Document:

EX-4.5

 Exhibit 4.5 
 EXECUTION VERSION 
 QUNAR CAYMAN ISLANDS LIMITED 

TRANSFER OF SHARES AGREEMENT 
 This Transfer of Shares Agreement (this “Agreement”) is made and entered into as of July 20, 2011 and effective upon the Closing (as defined in the Ordinary Shares Purchase
Agreement) by and among (i) Qunar Cayman Islands Limited, a Cayman Islands exempted company (the “Company”), (ii) Baidu Holdings Limited, a Cayman Islands exempted company (“Baidu”), (iii) Zhuang
Chenchao, including for purposes of this Agreement any affiliated entity of such person (including Forlongwiz Holdings Limited) (each, a “Founder” and collectively, the “Founders”), (iv) the holders of Ordinary
Shares listed on Exhibit A attached hereto (together with the Founders, the “Key Shareholders”), and (v) any other holders of Shares who shall at any time be a party to or bound by this Agreement pursuant to the
execution and delivery of this Agreement as of the date hereof or a Deed of Adherence substantially in the form of Exhibit B attached hereto (a “Deed of Adherence”) after the date hereof (together with the Key Shareholders,
each, a “Minority Shareholder” and collectively, the “Minority Shareholders,” and together with Baidu, the “Shareholders”). Those Shareholders other than the Founders are referred to herein as the
“Non-Founder Shareholders.” 
 RECITALS 

A. The Company and Baidu are parties to that certain Ordinary Shares Purchase Agreement dated as of June 24, 2011 (the
“Ordinary Shares Purchase Agreement”), pursuant to which Baidu is purchasing 181,402,116 ordinary shares, par value US$0.001 per share, in the share capital of the Company (“Ordinary Shares”). 

B. In connection with the consummation of the transactions contemplated by the Ordinary Shares Purchase Agreement, the parties hereto
desire to enter into this Agreement to govern certain of their rights, duties and obligations after consummation of such transactions. 
 C. The Company and certain of the Key Shareholders are parties to that certain Amended and Restated Right of First Refusal and Co-Sale Agreement, dated as of October 29, 2009 (the “Prior
Agreement”), and desire to amend and restate the Prior Agreement and to accept the rights and obligations created pursuant hereto in lieu of the rights and obligations created under the Prior Agreement. 

 AGREEMENT 

In consideration of the foregoing premises and certain other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and accepted, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 
  

	 	1.	Transfers by Shareholders. 

 1.1 Transfers by Founder Restricted Sellers; Right of First Refusal. 
 (a) Right of First Refusal. Should any Founder (or a Permitted Transferee thereof) (each, a “Founder Restricted Seller” and collectively, the “Founder
Restricted Sellers”) propose to accept, subject to Article 2, one or more bona fide offers (collectively, a “Purchase Offer”) from any persons to purchase Ordinary Shares (collectively, the “ROFR Shares”)
from such Founder Restricted Seller (other than as set forth in Section 1.6 of this Agreement), such Founder Restricted Seller shall promptly deliver a notice (the “ROFR Notice”) to the Company and each of the other
Shareholders holding at least 3% of the Ordinary Shares on a Fully-Diluted basis (each a “ROFR Holder” and collectively “ROFR Holders”) stating the terms and conditions of such Purchase Offer including, without
limitation, the number of ROFR Shares proposed to be Transferred, the nature of such Transfer, the price per ROFR Share to be paid and form of consideration, and the name and address of each prospective purchaser or transferee. Each ROFR Holder
shall have the right to submit, prior to the end of the period of 30 days following receipt of the ROFR Notice by the ROFR Holders (the “ROFR Period”), notice of its irrevocable commitment to purchase such portion of the ROFR Shares
based upon the number of Ordinary Shares held by such ROFR Holder relative to the aggregate number of Ordinary Shares held by all ROFR Holders, at the price per share set forth in the ROFR Notice, to the Founder Restricted Seller (together with a
copy thereof to the Company). 
 (b) Overallotment. If any ROFR Holder fails to notify the Founder Restricted
Seller and the Company prior to the end of the ROFR Period, it shall be deemed to have declined the Purchase Offer. In the event that not all of the ROFR Holders elect to purchase all of their pro rata amount of the ROFR Shares, then the Company
shall promptly give written notice (the “ROFR Overallotment Notice”) to each of the ROFR Holders who have fully exercised their right of first refusal set forth in Section 1.1(a) (the “Right of First Refusal”),
which shall set forth the number of ROFR Shares not purchased by the other ROFR Holders and available for purchase, and shall offer such fully exercising ROFR Holders the right to acquire such unsubscribed shares. Each fully exercising ROFR Holder
shall have five (5) days after receipt of the ROFR Overallotment Notice to deliver a notice (the “Exercising ROFR Holder’s Notice”) to the Founder Restricted Seller (together with a copy thereof to the Company) of its
irrevocable commitment to purchase any or all of the shares available for purchase on a pro rata basis, based upon the number of Ordinary Shares held by such ROFR Holder relative to the aggregate number of Ordinary Shares held by all fully
exercising ROFR Holders who deliver an Exercising ROFR Holder’s Notice. If the ROFR Holders elect to purchase any ROFR Shares, the ROFR Holders, shall purchase and pay, by wire transfer of immediately available funds to an account designated by
the Founder Restricted Seller, for such ROFR Shares within five (5) Business Days after the date on which all such ROFR Shares have been accepted; provided that, if the Transfer of such ROFR Shares is subject to any prior regulatory
approval, the time period during which such Transfer may be consummated shall be extended until the expiration of five Business Days after all such approvals shall have been received, but in no event shall such period be extended for more than an
additional 90 days. 

  
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 (c) Transfers by Founder Restricted Seller. Upon the earlier to occur of
(i) full rejection of the Right of First Refusal by the ROFR Holders, (ii) the expiration of the five day period after receipt of the ROFR Overallotment Notice without the ROFR Holders electing to purchase all of the ROFR Shares and
(iii) the failure to obtain any required consent or regulatory approval for the purchase of all ROFR Shares by the ROFR Holders within 90 days after acceptance of the Right of First Refusal (the “ROFR Expiration Date”), subject
to Section 1.3, the Founder Restricted Seller shall have a 45-day period during which to effect a Transfer of any or all of the ROFR Shares not purchased by any ROFR Holder to the purchaser(s) or transferee(s) set forth in the ROFR Notice on
substantially the same or more favorable (as to the Founder Restricted Seller) terms and conditions as set forth in the ROFR Notice and at not less than the price specified in such ROFR Notice (in the case of any non-cash price, as determined in
good faith by the Board); provided that, if the Transfer is subject to regulatory approval, such 45- day period shall be extended until the expiration of five days after all such approvals shall have been received, but in no event shall such
period be extended for more than an additional 60 days. If the Founder Restricted Seller does not consummate the Transfer of the ROFR Shares in accordance with the foregoing time limitations to the specified purchaser(s) or transferee(s) set forth
in the ROFR Notice, then the right of the Founder Restricted Seller to effect the Transfer of such ROFR Shares pursuant to this Section 1.1(c) shall terminate and the Founder Restricted Seller shall again comply with the procedures set forth in
Section 1.1(a) and Section 1.1(b) with respect to any proposed Transfer of Ordinary Shares to any person (other than as set forth in Section 1.6 of this Agreement). 

(d) Termination of Rights. The right of the ROFR Holders to purchase any ROFR Shares pursuant to
Section 1.1(a) through (b) above shall terminate upon (i) an Exit Event, as such term is defined in the Company’s Amended and Restated Articles of Association, as amended from time to time (the “Restated
Articles”) (an “Exit Event”) or (ii) the consummation of a Sale Transaction, as such term is defined in the Restated Articles (a “Sale Transaction”). 

1.2 Transfers by Non-Founder Restricted Sellers; Right of First Offer. 

(a) Right of First Offer. Should Baidu or any other Non-Founder Shareholder (or a Permitted Transferee, as defined
below) (each, a “Non-Founder Restricted Seller” and collectively, the “Non-Founder Restricted Sellers”) intend to Transfer any Ordinary Shares to any person (other than as set forth in Section 1.6 of this
Agreement), such Non- Founder Restricted Seller shall promptly deliver a notice (the “ROFO Notice”) to the Company and each of the other Shareholders (collectively, the “ROFO Holders”) stating such Non- Founder
Restricted Seller’s intention to make such Transfer and setting forth the number of Ordinary Shares proposed to be Transferred (the “ROFO Shares”) and the price per share and form of consideration that such Non-Founder
Restricted Seller proposes to be paid for such ROFO Shares. Each ROFO Holder shall have the right to submit, prior to the end of the period of 30 days following receipt of the ROFO Notice by the ROFO Holders (the “ROFO Period”),
notice of its irrevocable commitment to purchase such portion of the ROFO Shares based upon the number of Ordinary Shares held by such ROFO Holder relative to the aggregate number of Ordinary Shares held by all ROFO Holders, at the price per share
set forth in the ROFO Notice, to the Non-Founder Restricted Seller (together with a copy thereof to the Company). 

  
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 (b) Overallotment. If any ROFO Holder fails to notify the Non- Founder
Restricted Seller and the Company prior to the end of the ROFO Period, it shall be deemed to have declined right of first offer set forth in Section 1.2(a) above (the “Right of First Offer”). In the event that not all of the
ROFO Holders elect to purchase all of their pro rata amount of the ROFO Shares, then the Company shall promptly give written notice (the “ROFO Overallotment Notice”) to each of the ROFO Holders who have fully exercised their Right
of First Offer, which shall set forth the number of ROFO Shares not purchased by the other ROFO Holders and available for purchase, and shall offer such fully exercising ROFO Holders the right to acquire such unsubscribed shares. Each fully
exercising ROFO Holder shall have five (5) days after receipt of the ROFO Overallotment Notice to deliver a notice (the “Exercising ROFO Holder’s Notice”) to the Non-Founder Restricted Seller (together with a copy thereof to
the Company) of its irrevocable commitment to purchase any or all of the shares available for purchase on a pro rata basis, based upon the number of Ordinary Shares held by such ROFO Holder relative to the aggregate number of Ordinary Shares held by
all fully exercising ROFO Holders who deliver an Exercising ROFO Holder’s Notice. If the ROFO Holders elect to purchase any ROFO Shares, the ROFO Holders, shall purchase and pay, by wire transfer of immediately available funds to an account
designated by the Non-Founder Restricted Seller, for such ROFO Shares within five (5) Business Days after the date on which all such ROFO Shares have been accepted; provided that, if the Transfer of such ROFO Shares is subject to any
prior regulatory approval, the time period during which such Transfer may be consummated shall be extended until the expiration of five Business Days after all such approvals shall have been received, but in no event shall such period be extended
for more than an additional 90 days. 
 (c) Transfers by Non-Founder Restricted Seller. Upon the earlier to occur
of (i) full rejection of the Right of First Offer by the ROFO Holders, (ii) the expiration of the five day period after receipt of the ROFO Overallotment Notice without the ROFO Holders electing to purchase all of the ROFO Shares and
(iii) the failure to obtain any required consent or regulatory approval for the purchase of all ROFO Shares by the ROFO Holders within 90 days after acceptance of the Right of First Offer (the “ROFO Expiration Date”), subject
to Section 1.3, the Non-Founder Restricted Seller shall have a 90-day period during which to effect a Transfer of any or all of the ROFO Shares not purchased by any ROFO Holder on substantially the same or more favorable (as to the Non-Founder
Restricted Seller) terms and conditions as were set forth in the ROFO Notice at a price not less than the price specified in the ROFO Notice (in the case of any non-cash price, as determined in good faith by the Board); provided that, if the
Transfer is subject to regulatory approval, such 90-day period shall be extended until the expiration of five days after all such approvals shall have been received, but in no event shall such period be extended for more than an additional 60 days.
If the Non-Founder Restricted Seller does not consummate the Transfer of the ROFO Shares in accordance with the foregoing time limitations, then the right of the Non-Founder Restricted Seller to effect the Transfer of such ROFO Shares pursuant to
this Section 1.2(c) shall terminate and the Non-Founder Restricted Seller shall again comply with the procedures set forth in Section 1.2(a) and Section 1.2(b) with respect to any proposed Transfer of Ordinary Shares to any person (other
than as set forth in Section 1.6 of this Agreement). 
 (d) Termination of Rights. The right of the
ROFO Holders to purchase any Ordinary Shares pursuant to Section 1.2(a) through (b) above shall terminate upon (i) the consummation of an Exit Event or (ii) the consummation of a Sale Transaction. 

  
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 1.3 Co-Sale Right. To the extent that any ROFR Shares or ROFO Shares are not
fully purchased by the ROFR Holders or the ROFO Holders, as the case may be, each Shareholder other than the applicable Founder Restricted Seller or the Non-Founder Restricted Seller (as the case may be, the “Selling Shareholder”
and such other Shareholders, collectively, the “CSR Holders”) shall have the right (the “Co-Sale Right”), exercisable upon written notice to the Selling Shareholder (together with a copy thereof to the Company)
within 15 days after the ROFR Expiration Date or the ROFR Expiration Date, as applicable, to participate in the Transfer of the ROFR Shares or the ROFR Shares (as applicable, the “Offered Shares”), on the same terms and conditions
on which the Selling Shareholder shall Transfer its Offered Shares pursuant to Section 1.1(c) or Section 1.2(c), as applicable. To the extent a CSR Holder exercises such Co-Sale Right in accordance with the terms and conditions set forth
below, the number of Offered Shares which the Selling Shareholder may Transfer pursuant to Section 1.1(c) or Section 1.2(c), as applicable, shall be correspondingly reduced. Subject to Section 2.1, a CSR Holder who chooses to exercise its
rights as set forth in this Section 1.3 may designate as sellers under such right itself or its Permitted Transferees in such proportions as it deems appropriate. The Co-Sale Right of each CSR Holder shall be subject to the following terms and
conditions: 
 (a) Calculation of Shares. Each CSR Holder may Transfer all or any part of that number of Ordinary
Shares owned by it equal to the product obtained by multiplying (i) the aggregate number of Offered Shares covered by Section 1.1(c) or Section 1.2(c), as applicable, by (ii) a fraction, the numerator of which is the number of
Ordinary Shares at the time owned by such CSR Holder, including shares Transferred by such CSR Holder to Permitted Transferees in accordance with this Agreement, and the denominator of which is the sum of (A) the total number of Ordinary Shares
at the time owned by all CSR Holders participating in such Transfer plus (B) the total number of Ordinary Shares at the time owned by the Selling Shareholder, including shares Transferred by the Selling Shareholder to Permitted Transferees in
accordance with this Agreement. 
 (b) Delivery of Certificates. Each CSR Holder may effect its participation in
the Transfer by delivering to the Selling Shareholder for Transfer to the prospective purchaser one or more certificates, if any, together with a duly executed instrument of transfer (“Instrument of Transfer”), which represent the
Ordinary Shares which such CSR Holder elects to sell. 
 1.4 Transfer. The share certificate or certificates, if
any, and the Instrument of Transfer which any CSR Holder delivers to the Selling Shareholder pursuant to Section 1.3 shall be delivered by the Selling Shareholder to the prospective purchaser in consummation of the Transfer pursuant to the
terms and conditions pursuant to Section 1.1(c) or Section 1.2(c), as applicable, and the Selling Shareholder shall promptly thereafter remit to such CSR Holder that portion of the Transfer proceeds to which such CSR Holder is entitled by
reason of its participation in such Transfer. To the extent that any prospective purchaser or purchasers prohibits such assignment or otherwise refuses to purchase Ordinary Shares from a CSR Holder exercising its Co-Sale Right hereunder, the Selling
Shareholder(s) shall not Transfer to such prospective purchaser or purchasers any Offered Shares unless and until, simultaneously with such Transfer, the Selling Shareholder shall purchase such Ordinary Shares from such CSR Holder for the same
consideration and on the same terms and conditions as the proposed Transfer pursuant to Section 1.1(c) or Section 1.2(c), as applicable (which terms and conditions shall be no less favorable than those governing the Transfer to the
purchaser by the Selling Shareholder(s)). 
 1.5 No Adverse Effect. The exercise or non-exercise of the rights of
the CSR Holders hereunder to participate in one or more Transfers of Offered Shares made by a Selling Shareholder shall not adversely affect their rights to participate in subsequent Transfers of Offered Shares by a Selling Shareholder. 

  
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 1.6 Permitted Transactions. The provisions of Article 1 of this Agreement
shall not pertain or apply to: 
 (a) (i) any repurchase or redemption of Ordinary Shares by the Company, or (ii) any
Transfer of Ordinary Shares by any Shareholder to Baidu; 
 (b) any Transfer of Ordinary Shares to any individual
Shareholder’s ancestors, descendants or spouse or to a trust for their benefit or any other similar Transfers in connection with estate planning; 
 (c) any Transfer of Ordinary Shares to any entity which wholly owns such Shareholder or any wholly-owned subsidiary of such Shareholder or any Affiliated Fund of such Shareholder, subject to
Section 2.1 hereof; 
 (d) any transaction contemplated by the Transaction Framework Agreement including without
limitation the exercise of Redemption Right as provided in the Restated Articles; or 
 (e) any Transfer of Ordinary Shares by
any Shareholder to GGV III Entrepreneurs Fund L.P., any Founder or Traveltech Investment Inc. within 30 days after the Closing (as defined in the Ordinary Shares Purchase Agreement), provided that (i) the aggregate number of Ordinary
Shares so Transferred is not greater than 10% of the then total Ordinary Shares on a Fully-Diluted basis, and (ii) the price per share paid by the transferee in such Transfer is based on a valuation of the Company which is not less than
$550,000,000; 
 provided, in each case, that (i) any Shareholder shall inform the Company and the other Shareholders of such
Transfer prior to effecting it, and (ii) the transferee (each a “Permitted Transferee”) shall furnish the Company and the other Shareholders with a written agreement to be bound by and comply with all provisions of this
Agreement applicable to the transferring Shareholder pursuant to Section 2.3. 
 1.7 Assignment of Rights.
The rights of any Shareholder set forth in this Article 1 may be assigned (but only with all related obligations) only to a transferee or assignee of Ordinary Shares in accordance with this Agreement; provided that (a) the Company
is, within a reasonable time after such Transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such rights are being assigned, and (b) such transferee agrees in
writing to be bound by the provisions of this Agreement pursuant to Section 2.3, and (c) such transferee is not an Adverse Person. Notwithstanding the forgoing, Baidu may not transfer or assign its rights under this Agreement to any party
other than its affiliated entities, unless Baidu shall have provided notice of such transfer or assignment to the Holders’ Indemnification Representative (as defined in the Transaction Framework Agreement dated as of June 24, 2011 among
the Company, Baidu, the Key Shareholders and any other parties thereto) at least 60 days prior to the closing of such transfer or assignment. 

  
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 1.8 Defined Terms Used in this Agreement. In addition to the terms defined
above, the following terms used in this Agreement shall be construed to have the meanings set forth or referenced below: 

“Affiliated Funds” means with respect to a limited liability company or a limited liability partnership, a fund or
entity managed by the same manager or managing member or general partner or management company or by an entity controlling, controlled by, or under common control with such manager or managing member or general partner or management company.

 “Baidu Director” shall have the meaning ascribed to such term in the Voting Agreement. 

“Board” means the Board of Directors of the Company. 

“Business Day” means a day other than Saturday, Sunday or any other day on which commercial banks in the PRC or the
Hong Kong Special Administrative Region are authorized or required by applicable law to close. 

“Fully-Diluted” means, with respect to the Ordinary Shares, all outstanding Ordinary Shares and all Ordinary Shares
issuable in respect of securities convertible into or exchangeable for Ordinary Shares (including any preference shares), all share appreciation rights, options, warrants and other rights to purchase or subscribe for Ordinary Shares or securities
convertible into or exchangeable for Ordinary Shares, including the Stock Options (as defined in the Ordinary Shares Purchase Agreement) and any Unallocated Stock Options (as defined in the Ordinary Shares Purchase Agreement). 

“Minority Shareholder Director” shall have the meaning ascribed to such term in the Voting Agreement. 

“PRC” means People’s Republic of China but solely for purposes of this Agreement and the other Transaction
Agreements, excluding the Hong Kong Special Administrative Region, Macau Special Administrative Region and the island of Taiwan. 
 “Transfer” means, with respect to any Ordinary Shares, (i) when used as a verb, to sell, assign, dispose of, exchange, pledge, encumber, hypothecate or otherwise transfer such shares
or any participation or interest therein, whether directly or indirectly (including pursuant to a derivative, swap or other transaction that would transfer, in whole or in part, directly or indirectly, the economic consequence of ownership of such
shares), or agree or commit to do any of the foregoing and (ii) when used as a noun, a direct or indirect sale, assignment, disposition, exchange, pledge, encumbrance, hypothecation, or other transfer of such shares or any participation or
interest therein or any agreement or commitment to do any of the foregoing. 
 “Voting Agreement” means the
Amended and Restated Voting Agreement entered into among the parties hereto as of the date hereof, as may be amended from time to time. 

  
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	 	2.	Transfer Restrictions. 

 2.1 Adverse Persons. No Shareholder shall Transfer any Ordinary Shares to any actual or potential competitor of the Company and its subsidiaries, as determined in good faith by the
Company’s Board of Directors and the persons listed on Exhibit C attached hereto or any of their controlled affiliates (an “Adverse Person”) unless otherwise determined by the Board. 

2.2 Founders’ Lock-In. No Founder (or Permitted Transferee thereof) shall Transfer any Ordinary Shares prior to
the date six months following the consummation of a Qualified IPO, except (x) to any Permitted Transferee pursuant to Section 1.6, or (y) with the prior written consent of the Board. 

2.3 Adherence to Transaction Documents. The Company and each Shareholder proposing to Transfer any Ordinary Shares shall
cause each transferee of Ordinary Shares who is not a party to or bound by this Agreement to enter into this Agreement pursuant to the execution of a Deed of Adherence, and the Investors’ Rights Agreement and the Voting Agreement pursuant to
the execution of deeds of adherence thereto, and become subject to the terms and conditions hereof and thereof. Baidu hereby appoints any Baidu Director and the Minority Shareholders hereby appoint any Minority Shareholder Director (together, the
“Transfer of Shares Agreement Representatives”), acting pursuant to a duly authorized Board resolution as the true and lawful attorney-in-fact for and in the name of and on behalf of such party to (i) execute under hand,
personal seal, as a deed, on behalf of and in the name of such party any Deed of Adherence executed by any person in connection with its acquisition of Shares or (ii) execute any amendment of this Agreement pursuant to and subject to
Section 4.2. The foregoing power of attorney is intended to secure an interest in property and, in addition, the obligations of the parties under this Agreement. 
 2.4 Prohibited Transfers. Any attempt by any Shareholder to Transfer Ordinary Shares in violation of Article 1 or Article 2 of this Agreement shall be void, and the Company agrees it will
not effect such a Transfer, or treat any alleged transferee as the holder of such Ordinary Shares, without the written consent of the holders of at least a majority of the Ordinary Shares. All transferees of Ordinary Shares or any interest therein
must agree in writing to be bound by the provisions of this Agreement prior to such Transfer and will receive and hold such Ordinary Shares or interest subject to the provisions of this Agreement. 

2.5 Legended Certificates. Each certificate representing Ordinary Shares of the Company now or hereafter owned by
the Shareholders or issued to any Permitted Transferee pursuant to Section 1.6 shall bear the following legend: 
 “THE
SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN TRANSFER OF SHARES AGREEMENT BY AND BETWEEN THE SHAREHOLDER, THE COMPANY AND CERTAIN HOLDERS OF ORDINARY
SHARES OF THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.” 

  
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	 	3.	Termination. 

 3.1
Termination Events. This Agreement shall terminate upon the earliest to occur of any one of the following events (and shall not apply to any Transfer by a Shareholder in connection with any such event): 

(a) the consummation of an Exit Event; 
 (b) the consummation of the sale, conveyance or disposal of all or substantially all of the Company’s property or business or the Company’s merger with or into or consolidation with any other
corporation (other than a wholly-owned subsidiary corporation), including without limitation a Sale Transaction, or if the Company effects any other transaction or series of related transactions in which more than fifty percent (50%) of the
voting power of the Company is disposed of and the Company is not the survivor, provided that this Section 3.1(b) shall not apply to a merger effected exclusively for the purpose of changing the domicile of the Company; or 

(c) the written agreement of (i) the Company, (ii) Baidu and (iii) the holders of a majority in interest (by ownership
percentage) of the Minority Shareholders to terminate this Agreement. 
 3.2 Removal of Legend. At any time after
the termination of this Agreement in accordance with Section 3.1, any holder of a share certificate legended pursuant to Section 2.3 may surrender such certificate to the Company for removal of such legend, and the Company will duly
reissue a new certificate without the legend. 
  

	 	4.	Miscellaneous. 

4.1 Successors and Assigns. Except as otherwise provided herein, this Agreement and the rights and obligations of the
parties hereunder shall inure to the benefit of, and be binding upon, the parties’ respective successors, assigns and legal representatives. 
 4.2 Amendments and Waivers. Any term of this Agreement may be amended or waived only with the written consent of the Company, Baidu and the holders of a majority in interest (by ownership
percentage) of the Minority Shareholders, voting together as a single class; provided, that any amendment or waiver that adversely affects any of the Minority Shareholders in a manner different from the other Minority Shareholders shall
require the consent of such Minority Shareholder; provided, further, that any amendment or waiver of a provision hereof requiring a certain percentage vote for approval shall require the written consent of holders of at least such
percentage vote. Notwithstanding the foregoing, this Agreement may be amended with only the written consent of the Company for the sole purpose of including additional purchasers of Ordinary Shares as “Non-Founder Shareholders.” Any
amendment or waiver effected in accordance with this Section 4.2 shall be binding upon the Company and the Shareholders, and each of their respective successors and assigns. 

  
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 4.3 Notices. Any notice required or permitted by this Agreement shall be in
writing and shall be deemed sufficient on the date of delivery, when delivered personally or by overnight courier or sent by email, telegram or fax, or 48 hours after being deposited as certified or registered mail, with postage prepaid, and
addressed to the party to be notified at such party’s address, email address or fax number as set forth below on the signature page or on Exhibit A hereto, or as subsequently modified by written notice. 

4.4 Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the
parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (a) such provision shall be excluded from this Agreement,
(b) the balance of the Agreement shall be interpreted as if such provision were so excluded and (c) the balance of the Agreement shall be enforceable in accordance with its terms. 

4.5 Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the
parties hereto shall be governed, construed and interpreted in accordance with the laws of the Cayman Islands, without giving effect to principles of conflicts of law. 
 4.6 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same
instrument. 
 4.7 Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience
only and are not to be considered in construing or interpreting this Agreement. 
 4.8 Aggregation of Shares. All
shares held or acquired by affiliated entities or persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
 4.9 Effect of Change in Company’s Capital Structure. If, from time to time, the Company pays a share dividend or effects a share split or other change in the character or amount of any
of the outstanding shares of the Company, then in such event any and all new, substituted or additional securities to which a Shareholder is entitled by reason of such Shareholder’s ownership of the Ordinary Shares shall immediately be subject
to the rights and obligations set forth in this Agreement with the same force and effect as the shares subject to such rights immediately before such event. 
 4.10 Entire Agreement. This Agreement, together with the other Transaction Documents (as such term is defined in the Ordinary Shares Purchase Agreement), constitute the entire agreement
between the parties hereto pertaining to the subject matter hereof and thereof, and any and all other written or oral agreements relating to the subject matter hereof and thereof existing between the parties hereto are expressly canceled. The Prior
Agreement is hereby amended and restated in its entirety and shall be of no further force or effect. 

  
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 4.11 Dispute Resolution. 

(a) Negotiation Between Parties; Mediations. The parties agree to negotiate in good faith to resolve any dispute between
them regarding this Agreement. If the negotiations do not resolve the dispute to the reasonable satisfaction of both parties, then each party that is a company shall nominate one authorized officer as its representative. The parties or their
representatives, as the case may be, shall, within 30 days of a written request by either party to call such a meeting, meet in person and shall attempt in good faith to resolve the dispute. If the disputes cannot be resolved by such senior managers
in such meeting, the parties agree that they shall, if requested in writing by either party, meet within 30 days after such written notification for one day with an impartial mediator and consider dispute resolution alternatives other than formal
arbitration. If an alternative method of dispute resolution is not agreed upon in the one day mediation, either party may begin formal arbitration proceedings to be conducted in accordance with subsection (b) below. This procedure shall be a
prerequisite before taking any additional action hereunder. 
 (b) Arbitration. In the event the parties are
unable to settle a dispute between them regarding this Agreement in accordance with subsection (a) above, such dispute shall be referred to and finally settled by arbitration at the Hong Kong International Arbitration Centre in accordance with
the UNCITRAL Arbitration Rules (“UNCITRAL Rules”) in effect, which rules are deemed to be incorporated by reference into this subsection (b), subject to the following: (i) the arbitration tribunal shall consist of three
arbitrators to be appointed according to the UNCITRAL Rules; and (ii) the language of the arbitration shall be English. The prevailing party shall be entitled to reasonable attorney’s fees, costs and necessary disbursements in addition to
any other relief to which such party may be entitled. 
 [Signature Pages Follow] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
 COMPANY: 

QUNAR CAYMAN ISLANDS LIMITED 
 Executed as a deed: 

					
	By:	 	 /s/ Frederick Michael Demopoulos

		 	Name:	 	 Frederick Michael Demopoulos

		 	Title:	 	 CEO

 Address: Room 1602-1606, Tower B, China Electric Plaza, No.3 Danling Street, Haidian District,
Beijing, 100080, PRC 
 Facsimile: 8610-57603530 
 E-mail Address: ir@qunar.com 
 Date: July 20, 2011 

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
 BAIDU: 

BAIDU HOLDINGS LIMITED 
 Executed as a deed: 
  

					
	By:	 	 /s/ Robin Li

		 	Name:	 	Robin Li
		 	Title:	 	Director

 Address: P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands

 c/o Hesong Tang 
 No. 10 Shangdi 10th Street 
 Haidian District 

Facsimile: +86-10-59920022 
 E-mail Address: tanghesong@baidu.com 

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

					
	MINORITY SHAREHOLDERS:	 		 	
			
	FREDERICK DEMOPOULOS	 		 	
			
	Executed as a deed:	 		 	
			
	 /s/ Frederick Demopoulos
	 		 	
			
	Address:	 		 	
		
	17 F1, Viva Plaza, Building 18, Yard 29, Suzhou Street	 	
		
	Haidian District, Beijing, China 100080	 	
			
	Date: July 9, 2011	 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

													
		 	MINORITY SHAREHOLDERS:	 	
		
		 	Tenaya Capital V, LP (f/k/a/ Lehman Brothers Venture Partners V L.P.)
				
		 	Executed as a deed:	 		 	
							
		 	By:	 	Tenaya Capital V GP, LP	 		 		 		 	
		 	Its:	 	General Partner	 		 		 		 	
							
		 	By:	 	Tenaya Capital V GP, LLC	 		 		 		 	
		 	Its:	 	General Partner	 		 		 		 	
						
		 		 		 		 	By:	 	 /s/ Ben Boyer

		 		 		 		 		 	Name:	 	 Ben Boyer

		 		 		 		 		 	Title:	 	 Managing Director

		
		 	Tenaya Capital V-P, LP (f/k/a/ Lehman Brothers Venture Partners V-P L.P.)
				
		 	Executed as a deed:	 		 	
							
		 	By:	 	Tenaya Capital V GP, LP	 		 		 		 	
		 	Its:	 	General Partner	 		 		 		 	
							
		 	By:	 	Tenaya Capital V GP, LLC	 		 		 		 	
		 	Its:	 	General Partner	 		 		 		 	
						
		 		 		 		 	By:	 	 /s/ Ben Boyer

		 		 		 		 		 	Name:	 	 Ben Boyer

		 		 		 		 		 	Title:	 	 Managing Director

		 	Address:	 		 	
						
		 	2965 Woodside Road, Suite A	 		 		 		 	
		 	Woodside, CA 94062	 		 		 		 	
						
		 	Date: July 11, 2011	 		 		 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

											
		 	MINORITY SHAREHOLDERS:	 		 	
				
		 	GSR Ventures I, L.P.	 		 	
				
		 	Executed as a deed:	 		 	
						
		 	By:	 	GSR Partners I, L.P.	 		 		 	
		 		 	Its General Partner	 		 		 	
						
		 	By:	 	GSR Partners I, Ltd.	 		 		 	
		 		 	Its General Partner	 		 		 	
						
		 		 		 		 	By:	 	 /s/ Richard Lim, affixed with corporate seal of GSR Partners I, Ltd.

		 		 		 		 		 	Authorized Signatory
		 	GSR Principals Fund I, L.P.	 		 	
				
		 	Executed as a deed:	 		 	
						
		 	By:	 	GSR Partners I, L.P.	 		 		 	
		 		 	Its General Partner	 		 		 	
						
		 	By:	 	GSR Partners I, Ltd.	 		 		 	
		 		 	Its General Partner	 		 		 	
						
		 		 		 		 	By:	 	 /s/ Richard Lim, affixed with corporate seal of GSR Partners I, Ltd.

		 		 		 		 		 	Authorized Signatory
		 	Address:	 		 	
				
		 	101 University Ave, 4th Floor	 		 	
		 	Palo Alto, CA 94301	 		 	
				
		 	Date: July 6, 2011	 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF THE AMENDED AND
RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of Shares
Agreement as a deed as of the date first written above. 
  

											
		 	MINORITY SHAREHOLDERS:	 		 	
				
		 	 Mayfield XII,

a Delaware Limited Partnership
	 		 	
				
		 	Executed as a deed:	 		 	
						
		 	By:	 	Mayfield XII Management, L.L.C.,	 		 		 	
		 	a Delaware limited liability company	 		 		 	
		 	Its:	 	General Partner	 		 		 	
						
		 		 		 		 	By:	 	 /s/ Raj Kapoor

		 		 		 		 		 	Its: Managing Director
		 	 Mayfield Principals Fund XII,
 a Delaware Multiple Series LLC
	 		 	
				
		 	Executed as a deed:	 		 	
						
		 	By:	 	Mayfield XII Management, L.L.C.,	 		 		 	
		 	a Delaware limited liability company	 		 		 	
		 	Its:	 	Managing Director	 		 		 	
						
		 		 		 		 	By:	 	 /s/ Raj Kapoor

		 		 		 		 		 	Its: Managing Director
		 	 Mayfield Associates Fund XII,
 a Delaware Limited Partnership
	 		 	
				
		 	Executed as a deed:	 		 	
						
		 	By:	 	Mayfield XII Management, L.L.C.,	 		 		 	
		 	a Delaware limited liability company	 		 		 	
		 	Its:	 	General Partner	 		 		 	
						
		 		 		 		 	By:	 	 /s/ Raj Kapoor

		 		 		 		 		 	Its: Managing Director
				
		 	Address:	 		 	
		 	c/o Mayfield Fund	 		 	
		 	Attn: Raj Kapoor	 		 	
		 	2800 Sand Hill Road, Suite 250, Menlo Park, CA 94025 USA	 		 	
				
		 	Date: July 11, 2011	 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

Granite Global Ventures III L.P. 
 Executed as a deed: 
 By: Granite Global Ventures III L.L.C., its General Partner

  

			
	By:	 	 /s/ Jixun Foo

		 	Jixun Foo
		 	Managing Director

 GGV III Entrepreneurs Fund L.P. 

Executed as a deed: 
 By: Granite Global Ventures III L.L.C., its General Partner 
  

			
	By:	 	 /s/ Jixun Foo

		 	Jixun Foo
		 	Managing Director

 Address: 
 2492 Sand Hill Road Suite 100, 
 Menlo Park, CA 94025 U.S.A. 

Date: July 20, 2011 

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

KERUBIM CAPITAL CORPORATION 
 Executed as a deed: 
  

					
	By:	 	 /s/ LIN, Jen-Pung

		 	Name:	 	LIN, Jen-Pung
		 	Title:	 	Director

 Address: 
 

 
 (293 JiangNing Rd, #12C, Shanghai, China 200041) 

Date: July 11, 2011 

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

FOO, TEE KENG 
 Executed as a deed: 
  

			
		 	 /s/ FOO, Tee Keng

Address: 

245 Orchard Boulevard #08-03 Orchard Bel-Air Singapore 248648 
 Date: July 9, 2011 

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

FORLONGWIZ HOLDINGS LIMITED 
 Executed as a deed: 
  

					
	By:	 	 /s/ ZHUANG, Chenchao

		 	Name:	 	ZHUANG, Chenchao
		 	Title:	 	President

 Address: 
 17 FI, Viva Plaza, Building 18, Yard 29, Suzhou Street

 Haidian District, Beijing, China 100080 
 Date: July 11, 2011 

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 		 		 	
				
	TONG, MICHAEL SUI BAU	 		 		 	
				
	Executed as a deed:	 		 		 	
				
	 /s/ Michael Sui Bau Tong
	 		 		 	

 Address: 
 

 
 Date: July 11, 2011

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. · 
  

											
	MINORITY SHAREHOLDERS:	 		 		 		 	
					
	G & H Partners	 		 		 		 	
					
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ Jonathan Gleason

		 		 		 		 	Name:	 	Jonathan Gleason
		 		 		 		 	Title:	 	 Partner

					
	Address:	 		 		 		 	
					
	1200 Seaport Blvd.	 		 		 		 	
	Redwood City, CA 94063	 		 		 		 	
					
	Date: July 11, 2011	 		 		 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 		 		 	
				
	KHOO, DOUGLAS	 		 		 	
				
	Executed as a deed:	 		 		 	
				
	 /s/ Douglas Khoo
	 		 		 	
				
	Address:	 		 		 	
			
	4/F, No. 16 Pokfield Road, Pokfulam, Hong Kong	 		 	
				
	Email: douglas@qunar.com	 		 		 	
				
	Date: July 10, 2011	 		 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

											
	MINORITY SHAREHOLDERS:	 		 		 		 	
					
	Mediaway Investments Limited	 		 		 		 	
					
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ Chris Reitermann

		 		 		 		 	Name:	 	Chris Reitermann
		 		 		 		 	Title:	 	Director
					
	Address:	 		 		 		 	
					
	Flat 16A Jing An Eslite Tower	 		 		 		 	
	No. 435 Haifang Road,	 		 		 		 	
	Jing An District	 		 		 		 	
	Shanghai 20040	 		 		 		 	
	China	 		 		 		 	
					
	Date: July 11, 2011	 		 		 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

											
	MINORITY SHAREHOLDERS:	 		 		 		 	
					
	Traveltech Investment Inc.	 		 		 		 	
					
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ David Wu

		 		 		 		 	Name:	 	David Wu
		 		 		 		 	Title:	 	Director
						
	Address:	 		 		 		 		 	
			
	17 F1, Viva Plaza, Building 18, Yard 29, Suzhou Street	 		 	
	Haidian District, Beijing, China 100080	 		 	
			
	Date: July 11, 2011	 		 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED TRANSFER OF SHARES AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties have executed this Transfer of
Shares Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 		 		 	
				
	ELAINE GAR YEE WONG	 		 		 	
				
	Executed as a deed:	 		 		 	
				
	 /s/ Elaine Gar Yee Wong
	 		 		 	
					
	Address:	 		 		 		 	
		
	3rd Floor, Block C, 9 Conduit Road, Hong Kong	 	
		
	Date: July 10, 2011	 	

  
 [SIGNATURE
PAGE TO TRANSFER OF SHARES AGREEMENT] 

 EXECUTION VERSION 

EXHIBIT A 
 SCHEDULE OF CERTAIN KEY SHAREHOLDERS 
 Frederick Demopoulous 

Elaine Gar Yee Wong 
 Douglas Khoo 

GSR Ventures I, L.P. 
 GSR Principals Fund I, L.P

 Mayfield XII, a Delaware Limited Partnership 
 Mayfield Principals Fund XII, a Delaware Multiple Series LLC 
 Mayfield Associates Fund XII, a
Delaware Limited Partnership 
 Tenaya Capital V L.P. 
 Tenaya Capital V-P, L.P 
 Michael Tong Sui Bau 

G&H Partners 
 Granite Global Ventures III
L.P. 
 GGV III Entrepreneurs Fund L.P. 

Traveltech Investment Inc. 

 EXECUTION VERSION 

EXHIBIT B 

DEED OF ADHERENCE TO 
 TRANSFER OF SHARES AGREEMENT 
 This Deed of Adherence (this “Deed
of Adherence”) is made as of the date written below by the undersigned (the “Joining Party”) and the Transfer of Shares Agreement Representatives, as attorney-in-fact of the Existing Parties in accordance with the Transfer
of Shares Agreement dated as of July     , 2011, as the same may be amended from time to time (the “Transfer of Shares Agreement”), among (i) Qunar Cayman Islands Limited, a Cayman Islands exempted
company, (ii) Baidu Holding Limited, a British Virgin Islands company, (iii) the Key Shareholders, and (iv) any other Shareholders party thereto (the parties referred to in clauses (ii)- (iv), the “Existing Parties”).
Capitalized terms used, but not defined, herein shall have the meaning ascribed to such terms in the Transfer of Shares Agreement. 
 The Joining Party hereby acknowledges, agrees and confirms that, by its execution and delivery of this Deed of Adherence, the Joining Party shall be deemed to be a party to the Transfer of Shares
Agreement as of the date hereof and shall have all of the rights and obligations of a “Minority Shareholder,” “Non-Founder Shareholder” and “Shareholder” thereunder as if it had executed the Transfer of Shares
Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Transfer of Shares Agreement, the Investors’ Rights Agreement, the Voting Agreement and
the Restated Articles. 
 This Deed of Adherence shall be governed by and construed in accordance with the laws of the Cayman
Islands, without giving effect to principles of conflicts of laws, and any disputes will be subject to the provisions of Section 4.11 of the Transfer of Shares Agreement. 
 [Signature page follows] 

 EXECUTION VERSION 

IN WITNESS WHEREOF, the undersigned has executed this Deed of Adherence as a deed as of the date written below. 

 

									
	Date:             , 2011	 		 		 	
			
		 		 	[NAME OF JOINING PARTY]
				
		 		 		 	 Executed as a deed:

					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
		 		 	Address for Notices:
				
		 		 		 	QUNAR CAYMAN ISLANDS LIMITED
					
		 		 		 		 	 Executed as a deed:

					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
				
		 		 		 	[                            
            ],
				
		 		 		 	[                            
            ],
					
		 		 		 		 	 for and on behalf of each Existing Party, as attorney-in-fact, executed as a deed:

					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

 EXECUTION VERSION 

EXHIBIT C 
 DEEMED ADVERSE PERSONS 
 Tencent Holdings Limited 

Sina Corporation 
 Alibaba.com Limited

 Ctrip.com International, Ltd 

Google Inc. 
 eLong, Inc.EX-4.6

 Exhibit 4.6 
 EXECUTION VERSION 
 QUNAR CAYMAN ISLANDS LIMITED 

 AMENDED AND RESTATED VOTING AGREEMENT 

This Amended and Restated Voting Agreement (this “Agreement”) is made and entered into as of July 20, 2011 and
effective upon the Closing (as defined in the Ordinary Shares Purchase Agreement), by and among (i) Qunar Cayman Islands Limited, a Cayman Islands exempted company (the “Company”), (ii) Baidu Holdings Limited, a British
Virgin Islands company (“Baidu”), (iii) the holders of Ordinary Shares listed on Exhibit A attached hereto (the “Key Shareholders”), and (iv) any other holders of Shares who shall at any time be a
party to or bound by this Agreement pursuant to the execution and delivery of this Agreement as of the date hereof or a Deed of Adherence substantially in the form of Exhibit B attached hereto (a “Deed of Adherence”) after
the date hereof (together with the Key Shareholders, a “Minority Shareholder” and collectively, the “Minority Shareholders,” and together with Baidu, the “Shareholders”). 

RECITALS 
 A. The Company and Baidu are parties to that certain Ordinary Shares Purchase Agreement dated as of June 24, 2011 (the “Ordinary Shares Purchase Agreement”), pursuant to which Baidu
is purchasing ordinary shares, par value US$0.001 per share, in the share capital of the Company (“Ordinary Shares”). 
 B. In connection with the consummation of the transactions contemplated by the Ordinary Shares Purchase Agreement, the parties hereto desire to enter into this Agreement to govern certain of their rights,
duties and obligations after consummation of such transactions. 
 C. The Company and certain of the Key Shareholders have
previously entered into that certain Amended and Restated Voting Agreement dated as of October 29, 2009 (the “Prior Agreement”), and desire to amend and restate the Prior Agreement and to accept the rights and obligations
created pursuant hereto in lieu of the rights and obligations created under the Prior Agreement. 
 AGREEMENT

 In consideration of the foregoing premises and certain other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged and accepted, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 
 1. Election of Directors. Each of the Shareholders, as a holder of Ordinary Shares, hereby agrees on behalf of itself and any transferee or assignee of any such Ordinary Shares, to hold all
of the Ordinary Shares registered in its name (and any other voting securities of the Company subsequently acquired by such party) and any voting securities of the Company held in trust over which they have voting power (hereinafter collectively
referred to as the “Shares”) subject to, and to vote the Shares at a regular or special meeting of shareholders of the Company (or by written consent) in accordance with, the provisions of this Agreement. 

 1.1 Board Representation. At each annual meeting of the members of the
Company, or at any meeting of the members of the Company at which members of the Board are to be elected, or whenever members of the Board are to be elected by written consent, each of the Shareholders agrees to vote or act with respect to its
Shares so as to elect: 
 (a) Four (4) individuals designated as members of the Board by Baidu (the “Baidu
Directors”); provided that at least two of the Baidu Directors shall not be an employee or other service provider of Baidu or any of its affiliates. One of the Baidu Directors, as designated by Baidu, shall be the chairman of the
Board (the “Chairman”). 
 (b) Three (3) individuals designated as members of the Board by a majority in
interest (by ownership percentage) of the Minority Shareholders (the “Minority Shareholder Directors”); provided that at least two of the Minority Shareholder Directors shall not be an employee or other service provider of
the Company or any of its affiliates. The Minority Shareholder Directors shall initially be Chenchao Zhuang, Richard Lim and such other person as shall be designated by a majority in interest (by ownership percentage) of the Minority Shareholders.

 1.2 Appointment of Directors. In the event of the resignation, death, removal or disqualification of a director
selected in the manner set forth in Section 1.1 hereof, the party or parties holding the right to nominate such director shall promptly nominate a new director, and provide written notice of the nomination to the other parties to this
Agreement, each of whom shall promptly vote its shares of the Company to elect such nominee to the Board. 
 1.3
Removal. Any party or parties to this Agreement having the right to nominate a director pursuant to Section 1.1 of this Agreement may remove its designated director at any time and from time to time, with or without cause (subject
to the Amended and Restated Memorandum and Articles of Association of the Company as in effect as of the date hereof and as may be amended from time to time in accordance with the terms thereof (the “Restated Articles”) and any
requirements of law), in their sole discretion, and after written notice to each of the parties hereto of the new nominee to replace such director, and each party to this Agreement shall promptly vote its Shares of the Company to elect such nominee
to the Board. No director elected pursuant to Section 1.1 of this Agreement may be removed from office unless (i) such removal is directed or approved by the affirmative vote of the parties entitled under Section 1.1 of this Agreement
to designate that director or (ii) the parties originally entitled to designate or approve such director pursuant to Section 1.1 of this Agreement is no longer so entitled to designate or approve such director. 

2. Additional Representations and Covenants. 
 2.1 No Revocation. The voting agreements contained herein are coupled with an interest and may not be revoked during the term of this Agreement. 

2.2 Change in Number of Directors. The Shareholders will not vote for any amendment or change to the Company’s
Restated Articles providing for the election of less than six (6) directors or more than nine (9) directors, or any other amendment or change to the Restated Articles inconsistent with the terms of this Agreement unless otherwise approved
by Baidu and the holders of a majority in interest (by ownership percentage) of the Minority Shareholders. 

  
 2 

 2.3 Additional Covenants. Each Shareholder shall vote its Shares or execute
proxies or written consents, as the case may be, and to take all other actions necessary to ensure that each of the following occur: 
 (a) Matters Requiring Special Consent of Shareholders. The following matters of the Company and any other Group Company (as defined in the Ordinary Shares Purchase Agreement) (“Group
Company”) with respect to which the Company exercises any control through equity ownership, contractual agreements or otherwise, shall require the approval of (A) Baidu and (B) the holders of a majority of the outstanding shares
held by the Minority Shareholders: 
 (i) with respect to any Group Company (other than the Company), (A) amend or alter
the memorandum of association, articles of association and constitutional documents of similar nature or (B) amend, alter or terminate the Domestic Documents (as defined in Section 2.04(c) of the Transaction Framework Agreement(as defined
in the Ordinary Shares Purchase Agreement)); 
 (ii) create, issue, increase, authorize or grant, or agree to create, issue,
increase, authorize or grant, any additional shares or registered capital of any of the Group Companies (other than the Company), or any option over or right to acquire or security convertible into or exercisable for any such shares or registered
capital, including but not limited to the establishment of any employee share option or similar incentive program; 
 (iii)
except for the Extraordinary Dividend (as defined in the Restated Articles), declare or pay any dividend (whether interim or final) in cash or specie, or make any other form of distribution of profit or assets to shareholders, on any Ordinary Shares
or registered capital; 
 (iv) cease to conduct or carry on any Group Company’s business substantially as now conducted or
materially change any part of the Company’s business activities; 
 (v) except as contemplated by Articles 125 or 126 of
the Restated Articles, purchase or redeem any shares or reduce, purchase or redeem the share capital or registered capital of any Group Company (other than the Company), or create any encumbrance over any of its shares or registered capital except
repurchase of shares or share capital from employees, officers, directors, consultants or other persons performing services for the Company or any other Group Company pursuant to agreements under which the Company or any Group Company has the option
to repurchase such shares at no greater than cost upon the occurrence of certain events, such as the termination of employment, or through the exercise by the Company of any contractual right of first refusal over such shares; 

(vi) pass any resolution the result of which would be the termination, winding up, liquidation, cessation of business or receivership,
filing for bankruptcy, or making any composition or arrangement with creditors with respect to the Company or any other Group Company(other than the Company); 

  
 3 

 (vii) incorporate, invest in or liquidate any direct or indirect subsidiary or permit the
disposal or dilution of its interest, directly or indirectly in any subsidiary or other entity included in the Group (as defined in the Restated Articles), acquire shares in any such company (other than pursuant to any equity investment in a
wholly-owned subsidiary) or dispose of any shares in any such company; 
 (viii) grant or agree to grant to any third person
the right to manufacture, produce, assemble, market, sell, charge, encumber or otherwise license the intellectual property or proprietary rights owned or otherwise controlled by any Group Company other than in the ordinary course of business;

 (ix) materially change the accounting standard, policy or reporting policies (provided that any such change must
comply with generally accepted accounting principles in the United States applied on a consistent basis), appoint or change the auditors, alter its financial year end, or adopt the annual accounts; 

(x) effect any of the following events: (i) any consolidation, amalgamation, merger, any other corporate reorganization or change
of control, or enter into any transaction in which all or substantially all of the assets or business are sold or transferred, or any investment or disposition with respect to any Group Company or its assets; or (ii) a sale of all or
substantially all of the assets of the Company, including by means of an exclusive licensing of all or substantially all of the assets and/or intellectual property to a third party or similar arrangements, the effect of which is the disposition of
all or substantially all of any Group Company’s assets; 
 (xi) agree to take any of the actions set forth in the
foregoing clauses (i) through (x). 
 In furtherance of the foregoing, the Company will not (either directly or indirectly), without the
appropriate vote of the shareholders, through any reorganization, recapitalization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or
performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of Section 2.3(a) and in the taking of all such action as may be
necessary or appropriate in order to protect the voting rights of the holders of Ordinary Shares, as set forth herein against impairment. 
 (b) Matters Requiring Special Board Approval. The prior written consent of or approval by at least one Baidu Director and at least one director other than a Baidu Director (to the extent
there are any) shall be required for such actions with respect to the Company and/or any other Group Company, as the case may be, as set forth in Article 77 of the Restated Articles. 

(c) Board Matters. The quorum necessary for transacting at any meeting of the Board of Directors or any committee thereof
shall include at least one Baidu Director and, in the case of a meeting of the Board of Directors, at least one Minority Shareholder Director (to the extent there are any). 

  
 4 

 2.4 Consistency with Restated Articles. Each Shareholder shall vote its Shares
or execute proxies or written consents, as the case may be, and to take all other actions necessary to ensure that the Restated Articles at all times (i) facilitate, and do not at any time conflict with, any provision of this Agreement and
(ii) permit each Shareholder to receive the benefits to which each such Shareholder is entitled under this Agreement. In the event of conflict between the provisions of this Agreement, on the one hand, and the Restated Articles, on the other
hand, each Shareholder shall vote its Shares or execute proxies or written consents, as the case may be, and to take all other actions necessary to amend the Restated Articles to remove such conflict. 

2.5 Vote for IPO. In the event the Board approves a Qualified IPO (as defined in the Restated Articles), each of the
Shareholders agrees to vote its Shares for and use commercially reasonable efforts to take all necessary actions to support the consummation of such Qualified IPO. 
 2.6 Legends. Each certificate representing Shares held by any Shareholder or any of their respective successors and assignees shall bear the following legend: 

“THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT BY AND AMONG THE COMPANY AND CERTAIN MEMBERS OF THE COMPANY (A COPY OF WHICH MAY BE
OBTAINED FROM THE COMPANY), AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON ACCEPTING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT.” 

2.7 Grant of Proxy. Upon the failure of any Shareholder to vote his/her/its Shares in accordance with the terms of
Article 1 and Section 2.2, 2.3, 2.4 or 2.5 of this Agreement, such Shareholder hereby appoints and constitutes a member of the Board who serves as a designee of such Shareholder pursuant to Section 1.1 hereof (for example, if such
Shareholder is a Minority Shareholder, then the proxy shall be one of the Minority Shareholder Directors) to, act pursuant to a duly authorized Board resolution as the attorney and proxy of such party (the “Attorney”) with the full
power of substitution and resubstitution, to the full extent of such Shareholder’s rights, with respect to all voting Shares of the Company owned by such Shareholder, which proxy (the “Proxy”) shall be not be revoked by such
Shareholder until this Agreement terminates pursuant to its terms or this Section 2.7 of this Agreement is amended to remove such Shareholder’s grant of proxy in accordance with Section 4.3 hereof, to vote all Shares then held by such
Shareholder in the manner provided in Article 1 and Sections 2.2, 2.3, 2.4 or 2.5 hereof. The parties agree that the Proxy is intended to secure an interest in property and each Shareholder’s obligations under this Agreement. Each Shareholder
hereby ratifies and confirms, and agrees to ratify and confirm, any acts and other things whatsoever that the Attorney shall do or purport to do by virtue of the Proxy; provided that the Attorney shall exercise the powers conferred by the
Proxy within the parameters of such restrictions as may be imposed on such exercise by, and in all respects in accordance with, the provisions of this Agreement. Each Shareholder hereby authorizes and empowers the Attorney to acknowledge in the name
of and as the act and deed of the Shareholder the Proxy and to register and record the Power of Attorney in any office and/or registry in any country and to procure to be done any and every other act and thing whatsoever which may in any way be
necessary, advisable, convenient or otherwise desirable for authenticating and otherwise giving full effect to the Proxy according to the law and usages of any country as fully and effectually as could the Shareholder. 

  
 5 

 2.8 Specific Enforcement. It is agreed and understood that monetary damages
would not adequately compensate an injured party for the breach of this Agreement by any other party, that this Agreement shall be specifically enforceable, and that any breach or threatened breach of this Agreement shall be the proper subject of a
temporary or permanent injunction or restraining order. Further, each party hereto waives any claim or defense that there is an adequate remedy at law for such breach or threatened breach 

2.9 Indemnification; Reimbursement. The Company and each member of the Board elected pursuant to this Agreement shall
execute an indemnification agreement in the form attached hereto as Exhibit C. The Company shall also reimburse the members of the Board (other than any employee of any Group Company (as defined in the Ordinary Shares Purchase Agreement)) for
all reasonable out-of-pocket expenses incurred in their service as members of the Board. 
 2.10 Grant of Limited Power of
Attorney. Baidu hereby appoints any Baidu Director and the Minority Shareholders hereby appoint any Minority Shareholder Director (together, the “Voting Agreement Representatives”), acting pursuant to a duly authorized Board
resolution as the true and lawful attorney-in-fact for and in the name of and on behalf of such party to (i) execute under hand, personal seal, as a deed, on behalf of and in the name of such party any Deed of Adherence executed by any person
in connection with its acquisition of Shares or (ii) execute any amendment of this Agreement pursuant to Section 4.3. The foregoing power of attorney is intended to secure an interest in property and, in addition, the obligations of the
parties under this Agreement. 
 3. Termination. 
 3.1 Termination Events. This Agreement shall terminate upon the earlier of: (a) the consummation of an Exit Event (as defined in the Restated Articles); or (b) the written
agreement of (i) the Company, (ii) Baidu and (iii) the holders of a majority in interest (by ownership percentage) of the Minority Shareholders. 
 3.2 Removal of Legend. At any time after the termination of this Agreement in accordance with Section 3.1, any holder of a share certificate legended pursuant to Section 2.6 may
surrender such certificate to the Company for removal of the legend, and the Company will duly reissue a new certificate without the legend. 

4. Miscellaneous. 

4.1 Entire Agreement. This Agreement, together with the other Transaction Documents (as such term is defined in the
Ordinary Shares Purchase Agreement), constitute the entire agreement between the parties hereto pertaining to the subject matter hereof and thereof, and any and all other written or oral agreements relating to the subject matter hereof and thereof
existing between the parties hereto are expressly canceled. The Prior Agreement is hereby amended and restated in its entirety and shall be of no further force and effect. 

  
 6 

 4.2 Successors and Assigns. The terms and conditions of this Agreement shall
inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and
assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 
 4.3 Amendments and Waivers. Any term hereof may be amended or waived only with the written agreement of the Company, Baidu and the holders of at least a majority in interest (by ownership
percentage) of the Minority Shareholders, provided, that any amendment or waiver that adversely affects any of the Minority Shareholders in a manner different from the other Minority Shareholders shall require the consent of such Minority
Shareholder; provided, further, that any amendment or waiver of a provision hereof requiring a certain percentage vote for approval shall require the written consent of holders of at least such percentage vote. Any amendment or waiver
effected in accordance with this Section 4.3 shall be binding upon the parties hereto and each of their respective successors and assigns. 
 4.4 Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient on the date of delivery, when delivered personally or by overnight courier
or sent by email, telegram or fax, or 48 hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such party’s address, email address or fax number as set forth
below on the signature page or on Exhibit A hereto, or as subsequently modified by written notice. 
 4.5
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable
and enforceable replacement for such provision, then (a) such provision shall be excluded from this Agreement, (b) the balance of the Agreement shall be interpreted as if such provision were so excluded and (c) the balance of the
Agreement shall be enforceable in accordance with its terms. 
 4.6 Governing Law. This Agreement and all acts and
transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the Cayman Islands, without giving effect to principles of conflicts of law. 

4.7 Counterparts. This Agreement may be executed in two or more, counterparts, each of which shall be deemed an original
and all of which together shall constitute one instrument. 
 4.8 Titles and Subtitles. The titles and subtitles
used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 

  
 7 

 4.9 No Liability for Election of Recommended Directors. Neither the Company,
any Shareholder, nor any officer, director, shareholder, partner, employee or agent of any such party, makes any representation or warranty as to the fitness or competence of the nominee of any party hereunder to serve on the Board by virtue of such
party’s execution of this Agreement or by the act of such party in voting for such nominee pursuant to this Agreement. 

4.10 Aggregation of Shares. All shares held or acquired by affiliated entities (including affiliated venture funds) or
persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
 4.11
Assignment of Rights. Notwithstanding anything to the contrary in this Agreement, the rights of each Shareholder in this Agreement may be assigned by such Shareholder, in connection with any transfer of all of the Ordinary Shares held
by such Shareholder pursuant to and in accordance with the Transfer of Shares Agreement dated as of the date hereof among the Company, Baidu and the Shareholders party thereto, without any amendment of this Agreement or any consent or approval of
any party hereto. Notwithstanding the forgoing, Baidu may not transfer or assign its rights under this Agreement to any party other than its affiliated entities, unless Baidu shall have provided notice of such transfer or assignment to the
Holders’ Indemnification Representative (as defined in the Transaction Framework Agreement dated as of June 24, 2011 among the Company, Baidu, the Key Shareholders and any other parties thereto) at least 60 days prior to the closing of
such transfer or assignment. 
 4.12 Share Splits, Share Dividends, etc. In the event of any issuance of shares of
the Company’s voting securities hereafter to any of the parties hereto (including, without limitation, in connection with any share split, share dividend, recapitalization or the like), such shares shall become subject to this Agreement and
shall be endorsed with the legend set forth in Section 2.6. 
 4.13 Dispute Resolution. 

(a) Negotiation Between Parties; Mediations. The parties agree to negotiate in good faith to resolve any dispute between
them regarding this Agreement. If the negotiations do not resolve the dispute to the reasonable satisfaction of both parties, then each party that is a company shall nominate one authorized officer as its representative. The parties or their
representatives, as the case may be, shall, within 30 days of a written request by either party to call such a meeting, meet in person and shall attempt in good faith to resolve the dispute. If the disputes cannot be resolved by such senior managers
in such meeting, the parties agree that they shall, if requested in writing by either party, meet within 30 days after such written notification for one day with an impartial mediator and consider dispute resolution alternatives other than formal
arbitration. If an alternative method of dispute resolution is not agreed upon in the one day mediation, either party may begin formal arbitration proceedings to be conducted in accordance with subsection (b) below. This procedure shall be a
prerequisite before taking any additional action hereunder. 

  
 8 

 (b) Arbitration. In the event the parties are unable to settle a dispute
between them regarding this Agreement in accordance with subsection (a) above, such dispute shall be referred to and finally settled by arbitration at the Hong Kong International Arbitration Centre in accordance with the UNCITRAL Arbitration
Rules (“UNCITRAL Rules”) in effect, which rules are deemed to be incorporated by reference into this subsection (b), subject to the following: (i) the arbitration tribunal shall consist of three arbitrators to be appointed
according to the UNCITRAL Rules; and (ii) the language of the arbitration shall be English. The prevailing party shall be entitled to reasonable attorney’s fees, costs and necessary disbursements in addition to any other relief to which
such party may be entitled. 
 [Signature Pages Follow] 

  
 9 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
 COMPANY: 

QUNAR CAYMAN ISLANDS LIMITED 
  

											
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ Frederick Michael Demopoulos

		 		 		 		 	Name:	 	 Frederick Michael Demopoulos

		 		 		 		 	Title:	 	 CEO

 Address: Room 1602-1606, Tower B, China Electric Plaza, No.3 Danling Street, Haidian District,
Beijing, 100080, PRC 
 Facsimile: 8610-57603530 

E-mail Address: ir@qunar.com 
 Date: July 20, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
 BAIDU: 

BAIDU HOLDINGS LIMITED 
  

											
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ Robin Li

		 		 		 		 	Name:	 	Robin Li
		 		 		 		 	Title:	 	Director

 Address: 
 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 c/o Hesong Tang 
 No. 10 Shangdi 10th Street 

Haidian District 
 Facsimile: +86-10-59920022 
 E-mail Address: tanghesong@baidu.com 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

							
	MINORITY SHAREHOLDERS:	 		 		 	
				
	FREDERICK DEMOPOULOS	 		 		 	
				
	Executed as a deed:	 		 		 	
				
	 /s/ Frederick Demopoulos
	 		 		 	

 Address: 
 17 F1, Viva Plaza, Building 18, Yard 29, Suzhou Street 
 Haidian District,
Beijing, China 100080 
 Date: July 9, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

Tenaya Capital V, LP (f/k/a/ Lehman Brothers Venture Partners V L.P.) 

Executed as a deed: 
 By: Tenaya Capital V GP, LP 
 Its: General Partner 

By: Tenaya Capital V GP, LLC 

											
	Its: General Partner	 		 		 		 	
				
		 		 	By:	 	 /s/ Ben Boyer

		 		 		 		 	Name:	 	 Ben Boyer

		 		 		 		 	Title:	 	 Managing Director

 Tenaya Capital V-P, LP (f/k/a/ Lehman Brothers Venture Partners V-P L.P.) 

Executed as a deed: 
 By: Tenaya Capital V GP, LP 
 Its: General Partner 

By: Tenaya Capital V GP, LLC 

											
	Its: General Partner	 		 		 		 	
				
		 		 	By:	 	 /s/ Benjamin Boyer

		 		 		 		 	Name:	 	Benjamin Boyer
		 		 		 		 	Title:	 	Managing Director

 Address:  
 2965 Woodside Road, Suite A 
 Woodside, CA 94062 

Date: July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

GSR Ventures I, L.P. 
 Executed as a deed: 
  

									
	By:	 	 GSR Partners I, L.P.
 Its
General Partner
	 		 		 	
					
	By:	 	 GSR Partners I, Ltd.
 Its
General Partner
	 		 		 	
					
		 		 		 	By:	 	 /s/ Richard Lim, affixed with corporate seal of GSR Partners I, Ltd.

		 		 		 		 	Authorized Signatory

 GSR Principals Fund I, L.P. 

Executed as a deed: 
  

									
	By:	 	 GSR Partners I, L.P.
 Its
General Partner
	 		 		 	
					
	By:	 	 GSR Partners I, Ltd.
 Its
General Partner
	 		 		 	
					
		 		 		 	By:	 	 /s/ Richard Lim, affixed with corporate seal of GSR Partners I, Ltd.

		 		 		 		 	Authorized Signatory

 Address: 
 101 University Ave, 4th Floor 
 Palo Alto, CA 94301 

Date: July 6, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

Mayfield XII, 
 a Delaware Limited Partnership 
 Executed as a deed: 

 

									
	 By: Mayfield XII Management, L.L.C.,
 a Delaware limited liability company
 Its: General Partner
	 		 		 	
					
		 		 		 	By:	 	 /s/ Raj Kapoor

		 		 		 		 	Its: Managing Director

 Mayfield Principals Fund XII, 

a Delaware Multiple Series LLC 
 Executed as a deed: 
  

									
	 By: Mayfield XII Management, L.L.C.,
 a Delaware limited liability company
 Its: Managing Director
	 		 		 	
					
		 		 		 	By:	 	 /s/ Raj Kapoor

		 		 		 		 	Its: Managing Director

 Mayfield Associates Fund XII, 

a Delaware Limited Partnership 
 Executed as a deed: 
  

									
	 By: Mayfield XII Management, L.L.C.,
 a Delaware limited liability company
 Its: General Partner
	 		 		 	
					
		 		 		 	By:	 	 /s/ Raj Kapoor 

		 		 		 		 	Its: Managing Director

 Address: 
 c/o Mayfield Fund 
 Attn: Raj Kapoor 

2800 Sand Hill Road, Suite 250, Menlo Park, CA 94025 USA 
 Date: July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

Granite Global Ventures III L.P. 
 Executed as a deed: 
  

									
	By: Granite Global Ventures III L.L.C., its General Partner
					
		 		 		 	By:	 	 /s/ Jixun Foo

		 		 		 		 	Jixun Foo
		 		 		 		 	Managing Director

 GGV III Entrepreneurs Fund L.P. 

Executed as a deed: 
  

									
	By: Granite Global Ventures III L.L.C., its General Partner
					
		 		 		 	By:	 	 /s/ Jixun Foo

		 		 		 		 	Jixun Foo
		 		 		 		 	Managing Director

 Address: 
 2492 Sand Hill Road Suite 100, 
 Menlo Park, CA 94025 U.S.A. 

Date: July 20, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
 MINORITY SHAREHOLDERS: 

KERUBIM CAPITAL CORPORATION 
  

											
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ LIN, Jen-Pung

		 		 		 		 	Name:	 	LIN, Jen-Pung
		 		 		 		 	Title:	 	Director

 Address: 
 

 
 (293 JiangNing Rd, #12C, Shanghai, China 200041) 

Date: July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE A TT ACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 	
		
	FOO, TEE KENG	 	
		
	Executed as a deed:	 	
				
	 /s/ FOO, Tee Keng
	 		 		 	
		
	Address:	 	
		
	245 Orchard Boulevard #08-03 Orchard Bel-Air Singapore 248648	 	
					
	Date:	 	July 9, 2011	 		 		 	

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

											
	MINORITY SHAREHOLDERS:	 		 		 		 	
					
	FORLONGWIZ HOLDINGS LIMITED	 		 		 		 	
					
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ ZHUANG, Chenchao

		 		 		 		 	Name:	 	ZHUANG, Chenchao
		 		 		 		 	Title:	 	President

 Address: 
 17 FI, Viva Plaza, Building 18, Yard 29, Suzhou Street 
 Haidian District, Beijing,
China 100080 
 Date: July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 		 		 		 	
					
	G & H Partners	 		 		 		 	
					
	Executed as a deed:	 		 		 		 	
				
		 		 	By:	 	 /s/ Jonathan Gleason

		 		 		 	Name:	 	Jonathan Gleason
		 		 		 	Title:	 	 Partner

 Address: 
 1200 Seaport Blvd. 
 Redwood City, CA 94063 

Date: July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The patties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 		 	
				
	KHOO, DOUGLAS	 		 		 	
				
	Executed as a deed:	 		 		 	
				
	 /s/ Douglas Khoo
	 		 		 	
				
	Address:	 		 		 	
				
	4/F, No. 16 Pokfield Road, Pokfulam, Hong Kong	 		 		 	
				
	Email: douglas@qunar.com	 		 		 	
					
	Date:	 	July 10, 2011	 		 		 	

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

											
	MINORITY SHAREHOLDERS:	 		 	
					
	Mediaway Investments Limited	 		 		 		 	
					
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ Chris Reitermann

		 		 		 		 	Name:	 	Chris Reitermann
		 		 		 		 	Title:	 	Director

 Address: 
 Flat 16A Jing An Eslite Tower 
 No. 435 Haifang Road, 

Jing An District 

Shanghai 20040 

China 
 Date:
July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

											
	MINORITY SHAREHOLDERS:	 		 		 		 	
					
	Traveltech Investment Inc.	 		 		 		 	
					
	Executed as a deed:	 		 		 		 	
					
		 		 		 	By:	 	 /s/ David Wu

		 		 		 		 	Name:	 	David Wu
		 		 		 		 	Title:	 	Director

 Address: 
 17 F1, Viva Plaza, Building 18, Yard 29, Suzhou Street 
 Haidian District, Beijing,
China 100080 
 Date: July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 		 	
				
	ELAINE GAR YEE WONG	 		 		 	
				
	Executed as a deed:	 		 		 	
				
	 /s/ Elaine Gar Yee Wong
	 		 		 	

 Address: 
 3rd Floor, Block C, 9 Conduit Road, Hong Kong 
 Date: July 10, 2011

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 THE UNDERSIGNED AUTHORIZES THIS SIGNATURE PAGE TO BE ATTACHED TO THE EXECUTION VERSION OF
THE AMENDED AND RESTATED VOTING AGREEMENT DATED IN OR ABOUT JULY 2011. 
 The parties hereto have executed this Amended and
Restated Voting Agreement as a deed as of the date first written above. 
  

									
	MINORITY SHAREHOLDERS:	 		 	
				
	TONG, MICHAEL SUI BAU	 		 		 	
				
	Executed as a deed:	 		 		 	
				
	 /s/ Michael Sui Bau Tong
	 		 		 	

 Address: 
  

 
 Date: July 11, 2011 

  
 [SIGNATURE PAGE TO VOTING AGREEMENT] 

 EXECUTION VERSION 

EXHIBIT A 

LIST OF KEY SHAREHOLDERS 

Frederick Demopoulous 
 Elaine Gar Yee Wong

 Forlongwiz Holdings Limited 
 Douglas
Khoo 
 GSR Ventures I, L.P. 
 GSR
Principals Fund I, L.P 
 Mayfield XII, a Delaware Limited Partnership 
 Mayfield Principals Fund XII, a Delaware Multiple Series LLC 
 Mayfield Associates Fund XII, a
Delaware Limited Partnership 
 Tenaya Capital V L.P. 
 Tenaya Capital V-P, L.P 
 Michael Tong Sui Bau 

G&H Partners 
 Granite Global Ventures III
L.P. 
 GGV III Entrepreneurs Fund L.P. 

Traveltech Investment Inc. 

 EXECUTION VERSION 

EXHIBIT B 

DEED OF ADHERENCE TO 
 AMENDED AND RESTATED VOTING AGREEMENT 
 This Deed of Adherence (this
“Deed of Adherence”) is made as of the date written below by the undersigned (the “Joining Party”) and Voting Agreement Representatives, as attorneys-in-fact of the Existing Parties in accordance with the Amended
and Restated Voting Agreement dated as of July     , 2011, as the same may be amended from time to time (the “Voting Agreement”), among (i) Qunar Cayman Islands Limited, a Cayman Islands exempted company,
(ii) Baidu Holding Limited, a British Virgin Islands company, (iii) the Key Shareholders, and (iv) any other Shareholders party thereto (the parties referred to in clauses (ii)-(iv), the “Existing Parties”).
Capitalized terms used, but not defined, herein shall have the meaning ascribed to such terms in the Voting Agreement. 
 The
Joining Party hereby acknowledges, agrees and confirms that, by its execution and delivery of this Deed of Adherence, the Joining Party shall be deemed to be a party to the Voting Agreement as of the date hereof and shall have all of the rights and
obligations of a “Minority Shareholder” and “Shareholder” thereunder as if it had executed the Voting Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions
and conditions contained in the Investors’ Rights Agreement Agreement, the Voting Agreement, the Transfer of Shares Agreement and the Restated Articles. 
 This Deed of Adherence shall be governed by and construed in accordance with the laws of the Cayman Islands, without giving effect to principles of conflicts of laws, and any disputes will be subject to
the provisions of Section 4.13 of the Voting Agreement. 
 [Signature page follows] 

 EXECUTION VERSION 

IN WITNESS WHEREOF, the undersigned has executed this Deed of Adherence as a deed as of the date written below. 

Date:                  ,
         
  

									
		 		 		 	[NAME OF JOINING PARTY]
					
		 		 		 		 	 Executed as a deed:

					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
		 		 	Address for Notices:
				
		 		 		 	QUNAR CAYMAN ISLANDS LIMITED
					
		 		 		 		 	 Executed as a deed:

					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
				
		 		 		 	[                            
            ],
				
		 		 		 	[                            
            ],
					
		 		 		 		 	 for and on behalf of each Existing Party, as attorney-in-fact, executed as a deed:

					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

 EXECUTION VERSION 

EXHIBIT C 

INDEMNIFICATION AGREEMENT

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