Document:

EX-10.18

 Exhibit 10.18 

LOAN AGREEMENT 
 This Loan
Agreement (this “Agreement”), dated as of November 21, 2020, is made by and among Full Truck Alliance Co. Ltd. (the “Company”), an exempted company incorporated under the laws of the Cayman Islands with limited
liability, with its registered office at Vistra (Cayman) Limited, P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1 – 1205, Cayman Islands, WANG Gang, an individual holding passport of the PRC with the passport
number of ******** and Mesterywang Investments Limited (“Mesterywang”, together with WANG Gang, collectively as the “Borrowers” and each a “Borrower”). 

WHEREAS: 
 the Borrowers wish to
borrow from the Company, and the Company wishes to extend to the Borrowers, the Loan (as defined below) upon the terms and conditions set forth in this Agreement. 

The parties hereby agree as follows: 
  

	1.	 Loan. Subject to the terms and conditions of this Agreement, the Company shall make available to
the Borrowers a loan in the principal amount equal to US$200,000,000 (the “Loan”). 

  

	2.	 Advance. The Company shall make advance in the principal amount of the Loan in one lump sum on a
date (the “Advancement Date”) no later than the fifth (5th) business day after the satisfaction or waiver of the conditions set forth in Section 6 below.
At the Advancement Date, the Loan shall be advanced to the following account: 

 Beneficiary Bank: Bank Julius
Baer & Co. Ltd, Singapore 
 Beneficiary Account Name: Mesterywang Investments Limited 

Beneficiary Account No.: SG01770226-01 

SWIFT: BAERSGSG 
 BIC: BAERSGSG

 Bank Address:7 Straits View, #28-01, Marina One East Tower, Singapore 018936 

Corresponding Bank: 
 Citibank
N.A., New York (CITIUS33) acct 36325974 
 In favor of Bank Julius Baer & Co Ltd, Singapore (BAERSGSG) 

 

	3.	 Interest. The interest rate of the Loan is 1% per annum, calculated based on the actual
number of days elapsed in a 365-day year, and the interest accrues from the second anniversary of the date on which the Borrowers receive any of the Loan from the Company. 

 

	4.	 Maturity Date. The term of the Loan shall commence from the Advancement Date and end on
last date of a period of five (5) year starting from the Advancement Date (the “Maturity Date”). 

	5.	 Seniority and Share Charge. The Loan shall at all times constitute the absolute, unconditional,
direct and first-priority secured obligations of the Borrowers, senior in right and priority of payment to all other present and future indebtedness (actual or contingent) of the Borrowers. In order to secure the Loan, as a condition precedent to
the availability of the advance of the Loan, the Borrowers shall procure Truck Work Logistics Information Co. Ltd, a company incorporated under the laws of the British Virgin Islands and wholly owned by WANG Gang (“Truck Work”), to
pledge to the Company, such number of shares held by Truck Work in the Company (the “Charged Shares”) as calculated pursuant to the following formula, as adjusted for any share dividends, splits, combinations, recapitalizations or
similar events (the “Share Charge”): N = P/(V*90%), of which, “N” means the number of Charged Shares, “P” means the principal amount and aggregate interest to be accrued on the Loan, i.e.
$206,000,000, and “V” means the Per Share Fair Market Value of the Company. For purposes hereof, “Per Share Fair Market Value” of the Company means: (i) if the Company has not consummated an initial public
offering, the per share price of the equity securities issued by the Company in its latest equity financing as of the date of enforcement of the Share Charge, or (ii) if the Company has consummated an initial public offering, the closing price
of the Company’s shares in the trading day immediately preceding the date of enforcement of the Share Charge. The Borrowers acknowledge and agree that, as of the date of this Agreement, the Charged Shares shall be 398,508,891 Series A-5 Preferred Shares held by Truck Work in the Company. The Loan shall at all times be secured by the charge of the Charged Shares on a first priority basis pursuant to the Share Charge. 

 

	6.	 Conditions Precedent to Advancement of the Loan. Advancement by the Company of the Loan to the
Borrowers shall be subject to the satisfaction or waiver of the following conditions: 

  

	 	(a)	 WANG Gang and Truck Work have entered into a share charge with the Company with respect to the Share Charge in
substantially the form attached hereto as Exhibit A (the “Share Charge”), and Clauses 3.1 and 3.2of the Share Charge have been complied with; 

 

	 	(b)	 All representations and warranties of the Borrowers under this Agreement shall be true and accurate in all
respects. 

  

	7.	 Repayment. The Borrowers shall repay the Loan in full on the Maturity Date. The Borrowers may
prepay any part of the Loan with mutual agreement among the Company and the Borrowers. 

  

	8.	 Representations. The Borrowers hereby jointly and severally represent and warrant to the Company
(i) WANG Gang is not a minor and is of legal age to enter into and be bound by the provisions of this Agreement, the Share Charge and any other document entered into in connection therewith; (ii) WANG Gang is of sound mind;
(iii) Mesterywang is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation; (iv) no order has been made or receiver appointed in respect of Borrowers under the laws of any
jurisdiction nor has any step or procedure been taken in any jurisdiction which would restrict his/it ability or legal capacity to enter into this Agreement, the Share Charge, or any document entered into in connection therewith, or would require
the approval of a third party or an authority; (v) this Agreement constitutes a legal, valid and binding obligation of the Borrowers enforceable in accordance with its terms; and (vi) the entry into and performance (including any
application of proceeds of sums drawn down under the Loan) of this Agreement by the Borrowers, and the transactions contemplated by this Agreement do not and will not conflict with any law applicable to the Borrowers, or any agreement or other
instrument to which any of the Borrowers is a party or which is binding upon him. All the representations and warranties in this Section 8 are made by the Borrowers, on the date of this Agreement and are deemed to be made
by the Borrowers, on the Advancement Date and on the first day of each calendar month thereafter by reference to the facts and circumstances then existing. 

  
 2 

	9.	 Mandatory Prepayment. 

 

	 	(a)	 The Loan shall become immediately due and payable, and the Share Charge shall become enforceable in accordance
with its terms, upon the occurrence of any of the following events: (i) the Borrowers’ failure to pay any sum due under this Agreement, (ii) the Borrowers’ failure to perform or observe any covenant, agreement, undertaking or
provision to be performed or observed by the Borrowers under this Agreement or the Share Charges, unless such failure (if curable) shall be cured to the satisfaction of the Company within thirty (30) days after the notice thereof by the Company
to the Borrowers, (iii) any representations, warranty or statement made or repeated in, or in connection with, this Agreement by or on behalf of the Borrowers hereunder or in connection herewith being incorrect when made or deemed to be
repeated, (iv) either this Agreement or the Share Charge ceasing for any reason (other than scheduled termination thereof in accordance with its terms) to be enforceable in accordance with its terms or in full force and effect,
(v) commencement by any Borrower of a voluntary case under any bankruptcy code or occurrence of any bankruptcy or similar event of any Borrower, or consent by any Borrower to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of such Borrower or for any substantial part of its or his property. 

  

	 	(b)	 The Company may proceed to protect and enforce its rights by suit in equity action at law and/or other
appropriate proceeding, either for specific performance of any covenant or condition contained in this Agreement or any security document with respect to the Loan, or in aid of the exercise of any power granted in this Agreement or such other
security document. The Company may proceed to enforce payment of the Loan in such manner as it may elect and to realize upon any and all rights in the Charged Shares. 

 

	10.	 Set-Off. The Company may elect to set off any payment
obligation owed to it or its Affiliates by the Borrowers (including without limitation any repayment obligation of the Borrowers owed to the Company with respect to the Loan under this Agreement) hereunder against any obligation owed by the Company
or its Affiliates to the Borrowers. 

  

	11.	 Governing Law. This Agreement shall be governed by and construed under the Laws of Hong Kong,
without regard to principles of conflict of Laws thereunder. 

  
 3 

	12.	 Dispute Resolution. 

 

	 	(a)	 Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this
Agreement, or the interpretation, breach, termination, validity or invalidity thereof, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with
written notice (the “Arbitration Notice”) to the other. 

  

	 	(b)	 The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the
“HKIAC”) under the UNCITRAL Arbitration Rules in force when the Arbitration Notice is submitted, as modified by the HKIAC Procedures for the Administration of Arbitration under the UNCITRAL Arbitration Rules and as may be amended by
the rest of this Section 14. The arbitration tribunal shall consist of three (3) arbitrators to be appointed by the HKIAC. 

  

	 	(c)	 The arbitration shall be conducted in English. Each party to the arbitration shall cooperate with each other
party to the arbitration in making full disclosure of and providing complete access to all information and documents requested by such other party in connection with such arbitral proceedings, subject only to any confidentiality obligations binding
on such party. 

  

	 	(d)	 The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing
party may apply to a court of competent jurisdiction for enforcement of such award. 

  

	 	(e)	 The arbitral tribunal shall decide any Dispute submitted by the parties to the arbitration strictly in
accordance with the substantive Laws of Hong Kong (without regard to principles of conflict of Laws thereunder) and shall not apply any other substantive Law. 

 

	 	(f)	 Any party to the Dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court
of competent jurisdiction pending the constitution of the arbitral tribunal. 

  

	 	(g)	 During the course of the arbitral tribunal’s adjudication of the Dispute, this Agreement shall continue to
be performed except with respect to the part in dispute and under adjudication. 

  

	13.	 Waiver. To the extent that such waiver is not prohibited by the provisions of applicable law that
cannot be waived, the Borrowers hereby expressly waives: (i) all presentments, demands for performance, notices of nonperformance (except to the extent required by this Agreement or the Share Charges), protests, notices of protest and notices
of dishonor; (ii) any requirement of diligence or promptness on the part of the Company in the enforcement of its rights under this Agreement or the Share Charges; (iii) any and all notices of every kind and description which may be
required to be given by any statute or rule of law; and (iv) any defense (other than indefeasible payment in full) which it may now or hereafter have with respect to its liability under this Agreement or the Share Charges. No delay or omission
by the Company in exercising any right under this Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a
bar or waiver of any right on any other occasion. 

  
 4 

	14.	 Expense. The Borrowers shall pay all costs and expenses of every kind incurred in connection with
any proceedings to collect any liabilities now or hereafter evidenced by this Agreement, including attorney fees. 

  

	15.	 Cumulative Rights. Each and all of the various rights, powers and remedies of a party under this
Agreement and under the Share Charges will be considered to be cumulative with and in addition to any other rights, powers and remedies which such party may have at Law or in equity in the event of the breach of any of the terms of this Agreement by
the other party hereto. The exercise or partial exercise of any right, power or remedy will neither constitute the exclusive election thereof nor the waiver of any other right, power or remedy available to such party. 

 

	16.	 Indemnity. 

 

	 	(a)	 In the event of any breach by the Borrowers under this Agreement, the Borrowers shall assume full liability
for, and agrees to and shall indemnify the Company and its directors, employees, assigns and transferees (each, an “Indemnitee”) against and from, any and all indemnifiable losses directly or indirectly incurred or suffered by such
Indemnitee as a result of, or based upon or arising from such breach by the Borrowers or any action taken or to be taken by the Company under this Agreement or the preservation or enforcement, or attempted preservation or enforcement, by the Company
of any of its rights or remedies under this Agreement; provided that the Borrowers shall not be liable for any indemnifiable losses in the event and to the extent that such indemnifiable losses arise as a result of such Indemnitee’s fraud or
willful misconduct; 

  

	 	(b)	 Notwithstanding the foregoing, if the Borrowers fails to fully repay the Loan and all interest accrued thereon
on or before the Maturity Date, the Company shall be entitled to enforce the Share Charges by selling such Charged Shares at their market price to any third parties and apply the proceeds obtained from such sale against the debt owed by the
Borrowers to the Company; if 90% of the then market value of Charged Shares are insufficient to cover the total amount of the outstanding Loan and interest accrued thereon, the Borrowers shall pledge additional shares it held directly or indirectly
in the Company, to the Company, so that 90% of the then market value of the Charged Shares plus the additional pledged shares are not lower than the total amount of the outstanding Loan and interest accrued thereon. 

 

	17.	 Assignment. The Borrowers shall not assign, transfer, mortgage or pledge any of its rights or
obligations hereunder without the prior written consent of the Company. This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted assigns and successors. 

  
 5 

	18.	 Amendment. This Agreement may not be amended, modified or supplemented except by a written
instrument executed by each party hereto. Notwithstanding the foregoing, for the purpose of the initial public offering of the Company, to the extent required by applicable listing rules, the Borrowers shall promptly cooperate with the Company to
make adjustments as the Company deem necessary, including but not limited to the Loan becoming immediate due and payable, to the arrangements of the Loan contemplated under this Agreement as well as the Share Charges for the interests of the Company
and its then shareholders as a whole.. 

  

	19.	 No Presumption. The Borrowers acknowledges that he/it has carefully read and considered all of
the terms and conditions of this Agreement and has been given appropriate opportunities to seek independent legal advice. The parties hereby acknowledge that any applicable Law that would require interpretation of any claimed ambiguities in this
Agreement against the party that drafted it has no application and is expressly waived. If any claim is made by a party hereto relating to any conflict, omission or ambiguity in the provisions of this Agreement, no presumption or burden of proof or
persuasion will be implied because this Agreement was prepared by or at the request of any party hereto or its or his counsel. 

  

	20.	 Severability. In case any provision of the Agreement shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. If, however, any provision of this Agreement shall be invalid, illegal, or unenforceable under any such applicable Law in any
jurisdiction, it shall, as to such jurisdiction, be deemed modified to conform to the minimum requirements of such Law, or, if for any reason it is not deemed so modified, it shall be invalid, illegal, or unenforceable only to the extent of such
invalidity, illegality, or limitation on enforceability without affecting the remaining provisions of this Agreement, or the validity, legality, or enforceability of such provision in any other jurisdiction. 

 

	21.	 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument. Facsimile and e-mailed copies of signatures shall be deemed to be originals for purposes of the effectiveness of this
Agreement. At the request of any party hereto, the other party will re-execute original forms thereof and deliver them to the requesting party. No party hereto will raise the use of electronic delivery
(including by means of facsimile machine or electronic mail) to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of electronic delivery as a defense to the formation of a
contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity. 

[The remainder of this page is intentionally left blank.] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have executed, or have caused their duly authorized representatives
to execute, this Agreement as of the date first written above. 
  

			
	Company:
	
	FULL TRUCK ALLIANCE CO. LTD.
		
	By:	 	 /s/ Zhang Hui
  

		 	Name:
		 	Title:

  
 [Signature Page to Loan
Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed, or have caused their duly authorized representatives
to execute, this Agreement as of the date first written above. 
  

			
	Borrowers:
	
	 /s/ WANG Gang

	WANG Gang

  

					
	Mesterywang Investments Limited
		
	By:	 	 /s/ Wang Gang

		 	Name:	 	Wang Gang
		 	Title:	 	Director

  
 [Signature Page to Loan
Agreement] 

 Exhibit A 

Share ChargeEX-10.19

 Exhibit 10.19 

CHARGE OVER SHARES 
 IN

 FULL TRUCK ALLIANCE CO. LTD., 

November 21, 2020 

WANG Gang 
 (the
“Borrower”) 
 and 

Truck Work Logistics Information Co. Ltd 

(the “Chargor”) 

and 
 FULL TRUCK
ALLIANCE CO. LTD. 
 (the “Secured Party”) 

 This Charge is made on November 21, 2020 

Between: 
  

	(1)	 WANG Gang, a PRC citizen with Passport No. of ****** (the “Borrower”); 

 

	(2)	 Truck Work Logistics Information Co. Ltd, a company organized under the laws of the British Virgin Islands (the
“BVI”) (the “Chargor”); and 

  

	(3)	 FULL TRUCK ALLIANCE CO. LTD., an exempted company organized under the laws of the Cayman Islands (the
“Secured Party” or the “Company”). 

 Whereas: 

 

	(A)	 The Borrower owns all the shares of Chargor and is the sole beneficial owner of the Chargor;

  

	(B)	 Pursuant to the Loan Agreement (as defined below), the Secured Party has agreed to advance a loan of a certain
amount to the Borrower and his affiliate, Mesterywang Investments Limited, subject to the terms and conditions set out in the Loan Agreement. 

  

	(C)	 It is a condition precedent under the Loan Agreement that the Borrower and the Chargor enter into this Charge
over shares which are beneficially owned and held by the Chargor in the Company. 

 It is agreed as follows: 

 

	1	 Definitions and Interpretation 

 

	1.1	 In this Charge (except where the context otherwise requires) words and expressions not defined hereunder shall
have the same meanings assigned to them as defined in the Loan Agreement, and the following words and expressions shall have the following meanings: 

  

			
	 “Business Day”
	  	means any day which is not a Saturday or Sunday or a public holiday in the place at which the notice is left or sent;
		
	 “Charged Shares”
	  	means the Initial Shares (defined hereinafter) and all and any other shares, warrants and other securities of any kind (including loan capital) of the Company now or at any time in the future beneficially owned by the Borrower
and/or the Chargor and shall be charged pursuant to the Loan Agreement including:
		
		  	 (a)   all dividends, interest and other income paid or payable in relation to
any Initial Shares; and

  
 2 

			
		  	 (b)   all shares, securities, rights, monies or other property accruing, offered
or issued at any time by way of redemption, conversion, exchange, substitution, preference, option or otherwise in respect of any Initial Shares (including but not limited to proceeds of sale).

		
	 “Event of Default”
	  	means any breach under the Loan Agreement;
		
	 “Indebtedness”
	  	means any obligation for the payment or repayment of money in any currency, whether present or future, actual or contingent, joint or several, whether incurred as principal or surety or in any other way whatever, and including
principal, interest, commission, fees and other charges;
		
	 “Initial Shares”
	  	means the securities listed in Schedule 1 (as appropriately adjusted for share splits, share dividends, recapitalizations and the like) which are all registered in the name of the Chargor;
		
	 “Liability”
	  	means any liability, damage, loss, cost, claim or expense of any kind or nature, whether direct, indirect, special, consequential or otherwise under this Charge or under Loan Agreement;
		
	 “Loan”
	  	means the entire aggregate amount of principal of US$200,000,000 and accrued interests owed pursuant to the Loan Agreement;
		
	 “Loan Agreement”
	  	means the Loan Agreement dated November 21, 2020 entered into by and among the Company, the Borrower and Mesterywang Investments Limited;
		
	 “Receiver”
	  	has the meaning given to it in Clause 8;
		
	 “Secured Obligations”
	  	means all and any amounts of any kind now or in the future, actual or contingent, due or payable (or expressed to be due or payable) by the Borrower to the Secured Party in any currency, actually or contingently, solely and/or
jointly and/or severally with another or others as principal or surety on any account whatsoever under or in connection with the Loan Agreement or as a consequence of any breach, non-performance, disclaimer or
repudiation by Borrower of any of its obligations under the Loan Agreement or otherwise and references to the Secured Obligations include references to any part of them;
		
	 “Security Interest”
	  	means any mortgage, charge, pledge, lien, encumbrance, right of set off or any security interest, howsoever created or arising;

  
 3 

	1.2	 In this Charge: 

  

	 	(a)	 any reference to a Recital, Clause or Schedule is to the relevant Recital, Clause or Schedule of or to this
Charge; 

  

	 	(b)	 the clause headings are included for convenience only and shall not affect the interpretation of this Charge;

  

	 	(c)	 use of the singular includes the plural and vice versa; 

 

	 	(d)	 use of any gender includes the other gender; 

 

	 	(e)	 any phrase introduced by the terms “including”, “include”, “in particular” or any
similar expression shall be construed as illustrative and shall not limit the sense of the words preceding those terms; 

  

	 	(f)	 references to this Charge or any other document (including the Loan Agreement) or agreement are to be construed
as references to this Charge or such other document as varied in any manner from time to time, even if changes are made to the composition of the parties to this Charge or such other document or to the nature or amount of any facilities made
available under such other document; and 

  

	 	(g)	 indebtedness due, owing or incurred under the Loan Agreement shall include all moneys, obligations and
liabilities due, owing or incurred in respect of any variations or increases in the amount or composition of the facilities provided for therein or the obligations and liabilities imposed thereunder however fundamental. 

 

	1.3	 If any conflict arises between the covenants and undertakings in this Charge and the corresponding covenants
and undertakings in the Loan Agreement, the covenants and undertakings given in the Loan Agreement (other than any covenant or undertaking relating to the Security Interest granted to the Secured Party hereunder) shall prevail.

  
 4 

	1.4	 The Recitals and Schedules form part of this Charge and shall have effect as if set out in full in the body of
this Charge and any reference to this Charge includes the Recitals and Schedules. 

  

	2	 Security 

  

	2.1	 The Chargor hereby mortgages to the Secured Party by way of a first equitable mortgage as a continuing security
for the payment and discharge of the Secured Obligations, the Charged Shares, and the particulars of the number and allocation of the Initial Shares of the Chargor mortgaged to the Secured Party is set forth in Schedule 1 attached hereto.

  

	2.2	 The Chargor hereby charges to the Secured Party by way of first fixed charge as a continuing security for the
payment and discharge of the Secured Obligations, all its right, title, interest and benefit present and future in, to and under the Charged Shares. 

  

	2.3	 Any receipt, release or discharge of any Security Interest created by this Charge or of any Liability arising
under this Charge may be given by the Secured Party in accordance with the provisions of this Charge and shall not release or discharge the Chargor from any Liability owed to the Secured Party for the same or any other monies which may exist
independently of this Charge. Where such receipt, release or discharge relates to only part of the Secured Obligations, such receipt, release or discharge shall not prejudice or affect any other part of the Secured Obligations nor any of the rights
and remedies of the Secured Party under this Charge or under any Loan Agreement nor any of the obligations of the Chargor under this Charge or any Loan Agreement. 

 

	2.4	 Upon the unconditional and irrevocable payment or discharge of all Secured Obligations to the Secured Party,
the Secured Party shall upon request by the Chargor (at the Chargor’s cost) release the applicable Charged Shares from the security interests, discharge the obligations of the Chargor created by this Charge to the Secured Party, redeliver to
the Chargor the certificates as provided in Clause 3.1 and take other actions as may reasonably be necessary to release the applicable Charged Shares. Such release shall not prejudice the rights of the Secured Party under Clause 12.

  

	2.5	 Any release, discharge or settlement between the Chargor and the Secured Party shall be conditional upon no
security, disposition or payment to the Secured Party being void, set aside or ordered to be refunded pursuant to any enactment or law relating to liquidation or insolvency or for any other reason whatsoever and if such condition is not fulfilled
the Secured Party shall be entitled to enforce this Charge as if such release, discharge or settlement had not occurred and any such payment not been made. 

  
 5 

	3	 Covenants by the Chargor 

The Chargor covenants to the Secured Party that, for so long as any Secured Obligations owed to the Secured Party remain outstanding: 

 

	3.1	 it shall deliver or cause to be delivered to the Secured Party (on the date hereof) in form and substance
acceptable to the Secured Party: 

  

	 	(a)	 the original share certificate(s) in respect of the Initial Shares mortgaged to the Secured Party;

  

	 	(b)	 a blank, signed and undated transfer in respect of the Charged Shares mortgaged to the Secured Party in the
form set out in Schedule 2; 

  

	 	(c)	 a notice of equitable mortgage and/or charge addressed by the Chargor to the Company in the form set out in
Schedule 3; 

  

	 	(d)	 a shareholder proxy in favour of the Secured Party or its designated entity in the form set out in Schedule 4;

  

	3.2	 it shall immediately after the execution of this Charge, make all filings and registrations necessary in the
competent governmental authorities of the BVI for the legality, validity and enforceability of the security interests created pursuant to this Charge and immediately after such filings and registrations have been made, provide the Secured Party with
a stamped or certified true copy of the Register of Charges of the Chargor; 

  

	3.3	 it agrees that the Company may instruct its registered office provider to endorse a note of this Charge on the
Register of Members of the Company; 

  

	3.4	 it shall promptly pay (and shall indemnify the Secured Party on demand against) all calls, instalments and
other payments which may be made or become due in respect of the applicable Charged Shares and, in the event of default by the Chargor, the Secured Party may do so on behalf of the Chargor; 

 

	3.5	 it shall not, except with the prior written consent of the Secured Party: 

 

	 	(a)	 create, or agree or attempt to create, or permit to subsist over all or part of the applicable Charged Shares
(or any interest therein) any Security Interest or any trust over any of such Charged Shares whether ranking prior to, pari passu with or behind the security contained in this Charge; 

 

	 	(b)	 directly or indirectly, sell, assign, lease, license or sub-license,
grant any interest in the applicable Charged Shares or any interest therein or attempt or agree to surrender or so dispose (other than in accordance with this Charge); 

 

	 	(c)	 permit any person other than the Chargor or the Secured Party or the Secured Party’s nominee or nominees
to be registered as, or become the holder of, the applicable Charged Shares; 

  
 6 

	 	(d)	 vote in favour of a resolution to amend, modify or change the memorandum and articles of association of the
Company such that the applicable Charged Shares are consolidated, sub-divided or converted or any rights attached to them being varied; or 

 

	 	(e)	 exercise any voting or other rights in a way which may prejudice the value of the applicable Charged Shares or
otherwise jeopardise the security constituted by this Charge over them. 

  

	3.6	 it shall promptly forward to the Secured Party all material notices, reports, accounts and other documents
relating to the applicable Charged Shares which it may receive from time to time; 

  

	3.7	 it shall not take or accept any Security Interest from any third party, without first obtaining the Secured
Party’s written consent; 

  

	3.8	 unless directed in writing to do so by the Secured Party, it shall not prove in a liquidation or winding up of
the Company until all the Secured Obligations owed to the Secured Party are paid in full and if directed to prove by the Secured Party (or if the Chargor otherwise receives any payment or other benefit in breach of this Clause 3.10), the Chargor
shall hold all monies received by it on trust for the Secured Party to satisfy the Secured Obligations; and 

  

	3.9	 until all of the Secured Obligations owed to the Secured Party have been paid in full or otherwise discharged,
it shall not claim payment whether directly or by set-off, lien, counterclaim or otherwise of any amount which may be or has become due to the Chargor by the Company other than as contemplated and/or expressly
permitted by the Loan Agreement. 

  

	4	 Representations and Warranties 

The Borrower as the beneficial owner of the Chargor and the Chargor jointly represent and warrant to the Secured Party and undertake that: 

 

	4.1	 The Chargor, is the absolute owner of all of the Initial Shares free of all Security Interests, encumbrances,
trusts, equities and claims whatsoever (save those under this Charge) and that all of the Initial Shares are fully paid up; 

  

	4.2	 this Charge constitutes its legal, valid, binding and enforceable obligation and is a first priority security
interest over the Charged Shares effective in accordance with its terms; 

  

	4.3	 the execution, delivery, observance and performance by the Chargor of this Charge will not require the Chargor
to obtain any licences, consents or approvals and will not result in any violation of any law, statute, ordinance, rule or regulation applicable to it; 

  

	4.4	 it has obtained all the necessary authorisations and consents to enable it to enter into this Charge and the
necessary authorisations and consents will remain in full force and effect at all times during the subsistence of the security constituted by this Charge; and 

  
 7 

	4.5	 the execution, delivery, observance and performance by the Chargor of this Charge will not constitute an Event
of Default or trigger any enforcement under any Security Interest in the Chargor’s assets nor will it result in the creation of any Security Interest over or in respect of the present or future assets of the Company. 

 

	5	 Power of Attorney 

 

	5.1	 The Chargor, by way of security for the payment of the Secured Obligations and the performance of its
obligations under this Charge and the Loan Agreement, hereby irrevocably appoints the Secured Party (whether or not a Receiver or administrator has been appointed) and any Receiver separately to be its attorney (with full power to appoint
substitutes and to delegate) with power in its name and on its behalf, and as its act and deed or otherwise at any time and from time to time, to: 

  

	 	(a)	 sign, seal, execute, deliver and complete all transfers, renunciations, proxies, mandates, assignments, deeds
and documents and do all acts and things which the Secured Party may consider to be necessary or advisable to perfect or improve its security over the Charged Shares; 

 

	 	(b)	 give proper effect to the intent and purposes of this Charge; 

 

	 	(c)	 give any instruction under the rules and practices of any relevant system; 

 

	 	(d)	 enable or assist in any way in the exercise of any right or the enforcement thereof including any power of sale
of the Charged Shares (whether arising under this Charge or implied by statute or otherwise); and 

  

	 	(e)	 perform any other act of any description, 

which may be required of the Chargor under this Charge or may be deemed by such attorney necessary or desirable for any purpose of this Charge
or to constitute, enhance or perfect the security intended to be constituted by it or to convey or transfer legal ownership of the Charged Shares, provided that unless and until the occurrence of an Event of Default (and for so long as the same
continues) the Secured Party may not do anything pursuant to this appointment. 
  

	5.2	 The Chargor ratifies and confirms whatever any attorney does or purports to do pursuant to its appointment
under this Clause. 

  

	5.3	 All sums expended by the Secured Party or any Receiver under this Clause shall be recoverable from the Chargor
in accordance with the terms of this Charge. 

  
 8 

	6	 Event of Default 

 

	6.1	 the Chargor shall be entitled to receive and retain any and all dividends paid in respect of the Charged Shares
or any thereof. The Chargor shall forthwith following the occurrence of an Event of Default sign, seal, deliver and complete all transfers, renunciations, proxies, mandates, assignments, deeds and documents and do all acts and things which the
Secured Party may, in its absolute discretion, at any time and from time to time specify for enabling or assisting the Secured Party: 

  

	 	(a)	 to perfect or improve its title to and security over the applicable Charged Shares; 

 

	 	(b)	 to vest the applicable Charged Shares in the Secured Party or its nominee or nominees; 

 

	 	(c)	 to procure that the Secured Party or its nominee or nominees are registered in the Register of Members of the
Company in respect of the applicable Charged Shares; 

  

	 	(d)	 to exercise (or enable its nominee or nominees to exercise) any rights or powers attaching to the applicable
Charged Shares; 

  

	 	(e)	 to sell or dispose of the applicable Charged Shares; and/or 

 

	 	(f)	 otherwise to enforce any of the rights of the Secured Party under or in connection with this Charge.

  

	7	 Secured Party’s Rights as to Shares 

At any time after the occurrence of an Event of Default, the Secured Party shall, without prejudice to any other right or remedy available
hereunder or under applicable law, forthwith become entitled: 
  

	7.1	 to instruct the Chargor and the Chargor shall comply with such instruction to exercise all voting rights
attaching to the applicable Charged Shares or any thereof as the Secured Party may in their absolute discretion direct or may designate any other person to be a proxy of the Chargor to exercise such rights in such manner as the Secured Party may in
its absolute discretion determine; and/or 

  

	7.2	 solely and exclusively to exercise all rights and/or powers and/or discretions of the Chargor in, to and under
the applicable Charged Shares pursuant to the memorandum and articles of association of the Company; and/or 

  

	7.3	 to receive and retain all dividends and other distributions made on or in respect of the applicable Charged
Shares or any thereof and any such dividends and other distributions received by the Chargor after such time shall be held in trust by the Chargor for the Secured Party and be paid or transferred to the Secured Party on demand to be applied towards
the discharge of the applicable Secured Obligations; and/or 

  

	7.4	 without notice to, or further consent or concurrence by, the Chargor to sell the applicable Charged Shares or
any part thereof by such method, at such place and upon such terms as the Secured Party may in its absolute discretion determine, with power to postpone any such sale and in any such case the Secured Party may exercise any and all rights attaching
to the applicable Charged Shares as the Secured Party in its absolute discretion may determine and without being answerable for any loss occasioned by such sale or resulting from postponement thereof or the exercise of such rights, including but not
limited to the sale of the Charged Shares be pursuant to section 15 (b) of the Loan Agreement, and/or 

  
 9 

	7.5	 to date and deliver the documents delivered to the Secured Party pursuant to this Charge hereof as it consider
appropriate and to take all steps to register the applicable Charged Shares in the name of the Secured Party or its nominee or nominees and to assume control as registered owner of the applicable Charged Shares. 

 

	8	 Receiver 

  

	8.1	 At any time after the occurrence of an Event of Default, the Secured Party may by writing without notice to the
Chargor appoint one or more person or persons as the Secured Party think fit to be a receiver (the “Receiver”) in relation to the applicable Charged Shares. Where the Secured Party appoints two or more persons as Receiver, the
Receiver(s) may act jointly or independently. 

  

	8.2	 The Secured Party may remove any Receiver it appoints and appoint another person or other persons as Receiver
or Receivers, either in the place of a Receiver they have removed, or who has otherwise ceased to act, or to act jointly with a Receiver or Receivers. 

  

	8.3	 If at any time any two or more persons hold office as Receivers of the same assets or income, such Receivers
may act jointly and/or severally so that each one of such Receivers shall be entitled (unless the contrary is stated in any instrument(s) appointing them) to exercise all the powers and discretions hereby conferred on Receivers individually and to
the exclusion of the other or others of them. 

  

	8.4	 Every such appointment or removal, and every delegation, appointment or removal by the Secured Party in the
exercise of any right to delegate its powers or to remove delegates, may be made in writing under the hand of any officer of the Secured Party. 

  

	8.5	 Every Receiver shall have all the powers of the Secured Party who appoints him in this Charge and, without
prejudice to the foregoing, shall have the following powers: 

  

	 	(a)	 power to take possession of, collect and get in any of the applicable Charged Shares and, for that purpose, to
take such proceedings as may seem to him to be expedient; 

  

	 	(b)	 without notice to, or further consent or concurrence by, the Chargor to sell or otherwise dispose of any of the
applicable Charged Shares by such method, at such place and upon such terms as a Receiver may in its absolute discretion determine, with power to postpone any such sale and in any such case a Receiver may exercise any and all rights attaching to the
applicable Charged Shares as the Receiver in its absolute discretion may determine and without being answerable for any loss occasioned by such sale or resulting from postponement thereof or the exercise of such rights; 

  
 10 

	 	(c)	 power to raise or borrow money and grant security over any of the applicable Charged Shares;

  

	 	(d)	 power to appoint attorneys or accountants or other professionally qualified persons to assist him in the
performance of his functions; 

  

	 	(e)	 power to bring or defend any action or other legal proceedings in the name of and on behalf of the Chargor in
respect of the applicable Charged Shares; 

  

	 	(f)	 power to do all acts and execute in the name and on behalf of the Chargor any document or deed in respect of
the applicable Charged Shares; 

  

	 	(g)	 power to make any payment which is necessary or incidental to the performance of his functions, subject to
compliance with applicable law; 

  

	 	(h)	 power to make any arrangement or compromise on behalf of the Chargor in respect of the applicable Charged
Shares; 

  

	 	(i)	 power to rank and claim in the insolvency or liquidation of the Company and to receive dividends and to accede
to trust deeds for the creditors of the Company; 

  

	 	(j)	 power to present or defend a petition for the winding up of the Company; and 

 

	 	(k)	 power to do all other things incidental to the exercise of the foregoing powers. 

 

	8.6	 The Receiver shall be the agent of the Chargor and the Chargor shall be responsible for his acts and defaults
and liable on any contracts made, entered into or adopted by the Receiver. The Secured Party shall not be liable for the Receiver’s acts, omissions, negligence or default, nor be liable on contracts entered into or adopted by the Receiver.

  

	8.7	 Without prejudice to the Section 7.4 of this Agreement, in making any sale or other disposal of any of the
applicable Charged Shares in the exercise of their respective powers, the Receiver or the applicable Secured Party may accept by way of consideration for such sale or other disposal, cash, shares, loan capital or other obligations including, without
limitation, consideration fluctuating according to or dependent upon a profit or turnover and consideration the amount of which is to be determined by a third party. Any such consideration may be receivable in a lump sum or by instalments.

  

	8.8	 Every Receiver shall be entitled to remuneration for his services at a rate to be fixed by agreement between
him and the applicable Secured Party (or, failing such agreement, to be conclusively fixed by the applicable Secured Party) commensurate with the work and responsibilities involved upon the basis of charging from time to time adopted in accordance
with the current practice of such Receiver or his firm. 

  
 11 

	8.9	 To the fullest extent permissible under law, the Secured Party may exercise any right or power that the
Receiver the Secured Party appoints may exercise in relation to the enforcement of this Charge. 

  

	9	 Other powers exercisable by the Secured Party 

 

	9.1	 All powers of the Receiver conferred by this Charge may be exercised by the Secured Party who appoints such
Receiver after this Charge has become enforceable. 

  

	9.2	 The Secured Party shall have no Liability or responsibility to the Chargor arising out of the exercise or non-exercise of the powers conferred on them by this Clause. 

  

	9.3	 The Secured Party need not enquire as to the sufficiency of any sums received by them in respect of any debt or
claim so assigned to them or make any claim or take any other action to collect in or enforce them. 

  

	10	 Application of Monies by the Secured Party or a Receiver 

 

	10.1	 The Secured Party (and any Receiver) shall apply the monies received by them as a result of the enforcement of
the security: 

  

	 	(a)	 firstly, in payment or satisfaction of the expenses related to enforcement of this security (including without
limitation the fees and expenses of the Receiver); 

  

	 	(b)	 secondly, in meeting claims of the Secured Party in respect of the applicable Secured Obligations;

  

	 	(c)	 thirdly, in payment of the balance (if any) to the Chargor or persons entitled to it. 

 

	10.2	 No Secured Party shall be liable for any loss or damage occasioned by: 

 

	 	(a)	 any sale or disposal of the applicable Charged Shares or an interest in the applicable Charged Shares; or

  

	 	(b)	 the exercise, or failure to exercise, any of its powers under this Charge; or 

 

	 	(c)	 any neglect or default to pay any instalment or accept any offer or notify the Chargor of any such neglect or
default; or 

  

	 	(d)	 any other loss of whatever nature in connection with the applicable Charged Shares. 

 

	10.3	 The Secured Party may, at any time after demand and until the irrevocable and unconditional payment to the
Secured Party of all Secured Obligations owed to it, place and keep to the credit of a suspense account any money received or realised by the Secured Party by virtue of this Charge. The Secured Party shall have no intermediate obligation to apply
such money in or towards the discharge of any applicable Secured Obligations. 

  
 12 

	11	 Protection of the Secured Party and Receiver 

 

	11.1	 Neither the Secured Party nor any Receiver shall be liable in respect of any Liability which arises out of the
exercise or the attempted or purported exercise of, or the failure to exercise, any of their respective powers under or by virtue of this Charge, except if and insofar as such Liability results from its or his own gross negligence or wilful default.

  

	11.2	 Without prejudice to the generality of Clause 11.1, neither the Secured Party nor any Receiver shall be liable
to account as the Secured Party in possession or otherwise for any sum not actually received by they or them respectively. 

  

	12	 Continuing Security and Non-Merger 

 

	12.1	 The security constituted by this Charge shall be continuing and shall not be considered as satisfied or
discharged by any intermediate payment or settlement of the whole or any part of the Secured Obligations or any other matter or thing whatsoever and shall be binding until all the Secured Obligations have been unconditionally and irrevocably paid
and discharged in full. 

  

	12.2	 This Charge is in addition to and shall not merge with or otherwise prejudice or affect any banker’s lien,
right to combine and consolidate accounts, right of set-off or any other contractual or other right or remedy or any guarantee, lien, pledge, bill, note, charge or other security now or hereafter held by or
available to the Secured Party. 

  

	13	 Currency 

  

	13.1	 For the purpose of, or pending the discharge of, any of the Secured Obligations, the Secured Party may, in its
sole discretion, convert any moneys received, recovered or realised in any currency under this Charge (including the proceeds of any previous conversion under this Clause) from its existing currency of denomination into any other currency at such
rate or rates of exchange and at such time as the Secured Party thinks fit. 

  

	13.2	 No payment to the Secured Party (whether under any judgment or court order or otherwise) shall discharge the
Secured Obligations in respect of which it was made unless and until the Secured Party shall have received payment in full in the currency in which such Secured Obligations were incurred and, to the extent that the amount of any such payment shall
on actual conversion into such currency fall short of such Secured Obligations expressed in that currency, the Secured Party shall have a further separate cause of action against the Chargor and shall be entitled to enforce this Charge to recover
the amount of the shortfall. 

  

	14	 Costs 

The Chargor shall on demand and on a full indemnity basis pay to the Secured Party the amount of all costs and expenses and other liabilities
(including stamp duty, and legal and out of pocket expenses) which the Secured Party incurs in connection with: 
  

	 	(a)	 any actual or proposed amendment or waiver or consent under or in connection with this Charge; or

  
 13 

	 	(b)	 any discharge or release of this Charge; or 

 

	 	(c)	 the preservation or exercise (or attempted preservation or exercise) of any rights under or in connection with
and the enforcement (or attempted enforcement) of this Charge; or 

  

	 	(d)	 dealing with or obtaining advice about any matter or question arising out of or in connection with enforcing
the Secured Party’s exercise of its rights under this Charge. 

  

	15	 Variation and Amendment 

This Charge shall remain in full force and effect notwithstanding any amendments or variations from time to time of the Loan Agreement and no
variation of this Charge shall be valid unless it is in writing and signed by or on behalf of each of the parties. 
  

	16	 Assignment 

  

	16.1	 None of the Chargor and the Chargor may assign or transfer any of its rights, benefits or obligations hereunder
without the prior written consent of the Secured Party. 

  

	16.2	 The Secured Party is entitled to freely assign or otherwise transfer the whole or any part of its benefits,
rights and obligations of this Charge without the prior written consent of the Chargor, together with its rights, benefits and obligations under the Loan Agreement, and the expression “the Secured Party” wherever used herein shall be
deemed to include the assignees and other successors, whether immediate or derivative, of the Secured Party, who shall be entitled to enforce and proceed upon this Charge in the same manner as if named herein. The Secured Party shall be entitled to
disclose any information concerning the Chargor to any such assignee or other successor or any participant or proposed assignee, successor or participant. 

  

	17	 Currency Indemnity 

If, for any reason, any amount payable to the Secured Party by the Chargor under this Charge is paid or recovered in a currency other than that
in which it is required to be paid (the “contractual currency”), then, to the extent that the payment to the Secured Party (when converted into the contractual currency at its then applicable rate of exchange) falls short of the amount
payable in the contractual currency, the Chargor shall, as a separate and independent obligation, fully indemnify the Secured Party on demand against the amount of the shortfall. 

  
 14 

	18	 Forbearance, Severability and Consents 

 

	18.1	 All rights, powers and privileges under this Charge shall continue in full force and effect, regardless of the
Secured Party exercising, delaying in exercising or omitting to exercise any of them. 

  

	18.2	 No provision of this Charge shall be avoided or invalidated by reason only of one or more other provisions
being invalid or unenforceable. 

  

	18.3	 Any provision of this Charge which is or becomes illegal, invalid or unenforceable shall be ineffective only to
the extent of such illegality, invalidity and unenforceability, without invalidating the remaining provisions of this Charge. 

  

	18.4	 Save as otherwise expressly specified in this Charge, any consent of the Secured Party may be given absolutely
or on any terms and subject to any conditions as the Secured Party may determine in its entire discretion. 

  

	19	 Entire Agreement 

This Charge and the Loan Agreement constitute the entire agreement and understanding of the parties and supersedes any previous agreement
between the parties relating to the subject matter of this Charge. 
  

	20	 Further Assurance 

The Chargor shall promptly execute all documents and do all things that the Secured Party may specify for the purpose of: 

 

	 	(a)	 securing and perfecting its security over or title to all or any of the applicable Charged Shares; and/or

  

	 	(b)	 enabling the Secured Party to vest all or part of the applicable Charged Shares in its name or in the names of
its nominee(s), agent or any purchaser, 

 including the execution and delivery of all assignments, transfers, mortgages,
charges, notices, instructions and such other documents as the Secured Party may in its discretion think fit. 
  

	21	 Notices 

  

	21.1	 All notices, requests, demands, consents, instructions or other communications required or permitted hereunder
shall be in writing and faxed, mailed or delivered to each party at the respective addresses or facsimile number as furnished to each other in writing. All such notices and communications will be deemed effectively given the earlier of (i) when
received, (ii) when delivered personally, (iii) one (1) Business Day after being delivered by facsimile (with receipt of appropriate confirmation), (iv) one (1) Business Day after being deposited with an overnight courier service of
recognized standing or (v) four (4) days after being deposited by registered air mail with postage prepaid. 

  
 15 

	22	 Miscellaneous 

 

	22.1	 All sums payable by the Chargor under this Charge shall be paid without any set off, counterclaim, withholding
or deduction whatsoever unless required by law in which event the Chargor will simultaneously with making the relevant payment under this Charge pay to the Secured Party such additional amount as will result in the receipt by the Secured Party of
the full amount which would otherwise have been receivable and will supply the Secured Party promptly with evidence satisfactory to the Secured Party that the Chargor has accounted to the relevant authority for the sum withheld or deducted.

  

	22.2	 No delay or omission on the part of the Secured Party in exercising any right or remedy under this Charge shall
impair that right or remedy or operate as or be taken to be a waiver of them nor shall any single, partial or defective exercise of any such right or remedy preclude any other or further exercise under this Charge of that or any other right or
remedy. 

  

	22.3	 The Secured Party’s rights, powers and remedies under this Charge are cumulative and are not, nor are they
to be construed as, exclusive of any rights, powers or remedies provided by law or otherwise and may be exercised from time to time and as often as the Secured Party deems expedient. 

 

	22.4	 Any waiver by the Secured Party of any terms of this Charge or any consent or approval given by the Secured
Party under it shall be effective only if given in writing and then only for the purpose and upon the terms and conditions (if any) on which it is given. 

  

	22.5	 If at any time any one or more of the provisions of this Charge is or becomes illegal, invalid or unenforceable
in any respect under any law of any jurisdiction neither the legality, validity or enforceability of the remaining provisions of this Charge nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall
be in any way affected or impaired as a result. 

  

	22.6	 Any statement, certificate or determination of the Secured Party as to the Secured Obligations or (without
limitation) any other matter provided for in this Charge shall, in the absence of manifest error, be conclusive and binding on the Chargor. 

  

	23	 Law and Jurisdiction 

 

	23.1	 This Charge is governed by, and shall be construed in accordance with, the laws of the Cayman Islands.

  

	23.2	 The Chargor irrevocably agrees for the exclusive benefit of the Secured Party that any dispute, controversy or
claim arising out of, in connection with or relating to this Charge, including the interpretation, validity, invalidity, breach or termination thereof, shall be settled by arbitration. 

  
 16 

	 	(a)	 The arbitration shall be conducted in the Hong Kong Special Administrative Region of the PRC by the Hong Kong
International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force when the Arbitration Notice is submitted
in accordance with the HKIAC Rules. There shall be one (1) arbitrator. The HKIAC Council shall select the arbitrator, who shall be qualified to practice law in Hong Kong. 

 

	 	(b)	 The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with
the provisions of this Section 23.2(b), including the provisions concerning the appointment of the arbitrators, the provisions of this Section 23.2(b) shall prevail. 

 

	 	(c)	 Each party to the arbitration shall cooperate with each other party to the arbitration in making full
disclosure of and providing complete access to all information and documents requested by such other party in connection with such arbitral proceedings, subject only to any confidentiality obligations binding on such party. 

 

	 	(d)	 The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing
party may apply to a court of competent jurisdiction for enforcement of such award. 

  

	 	(e)	 Any party to the dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court
of competent jurisdiction pending the constitution of the arbitral tribunal. 

  

	 	(f)	 During the course of the arbitral tribunal’s adjudication of the dispute, this Charge shall continue to be
performed except with respect to the part in dispute and under adjudication. 

  

	24	 Confidentiality. 

 

	24.1	 Disclosure of Terms. The terms and conditions of the Loan Agreement (collectively, the “Financing
Terms”), including their existence, shall be considered confidential information and shall not be disclosed by any of the parties to any other person except in accordance with the provisions set forth below. 

 

	24.2	 Permitted Disclosures. Notwithstanding the foregoing, (i) each party may disclose any of the Financing
Terms to its current or bona fide prospective investors, employees, investment bankers, lenders, accountants and attorneys, in each case only where such persons are under appropriate nondisclosure obligations; and (ii) the Secured Party may
disclose any of the Financing Terms to their directors, officers and employees so long as such persons are under appropriate nondisclosure obligations. 

  
 17 

	24.3	 Legally Compelled Disclosure. In the event that any party is requested or becomes legally compelled (including
without limitation, pursuant to securities laws) to disclose the existence or content of any of the Financing Terms hereof in contravention of the provisions of this Section 24.3, such party (the “Disclosing
Party”) shall promptly provide the other parties with written notice of that fact so that such other parties may seek a protective order, confidential treatment or other appropriate remedy. In such event, the Disclosing Party shall furnish
only that portion of the information that is legally required and shall exercise reasonable efforts to obtain reliable assurance that confidential treatment will be given to such information to the extent reasonably requested by the other parties.

  

	24.4	 Other Exceptions. Notwithstanding any other provision of this Section 24.4, the
confidentiality obligations of the parties shall not apply to: (i) information which a restricted party learns from a third party having the right to make the disclosure, provided the restricted party complies with any restrictions imposed by
the third party; (ii) information which is in the restricted party’s possession prior to the time of disclosure by the protected party and not acquired by the restricted party under a confidentiality obligation; (iii) information
which enters the public domain without breach of confidentiality by the restricted party; or (iv) disclosures to a party’s accountants, attorneys or other professional advisors so long as they agree to keep such disclosures confidential.

  

	25	 Counterparts 

This Charge may be executed in any number of counterparts and all such counterparts taken together shall be deemed to constitute one and the
same instrument. Facsimile and e-mailed copies of signatures shall be deemed to be originals for purposes of the effectiveness of this Charge. 

  
 18 

 This Charge has been executed and delivered as a deed by the Chargor, the Borrower and signed by the Secured
Party and it shall take effect on the date stated at the beginning of this document. 
 Chargor 

 

			
	 SIGNED as a DEED
by                                  )

Truck Work Logistics Information Co. Ltd    )

By its duly authorized representative              )
	 	

 Name: 
 Title: 

Witness 
 in the presence of: 

 

			
	 /s/ Li Yanming
	  	Signature of witness
	Li Yanming	  	Name of witness

  

	
	Borrower
	
	Executed and Delivered as a Deed by
	
	 /s/ WANG Gang

	By: WANG Gang

 This Charge has been executed and delivered as a deed by the Chargor, the Borrower and signed by the Secured
Party and it shall take effect on the date stated at the beginning of this document. 
 Secured Party 

 

			
	FULL TRUCK ALLIANCE CO. LTD.
		
	By:	 	 /s/ Zhang Hui
  

	Name:	 	
	Title:	 	

 Schedule 1 
  

							
	 Name of Chargor
	  	 Number of Initial Shares Charged to Secured
Party
	  	 Description of Shares

		  	Such number of Series A-5 Preferred Shares (and/or the Class A Ordinary Shares converted from such Series A-5 Preferred Shares pursuant to the
memorandum and articles of association of Full Truck Alliance Co. Ltd.) as calculated pursuant to the following formula:	  		  	
				
	Truck Work Logistics Information Co. Ltd	  	 N = P/(V*90%), of which,
  

“N” means the number of Initial Shares Charged to Secured Party,
  

“P” means $206,000,000, and
  

“V” means the Per Share Fair Market Value of the Company, and “Per Share Fair Market Value” of Company has the meaning
ascribed to it in the Loan Agreement.
  
 As of the date of this Charge, the Initial
Shares are 398,507,891 Series A-5 Preferred Shares held by the Chargor in the Company.
	  	Full Truck Alliance Co. Ltd. (the “Company”)	  	Shares with par value of US$0.00001 each (as appropriately adjusted for share splits, share dividends, recapitalizations and the like) of the Company

 Schedule 2 

Share Transfer 
 Truck Work Logistics
Information Co. Ltd (the “Transferor”), for value received, does hereby transfer to the following transferee (the “Transferee”): 
  

			
	Name:    	  	Full Truck Alliance Co. Ltd.
	
	Address:     Vistra (Cayman) Limited, P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1 – 1205, Cayman Islands

 a total of
                     Series A-5 Preferred Shares (as appropriately adjusted for share splits, share
dividends, recapitalizations and the like) of Full Truck Alliance Co. Ltd. standing in its name in the undertaking called             ,          to
hold the same unto the Transferee. 
  

			
	Signed by the Transferor
	
	Truck Work Logistics Information Co. Ltd
		
	By:	 	 

  

	Name:	 	
	Title:	 	
	
	Signed by the Transferee
	Full Truck Alliance Co. Ltd.
		
	By:	 	 /s/ Zhang Hui
  

	Name:	 	
	Title:	 	

 Schedule 3 

Notice of Charge 
  

			
	To:	  	Full Truck Alliance Co. Ltd.

 November 21, 2020 
 Dear
Sirs 
 Charge over Shares 
 We hereby notify you that
pursuant to a charge over shares among WANG Gang, Truck Work Logistics Information Co. Ltd and Full Truck Alliance Co. Ltd. Dated November, 2021 (the “Charge over Shares”), Truck Work Logistics Information Co. Ltd has granted a
security interest over the such number of Series A-5 Preferred Shares (and/or the Class A Ordinary Shares converted from such Series A-5 Preferred Shares) (as
appropriately adjusted for share splits, share dividends, recapitalizations and the like) of Full Truck Alliance Co. Ltd. as set forth in the Charge over Shares standing in its name in the register of members of Full Truck Alliance Co. Ltd. and at
any time after occurrence of an Event of Default (as defined in the Charge over Shares), you may take such steps to register any of your designated entity(ies) as the registered holder of the shares pursuant to the Charge over Shares. 

 

			
	Truck Work Logistics Information Co. Ltd
		
	By:	 	 

  

	Name:	 	
	Title:	 	

 Schedule 4 

Irrevocable Proxy 
 Full
Truck Alliance Co. Ltd. 
 The undersigned, being the legal owner of the Charged Shares (as defined in the Charve over Shares as further defined below, the
“Shares”) of Full Truck Alliance Co. Ltd. in the share capital of Full Truck Alliance Co. Ltd. (the “Company”), a company incorporated in the Cayman Islands, hereby makes, constitutes and appoints ZAHNG Hui (with
his PRC ID number being ******) (the “Attorney”) as the true and lawful attorney and proxy of the undersigned with full power to appoint a nominee or nominees to act hereunder from time to time and to vote the Shares represented by
the Share Certificate(s) of the Company at all general meetings of shareholders of the Company with the same force and effect as the undersigned might or could do and to requisition and convene a meeting or meetings of the shareholders of the
Company for the purpose of appointing or confirming the appointment of new directors of the Company and/or such other matters as may in the opinion of the Attorney deem necessary or desirable for the purpose of implementing the Charge over Shares
referred to below and the undersigned hereby ratifies and confirms all that the said attorney or its nominee or nominees shall do or cause to be done by virtue hereof. 

The Shares have been charged to the Attorney pursuant to a charge over shares among WANG Gang, Full Truck Alliance Co. Ltd. and Truck Work Logistics
Information Co. Ltd dated November 21, 2020 (the “Charge over Shares”). 
 This power and proxy is given to secure a proprietary
interest of the donee of the power or the performance of an obligation owed to the donee and is irrevocable and shall remain irrevocable as long as the Charge over Shares is in force. 

In witness whereof this instrument has been duly executed on November 21, 2020 as a deed. 

 

			
	Executed and Delivered as a Deed by:
	
	Truck Work Logistics Information Co. Ltd
		
	By:	 	 

  

	Name:	 	
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}]]