Document:

EX-4.4

 Exhibit 4.4 

EXECUTION COPY 
 IRREVOCABLE
PROXY 
 Sea Limited 

THIS IRREVOCABLE PROXY (this “Proxy”), dated as of September 1, 2017, is entered into by and between Mr. Xiaodong Li, a
Singapore citizen (the “Founder”), on the one hand, and Tencent Holdings Limited, a Cayman Islands exempted company, Tencent Limited, a British Virgin Islands business company, and Tencent Growthfund Limited, a Cayman Islands
exempted company (the three Tencent entities are collectively referred to as the “Tencent Parties”, and each, a “Tencent Party”), on the other hand. 

RECITALS: 
 WHEREAS, the
Founder owns, directly and indirectly, and the Tencent Parties own, certain shares in Sea Limited, a Cayman Islands exempted company (the “Company”). 

WHEREAS, the Company is contemplating the Initial Public Offering (as defined below), and contemplates to undertake a restructuring of its
share capital, pursuant to which, among other things, immediately prior to the completion of the Initial Public Offering (i) the authorized share capital of the Company will be divided into class A ordinary shares, each with a par value of
$0.0005 and entitled to one vote (each, a “Class A Ordinary Share”), and class B ordinary shares, each with a par value of $0.0005 and entitled to three votes (each, a “Class B Ordinary
Share”), (ii) all shares owned by the Founder directly and indirectly through Blue Dolphins Venture Inc., a company wholly owned by the Founder, immediately prior to the completion of the Initial Public Offering up to an aggregate of
46,328,746 shares will be automatically converted into an equal number of the voting ordinary shares of the Company and then be re-designated as an equal number of Class B Ordinary Shares, (iii) an
aggregate of 41,380,710 voting ordinary shares, 62,500,000 series A preference shares and 2,767,200 series B preference shares in the Company held by the Tencent Parties immediately prior to the completion of the Initial Public Offering will be
automatically converted into 106,647,910 voting ordinary shares of the Company and then be re-designated as 106,647,910 Class B Ordinary Shares, (iv) all other shares in the Company immediately prior
to the completion of the Initial Public Offering will be converted into an equal number of the voting ordinary shares of the Company and then be re-designated as Class A Ordinary Shares, and
(v) Class A Ordinary Shares and Class B Ordinary Shares will each have the rights and subject to the restrictions attached to such shares as described in this Proxy and as set forth in the Memorandum and Articles of Association (as
define below). 
 WHEREAS, the Tencent Parties wish to appoint the Founder as their true and lawful attorney and irrevocable proxy on the
terms and subject to the conditions herein with respect to all or part of the Class B Ordinary Shares held by the Tencent Parties on certain matters that are subject to vote of the shareholders of the Company. 

  
 1 

 NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and obligations herein
set forth and other good and valuable consideration, the adequacy and receipt of which is hereby acknowledged, and in reliance upon the representations, warranties and covenants herein contained, the Tencent Parties and the Founder, intending to be
legally bound, hereby agree as follows: 
  

	1.	Definitions and Construction. 

 1.1    Definitions. For
purposes of this Proxy, the following terms have the indicated meanings. 
 “Board” means the board of directors of the
Company. 
 “Board Matters” is defined in Section 2.1. 

“Board Proxy” is defined in Section 2.1. 

“Board Proxy Shares” means all Class B Ordinary Shares held by the Tencent Parties from time to time. 

“Class A Ordinary Share” is defined in the Recitals of this Proxy. 

“Class B Ordinary Share” is defined in the Recitals of this Proxy. 

“Class B Permitted Transferee” means a Tencent Class B Permitted Transferee or a Founder Class B
Permitted Transferee. 
 “Closing Date” means the date and time of the initial closing of the Initial Public Offering. 

“Company” is defined in the Recitals of this Proxy. 

“Founder” is defined in the first paragraph of this Proxy. 

“Founder Class B Permitted Transferee” means any of the Founder and the Founder’s spouse, parents,
children, siblings, mother-in-law and father-in-law and brothers and sisters-in-law, a trust solely for the benefit of any of the foregoing, a company, partnership or entity wholly owned by one or more of the foregoing, provided that the
Founder retains control of the voting power of any Class B Ordinary Shares held by such Founder Class B Permitted Transferee(s). 

“General Proxy” is defined in Section 2.2. 

“General Proxy Shares” means, such number (rounded up to the nearest whole number) of Class B Ordinary Shares held by
Tencent Parties as shall be necessary to ensure that, immediately after the Closing Date of the Initial Public Offering and giving effect to the General Proxy, the total voting power in the Company held by Tencent Parties does not exceed 29.0%,
assuming, in calculating such voting power, no conversion of any outstanding convertible promissory notes or bonds of the Company and no exercise of any over-allotment options by the underwriters in the Initial Public Offering. The exact number of
General Proxy Shares that will be held by each Tencent Party immediately after the Closing Date of the Initial Public Offering shall be confirmed in writing by the Tencent Parties and the Founder upon pricing of the Initial Public Offering and may
thereafter decrease in accordance with Sections 3.3 and 3.4. 
 “Governmental Authority” means any nation or government,
any state or other political subdivision thereof; any entity, authority or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including, without limitation, any government
authority, agency, department, board, commission or instrumentality of any nation or any political subdivision thereof; any court, tribunal or arbitrator; any self-regulatory organization; and any securities exchange or quotation system. 

  
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 “Group” means the Company, its subsidiaries and any other entities over which
the Company directly or indirectly effects control pursuant to contractual arrangements and which are consolidated with the Company in accordance with generally accepted accounting principles. 

“Joinder” is defined in Section 3.2. 

“Initial Public Offering” means the Company’s first public offering underwritten on a firm commitment basis of the
Company’s Class A Ordinary Shares or American Depositary Shares representing such Class A Ordinary Shares in the United States pursuant to an effective registration statement under the United States Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder. 
 “Law” means all applicable provisions of all
(i) constitutions, treaties, statutes, laws (including the common law), codes, rules, stock exchange rules, regulations, guidance, ordinances or orders of any Governmental Authority, fiduciary duties under Cayman Islands law, (ii) consent,
approval, authorization, permit, grant, license, certificate, exemption, order, registration, declaration, filing or report of any Governmental Authority, and (iii) orders, decisions, injunctions, judgments, awards and decrees of or agreements
between the Company and any Governmental Authority. 
 “Memorandum and Articles of Association” means the Eighth Amended
and Restated Memorandum and Articles of Association of the Company, adopted and approved by the shareholders of the Company as of the date hereof and to become effective as of the Closing Date, as may be amended and restated from time to time. 

“Person” means any natural person, firm, company, joint venture, partnership, corporation, association or other entity
(whether or not having a separate legal personality) or any of them as the context so requires. 
 “Proxy” is defined in
the first paragraph of this Proxy. 
 “Proxy Shares” means the Board Proxy Shares and the General Proxy Shares. 

“Share” means a share in the capital of the Company. 

“Tencent Parties” is defined in the first paragraph of this Proxy. 

“Tencent Class B Permitted Transferee” means any Tencent Party, or any Person that is fully owned or
controlled (in terms of both voting and dispositive power) by Tencent Holdings Limited. 
 “Tencent Director” is defined in
Section 2.1. 
 “Tencent Director Matter” is defined in Section 2.1. 

“Third Party Transferee” means any Person that is not a Class B Permitted Transferee. 

  
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 “Transfer” means any direct or indirect sale, transfer, assignment or
disposition of any number of Shares by the holder thereof or the direct or indirect transfer or assignment of the voting power attached to such Shares through voting proxy or otherwise; for the avoidance of doubt, the creation of any pledge, charge,
encumbrance or other third party right of whatever description on any of the Shares to secure contractual or legal obligations shall not be deemed as a “Transfer” unless and until any such pledge, charge, encumbrance or other third party
right shall result in the Person that directly or indirectly holds any such Shares immediately before the creation of such pledge, charge, encumbrance or other third party right being unable to exercise, at its will, the voting power of any such
Shares through voting proxy or otherwise. 
 “Work Days” means any calendar days excluding Saturday, Sunday, public
holidays in Singapore, annual and paternity leaves as permitted under the Company policy for the Singapore headquarters of the Company, and medical leaves. 

“Written Direction” is defined in Section 2.1. 

1.2    Construction. In this Proxy, unless the context otherwise requires: 

(a)    references in this Proxy to “writing” or comparable expressions includes a reference to facsimile
transmission, email or comparable means of communication, words expressed in the singular number shall include the plural and vice versa, and words expressed in the masculine shall include the feminine and neutral genders and vice versa; 

(b)    references to Articles, Sections and Recitals are references to articles, sections and recitals of this Proxy; 

(c)    references to this Proxy or any other document shall be construed as references to this Proxy or such other
document, as the case may be, as the same may have been, or may from time to time be, amended, varied, novated or supplemented from time to time; 

(d)    a reference to a subsection without further reference to a Section is a reference to such subsection as contained
in the same Section in which the reference appears, and this rule shall also apply to paragraphs and other subdivisions; 

(e)    all section titles or captions contained in this Proxy are for convenience only and shall not be deemed a part of
this Proxy and shall not affect the meaning or interpretation of this Proxy; 
 (f)    “include,”
“includes” and “including” are deemed to be followed by “without limitation” whether or not they are in fact followed by such words or words of similar import; 

(g)    the words “herein,” “hereof,” “hereunder” and other words of similar import refer to
this Proxy as a whole and not to any particular provision; and 
 (h)    all references to numbers of Shares or prices
per Share in this Proxy shall be appropriately adjusted to take into account any share splits, combinations, reorganizations, share dividends, mergers, recapitalizations, and similar events that affect the share capital of the Company after the
completion of the Initial Public Offering. 

  
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	2.	Irrevocable Proxy. 

 2.1    Board Proxy. 

(a)    Effective immediately prior to the completion of the Initial Public Offering, the Tencent Parties each makes,
constitutes and appoints the Founder as its true and lawful attorney and proxy with full power to appoint a nominee or nominees to act hereunder from time to time and to vote, and to exercise all voting rights attaching to, the Board Proxy Shares at
all meetings of shareholders of the Company with the same force and effect as such Tencent Party might or could do (including to requisition and convene a meeting or meetings of the shareholders of the Company) regardless whether such shareholders
are required to vote on a poll, in the form of written resolutions or otherwise, with respect to all resolutions and matters to be voted upon by shareholders of the Company relating only to the size and/or composition of the Board (subject to
Section 2.1(b) hereof), including without limitation, any resolution to approve, authorize or confirm any increase or decrease in the number of or any minimum or maximum number of directors of the Board, any appointment or election of any new
director or directors of the Company, and any removal or replacement of any existing director or directors of the Company, and such other matters as may in the reasonable opinion of the Founder be necessary or desirable for the purpose of
implementing such proxy (such matters being collectively referred to as the “Board Matters”, and such proxy being referred to as the “Board Proxy”). 

(b)    (i) As long as the Board Proxy is effective, the Founder agrees to, and shall, vote all Board Proxy Shares in
accordance with the written direction of Tencent Holdings Limited in the form set forth in Exhibit B hereto (the “Written Direction”) at general meetings of shareholders on the election, removal and replacement of one member
of the Board nominated by Tencent Holdings Limited (each such proposal, a “Tencent Director Matter” and such member of the Board, the “Tencent Director”), provided that (A) the Written Direction to vote
in any Tencent Director Matter shall be given to the Founder by email with a hard copy to follow to the address set forth in Section 5.3, with such email delivered no less than three (3) days prior to the date of such general meetings of
shareholders, and (B) any candidate nominated by Tencent Holdings Limited to serve as the Tencent Director and any replacement of the Tencent Director nominated by Tencent Holdings Limited shall have gone through the Board nomination process
generally applicable to members of the Board and have been determined to be qualified and permitted to serve on the Board under applicable laws, regulations and stock exchange rules by the Board or any relevant committee thereof, which nomination
process shall allow Tencent Holdings Limited a reasonable opportunity for substitution of candidate within the timeframe prescribed by the Board or the committee as applicable. Concurrent with the delivery of the Written Direction to the Founder in
connection with the general meeting of the shareholders during which a Tencent Director Matter will be voted on, Tencent Holdings Limited shall send a copy of the Written Direction to the Company by email (Email:
companyproxynotice@seagroup.com) with a hard copy to follow addressed to the Company’s headquarters. 
 (ii) For
the avoidance of doubt, the Founder will not have the powers referred to in Section 2.1(a) to vote the Board Proxy Shares in relation to any Tencent Director Matter, except as directed by Tencent Holdings Limited in the Written Direction.
Should the Founder vote any Board Proxy Share contrary to the Written Direction of Tencent Holdings Limited as set forth in Section 2.1(b)(i) above (provided that the conditions thereof have been met), the Founder agrees that such vote shall be
null and void ab initio and shall not be counted.

  
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 2.2    General Proxy. Effective immediately prior to the completion of
the Initial Public Offering, the Tencent Parties each makes, constitutes and appoints the Founder as its true and lawful attorney and proxy with full power to appoint a nominee or nominees to act hereunder from time to time and to vote, and to
exercise all voting rights attaching to, the General Proxy Shares at all meetings of shareholders of the Company with the same force and effect as such Tencent Party might or could do (including to requisition and convene a meeting or meetings of
the shareholders of the Company) with respect to such Shares, regardless whether such shareholders are required to vote on a poll, in the form of written resolutions or otherwise, with respect to all resolutions and matters to be voted upon by the
shareholders of the Company (the “General Proxy”). 
 2.3    The Tencent Parties each hereby ratifies
and confirms and undertakes to ratify and confirm all that the Founder or its nominee or nominees, in its capacity as the attorney and proxy of the Board Proxy Shares and the General Proxy Shares, as applicable, may lawfully do or cause to be done
by virtue of the rights hereby granted and exercised in accordance with this Proxy. 
 2.4    The Tencent Parties each
hereby (i) affirms that this Proxy is (A) coupled with and intended to secure an interest sufficient in applicable Laws to support an irrevocable proxy, and (B) executed and intended to be irrevocable, (ii) revokes any and all
prior proxies granted by the Tencent Parties with respect to the Board Proxy Shares (including the General Proxy Shares) to any Person, (iii) undertakes that no subsequent proxy shall be given (and if given shall be ineffective) by the Tencent
Parties to any Person other than the Founder with respect to the Board Proxy Shares (to the extent related to the Board Matters) and General Proxy Shares, and (iv) undertakes that this Proxy is an irrevocable proxy and power of attorney and
shall survive, subject to Section 3 below, any dissolution or winding up of any Tencent Parties. This Section 2.4 is qualified by and subject to the provisions of Section 3.2 and Section 4 below. 

2.5     The Founder hereby represents and covenants to the Tencent Parties that the aggregate number of Shares of the
Company owned by the Founder, whether directly and indirectly, that will be automatically converted into an equal number of the voting ordinary shares of the Company and then be re-designated as an equal number of Class B Ordinary Shares immediately
prior to the completion of the Initial Public Offering, will not exceed 46,328,746 Shares. 
  

	3.	Transfer of Proxy Shares.  

 3.1    Each Tencent Party shall
have the right to Transfer, at any time, any Proxy Share to any Person, provided that in the case of a Transfer to a Third Party Transferee, the Transfer shall be completed in accordance with Section 3.6. 

3.2    Any Proxy Shares Transferred to a Tencent Class B Permitted Transferee shall continue to be deemed Proxy
Shares hereunder, and such Tencent Class B Permitted Transferee shall, and the Tencent Parties shall cause such Tencent Class B Permitted Transferee to, execute a joinder as set forth in Exhibit A hereto (the
“Joinder”) for such Tencent Class B Permitted Transferee to be deemed as a “Tencent Party” for all purposes hereunder and bound by this Proxy as though an original party hereto and deliver the Joinder to the
transferor and the Founder before such Transfer may be effected. 
 3.3    Any Proxy Shares converted into Class A
Ordinary Shares upon (i) any Transfer of Proxy Shares by a Tencent Party to any Third Party Transferee, (ii) a Tencent Party holding the Proxy Shares (other than Tencent Holdings Limited) ceasing to be fully owned or controlled (in terms
of both voting and dispositive power) by Tencent Holdings Limited, or (iii) any voluntary conversion by any Tencent Parties with the prior consent of the Founder, in each case in accordance with the Memorandum and Articles of Association of the
Company, shall cease to be subject to the Board Proxy and, subject to Section 3.4 below, cease to be subject to the General Proxy. 

  
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 3.4    Where any Tencent Party Transfers less than all of the Class B
Ordinary Shares held by it, the number of shares which are subject to the General Proxy shall not be reduced as a result of any such Transfer unless and until such Tencent Party no longer holds any Class B Ordinary Shares which are not subject
to the General Proxy. 
 3.5    Nothing in this Section 3 shall be deemed to relieve the Tencent Parties of any
obligations under Section 2 hereto with respect to the Proxy Shares held by such Tencent Parties as of a record date established by the Board in respect of any action or proposed action that requires the vote of shareholders of the Company to
the extent such record date is prior to the effective date of the Transfer or conversion of the Proxy Shares as described under Section 3.3 above. 

3.6    The Parties agree that the conversion of any Class B Ordinary Shares to Class A Ordinary Shares may be
effected by the Company in any manner available under applicable Law, as determined by the Board, including (i) the re-designation of Class B Ordinary Shares as Class A Ordinary Shares or
(ii) the redemption or repurchase of Class B Ordinary Shares and applying the proceeds thereof towards the payment for the issue and allotment of the same number of Class A Ordinary Shares, credited as fully paid, immediately after
the redemption or repurchase of such Class B Ordinary Shares. 
  

	4.	Termination of Proxy. 

 4.1    This Proxy, including the Board
Proxy and General Proxy, shall commence immediately prior to the completion of the Initial Public Offering and shall terminate upon the earliest to occur of the following: (i) tenth (10th) anniversary of the Closing Date, unless the Tencent
Parties and the Founder mutually agree on an extension in writing, in which case, the expiration of such extended term; (ii) the Founder voluntarily ceases to be the Group Chief Executive Officer, unless the Tencent Parties and the Founder
mutually agree otherwise in writing; (iii) death or permanent incapacity (meaning the Founder being permanently unable to manage the business affairs of the Company as a result of incapacity solely due to his then physical or mental health
conditions) of the Founder; (iv) if the Founder fails to spend at least half of all Work Days in any given calendar year on any business premises of, or trips for business purposes of, the Group, the end of such calendar year; (v) the
Founder voting the Board Proxy Shares contrary to the Written Direction of Tencent Holdings Limited as set forth in Section 2.1(b)(i) (provided that the conditions thereof have been met); or (vi) termination upon mutual agreement of the
Tencent Parties and the Founder in writing. 
 4.2    Subject to Section 4.3 below, upon any termination of this
Proxy, all Class B Ordinary Shares then held by the parties shall be automatically and immediately converted into an equal number of Class A Ordinary Shares and the party whose Shares are subject to such conversion shall take all such
actions as may be required to effect such conversion upon such termination. 
 4.3    Notwithstanding Section 4.2
above, if this Proxy is terminated pursuant to Section 4.1(i) above, and if at the time of such termination the number of the Class B Ordinary Shares held by Tencent Parties collectively is less than fifty percent (50%) of the total number
of Class B Ordinary Shares held by Tencent Parties collectively immediately after the initial closing of the Initial Public Offering, then (i) all of the Class B Ordinary Shares held by Tencent Parties shall be automatically and
immediately converted into an equal number of Class A Ordinary Shares at such time, and (ii) all of the Class B Ordinary Shares held by all Founder Class B Permitted Transferees (including Blue Dolphins Venture Inc.) shall be
automatically and immediately converted into an equal number of Class A Ordinary Shares upon the earliest to occur of (1) the twentieth (20th) anniversary of the Closing Date, and (2) any event described in Section 4.1(ii),
Section 4.1(iii) or Section 4.1(iv) above; provided that any Transfer, including complete Transfer, of Proxy Shares, and/or conversion of Proxy Shares into Class A Ordinary Shares does not constitute a termination of the Proxy under
this Section 4.3. 

  
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	5.	Governing Law and Dispute Resolution.  

 5.1    Governing Law.
This instrument shall be governed by, and construed and enforced in accordance with, the laws of the Cayman Islands without reference to its conflict of laws principles. 

5.2    Jurisdiction. Each of the parties hereto irrevocably agrees that the courts of the Cayman Islands shall have
exclusive jurisdiction to hear and determine any dispute or controversy arising out of, relating to, or concerning any interpretation, construction, performance or breach of this Proxy. 

5.3    Notices. All notices and other communications provided for or permitted hereunder shall be in writing and
shall be deemed to have been duly given and received when delivered by overnight courier or hand delivery, when sent by telecopy (including electronic mails), or five (5) days after mailing if sent by registered or certified mail (return
receipt requested) postage prepaid, to the parties at the following addresses (or at such other address for any party as shall be specified by like notices). 
  

	 	(a)	If to the Founder, addressed to Mr. Xiaodong Li at: 

 1 Fusionopolis Place, #17-10, Galaxis 
 Singapore 138522 

Email: proxynotice@seagroup.com 

with a copy to: 

Ms. Yanjun Wang, Esq. 

Group General Counsel 
 Sea
Limited 
 1 Fusionopolis Place, #17-10, Galaxis 

Singapore 138522 
 Email:
proxynotice@seagroup.com 
  

	 	(b)	If to the Tencent Parties, 

 c/o Tencent Holdings Limited 

Level 29, Three Pacific Place 

1 Queen’s Road East 

Wanchai, Hong Kong 
 Attention:
Compliance and Transactions Department 
 Email: legalnotice@tencent.com 

  
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 with a copy to: 

Tencent Building, Keji Zhongyi Avenue, 

Hi-tech Park, Nanshan District, 

Shenzhen 518057, PRC 
 Attention:
Mergers and Acquisitions Department 
 Email: PD_Support@tencent.com 

Paul, Weiss, Rifkind, Wharton & Garrison 

12th Floor, The Hong Kong Club Building, 

3A Chater Road, Central, 
 Hong
Kong 
 Attention: Jeanette K. Chan 

Email: jchan@paulweiss.com 

5.4    Consent to Specific Performance. The parties acknowledge and agree that it may be impossible to
measure in money the damages that would be suffered by the Founder (on one hand) or the Tencent Parties (on the other hand) by reason of the failure by the other to perform any of the obligations hereunder. Therefore, if any party shall institute
any action or proceeding seeking specific performance of any of the terms of this Proxy, the other party(ies) against whom such action or proceeding is brought hereby waives any claim or defense therein that the instituting party otherwise has an
adequate remedy at law. 
 5.5    Electronic Communications. Sections 8 and 19 of the Electronic Transactions Law
(2003 Revision) of the Cayman Islands shall not apply. 
 [Signature pages follow] 

  
 9 

 In witness whereof this instrument has been duly executed and delivered on September 1, 2017 as a deed.

  

							
	 EXECUTED and DELIVERED as a
  

DEED by
  

duly authorised for and on behalf of
  

TENCENT HOLDINGS LIMITED
	 	 ) 
 )

 
 )
  

)
	  		 	
				
		 		  		 	
				
		 		  	 /s/ Ma Huateng
	 	
		 		  	Director	 	

 [Signature Page to Irrevocable Proxy] 

 In witness whereof this instrument has been duly executed and delivered on September 1, 2017 as a deed.

  

							
	 EXECUTED and DELIVERED as a
  

DEED by
  

duly authorised for and on behalf of
  

TENCENT LIMITED
	 	 ) 
 )

 
 )
  

)
	  		 	
				
		 		  		 	
				
		 		  	 /s/ Ma Huateng
	 	
		 		  	Director	 	

 [Signature Page to Irrevocable Proxy] 

 In witness whereof this instrument has been duly executed and delivered on September 1, 2017 as a deed.

  

									
	 EXECUTED and DELIVERED as a
  

DEED by
  

duly authorised for and on behalf of
  

TENCENT GROWTHFUND LIMITED
	 	   
 

 
 
  

	 ) 
 )

 
 )
  

)
	   
  

 
  
  

 
	  		 	
				
		 				  		 	
				
		 				  	 /s/ Ma Huateng
	 	
		 				  	Director	 	

 [Signature Page to Irrevocable Proxy] 

  

									
		 				  	Accepted by:	 	
	  
 EXECUTED and DELIVERED as a

 
 DEED by
  

XIAODONG LI
	 	   
 

 
 
	 ) 
 )

 
 )
	   
  

 
  
	  		 	
				
		 				  	 /s/ Xiaodong Li
	 	
				
	Witness:	 				  		 	
		 				  	 /s/ Tan Chia Hui
	 	

 [Signature Page to Irrevocable Proxy] 

 Exhibit A 

JOINDER 
 THIS JOINDER (this
“Joinder”) to that certain Irrevocable Proxy (as amended and supplemented from time to time, the “Proxy”) dated as of September 1, 2017, entered into by and between Mr. Xiaodong Li, a Singapore citizen (the
“Founder”), Tencent Holdings Limited, a Cayman Islands exempted company, Tencent Limited, a British Virgin Islands business company, and Tencent Growthfund Limited, a Cayman Islands exempted company, is made and entered into as of
[                    ], by and between
[                    ] (“Transferee”), on the one hand, and
[                    ] (“Transferor”) and the Founder, on the other hand. Capitalized terms used but not otherwise defined herein
shall have the meanings set forth in the Proxy. 
 WHEREAS, Transferor proposes to Transfer to Transferee certain
[                    ] Class B ordinary shares of the Company, each with a par value of $0.0005 (the “Transferred
Class B Ordinary Shares”), and the Proxy requires Transferee, as a Tencent Class B Permitted Transferee and in order to become a holder of the Transferred Class B Ordinary Shares, to become a party to the Proxy,
and Transferee agrees to do so in accordance with the terms hereof. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Joinder hereby agree as follows: 
  

	1.	Agreement to Be Bound. Transferee hereby agrees that upon execution of this Joinder and completion of the Transfer of the Transferred Class B Ordinary Shares, it shall become a party to the Proxy and shall
be fully bound by, and subject to, all of the covenants, terms and conditions of the Proxy as though an original party thereto in the capacity of a “Tencent Party” for all purposes thereof. Transferee hereby agrees that all Transferred
Class B Ordinary Shares shall be deemed “Board Proxy Shares” [and [[all]/[                    ]] Transferred Class B Ordinary
Shares shall be deemed “General Proxy Shares”] for all purposes of the Proxy. 

  

	2.	Permitted Transfer. For the avoidance of doubt, each of Transferor and Transferee represents and confirms to the Founder that (i) Transferee is a Tencent Class B Permitted Transferee under the Proxy,
(ii) the Transfer is made in accordance with Section 3.2 of the Proxy, and (iii) all Transferred Class B Ordinary Shares shall be deemed “Board Proxy Shares” [and
[[all]/[                    ]] Transferred Class B Ordinary Shares shall be deemed “General Proxy Shares”] subject to the Board Proxy
[and the General Proxy, respectively,] for all purposes of the Proxy. 

  

	3.	Governing Law. This Joinder shall be governed by, and construed and enforced in accordance with, the laws of the Cayman Islands without reference to its conflict of laws principles. 

 

	4.	Notices. For purposes of Section 5.3 of the Proxy, all notices and other communications to the Transferee shall be directed to
[                    ] at:
[                    ]. 

[Signature pages follow] 

  
 A-1 

 In witness whereof this instrument has been duly executed and delivered on
[                    ] as a deed. 
  

							
	 EXECUTED and DELIVERED as a
  

DEED by
  

duly authorised for and on behalf of
  

[Transferee]
	 	 )
  

)
  

)
  

)
	 		 	
				
		 		 		 	
				
		 		 	  
	 	
		 		 	Director	 	

 [Signature Page to Joinder] 

  

							
		 		  	Accepted by:	 	
	  
 EXECUTED and DELIVERED as a

 
 DEED by
  

duly authorised for and on behalf of
  

[Transferor]
	 	 ) 
 )

 
 )
  

)
	  		 	
				
		 		  		 	
				
		 		  	  
	 	
		 		  	Director	 	

 [Signature Page to Joinder] 

  

							
		 		  	Accepted by:	 	
				
	 EXECUTED and DELIVERED as a
  

DEED by
  

XIAODONG LI
  
	 	 ) 
 )

 
 )
  
	  		 	
				
		 		  	  
	 	
				
	Witness:	 		  		 	
				
		 		  	  
	 	

 [Signature Page to Joinder] 

 Exhibit B 

WRITTEN DIRECTION 
 Mr. Xiaodong Li

 1 Fusionopolis Place, #17-10, Galaxis 

Singapore 138522 
 Email: proxynotice@seagroup.com 

Date: [                    ] 

Mr. Li: 
 Reference is made to that certain Irrevocable
Proxy (as amended and supplemented from time to time, the “Proxy”) dated as of September 1, 2017, entered into by and between Mr. Xiaodong Li, a Singapore citizen (the “Founder”), Tencent Holdings Limited, a
Cayman Islands exempted company, Tencent Limited, a British Virgin Islands business company, and Tencent Growthfund Limited, a Cayman Islands exempted company. Capitalized terms used but not otherwise defined herein shall have the meanings set forth
in the Proxy. 
 The Founder is hereby directed to vote all Board Proxy Shares “for” the resolution with respect to the
[appointment/removal/replacement] of [name of the Tencent Director]* at the general meeting of shareholders to be held on [Date]. 
  

	*	[name of the Tencent Director] shall be the Tencent Director nominated by Tencent Holdings Limited. 

  

			
	Tencent Holdings Limited

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	cc:	Ms. Yanjun Wang, Esq. 

 Group General Counsel 

Sea Limited 
 1 Fusionopolis
Place, #17-10, Galaxis 
 Singapore 138522 

Email: proxynotice@seagroup.com 

Sea Limited 
 1 Fusionopolis
Place, #17-10, Galaxis 
 Singapore 138522 

Email: companyproxynotice@seagroup.com 

  
 B-1EX-10.2

 Exhibit 10.2 

INDEMNIFICATION AGREEMENT 
 This
Indemnification Agreement (this “Agreement”) is entered into as of                by and between Sea Limited, a Cayman Islands company (the
“Company”), and the undersigned, a director and/or an officer of the Company (“Indemnitee”), as applicable. 

RECITALS 
 The Board of Directors of the
Company (the “Board of Directors”) has determined that the inability to attract and retain highly competent persons to serve the Company is detrimental to the best interests of the Company and its shareholders and that it is
reasonable and necessary for the Company to provide adequate protection to such persons against risks of claims and actions against them arising out of their services to the corporation. 

AGREEMENT 
 In consideration of the
premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
  

	A.	DEFINITIONS 

 The following terms shall have the meanings defined below: 

Expenses shall include, without limitation, damages, judgments, fines, penalties, settlements and costs, attorneys’ fees and
disbursements and costs of attachment or similar bond, investigations, and any other expenses paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing for any of the
foregoing in, any Proceeding. 
 Indemnifiable Event means any event or occurrence that takes place either before or after the execution
of this Agreement, related to the fact that Indemnitee is or was a director or an officer of the Company, or is or was serving at the request of the Company as a director or officer of another corporation, partnership, joint venture or other entity,
or related to anything done or not done by Indemnitee in any such capacity, including, but not limited to neglect, breach of duty, error, misstatement, misleading statement or omission. 

Participant means a person who is a party to, or witness or participant (including on appeal) in, a Proceeding. 

Proceeding means any threatened, pending, or completed action, suit, arbitration or proceeding, or any inquiry, hearing or investigation,
whether civil, criminal, administrative, investigative or other, including appeal, in which Indemnitee may be or may have been involved as a party or otherwise by reason of an Indemnifiable Event. 

 

	B.	AGREEMENT TO INDEMNIFY 

 1. General Agreement. In the event Indemnitee was, is, or becomes a
Participant in, or is threatened to be made a Participant in, a Proceeding, the Company shall indemnify the Indemnitee from and against any and all Expenses which Indemnitee incurs or becomes obligated to incur in connection with such Proceeding, to
the fullest extent permitted by applicable law. 

 2. Indemnification of Expenses of Successful Party. Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee has been successful on the merits in defense of any Proceeding or in defense of any claim, issue or matter in such Proceeding, the Company shall indemnify Indemnitee against all Expenses incurred in
connection with such Proceeding or such claim, issue or matter, as the case may be. 
 3. Partial Indemnification. If Indemnitee is entitled
under any provision of this Agreement to indemnification by the Company for a portion of Expenses, but not for the total amount of Expenses, the Company shall indemnify the Indemnitee for the portion of such Expenses to which Indemnitee is entitled.

 4. No Employment Rights. Nothing in this Agreement is intended to create in Indemnitee any right to continued employment with the Company.

 5. Contribution. If the indemnification provided in this Agreement is unavailable and may not be paid to Indemnitee for any reason other than
those exclusions set forth in Section B.6, then the Company shall contribute to the amount of Expenses paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in such proportion as is appropriate to reflect (i) the
relative benefits received by the Company on the one hand and by the Indemnitee on the other hand from the transaction or events from which such Proceeding arose, and (ii) the relative fault of the Company on the one hand and of the Indemnitee
on the other hand in connection with the events which resulted in such Expenses, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of the Indemnitee on the other hand shall be
determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such Expenses, judgments, fines or settlement amounts. Both
parties agree that it would not be just and equitable if contribution pursuant to this Section B.5 were determined by pro rata allocation or any other method of allocation which does not take account of the foregoing equitable considerations.

 6. Exclusions. Notwithstanding anything in this Agreement to the contrary and subject to Section 2 above, the Indemnitee shall not be
entitled to indemnification under this Agreement: 
 (a) to the extent that the Indemnitee is indemnified and actually paid other than
pursuant to this Agreement, whether under an insurance policy or otherwise; 
 (b) to the extent the Proceeding is brought about by the
conduct of the Indemnitee that is finally adjudicated to have been knowingly fraudulent or deliberately dishonest or to have constituted willful misconduct; 

(c) in connection with any Proceeding initiated by the Indemnitee against any party, and not by way of defense, unless (i) the Company
has joined in or has consented to the initiation of such Proceeding, or (ii) the Proceeding is one to enforce indemnification rights under this Agreement or any applicable law by the Indemnitee against the Company or any of its subsidiaries or
consolidated affiliated entities (each a “Group Company”); or 
 (d) in connection with any dispute or breach arising under any
agreement between any Group Company and the Indemnitee. 

	C.	INDEMNIFICATION PROCESS 

 1. Notice and Cooperation By Indemnitee. Indemnitee shall, as a condition
precedent to his/her right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement, provided that
the delay of Indemnitee to give notice hereunder shall not prejudice any of Indemnitee’s rights hereunder, unless such delay results in the Company’s forfeiture of substantive rights or defenses. Notice to the Company shall be given
in accordance with Section F.7 below. If, at the time of receipt of such notice, the Company has directors’ and officers’ liability insurance policies in effect, the Company shall give prompt notice to its insurers of the
Proceeding relating to the notice. The Company shall thereafter take all necessary and desirable action to cause such insurers to pay, on behalf of Indemnitee, all Expenses payable as a result of such Proceeding. In
addition, Indemnitee shall give the Company such information and cooperation as the Company may reasonably request. 
 2. Indemnification
Payment. 
 (a) Advancement of Expenses. Indemnitee may submit a written request with reasonable particulars to the Company
requesting that the Company advance to Indemnitee all Expenses that may be reasonably incurred in advance by Indemnitee in connection with a Proceeding. The Company shall, within ten (10) business days of receiving such a written request
by Indemnitee, advance all requested Expenses to Indemnitee, subject to Section C.2(c) below. Any excess of the advanced Expenses over the actual Expenses will be repaid to the Company. 

(b) Reimbursement of Expenses. To the extent Indemnitee has not requested any advanced payment of Expenses from the
Company, Indemnitee shall be entitled to receive reimbursement for the Expenses incurred in connection with a Proceeding from the Company immediately after Indemnitee makes a written request to the Company for reimbursement unless the Company
refers the indemnification request to the Reviewing Party in compliance with Section C.2(c) below. 
 (c) Determination by the
Reviewing Party. If the Company reasonably believes that it is not obligated under this Agreement to indemnify the Indemnitee, the Company shall, within ten (10) days after the Indemnitee’s written request for an advancement or
reimbursement of Expenses, notify the Indemnitee that the request for advancement of Expenses or reimbursement of Expenses will be submitted to the Reviewing Party (as hereinafter defined). The Reviewing Party shall make a determination on the
request within 30 days after the Indemnitee’s written request for an advancement or reimbursement of Expenses. Notwithstanding anything foregoing to the contrary, in the event the Reviewing Party informs the Company that Indemnitee is not
entitled to indemnification in connection with a Proceeding under this Agreement or applicable law, the Company shall be entitled to be reimbursed by Indemnitee for all the Expenses previously advanced or otherwise paid to Indemnitee in connection
with such Proceeding; provided, however, that Indemnitee may bring a suit to enforce his/her indemnification right in accordance with Section C.3 below. 

 3. Suit to Enforce Rights. Regardless of any action by the Reviewing Party, if Indemnitee has not
received full indemnification within 30 days after making a written demand in accordance with Section C.2 above or 50 days if the Company submits a request for advancement or reimbursement to the Reviewing Party under
Section C.2(c), Indemnitee shall have the right to enforce its indemnification rights under this Agreement by commencing litigation in any court of competent jurisdiction seeking a determination by the court or challenging any
determination by the Reviewing Party or any aspect of this Agreement. Any determination by the Reviewing Party not challenged by Indemnitee and any judgment entered by the court shall be binding on the Company and Indemnitee. 

4. Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against
Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such
counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless
(i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel
retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the
fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense. 

5. Defense to Indemnification, Burden of Proof and Presumptions. It shall be a defense to any action brought by Indemnitee against the Company to
enforce this Agreement that it is not permissible under this Agreement or applicable law for the Company to indemnify the Indemnitee for the amount claimed. In connection with any such action or any determination by the Reviewing Party or otherwise
as to whether Indemnitee is entitled to be indemnified under this Agreement, the burden of proving such a defense or determination shall be on the Company. 

6. No Settlement Without Consent. Neither party to this Agreement shall settle any Proceeding in any manner that would impose any damage, loss,
penalty, limitation or admission of fault on Indemnitee without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed settlement. 

7. Company Participation. Subject to Section C.1, the Company shall not be liable to indemnify the Indemnitee under this Agreement with
regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of such action. 

 8. Reviewing Party. 

(a) For purposes of this Agreement, the Reviewing Party with respect to each indemnification request of Indemnitee that is referred by the
Company pursuant to Section C.2(c) above shall be (A) the Board of Directors by a majority vote of a quorum consisting of Disinterested Directors (as hereinafter defined), or (B) if a quorum of the Board of Directors consisting
of Disinterested Directors is not obtainable or, even if obtainable, said Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee. If the
Reviewing Party determines that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or entity making such
determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected
from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Independent Counsel or member of the Board of Directors shall act reasonably and in good faith in making a determination under
this Agreement of the Indemnitee’s entitlement to indemnification. Any reasonable costs or expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity
making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless
therefrom. “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

(b) If the determination of entitlement to indemnification is to be made by Independent Counsel, the Independent Counsel shall be selected as
provided in this Section C.8(b). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the preceding sentence shall apply), and
Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) days after such written
notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the
Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section C.8(d) of this Agreement, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and
until such objection is withdrawn or a court has determined that such objection is without merit. If, within 20 days after submission by Indemnitee of a written request for indemnification, no Independent Counsel shall have been selected and
not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for
the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent
Counsel. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting under this Agreement, and the Company shall pay all reasonable fees and expenses
incident to the procedures of this Section C.8(b), regardless of the manner in which such Independent Counsel was selected or appointed. 

 (c) In making a determination with respect to entitlement to indemnification hereunder, the
Reviewing Party shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with this Agreement, and the Company shall have the burden of proof to overcome
that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement (with
or without court approval), conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification
or create a presumption that Indemnitee did not act in good faith and in a manner which he/she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his/her conduct was unlawful. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account
of the Company and any other corporation, partnership, joint venture or other entity of which Indemnitee is or was serving at the written request of the Company as a director, officer, employee, agent or fiduciary, including financial statements, or
on information supplied to Indemnitee by the officers and directors of the Company or such other corporation, partnership, joint venture or other entity in the course of their duties, or on the advice of legal counsel for the Company or such other
corporation, partnership, joint venture or other entity or on information or records given or reports made to the Company or such other corporation, partnership, joint venture or other entity by an independent certified public accountant or by an
appraiser or other expert selected with reasonable care by the Company or such other corporation, partnership, joint venture or other entity. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or
employee of the Company or such other corporation, partnership, joint venture or other entity shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. The provisions of this
Section C.8(c) shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

(d) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and
neither presently is, nor in the past five (5) years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning the Indemnitee under this
Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s
rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating
to this Agreement or its engagement pursuant hereto. 
  

	D.	DIRECTOR AND OFFICER LIABILITY INSURANCE 

 1. Good Faith Determination. The Company shall from time
to time make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage
for losses incurred in connection with their services to the Company or to ensure the Company’s performance of its indemnification obligations under this Agreement. 

 2. Coverage of Indemnitee. To the extent the Company maintains an insurance policy or policies
providing directors’ and officers’ liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s
directors or officers. 
 3. No Obligation. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain any
director and officer insurance policy if the Company determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the amount of coverage provided, or
(ii) the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit. 
  

	E.	NON-EXCLUSIVITY; TERM 

 1.
Non-Exclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s current memorandum and
articles of association, as may be amended from time to time, applicable law or any written agreement between Indemnitee and the Company (including its subsidiaries and affiliates). The indemnification provided under this Agreement shall
continue to be available to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though he/she may have ceased to serve in any such capacity at the time of any Proceeding. 

2. Duration of Agreement. All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is an officer
and/or a director of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long as
Indemnitee shall be subject to any Proceeding by reason of his/her former or current capacity at the Company, whether or not he/she is acting or serving in any such capacity at the time any Expense is incurred for which indemnification can be
provided under this Agreement. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an officer and/or a director of the Company or any other enterprise at the Company’s request. 

 

	F.	MISCELLANEOUS 

 1. Amendment of this Agreement. No supplement, modification, or amendment of this
Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall operate as a waiver of any other provisions (whether or not similar), nor shall such waiver constitute a
continuing waiver. Except as specifically provided in this Agreement, no failure to exercise or any delay in exercising any right or remedy shall constitute a waiver. 

2. Subrogation. In the event of payment to Indemnitee by the Company under this Agreement, the Company shall be subrogated to the extent of such
payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company to bring
suit to enforce such rights. 

 3. Assignment; Binding Effect. Neither this Agreement nor any of the rights or obligations hereunder
may be assigned by either party hereto without the prior written consent of the other party; except that the Company may, without such consent, assign all such rights and obligations to a successor in interest to the Company which assumes all
obligations of the Company under this Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon and inure to the benefit of and be enforceable by and against the parties hereto and the Company’s successors (including
any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company) and assigns, as well as Indemnitee’s spouses, heirs, and personal and legal
representatives. 
 4. Severability and Construction. Nothing in this Agreement is intended to require or shall be construed as requiring the
Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to a court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. In addition, if
any portion of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by applicable law. The parties
hereto acknowledge that they each have opportunities to have their respective counsels review this Agreement. Accordingly, this Agreement shall be deemed to be the product of both of the parties hereto, and no ambiguity shall be construed in
favor of or against either of the parties hereto. 
 5. Counterparts. This Agreement may be executed in two counterparts, both of which taken
together shall constitute one instrument. 
 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 conflicts of law provisions thereof. 

7. Notices. All notices, demands, and other communications required or permitted under this Agreement shall be made in writing and shall be deemed
to have been duly given if delivered by hand, against receipt, or mailed via postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at: 

Sea Limited 
 1 Fusionopolis Place, 

#17-10, Galaxis, 

Singapore 138522 
 Attention: Group General Counsel 

and to Indemnitee at his/her address last known to the Company. 

8. Entire Agreement. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and
oral, between the parties with respect to the subject matter hereof. 
 (Signature page follows) 

 IN WITNESS WHEREOF, the parties hereto execute this Agreement as of the date first written above. 

 

			
	Sea Limited
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	
	Indemnitee
		
	Signature:	 	  

	Name:	 	

 [Signature page to Indemnification Agreement]

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