Document:

EX-10.2

 Exhibit 10.2 

KINGSOFT INTERNET SOFTWARE HOLDINGS LIMITED 

(the “Company”) 

2013 EQUITY INCENTIVE PLAN 
  

											
	1.	 	Purpose of the Plan
		
	   The purpose of the Plan is to aid the Company and its Affiliates in recruiting and retaining key employees, directors or consultants
of outstanding ability and to motivate such employees, directors or consultants to exert their best efforts on behalf of the Company and its Affiliates by providing incentives through the granting of Awards. The Company expects that it will benefit
from the added interest which such key employees, directors or consultants will have in the welfare of the Company as a result of their proprietary interest in the Company’s success.
	  	  
 LR17.03 (1)

		
	2.	 	Definitions
		
	   The following capitalized terms used in the Plan have the respective meanings set forth in this Section:
	  	
				
		 	(a)	 	Applicable Laws: All laws, statutes, regulations, ordinances, rules or governmental requirements that are applicable to this Plan or any Award granted pursuant to this Plan, including but not limited to
applicable laws of the People’s Republic of China, the United States and the Cayman Islands, and the rules and requirements of any applicable national securities exchange.	  	
				
		 	(b)	 	Act: The U.S. Securities Exchange Act of 1934, as amended, or any successor thereto.	  	
				
		 	(c)	 	Affiliate: With respect to the Company, any entity directly or indirectly controlling, controlled by, or under common control with, the Company or any other entity designated by the Board in which the Company
or an Affiliate has an interest.	  	
				
		 	(d)	 	Award: An Option, Share Appreciation Right or Other Share-Based Award.	  	
				
		 	(e)	 	Beneficial Owner: A “beneficial owner”, as such term is defined in Rule 13d-3 under the Act (or any successor rule thereto).	  	
				
		 	(f)	 	Board: The board of directors of the Company.	  	
				
		 	(g)	 	Code: The U.S. Internal Revenue Code of 1986, as amended, or any successor thereto.	  	
				
		 	(h)	 	Committee: The compensation committee of the Board, provided, however, prior to completion an initial public offering of the Shares, the Committee shall mean the Board.	  	
				
		 	(i)	 	Company: Kingsoft Internet Software Holdings Limited, a company incorporated under the laws of the Cayman Islands.	  	
				
		 	(j)	 	Effective Date: has the meaning ascribed in Section 23.	  	

  
 1 

											
				
		 	(k)	 	Employment: The term “Employment” as used herein shall be deemed to refer to (i) a Participant’s employment if the Participant is an employee of the Company or any of its Affiliates, (ii) a
Participant’s services as a consultant, if the Participant is consultant to the Company or its Affiliates and (iii) a Participant’s services as an non-employee director, if the Participant is a non-employee member of the Board.	  	
				
		 	(l)	 	Fair Market Value: On a given date, (i) if there should be a public market for the Shares on such date, the closing price of the Shares as reported on such date on the Composite Tape of the principal national
securities exchange on which such Shares are listed or admitted to trading, or (ii) if there should not be a public market for the Shares on such date, the Fair Market Value shall be the value established by the Committee in good faith.	  	
				
		 	(m)	 	GEM: Growth Enterprise Market, a stock market operated by the HKSE	  	
				
		 	(n)	 	HKSE: The Stock Exchange of Hong Kong Limited.	  	
				
		 	(o)	 	HKSE Listing Rules: The Rules Governing the Listing of Securities on the HKSE, as may be amended or supplemented from time to time.	  	
				
		 	(p)	 	ISO: An Option that is also an incentive share option granted pursuant to Section 8(d) of the Plan.	  	
				
		 	(q)	 	Kingsoft: Kingsoft Corporation Limited, a company listed on the HKSE.	  	
				
		 	(r)	 	LSAR: A limited share appreciation right granted pursuant to Section 9(d) of the Plan.	  	
				
		 	(s)	 	Offer Date: means in respect of an Award, the day on which the granting of such Award is approved by the Committee.	  	
				
		 	(t)	 	Option: A share option granted pursuant to Section 8 of the Plan.	  	
				
		 	(u)	 	Option Limit: The total number of Options which may be issued under the Plan pursuant to Section 5(a).	  	
				
		 	(v)	 	Option Price: The purchase price per Share of an Option, as determined pursuant to Section 8(a) of the Plan.	  	
				
		 	(w)	 	Other Share-Based Awards: Awards granted pursuant to Section 10 of the Plan.	  	
				
		 	(x)	 	Parent: Kingsoft Corporation Limited, a company listed on the HKSE.	  	
				
		 	(y)	 	Participant: An employee, director or consultant of the Company, the Parent or its Affiliates who is selected by the Committee to participate in the Plan.	  	
				
		 	(z)	 	Person: A “person”, as such term is used for purposes of Section 13(d) or 14(d) of the Act (or any successor section thereto).	  	
				
		 	(aa)	 	Plan: This Kingsoft Internet Software Holdings Limited 2013 Equity Incentive Plan.	  	

  
 2 

											
				
		 	(bb)	 	Plan Limit: The total number of Shares which may be issued under the Plan pursuant to Section 4.	  	
				
		 	(cc)	 	Shares: Ordinary Shares of the Company, par value US$0.000025 per share.	  	
				
		 	(dd)	 	Share Appreciation Right: A share appreciation right granted pursuant to Section 9 of the Plan.	  	
				
		 	(ee)	 	Subsidiary: A corporation or other entity of which a majority of the outstanding voting shares or voting power is beneficially owned directly or indirectly by the Company.	  	
		
	3.	 	Prerequisite condition
				
		 	(a)	 	This Plan shall take effect subject to and is conditional upon the passing of the necessary resolutions by the directors and shareholders of the Company and Kingsoft in meetings called for the purpose of approving and
adopting the rules of this Plan; and	  	
				
		 	(b)	 	In the event that the condition in Section 3(a) is not satisfied, this Plan shall have no effect whatsoever.	  	
		
	4.	 	Shares Subject to the Plan
		
	   The total number of Shares which may be issued under the Plan is 64,497,718 Shares (the “Plan Limit”) representing
6.44% of the total number of Shares in issue at the date of approval of the Plan, unless otherwise (i) approved by Kingsoft’s shareholders and the Company’s shareholders in general meeting, or (ii) in case the Company ceases
being a subsidiary (as defined in the HKSE Listing Rules) of Kingsoft, approved by the Company’s shareholders in general meeting. The Shares may consist, in whole or in part, of authorized and unissued Shares or Shares purchased on the open
market. The issuance of Shares or the payment of cash upon the exercise of an Award shall reduce the total number of Shares available under the Plan, as applicable. Shares which are subject to Awards which terminate or lapse without the payment of
consideration may be granted again under the Plan.
	  	
		
	5.	 	Certain Provisions relating to Options
				
		 	(a)	 	Pursuant to Section 4, the total number of Shares which may be issued upon exercise of all Options to be granted under the Plan shall not in aggregate exceed 64,497,718 Shares which is lower than 10 percent of
the total number of Shares in issue on the date of approval of the Plan unless otherwise approved by the shareholders of the Company and Kingsoft in general meeting. Options lapsed in accordance with the terms of the Plan will not be counted for the
purpose of calculating the total number of Shares.	  	  
 LR17.03 (3)

				
		 	(b)	 	The total number of Shares issued and to be issued upon exercise of the Options granted to each Participant (including both exercised and outstanding Options) in any 12-month period must not exceed 1 % of the
total number of Shares in issue. Where any further grant of Options to a Participant would result in the total number of Shares issued and to be issued upon exercise of all the Options granted and to be granted to such person (including exercised,
cancelled and outstanding Options) in	  	  
 LR17.03
(4)

  
 3 

											
		 		 		 		 		  	
				
		 		 	the 12-month period up to and including the date of such further grant representing in aggregate over 1 % of the total number of Shares in issue, such further grant must be separately approved by the Company’s
shareholders and Kingsoft’s shareholders in general meeting with such Participant and his associates (as defined in the HKSE Listing Rules) abstaining from voting. A circular must be sent to the Company’s shareholders and Kingsoft’s
shareholders and the circular must disclose the identity of the Participant, the number and terms of the Options to be granted and Options previously granted to such Participant and the information as required under the HKSE Listing Rules and the
disclaimer required under Rule 17.02(4) of the HKSE Listing Rules. The number and terms (including the Option Price) of the Options to be granted to such Participant must be fixed before the approval of the Company’s shareholders and
Kingsoft’s shareholders and the date of the meeting of the Board for proposing such further grant of Option(s) should be taken as the date of Offer for the purpose of calculating the Offer Price.	  	
				
		 	(c)	 	The Committee may seek approval of the Company’s shareholders and Kingsoft’s shareholders in general meeting for refreshing the 10% limit under the Plan save that the total number of Shares which may be
issued upon exercise of all Options to be granted under the Plan and any other share option schemes of the Company under the limit as “refreshed” shall not exceed 10 % of the total number of Shares in issue as at the date of approval of
the limit as “refreshed”. Options previously granted under this Plan or any other share option schemes of the Company (including Options outstanding, cancelled, lapsed or exercised in accordance with the terms of this Plan or any other
share option schemes of the Company) will not be counted for the purpose of calculating the limit as “refreshed”. For the purpose of seeking the approval of the Company’s shareholders and Kingsoft’s shareholders under this
Section 5(c), a circular containing the information as required under the HKSE Listing Rules must be sent to the Company’s shareholders and Kingsoft’s shareholders.	  	  
  
  

LR17.03 (3)
 Note (1)

				
		 	(d)	 	The Committee may seek separate approval of the Company’s shareholders and Kingsoft’s shareholders in general meeting for granting Options beyond the 10% limit set out in Section 5(a) provided that the
Options in excess of the limit are granted only to Participants specifically identified by the Company before such approval is sought. A circular must be sent to the Company’s shareholders and Kingsoft’s shareholders containing a generic
description of the specified Participants who may be granted such Options, the number and terms of the Options to be granted, the purpose of granting such Options to the specified Participants with an explanation as to how the terms of Options serve
such purpose and the information as required under the HKSE Listing Rules and the disclaimer required under Rule 17.02(4) of the HKSE Listing Rules.	  	  
  
  

LR17.03 (3)
 Note (1)

				
		 	(e)	 	Maximum limit. Any increase in the Option Limit pursuant to Sections 5(c) or 5(d) shall in no event result in the number of Shares which may be issued upon exercise of all outstanding Options granted and yet to
be exercised under this Plan and the other schemes exceeding 30% of the Shares in issue from time to time. No Options may be granted under the Plan if this will result in the limit set out in this paragraph being exceeded.	  	  
 LR17.03 (3)

Note (2)

  
 4 

											
				
		 	(f)	 	Connected persons.	  	
					
		 		 	(i)	 	If the Committee determines to offer to grant Options to a director, chief executive or substantial shareholder of the Company or Kingsoft or any of their respective associates (as defined in the HKSE Listing Rules),
such grant shall be subject to the approval by the independent non-executive directors of Kingsoft at the time of determination (and in the event that the Committee offers to grant Options to an independent non-executive director of Kingsoft at the
time of determination, the vote of such independent non-executive director shall not be counted for the purposes of approving such grant).	  	  
 LR17.04 (1)

					
		 		 	(ii)	 	If the Committee determines to offer to grant Options to a substantial shareholder or an independent non-executive director of Kingsoft (or any of their respective associates) and that grant would result in the Shares
issued and to be issued upon exercise of all Options already granted and to be granted (including Options exercised, cancelled and outstanding) to such person under this Plan and the other schemes in the 12-month period up to and including the Offer
Date (i) representing in aggregate over 0.1%, or such other percentage as may be from time to time provided under the HKSE Listing Rules, of the Shares in issue on the Offer Date; and (ii) (where the Shares are listed on the Stock Exchange), having
an aggregate value, based on the closing price of the securities on the Offer Date, in excess of HK$5 million, such grant shall be subject to, in addition to the approval of the independent non-executive directors of the compensation committee of
Kingsoft as referred to under Section 5(f)(i), the issue of a circular to the Company’s shareholders and Kingsoft’s shareholders and separate approval of the Company’s shareholders and Kingsoft’s shareholders in general
meeting by way of a poll convened and held in accordance with the relevant Memorandum of Association and Articles of Association at which all connected persons (as defined in the HKSE Listing Rules) of the Company or Kingsoft shall abstain from
voting in favour of the resolution concerning the grant of such Options at the general meeting, and/or such other requirements prescribed under the HKSE Listing Rules from time to time. Unless provided otherwise in the HKSE Listing Rules, the date
of the board meeting of the Company at which such board of directors proposes to grant the proposed Options to that eligible Participant shall be taken as the Offer Date for the purpose of calculating the Option Price. Any change in the terms of the
Options granted to a substantial shareholder of Kingsoft or an independent non-executive director of Kingsoft, or any of their respective associates must be approved by the shareholders of the Company and Kingsoft in their respective general
meetings.	  	  
 LR17.04 (1)

 
  
  

 
  
  

 
  
  

 
 LR17.04 (3)(d)

Note (1)

					
		 		 	(iii)	 	The circular to be issued to the Company’s shareholders and Kingsoft’s shareholders pursuant to Section 5(f)(ii) shall contain the following information:	  	LR17.04 (3)
						
		 		 		 	(a)	 	the details of the number and terms (including the Option Price) of the Options to be granted to each eligible Participant which must be fixed before the shareholders’ meeting and the Offer Date (which shall be the date of
the board meeting at which the Committee proposes to grant the proposed Options to that eligible Participant);	  	

  
 5 

											
						
		 		 		 	(b)	 	a recommendation from the independent non-executive directors of Kingsoft (excluding any independent non-executive director who is the relevant Participant) to the independent shareholders of the Kingsoft as to voting;	  	
						
		 		 		 	(c)	 	the information required under Rules 17.02(2)(c) and (d) and the disclaimer required under Rule 17.02(4) of the HKSE Listing Rules; and	  	
						
		 		 		 	(d)	 	the information required under Rule 2.17 of the HKSE Listing Rules.	  	
			
	6.	 	Administration and Eligibility	  	
				
		 	(a)	 	The Plan shall be administered by the Committee, which may delegate its duties and powers in whole or in part to any subcommittee thereof consisting solely of at least two individuals who are intended to qualify as
“Non-Employee Directors” within the meaning of Rule 16b-3 under the Act (or any successor rule thereto) and an “independent director” as defined in the NYSE Listed Company Manual or the NASDAQ Listing Rules, as applicable,
provided, however, prior to completion of an initial public offering of the Shares, the Committee may delegate its duties and powers in whole or in part to any individual. Awards may, in the discretion of the Committee, be made under the Plan in
assumption of, or in substitution for, outstanding awards previously granted by the Company or its subsidiaries or a company acquired by the Company or with which the Company combines. The number of Shares underlying such substitute awards shall be
counted against the aggregate number of Shares available for Awards under the Plan. The Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other
determinations that it deems necessary or desirable for the administration of the Plan. Furthermore, the Committee may for tax planning purposes for any or all Participants, amend the Plan without consent of any Participant. The Committee may
correct any defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems necessary or desirable. Any decision of the Committee in the interpretation and administration of the Plan, as
described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including, but not limited to, Participants and their beneficiaries or successors). The Committee shall have the
full power and authority to establish the terms and conditions of any Award consistent with the provisions of the Plan and to waive any such terms and conditions at any time (including, without limitation, accelerating or waiving any vesting
conditions). The Committee shall require payment of any amount it may determine to be necessary to withhold for any applicable taxes as a result of the exercise, grant or vesting of an Award. Unless the Committee specifies otherwise, the Participant
may elect to pay a portion or all of such withholding taxes by (a) delivery in Shares or (b) having Shares withheld by the Company from any Shares that would have otherwise been received by the Participant.	  	

  
 6 

											
			
		 	(b)(i)	 	Authority of Committee. Subject to any specific designation in the Plan, the Committee has the exclusive power, authority and discretion to:
					
		 		 	(a)	 	designate Participants to receive Awards;	  	LR17.03 (6)
					
		 		 	(b)	 	determine the type or types of Awards to be granted to each Participant;	  	LR17.03 (7)
					
		 		 	(c)	 	determine the number of Awards to be granted and the number of Shares to which an Award will relate;	  	
					
		 		 	(d)	 	determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price, grant price, or purchase price, the repurchase and redeem of any Award, any minimum
period for which the Award must be held for before it can be exercised, any performance targets which must be achieved before an Award can be exercised, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions
or restrictions on the exercisability of an Award, and accelerations or waivers thereof, any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion
determines;	  	  
 LR17.03 (8)

 
 LR17.03 (9)

					
		 		 	(e)	 	determine whether, to what extent, and pursuant to what circumstances and amount an Award may be settled in, or the exercise price of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award
may be canceled, forfeited, or surrendered; and	  	
					
		 		 	(f)	 	establish trust and restructure the administration of the Plan for tax purposes without the consent of a Participant if such action would provide tax benefit to the Participant without diminishing any of its rights
under any Award theretofore granted to such Participant under the Plan.	  	
				
		 	(c)	 	Eligibility. Persons eligible to participate in this Plan include Participants of the Company, its Subsidiaries and the Parent, as determined by the Committee on the basis of the Participants’ contribution to
the development and growth to the Company, its Subsidiaries and the Parent.	  	  
 LR17.03 (2)

			
	7.	 	Limitations	  	
		
	   No Award may be granted under the Plan after the tenth anniversary of the Effective Date, but Awards theretofore granted may extend
beyond that date.
	  	
			
	8.	 	Terms and Conditions of Options	  	
		
	   Options granted under the Plan shall be, as determined by the Committee, non-qualified or incentive share options for U.S. federal
income tax purposes, as evidenced by the related Award agreements, and shall be subject to the foregoing and the following terms and conditions and to such other terms and conditions, not inconsistent therewith, as the Committee shall
determine:
	  	LR17.04 (3)
				
		 	(a)	 	Option Price. The Option Price per Share shall be determined by the Committee in its absolute discretion, subject to the adjustment referred to in Section 11, but in any event shall be in compliance with the
HKSE Listing Rules from time to time unless the Company ceases being a subsidiary (as defined in the HKSE Listing Rules) of Kingsoft.	  	LR17.03 (9) Note (2)

  
 7 

											
		 	(b)	 	Exercisability. Options granted under the Plan shall be exercisable at such time and upon such terms and conditions, if any, as may be determined by the Committee, but in no event shall an Option be exercisable
more than ten years after the date it is granted.	  	LR17.03 (5)
				
		 	(c)	 	Exercise of Options. Except as otherwise provided in the Plan or in an Award agreement, an Option may be exercised for all, or from time to time any part, of the Shares for which it is then exercisable. For
purposes of this Section 8 of the Plan, the exercise date of an Option shall be the later of the date a notice of exercise is received by the Company and, if applicable, the date payment is received by the Company pursuant to clauses (i), (ii),
(iii) or (iv) in the following sentence. The purchase price for the Shares as to which an Option is exercised shall be paid to the Company in full at the time of exercise at the election of the Participant (i) in cash or its equivalent (e.g., by
check), (ii) to the extent permitted by the Committee, in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares being purchased and satisfying such other requirements as may be imposed by the Committee; provided, that
such Shares have been held by the Participant for no less than six months (or such other period as established from time to time by the Committee in order to avoid adverse accounting treatment applying generally accepted accounting principles),
(iii) partly in cash and, to the extent permitted by the Committee and subject to the other requirements and conditions set forth above in (ii), partly in Shares or (iv) if there is a public market for the Shares at such time, through the delivery
of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver promptly to the Company an amount out of the proceeds of such sale equal to the aggregate Option Price for the Shares being purchased. No
Participant shall have the voting, dividend, transfer and other rights, including those arising on a liquidation of the Company or Kingsoft, attaching to the Shares subject to an Option and (if appropriate) any such rights attaching to the Options
themselves until the Participant has given written notice of exercise of the Option, paid in full for such Shares and, if applicable, has satisfied any other conditions imposed by the Committee pursuant to the Plan. The Shares to be allotted upon
the exercise of an Option will rank pari passu in all respect with and shall have the same voting, dividend, transfer and other rights as attached to other fully paid Shares in issue after the Participant has given written notice of exercise
of the Option, paid in full for such Shares and, if applicable, has satisfied any other conditions imposed by the Committee pursuant to the Plan.	  	  
  
  

LR17.03 (10)

				
		 	(d)	 	ISOs. The Committee may grant Options under the Plan that are intended to be ISOs. Such ISOs shall comply with the requirements of Section 422 of the Code (or any successor section thereto). No ISO may be granted
to any Participant who at the time of such grant, owns more than ten percent of the total combined voting power of all classes of shares of the Company or of any Subsidiary, unless (i) the Option Price for such ISO is at least 110% of the Fair
Market Value of a Share on the date the ISO is granted and (ii) the date on which such ISO terminates is a date not later than the day preceding the fifth anniversary of the date on which the ISO is granted. Any Participant who disposes of Shares
acquired upon the exercise of an ISO either (i) within two years after the date of grant of such ISO or (ii) within one year after the transfer of such Shares to the Participant, shall notify the Company of such disposition and of the amount
realized upon such disposition. All Options granted under the Plan are intended to be nonqualified share options, unless the applicable Award agreement expressly states that the Option is intended to be an ISO. If an Option is intended to be an ISO,
and if for any reason such Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a nonqualified share option granted under the Plan; provided that
such Option (or portion thereof) otherwise complies with the Plan’s requirements relating to nonqualified share options. In no event shall any member of the Committee, the Company or any of its Affiliates (or their respective employees,
officers or directors) have any liability to any Participant (or any other Person) due to the failure of an Option to qualify for any reason as an ISO.	  	

  
 8 

											
		 	(e)	 	Attestation. Wherever in this Plan or any agreement evidencing an Award a Participant is permitted to pay the exercise price of an Option or taxes relating to the exercise of an Option by delivering Shares, the
Participant may, subject to procedures satisfactory to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares, in which case the Company shall treat the Option as exercised without further payment
and shall withhold such number of Shares from the Shares acquired by the exercise of the Option.	  	
			
	9.	 	Terms and Conditions of Share Appreciation Rights	  	
				
		 	(a)	 	Grants. The Committee also may grant (i) a Share Appreciation Right independent of an Option or (ii) a Share Appreciation Right in connection with an Option, or a portion thereof. A Share Appreciation Right
granted pursuant to clause (ii) of the preceding sentence (A) may be granted at the time the related Option is granted or at any time prior to the exercise or cancellation of the related Option, (B) shall cover the same number of Shares covered by
an Option (or such lesser number of Shares as the Committee may determine) and (C) shall be subject to the same terms and conditions as such Option except for such additional limitations as are contemplated by this Section 9 (or such additional
limitations as may be included in an Award agreement).	  	
				
		 	(b)	 	Terms. The exercise price per Share of a Share Appreciation Right shall be an amount determined by the Committee but in no event shall such amount be less than the greater of (i) the Fair Market Value of a Share
on the date the Share Appreciation Right is granted or, in the case of a Share Appreciation Right granted in conjunction with an Option, or a portion thereof, the Option Price of the related Option and (ii) the minimum amount permitted by Applicable
Laws. Each Share Appreciation Right granted independent of an Option shall entitle a Participant upon exercise to an amount equal to (i) the excess of (A) the Fair Market Value on the exercise date of one Share over (B) the exercise price per Share,
times (ii) the number of Shares covered by the Share Appreciation Right. Each Share Appreciation Right granted in conjunction with an Option, or a portion thereof, shall entitle a Participant to surrender to the Company the unexercised Option, or
any portion thereof, and to receive from the Company in exchange therefore an amount equal to (i) the excess of (A) the Fair Market Value on the exercise date of one Share over (B) the Option Price per Share, times (ii) the number of Shares covered
by the Option, or portion thereof, which is surrendered. The date a notice of exercise is received by the Company shall be the exercise date. Payment shall be made in Shares or in cash, or partly in Shares and partly in cash (any such Shares valued
at such Fair Market Value), all as shall be determined by the Committee. Share Appreciation Rights may be exercised from time to time upon actual receipt by the Company of written notice of exercise stating the number of Shares with respect to which
the Share Appreciation Right is being exercised. No fractional Shares will be issued in payment for Share Appreciation Rights, but instead cash will be paid for a fraction or, if the Committee should so determine, the number of Shares will be
rounded downward to the next whole Share.	  	

  
 9 

											
		 	(c)	 	Limitations. The Committee may impose, in its discretion, such conditions upon the exercisability or transferability of Share Appreciation Rights as it may deem fit.	  	
				
		 	(d)	 	Limited Share Appreciation Rights. The Committee may grant LSARs that are exercisable upon the occurrence of specified contingent events. Such LSARs may provide for a different method of determining appreciation,
may specify that payment will be made only in cash and may provide that any related Awards are not exercisable while such LSARs are exercisable. Unless the context otherwise requires, whenever the term “Share Appreciation Right” is used in
the Plan, such term shall include LSAR.	  	
			
	10.	 	Other Share-Based Awards	  	
		
	   The Committee, in its sole discretion, may grant or sell Awards of Shares, Awards of restricted Shares and Awards that are valued in
whole or in part by reference to, or are otherwise based on the Fair Market Value of, Shares (“Other Share-Based Awards”). Such Other Share-Based Awards shall be in such form, and dependent on such conditions, as the Committee shall
determine, including, without limitation, the right to receive, or vest with respect to, one or more Shares (or the equivalent cash value of such Shares) upon the completion of a specified period of service, the occurrence of an event and/or the
attainment of performance objectives. Other Share-Based Awards may be granted alone or in addition to any other Awards granted under the Plan. Subject to the provisions of the Plan, the Committee shall determine to whom and when Other Share-Based
Awards will be made, the number of Shares to be awarded under (or otherwise related to) such Other Share-Based Awards; whether such Other Share-Based Awards shall be settled in cash, Shares or a combination of cash and Shares; and all other terms
and conditions of such Awards (including, without limitation, the vesting provisions thereof and provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable).
	  	
			
	11.	 	Adjustments Upon Certain Events	  	
				
		 	(a)	 	In the event of a capitalization issue, rights issue, sub-division or consolidation of the Shares or reduction of capital of the Company (other than an issue of the Shares as consideration in respect of a transaction to
which the Company is a party), the Committee in its sole discretion and without liability to any person shall make such substitution or adjustment in the Option Price or the number of the Shares subject to the Options already granted and to the Plan
in accordance with the requirement under Rule 17.03 (13) of the HKSE Listing Rules. Any adjustments shall be made on the basis that the proportion of the issued share capital of the Company to which a Participant is entitled after such adjustments
shall remain the same as that to which he/she was entitled before the occurrence of the event giving rise to such adjustments and no such adjustments shall be made the effect of which would be to enable any Share to be issued at less than its
nominal value. The issue of securities of the Company as consideration in a transaction may not be regarded as a circumstance requiring an adjustment. An independent financial adviser or auditors (acting as experts and not as arbitrators) must
certify in writing to the Committee and the board of Kingsoft that the adjustments satisfy the requirements of Rule 17.03(13) of the HKSE Listing Rules in respect of any such adjustments.	  	  
 LR17.03 (13)

  
 10 

											
		 	(b)	 	In the event that Kingsoft resolves to seek a separate listing of the Company on the Main Board or GEM of HKSE or an overseas stock exchange, the Option Price per Shares of the Options determined pursuant to Section 8(a)
granted after Kingsoft resolves to seek such listing and up to the listing date of the Company must be adjusted to not lower than the new issue price of the Company upon such listing. In particular, any Options granted during the period commencing
six months before the lodgement of Form A1 (or its equivalent for listing on GEM or the overseas stock exchange) and up to the listing date of the Company are subject to the requirement set out in this paragraph. Such grant of Options during such
period shall also comply with the then applicable HKSE Listing Rules (or GEM listing rules).	  	 LR17.03 (9) Note (2)
  

 

			
	12.	 	No Right to Employment or Awards	  	
	  
   The granting of an Award
under the Plan shall impose no obligation on the Company or any Subsidiary to continue the Employment of a Participant and shall not lessen or affect the Company’s or Subsidiary’s right to terminate the Employment of such Participant. No
Participant or other Person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s
determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated).
	  	
			
	13.	 	Successors and Assigns	  	
	  
   The Plan shall be binding on
all successors and assigns of the Company and a Participant, including without limitation, the estate of such Participant and the executor, administrator or trustee of such estate, or any receiver or trustee in bankruptcy or representative of the
Participant’s creditors.
	  	
			
	14.	 	Nontransferability of Awards; Repurchase of Awards and Shares	  	
		
	   Unless otherwise determined by the Committee, an Award shall not be transferable or assignable by the Participant otherwise than by
will or by the laws of descent and distribution and an Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the Participant; provided that an Option granted under the Plan
to a Participant shall not be transferable or assignable and shall be personal to the Participant.
	  	  
 LR17.03 (10)

 
 LR17.03 (17)

  
 11 

											
	   Notwithstanding the foregoing, no provision herein shall prevent or forbid transfers by will, by the laws of descent and
distribution, to a trust that was established solely for tax planning purposes and not for purposes of profit or commercial activity or, to one or more “family members” (as such term is defined in SEC Rule 701 promulgated under the
Securities Act of 1933, as amended) by gift or pursuant to a qualified domestic relations order.
	  	
	  
   Any Award granted under the
Plan and any Share acquired after exercise of such Award may be repurchased by the Company from the Participant in accordance with the terms of the documents pursuant to which such Award is granted.
	  	
		
	15.	 	Amendments or Termination
				
		 	(a)	 	The Board may amend or alter the Plan, but no amendment or alteration shall be made, (a) without the approval of the shareholders of the Company, if such action would (except as is provided in Section 11 of the Plan),
increase the total number of Shares reserved for the purposes of the Plan or change the maximum number of Shares for which Awards may be granted to any Participant, in each case only to the extent such approval is required by the principal national
securities exchange on which the Shares are listed or admitted to trading, or (b) without the consent of a Participant, if such action would diminish any of the rights of the Participant under any Award theretofore granted to such Participant under
the Plan; provided, however, that the Committee may amend the Plan in such manner as it deems necessary to permit the granting of Awards meeting the requirements of any Applicable Laws. For the purpose of this Section 15(a), unless the Company
ceases being a subsidiary (as defined in the HKSE Listing Rules) of Kingsoft, Applicable Laws shall include, but not be limited to, (a) the provisions relating to the matters set out in Rule 17.03 of the HKSE Listing Rules cannot be altered to the
advantage of Participants without the prior approval of the Company’s shareholders and Kingsoft’s shareholders in general meeting; (b) any alteration to the terms and conditions of the Plan which are of a material nature or any change to
the terms of Options granted must be approved by the Company’s shareholders and Kingsoft’s shareholders, except where the alterations take effect automatically under the existing terms of the Plan; (c) the amended terms of this Plan or the
Options shall remain in compliance with Chapter 17 of the HKSE Listing Rules, unless waived by the HKSE; and (d) any change to the authority of the directors or the administrator of the Plan in relation to any alteration to the terms of the Plan
must be separately approved by the Company’s shareholders and Kingsoft’s shareholders in general meeting.	  	 LR17.03 (18)
  

Note (1) – (4)

				
		 		 	Without limiting the generality of the foregoing, to the extent applicable, notwithstanding anything herein to the contrary, this Plan and Awards issued hereunder shall be interpreted in accordance with Section 409A of
the Code and Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision of
the Plan to the contrary, in the event that the Committee determines that any amounts payable hereunder will be taxable to a Participant under Section 409A of the Code and related Department of Treasury guidance prior to payment to such Participant
of such amount, the Company may (a) adopt such amendments to the Plan and Awards and appropriate policies and procedures, including amendments and policies with retroactive effect, that the Committee determines necessary or appropriate to preserve
the intended tax treatment of the benefits provided by the Plan and Awards hereunder and/or (b) take such other actions as the Committee determines necessary or appropriate to comply with the requirements of Section 409A of the Code.	  	

  
 12 

											
		 	(b)	 	Awards Previously Granted. Except with respect to amendments made pursuant to Section 15(a), no amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to
the Plan without the prior written consent of the Participant.	  	  
 LR17.03 (16)

				
		 		 	The Company may by resolution in its general meeting at any time terminate the operation of the Plan and in such event no further Options will be offered, but the provisions of the Plan shall remain in full force and
effect to the extent necessary to give effect to the exercise of any Options (to the extent not already exercised) granted prior to the termination. The Options (to the extent not already exercised) granted prior to such termination shall continue
to be valid and exercisable in accordance with the Plan.	  	
		
	16.	 	Multiple Jurisdictions
		
	   In order to assure the viability of Awards granted to Participants employed in various jurisdictions, the Committee may, in its sole
discretion, provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy or custom applicable in the jurisdiction in which the Participant resides or is employed. Moreover, the
Committee may approve such supplements to, amendments, restatements, or alternative versions of the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other
purpose; provided, however, that no such supplements, amendments, restatements or alternative versions shall increase the Share limitation contained in Section 4 hereof. Notwithstanding the foregoing, the Committee may not take any actions
hereunder, and no Awards shall be granted that would violate any Applicable Laws.
	  	
		
	17.	 	Distribution of Shares
		
	   The obligation of the Company to make payments in Shares pursuant to an Award shall be subject to all Applicable Laws and to any
such approvals by government agencies as may be required. Additionally, in the discretion of the Committee, American depositary shares, or ADSs, may be distributed in lieu of Shares in settlement of any Award, provided that the ADSs shall be of
equal value to the Shares that would have otherwise been distributed. If the number of Shares represented by an ADS is other than on a one-to-one basis, the limitations contained in Section 4 shall be adjusted to reflect the distribution of ADSs in
lieu of Shares.
	  	
		
	18.	 	Taxes
		
	   No Shares shall be delivered under the Plan to any Participant until such Participant has made arrangements acceptable to the
Committee for the satisfaction of any income and employment tax withholding obligations under any Applicable Laws, in particular, the tax laws, rules, regulations and government orders of the People’s Republic of China or the U.S. federal,
state or other local tax laws, as applicable. The Company and each of its Subsidiaries shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state,
local and foreign taxes (including the Participant’s payroll tax obligations, if any) required to be withheld under any Applicable Laws with respect to any Award issued to the Participant hereunder. The Committee may in its discretion and in
satisfaction of the foregoing requirement allow a Participant to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal to the sums required to be withheld.
Notwithstanding any other provision of the Plan, the number of Shares which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Participant of such Award after such Shares
were acquired by the Participant from the Company) in order to satisfy the Participant’s federal, state, local and other income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of the Award shall, unless
specifically approved by the Committee, be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for
federal, state, local and other income tax any payroll tax purposes that are applicable to such taxable income.
	  	

  
 13 

											
	19.	 	Lapse of Option	  	
		
	   An Option shall lapse automatically and not be exercisable (to the extent not already exercised) on the earliest of:
	  	LR17.03 (12)
		
	   (a) the expiry date relevant to that Option;
	  	
		
	   (b) the date of commencement of the winding-up of the Company (as determined in accordance with the Companies Law (as amended) of
the Cayman Islands);
	  	
		
	   (c) the date on which the Participant ceases to be eligible by reason of the termination of his relationship with the Company and/or
any of the Affiliates on any one or more of the grounds that he has been guilty of serious misconduct or has been convicted of any criminal offence involving his integrity or honesty or in relation to an employee of the Company and/or any of the
Affiliates (if so determined by the Committee) on any other ground on which an employer would be entitled to terminate his employment at common law or pursuant to any applicable laws or under the Participant’s service contract with the Company
or the relevant Affiliate. A resolution of the Board or the board of directors of the relevant Affiliate to the effect that the relationship of a Participant has or has not been terminated on one or more of the grounds specified in this paragraph
shall be conclusive; and
	  	
		
	   (d) the date on which certain circumstances as provided in the related Award agreement or otherwise agreed upon between the Company
and the Participant are satisfied.
	  	
			
	20.	 	Cancellation Of Options	  	
		
	   Options Granted but not Exercised. Any cancellation of Options granted but not exercised may be effected on such terms as may
be agreed with the relevant Participant, as the Committee may in its absolute discretion sees fit and in a manner that complies with applicable legal requirements for such cancellation under the Applicable Laws.
	  	  
 LR17.03 (14)

		
	   Where the Company cancels the Options granted to a Participant and issues new ones to the same Participant, the issue of such new
Options may only be made under the Plan with available unissued options (excluding the cancelled options) within the limited approved by the Company’s shareholders and Kingsoft’s shareholders.
	  	

  
 14 

											
	21.	 	Administration of the Plan	  	
		
	   Notwithstanding any provision in the Plan, the Committee shall, at all time, administer the Plan and exercise its power pursuant to
the terms of this Plan in accordance with the relevant requirements under the HKSE Listing Rules.
	  	
			
	22.	 	Choice of Law	  	
		
	   The Plan shall be governed by and construed in accordance with the laws of the state of New York.
	  	
			
	23.	 	Effectiveness of the Plan	  	
		
	   The Plan shall be effective as of the date on which the condition in Section 3(a) becomes unconditional (the “Effective
Date”) and shall terminate ten years later, subject to earlier termination by the Board pursuant to Section 15 hereof.
	  	LR17.03 (11)
			
	24.	 	Effectiveness of certain provisions relating to Options	  	
		
	   As of the time when the Company ceases being a subsidiary (as defined in the HKSE Listing Rules) of Kingsoft, the provisions under
Sections 5, 11(b) and 21 shall cease to be effective.
	  	

  
 15EX-10.3

 Exhibit 10.3 

INDEMNIFICATION AGREEMENT 

THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of
            , 2014 by and between Cheetah Mobile Inc., an exempted company incorporated and existing under the laws of the Cayman Islands (the “Company”), and
                    ([Passport/ID] Number
                    ) (the “Indemnitee”). 

WHEREAS, the Indemnitee has agreed to render valuable services to the Company; and 

WHEREAS, in order to induce and encourage highly experienced and capable persons such as the Indemnitee to render valuable services to the
Company, the board of directors of the Company (the “Board of Directors”) has determined that this Agreement is not only reasonable and prudent, but necessary to promote and ensure the best interests of the Company and its
shareholders; 
 NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter set forth, and other good and valuable
consideration, including, without limitation, the service of the Indemnitee, the receipt of which hereby is acknowledged, and in order to induce the Indemnitee to render valuable services the Company, the Company and the Indemnitee hereby agree as
follows: 
 1. Definitions. As used in this Agreement: 

(a) “Change in Control” shall mean a change in control of the Company of a nature that would be required to be reported
in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar or successor schedule or form) promulgated under the United States Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder (collectively, the “Act”), whether or not the Company is then subject to such reporting requirement; provided, however, that, without limitation, such a Change in Control shall be deemed to have
occurred (irrespective of the applicability of the initial clause of this definition) if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Act, but excluding any trustee or other fiduciary holding securities
pursuant to an employee benefit or welfare plan or employee share plan of the Company or any subsidiary or affiliate of the Company, or any entity organized, appointed, established or holding securities of the Company with voting power for or
pursuant to the terms of any such plan) becomes the “beneficial owner” (as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 30% or more of the combined voting power of the
Company’s then outstanding securities without the prior approval of at least two-thirds of the Continuing Directors (as defined below) in office immediately prior to such person’s attaining such interest; (ii) the Company is a party
to a merger, consolidation, scheme of arrangement, sale of assets or other reorganization, or a proxy contest, as a consequence of which Continuing Directors in office immediately prior to such transaction or event constitute less than a majority of
the Board of Directors of the Company (or any successor entity) thereafter; or (iii) during any period of two (2) consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Company
(including for this purpose any new director whose election or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of such
period) (such directors being referred to herein as “Continuing Directors”) cease for any reason to constitute at least a majority of the Board of Directors of the Company. 

 (b) “Disinterested Director” with respect to any request by the
Indemnitee for indemnification or advancement of expenses hereunder shall mean a director of the Company who neither is nor was a party to the Proceeding (as defined below) in respect of which indemnification or advancement is being sought by the
Indemnitee. 
 (c) The term “Expenses” shall mean, without limitation, expenses of Proceedings, including
attorneys’ fees, disbursements and retainers, accounting and witness fees, expenses related to preparation for service as a witness and to service as a witness, travel and deposition costs, expenses of investigations, judicial or administrative
proceedings and appeals, amounts paid in settlement of a Proceeding by or on behalf of the Indemnitee, costs of attachment or similar bonds, any expenses of attempting to establish or establishing a right to indemnification or advancement of
expenses, under this Agreement, the Company’s Memorandum of Association and Articles of Association as currently in effect (the “Articles”), applicable law or otherwise, and reasonable compensation for time spent by the
Indemnitee in connection with the investigation, defense or appeal of a Proceeding or action for indemnification for which the Indemnitee is not otherwise compensated by the Company or any third party. The term “Expenses” shall not include
the amount of judgments, fines, interest or penalties, or excise taxes assessed with respect to any employee benefit or welfare plan, which are actually levied against or sustained by the Indemnitee to the extent sustained after final adjudication.

 (d) The term “Independent Legal Counsel” shall mean any firm of attorneys reasonably selected by the Board of
Directors of the Company, so long as such firm has not represented the Company, the Company’s subsidiaries or affiliates, the Indemnitee, any entity controlled by the Indemnitee, or any party adverse to the Company, within the preceding five
(5) years. Notwithstanding the foregoing, the term “Independent Legal Counsel” shall not include any person who, under applicable standards of professional conduct then prevailing, would have a conflict of interest in representing
either the Company or the Indemnitee in an action to determine the Indemnitee’s right to indemnification or advancement of expenses under this Agreement, the Company’s Articles, applicable law or otherwise. 

(e) The term “Proceeding” shall mean any threatened, pending or completed action, suit, arbitration, alternate dispute
resolution mechanism, or other proceeding (including, without limitation, an appeal therefrom), formal or informal, whether brought in the name of the Company or otherwise, whether of a civil, criminal, administrative or investigative nature, and
whether by, in or involving a court or an administrative, other governmental or private entity or body (including, without limitation, an investigation by the Company or its Board of Directors), by reason of (i) the fact that the Indemnitee is
or was a director or officer of the Company, or is or was serving at the request of the Company as an agent of another enterprise, whether or not the Indemnitee is serving in such capacity at the time any liability or expense is incurred for which
indemnification or reimbursement is to be provided under this Agreement, (ii) any actual or alleged act or omission or neglect or breach of duty, including, without limitation, any actual or alleged error or misstatement or misleading
statement, which the Indemnitee commits or suffers while acting in any such capacity, or (iii) the Indemnitee attempting to establish or establishing a right to indemnification or advancement of expenses pursuant to this Agreement, the
Company’s Articles, applicable law or otherwise. 

  
 - 2 - 

 (f) The phrase “serving at the request of the Company as an agent of another
enterprise” or any similar terminology shall mean, unless the context otherwise requires, serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, limited liability
company, trust, employee benefit or welfare plan or other enterprise, foreign or domestic. The phrase “serving at the request of the Company” shall include, without limitation, any service as a director/an executive officer of the Company
which imposes duties on, or involves services by, such director/executive officer with respect to the Company or any of the Company’s subsidiaries, affiliates, employee benefit or welfare plans, such plan’s participants or beneficiaries or
any other enterprise, foreign or domestic. In the event that the Indemnitee shall be a director, officer, employee or agent of another corporation, partnership, joint venture, limited liability company, trust, employee benefit or welfare plan or
other enterprise, foreign or domestic, 50% or more of the ordinary shares, combined voting power or total equity interest of which is owned by the Company or any subsidiary or affiliate thereof, then it shall be presumed conclusively that the
Indemnitee is so acting at the request of the Company. 
 2. Services by the Indemnitee. The Indemnitee agrees to serve as a
director or officer of the Company under the terms of the Indemnitee’s agreement with the Company for so long as the Indemnitee is duly elected or appointed or until such time as the Indemnitee tenders a resignation in writing or is removed
from the Indemnittee’s position; provided, however, that the Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or other obligation imposed by operation of law). 

3. Proceedings by or in the Right of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or
threatened to be made a party to or is otherwise involved in any Proceeding by or in the right of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee is or was a director or officer of the Company, or is or was
serving at the request of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest or penalties, and excise taxes assessed with respect to any employee benefit or welfare plan, which are actually and reasonably
incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company;
except that no indemnification under this section shall be made in respect of any claim, issue or matter as to which such person shall have been adjudicated by final judgment by a court of competent jurisdiction to be liable to the Company
for willful misconduct in the performance of his/her duty to the Company, unless and only to the extent that the court in which such Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of
all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such amounts which such other court shall deem proper. 

  
 - 3 - 

 4. Proceeding Other Than a Proceeding by or in the Right of the Company. The
Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or in the right of the Company), by reason of the fact that the
Indemnitee is or was a director or officer of the Company, or is or was serving at the request of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest or penalties, and excise taxes assessed with respect to
any employee benefit or welfare plan, which are actually and reasonably incurred by the Indemnitee in connection with such a Proceeding, to the fullest extent permitted by applicable law; provided, however, that any settlement of a Proceeding must
be approved in advance in writing by the Company (which approval shall not be unreasonably withheld). 
 5. Indemnification for
Costs, Charges and Expenses of Witness or Successful Party. Notwithstanding any other provision of this Agreement (except as set forth in subparagraph 9(a) hereof), and without a requirement for determination as required by Paragraph 8 hereof,
to the extent that the Indemnitee (a) has prepared to serve or has served as a witness in any Proceeding in any way relating to (i) the Company or any of the Company’s subsidiaries, affiliates, employee benefit or welfare plans or
such plan’s participants or beneficiaries or (ii) anything done or not done by the Indemnitee as a director or officer of the Company or in connection with serving at the request of the Company as an agent of another enterprise, or
(b) has been successful in defense of any Proceeding or in defense of any claim, issue or matter therein, on the merits or otherwise, including the dismissal of a Proceeding without prejudice or the settlement of a Proceeding without an
admission of liability, the Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee in connection therewith to the fullest extent permitted by applicable law. 

6. Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the
Company for a portion of the Expenses, judgments, fines, interest or penalties, or excise taxes assessed with respect to any employee benefit or welfare plan, which are actually and reasonably incurred by the Indemnitee in the investigation,
defense, appeal or settlement of any Proceeding, but not, however, for the total amount of the Indemnitee’s Expenses, judgments, fines, interest or penalties, or excise taxes assessed with respect to any employee benefit or welfare plan, then
the Company shall nevertheless indemnify the Indemnitee for the portion of such Expenses, judgments, fines, interest or penalties or excise taxes to which the Indemnitee is entitled. 

7. Advancement of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in
advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable law; provided, however, that the Indemnitee shall set forth in such request reasonable evidence that such
Expenses have been incurred by the Indemnitee in connection with such Proceeding, a statement that such Expenses do not relate to any matter described in subparagraph 9(a) of this Agreement, and an undertaking in writing to repay any advances if it
is ultimately determined as provided in subparagraph 8(b) of this Agreement that the Indemnitee is not entitled to indemnification under this Agreement. 

  
 - 4 - 

 8. Indemnification Procedure; Determination of Right to Indemnification. 

(a) Promptly after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for
indemnification or advancement of Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof in writing. The omission to so notify the Company will not relieve the Company from
any liability which the Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or procedural rights with respect to the defense of any Proceeding as a result of such omission to so
notify. 
 (b) The Indemnitee shall be conclusively presumed to have met the relevant standards of conduct, if any, as defined
by applicable law, for indemnification pursuant to this Agreement and shall be absolutely entitled to such indemnification, unless a determination is made that the Indemnitee has not met such standards by (i) the Board of Directors by a
majority vote of a quorum thereof consisting of Disinterested Directors, (ii) the shareholders of the Company by majority vote of a quorum thereof consisting of shareholders who are not parties to the Proceeding due to which a claim for
indemnification is made under this Agreement, (iii) Independent Legal Counsel as set forth in a written opinion (it being understood that such Independent Legal Counsel shall make such determination only if the quorum of Disinterested Directors
referred to in clause (i) of this subparagraph 8(b) is not obtainable or if the Board of Directors of the Company by a majority vote of a quorum thereof consisting of Disinterested Directors so directs), or (iv) a court of competent
jurisdiction; provided, however, that if a Change of Control shall have occurred and the Indemnitee so requests in writing, such determination shall be made only by a court of competent jurisdiction. 

(c) If a claim for indemnification or advancement of Expenses under this Agreement is not paid by the Company within
thirty (30) days after receipt by the Company of written notice thereof, the rights provided by this Agreement shall be enforceable by the Indemnitee in any court of competent jurisdiction. Such judicial proceeding shall be made de novo. The
burden of proving that indemnification or advances are not appropriate shall be on the Company. Neither the failure of the directors or shareholders of the Company or Independent Legal Counsel to have made a determination prior to the commencement
of such action that indemnification or advancement of Expenses is proper in the circumstances because the Indemnitee has met the applicable standard of conduct, if any, nor an actual determination by the directors or shareholders of the Company or
Independent Legal Counsel that the Indemnitee has not met the applicable standard of conduct shall be a defense to an action by the Indemnitee or create a presumption for the purpose of such an action that the Indemnitee has not met the applicable
standard of conduct. The termination of any Proceeding by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself (i) create a presumption that the Indemnitee did not act in
good faith and in a manner which he reasonably believed to be in the best interests of the Company and/or its shareholders, and, with respect to any criminal Proceeding, that the Indemnitee had reasonable cause to believe that his conduct was
unlawful or (ii) otherwise adversely affect the rights of the Indemnitee to indemnification or advancement of Expenses under this Agreement, except as may be provided herein. 

(d) If a court of competent jurisdiction shall determine that the Indemnitee is entitled to any indemnification or advancement of
Expenses hereunder, the Company shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such adjudication (including, but not limited to, any appellate proceedings). 

  
 - 5 - 

 (e) With respect to any Proceeding for which indemnification or advancement of Expenses is
requested, the Company will be entitled to participate therein at its own expense and, except as otherwise provided below, to the extent that it may wish, the Company may assume the defense thereof, with counsel reasonably satisfactory to the
Indemnitee. After notice from the Company to the Indemnitee of its election to assume the defense of a Proceeding, the Company will not be liable to the Indemnitee under this Agreement for any Expenses subsequently incurred by the Indemnitee in
connection with the defense thereof, other than as provided below. The Company shall not settle any Proceeding in any manner which would impose any penalty or limitation on the Indemnitee without the Indemnitee’s written consent. The Indemnitee
shall have the right to employ his/her own counsel in any Proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense of the Proceeding shall be at the expense of the Indemnitee,
unless (i) the employment of counsel by the Indemnitee has been authorized by the Company, (ii) the Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct
of the defense of a Proceeding, or (iii) the Company shall not in fact have employed counsel to assume the defense of a proceeding, in each of which cases the fees and expenses of the Indemnitee’s counsel shall be advanced by the Company.
The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which the Indemnitee has reasonably concluded that there may be a conflict of interest between the Company and the
Indemnitee. 
 9. Limitations on Indemnification. No payments pursuant to this Agreement shall be made by the Company:

 (a) To indemnify or advance funds to the Indemnitee for Expenses with respect to (i) Proceedings initiated or brought
voluntarily by the Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law or otherwise as required under applicable law or
(ii) Expenses incurred by the Indemnitee in connection with preparing to serve or serving, prior to a Change in Control, as a witness in cooperation with any party or entity who or which has threatened or commenced any action or proceeding
against the Company, or any director, officer, employee, trustee, agent, representative, subsidiary, parent corporation or affiliate of the Company, but such indemnification or advancement of Expenses in each such case may be provided by the Company
if the Board of Directors finds it to be appropriate; 
 (b) To indemnify the Indemnitee for any Expenses, judgments, fines,
interest or penalties, or excise taxes assessed with respect to any employee benefit or welfare plan, sustained in any Proceeding for which payment is actually made to the Indemnitee under a valid and collectible insurance policy, except in respect
of any excess beyond the amount of payment under such insurance; 
 (c) To indemnify the Indemnitee for any Expenses,
judgments, fines, interest or penalties sustained in any Proceeding for an accounting of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Act or similar
provisions of any foreign or United States federal, state or local statute or regulation; 

  
 - 6 - 

 (d) To indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties,
or excise taxes assessed with respect to any employee benefit or welfare plan, for which the Indemnitee is indemnified by the Company otherwise than pursuant to this Agreement;  

(e) To indemnify the Indemnitee for any Expenses (including without limitation any Expenses relating to a Proceeding attempting to
enforce this Agreement), judgments, fines, interest or penalties, or excise taxes assessed with respect to any employee benefit or welfare plan, on account of the Indemnitee’s conduct if such conduct shall be finally adjudged to have been
knowingly fraudulent, deliberately dishonest or willful misconduct, including, without limitation, breach of the duty of loyalty; or 

(f) If a court of competent jurisdiction finally determines that any indemnification hereunder is unlawful. In this respect, the
Company and the Indemnitee have been advised that the Securities and Exchange Commission takes the position that indemnification for liabilities arising under securities laws is against public policy and is, therefore, unenforceable and that claims
for indemnification should be submitted to appropriate courts for adjudication; 
 (g) To indemnify the Indemnitee in
connection with Indemnitee’s personal tax matter; or 
 (h) To indemnify the Indemnitee with respect to any claim related
to any dispute or breach arising under any contract or similar obligation between the Company or any of its subsidiaries or affiliates and such Indemnitee.  

10. Continuation of Indemnification. All agreements and obligations of the Company contained herein shall continue during the
period that the Indemnitee is a director or officer of the Company (or is or was serving at the request of the Company as an agent of another enterprise, foreign or domestic) and shall continue thereafter so long as the Indemnitee shall be subject
to any possible Proceeding by reason of the fact that the Indemnitee was a director or officer of the Company or serving in any other capacity referred to in this Paragraph 10. 

11. Indemnification Hereunder Not Exclusive. The indemnification provided by this Agreement shall not be deemed to be exclusive
of any other rights to which the Indemnitee may be entitled under the Company’s Articles, any agreement, vote of shareholders or vote of Disinterested Directors, provisions of applicable law, or otherwise, both as to action or omission in the
Indemnitee’s official capacity and as to action or omission in another capacity on behalf of the Company while holding such office. 

12. Successors and Assigns. 

(a) This Agreement shall be binding upon the Indemnitee, and shall inure to the benefit of, the Indemnitee and the Indemnitee’s
heirs, executors, administrators and assigns, whether or not the Indemnitee has ceased to be a director or officer, and the Company and its successors and assigns. Upon the sale of all or substantially all of the business, assets or share capital of
the Company to, or upon the merger of the Company into or with, any corporation, partnership, joint venture, trust or other person, this Agreement shall inure to the benefit of and be binding upon both the Indemnitee and such purchaser or successor
person. Subject to the foregoing, this Agreement may not be assigned by either party without the prior written consent of the other party hereto. 

  
 - 7 - 

 (b) If the Indemnitee is deceased and is entitled to indemnification under any provision
of this Agreement, the Company shall indemnify the Indemnitee’s estate and the Indemnitee’s spouse, heirs, executors, administrators and assigns against, and the Company shall, and does hereby agree to assume, any and all Expenses actually
and reasonably incurred by or for the Indemnitee or the Indemnitee’s estate, in connection with the investigation, defense, appeal or settlement of any Proceeding. Further, when requested in writing by the spouse of the Indemnitee, and/or the
Indemnitee’s heirs, executors, administrators and assigns, the Company shall provide appropriate evidence of the Company’s agreement set out herein to indemnify the Indemnitee against and to itself assume such Expenses. 

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

14. Severability. Each and every paragraph, sentence, term and provision of this Agreement is separate and distinct so that if
any paragraph, sentence, term or provision thereof shall be held to be invalid, unlawful or unenforceable for any reason, such invalidity, unlawfulness or unenforceability shall not affect the validity, unlawfulness or enforceability of any other
paragraph, sentence, term or provision hereof. To the extent required, any paragraph, sentence, term or provision of this Agreement may be modified by a court of competent jurisdiction to preserve its validity and to provide the Indemnitee with the
broadest possible indemnification permitted under applicable law. The Company’s inability, pursuant to a court order or decision, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. 

15. Savings Clause. If this Agreement or any paragraph, sentence, term or provision hereof is invalidated on any ground by any
court of competent jurisdiction, the Company shall nevertheless indemnify the Indemnitee as to any Expenses, judgments, fines, interest or penalties, or excise taxes assessed with respect to any employee benefit or welfare plan, which are incurred
with respect to any Proceeding to the fullest extent permitted by any (a) applicable paragraph, sentence, term or provision of this Agreement that has not been invalidated or (b) applicable law. 

16. Interpretation; Governing Law. This Agreement shall be construed as a whole and in accordance with its fair meaning and any
ambiguities shall not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York
without regard to the conflict of laws principles thereof. 

  
 - 8 - 

 17. Amendments. No amendment, waiver, modification, termination or cancellation of
this Agreement shall be effective unless in writing signed by the party against whom enforcement is sought. The indemnification rights afforded to the Indemnitee hereby are contract rights and may not be diminished, eliminated or otherwise affected
by amendments to the Company’s Articles, or by other agreements, including directors’ and officers’ liability insurance policies, of the Company. 

18. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same
agreement and shall become effective when one or more counterparts have been signed by each party and delivered to the other. 
 19.
Notices. Any notice required to be given under this Agreement shall be directed to the Chief Financial Officer of the Company at 12/F, Fosun International Center Tower, No. 237 Chaoyang North Road, Chaoyang District, Beijing 100022,
People’s Republic of China, and to the Indemnitee at                    or to such other address as either shall designate to the other in
writing. 
 [The remainder of this page is intentionally left blank.] 

  
 - 9 - 

 IN WITNESS WHEREOF, the parties have executed this Indemnification Agreement as of the date first written above.

  

			
	INDEMNITEE
	
	  

	Name:	 	
	
	CHEETAH MOBILE INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 - 10 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]