Document:

EX-10.6

 Exhibit 10.6 

Equity Interest Pledge Agreement 

by and among 
 Zhizhe
Sihai (Beijing) Technology Co., Ltd. 
 Jixin Huang, Zhong Shao, Liang Zhang 

Yuan Zhou, Shenshen Li, Jie Bai, Dahai Li 

Beijing Chuangxin Fangzhou Technology Co., Ltd. 

Shenzhen Litong Industry Investment Fund Co., Ltd. 

Beijing Sogou Information Services Co., Ltd. 

Xiamen Siyuan Investment Management Co., Ltd. 

Jinghua Jin 
 and

 Beijing Zhizhe Tianxia Technology Co., Ltd. 

July 23, 2018 

 Table of Contents 

 

					
			
	Chapter 1	 	Definitions	  	3
			
	Chapter 2	 	Pledge	  	3
			
	Chapter 3	 	Term, Ratification and Registration of the Pledge	  	4
			
	Chapter 4	 	Custody of the Pledge Records	  	4
			
	Chapter 5	 	Representations and Warranties of Party B and Party C	  	4
			
	Chapter 6	 	Responsibilities and Obligations of Party B	  	5
			
	Chapter 7	 	Default and Exercise of the Pledge	  	6
			
	Chapter 8	 	Force Majeure	  	6
			
	Chapter 9	 	Governing Law and Dispute Resolution	  	7
			
	Chapter 10	 	Miscellaneous	  	7

 Equity Interest Pledge Agreement 

 

 Equity Interest Pledge Agreement 

This Equity Interest Pledge Agreement (this “Agreement”) is executed by and among the following parties on July 23, 2018 in Beijing, the
People’s Republic of China (the “PRC”): 
 Party A (Pledgee): Zhizhe Sihai (Beijing) Technology Co., Ltd., a wholly
foreign-owned enterprise legally established and validly existing in accordance with the laws of the PRC, with its registered address at 3-011, Workshop 1, 3rd Floor, Building 1, A5 Xueyuan Road, Haidian
District, Beijing, and its legal representative is Yuan Zhou; 
 Party B (Pledgor): 

Yuan Zhou 
 ID
Number: **************** 
 Address: **************** 

Jixin Huang 
 ID
Number: **************** 
 Address: **************** 

Liang Zhang 
 ID
Number: **************** 
 Address: **************** 

Zhong Shao 
 ID
Number: **************** 
 Address: **************** 

Shenshen Li 
 ID
Number: **************** 
 Address: **************** 

Jie Bai 
 ID Number:
**************** 
 Address: **************** 

Dahai Li 
 ID
Number: **************** 
 Address: **************** 

Beijing Chuangxin Fangzhou Technology Co., Ltd. 

Legal Representative: **************** 

Address: Room 1001-005, 10th Floor, Building 1, 3 Haidian Avenue, Haidian District 

Shenzhen Litong Industry Investment Fund Co., Ltd. 

Legal Representative: Yuxin Ren 

Address: Room 201, Building A, 1 Qianwan 1st Road, Qianhai Shenzhen-Hong Kong Cooperation Zone,
Shenzhen (settled in Shenzhen Qianhai Commercial Secretary Limited) 

  
 1 

 Equity Interest Pledge Agreement 

 

 Beijing Sogou Information Services Co., Ltd. 

Legal Representative: Yi Zhou 

Address: Room 02, 9th Floor, Sohu Network Building, Building 9, 1 Zhongguancun East Road, Haidian District, Beijing 

Xiamen Siyuan Investment Management Co., Ltd. 

Legal Representative: Xuejun Xie 

Address: Area B, Room 365, 859 Lianqian West Road, Siming District, Xiamen 

Jinghua Jin 
 ID
Number: **************** 
 Address: **************** 

Party C (the company whose equity interests are pledged): Beijing Zhizhe Tianxia Technology Co., Ltd., a limited liability company legally
established and validly existing in accordance with the laws of the PRC, with its registered address at 3-010, Workshop 1, 3rd Floor, Building 1, A5 Xueyuan Road, Haidian District, Beijing, and its legal
representative is Yuan Zhou. 
 Party A, Party B and Party C shall be hereinafter referred to as a “Party” individually, and as the
“Parties” collectively. 
 Whereas: 
  

	1	 Party B, as all of the shareholders of Party C, collectively hold 100% of the equity interests of Party C, of
which Yuan Zhou holds 21.202% (representing RMB 358,731 in the registered capital), Jixin Huang holds 7.068% (representing RMB 119,577 in the registered capital), Liang Zhang holds 7.068% (representing RMB 119,577 in the registered capital), Zhong
Shao holds 9.965% (representing RMB 168,601 in the registered capital), Shenshen Li holds 7.068% (representing RMB 119,577 in the registered capital), Jie Bai holds 1.3% (representing RMB 22,000 in the registered capital), Dahai Li holds 0.693%
(representing RMB 11,730 in the registered capital), Beijing Chuangxin Fangzhou Technology Co., Ltd. holds 18.082% (representing RMB 305,938 in the registered capital), Shenzhen Litong Industry Investment Fund Co., Ltd. holds 9.663% (representing
RMB 163,499 in the registered capital), Beijing Sogou Information Services Co., Ltd. holds 3.136% (representing RMB 53,062 in the registered capital), Xiamen Siyuan Investment Management Co., Ltd. holds 10.585% (representing RMB 179,085 in the
registered capital), Jinghua Jin holds 4.17% (representing RMB 70,553 in the registered capital); 

  

	2	 The Parties, or some of the Parties have entered into the Exclusive Business Cooperation Agreement on
November 8, 2011, the Supplemental Agreement to Exclusive Business Cooperation Agreement on December 30, 2015, the Exclusive Share Option Agreement, the Shareholders Voting Proxy Agreement, and the Supplemental Agreement II to Exclusive
Business Cooperation Agreement on July 23, 2018 (the “Principal Agreements”); 

  
 2 

 Equity Interest Pledge Agreement 

 

	3	 To ensure the timely and full performance of Party B and Party C of their respective responsibilities and
obligations under the Principal Agreements, Party B hereby pledges its Equity Interests (as defined below) to Party A and execute this Agreement to replace the Equity Interest Pledge Agreement executed by the Parties or some of the Parties on
November 30, 2016 (the “Original Equity Interest Pledge Agreement”); 

  

	4	 The Parties hereby confirm and consent to the execution and performance of this Agreement, and their respective
rights and obligations under this Agreement, and mutually agree to provide all necessary assistances in registering the Pledge (as defined below). 

Now, therefore, upon amicable negotiation, the Parties hereby agree as follows: 

Chapter 1 Definitions 
  

	1	 Unless otherwise provided herein, the terms below shall be explained as follows: 

 

	 	1.1	 “Equity Interests”: shall refer to all the equity interests of Party C and all related rights
and interests currently or hereafter held, or substantially controlled by Party B; 

  

	 	1.2	 “Pledge”: shall refer to the right of Party A to be paid in priority with the amount converted
from or the proceeds from auction or sale of the Equity Interests pledged by Party B to Party A; 

  

	 	1.3	 “Term of the Pledge”: shall have the meaning as set forth in Article 6 below;

  

	 	1.4	 “Notice of Default”: shall refer to the notice issued by Party A in accordance with this
Agreement declaring the default of Party B and/or Party C. 

 Chapter 2 Pledge 

 

	2	 Party B hereby pledges all the Equity Interests to Party A as security for timely and full performance of all
the responsibilities and obligations of Party B and Party C under the Principal Agreements. 

  

	3	 The Parties confirm that the secured obligation amount is RMB 10,000,000,000. The Parties understand and agree
that Party A may make reasonable adjustment to the secured obligation amount above at its sole discretion due to the changes in the secured indebtedness and the valuation of the Equity Interests. 

 

	4	 Unless otherwise agreed by Party A in writing, only when Party B and Party C have timely and fully performed
all their responsibilities and obligations under the Principal Agreements, which has been confirmed in writing by Party A, the Pledge under this Agreement may be released. 

 

	5	 If Party B and Party C fail to fully perform all or part of their responsibilities and obligations under the
Principal Agreements upon the expiration of the term set forth therein, Party A shall still be entitled to the Pledge stipulated in this Agreement until the aforesaid responsibilities and obligations have been fully performed. 

  
 3 

 Equity Interest Pledge Agreement 

 

 Chapter 3 Term, Ratification and Registration of the Pledge 

 

	6	 The Pledge shall become effective on such date when the pledge of the Equity Interests contemplated herein is
registered with the relevant administration for industry and commerce (the “AIC”), and the term of the Pledge shall not expire until all responsibilities and obligations of Party B and Party C under the Principal Agreements have
been fully performed (the “Term of the Pledge”). 

  

	7	 Party C shall register the Pledge of this Agreement on its register of members as of the execution date of this
Agreement. If the registration of the Pledge is required to be changed in the future due to changes in the Equity Interests, Party C shall modify the relevant items on its register of members on the date of such changes. 

 

	8	 Within ten (10) business days of the execution of this Agreement, Party B and Party C shall apply to the
relevant AIC for registration. If the Pledge registration needs to be changed in the future due to the changes in the Equity Interests, Party C shall, within ten (10) business days of the date of such change, apply to the relevant AIC for the
modification of the relevant matters. 

  

	9	 During the Term of the Pledge, if Party B or Party C fails to perform its responsibilities or obligations in
accordance with the Principal Agreements, Party A shall be entitled but not obliged to exercise the Pledge in accordance with the provisions of this Agreement. 

Chapter 4 Custody of the Pledge Records 
  

	10	 Party B shall deliver the original capital contribution certificate for Party B to Party A within five
(5) business days of the execution date of this Agreement. If there is any change in the Equity Interests in the future, Party C shall deliver to Party A the original post-change capital contribution certificate for Party B within five
(5) business days of the date of such change. Party B and Party C shall use their reasonable efforts to deliver to Party A as soon as possible the copy of Party C’s latest register of members affixed with Party C’s company seal
certifying consistency with the original copy and the copy of the latest pledge registration certificate documents. Party A shall have custody of such documents during the entire Term of the Pledge. 

 

	11	 During the Term of the Pledge, Party A is entitled to receive dividends distributed to the Equity Interests.

 Chapter 5 Representations and Warranties of Party B and Party C 

 

	12	 Party B and Party C hereby severally and jointly represent and warrant to Party A as follows:

  

	 	12.1	 each of Party B is a natural person with full civil capacity or a business legal person legally established and
validly existing in accordance with the laws of the PRC; Party C is a business legal person legally established and validly existing in accordance with the laws of the PRC; 

  
 4 

 Equity Interest Pledge Agreement 

 

	 	12.2	 Party B is the lawful owner of the Equity Interests, and has fully contributed all the subscribed capital;

  

	 	12.3	 except for the Pledge, Party B has not placed any other pledge or security interests on the Equity Interests;

  

	 	12.4	 the Pledge acquired by Party A in accordance with this Agreement shall not be interrupted or compromised by any
legal proceeding initiated by Party B or Party B’s heir or representative or any other person; 

  

	 	12.5	 Party B and Party C have taken necessary actions and obtained necessary authorizations as well as consents and
approvals from third parties and the government authorities (in necessary) for the execution, delivery, and performance of this Agreement. Party B and Party C’s execution, delivery, and performance of this Agreement will not violate any
governing laws and regulations, contracts, and other documents by which they are bound; 

  

	 	12.6	 as of the execution date of this Agreement, there is no proceeding including litigation, arbitration, or
administrative investigation, etc. against Party B or Party C or their assets that is ongoing or potentially to occur in or out of the PRC regarding this Agreement or which may have material impact on this Agreement; 

 

	 	12.7	 this Agreement shall constitute lawful, valid, and binding obligations of Party B and Party C upon its
effectiveness. 

 Chapter 6 Responsibilities and Obligations of Party B 

 

	13	 Unless otherwise provided herein, during the Term of the Pledge, Party B also shall: 

 

	 	13.1	 not assign its rights or obligations under this Agreement without prior written consent of Party A;

  

	 	13.2	 not transfer the Equity Interests, or place or allow the existence of any other pledge or other encumbrances on
the Equity Interests without prior written consent of Party A; 

  

	 	13.3	 execute all necessary certificates of rights and/or agreements required by Party A in good faith, perform
actions required by Party A, and facilitate the exercise of the rights and/or authorities granted to Party A by this Agreement; 

  

	 	13.4	 comply with and implement all applicable laws and regulations relating to pledge of right, and within five
(5) business days of receipt of any notice, order or recommendation issued or made by the relevant competent authorities regarding the Pledge, present the aforementioned notice, order or recommendation to Party A, and in the meantime comply
with the aforementioned notice, order or recommendation, or submit objections to the aforementioned matters upon Party A’s reasonable request or consent; 

  
 5 

 Equity Interest Pledge Agreement 

 

	 	13.5	 promptly notify Party A of any event that may affect the Equity Interests, and may change any warranty or
obligation of Party B under this Agreement or may affect the performance of Party B’s obligations therein. 

Chapter 7 Default and Exercise of the Pledge 
  

	14	 Any of the following circumstances of Party B or Party C shall constitute a default: 

 

	 	14.1	 failure to perform, fully perform or perform its responsibilities or obligations as stipulated in the Principal
Agreements or this Agreement; 

  

	 	14.2	 any representation and warranty made in the Principal Agreements or this Agreement constitutes a material
misrepresentation in any respect; 

  

	 	14.3	 other violation of the Principal Agreements or this Agreement. 

 

	15	 Party B shall indemnify Party A for any expense, liability or loss incurred by Party A or its directors, senior
management personnel, senior employees or employees, etc. due to Party B or Party C’s default, to hold Party A harmless. 

  

	16	 Upon the default of Party B or Party C, Party A may exercise the Pledge at the same time as Party A issues a
written notice of default to Party B or at any time thereafter. 

  

	17	 When Party A decides to exercise the Pledge, Party B shall no longer have any right or interest related to the
Equity Interests. 

  

	18	 When Party A exercises the Pledge in accordance with this Agreement, the Parties shall provide necessary
assistance to enable Party A to realize the Pledge. 

  

	19	 The proceeds from the disposition of the pledged Equity Interests in accordance with legitimate procedures by
Party A shall not be paid to Party B. 

  

	20	 This Chapter shall remain in force after the termination of this Agreement. 

Chapter 8 Force Majeure 
  

	21	 “Force Majeure” shall refer to unforeseeable, unavoidable and insurmountable events, including
but not limited to, earthquakes, typhoons, floods, fires, wars, riots, strikes, changes of laws and regulations, actions of governments, etc. 

  

	22	 Failure of any Party to perform its obligations under this Agreement due to the direct impact of Force Majeure
shall not constitute a default, provided that: 

  

	 	22.1	 the failure of the Party to perform its obligations under this Agreement is a direct result of Force Majeure;

  

	 	22.2	 the Party has used commercial reasonable efforts to perform its obligations under this Agreement, and taken
necessary actions to reduce the losses of other Parties due to such Force Majeure; 

  
 6 

 Equity Interest Pledge Agreement 

 

	 	22.3	 upon the occurrence of Force Majeure events, the Party affected has promptly notified other Parties in writing,
and provided related written materials and documents evidencing such events within fifteen (15) days of the occurrence, including statements explaining the reasons for such delay or partial performance of this Agreement. 

 

	23	 In the event of Force Majeure, the Parties shall decide whether to amend or terminate this Agreement and
whether to partially or fully release the affected Party from its responsibilities and obligations under this Agreement based on the impact of the event on the performance of this Agreement. 

Chapter 9 Governing Law and Dispute Resolution 
  

	24	 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the laws of the PRC. 

  

	25	 Any Party may submit any dispute arising out of this Agreement to the China International Economic and Trade
Arbitration Commission for arbitration in Chinese in accordance with then effective arbitration rules of such arbitration commission in Beijing. 

  

	26	 The arbitration award shall be final and legally binding on the Parties. The Parties agree to be bound by and
act in accordance with the arbitration award. The costs and expenses related to the arbitration shall be borne by the losing Party or determined by the tribunal otherwise. 

 

	27	 Except for the matters under dispute, the Parties shall continue to exercise their other rights and perform
their other obligations under this Agreement during the arbitration. 

  

	28	 This Chapter shall remain in force regardless of whether this Agreement is amended, dissolved, or terminated.

 Chapter 10 Miscellaneous 
  

	29	 This Agreement shall be legally binding on the successors and permitted assignees of the Parties.

  

	30	 This Agreement may be amended and supplemented by the Parties in writing. Amendments and supplemental
agreements to this Agreement executed by the Parties shall constitute an integral part of this Agreement, and have the same legal effect as this Agreement. 

  

	31	 In the event of any conflict between this Agreement, its amendments and supplemental agreements and the laws of
the PRC, the laws of PRC shall prevail. 

  
 7 

 Equity Interest Pledge Agreement 

 

	32	 In the event that one or several of the provisions of this Agreement are held to be invalid, illegal, or
unenforceable in any aspect in accordance with any law or regulation, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect. The Parties shall strive in good faith
to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close
as possible to the economic effect of those invalid, illegal or unenforceable provisions. 

  

	33	 This Agreement is written in Chinese. The original agreement may be made in one or more counterparts as
required, and each counterpart shall have the same legal effect. 

  

	34	 As of the effective date of this Agreement, the Original Equity Interest Pledge Agreement shall be terminated,
and rights and obligations of the Parties stipulated therein shall terminate accordingly simultaneously. The Parties hereto shall perform their respective rights and obligations in accordance with the provisions hereof. 

(Remainder of the Page Intentionally Left Blank, Signature Pages to Follow) 

  
 8 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

 

			
	Party A:
	
	Zhizhe Sihai (Beijing) Technology Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Yuan Zhou

	Name: Yuan Zhou
	Title: Legal Representative

  
 9 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

Party B: 
  

			
	/s/ Yuan Zhou                            	  	/s/ Jixin Huang                            
	Yuan Zhou	  	Jixin Huang
		
	/s/ Liang Zhang                          	  	/s/ Zhong Shao                            
	Liang Zhang	  	Zhong Shao
		
	/s/ Shenshen Li                          	  	/s/ Jie
Bai                                    
	Shenshen Li	  	Jie Bai
		
	/s/ Dahai Li                                	  	
	Dahai Li	  	

  
 10 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

 

			
	Party B:
	
	Beijing Chuangxin Fangzhou Technology Co., Ltd.
		
	By:	 	 /s/ Company Seal

	Name: Ning Tao
	Title: Legal Representative

  
 11 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

 

			
	Party B:
	
	Shenzhen Litong Industry Investment Fund Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Company Seal

	Name: Yuxin Ren
	Title: Legal Representative

  
 12 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

 

			
	Party B:
	
	Beijing Sogou Information Services Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Company Seal

	Name: Yi Zhou
	Title: Legal Representative

  
 13 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

 

			
	Party B:
	
	Xiamen Siyuan Investment Management Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Company Seal

	Name: Xuejun Xie
	Title: Legal Representative

  
 14 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

 

	
	Party B:
	
	 /s/ Jinghua Jin

	Jinghua Jin

  
 15 

 Equity Interest Pledge Agreement 

 

 Signature Page to Equity Interest Pledge Agreement 

 

			
	Party C:
	
	Beijing Zhizhe Tianxia Technology Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Dahai Li

	Name: Dahai Li
	Title: Legal Representative

  
 16EX-10.7

 Exhibit 10.7 

Exclusive Share Option Agreement 

by and among 
 Zhizhe
Sihai (Beijing) Technology Co., Ltd. 
 Jixin Huang, Zhong Shao, Liang Zhang 

Yuan Zhou, Shenshen Li, Jie Bai, Dahai Li 

Beijing Chuangxin Fangzhou Technology Co., Ltd. 

Shenzhen Litong Industry Investment Fund Co., Ltd. 

Beijing Sogou Information Services Co., Ltd. 

Xiamen Siyuan Investment Management Co., Ltd. 

Jinghua Jin 
 and

 Beijing Zhizhe Tianxia Technology Co., Ltd. 

July 23, 2018 

 Table of Contents 

 

							
	 Chapter 1
	 	Grant of the Option	  	 	2	 
			
	 Chapter 2
	 	Exercise of the Option	  	 	3	 
			
	 Chapter 3
	 	Exercise Price of the Option	  	 	3	 
			
	 Chapter 4
	 	Representations and Warranties of the Parties	  	 	4	 
			
	 Chapter 5
	 	Responsibilities and Obligations of the Parties	  	 	5	 
			
	 Chapter 6
	 	Confidentiality	  	 	7	 
			
	 Chapter 7
	 	Default	  	 	8	 
			
	 Chapter 8
	 	Force Majeure	  	 	8	 
			
	 Chapter 9
	 	Governing Law and Dispute Resolution	  	 	9	 
			
	 Chapter 10
	 	Miscellaneous	  	 	9	 

 Exclusive Share Option Agreement 

 

 Exclusive Share Option Agreement 

This Exclusive Share Option Agreement (this “Agreement”) is executed by and among the following parties on July 23, 2018 in Beijing, the
People’s Republic of China (the “PRC”): 
 Party A (the Obligee): Zhizhe Sihai (Beijing) Technology Co., Ltd., a wholly
foreign-owned enterprise legally established and validly existing in accordance with the laws of the PRC, with its registered address at 3-011, Workshop 1, 3rd Floor, Building 1, A5 Xueyuan Road, Haidian
District, Beijing, and its legal representative is Yuan Zhou; 
 Party B (the Obligor): 

Yuan Zhou 
 ID Number:
**************** 
 Address: **************** 

Jixin Huang 
 ID Number:
**************** 
 Address: **************** 

Liang Zhang 
 ID Number:
**************** 
 Address: **************** 

Zhong Shao 
 ID Number:
**************** 
 Address: **************** 

Shenshen Li 
 ID Number:
**************** 
 Address: **************** 

Jie Bai 
 ID Number:
**************** 
 Address: **************** 

Dahai Li 
 ID Number:
**************** 
 Address: **************** 

Beijing Chuangxin Fangzhou Technology Co., Ltd. 

Legal Representative: Ning Tao 

Address: Room 1001-005, 10th Floor,
Building 1, 3 Haidian Avenue, Haidian District, Beijing 
 Shenzhen Litong Industry Investment Fund Co., Ltd. 

Legal Representative: Yuxin Ren 

Address: Room 201, Building A, 1 Qianwan 1st Road, Qianhai Shenzhen-Hong Kong Cooperation Zone,
Shenzhen (settled in Shenzhen Qianhai Commercial Secretary Limited) 
  

  
 1 

 Exclusive Share Option Agreement 

 

 Beijing Sogou Information Services Co., Ltd. 

Legal Representative: Yi Zhou 

Address: Room 02, 9th Floor, Sohu Network Building, Building 9, 1 Zhongguancun East Road, Haidian District, Beijing 

Xiamen Siyuan Investment Management Co., Ltd. 

Legal Representative: Xuejun Xie 

Address: Area B, Room 365, 859 Lianqian West Road, Siming District, Xiamen 

Jinghua Jin 
 ID
Number: **************** 
 Address: **************** 

Party C: Beijing Zhizhe Tianxia Technology Co., Ltd., a limited liability company legally established and validly existing in accordance with the laws
of the PRC, with its registered address at 3-010, Workshop 1, 3rd Floor, Building 1, A5 Xueyuan Road, Haidian District, Beijing, and its legal representative is Yuan Zhou. 

Party A, Party B and Party C shall be hereinafter referred to as a “Party” individually, and as the “Parties” collectively.

 Whereas: 
  

	1	 Party C is a company established in the PRC with exclusive domestic capital. Party B, as all of the
shareholders of Party C, collectively holds 100% of the equity interests of Party C, of which Yuan Zhou holds 21.202%, Jixin Huang holds 7.068%, Liang Zhang holds 7.068%, Zhong Shao holds 9.965%, Shenshen Li holds 7.068%, Jie Bai holds 1.3%, Dahai
Li holds 0.693%, Beijing Chuangxin Fangzhou Technology Co., Ltd. holds 18.082%, Shenzhen Litong Industry Investment Fund Co., Ltd. holds 9.663%, Beijing Sogou Information Services Co., Ltd. holds 3.136%, Xiamen Siyuan Investment Management Co., Ltd.
holds 10.585%, Jinghua Jin holds 4.17%; 

  

	2	 The Parties, or some of the Parties have entered into the Exclusive Business Cooperation Agreement on
November 8, 2011, the Supplemental Agreement to Exclusive Business Cooperation Agreement on December 30, 2015, the Equity Interest Pledge Agreement and the Supplemental Agreement II to Exclusive Business Cooperation Agreement, etc. on
July 23, 2018, and the Parties agree to execute this Agreement to replace the Exclusive Share Option Agreement executed by the Parties or some of the Parties on November 30, 2016 (the “Original Exclusive Share Option
Agreement”). 

 Now, therefore, upon amicable negotiation, the Parties hereby agree as follows: 

Chapter 1 Grant of the Option 
  

	1	 Party B hereby irrevocably grants Party A an exclusive right to purchase, or designate one or more persons
(each, a “Designee”) to purchase the equity interests in Party C then held by Party B once or at multiple times at any time in part or in whole, at Party A’s sole and absolute discretion, to the extent permitted by PRC laws and
at the price described in Section 3 herein (such right being the “Option”). 

  

  
 2 

 Exclusive Share Option Agreement 

 

	2	 Except for Party A and the Designee(s), no other third party shall be entitled to the Option or other rights in
relation to the equity interests of Party B. 

  

	3	 Party C hereby agrees to the grant by Party B of the Option to Party A. 

Chapter 2 Exercise of the Option 
  

	4	 Subject to the provisions of the laws and regulations of the PRC, Party A may exercise the Option.

  

	5	 Upon the exercise of the Option, Party A shall issue a written notice for the purchase of the equity interests
to Party B (the “Exercise Notice”), in which the following issues shall be specified: 

  

	 	5.1	 Party A’s decision to exercise the Option; 

 

	 	5.2	 the portion of equity interests contemplated to be purchased by Party A from Party B (the “Optioned
Interests”); and 

  

	 	5.3	 the date of purchase (the date of transfer) for the Optioned Interests. 

 

	6	 Party B shall, on the date of purchase (the date of transfer), transfer the Optioned Interests to Party A or
its Designee(s) in accordance with the terms and conditions set forth herein. 

 Chapter 3 Exercise Price of the Option

  

	7	 The total exercise price/purchase price of the Optioned Interests shall be RMB ten (10) (the “Base
Exercise Price”). 

  

	8	 If the equity interests are required to be evaluated by the PRC laws at the time of Party A’s exercise of
the Option, the Parties shall otherwise negotiate in good faith and make necessary adjustments to the Base Exercise Price (collectively, the “Exercise Price”) on the basis of such evaluation to comply with the requirements of any
PRC laws then applicable. 

  

	9	 Party A shall pay the Exercise Price to Party B within five (5) business days of the date on which the
modification of registration with the administration of industry and commerce is completed regarding the exercise of the Option (or the transfer of the equity interests). 

 

	10	 Any proceeds obtained by Party B from Party A’s exercise of the Option shall be returned to Party A in the
form of donation or other forms. 

  
 3 

 Exclusive Share Option Agreement 

 

 Chapter 4 Representations and Warranties of the Parties 

 

	11	 Party A hereby represents and warrants to Party B and Party C as follows: 

 

	 	11.1	 Party A is a business legal person legally established and validly existing in accordance with the laws of the
PRC and entitled to hold and operate its assets and carry out its business; 

  

	 	11.2	 Party A has taken necessary corporate actions and obtained necessary authorizations as well as consents and
approvals from third parties and government authorities (if necessary) for the execution, delivery, and performance of this Agreement. Party A’s execution, delivery, and performance of this Agreement will not violate explicit provisions of laws
and regulations, or the provisions of any documents by which it is bound; 

  

	 	11.3	 as of the execution date of this Agreement, there is no proceeding including litigation, arbitration, or
administrative investigation, etc. against Party A or its assets that is ongoing or potentially to occur in or out of the PRC regarding this Agreement or which may have material impact on this Agreement; 

 

	 	11.4	 this Agreement shall constitute lawful, valid, and binding obligations of Party A upon its effectiveness.

  

	12	 Party B and Party C hereby severally and jointly represent and warrant to Party A as follows:

  

	 	12.1	 each of Party B is a natural person with full civil capacity or a business legal person legally established and
validly existing in accordance with the laws of the PRC; Party C is a business legal person legally established and validly existing in accordance with the laws of the PRC; 

 

	 	12.2	 Party B is the lawful owner of the equity interests in Party C, and has fully contributed all the subscribed
capital; 

  

	 	12.3	 Party B and Party C have taken necessary actions and obtained necessary authorizations as well as consents and
approvals from third parties and government authorities (in necessary) for the execution, delivery, and performance of this Agreement. Party B and Party C’s execution, delivery, and performance of this Agreement will not violate explicit
provisions of laws and regulations, or the provisions of any documents by which they are bound; 

  

	 	12.4	 as of the execution date of this Agreement, there is no proceeding including litigation, arbitration, or
administrative investigation, etc. against Party B or Party C or their assets that is ongoing or potentially to occur in or out of the PRC regarding this Agreement or which may have material impact on this Agreement; 

 

	 	12.5	 Party B has good and marketable ownership of the equity interests in Party C, and has not placed any security
interest on the said equity interests other than the security interest established in accordance with the Equity Interest Pledge Agreement executed by the Parties; 

  
 4 

 Exclusive Share Option Agreement 

 

	 	12.6	 Party C has good and marketable ownership of all its assets, and has not placed any security interest on the
said assets; 

  

	 	12.7	 except for debts incurred in the ordinary course of business and debts which have been disclosed to and
approved by Party A in writing, Party C has no outstanding debts; 

  

	 	12.8	 this Agreement shall constitute lawful, valid, and binding obligations of Party B and Party C upon its
effectiveness. 

 Chapter 5 Responsibilities and Obligations of the Parties 

 

	13	 Unless otherwise provided herein, Party A also shall: 

 

	 	13.1	 provide services to Party B in accordance with the terms and conditions herein; 

 

	 	13.2	 strictly perform its obligations under this Agreement and any relevant agreements to which it is a party.

  

	14	 In addition to other provisions of this Agreement, Party B and Party C: 

 

	 	14.1	 without the prior written consent of Party A, shall not supplement, revise or modify Party C’s articles of
association in any manner, increase or decrease its registered capital, or change the structure of its registered capital in other manner; 

  

	 	14.2	 shall maintain the company’s existence in accordance with good financial and business standards and
practices, and prudently and effectively operate their business and handling their affairs; 

  

	 	14.3	 without the prior written consent of Party A and at any time following the execution date of this Agreement,
shall not sell, transfer, mortgage or dispose of in any manner any assets, business or revenues of Party C, or allow any security interest, pledge or other encumbrance thereon; 

 

	 	14.4	 without the prior written consent of Party A, shall not incur, inherit, guarantee or allow the existence of any
debt, except for those incurred in the ordinary course of business other than through loans, and those that have been disclosed to and approved in writing by Party A; 

 

	 	14.5	 shall always operate all the businesses within the ordinary course of business to maintain the asset value of
Party C and refrain from any action that may affect Party C’s operating condition and asset value; 

  

	 	14.6	 without the prior written consent of Party A, Party C shall not execute any Material Agreement, except the
agreements executed in the ordinary course of business (“Material Agreement” shall refer to any agreement with a total price exceeding RMB five hundred thousand (500,000)); 

  
 5 

 Exclusive Share Option Agreement 

 

	 	14.7	 without the prior written consent of Party A, Party C shall not provide any person with any loan or security;

  

	 	14.8	 if requested by Party A, Party C shall procure insurance in respect of its assets and business from an
insurance carrier acceptable to Party A, in an amount and of a type of coverage typical for companies operating similar businesses; 

  

	 	14.9	 without the prior written consent of Party A, Party C shall not merge into, consolidate with, acquire or invest
in any person; 

  

	 	14.10	 shall immediately notify Party A of any impeding or potential occurrence of any litigation, arbitration, or
administrative proceedings relating to Party C’s assets, business, or revenues; 

  

	 	14.11	 to maintain Party C’s ownership of all its assets, shall execute all necessary or appropriate documents,
take all necessary or appropriate actions, and file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims; 

  

	 	14.12	 without the prior written consent of Party A, Party C shall not in any manner distribute dividends to its
shareholders, provided that upon Party A’s request, Party C shall immediately distribute all distributable profits to its shareholders; 

  

	 	14.13	 for each exercise of the Option by Party A: 

 

	 	(1)	 shall promptly convene a shareholders’ meeting, at which a resolution shall be adopted approving Party
B’s transfer of the Optioned Interests to Party A and/or the Designee(s); 

  

	 	(2)	 each of Party B shall waive the right of first refusal to each other with respect thereto and issue written
declarations; 

  

	 	(3)	 to execute in good faith and ensure other relevant parties to execute all necessary documents requested by
Party A, to perform and ensure other relevant parties to perform actions requested by Party A, and to facilitate the exercise of the rights and/or authorization granted to Party A hereunder; 

 

	 	(4)	 obtain all necessary governmental approvals and permits, take all necessary actions to transfer valid ownership
of the Optioned Interests to Party A and/or the Designee(s) and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interests without any defect or encumbered thereon. 

 

	 	14.14	 as for the loss, damage, liability, or expense caused by any lawsuit, claim or other demand against Party A
arising from or caused by its exercise of the Option in accordance with this Agreement, shall fully indemnify Party A and hold Party A harmless, unless such loss, damage, liability, or expense arise from the gross negligence or willful misconduct of
Party A; 

  

  
 6 

 Exclusive Share Option Agreement 

 

	 	14.15	 strictly perform their obligations under this Agreement and any relevant agreements to which they are parties.

 Chapter 6 Confidentiality 
  

	15	 This Agreement and its terms, as well as the technologies, technics, methods, specifications, designs,
software, databases, trade secrets, other proprietary information, other confidential business information and technical information disclosed by any Party to other Parties pursuant to this Agreement or other provisions, shall be confidential
information. 

  

	16	 The Parties shall take all necessary confidentiality measures and precautions to protect the confidentiality of
the confidential information. Such confidentiality measures and precautions shall be consistent with the respective measures and precautions taken by each Party to protect its own corresponding sensitive information, and shall in any case at least
conform to the reasonable standards adopted by business entities to protect their own highly confidential information and trade secrets. 

  

	17	 The Party receiving the confidential information shall not disclose any confidential information to any third
party without the written consent of the owner of the confidential information. 

  

	18	 The Party receiving the confidential information may (1) disclose the confidential information to its
designated employees who need to know such information at work for the purpose of performing this Agreement, provided that it shall take all reasonable precautions (including entering into confidentiality agreements with the designated employees or
including confidentiality clauses in labor agreements with designated employees) to prevent such employees from utilizing confidential information for personal benefits or disclosing confidential information without authorization to third parties;
(2) disclose the confidential information to lawyers, accountants and other intermediaries who must know the confidential information to provide professional assistance, but shall ensure such intermediaries are also subject to confidentiality
obligations similar to those set forth in this Article. Any disclosure by the staff or agencies engaged by any Party shall be deemed as the disclosure of such Party, and such Party shall be liable for breach of contract in accordance with this
Agreement. 

  

	19	 The following circumstances shall not be deemed as breach of confidentiality obligation: (1) the
confidential information is already known to other Party(ies) at the time of disclosure; (2) the confidential information is lawfully obtained by other Party(ies) from a third party without breaching its confidentiality obligation; (3) the
confidential information has become known to the public without the fault of other Party(ies); (4) the confidential information is independently developed by other Party(ies) without direct or indirect use of such confidential information; or
(5) the confidential information is required to be disclosed pursuant to relevant laws, regulations, litigation proceedings or judicial orders, any applicable stock exchange rules or regulations, or governmental decisions or orders.

  
 7 

 Exclusive Share Option Agreement 

 

	20	 This Chapter shall remain in force regardless of whether this Agreement is amended, dissolved, or terminated.

 Chapter 7 Default 
  

	21	 Any of the following circumstances of a Party shall constitute a default: 

 

	 	21.1	 failure to perform, fully perform or perform its responsibilities or obligations as stipulated in this
Agreement; 

  

	 	21.2	 any representation and warranty constitute a material misrepresentation in any respect; 

 

	 	21.3	 other violation of this Agreement. 

 

	22	 Upon the default by any Party, the Party shall remedy the default within thirty (30) days.

  

	23	 The breaching Party shall indemnify the related Parties for any expense, liability or loss incurred by such
Parties or their directors, senior management personnel, senior employees, or employees, etc. due to the breaching Party’s default, to hold such Parties harmless. 

 

	24	 The rights and remedies set forth in this Chapter are cumulative and shall not exclude other rights or remedies
provided by other terms of this Agreement and laws and regulations. 

  

	25	 The waiver to the breach of the breaching Party is valid only if it is made in writing; no failure or delay by
a Party in exercising any of its rights or remedies under this Agreement shall constitute a waiver of such Party; the partial exercise of a right or remedy by a Party shall not preclude its exercise of any other right or remedy.

  

	26	 This Chapter shall remain in force regardless of whether this Agreement is amended, dissolved, or terminated.

 Chapter 8 Force Majeure 
  

	27	 “Force Majeure” shall refer to unforeseeable, unavoidable, and insurmountable events,
including but not limited to, earthquakes, typhoons, floods, fires, wars, riots, strikes, changes of laws and regulations, actions of governments, etc. 

  

	28	 Failure of any Party to perform its obligations under this Agreement due to the direct impact of Force Majeure
shall not constitute a default provided that: 

  

	 	28.1	 the failure of the Party to perform its obligations under this Agreement is a direct result of Force Majeure;

  

	 	28.2	 the Party has used commercial reasonable efforts to perform its obligations under this Agreement, and taken
necessary actions to reduce the losses of the other Parties due to such Force Majeure; 

  

  
 8 

 Exclusive Share Option Agreement 

 

	 	28.3	 upon the occurrence of Force Majeure events, the Party affected has promptly notified other Parties in writing,
and provided related written materials and documents evidencing such events within fifteen (15) days of the occurrence, including statements explaining the reasons for such delay of or partial performance of this Agreement.

  

	29	 In the event of Force Majeure, the Parties shall decide whether to amend or terminate this Agreement and
whether to partially or fully release the affected Party from its responsibilities and obligations under this Agreement based on the impact of the event on the performance of this Agreement. 

Chapter 9 Governing Law and Dispute Resolution 
  

	30	 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the laws of the PRC. 

  

	31	 Any Party may submit any dispute arising out of this Agreement to the China International Economic and Trade
Arbitration Commission for arbitration in Chinese in accordance with then effective arbitration rules of such arbitration commission in Beijing. 

  

	32	 The arbitration award shall be final and legally binding on the Parties. The Parties agree to be bound by and
act in accordance with the award. The costs and expenses related to the arbitration shall be borne by the losing Party or determined by the tribunal otherwise. 

 

	33	 Except for the matters under dispute, the Parties shall continue to exercise their other rights and perform
their other obligations under this Agreement during the arbitration. 

  

	34	 This Chapter shall remain in force regardless of whether this Agreement is amended, dissolved, or terminated.

 Chapter 10 Miscellaneous 
  

	35	 This Agreement shall take effect as of the date of execution. This Agreement shall remain in force unless
terminated in accordance with the provisions of this Agreement or upon the written request of Party A, or must be terminated in accordance with the requirements of applicable PRC laws and regulations. 

 

	36	 This Agreement shall be legally binding on the successors and permitted assignees of the Parties.

  

	37	 This Agreement may be amended and supplemented by the Parties in writing. Amendments and supplemental
agreements to this Agreement executed by the Parties shall constitute an integral part of this Agreement, and shall have the same legal effect as this Agreement. 

  
 9 

 Exclusive Share Option Agreement 

 

	38	 In the event of any conflict between this Agreement, its amendments and supplemental agreements and the laws of
the PRC, the laws of the PRC shall prevail. 

  

	39	 In the event that one or several of the provisions of this Agreement are held to be invalid, illegal or
unenforceable in any aspect in accordance with any law or regulation, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect. The Parties shall strive in good faith
to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close
as possible to the economic effect of those invalid, illegal or unenforceable provisions. 

  

	40	 This Agreement is written in Chinese. The original agreement may be made in one or more counterparts as needed,
and each counterpart shall have the same legal effect. 

  

	41	 As of the effective date of this Agreement, the Original Exclusive Share Option Agreement shall be terminated,
and rights and obligations of the Parties stipulated therein shall terminate accordingly simultaneously. The Parties hereto shall perform their respective rights and obligations in accordance with the provisions hereof. 

(Remainder of the Page Intentionally Left Blank, Signature Pages to Follow) 

  
 10 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

 

			
	Party A:
	
	Zhizhe Sihai (Beijing) Technology Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Yuan Zhou

	Name: Yuan Zhou
	Title: Legal Representative

  
 11 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

Party B: 
  

			
	/s/ Yuan Zhou                                	  	/s/ Jixin Huang                                
	Yuan Zhou	  	Jixin Huang
		
	/s/ Liang Zhang                              	  	/s/ Zhong Shao                                
	Liang Zhang	  	Zhong Shao
		
	/s/ Shenshen Li                              	  	/s/ Jie
Bai                                        

	Shenshen Li	  	Jie Bai
		
	/s/ Dahai
Li                                    	  	
	Dahai Li	  	

  
 12 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

 

			
	Party B:
	
	Beijing Chuangxin Fangzhou Technology Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Company Seal

	Name: Ning Tao
	Title: Legal Representative

  
 13 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

 

			
	Party B:
	
	Shenzhen Litong Industry Investment Fund Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Company Seal

	Name: Yuxin Ren
	Title: Legal Representative

  
 14 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

 

			
	Party B:
	
	Beijing Sogou Information Services Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Yi Zhou

	Name: Yi Zhou
	Title: Legal Representative

  
 15 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

 

			
	Party B:
	
	Xiamen Siyuan Investment Management Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Company Seal

	Name: Xuejun Xie
	Title: Legal Representative

  
 16 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

 

	
	Party B:
	
	 /s/ Jinghua Jin

	Jinghua Jin

  
 17 

 Exclusive Share Option Agreement 

 

 Signature Page to Exclusive Share Option Agreement 

 

			
	Party C:
	
	Beijing Zhizhe Tianxia Technology Co., Ltd.
	(Company Seal)
		
	By:	 	 /s/ Yuan Zhou

	Name: Yuan Zhou
	Title: Authorized Signatory

  
 18

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