Document:

EX-10.12

 Exhibit 10.12 

Exclusive Option Agreement 
 This
Exclusive Option Agreement (“this Agreement”) was signed by the following parties on March 22, 2021: 
 Party A: Jiangsu Manyun
Logistics Information Co., Ltd. (originally Beijing Manyun Logistics Information Co., Ltd.), a wholly foreign-owned enterprise established and validly existing under Chinese laws, with its registered address at 3F, Building A, Wanbo
Science & Technology Park, No.66 Huashen Avenue, Yuhuatai District, Nanjing; 
 Party B: 

1.     Hui Zhang, ID Number *********; 
 2.
    Guizhen Ma, ID Number *********; 
 Party C: Beijing Yunmanman Technology Co., Ltd., a limited liability company established
and validly existing under Chinese law, with its registered address at Room 12-2-121502, Building 3, No. 1 Futong East Street, Chaoyang District, Beijing. 

(Party A, Party B and Party C are individually referred to as a “Party” and collectively referred to as the “Parties”.) 

Whereas: 
 (1)    Party B is a registered
shareholder of Party C, and holds 100% equity of Party C in total. On the signing date of this Agreement, its capital contribution and shareholding ratio in the registered capital of Party C are shown in Annex I of this Agreement. 

(2)    Party B agrees to grant Party A an irrevocable call option exclusively. According to such call option, Party B shall transfer the
underlying equity to Party A and/or any other third party designated by Party A according to the requirements of Party A under the premise permitted by Chinese laws. 

In witness whereof, all parties have reached the following agreement through consensus: 

 

	1.	 Call Option 

1.1    During the validity period of this Agreement, Party A has the right to request all natural persons of Party B to transfer all or
part of the equity of Party C (“Underlying Equity”) according to the specific requirements of Party A at any time under the following circumstances, and Party B shall transfer the underlying equity to Party A and/or the third party
designated by Party A according to Party A’s requirements: 
 (1)    According to Chinese laws, Party A and/or the third party
designated by Party A may hold all or part of the underlying equity; or 
 (2)    Other circumstances deemed appropriate or necessary by
Party A. 
 The call options obtained by Party A under this Agreement are exclusive, unconditional and irrevocable. 

 1.2    All parties agree that Party A has the right to exercise all or part of the call
options and obtain all or part of the underlying equity at its own discretion. All parties further agree that when Party A exercises the call option according to the provisions of this Agreement, the time, manner, quantity and frequency are not
limited. 
 1.3    All parties agree that Party A may designate any third party to receive all or part of the underlying equity, and
Party B shall not refuse to transfer all or part of the underlying equity to the designated third party except in cases explicitly prohibited by Chinese laws. 

1.4    Before the underlying equity is transferred to Party A or the third party designated by Party A according to the provisions of this
Agreement, Party B shall not transfer the underlying equity to any third party without the prior written consent of Party A, otherwise such transfer will be invalid. 
  

	2.	 Procedure 

2.1    Party B shall sign the Equity Transfer Contract in the format specified in Annex II of this Agreement while signing this Agreement,
and submit this document to Party A. 
 2.2    If Party A decides to exercise the call option in accordance with Article 1.1 above, it
shall send a written exercise notice to Party B (in the format specified in Annex III of this Agreement), and shall state the proportion or quantity of the underlying equity to be transferred and the name and identity of the transferee in the
notice. Party B and Party C shall provide all necessary information and documents for handling the equity transfer procedures within seven days after receiving the notice from Party A. 

2.3    Except for the conditions mentioned in Article 1.1 and the notice mentioned in Article 2.2 of this Agreement, when Party A
transfers the underlying equity, there are no other prerequisite or incidental conditions or procedures. 
 2.4    Party B shall provide
necessary and timely support to Party C, and assist Party C to handle the approval procedures in the approval authority in accordance with applicable Chinese laws (if required by law) and handle the equity transfer procedures in the administrative
department for industry and commerce. 
 2.5    The date when the transfer procedures for the underlying equity are completed is the
date when the exercise of the call option is completed. 
  

	3.	 Transfer Price 

3.1    The total transfer price of the underlying equity shall be the lowest price allowed by Chinese laws and regulations when the equity
is transferred. If the underlying equity is transferred by stages or in batches, the corresponding transfer price shall be determined according to the specific transfer time and transfer ratio. 

3.2    The taxes arising from the transfer of the underlying equity shall be borne by each party according to law. 

3.3    Party B agrees that all the exercise price (if any) obtained by Party B when Party A or the third party designated by Party A
exercises the right will be freely given to Party C in a manner permitted by law. 

	4.	 Representations, Warranties and Undertakings 

4.1    Any party hereby represents and warrants to the other parties as follows: 

(1)    The party has complete and independent legal status and legal ability to sign, deliver and perform this Agreement, and can
independently act as the litigation subject; 
 (2)    The party has all necessary rights, capabilities and authority to sign this
Agreement and perform all obligations and responsibilities under this Agreement; 
 (3)    The party has handled all necessary internal
procedures for signing this Agreement and obtained all necessary internal and external authorizations and approvals; 
 (4)    When
signing and performing this Agreement, the party will not violate any major 
 contract or agreement that binds the party or its assets; and 

(5)    This Agreement shall be legally and properly signed and delivered by the party. This Agreement constitutes a legal and binding
obligation of the party. 
 4.2    Party B and Party C jointly make further representations and guarantees to Party A as follows: 

(1)    On the effective date of this Agreement, Party B legally owns the equity of Party C, and has complete and effective right to
dispose of the equity. The registered capital of Party C has been fully paid up. Except for the pledge right stipulated in the Equity Interest Pledge Agreement, the authority stipulated in the Voting Agreement, the call option stipulated in this
Agreement and other rights agreed by Party A in writing, the equity of Party C owned by Party B shall be free from any mortgage, pledge, guarantee or other third party right, and shall not be subject to any third party recourse; and any third party
has no right to allocate, issue, sell, transfer or convert any equity of Party C according to any Call Option Agreement, Equity Replacement Agreement, Stock Option Agreement or other agreements. 

(2)    Within the validity period of this Agreement, Party B shall not transfer any equity held by Party C to any third party, or the
transferred equity shall be free and clean of any mortgage, pledge, any other types of encumbrances without the prior written consent of Party A. 

(3)    Where permitted by relevant Chinese laws, Party B and Party C will extend the operating period of Party C according to the approved
operating period of Party A, so that the operating period of Party C is equal to the operating period of Party A (if applicable). 

(4)    Within the validity period of this Agreement, without the written consent of Party A, Party B: 

(i)    shall not increase or decrease the registered capital of Party C, or cause Party C to merge with any other entity; 

(ii)    shall not dispose of or urge the management of Party C to dispose of any major assets of Party C; 

(iii)    shall not terminate or urge the management of Party C to terminate any major agreement signed by Party C, or sign any other
agreement that conflicts with the existing major agreement. 

 (iv)    shall not appoint or replace any director, supervisor or other management
personnel of Party C; 
 (v)    shall not urge Party C to announce the distribution or actually distribute any distributable profits or
dividends; 
 (vi)    shall ensure that Party C effectively survives and is not terminated, liquidated or dissolved; 

(vii)     shall not amend the articles of association of Party C; and 

(viii)    shall ensure that Party C will not lend or borrow loans, provide guarantees or issue the guarantees in other forms, or undertake
any substantive obligations besides the normal business activities. 
 (5)    Once Party A issues a written exercise notice: 

(i)    Party B shall immediately convene the shareholders’ meeting, pass the resolutions of the shareholder meeting and take other
necessary actions, and agree to transfer the underlying equity to Party A and/or its designated third party at the agreed share price, and waive its first refusal right; 

(ii)    According to the signed Equity Transfer Contract, Party B shall immediately transfer the underlying equity to Party A and/or its
designated third party at the agreed transfer price, and provide necessary support (including providing and signing all relevant legal documents, performing all government approval and registration procedures and undertaking all relevant
obligations) to Party A and/or its designated third party to obtain the underlying equity, and the underlying equity shall be free of any legal defects and free from encumbrances and rights such as security interests, third party restrictions or any
other restrictions on the equity. 
  

	5.	 Confidentiality 

The existence and terms of this Agreement are confidential information. Without the prior written consent of the other parties, any party shall not disclose
the confidential information to any third party, except the senior staff, directors, employees, agents and professional consultants related to the project, unless all parties shall disclose the information about this Agreement to the government, the
public or shareholders according to law, or submit this Agreement to relevant institutions for filing. 
 This article shall survive any change,
cancellation or termination of this Agreement. 
  

	6.	 Notice 

Any notice, consent, contract or other communication issued under or in connection with this Agreement shall be in written form and shall be sent to the
following address or other address known by all parties. 
 Party A: Jiangsu Manyun Logistics Information Co., Ltd. 

Address: 3F, Building A, Wanbo Science & Technology Park, No.66 Huashen Avenue, Yuhuatai District, Nanjing 

 Party B: Hui Zhang 

Address: ********** 
 Party B: Guizhen Ma 

Address: ********** 
 Party C: Beijing Yunmanman Technology Co.,
Ltd. 
 Address: Room 12-2-121502, Building 3, No. 1 Futong East
Street, Chaoyang District, Beijing 
 Unless otherwise specified in this Agreement, the notice or communication delivered in person shall be deemed to have
been delivered at the time of delivery. Any notice or communication sent in the form of prepaid envelope shall be deemed to have been delivered forty-eight (48) hours after being posted. 

 

	7.	 Default Liability 

If one party fails to perform any of its obligations under this Agreement, or any statement or guarantee made by it under this Agreement is untrue or
inaccurate, the party is in violation of this Agreement and should compensate for the actual losses caused to the other parties. 
  

	8.	 Force Majeure 

Force Majeure refers to events (including but not limited to earthquake, typhoon, flood, fire, strike, war or riot) that any party cannot foresee and cannot
avoid, control and overcome when this Agreement is signed. If the performance of the Agreement is affected by force majeure, the party suffering from force majeure shall immediately (i) notify the other parties by telegraph, fax or other
electronic form and provide corresponding documentary evidence within fifteen (15) working days; (ii) take all reasonable measures to eliminate or mitigate the impact caused by the force majeure, and resume the performance of relevant
obligations after the impact caused by the force majeure is eliminated or mitigated. According to the degree of impact on the performance of this Agreement, all parties shall decide through negotiation whether to cancel the Agreement, or whether to
partially waive the responsibility for the performance of the Agreement, or whether to delay the performance of the Agreement. 
  

	9.	 Supplementary Provisions 

9.1    This Agreement shall be governed by the laws of China in all respects. All disputes arising from the performance of this Agreement
shall be settled by all parties through friendly negotiation. If all parties fail to reach consensus within thirty (30) days after the disputes arise, the disputes shall be submitted to Shanghai Branch of China International Economic and Trade
Arbitration Commission for arbitration in accordance with the arbitration rules then in effect. The seat of arbitration shall be Shanghai. The arbitration shall be made in Chinese. The arbitration award shall be final and binding on all parties.
Except for the part being submitted for arbitration, other parts of this agreement shall remain valid. During the arbitration, all parties have the right to apply to the people’s court where the Party C is located for property preservation or
take other measures permitted by law, so as to support the arbitration. 

 9.2    This Agreement shall come into force from the date of its execution by all
parties, and shall be terminated after Party A exercises its call option according to this Agreement and obtains all the underlying equity of Party C or when all parties reach any agreement on dissolution of this Agreement. 

9.3    The Annexes to this Agreement shall be an integral part of this Agreement and have the same effect as the text of this Agreement.

 9.4    Each article of this Agreement shall be separable and independent from other articles. If any one or more articles of this
Agreement become invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other articles will not be affected. 

9.5    This Agreement shall be binding on the legal assignees or successors of all parties. 

9.6    All parties shall bear and pay the taxes involved in this Agreement according to law. 

9.7    This Agreement and its annexes constitute the entire agreement concerning the transactions under this Agreement, and shall replace
any and all oral or written communications, commitments, memos or any other discussions made by all parties on matters related to this Agreement. 

9.8    Any amendment or supplement to this Agreement must be made in written form, and shall come into effect only after being effectively
signed by all parties to this Agreement. 
 9.9    This Agreement shall be made in Chinese and in quadruplicate. Party A and Party C
shall hold one copy respectively; and Party B shall hold two copies. 
 (No text below) 

 (Signature page to Exclusive Option Agreement) 

 

			
	Party A: Jiangsu Manyun Logistics Information Co., Ltd.
		
	By:	 	 /s/ Guizhen Ma

	Name:	 	Guizhen Ma
	Title:	 	Legal Representative
	
	Party B:
		
	By:	 	 /s/ Hui Zhang

	Name:	 	Hui Zhang
		
	By:	 	 /s/ Guizhen Ma

	Name:	 	Guizhen Ma
	
	Party C: Beijing Yunmanman Technology Co., Ltd.
		
	By:	 	 /s/ Hui Zhang

	Name:	 	Hui Zhang
	Title:	 	Legal Representative

 Annex I 

[This page is Annex I to the Exclusive Option Agreement] 

Basic information 
 Company name: Beijing
Yunmanman Technology Co., Ltd. 
 Registered capital: RMB 100,000 

Paid-in capital: RMB 0 

Legal representative: Hui Zhang 
 Equity structure: 

 

													
	 Name of

stockholder
	  	Amount of contribution
(RMB 10,000)	 	  	Ratio of
contribution (%)	 	 	Method of
contribution	 
	 Hui Zhang
	  	 	6.5	 	  	 	65	% 	 	 	Currency	 
	 Guizhen Ma
	  	 	3.5	 	  	 	35	% 	 	 	Currency	 

 Annex II 

[This page is Annex II to the Exclusive Option Agreement ] 

Equity Transfer Contract 
 This Equity
Transfer Contract (the “Contract”) is signed by both parties on MM/DD/YY: 
 Transferor (Party A): 

1.    Hui Zhang, ID Number ************; 

2.    Guizhen Ma, ID Number ************; 

Transferee (Party B): 
  

 
 (Party A and Party B are individually
referred to as “one party” and collectively as “both parties”) 
 Through friendly negotiation, the two parties have
reached the following agreement on matters regarding the equity transfer: 
 1.    The Transferor agrees to transfer
    % of its equity in Beijing Yunmanman Technology Co., Ltd. (the “Target Equity”) to the Transferee at RMB    , and the Transferee agrees to accept the Target Equity. 

2.    After the equity transfer, the Transferor shall no longer enjoy shareholder’s rights or assume shareholder’s obligations
of the Target Equity, and the Transferee shall enjoy shareholder’s rights and assume shareholder’s obligations of the Target Equity. 

3.    For matters not mentioned herein, a supplementary agreement may be signed by both parties. 

4.    This Contract shall come into force on the date of signature of both parties hereto. 

5.    This Contract shall be made in _ copies. Party A and Party B shall each hold one copy and the rest shall be used for industrial and
commercial registration of changes. 
 (No text below) 

 [This page is the signature page of the Equity Transfer Contract] 

Transferor: 
 Hui Zhang
(signature):                                       
             
 Guizhen Ma
(signature):                                       
          
 Transferee: 
  

 

 Annex III 

[This page is Annex III to the Exclusive Option Agreement] 

NOTICE OF EXERCISE 
 To: Beijing Yunmanman
Technology Co., Ltd. (“you”) and your shareholders 
 Whereas we signed an Exclusive Option Agreement with you and your shareholders
on (MM/DD/YY), it is agreed that under the conditions permitted by the relevant laws and regulations of China, your shareholders shall, at the request of us, sell the equity they hold in you to us or the transferee designated by us. 

Therefore, we hereby sends this notice to you and your shareholders as follows: 

We hereby request to exercise the call option under the Exclusive Option Agreement at a price of
RMB                 . We/the transferee designated by us shall purchase the equity held by your shareholders that accounts
for     % of your registered capital (the “equity to be transferred”). Upon receipt of this notice, you and your shareholders shall, in accordance with the terms of the Exclusive Option Agreement ,
go through the necessary procedures for selling all the equity to be transferred to us/the transferee designated by the us within            workdays. 

Jiangsu Manyun Logistics Information Co., Ltd. 

(Stamp) 
  

			
	Signature:	 	  

	Name:	 	
	Position:	 	  

 Date:EX-10.13

 Exhibit 10.13 

Equity Interest Pledge Agreement 
 This
Equity Interest Pledge Agreement (this “Agreement”) is signed by the following parties on March 12, 2021: 
 Party A: Full
Truck Alliance Information Consulting Co., Ltd. (the “Pledgee”), a wholly foreign-owned enterprise established and validly existing under Chinese laws, with its registered address at No.123 Kaifa Road, Economic and Technical
Development Area, Guiyang, Guizhou; 
 Party B: [Name of the Shareholder] (the “Pledgor”), ID Number
                            ; 

Party C: Guizhou FTA Logistics Technology Co., Ltd. (the Company with “Pledged Equity” as defined below), a limited liability
company established and validly existing under Chinese law, with its registered address at Room 10, Row 6, No. 123 Kaifa Road, Economic and Technical Development Area, Guiyang, Guizhou. 

(Party A, Party B and Party C are individually referred to as a “Party” and collectively referred to as the
“Parties”.) 
 Whereas: 

(1)    Party A, Party B and Party C have respectively signed the agreements listed in the annex to this Agreement and the annexes to such
agreements (collectively referred to as the “Master Contract”); 
 (2)    Party B holds totally
                % equity of Party C; Party B intends to unconditionally and irrevocably pledge its equity of Party C to Party A as a guarantee for Party B and
Party C to perform all their obligations under the Master Contract. Party A also agrees to accept the aforementioned secured interest (the “Pledge Right”). 

Whereas, after friendly negotiation, Party A, Party B and Party C have agreed the following agreement for joint compliance: 

1.    Pledge 
 Party B agrees to
unconditionally and irrevocably pledge all             % equity of Party C (the “Pledged Equity”) to Party A as a guarantee for Party B and Party C to perform all
their obligations under the Master Contract. The amount and ratio of capital contribution pledged by each shareholder are as follows: 
  

					
	 Name of shareholders
	 	 Pledge capital contribution (RMB: 10,000)
	 	 Pledge capital contribution ratio (%)

		 		 	

 2.    Scope of Warranty 

The scope of warranty of the pledged equity under this Agreement includes all the obligations of Party B and Party C under the Master Contract (including but
not limited to any payment due but yet not paid to Party A, liquidated damages, damage awards, etc.), the costs for the realization of the principal creditor’s right and the pledge right, and all other related costs. 

 3.    Pledge Period 

The equity pledge under this Agreement shall be established from the date when it is registered in the administrative department for industry and commerce of
Party C, and shall be terminated when all the master contracts have been fulfilled, expired or terminated (whichever is later). Within the pledge period, if Party B, Party C, and/or their legal assignees or successors fail to fulfill any of their
obligations under any master contract, or any event of default under Article 8.1 of this Agreement occurs, Party A shall have the right to dispose of the pledge equity according to the provisions of this Agreement. 

4.    Registration 
 4.1
    Party B and C undertake to Party A that they will (i) record the equity pledge issue under this Agreement on the register of shareholders of Party C on the signing date of this Agreement and will submit the register of
shareholders after the equity pledge is recorded to Party A; (ii) deliver the capital contribution certificate issued by Party C to Party B to Party A on the signing date of this Agreement; and (iii) within ten working days since the
signing date of this Agreement or with other feasible shortest period, register the aforementioned equity pledge to the relevant industrial and commercial registration authority for filing, and obtain the relevant registration and filing written
certificates from the registration authority. On the premise of abiding by other provisions of this Agreement, during the term of this Agreement, except for registration and amendment required by Party C’s operation, Party C’s register of
shareholders will be kept by Party A or its designated personnel. 
 4.2    Party B and Party C further undertake that after the signing
of this Agreement, with Party A’s prior written consent, Party B can increase the capital on Party C; after the capital increase, Party B and Party C shall sign an Equity Interest Pledge Agreement with Party A additionally, and shall pledge all
equity after capital increase to Party A; at the same time, carry out necessary amendments to the register of shareholders and the amount of equity contribution of the relevant company immediately, and perform the pledge procedure stipulated in
Article 4.1. 
 4.3    All costs and actual expenses related to this Agreement, including but not limited to registration fee, cost of
production, stamp duty, and any other taxes and expenses, shall be borne by each party respectively according to the relevant laws and regulations. 

5.    Representations and Warranties of Party B and Party C 

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

5.1    Party B, as the legal owner of the pledge equity, has no dispute about the ownership of the pledge equity that has or may occur.
Party B has the right to dispose of part and/or all of the pledge equity, and such right to dispose of is not restricted by any third party. 

5.2    Except for the pledge right stipulated in this Agreement, the power of attorney stipulated in the Power of Attorney and the
call option stipulated in the Exclusive Option Agreement, Party B has not set any other security rights or third party rights and other encumbrances on the pledge equity. 

 5.3    This Agreement is properly signed between Party B and Party C, constituting
legal, effective and binding obligations on them. 
 5.4    Party B and Party C sign and fulfill this Agreement and all applicable laws,
any agreement with them as one party or with binding force on their assets, any court decision, any arbitration organ’s arbitrament, and any administrative organ’s decision (if any), without any violation or conflict. 

5.5    On the premise of permitted by Chinese law, the pledge under this Agreement constitutes the security interest of the first order
for the pledge equity. 
 5.6    Party B and Party C fully understand the content of this Agreement, and their signing and performance
of this Agreement are voluntary, with all the meanings true. Party B and Party C have taken all necessary measures according to Party A’s reasonable requirements, obtained all internal authorizations required by the signing and performance of
this Agreement, and signed all necessary documents to ensure that the equity pledge under this Agreement is legal and effective. 

5.7    In the duration of this Agreement, Party B and Party C shall abide by and implement all Chinese laws and regulations related to the
pledge of rights. Upon receipt of notices, instructions or suggestions issued by the relevant competent authorities on pledge equity, they shall show the above notices, instructions or suggestions to Party A within five (5) working days, and at
the same time abide by the above notices, instructions or suggestions, or raise objections and statements on the above matters according to Party A’s reasonable requirements or with Party A’s written consent. 

5.8    Party B and Party C will not implement, nor promote or allow other parties to conduct any behaviors that may detract, harm or
otherwise damage the value of the pledge equity or the pledge right of Party A. Party B and Party C shall notify Party A in writing within five (5) working days from the date when they have known any events and behaviors that may affect the
value of the pledge equity or the pledge right of Party A. Party A shall take no responsibility for any decrease in the value of the pledge equity, and Party B and Party C shall have no right to recourse or make any request to Party A in any form.

 5.9    Under the condition of complying with the relevant Chinese laws and regulations, the equity pledge under this Agreement is a
continuing guaranty and remains fully effective in the duration of this Agreement. Even if Party B or Party C is insolvent, liquidated, incapacitated, or has changes in organization or status, or has any capital offset between the parties, or any
other event, the equity pledge under this Agreement will not be affected. 
 5.10    For the purpose of implementing this Agreement,
Party A has the right to dispose of the pledge equity in the way stipulated in this Agreement, and Party A shall not be subject to any interruption or impairment through the legal process by Party B or Party C, or the successor of Party B or Party
C, or the consignor of Party B or Party C or anyone else, when Party A exercises its rights according to the terms of this Agreement. 

 5.11     In order to protect or improve this Agreement’s guarantee for Party B and
Party C to fulfill the obligations under the Master Contract, Party B and Party C will sign in good faith, and urge other interested parties related to the pledge equity to sign all the certificates and contracts of rights related to the
implementation of this Agreement and required by Party A, and/or perform or urge other interested parties to fulfill behaviors required by Party A and related to the implementation of this Agreement, and provide convenience for the exercise of the
rights and authorizations granted to Party A under this Agreement. 
 In order to guarantee the interests of Party A, Party B and Party C will abide by and
perform all warranties, undertakings, agreements, representations and conditions. If Party B and/or Party C fails to perform or incompletely performs their warranties, undertakings, agreements, representations and conditions, causing damages to
Party A, Party B and/or Party C shall compensate Party A for all losses incurred thereby. 
 6.    Undertakings by Party B 

Party B hereby undertakes to Party A as follows: 

6.1    Without Party A’s prior written consent, Party B shall not re-establish or allow to
establish any new pledge or any other security interest on the pledge equity, and any fully or partly established pledge on the pledge equity without Party A’s prior written consent or any other security interest will be invalid. 

6.2    Without prior written notice to Party A and obtaining its prior written consent, Party B shall not transfer the pledge equity, and
all of Party B’s actions of transferring the pledge equity without Party A’s prior written consent will be invalid. 

6.3    When any lawsuit, arbitration or other request occurs, and may adversely affect Party A’s rights and interests or pledge
equity under this Agreement, Party B shall warrant to immediately notify Party A in writing and shall take all necessary measures according to Party A’s reasonable requirements, to ensure Party A’s pledge rights and interests on pledge
equity. 
 6.4    Party B shall not conduct or allow any behavior that may adversely affect Party A’s interests and rights or
pledge equity under the Master Contract and this Agreement. 
 6.5    Party B shall warrant to take all necessary measures and sign all
necessary documents (including but not limited to the supplementary agreement of this Agreement) according to Party A’s reasonable requirements to ensure Party A’s pledge rights and interests on the pledge equity and the exercise and
realization of such rights. 
 6.6    If any transfer of pledge equity is caused by the exercise of the pledge right under this
Agreement, Party B shall warrant to take all measures to realize such transfer. 
 6.7    Party B will provide Party A with Party
C’s financial statements of the previous Gregorian calendar quarter within the first month of each Gregorian calendar quarter, including (but not limited to) balance sheet, income statement and cash flow statement. 

7.    Undertakings by Party C 
 Party
C hereby further undertakes to Party A as follows: 
 7.1    Without Party A’s prior written consent, Party C will not assist or
allow Party B to re-establish any new pledge or any other security interest on the pledge equity. 

 7.2    Without the prior written consent of Party A, Party C will not assist or allow
Party B to transfer the pledge equity. 
 7.3    When any lawsuit, arbitration or other request occurs, and may adversely affect the
pledge equity or Party A’s rights and interests under this Agreement, Party C shall warrant to immediately notify Party A in writing and shall take all necessary measures according to Party A’s reasonable requirements, to ensure Party
A’s pledge rights and interests on pledge equity. 
 7.4    Party C shall not conduct or allow any behavior that may adversely
affect Party A’s interests and rights or pledge equity under the Master Contract and this Agreement. 
 7.5    Party C shall
warrant to take all necessary measures and sign all necessary documents (including but not limited to the supplementary agreement of this Agreement) according to Party A’s reasonable requirements to ensure Party A’s pledge rights and
interests on the pledge equity and the exercise and realization of such rights. 
 7.6    If any transfer of pledge equity is caused by
the exercise of the pledge right under this Agreement, Party C shall warrant to take all reasonable measures to realize such transfer. 

8.    Event of Exercise and Exercise of Pledge 

8.1    In case of any of the following events (the “Event of Exercise”), Party A may choose to request Party B or Party C
to immediately and fully perform all of its obligations under this Agreement, and the pledge right established under this Agreement can also be exercised immediately: 

(a)    Any representations, warranties or undertakings made by Party B and Party C in this Agreement or the Master Contract are
inconsistent, incorrect, untrue or no longer correct or true in any respect; or Party B, Party C or their legal assignees or successors violate or fail to abide by any of its obligations under this Agreement or the Master Contract or any
undertakings and warranties that made; or 
 (b)    Any one or more of the obligations of Party B, Party C or their legal assignees or
successors under this Agreement or any master contract are deemed as illegal or invalid transactions; or 
 (c)    Party B or Party C or
their legal assignees or successors seriously violate their obligations under this Agreement. 
 8.2    In case of any of the above
exercise events, Party A may exercise the pledge right by purchasing at a discount, appointing other party to purchase at a discount, auction or sell the pledge equity according to the relevant Chinese laws and regulations. Party A can exercise the
pledge right under this Agreement without needing to first exercise other guarantees or rights, or take other measures or procedures against Party B and/or Party C or anyone else. 

 8.3    Upon the request of Party A, Party B and Party C shall take all legal and
appropriate actions required by Party A to enable it to exercise the pledge right according to this Agreement. For this purpose, Party B and Party C shall sign all the documents and materials reasonably required by Party A, and shall implement and
handle all actions and issues reasonably required by Party A. 
 9.    Transfer 

9.1    Unless with the prior written consent of Party A, Party B and Party C shall have no right to grant or transfer any of their rights
and obligations under this Agreement to any third party, but not including the Exclusive Option Agreement signed between Party B and Party A. 

9.2    This Agreement is binding upon Party B and its legal assignees or successors, and is valid for Party A and each legal assignee or
successor. 
 9.3    Party A may transfer all or any of its rights and obligations under the Master Contract to its designated party
(which may be a natural person/legal person) at any time, in this case, the assignee shall enjoy and assume the rights and obligations that Party A enjoys and assumes under this Agreement, just as it shall enjoy and assume as a party to this
Agreement. When Party A transfers the rights and obligations under the Master Contract, upon the request of Party A, Party B and/or Party C shall sign relevant agreements and documents with regard to such transfer. 

9.4    If any change of Party in this Agreement is caused by the above transfer of Party A, both parties to the new pledge shall sign
another pledge agreement, and Party B and Party C shall assist the assignee in handling all the equity pledge registration changes (if applicable). 

10.    Fundamental Change of Circumstances 

10.1    As a supplement, and without violating other terms of the Master Contract and this Agreement, if at any time, due to the
promulgation or change of any Chinese laws, regulations or rules, or due to the change of interpretation or application of such laws, regulations or rules, or due to the change of related registration procedures, Party A deems that it becomes
illegal to keep this Agreement effective and/or dispose of the pledge equity in the way stipulated in this Agreement or violates such laws, regulations or rules, Party B and C Party shall immediately take any action, and/or sign any agreements or
other documents following Party A’s written instructions and according to Party A’s reasonable requirements, so as to: 

(a)    Maintain this Agreement effective; 

(b)    Facilitate to dispose of the pledge equity in the way stipulated in this Agreement; and/or 

(c)    Maintain or realize the guarantee established or intended to be established in this Agreement. 

11.    Confidentiality 
 The existence
and terms of this Agreement are confidential information. Without the prior written consent of the other parties, any party shall not disclose the confidential information to any third party, except the senior staff, directors, employees, agents and
professional consultants related to the project, unless all parties shall disclose the information about this Agreement to the government, the public or shareholders according to law, or submit this Agreement to relevant institutions for filing.
This article shall survive any change, cancellation or termination of this Agreement. 

 12.    Default Liability 

If one party fails to perform any of its obligations under this Agreement, or any statement or guarantee made by it under this Agreement is untrue or
inaccurate, the party is in violation of this Agreement and should compensate for the actual losses caused to the other parties. 

13.    Force Majeure 
 Force Majeure
refers to events (including but not limited to earthquake, typhoon, flood, fire, strike, war or riot) that any party cannot foresee and cannot avoid, control and overcome when this Agreement is signed. If the performance of the Agreement is affected
by force majeure, the party suffering from force majeure shall immediately (i) notify the other parties by telegraph, fax or other electronic form and provide corresponding documentary evidence within fifteen (15) working days;
(ii) take all reasonable measures to eliminate or mitigate the impact caused by the force majeure, and resume the performance of relevant obligations after the impact caused by the force majeure is eliminated or mitigated. According to the
degree of impact on the performance of this Agreement, all parties shall decide through negotiation whether to cancel the Agreement, or whether to partially waive the responsibility for the performance of the Agreement, or whether to delay the
performance of the Agreement. 
 14.    Notice 

Any notice, consent, contract or other communication issued under or in connection with this Agreement shall be in written form and shall be sent to the
following address or other address known by all parties. 
 Party A: Full Truck Alliance Information Consulting Co., Ltd. 

Address: No.123 Kaifa Road, Economic and Technical Development Area, Guiyang, Guizhou 

Party B: [Name of the Shareholder] 
 Address:
                                         
    
 Party C: Guizhou FTA Logistics Technology Co., Ltd. 

Address: Room 10, Row 6, No. 123 Kaifa Road, Economic and Technical Development Area, Guiyang, Guizhou 

 Unless otherwise specified in this Agreement, the notice or communication delivered in person shall be
deemed to have been delivered at the time of delivery. Any notice or communication sent in the form of prepaid envelope shall be deemed to have been delivered forty-eight (48) hours after being posted. 

15.    Supplementary Provisions 

15.1    This Agreement shall be governed by the laws of China in all respects. All disputes arising from the performance of this Agreement
shall be settled by all parties through friendly negotiation. If all parties fail to reach consensus within thirty (30) days after the disputes arise, the disputes shall be submitted to Shanghai Branch of China International Economic and Trade
Arbitration Commission for arbitration in accordance with the arbitration rules then in effect. The seat of arbitration shall be Shanghai. The arbitration shall be made in Chinese. The arbitration award shall be final and binding on all parties.
Except for the part being submitted for arbitration, other parts of this agreement shall remain valid. During the arbitration, all parties have the right to apply to the people’s court where the Party C is located for property preservation or
take other measures permitted by law, so as to support the arbitration. 
 15.2    This Agreement shall take effect since the date of
signing by all parties and will be terminated after all obligations under the Master Contract are fully implemented or terminated for any reason. 

15.3    The Annexes to this Agreement shall be an integral part of this Agreement and have the same effect as the text of this Agreement.

 15.4    Each article of this Agreement shall be separable and independent from other articles. If any one or more articles of this
Agreement become invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other articles will not be affected. 

15.5    All parties shall bear and pay the taxes involved in this Agreement according to law. 

15.6    Any amendment or supplement to this Agreement must be made in written form, and shall come into effect only after being
effectively signed by all parties to this Agreement. 
 15.7    This Agreement is written in Chinese. The original is made in
sextuplicate. Party A and Party C hold one copy for each; Party B holds two copies; the remaining two originals shall be submitted to the related industrial and commercial registration authority for filing. 

(No text below) 

 (Signature page to Equity Interest Pledge Agreement) 

Party A: Full Truck Alliance Information Consulting Co., Ltd. 

By:
                                         
        
 Name: Zhengju Qian 

Title: Legal Representative 
 Party B: 

By:
                                         
        
 Name: [Name of the Shareholder] 

Party C: Guizhou FTA Logistics Technology Co., Ltd. 
 By:
                                         
        
 Name: Hui Zhang 

Title: Legal Representative 

 Annex 

[This page is an annex to the Equity Interest Pledge Agreement] 

List of Agreements 
  

	1.	 Exclusive Service Agreement 

 

	2.	 Exclusive Option Agreement 

 

	3.	 Power of Attorney 

 Schedule of Material Differences 

One or more Equity Interest Pledge Agreements using this form were executed. Pursuant to Instruction 2 to Item 601 of Regulation S-K, the Registrant may only file this form as an exhibit with a schedule setting forth the material details in which the executed agreements differ from this form: 

 

													
	No	  	 Name of Variable Interest

Entity
	  	 Name of

Shareholder
	  	Pledge capital
contribution
(RMB: 10,000)	 	  	% of
Shareholder’s
Equity
Interest in the
VIE	 
	1	  	Guizhou FTA Logistics Technology Co., Ltd.	  	Hui Zhang	  	 	700	 	  	 	70	% 
	2	  	Guizhou FTA Logistics Technology Co., Ltd.	  	Guizhen Ma	  	 	300	 	  	 	30	%

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