Document:

EX-10.8

 Exhibit 10.8 
  

 
 SHRB 

Strategic Cooperation Agreement 

(February, 2019) 

 Strategic Cooperation Agreement 

Between 
 SHRB 

And 
 Shanghai Qingke
Public Rental Housing Operation 
 and Management Co., Ltd. 

Party A: SHRB 
 Address: Unit 01 and 02, 1/F, Century Avenue
No.1239, China (Shanghai) 
 Pilot Free Trade Zone, China 

Legal representative: Funing Hou 
 Unified Social Credit Code:
913100003245078523 
 Party B: Shanghai Qingke Public Rental Housing Operation and 

Management Co., Ltd. 
 Address: Room 1607, Building A, Greenland
Center, Longhua Middle 
 Road No.596, Xuhui District, Shanghai 

Legal representative: Guangjie Jin 
 Unified Social Credit Code:
913100003208505147 

 WHEREAS: 

(I)     Party A is one of the first batch of five private banks to be piloted nationwide, and it was originated from the
new era of reform and was established in the Shanghai Free Trade Zone. With steady development in good faith and forging ahead to keep pace with the era, Party A is committed to becoming a century-old
enterprise with evergreen foundation. Relying on new thinking and techniques, facing the new economy and serving new enterprises and lifestyles, Party A focuses on small and micro enterprises and the public, serving clients with professional wisdom,
supporting the real economy with business wisdom, and promoting social progress with innovative wisdom. 
 (II)     As a
leader of the distributed long-term rental apartment services that was established in Shanghai in 2012, Party B is committed to providing high-quality long-term rental apartment services for young clients and making extensive use of advanced
Internet and Internet of things technologies to create efficient management and operation. Besides, it also builds an online and offline living community for young tenants to meet their needs in residence, consumption, social life, culture and other
aspects. 
 (III)    Both Parties intend to carry out in-depth cooperation in
the industry of long-term rental apartments and implement the important ideas of the 19th National Congress of the Communist Party of China, that is, we will work faster to put in place a housing system that provides housing for people to live in,
not for speculation and move faster to establish a system that provides housing for people from multiple sources, to ensure housing through multiple channels, and to providing housing for both rental and purchasing needs. Both Parties shall work
together to achieve win-win results for landlords, tenants and suppliers. 

 THEREFORE, both Parties, based on the principles of equality, voluntariness and good faith,
have reached the following agreement. 
 I. Cooperation Principle 

Article 1 Both Parties shall cooperate in accordance with the following principles: 

(I) Standard Operation. The areas, methods and means of cooperation between the Parties shall comply with national laws and regulations,
regulatory authorities and relevant internal provisions between both Parties. 
 (II) Mutual Trust. Both Parties shall cooperate in good
faith and trust each other. 
 (III) Mutual benefit. Through cooperation, both Parties shall benefit from each other and achieve common
development. 
 (IV) Long-term cooperation. The Parties shall establish a harmonious and close strategic cooperative partnership and give
full play to their respective resources and channel advantages, thereby jointly promote the long-term and sustainable development of both businesses. 

II. Cooperation Method 

Article 2 Both Parties undertake to carry out this cooperation in strict accordance with relevant laws, regulations and regulatory
requirements including the Commercial Bank Law of the People’s Republic of China. 
 Article 3 The scope of cooperation between
Party A and Party B is limited to the territory of the People’s Republic of China (excluding Hong Kong, Macao and Taiwan). 

 Article 4 The cooperation method as agreed by both Parties is as follows: Party B is
responsible for the operation of the long-term rental apartment services, and in accordance with laws and regulations and bank regulations, Party A intends to grant Party B a credit line of RMB 2 billion (RMB 450 million shall be used for
the house decoration purchased by Party B and the daily operation of the company, RMB 550 million shall be used for the upstream and downstream supply chain cooperation and RMB 1 billion shall be used for the rental loan) with a loan
interest rate of 7.5%. 
 Article 5 Party B shall conduct business, credit investigation and operation in accordance with laws and
regulations without major changes and ensure that the operating income in 2018 is not less than RMB 800 million. Party B shall meet the loan conditions proposed by Party A and complete the relevant procedures. The specific requirements shall be
subject to the internal approval of Party A, and the Parties shall sign a specific loan contract separately. 
 Article 6 Both
Parties agree to share the relevant information (Including the transaction records formed under the repayment account opened by the customer at party A, hereinafter inclusive) and establish an information transmission system between the Parties on
the basis of acquiring the client authorization and complying with the confidentiality clauses and work together to complete the docking and module development for the system mentioned above. Both Parties undertake to make reasonable use of the
relevant information within the scope of “anti-money laundering, anti-fraud and prevention of illegal fund-raising” and comply with laws, regulations and regulatory authorities when using the financial information of client. 

 Article 7 Both Parties may cooperate in marketing and publicity. During marketing and
promotional activities, either Party, subject to correct self-identification and written consent from the other Party, may use the name or logo of the other Party based on the need to explain the cooperative relationship between both Parties. 

Article 8 Party A and Party B agree to have full and positive communication during the cooperation. Each Party has the duty of
disclosure to inform the other Party of any matter discovered and learned by such Party that may have a significant impact on the business related hereto. 

Article 9 During the term hereof, the specific cooperation matters between the Parties shall be subject to this Agreement, the
supplementary Agreement and the relevant Appendix hereof. 
 III. Rights Protection 

Article 10 Party A and Party B shall ensure that the services, project results, research methods and tools each provides do not
infringe any third party patent rights, trademark rights, copyrights, trade name rights, technical secrets and business method rights. If the innocent Party suffers loss therefrom, the breaching Party shall be liable for compensation. 

Article 11 Both Parties shall ensure that the data sources provided to the other Party comply with the provisions of laws and
regulations and the agreement between the Provider and the Recipient. The Provider shall ensure that the collection and use of electronic personal information of citizens conforms to the principles of legality, legitimacy and necessity and that it
has made clear to the Recipient the purpose, method and scope of the information it collects and uses, and has obtained the consent of the Recipient. 

 Article 12 Prior to the signing hereof, the intellectual property rights of the
Parties, including, but not limited to, information, technological achievements, brands, trademarks, trade names and names, shall be owned by the Parties respectively. Neither Party shall infringe the intellectual property rights of the patent
holder in any way. 
 Article 13 If either Party breaches the rights protection clause stipulated in this Article, the other Party is
entitled to terminate this Agreement at any time and require the breaching Party to bear the losses thus suffered by the non-breaching Party. 

IV. Anti-false Publicity 

Article 14 Both Parties are clear and willing to strictly comply with the Copyright Law, Trademark Law, Patent Law, Anti-unfair
Competition Law and other intellectual property rights, contract laws and advertising laws of the People’s Republic of China. Both Parties are entitled to make true and reasonable use or publicity within the agreed scope of the matters set
out herein in the agreed manner, except for the confidential contents agreed herein. To avoid risks such as trademark infringement and improper publicity, both Parties agree that prior written approval of the other Party shall be obtained before
using the other Party’s trademarks, brands, company name for publicity, otherwise such use or publicity shall not be permitted. Both Parties hereby undertake to respond positively to each other’s reasonable use or publicity on cooperation
matters. Both Parties acknowledge that using the other Party’s trademarks, brands and company name for commercial publicity without prior written consent of such Party; fictitious matters of cooperation; exaggeration of the scope, content,
effect, scale and degree of cooperation shall be deemed as a breach hereof and may constitute unfair competition due to false publicity. The non-breaching Party or the infringed Party reserves the right to
investigate the corresponding legal liability. 

 V. Confidentiality 

Article 15 Both Parties shall keep confidential the business secrets (“Business Secrets”) of each other. “Business
Secrets” includes, but not limited to, the company information provided for the performance hereof, other documents and information arising from the cooperation with respect to the contents hereof, subsequent specific agreements and any
supplementary agreements, documents, client information, financial information and business letters of the other Party or its affiliates obtained by either Party. In addition to the confidentiality undertaking of the aforementioned information, both
Parties are obliged to take all reasonable measures to protect the information received from distribution, dissemination, disclosure, reproduction and abuse and access by irrelevant persons. Both Parties undertake to continue to assume the
confidentiality obligations under this Article after the termination hereof. Either Party is entitled to claim for losses that arise from intentional or negligent disclosure of trade secrets by the other Party. 

 VI. Anti-money Laundering 

Article 16 Both Parties shall, in accordance with the Anti-money Laundering Law of the People’s Republic of China and other
anti-money laundering regulatory laws and regulations, define responsibilities, assist each other, take effective measures and jointly promote the anti-money laundering cooperation: 

(I) Party B shall perform the client identification obligation in accordance with the requirements of anti-money laundering
regulations; 
 (II) Party A shall be able to obtain from Party B copies, scanned copies or electronic copies of valid identification
documents and other materials required by client identification when handling relevant formalities; 
 (III) Party B shall, in accordance
with the law, keep the identity information and transaction records of the client, to ensure that Party A can attach sufficient importance to the transaction and provide information necessary for monitoring and analyzing the transaction,
investigating suspicious transaction activities and investigating and dealing with money laundering cases; 
 (IV) To jointly assist
relevant regulatory agencies to properly handle major anti-money laundering cases; 
 (V) Both Parties shall undertake the anti-money
laundering obligations required by other anti-money laundering laws and regulations in accordance with the regulatory regulations. 
 VII.
Liability for Breach 
 Article 17 If either Party violates this Agreement directly or indirectly, or fails to assume or fails to
timely and fully assume its obligations hereunder, the non-breaching Party is entitled to require the breaching Party to correct its breach. If the breaching Party refuses to correct its breach, the non-breaching Party is entitled to terminate this Agreement and require the breaching Party to assume liability for breach and compensate all losses of the non-breaching
Party. 

 VIII. Dispute Settlement 

Article 18 Any dispute between the Parties shall be settled first by friendly negotiation. If no settlement can be reached through
negotiation, either Party may bring a lawsuit to a people’s court of competent jurisdiction of the location of Party A. 
 IX. Change
and Termination 
 Article 19 This Agreement shall be valid for three years from the effective date hereof. If either Party needs
to terminate this Agreement in advance, it shall notify the other Party in writing three months in advance and obtain the written consent of the other Party before termination. 

The term hereof shall not affect the validity period of a written agreement on a specific business agreed by both Parties. The change hereof
shall be valid only if both Parties reach a consensus through consultation and sign a written agreement. 
 X. Supplementary Provisions

 Article 20 This Agreement shall be made in quadruplicate, and each Party holding two of them, all of which have the same legal
effect. This Agreement shall become effective on the date when the legal representatives or authorized representatives of both Parties sign and affix their official seals. 

 Article 21 For matters not covered herein, the Parties shall sign a written
supplementary agreement, which shall be an integral part hereof. In the event of conflict between the supplementary agreement and this Agreement, the supplementary agreement shall prevail, otherwise, this Agreement shall prevail. 

Article 22 This Agreement shall form part of the subsequent formal and specific agreement between the Parties. 

Article 23 If the contents hereof are inconsistent with any laws, regulations or relevant mandatory provisions of CBRC, the relevant
provisions shall prevail. 
 Article 23 Any express, implied, oral or written explanation, commitment or undertaking made by any
person without the authorization of both Parties and inconsistent with this Agreement shall have no legal effect. 

 (This is the signature page of the Cooperation Agreement only) 

 

	
	Party A (Seal and signature):
	
	SHRB (Official Seal)
	(Sealed)
	
	Legal/authorized representative: (signature)
	/s/ Funing Hou
	
	February 21, 2019
	
	Party B (Seal and signature):
	Shanghai Qingke Public Rental Housing Operation and Management Co., Ltd. (Official Seal)
	(Sealed)
	
	Legal representative/authorized representative: (signature)
	/s/ Guangjie Jin
	
	February 21, 2019EX-10.9

 Exhibit 10.9 

2019 SHARE INCENTIVE PLAN 

ARTICLE 1 
 PURPOSE

 The purpose of this 2019 Share Incentive Plan (the “Plan”) is to promote the success and enhance the value of Q&K
International Group Limited, an exempted company formed under the laws of the Cayman Islands (the “Company”), by linking the personal interests of the Directors, Employees, and Consultants to those of the Company’s shareholders and by
providing such individuals with an incentive for outstanding performance to generate superior returns to the Company’s shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and
retain the services of the Directors, Employees, and Consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. 

ARTICLE 2 
 DEFINITIONS
AND CONSTRUCTION 
 Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context
clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 

2.1    “Applicable Laws” means the legal requirements relating to the Plan and the Awards under
applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders, and the rules of any applicable stock exchange or national market system, of any jurisdiction applicable to Awards granted to residents
therein. 
 2.2    “Award” means an Option, Restricted Share, Restricted Share Unit or any other type
of award approved by the Committee granted to a Participant pursuant to the Plan. 
 2.3    “Award
Agreement” means any written agreement, contract, or other instrument or document evidencing an Award, including through electronic medium. 

2.4    “Board” means the Board of Directors of the Company. 

2.5    “Code” means the Internal Revenue Code of 1986 of the United States, as amended. 

2.6    “Committee” means a committee of the Board described in Article 10. 

2.7    “Consultant” means any consultant or adviser if: (a) the consultant or adviser renders bona
fide services to a Service Recipient; (b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a
market for the Company’s securities; and (c) the consultant or adviser is a natural person who has contracted directly with the Service Recipient to render such services. 

  
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 2.8    “Corporate Transaction”, unless otherwise
defined in an Award Agreement, means any of the following transactions, provided, however, that the Committee shall determine under (d) and (e) whether multiple transactions are related, and its determination shall be final, binding and
conclusive: 
 (a)    an amalgamation, statutory merger, arrangement or consolidation or scheme of arrangement
(i) in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the jurisdiction in which the Company is incorporated or (ii) following which the holders of the voting securities
of the Company do not continue to hold more than 50% of the combined voting power of the voting securities of the surviving entity; 

(b)    the sale, transfer or other disposition of all or substantially all of the assets of the Company; 

(c)    the complete liquidation or dissolution of the Company; 

(d)    any reverse takeover or series of related transactions culminating in a reverse takeover (including, but not
limited to, a tender offer followed by a reverse takeover) in which the Company is the surviving entity but (A) the Company’s equity securities outstanding immediately prior to such takeover are converted or exchanged by virtue of the
takeover into other property, whether in the form of securities, cash or otherwise, or (B) in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are
transferred to a person or persons different from those who held such securities immediately prior to such takeover or the initial transaction culminating in such takeover, but excluding any such transaction or series of related transactions that
the Committee determines shall not be a Corporate Transaction; or 
 (e)    acquisition in a single or series of related
transactions by any person or related group of persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of
securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Committee determines shall not be a
Corporate Transaction. 
 2.9    “Director” means a member of the Board or a member of the board of
directors of any Subsidiary of the Company. 
 2.10    “Disability”, unless otherwise defined in an
Award Agreement, means that the Participant qualifies to receive long-term disability payments under the Service Recipient’s long-term disability insurance program, as it may be amended from time to time, to which the Participant provides
services regardless of whether the Participant is covered by such policy. If the Service Recipient to which the Participant provides service does not have a long-term disability plan in place, “Disability” means that a Participant is
unable to carry out the responsibilities and functions of the position held by the Participant by reason of any medically determinable physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant will
not be considered to have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the Committee in its discretion. 

  
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 2.11    “Effective Date” shall have the meaning set
forth in Section 11.1. 
 2.12    “Employee” means any person, including an officer or a Director,
who is in the employment of a Service Recipient, subject to the control and direction of the Service Recipient as to both the work to be performed and the manner and method of performance. The payment of a director’s fee by a Service Recipient
shall not be sufficient to constitute “employment” by the Service Recipient. 
 2.13    “Exchange
Act” means the Securities Exchange Act of 1934 of the United States, as amended. 
 2.14    “Fair
Market Value” means, as of any date, the value of Shares determined as follows: 
 (a)    If the Shares are
listed on one or more established stock exchanges or national market systems, including without limitation, the New York Stock Exchange or the NASDAQ Stock Market, its Fair Market Value shall be the closing sales price for such shares (or the
closing bid, if no sales were reported) as quoted on the principal exchange or system on which the Shares are listed (as determined by the Committee) on the date of determination (or, if no closing sales price or closing bid was reported on that
date, as applicable, on the last trading date such closing sales price or closing bid was reported), as reported on the website maintained by such exchange or market system or such other source as the Committee deems reliable; 

(b)    If the Shares are regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a
recognized securities dealer, its Fair Market Value shall be the closing sales price for such Shares as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported, the Fair Market Value of
a Share shall be the mean between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in The Wall Street Journal or
such other source as the Committee deems reliable; or 
 (c)    In the absence of an established market for the Shares
of the type described in (a) and (b), above, the Fair Market Value thereof shall be determined by the Committee in good faith and in its discretion by reference to (i) the placing price of the latest private placement of the Shares and the
development of the Company’s business operations and the general economic and market conditions since such latest private placement, (ii) other third party transactions involving the Shares and the development of the Company’s
business operation and the general economic and market conditions since such transaction, (iii) an independent valuation of the Shares, or (iv) such other methodologies or information as the Committee determines to be indicative of Fair
Market Value. 
 2.15    “Group Entity” means any of the Company and Subsidiaries of the Company. 

  
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 2.16    “Incentive Share Option” means an Option that
is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

2.17    “Independent Director” means (i) if the Shares or other securities representing the Shares
are not listed on a stock exchange, a Director of the Company who is a Non-Employee Director; and (ii) if the Shares or other securities representing the Shares are listed on one or more stock exchange, a
Director of the Company who meets the independence standards under the applicable corporate governance rules of the stock exchange(s). 

2.18    “Non-Employee Director” means a member of the Board who
qualifies as a “Non-Employee Director” as defined in Rule 16b-3(b)(3) of the Exchange Act, or any successor definition adopted by the Board. 

2.19    “Non-Qualified Share Option” means an Option that is not
intended to be an Incentive Share Option. 
 2.20    “Option” means a right granted to a Participant
pursuant to Article 5 of the Plan to purchase a specified number of Shares at a specified price during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified Share Option.

 2.21    “Participant” means a person who, as a Director, Consultant or Employee, has been granted an
Award pursuant to the Plan. 
 2.22    “Parent” means a parent corporation under
Section 424(e) of the Code. 
 2.23    “Plan” means this 2019 Share Incentive Plan of the Company,
as amended and/or restated from time to time. 
 2.24    “Related Entity” means any business,
corporation, partnership, limited liability company or other entity in which the Company, a Parent or Subsidiary of the Company holds a substantial ownership interest, directly or indirectly, or controls through contractual arrangements and
consolidates the financial results according to applicable accounting standards, but which is not a Subsidiary and which the Board designates as a Related Entity for purposes of the Plan. 

2.25    “Restricted Share” means a Share awarded to a Participant pursuant to Article 6 that is subject
to certain restrictions and may be subject to risk of forfeiture. 
 2.26    “Restricted Share Unit”
means an Award granted pursuant to Article 7. 
 2.27    “Securities Act” means the Securities Act of
1933 of the United States, as amended. 
 2.28    “Service Recipient” means the Company, any Parent or
Subsidiary of the Company and any Related Entity to which a Participant provides services as an Employee, a Consultant or a Director. 

  
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 2.29    “Share” means the ordinary shares of the
Company (or upon completion of the Company’s initial public offering, the Class A ordinary shares or Class B ordinary shares of the Company), par value US$0.00001per share (or upon completion of the Company’s initial public
offering, par value US$0.000001 per share), and such other securities of the Company that may be substituted for Shares pursuant to Article 9. 

2.30    “Subsidiary” means any corporation or other entity of which a majority of the outstanding voting
shares or voting power is beneficially owned directly or indirectly by the Company. 
 2.31    “Trading
Date” means the closing of the first sale to the general public of the Shares pursuant to a registration statement filed with and declared effective by the U.S. Securities and Exchange Commission under the Securities Act. 

ARTICLE 3 
 SHARES
SUBJECT TO THE PLAN 
 3.1    Number of Shares. 

(a)    Subject to the provisions of Article 9 and Section 3.1(b), the maximum aggregate number of Shares which may be
issued pursuant to all Awards (including Incentive Share Options) (the “Award Pool”) shall be determined by at least two-thirds of votes cast by directors in a duly constituted meeting (which, for
this purpose, shall include all Independent Directors to be quorate), including affirmative votes from all Independent Directors, the size of the Award Pool to be equitably adjusted in the event of any share dividend, subdivision, reclassification,
recapitalization, split, reverse split, combination, consolidation or similar transactions; provided that no Awards shall be granted or agreed to be granted until after the 270th day from the consummation of the Company’s initial public
offering. 
 (b)    To the extent that an Award terminates, expires, or lapses for any reason, any Shares subject to the
Award shall again be available for the grant of an Award pursuant to the Plan. To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form or
combination by a Group Entity shall not be counted against Shares available for grant pursuant to the Plan. Shares delivered by the Participant or withheld by the Company upon the exercise of any Award under the Plan, in payment of the exercise
price thereof or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a). If any Restricted Shares are forfeited by the Participant or repurchased by the Company, such Shares
may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a). Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an
Incentive Share Option to fail to qualify as an incentive share option under Section 422 of the Code. 

  
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 3.2    Shares Distributed. Any Shares distributed pursuant to an
Award may consist, in whole or in part, of authorized and unissued Shares, treasury Shares (subject to Applicable Laws) or Shares purchased on the open market. Additionally, at the discretion of the Committee, any Shares distributed pursuant to an
Award may be represented by American Depository Shares. If the number of Shares represented by an American Depository Share is other than on a one-to-one basis, the
limitations of Section 3.1 shall be adjusted to reflect the distribution of American Depository Shares in lieu of Shares. 
 ARTICLE
4 
 ELIGIBILITY AND PARTICIPATION 

4.1    Eligibility. Persons eligible to participate in this Plan include Employees, Consultants, and Directors, as
determined by the Committee. 
 4.2    Participation. Subject to the provisions of the Plan, the Committee may,
from time to time, select from among all eligible individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No individual shall have any right to be granted an Award pursuant to this Plan. 

4.3    Jurisdictions. In order to assure the viability of Awards granted to Participants employed in various
jurisdictions, the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable in the jurisdiction in which the Participant resides, is employed,
operates or is incorporated. Moreover, the Committee may approve such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms
of the Plan as in effect for any other purpose; provided, however, that no such supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in Section 3.1 of the Plan. Notwithstanding the
foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate any Applicable Laws. 

ARTICLE 5 
 OPTIONS

 5.1    General. The Committee is authorized to grant Options to Participants on the following terms and
conditions: 
 (a)    Exercise Price. Provided that the exercise price per Share shall not be less than the par
value of any such Shares, the exercise price per Share subject to an Option shall be determined by the Committee and set forth in the Award Agreement which may be a fixed price or a variable price related to the Fair Market Value of the Shares. The
exercise price per Share subject to an Option may be amended or adjusted in the absolute discretion of the Committee, the determination of which shall be final, binding and conclusive. For the avoidance of doubt, to the extent not prohibited by
Applicable Laws or any exchange rule, a downward adjustment of the exercise prices of Options mentioned in the preceding sentence shall be effective without the approval of the Company’s shareholders or the approval of the affected
Participants. 

  
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 (b)    Time and Conditions of Exercise. The Committee shall
determine the time or times at which an Option may be exercised in whole or in part, including exercise prior to vesting; provided that the term of any Option granted under the Plan shall not exceed ten years, except as provided in
Section 12.1. The Committee shall also determine any conditions, if any, that must be satisfied before all or part of an Option may be exercised. 

(c)    Payment. The Committee shall determine the methods by which the exercise price of an Option may be paid, the
form of payment, including, without limitation (i) cash or check denominated in U.S. Dollars, (ii) to the extent permissible under the Applicable Laws, cash or check in Chinese Renminbi, (iii) cash or check denominated in any other
local currency as approved by the Committee, (iv) Shares held for such period of time as may be required by the Committee in order to avoid adverse financial accounting consequences and having a Fair Market Value on the date of delivery equal
to the aggregate exercise price of the Option or exercised portion thereof, (v) after the Trading Date the delivery of a notice that the Participant has placed a market sell order with a broker with respect to Shares then issuable upon exercise
of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price; provided that payment of such proceeds is then made to the Company
upon settlement of such sale, (vi) other property acceptable to the Committee with a Fair Market Value equal to the exercise price, or (vii) any combination of the foregoing. Notwithstanding any other provision of the Plan to the contrary,
no Participant who is a member of the Board or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option in any method which would violate
Section 13(k) of the Exchange Act. 
 (d)    Evidence of Grant. All Options shall be evidenced by an Award
Agreement between the Company and the Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee. 

(e)    Effects of Termination of Employment or Service on Options and Other Events. Termination of employment or
service shall have the following effects on Options granted to the Participants: 
 (i)    Unless
otherwise provided in the Award Agreement, and except for the circumstances described under Section 5.1(e)(ii) hereof, if a Participant’s employment by or service to the Service Recipient is terminated for any reason, the
Participant’s Options will terminate upon such termination, whether or not these Options are then vested and/or exercisable, and if the Participant has exercised any Options and holds any Shares obtained by exercising such Options upon such
termination, the Company shall have the right to repurchase these Shares at the aggregate exercise price the Participant has paid for these Options; 

(ii)    Unless otherwise provided in the Award Agreement, if a Participant’s employment by or service
to the Service Recipient terminates as a result of the Participant’s death or Disability: 
  

	 	(a)	 the Participant (or his or her legal representative or beneficiary, in the case of the Participant’s
Disability or death, respectively), will have until the date that is 12 months after the Participant’s termination of employment or service to exercise the Participant’s Options (or portion thereof) to the extent that such Options were
vested and exercisable on the date of the Participant’s termination of employment or service on account of death or Disability; 

  
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	 	(b)	 the Options, to the extent not vested and exercisable on the date of the Participant’s termination of
employment or service, shall terminate upon the Participant’s termination of employment or service on account of death or Disability; and 

  

	 	(c)	 the Options, to the extent exercisable for the 12-month period
following the Participant’s termination of employment or service and not exercised during such period, shall terminate at the close of business on the last day of the 12-month period.

 (iii)    Notwithstanding Section 5.1(e)(i) hereof, unless otherwise provided in
the Award Agreement, if a Participant engages in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of, the Service Recipient, the Participant’s Options will terminate
immediately as of the first incidence of the said unfair completion or acts, whether or not these Options are then vested and/or exercisable. 

5.2    Incentive Share Options. Incentive Share Options may be granted to Employees of the Company or a Subsidiary
of the Company. Incentive Share Options may not be granted to Employees of a Related Entity or to Independent Directors or Consultants. The terms of any Incentive Share Options granted pursuant to the Plan, in addition to the requirements of
Section 5.1, must comply with the following additional provisions of this Section 5.2: 
 (a)    Individual
Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Option is granted) of all Shares with respect to which Incentive Share Options are first exercisable by a Participant in any calendar year may not exceed $100,000
or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Share Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Share Options. 
 (b)    Exercise Price. The exercise price of an
Incentive Share Option shall be equal to the Fair Market Value on the date of grant, provided that the exercise price per Share shall not be less than the par value of any such Share. However, the exercise price of any Incentive Share Option granted
to any individual who, at the date of grant, owns Shares possessing more than ten percent of the total combined voting power of all classes of shares of the Company or any Parent or Subsidiary of the Company may not be less than 110% of Fair Market
Value on the date of grant and such Option may not be exercisable for more than five years from the date of grant. 

(c)    Transfer Restriction. The Participant shall give the Company prompt notice of any disposition of Shares acquired by
exercise of an Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to the Participant. 

  
 8 

 (d)    Expiration of Incentive Share Options. No Award of an
Incentive Share Option may be made pursuant to this Plan after the tenth anniversary of the Effective Date. 

(e)    Right to Exercise. During a Participant’s lifetime, an Incentive Share Option may be exercised only by
the Participant. 
 ARTICLE 6 

RESTRICTED SHARES 

6.1    Grant of Restricted Shares. The Committee, at any time and from time to time, may grant Restricted Shares to
Participants as the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Shares to be granted to each Participant. 

6.2    Restricted Shares Award Agreement. Each Award of Restricted Shares shall be evidenced by an Award Agreement
that shall specify the period of restriction, the number of Restricted Shares granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. Unless the Committee determines otherwise, Restricted Shares shall
be held by the Company as escrow agent until the restrictions on such Restricted Shares have lapsed. 

6.3    Issuance and Restrictions. Restricted Shares shall be subject to such restrictions on transferability and
other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Shares or the right to receive dividends on the Restricted Shares). These restrictions may lapse separately or in combination
at such times, pursuant to such circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter. 

6.4    Forfeiture/Repurchase. Except as otherwise determined by the Committee at the time of the grant of the Award
or thereafter, upon termination of employment or service during the applicable restriction period, Restricted Shares that are at that time subject to restrictions shall be forfeited or repurchased in accordance with the Award Agreement; provided,
however, the Committee may (a) provide in any Restricted Share Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Shares will be waived in whole or in part in the event of terminations resulting
from specified causes, and (b) in other cases waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Shares. 

6.5    Certificates for Restricted Shares. Restricted Shares granted pursuant to the Plan may be evidenced in such
manner as the Committee shall determine. If certificates representing Restricted Shares are registered in the name of the Participant, certificates must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to
such Restricted Shares, and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable restrictions lapse. 

  
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 6.6    Removal of Restrictions. Except as otherwise provided in
this Article 6, Restricted Shares granted under the Plan shall be released from escrow as soon as practicable after the last day of the period of restriction. The Committee, in its discretion, may accelerate the time at which any restrictions shall
lapse or be removed. After the restrictions have lapsed, the Participant shall be entitled to have any legend or legends under Section 6.5 removed from his or her Share certificate, and the Shares shall be freely transferable by the
Participant, subject to applicable legal restrictions. The Committee (in its discretion) may establish procedures regarding the release of Shares from escrow and the removal of legends, as necessary or appropriate to minimize administrative burdens
on the Company. 
 ARTICLE 7 

RESTRICTED SHARE UNITS 

7.1    Grant of Restricted Share Units. The Committee, at any time and from time to time, may grant Restricted
Share Units to Participants as the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Share Units to be granted to each Participant. 

7.2    Restricted Share Units Award Agreement. Each Award of Restricted Share Units shall be evidenced by an Award
Agreement that shall specify any vesting conditions, the number of Restricted Share Units granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. 

7.3    Form and Timing of Payment of Restricted Share Units. At the time of grant, the Committee shall specify the
date or dates on which the Restricted Share Units shall become fully vested and nonforfeitable. Upon vesting, the Committee, in its sole discretion, may pay Restricted Share Units in the form of cash, Shares or a combination thereof. 

7.4    Forfeiture/Repurchase. Except as otherwise determined by the Committee at the time of the grant of the Award
or thereafter, upon termination of employment or service during the applicable restriction period, Restricted Share Units that are at that time unvested shall be forfeited or repurchased in accordance with the Award Agreement; provided,
however, the Committee may (a) provide in any Restricted Share Unit Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Share Units will be waived in whole or in part in the event of terminations
resulting from specified causes, and (b) in other cases waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Share Units. 

ARTICLE 8 
 PROVISIONS
APPLICABLE TO AWARDS 
 8.1    Award Agreement. Awards under the Plan shall be evidenced by Award Agreements
that set forth the terms, conditions and limitations for each Award which may include the term of an Award, the provisions applicable in the event the Participant’s employment or service terminates, and the Company’s authority to
unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award. 

  
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 8.2    No Transferability; Limited Exception to Transfer
Restrictions. 
 (a)    Limits on Transfer. Unless otherwise expressly provided in (or pursuant to) this
Section 8.2, by applicable law and by the Award Agreement, as the same may be amended: 
 (i)    all
Awards are non-transferable and will not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; 

(ii)    Awards will be exercised only by the Participant; and 

(iii)    amounts payable or shares issuable pursuant to an Award will be delivered only to (or for the
account of), and, in the case of Shares, registered in the name of, the Participant. 
 In addition, the shares shall be subject to the
restrictions set forth in the applicable Award Agreement. 
 (b)    Exceptions to Limits on Transfer. Notwithstanding
the foregoing, no provision herein shall prevent or forbid transfers to a trust that was established solely for tax planning purposes and not for purposes of profit or commercial activity or, to one or more “family members” (as such term
is defined in SEC Rule 701 promulgated under the Securities Act of 1933, as amended) by gift or pursuant to a qualified domestic relations order. 

8.3    Beneficiaries. Notwithstanding Section 8.2, a Participant may, in the manner determined by the
Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other person claiming
any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed
necessary or appropriate by the Committee. If the Participant is married and resides in a community property state, a designation of a person other than the Participant’s spouse as his or her beneficiary with respect to more than 50% of the
Participant’s interest in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been designated or survives the Participant, payment shall be made to the person entitled
thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change or revocation is filed with the
Committee. 
 8.4    Performance Objectives and Other Terms. The Committee, in its discretion, shall set
performance objectives or other vesting criteria which, depending on the extent to which they are met, will determine the number or value of the Awards that will be granted or paid out to the Participants. 

  
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 8.5    Share Certificates. 

(a)    Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any
certificates evidencing the Shares pursuant to the exercise of any Award, unless and until the Committee has determined, with advice of counsel, that the issuance and delivery of such certificates is in compliance with all Applicable Laws,
regulations of governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. All Share certificates delivered pursuant to the Plan are subject to any stop-transfer orders and other
restrictions as the Committee deems necessary or advisable to comply with all Applicable Laws, and the rules of any national securities exchange or automated quotation system on which the Shares are listed, quoted, or traded. The Committee may place
legends on any Share certificate to reference restrictions applicable to the Shares. In addition to the terms and conditions provided herein, the Committee may require that a Participant make such reasonable covenants, agreements, and
representations as the Committee, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee shall have the right to require any Participant to comply with any timing or other restrictions
with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee. 

(b)    Notwithstanding anything herein to the contrary, unless otherwise determined by the Committee or required by
Applicable Laws, the Company shall not deliver to any Participant certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded on the books of the Company or, as applicable, its transfer agent or share
plan administrator. 
 8.6    Paperless Administration. Subject to Applicable Laws, the Committee may make Awards
and provide applicable disclosure and procedures for exercise of Awards by an internet website or interactive voice response system for the paperless administration of Awards. 

8.7    Foreign Currency. A Participant may be required to provide evidence that any currency used to pay the
exercise price of any Award was acquired and taken out of the jurisdiction in which the Participant resides in accordance with Applicable Laws, including foreign exchange control laws and regulations. In the event the exercise price for an Award is
paid in Chinese Renminbi or other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the People’s Bank of China for Chinese Renminbi, or for
jurisdictions other than the People’s Republic of China, the exchange rate as selected by the Committee on the date of exercise. 

ARTICLE 9 
 CHANGES IN
CAPITAL STRUCTURE 
 9.1    Adjustments. In the event of any dividend, share split, combination or exchange
of Shares, amalgamation, arrangement or consolidation, spin-off, recapitalization or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other change affecting
the shares of Shares or the share price of a Share, the Committee shall make such proportionate adjustments, if any, as the Committee in its discretion may deem appropriate to reflect such change with respect to (a) the aggregate number and
type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1); (b) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance
targets or criteria with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan. 

  
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 9.2    Corporate Transactions. Except as may otherwise be
provided in any Award Agreement or any other written agreement entered into by and between the Company and a Participant, if the Committee anticipates the occurrence, or upon the occurrence, of a Corporate Transaction, the Committee may, in its sole
discretion , provide, without limitation, and with or without consent of the Participant, for (i) any and all Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise the
vested portion of such Awards during a period of time as the Committee shall determine, or (ii) the purchase of any Award for an amount of cash equal to the amount that could have been attained upon the exercise of such Award (and, for the
avoidance of doubt, if as of such date the Committee determines in good faith that no amount would have been attained upon the exercise of such Award, then such Award may be terminated by the Company without payment), or (iii) the replacement
of such Award with other rights or property selected by the Committee in its sole discretion or the assumption of or substitution of such Award by the successor or surviving corporation, or a Parent or Subsidiary thereof, with appropriate
adjustments as to the number and kind of Shares and prices, or (iv) accelerated vesting, including, but not limited to, payment of such Award in cash based on the value of Shares on the date of the Corporate Transaction plus reasonable interest
on the Award through the date as determined by the Committee when such Award would otherwise be vested or have been paid in accordance with its original terms, if necessary to comply with Section 409A of the Code. 

9.3    Outstanding Awards – Other Changes. In the event of any other change in the capitalization of the
Company or corporate change other than those specifically referred to in this Article 9, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on the date on which such
change occurs and in the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights. 

9.4    No Other Rights. Except as expressly provided in the Plan, no Participant shall have any rights by reason of
any subdivision or consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation.
Except as expressly provided in the Plan or pursuant to action of the Committee under the Plan, and no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason
thereof shall be made with respect to, the number of Shares subject to an Award or the grant or exercise price of any Award. 
 ARTICLE 10

 ADMINISTRATION 

10.1    Committee. The Plan shall be administered by the Board or a committee of one or more members of the Board
(the “Committee”) to whom the Board shall delegate the authority to grant or amend Awards to Participants other than any of the Committee members, Independent Directors and executive officers of the Company. Reference to the Committee
shall refer to the Board in absence of the Committee. Notwithstanding the foregoing, the full Board, acting by majority of its members in office, shall conduct the general administration of the Plan if required by Applicable Laws, and with respect
to Awards granted to the Committee members, Independent Directors and executive officers of the Company and for purposes of such Awards, the term “Committee” as used in the Plan shall be deemed to refer to the Board. The Committee may
further delegate, to the extent permitted by applicable law, to one or more officers of the Company, its powers under this Plan (a) to designate officers, employees and consultants of the Company and its Subsidiaries who will receive grants of
Awards under this Plan, and (b) to determine the number of shares subject to, and the other terms and conditions of, such Awards, in each case within the limits established by the Board or the Committee. 

  
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 10.2    Grant of Other Types of Awards. The Committee, at any
time and from time to time, may grant other types of Awards to Participants as the Committee, in its sole discretion, shall determine, including, without limitation, share appreciation rights, dividend equivalents, share payments and deferred
shares. 
 10.3    Action by the Committee. A majority of the Committee shall constitute a quorum. The acts of a
majority of the members present at any meeting at which a quorum is present, and acts approved unanimously in writing by all members of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is
entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other Employee of a Group Entity, the Company’s independent certified public accountants, or any executive compensation
consultant or other professional retained by the Company to assist in the administration of the Plan. 

10.4    Authority of the Committee. Subject to any specific designation in the Plan, the Committee has the
exclusive power, authority and discretion to: 
 (a)    designate Participants to receive Awards; 

(b)    determine the type or types of Awards to be granted to each Participant; 

(c)    determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(d)    determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the
exercise price, grant price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, and any
provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; 

(e)    determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise
price of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

(f)    prescribe the form of each Award Agreement, which need not be identical for each Participant; 

(g)    decide all other matters that must be determined in connection with an Award; 

  
 14 

 (h)    establish, adopt, or revise any rules and regulations as it may
deem necessary or advisable to administer the Plan; 
 (i)    interpret the terms of, and any matter arising pursuant
to, the Plan or any Award Agreement; 
 (j)    amend terms and conditions of Award Agreements; and 

(k)    make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems
necessary or advisable to administer the Plan, including design and adopt from time to time new types of Awards that are in compliance with Applicable Laws. 

10.5    Decisions Binding. The Committee’s interpretation of the Plan, any Awards granted pursuant to the
Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 

ARTICLE 11 
 EFFECTIVE
AND EXPIRATION DATE 
 11.1    Effective Date. The Plan shall become effective as of the date on which the
Board adopts the Plan (the “Effective Date”). The Plan shall be ratified by the shareholders of the Company by written resolutions or at a meeting duly held in accordance with the applicable provisions of the Company’s Memorandum of
Association and Articles of Association within 12 months of the Effective Date. 
 11.2    Expiration Date. The
Plan will expire on, and no Award may be granted pursuant to the Plan after, the tenth anniversary of the Effective Date. Any Awards that are outstanding on the tenth anniversary of the Effective Date shall remain in force according to the terms of
the Plan and the applicable Award Agreement. 
 ARTICLE 12 

AMENDMENT, MODIFICATION, AND TERMINATION 

12.1    Amendment, Modification, and Termination. At any time and from time to time, the Board may terminate, amend
or modify the Plan; provided, however, that any amendment or modification of Section 3.1 shall be determined by at least two-thirds of votes cast by directors in a duly constituted meeting (which,
for this purpose, shall include all Independent Directors to be quorate), including affirmative votes from all Independent Directors and provided, further, to the extent necessary and desirable to comply with Applicable Laws or stock exchange
rules, the Company shall also obtain shareholder approval of any Plan amendment in such a manner and to such a degree as required, unless the Company decides to follow home country practice. 

12.2    Awards Previously Granted. Except with respect to amendments made pursuant to Section 12.1, no
termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant. 

  
 15 

 ARTICLE 13 

GENERAL PROVISIONS 

13.1    No Rights to Awards. No Participant, employee, or other person shall have any claim to be granted any Award
pursuant to the Plan, and neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly. 

13.2    No Shareholders Rights. No Award gives the Participant any of the rights of a shareholder of the Company
unless and until Shares are in fact issued to such person in connection with such Award. 
 13.3    Taxes. No
Shares shall be delivered under the Plan to any Participant until such Participant has made arrangements acceptable to the Committee for the satisfaction of any income and employment tax withholding obligations under Applicable Laws. The Company or
any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy all applicable taxes (including the Participant’s payroll tax obligations) required
or permitted by Applicable Laws to be withheld with respect to any taxable event concerning a Participant arising as a result of this Plan. The Committee may in its discretion and in satisfaction of the foregoing requirement allow a Participant to
elect to have the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of Shares
which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Participant of such Award after such Shares were acquired by the Participant from the Company) in order to satisfy
any income and payroll tax liabilities applicable to the Participant with respect to the issuance, vesting, exercise or payment of the Award shall, unless specifically approved by the Committee, be limited to the number of Shares which have a Fair
Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for the applicable income and payroll tax purposes that are applicable to such supplemental
taxable income. 
 13.4    No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall
interfere with or limit in any way the right of the Service Recipient to terminate any Participant’s employment or services at any time, nor confer upon any Participant any right to continue in the employment or services of any Service
Recipient. 
 13.5    Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for
incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of
the relevant Group Entity. 

  
 16 

 13.6    Indemnification. To the extent allowable pursuant to the
memorandum and articles of association of the Company and Applicable Laws, each member of the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or
reasonably incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and
against and from any and all amounts paid by him or her in satisfaction of judgment in such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same
before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s
Memorandum of Association and Articles of Association, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

13.7    Relationship to Other Benefits. No payment pursuant to the Plan shall be taken into account in determining
any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the any Group Entity except to the extent otherwise expressly provided in writing in such other plan or an agreement
thereunder. 
 13.8    Expenses. The expenses of administering the Plan shall be borne by the Group Entities.

 13.9    Titles and Headings. The titles and headings of the Sections in the Plan are for convenience of
reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 

13.10    Fractional Shares. No fractional Shares shall be issued and the Committee shall determine, in its
discretion, whether cash shall be given in lieu of fractional Shares or whether such fractional Shares shall be eliminated by rounding up or down as appropriate. 

13.11    Limitations Applicable to Section 16 Persons. Notwithstanding anything herein to the
contrary, the Plan, and any Award granted or awarded to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of
the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by the Applicable Laws, the Plan and
Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

13.12    Government and Other Regulations. The obligation of the Company to make payment of awards in Shares or
otherwise shall be subject to all Applicable Laws, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register any of the Shares paid pursuant to the Plan under the Securities Act or any
other similar law in any applicable jurisdiction. If the Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Act or other Applicable Laws, the Company may restrict the transfer of such
Shares in such manner as it deems advisable to ensure the availability of any such exemption. 

  
 17 

 13.13    Governing Law. The Plan and all Award Agreements shall
be construed in accordance with and governed by the laws of the Cayman Islands. 
 13.14    Section 409A. To the
extent that the Committee determines that any Award granted under the Plan is or may become subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A
of the Code. To the extent applicable, the Plan and the Award Agreements shall be interpreted in accordance with Section 409A of the Code and the U.S. Department of Treasury regulations and other interpretative guidance issued thereunder,
including without limitation any such regulation or other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Committee determines that
any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Committee may adopt such amendments to the Plan and
the applicable Award agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or appropriate to (a) exempt
the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related U.S. Department of
Treasury guidance. 
 13.15    Appendices. Subject to Section 12.1, the Committee may approve such
supplements, amendments or appendices to the Plan as it may consider necessary or appropriate for purposes of compliance with Applicable Laws or otherwise and such supplements, amendments or appendices shall be considered a part of the Plan;
provided, however, that no such supplements shall increase the share limitation contained in Section 3.1 of the Plan without the approval of at least two-thirds of votes cast by directors in a duly
constituted meeting (which, for this purpose, shall include all Independent Directors to be quorate), including affirmative votes from all Independent Directors. 

  
 18

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