Document:

EX-4.4

 Exhibit 4.4 

Execution Version 
 MOMO
TECHNOLOGY COMPANY LIMITED 
 THIRD AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 

This THIRD AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT (the “Agreement”) is made as of May 15th, 2014 by and among Momo Technology Company Limited (the “Company”), the Investors listed on Schedule 1 attached to this Agreement (each an “Investor” and
collectively the “Investors”), the Persons listed on Schedule 2(A) attached to this Agreement (each a “Founder” and collectively the “Founders”), the Persons listed on Schedule 2(B) attached
to this Agreement (each a “Founder Holdco” and collectively the “Founder Holdcos”, and together with the Founders, the “Founder Parties”), Momo Technology HK Company Limited (

) (the “HK Co”), Beijing Momo Technology Co., Ltd. (

) (the “Domestic Company”), and Beijing Momo Information Technology Co., Ltd. (

) (the “WFOE”). This Agreement shall be effective as to all parties as of the date hereof. 

RECITALS 
 WHEREAS,
the Company, the Investors (other than the Series D Investors), the Founders, the HK Co, the Domestic Company and the WFOE entered into a Second Amended and Restated Shareholders’ Agreement (the “Prior Shareholders’
Agreement”), dated October 8, 2013; 
 WHEREAS, the Company, the Series D Investors, the Founder Parties, the HK Co,
the WFOE, and the Domestic Company entered into a Series D Preferred Share Purchase Agreement dated as of April 22, 2014 (the “Purchase Agreement”), pursuant to which each Series D Investor will purchase from the Company the
corresponding number of Series D Preferred Shares as set forth on Schedule 1 attached to this Agreement; and 
 WHEREAS, the
Purchase Agreement provides that the execution and delivery of this Agreement by the Parties shall be a condition precedent to the consummation of the transactions contemplated under the Purchase Agreement. 

NOW, THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS: 
  

	1.	DEFINITIONS. 

 For purposes of this Agreement, capitalized terms shall have the
meanings set forth in Exhibit A attached hereto. 
  

	2.	REGISTRATION RIGHTS. 

 The registration rights of the Investors with respect to
the Company and the rights and obligations of the Parties with respect to registration of the Company’s Ordinary Shares are set forth on Exhibit B attached hereto. The rights set forth in Exhibit B shall terminate upon the earlier
of: (i) the date of the completion of a Liquidation Event, (ii) as to any Holder, when all Registrable Securities held by such Holder (together with any Affiliate of such Holder with whom such Holder must aggregate its sales under SEC
Rule 144) could be sold without restriction under SEC Rule 144(k) within a ninety (90) day period, and (iii) the date that is five (5) years following the consummation of the Qualified IPO of the Company. 

	3.	INFORMATION RIGHTS. 

  

	3.1	Delivery of Financial Statements. 

 The Company shall deliver to the Investors: 

 

	 	(a)	as soon as practicable, but in any event within ninety (90) days after the end of each financial year of the Company, (i) an audited annual consolidated balance sheet as of the last day of such year;
(ii) an audited consolidated income statement for such year; and (iii) an audited consolidated statement of cash flows for such year; such year-end financial statements to be in reasonable detail,
prepared in accordance with US GAAP or IFRS, acceptable to the Investors and consistently applied and in each case setting forth in comparative form figures for the previous year and audited and certified by independent public accountants of
internationally recognized standing selected by the Company with the approval of the Board of Directors, including the affirmative consent of at least one (1) AIL Director, one (1) Matrix Director, the Sequoia Director and the Yunfeng
Director, and accompanied by a report and opinion thereon by such independent public accountants; 

  

	 	(b)	as soon as practicable, but in any event within thirty (30) days after the end of each quarter of each financial year of the Company, (i) an unaudited consolidated balance sheet as of the last day of such
quarter; (ii) an unaudited consolidated income statement for such quarter; and (iii) an unaudited consolidated statement of cash flows for such quarter; 

 

	 	(c)	as soon as practicable, but in any event forty-five (45) days prior to the end of each financial year, a proposed budget and business plan for the next financial year to be submitted to the Board for approval
(collectively, the “Budget”), prepared on a monthly basis including, revenues, expenses, cash position, balance sheets and sources and applications of funds statements (including any anticipated or planned capital expenditure or
borrowings) for such months and, as soon as prepared, any other budgets or revised budgets prepared by the Company; 

  

	 	(d)	with respect to the financial statements called for in Sections 3.1 (a), (b) and (c) an instrument executed by the chief executive officer or the financial controller of the Company and
certifying that such financials were prepared in accordance with US GAAP or IFRS, acceptable to the Investors and consistently applied with prior practice for earlier periods (with the exception, for unaudited statements, such statements may be
subject to normal year-end audit adjustments and exclude all footnotes required by applicable accounting standard). Management shall also provide an analysis of results, highlighting notable events and a thorough explanation of any material
differences between actual figures, on the one hand and figures for the prior year and figures presented in the Budget on the other hand; 

  
 2 

	 	(e)	such other information relating to the financial condition, business, prospects or corporate affairs of the Company as the Investors or any assignee of the Investors may from time to time reasonably request, provided,
however, that the Company shall not be obligated under this Section 3.1(e) to (i) provide information which the Company reasonably deems in good faith to be a trade secret or similar confidential information or (ii) would
adversely affect the attorney-client privilege between the Company and its counsel; 

  

	 	(f)	if for any period the Company shall have any Subsidiary whose accounts are consolidated with those of the Company, then in respect of such period the financial statements delivered pursuant to the foregoing sections
shall be the consolidated and consolidating financial statements of the Company and all such consolidated Subsidiaries; and 

  

	 	(g)	notwithstanding anything else in this Section 3.1 to the contrary, the Company may cease providing the information set forth in this Section 3.1 during the period starting with the date that is
sixty (60) days prior to the Company’s good faith estimate of the date of filing of, and ending on a date one hundred eighty (180) days after the effective date of the registration effecting the IPO, to the extent required under the
applicable rules of the jurisdiction in which the registration statement (or similar application for listing of the Ordinary Shares) is to be filed; provided that the Company is actively employing its reasonable best efforts to cause such
registration statement to become effective. 

  

	3.2	Inspection. 

 The Company and any other Group Company shall permit the Investors, at the
Investors’ expense, to visit and inspect the Company or any other Group Company’s properties, to examine its books of account and records and to discuss the Company or any other Group Company’s affairs, finances and accounts with its
officers, all at such reasonable times as may be reasonably requested by the Investors; provided, that, the Investors shall inform the Company ten (10) days prior to the inspection; provided, however, that the Company and
any other Group Company shall not be obligated pursuant to this Section 3.2 to provide access to any information which it reasonably considers to be a trade secret or similar confidential information, or would adversely affect the
attorney-client privilege between the Company or any other Group Company and its counsel. 
  

	3.3	U.S. Tax Matters. 

  

	 	(a)	The Company shall, upon the request of any U.S. Investor, (a) determine, with respect to such taxable year whether the Company (or any of its Affiliates) is a passive foreign investment company
(“PFIC”) as described in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”) (including whether any exception to PFIC status may apply) or is or may be classified as a
partnership or branch for U.S. federal income tax purposes, and (b) provide such information reasonably available to the Company as any U.S. Investor may reasonably request to permit such U.S. Investor to elect to treat the Company and/or any
such entity (including a Subsidiary of the Company) as a “qualified electing fund” (within the meaning of Section 1295 of the Code) (a “QEF Election”) for U.S. federal income tax purposes. The Company shall also,
reasonably promptly upon request, obtain and provide any and all other information reasonably deemed necessary by the U.S. Investor to comply with the provisions of this Section 3.3(a). The Company shall, upon the request of any U.S.
Investor, appoint an internationally reputable accounting firm acceptable to the U.S. Investor to prepare and submit its U.S. tax filings. 

  
 3 

	 	(b)	If a determination is made by the Company that the Company is a PFIC for a particular taxable year, then for such year and for each year thereafter, the Company shall also provide each known U.S. Investor within 60 days
upon the request of such U.S. Investor with a completed “PFIC Annual Information Statement” as required by Treasury Regulation Section 1.1295-1(g) and any other information reasonably required by a U.S. Investor to comply with any
reporting or other requirements in connection with the QEF Election. 

  

	 	(c)	The Company shall promptly provide the U.S. Investor with written notice if it (or any of its Subsidiaries) becomes aware that it is a controlled foreign corporation as described in Section 957 of the Code
(“CFC”). The Company shall, upon the reasonable request of a U.S. Investor, furnish on a timely basis all information requested by the U.S. Investor to satisfy its U.S. federal income tax return filing requirements, if any, arising
from its investment in the Company and relating to the Company or any Group Company’s classification as a CFC. 

  

	 	(d)	The Company, upon a reasonable request of any U.S. Investor, will comply and will cause its Subsidiaries to comply with all record-keeping, reporting, and other requests reasonably necessary for the Company and its
Subsidiaries to allow such U.S. Investor to comply with any applicable U.S. federal income tax Law. The Company, will also provide any known U.S. Investor with any information reasonably requested to allow such U.S. Investor to comply with any
applicable U.S. federal income tax Law (including but not limited to information relating to the transfer of any equity interests of the Company (or any Subsidiary) and the issuance or redemption by the Company (or any Subsidiary) of any equity
interests). 

  

	 	(e)	The Company shall, if reasonably requested by a U.S. Investor, cooperate in determining whether it would be desirable, reasonable and appropriate for the Company and/or any Subsidiary to elect to be classified as a
partnership or branch for U.S. federal income tax purposes and, if so, to take all reasonable steps to cause any such elections to be made, including by filing or by causing to be filed, Internal Revenue Service Form 8832 (or any successor form),
and the Company shall not permit such election, once made, to be terminated or revoked without the written consent of the U.S. Investor; provided that the Company shall notify all U.S. Investors prior to the making of any such election.

  
 4 

	 	(f)	The Company shall, and shall cause each Group Company to, timely and accurately file tax returns in each jurisdiction in which such returns are required to be filed. 

 

	 	(g)	All out-of-pocket expenses incurred by the Company or any Subsidiary, resulting from the affirmative requests of a U.S. Investor pursuant to Sections 3.3(a)-(f) above,
shall be borne by the Company. 

  

	3.4	Termination of Information and Inspection. 

 The covenants set forth in
Section 3.1 and Section 3.2 shall terminate and be of no further force or effect immediately prior to (i) the consummation of the sale of Ordinary Shares in the Company’s Qualified IPO, or (ii) upon a
Liquidation Event, whichever event shall first occur. 
  

	3.5	Confidentiality. 

  

	 	(a)	The Investors agree that they will keep confidential and will not disclose, divulge or use for any purpose, other than to monitor its investment in the Company, any confidential information obtained from the Company
pursuant to the terms of this Agreement, unless such confidential information (i) is known or becomes known to the public in general (other than as a result of a breach of this Section 3.5(a) by the Investors), (ii) is or has
been independently developed or conceived by the Investors without use of the Company’s confidential information or (iii) is or has been made known or disclosed to the Investors by a third party without a breach of any obligation of
confidentiality such third party may have to the Company; provided, however, that each Investor may disclose confidential information (a) to its legal advisers, accountants, consultants, and other professionals to the extent
necessary to obtain their services in connection with monitoring their investment in the Company, (b) to any prospective investor of any Registrable Securities from such Investor as long as such prospective investor agrees to be bound by the
provisions of this Section 3.5(a), (c) to any partner, member, shareholder, fund manager or wholly owned Subsidiary of such Investor or their respective Affiliates in such Investor’s ordinary course of business, or (d) as
may otherwise be required by law, provided that such Investor takes reasonable steps to minimize the extent of any such required disclosure, and provided that such Investor ensures that all such Persons named above to whom such Investor discloses
confidential information are bound by the same provisions of this Section 3.5(a). 

  

	 	(b)	The Company agrees that it will keep confidential and will not disclose, divulge or use for any purpose, other than for the discharge of its obligations under this Agreement, any confidential information obtained from
the Investors pursuant to the terms of this Agreement, unless such confidential information (i) is known or becomes known to the public in general (other than as a result of a breach of this Section 3.5(b) by the Company),
(ii) is or has been independently developed or conceived by the Company without use of the Investors’ confidential information or (iii) is or has been made known or disclosed to the Company by a third party without a breach of any
obligation of confidentiality such third party may have to the Investors; provided, however, that the Company may disclose confidential information (a) to its legal advisers, accountants, consultants, and other professionals to
the extent necessary for the discharge of their obligations under this Agreement, (b) to any Affiliate, partner, member, shareholder or wholly-owned Subsidiary of the Company in the ordinary course of business, or (c) as may otherwise be
required by Law, provided that the Company takes reasonable steps to minimize the extent of any such required disclosure, and provided that the Company ensures that all such Persons named above to whom the Company discloses confidential information
are bound by the same provisions of this Section 3.5(b). 

  
 5 

	4.	RIGHT OF FIRST OFFER. 

  

	4.1	Right of First Offer. 

 Subject to the terms and conditions specified in this
Section 4.1 and applicable securities laws, in the event the Company proposes to offer or sell any Additional Equity Securities, the Company shall first make an offering of such Additional Equity Securities (the “Offered
Securities”) to the Founder Holdcos and the Investors (the “Offerees”) in accordance with the following provisions of this Section 4.1. Any Offeree shall be entitled to apportion the right of first offer hereby
granted to it among their partners, members and Affiliates in such proportions as it deems appropriate. 
  

	 	(a)	The Company shall deliver a notice, in accordance with the provisions of Section 8.4 hereof, (the “Offer Notice”) to the Offerees stating (i) its bona fide intention to offer such
Offered Securities, (ii) the number of such Offered Securities to be offered to the Offerees, and (iii) the price and terms, if any, upon which it proposes to offer such Offered Securities. 

 

	 	(b)	By written notification received by the Company, within twenty (20) calendar days after mailing of the Offer Notice, each Offeree may elect to purchase or obtain its pro-rata share of the Offered Securities, at the
price and on the terms specified in the Offer Notice. For purpose of this Section 4.1(b), the “pro-rata share” shall be the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis)
held by such Offeree, bearing to (b) the total number of Ordinary Shares of the Company (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of Additional Equity Securities. The Company shall
promptly, in writing, inform each Offeree that elects to purchase all the shares available to it (each, a “Fully-Exercising Holder”) of any other Offeree’s failure to do likewise. During
the ten (10) day-period commencing immediately after receipt of such information, each Fully-Exercising Holder shall be entitled to obtain that portion of the Offered Securities for which any of the
Offerees were entitled to subscribe but which were not subscribed for by the Offerees which is equal to the proportion calculated by dividing the number of Ordinary Shares issued and held, or issuable upon conversion of Preferred Shares then held by
such Fully-Exercising Holder by the total number of Ordinary Shares issued and held, or issuable upon conversion of the Preferred Shares then held by all
Fully-Exercising Holders who wish to purchase such unsubscribed Offered Securities. 

  
 6 

	 	(c)	If all Offered Securities referred to in the Offer Notice are not elected to be purchased or obtained as provided in Section 4.1(b) hereof, the Company may, during the ninety (90) day period following
the expiration of the period provided in Section 4.1(b) hereof, offer the remaining unsubscribed portion of such Offered Securities (collectively, the “Refused Securities”) to any Person or Persons at a price not less
than, and upon terms no more favorable to the offeree than, those specified in the Offer Notice. If the Company does not enter into an agreement for the sale of the Offered Securities within such period, or if such agreement is not consummated
within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such Offered Securities shall not be offered to any Person unless first reoffered to the Offerees in accordance with this
Section 4.1. 

  

	 	(d)	The right of first offer set forth in this Section 4.1 may not be assigned or transferred except that such right is assignable by an Investor to any Affiliate of such Investor. 

 

	4.2	Termination. 

 The provisions of this Section 4 shall terminate upon the
earlier of: (a) the consummation of a Qualified IPO or (b) upon a Liquidation Event. 
  

	5.	BOARD COMPOSITION AND VOTING MATTERS. 

  

	5.1	Board Composition. 

 Each Shareholder agrees to vote all of his, her or its Shares in the
Company (whether now owned or hereafter acquired or which the Shareholder may be empowered to vote), from time to time and at all times, in whatever manner shall be necessary to ensure that at each annual or special meeting of shareholders at which
an election of directors is held or pursuant to any written consent of the shareholders, the following persons shall be elected to the Board: 
  

	 	(a)	AIL shall be entitled to nominate and elect two (2) directors of the Board of the Company (the “AIL Directors”), initially to be Hongping Zhang and Yongming Wu. 

 

	 	(b)	Matrix shall be entitled to nominate and elect two (2) directors of the Board of the Company (the “Matrix Directors”), initially to be David Ying Zhang and Harry Man. 

 

	 	(c)	Sequoia shall be entitled to nominate and elect one (1) director of the Board of the Company (the “Sequoia Director”), initially to be Nanpeng Shen. 

 

	 	(d)	Yunfeng shall be entitled to nominate and elect one (1) director of the Board of the Company (the “Yunfeng Director”), initially to be Feng Yu. 

  
 7 

	 	(e)	Tang Yan, one of the holders of Ordinary Shares, shall be entitled to elect three (3) directors of the Board of the Company (the “Ordinary Share Directors”), initially to be Tang Yan, Yong Li and
Sichuan Zhang, and Tang Yan shall have five (5) votes for each of the matters submitted to the Board of Directors. 

  

	 	(f)	Tiger shall be entitled to appoint one (1) observer (the “Board Observer”) of the Board of the Company. The Board Observer shall have the right to (i) receive any notices, documents and
information that the Company delivers to the members of the Board and (ii) attend and speak at meetings of the Board. 

  

	5.2	Size of the Board; Subsidiaries. 

 Each Shareholder agrees to vote all of its Shares from
time to time and at all times, in whatever manner shall be necessary to ensure that the size of the Board shall be set at nine (9) directors. It is further agreed that, upon request of the Investors and to the extent legally feasible, the
Investors shall be entitled to appoint the same number of directors to any Subsidiaries of the Company (other than the Domestic Company) as determined in accordance with Section 5.1. The Company and the Founder Parties shall procure that
such nominee(s) are appointed to the relevant boards of directors. 
  

	5.3	Removal of Board Members. 

 Each Shareholder also agrees to vote all of his, her or its
Shares from time to time and at all times in whatever manner as shall be necessary to ensure that (i) no director elected pursuant to Section 5.1 of this Agreement may be removed from office unless (A) such removal is directed
or approved by the affirmative vote of the holders of fifty percent (50%) or more of the shares entitled under Section 5.1 to designate that director or (B) the person(s) or entity(ies) originally entitled to designate or
approve such director or occupy such Board seat pursuant to Section 5.1 is no longer so entitled to designate or approve such director or occupy such Board seat; and (ii) any vacancies created by the resignation, removal or death of
a director elected pursuant to Section 5.1 shall be filled pursuant to the provisions of Section 5.1. All Shareholders agree to execute any written consents required to effectuate the obligations of this Agreement, and the
Company agrees at the request of any Shareholder entitled to designate directors to call a special meeting of shareholders for the purpose of electing directors. 

  
 8 

	5.4	Drag-Along Right. In the event that at any time following the Closing, (x) the Majority Preferred Holders, (y) the Majority Ordinary Holders and (z) in the case of any Sale of the Company (as
defined below) where the valuation of the Company is not greater than US$2,100,000,000, holders of a majority of the Series D Preferred Shares, approve either: (A) a transaction or series of related transactions in which a Person, or a group of
related Persons, acquires all or substantially all of the equity or assets or undertaking of the Company, or (B) a transaction that qualifies as a Liquidation Event (such events described in subsections (A) and (B) are referred to in
this Agreement as a “Sale of the Company”), then each Shareholder hereby agrees with respect to all Shares that he, she or it holds and any other Company securities over which he, she or it otherwise exercises dispositive power:

  

	 	(a)	in the event the Sale of the Company requires the approval of shareholders, (a) if the matter is to be brought to a vote at a shareholder meeting, after receiving proper notice of any meeting of shareholders of the
Company to vote on the approval of a Sale of the Company, to be present, in person or by proxy, as a holder of Shares, at all such meetings and be counted for the purposes of determining the presence of a quorum at such meetings; and (b) to
vote (in person, by proxy or by action by written consent, as applicable) all Shares in favor of such Sale of the Company and in opposition of any and all other proposals that could reasonably be expected to delay or impair the ability of the
Company to consummate such Sale of the Company; 

  

	 	(b)	in the event that the Sale of the Company is to be effected by the sale of Shares held by another Shareholder (the “Selling Shareholder”), should be obliged to sell all shares of the Company
beneficially held by such Shareholder (or in the event that the Selling Shareholder is selling fewer than all of its shares held in the Company, shares in the same proportion as the Selling Shareholder is selling) to the person to whom the Selling
Shareholder propose to sell its shares, for the same per-share consideration (on an as-converted basis) and on the same terms and conditions as the Selling Shareholder, except that the Shareholder will not be required to sell its shares unless the
liability for indemnification, if any, of the Shareholder in such Sale of the Company is several, not joint, and is pro rata in accordance with the Shareholder’s relative share ownership of the Company, and will not exceed the consideration
payable to the Shareholder, if any, in such transaction (except in the case of potential liability for fraud or willful misconduct by the Shareholder); 

  

	 	(c)	to refrain from exercising any dissenters’ rights or rights of appraisal under applicable Law at any time with respect to such Sale of the Company; 

 

	 	(d)	to execute and deliver all related documentation and take such other action in support of the Sale of the Company as shall reasonably be requested by the Company; and 

 

	 	(e)	not to deposit, and to cause their Affiliates not to deposit, except as provided in this Agreement, any voting securities owned by such Party or Affiliate in a voting trust or subject any such voting securities to any
arrangement or agreement with respect to the voting of such securities, unless specifically requested to do so by the acquiror in connection with a Sale of the Company. 

  
 9 

	5.5	Increase in Authorized Capital. 

 Each Shareholder agrees to vote all of its Shares from
time to time and at all times, in whatever manner shall be necessary to authorize an increase in the authorized number of shares of the Company so that there will be sufficient Ordinary Shares available for conversion of all of the then-outstanding
Preferred Shares at any time that an adjustment to the relevant conversion price with respect to the Preferred Shares is made under the Articles. 
  

	5.6	Specific Enforcement. 

 Each Shareholder acknowledges and agrees that each Party hereto
will be irreparably damaged in the event any of the provisions of this Section 5 are not performed by the Shareholder in accordance with their specific terms or are otherwise breached. Accordingly, it is agreed that each of the Company
and the Shareholders shall be entitled to an injunction to prevent breaches of this Section 5 and to specific enforcement of this Section 5 and its terms and provisions in any action instituted in any court of competent
jurisdiction, in addition to any other remedy to which the Parties may be entitled at law or in equity. Each of the Parties to this Agreement hereby consents to personal jurisdiction in any such action brought in the courts of Hong Kong. 

 

	5.7	Term. 

 The provisions of this Section 5 shall be effective as of the date
hereof and shall continue in effect until and shall terminate upon the earlier to occur of (a) the consummation of a Qualified IPO, or (b) a Liquidation Event; provided, however, that the provisions of Section 5.6
shall survive until the Investors have converted all of their Preferred Shares into Ordinary Shares. 
  

	6.	RIGHT OF FIRST REFUSAL, CO-SALE AND RESTRICTIONS ON SALE. 

  

	6.1	Restrictions on Transfer. 

  

	 	(a)	Transfer of Shares. 

 Subject to Section 6.6, any proposed assignment, sale,
offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition of or any other like transfer or encumbering, through one or a series of transactions, of any interest in any Shares now or hereafter owned or held by a Shareholder, either
directly or indirectly (in each case, a “Proposed Transfer”) shall be made in compliance with the terms of this Section 6. For avoidance of doubt, any change in the equity interest of a non-Investor Shareholder that is
an entity, including without limitation as a result of (i) the issuance or redemption by such non-Investor Shareholder of any portion of its outstanding shares or equity, or (ii) a transfer of such non-Investor Shareholder’s equity by
its equity holder, shall constitute a “Proposed Transfer” for purposes of this Agreement. 

  
 10 

	 	(b)	Prohibition on Transfer of Ordinary Shares. 

 In addition to the restrictions set forth
in Sections 6.2 and 6.3, from the date hereof until the earlier of (i) the date that is thirty-six (36) months following the Closing and (ii) the consummation of a Qualified IPO, each of the Founder Holdcos agrees and
undertakes to the Investors that it will not sell, assign, pledge, hypothecate, encumber or otherwise transfer any Ordinary Shares of the Company and each of the Founders agrees and undertakes to the Investors that it will not dilute any beneficial
ownership, control and discretion over any Ordinary Shares of the Company, either directly or through the Founder Holdco legally and beneficially owned by such Founder, without an affirmative vote by at least two thirds (2/3) of the Directors
(including at least one (1) AIL Director, one (1) Matrix Director, the Sequoia Director and the Yunfeng Director). Notwithstanding the foregoing but subject to compliance by a prospective transferee with the requirements of
Section 8.10(b), the restrictions on transfer set forth in this Section 6 shall not apply to 
  

	 	(i)	a transfer in connection with a Sale of the Company as provided in Section 5.4; 

  

	 	(ii)	an exempt transfer that meets the requirements set forth in Section 6.6. 

 For
avoidance of doubt, any proposed direct or indirect transfer by a Founder of an equity interest in any Ordinary Shares, including without limitation any transfer or issuance of an equity interest in the Founder Holdco legally and beneficially owned
by such Founder, shall constitute a transfer for purposes of this Section 6.1(b). 
  

	6.2	Right of First Refusal. 

  

	 	(a)	Grant. 

 Subject to the provisions of the Companies Act and any other applicable Law,
each Shareholder (each a “Transferor”) hereby unconditionally and irrevocably grants to the other non-transferring Shareholders (each an “Eligible Holder”) a right of first refusal (the “Right of First
Refusal”) to purchase its pro-rata share of the Shares to be included in a Proposed Transfer (the “Transfer Shares”) at the same price and on the same terms and conditions as those offered to the proposed transferee (the
“Prospective Transferee”); provided, however, that the shareholding percentage of AIL in the Company after exercising its Right of First Refusal shall be no more than 25% (calculated on a fully-diluted and as-converted basis). In
the event that the shareholding percentage of AIL in the Company shall be in excess of 25% (calculated on a fully-diluted and as-converted basis) solely due to exercising its Right of First Refusal under this Section 6.2(a), prior
consent from Tang Yan shall be required. For purpose of this Section 6.2(a), the “pro-rata share” shall be the ratio of (i) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by each
Eligible Holder, to (ii) the total number of Ordinary Shares of the Company (calculated on a fully-diluted and as-converted basis) held by all Eligible Holders immediately prior to the Proposed Transfer. Each Eligible Holder shall be entitled
to apportion the Right of First Refusal granted to it under this Section 6.2 among its partners, members and Affiliates in such proportions as it deems appropriate. In the event of a conflict between this Agreement and any other
agreement that may have been entered into by a Shareholder with the Company that contains a preexisting right of first refusal, the terms of this Agreement shall control and the preexisting right of first refusal shall be deemed satisfied by
compliance with this Section 6.2(a). 

  
 11 

	 	(b)	Notice. 

 Each Transferor must deliver a notice (the “Proposed Transfer
Notice”) to the Company and the Eligible Holders not later than forty-five (45) days prior to the proposed closing date of such Proposed Transfer as set forth in the Proposed Transfer Notice. Such Proposed Transfer Notice shall contain
the material terms and conditions of the Proposed Transfer, amount of Shares proposed to be transferred, the proposed closing date of such Proposed Transfer and the identity of the Prospective Transferee. 

 

	 	(c)	To exercise its respective Right of First Refusal, an Eligible Holder must deliver a notice (an “Exercise Notice”) to the Transferor and the Company within ten (10) days (the “Investor
Notice Period”) after receipt of the Proposed Transfer Notice. Such right shall at all times be exercised in accordance with the provisions of the Companies Act and any other applicable Laws. Failure by an Eligible Holder to give notice
within the Investor Notice Period shall be deemed to constitute a decision by the Investor not to exercise its Right of First Refusal. 

  

	 	(d)	Undersubscription of Transfer Shares. 

 If any Eligible Holder does not elect to exercise
its Right of First Refusal in full pursuant to Section 6.2(a) by the end of the Investor Notice Period, then the Company shall, immediately after the expiration of the Investor Notice Period, send written notice (the
“Undersubscription Notice”) to those Eligible Holders who fully exercised their Right of First Refusal pursuant to Section 6.2(a) within the Investor Notice Period (the “Exercising Eligible Holders”).
Each Exercising Eligible Holders shall have an additional option to purchase all or any part of such unsubscribed Transfer Shares (the “Unsubscribed Shares”) on the terms and conditions set forth in the Proposed Transfer Notice. To
exercise such option, an Exercising Eligible Holder must deliver a written notice to the Transferor and the Company within ten (10) days after the receipt of the Undersubscription Notice. In the event two or more Exercising Eligible Holders
choose to exercise the last-mentioned option for a total number of Shares in excess of the Unsubscribed Shares, the Unsubscribed Shares shall be allocated to the Exercising Eligible Holders pro rata based on the number of Shares such Exercising
Eligible Holders have elected to purchase. If all Transfer Shares are purchased in full by the Exercising Eligible Holders, the Company shall immediately notify all of the Eligible Holders of that fact. 

  
 12 

	 	(e)	Consideration; Closing. 

 If the consideration proposed to be paid for the Transfer
Shares is in property, services or other non-cash consideration, the fair market value of the consideration shall be determined in good faith by the Board. If any Eligible Holder cannot, for any reason, pay for the Transfer Shares, in the same form
of non-cash consideration, such Eligible Holder may pay the cash value equivalent thereof, as determined by the Board. The closing of the purchase of the Transfer Shares by the Eligible Holder shall take place, and all payments from the Eligible
Holders shall have been delivered to the Transferor, by the later of (i) the date specified in the Proposed Transfer Notice as the intended closing date of the Proposed Transfer and (ii) forty-five (45) days after delivery of the
Proposed Transfer Notice. 
  

	6.3	Right of Co-Sale. 

  

	 	(a)	If any Transfer Shares subject to a Proposed Transfer are not purchased pursuant to Section 6.2 above (the “Co-Sale Eligible Shares”), each Eligible Holder who has not exercised its rights
under Section 6.2 (each, a “Co-Sale Eligible Holder”) may elect to exercise its right of co-sale (a “Right of Co-Sale”) and participate on a pro-rata basis in the Proposed Transfer on the same terms and
conditions specified in the Proposed Transfer Notice. To exercise its Right of Co-Sale, the Co-Sale Eligible Holder must give the Transferor and the Company written notice to that effect within fifteen (15) calendar days (the “Co-Sale
Period”) after receiving the Proposed Transfer Notice as provided in Section 6.2(b), and upon giving such notice the Co-Sale Eligible Holder shall be deemed to have effectively exercised its respective Right of Co-Sale.

  

	 	(b)	Each Co-Sale Eligible Holder, by timely exercising its Right of Co-Sale (each Co-Sale Eligible Holder exercising its Right of Co-Sale, an “Exercising Co-Sale Holder”), may include in the Proposed
Transfer all or any part of its Shares not to exceed the product obtained by multiplying (i) the aggregate number of Co-Sale Eligible Shares by (ii) a fraction, the numerator of which is the number of Shares owned by such Exercising
Co-Sale Holder immediately before consummation of the Proposed Transfer and the denominator of which is the total number of Shares owned by the Transferor and all Exercising Co-Sale Holders immediately prior to the consummation of the Proposed
Transfer. To the extent that one or more of the Co-Sale Eligible Holders exercises such right of participation in accordance with the terms and conditions set forth herein, the number of Co-Sale Eligible Shares that the Transferor may sell in the
Proposed Transfer shall be correspondingly reduced. 

  
 13 

	 	(c)	The sale of the Co-Sale Eligible Shares and remaining Transfer Shares shall occur within twenty-five (25) calendar days from the beginning of the Co–Sale Period (the “Co-Sale Closing”). An
Exercising Co-Sale Holder shall effect its participation in the Proposed Transfer by delivering to the Transferor at the Co-Sale Closing one or more share certificate(s) together with other necessary documents required by the registered agent of the
Company for a share transfer to the Prospective Transferee, which share certificate(s) shall represent: 

  

	 	(i)	the number of Ordinary Shares that such Exercising Co-Sale Holder elect to include in the Proposed Transfer; or 

  

	 	(ii)	the number of the Preferred Shares that are at such time convertible into the number of Ordinary Shares that such Exercising Co-Sale Holder elects to include in the Proposed Transfer; provided, however, that if the
Prospective Transferee objects to the delivery of convertible Preferred Shares in lieu of Ordinary Shares, such Exercising Co-Sale Holder shall first convert the Preferred Shares into Ordinary Shares and deliver Ordinary Shares as provided above.
The Company agrees to make any such conversion concurrent with and contingent upon the actual transfer of such shares to the Prospective Transferee. 

  

	 	(d)	The terms and conditions of any sale pursuant to this Section 6.3 will be contained in, and governed by, a written purchase and sale agreement with customary terms and provisions for such a transaction.

  

	 	(e)	The securities to be sold by the Transferor and the Exercising Co-Sale Holders pursuant to this Section 6.3 will be transferred to the Prospective Transferee against payment therefor pursuant to the terms
and conditions specified in the Proposed Transfer Notice and the purchase and sale agreement set forth in Section 6.3(d), and the Transferor shall remit to each Exercising Co-Sale Holders of the sale proceeds to which such Exercising
Co-Sale Holders is entitled by reason of its participation in such sale. If any Prospective Transferee refuses to purchase securities subject to the Right of Co-Sale from any Exercising Co-Sale Holder, no Transferor may sell any Transfer Shares to
such Prospective Transferee unless and until, simultaneously with such sale, such Transferor purchases all securities subject to the Right of Co-Sale from such Exercising Co-Sale Holders. 

 

	 	(f)	For avoidance of doubt, the Right of Co–Sale shall not apply with respect to Transfer Shares sold or to be sold to the Eligible Holders under the Right of First Refusal in Section 6.2.

  

	6.4	Proposed Transfer—Compliance Period. 

 If any Proposed Transfer is not consummated
within seventy-five (75) days after receipt of the Proposed Transfer Notice by the Company and the Eligible Holders, the Transferor proposing to make a Proposed Transfer may not sell any Transfer Shares unless such Transferor complies in full
with each provision of this Section 6. The exercise or election not to exercise any right by the Investors hereunder shall not adversely affect its right to participate in any other sales of Transfer Shares subject to this
Section 6. 

  
 14 

	6.5	Effect of Failure to Comply. 

  

	 	(a)	Any Proposed Transfer not made in compliance with the requirements of this Agreement (including without limitation this Section 6) shall be null and void ab initio, shall not be recorded on the books or
register of the Company or its transfer agent and shall not be recognized by the Company. Each Party hereto acknowledges and agrees that any breach of this Agreement would result in substantial harm to the other Parties hereto for which monetary
damages alone could not adequately compensate. Therefore, the Parties hereto unconditionally and irrevocably agree that any non-breaching Party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law
or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers of Shares not made in strict compliance with this Agreement). 

 

	 	(b)	If any Founder becomes obligated to sell any Shares to the Company under this Agreement and fails to deliver such Shares in accordance with the terms of this Agreement, the Company may, at its option, in addition to all
other remedies it may have, send to such Founder the purchase price for such Shares as is herein specified and cancel on its books or registers the certificate or certificates representing the Shares to be sold. 

 

	 	(c)	If any Founder purports to sell any Shares in contravention of the Right of Co-Sale (a “Prohibited Transfer”), the Investors, in addition to such remedies as may be available by law, in equity or
hereunder, is entitled to require such Transferor to purchase Shares from the Investors, as provided below, and such Transferor will be bound by the terms of such option. If a Transferor makes a Prohibited Transfer, the Investors, upon timely
exercise of their Right of Co-Sale under Section 6.3, may require such Transferor to purchase from the Investors the type and number of Shares that the Investors would have been entitled to sell to the Prospective Transferee under
Section 6.3 had the Prohibited Transfer been effected pursuant to and in compliance with the terms of Section 6.3. The sale will be made on the same terms and subject to the same conditions as would have applied had the
Transferor not made the Prohibited Transfer, except that the sale (including, without limitation, the delivery of the purchase price) must be made within ninety (90) days after the Investors learn of the Prohibited Transfer, as opposed to the
timeframe prescribed in Section 6.3. Such Transferor shall also reimburse the Investors for any and all fees and expenses, including legal fees and expenses, incurred pursuant to the exercise or the attempted exercise of the
Investors’ rights under Section 6.3. 

  

	6.6	Exempt Transfers. 

 Notwithstanding the foregoing or anything to the contrary herein, the
provisions of Section 6.1(b), Section 6.2 and Section 6.3 shall not apply: (i) to a repurchase of Shares from a Transferor by the Company at a price no greater than that originally paid by such Transferor for
such Shares and pursuant to an agreement containing vesting and/or repurchase provisions approved by a majority of the Board, (ii) in the case of a Transferor that is a natural person, upon a transfer of Shares by such Transferor, either during
his or her lifetime or on death by will or intestacy, to his or her Immediate Family Members or any other relatives approved by the Board of the Company, or any custodian or trustee for the account of a Transferor or a Transferor’s Immediate
Family Members, (iii) the sale of any Shares to the public in a Qualified IPO or in connection with a Sale of the Company, or (iv) subject to Section 7.3(b)(i), any transfer of Shares by an Investor to its Affiliate. 

  
 15 

	6.7	Transfer upon Early Termination of Employment  

 Each Founder hereby confirms and agrees
that, in the event such Founder’s employment or consulting relationship with the Company is terminated before April 17, 2015, such Founder shall forfeit 50% of his beneficial equity interest in the Company by transferring 50% of the
Ordinary Shares held by the Founder Holdco which is legally and beneficially owned by such Founder to the Company at a price of USD0.0001 per share or such lowest price permitted under applicable Law. In the event such Founder’s employment or
consulting relationship with the Company is terminated after April 17, 2015 but before April 17, 2016, such Founder shall forfeit25% of his beneficial equity interest in the Company by transferring 25% of the Ordinary Shares held the
Founder Holdco legally and beneficially owned by such Founder to the Company for a price of USD0.0001 per share or such lowest price permitted under applicable Law. For purpose of this Section 6.7, the calculation of number of Ordinary Shares
to be transferred pursuant to this Section 6.7 shall be based on the aggregate number of Ordinary Shares held by each Founder Holdco immediately after the Closing. Nothing in this Section 6.7 shall be deemed to limit any rights or remedies
available to the Company or any of the Investors in connection with any employment, consulting, service or other agreement entered into by a Founder or Founder Holdco. 
  

	6.8	Term. 

 The provisions of this Section 6 (other than Section 6.7)
shall terminate upon the earlier of (i) the consummation of a Qualified IPO and (ii) the occurrence of a Liquidation Event. 
  

	7.	ADDITIONAL COVENANTS. 

  

	7.1	Share Incentive Plan. 

 Unless approved by the Board, all officers, directors, employees
and consultants of the Company who shall purchase, or receive options to purchase, shares of the Company under the share incentive option plan adopted by the Company’s shareholders on November 1, 2012, as amended and restated on
October 9, 2013 (the “Share Plan”) under which the Company may reserve not more than 44,758,220 Ordinary Shares (the “Plan Share Limit”) for issuance to its officers, directors, employees and consultants shall
be required to execute share purchase or option agreements providing for (i) vesting of shares over not less than a four-year period with the first twenty five percent (25%) of such shares vesting following twelve (12) months of
continued employment or services, and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months, and (ii) a one-hundred eighty (180) day lockup period in connection with the Company’s
Qualified IPO. The Company shall retain a “right of first refusal” on employee transfers until the Company’s Qualified IPO and the right to repurchase unvested shares at cost. 

  
 16 

 Without the approval of the holders representing at least eighty-five percent (85%) of the
then outstanding Preferred Shares (voting together as a single class on an as-converted basis), the Company shall not (i) grant any option or other equity-based awards to any person with the underlying Shares representing 0.5% or more of the
total share capital of the Company on a single basis, (ii) grant any option or other equity-based awards to any person with the underlying Shares representing 1% or more of the total share capital of the Company on a cumulative basis; or
(iii) grant any option or other equity-based awards to any person that is not in standard terms of the employee share option plans with respect to the vesting schedule, the exercise price or any other aspects. Notwithstanding anything contained
herein to the contrary, without the approval of each of the Investors, the Company shall not (i) increase the Plan Share Limit or (ii) approve any new equity-based compensation plan or any bonus or incentive plan. 

Schedule 4 sets forth the capitalization of the Company immediately following the Closing including the number of shares of the
following: (i) issued and outstanding Ordinary Shares, including, with respect to restricted Ordinary Shares (if any), vesting schedule and repurchase price; (ii) Ordinary Shares reserved for issuance under the Share Plan; (iii) each
series of Preferred Shares; and (iv) warrants or stock purchase rights, if any. 
  

	7.2	Publicity. Without the prior written consent of AIL, each of the Group Companies, each of the holders of Ordinary Shares, and each Investor (other than AIL) shall not, and each foregoing Person shall cause any of
its Affiliates to not, (i) use in advertising, publicity, announcements, or otherwise, the name of AIL or any Affiliate of AIL, including without limitation,
 “

” (Chinese equivalent for “Alibaba”), “

”(Chinese equivalent for “Taobao”), “

” (Chinese equivalent for “Ali”), “

” (Chinese brand for “AliExpress”), “

” (Chinese equivalent for “Tao”), “

” (Chinese equivalent for “Tmall”), “

” (Chinese equivalent for “eTao”), “

” (Chinese equivalent for “Juhuasuan”), “

” (Chinese equivalent for “Alimama ” ), “

” (Chinese equivalent for “Aliyun”), “

OS” (Chinese equivalent for “YunOS”), “

” (Chinese brand for “HiChina”), “

” (Chinese equivalent for “Koubei’), “

” (Chinese equivalent for “Xiami”), “

” (Chinese brand for “Alipay”), “

” (Chinese equivalent for “Xiao Wei Jin Fu”), “1688”, “

” (Chinese equivalent for “ Laiwang ” ), “Alibaba ” , Taobao ” , “ Ali ” , “AliExpress”, “Tao”, “Tmall”, “eTao”, “Juhuasuan”,
“Alimama”, “Aliyun”, “YunOS”, “HiChina”, “Koubei”, “Xiami”, “Alipay”, “Xiao Wei Jin Fu”, “Laiwang”, the associated devices and logos of the above brands
(including the smiling face device of Alibaba Group, cow device of Alibaba.com, ant device of Taobao, Tao doll device of Taobao, cat device of Tmall, Juxiaomeng device of Juhuasuan, lion device of Alipay and Zhixiaobao device of Alipay), or any
trade name, trademark, trade device, service mark, symbol or any abbreviation, contraction or simulation thereof owned or used by AIL or any of its Affiliates, or (ii) represent, directly or indirectly, that any product or services provided by
any Group Company has been approved or endorsed by AIL or any of its Affiliates. Without the prior written consent of GIC Special Investments Pte Ltd., each of the Group Companies, each of the holders of Ordinary Shares, and each Investor (other
than SC China Growth III Co-Investment 2014-A, L.P.) shall not, and each foregoing Person shall cause any of its Affiliates to not, (i) use in advertising, publicity, announcements, or otherwise, the name of GIC Private Limited (or any
Affiliate thereof), including without limitation, “GIC”, “GIC Special Investments”, “GIC Private”, “SC China Growth III Co-Investment 2014-A, L.P.” or any trade name, trademark, trade device, service mark,
symbol or any abbreviation, contraction or simulation thereof owned or used by GIC Private Ltd. or any of its Affiliates, or (ii) represent, directly or indirectly, that any product or services provided by any Group Company has been approved or
endorsed by GIC Private Ltd. or any of its Affiliates. The rights and obligations of each Group Company and each Shareholder under this Section 7.2 shall survive the termination of this Agreement. 

  
 17 

	7.3	Protective Provisions. 

  

	 	(a)	In addition to any other vote or consent required elsewhere in the Articles or by any applicable statute, each Group Company shall not, and each holder of Ordinary Shares shall procure that each Group Company does not,
directly or indirectly, (1) without the approval of the holders holding at least eighty-five percent (85%) of the then outstanding Preferred Shares (excluding Preferred Shares held by AIL, and voting together as a single class on an
as-converted basis), which approval shall not be unreasonably withheld, take any of the actions under the subsections (i), (ii), (iii), (iv), (v), (xi), (xiv), (xv), (xvii), (xix) and (xx) below; and (2) without the approval of the
holders holding at least eighty-five percent (85%) of the then outstanding Preferred Shares (including Preferred Shares held by AIL, and voting together as a single class on an as-converted basis), which approval shall not be unreasonably
withheld, take any of the actions under the subsections (vi), (vii), (viii), (ix), (x), (xii), (xiii), (xvi) and (xviii) below: 

  

	 	(i)	cease to conduct or substantially change the business of the Company and/or any Group Company, as such business is normally conducted, or deviate from the business plan previously approved by the Board of Director of
the Company; 

  

	 	(ii)	sell or dispose of the whole or substantial part of the undertaking goodwill or the assets of the Company and/or any Group Company; 

  

	 	(iii)	increase, reduce or cancel the authorized or issued share capital of the Company and/or any Group Company or issue, allot, purchase or redeem any shares or securities convertible into or carrying a right of subscription
in respect of shares or any share warrants or grant or issue any options rights or warrants, which may require the issue of shares in the future or do any act which has the effect of diluting or reducing the effective shareholding of any Investor in
the Company (with the exception of any shares issued upon conversion of the Preferred Shares); 

  

	 	(iv)	make any distribution of profits amongst the shareholders by way of dividend, (interim and final) capitalization of reserves or otherwise; 

 

	 	(v)	appoint or settle the terms of appointment of the chief executive officer (except for appointing Tang Yan as the chief executive officer of the Company and/or any Group Company), the chief operative officer and the
chief technology officer of the Company and/or any Group Company; 

  

	 	(vi)	approve or amend the employee share option plans or approve any new equity-based compensation plan or any bonus or incentive plan; 

  

	 	(vii)	select or change the external auditor, or make any material changes to the accounting policies or change the financial year of the Group Companies; 

 

	 	(viii)	invest in or acquire any other Person, or any assets, business, business organization or division of any other Person in an amount in excess of US$1,500,000 in a single transaction, or US$3,000,000 in a series of
related transactions, or form any new subsidiary of any Group Company; 

  
 18 

	 	(ix)	create, incur or authorize the creation of any debt (including without limitation the issuance of any debt securities) if the Group’s aggregate indebtedness would exceed US$1,000,000, or guarantee any indebtedness,
except for trade accounts of the Group Companies arising in the ordinary course of business; 

  

	 	(x)	create any liens over assets to serve any indebtedness otherwise permitted or previously approved pursuant to paragraph (ix) above; 

 

	 	(xi)	make any loan or advance in an amount in excess of US$500,000 other than trade credit given in the ordinary course of business, except to wholly-owned subsidiaries of the Company; 

 

	 	(xii)	sell, transfer, license out (other than non-exclusive license granted in the ordinary course of business), pledge or encumber technology or intellectual property; 

 

	 	(xiii)	purchase any real property; 

  

	 	(xiv)	pass any resolution for the winding up of the Company and /or any Group Company or undertake any merger, reconstruction or liquidation exercise concerning the Company and/or any Group Company or apply for the
appointment of a receiver, manager or judicial manager or like officer; 

  

	 	(xv)	make any alteration or amendment to the memorandum and articles of association of the Company or any of the Group Companies (provided however that with respect to the memorandum and articles of association of the
Domestic Company, only the alteration or amendment related to the items listed in this Section 7.3(a) shall require the approval of the Investors in accordance with this Section 7.3(a)); 

 

	 	(xvi)	approve, extend or amend any transaction or agreement which is in an amount in excess of US$1,000,000 in a single transaction, or US$3,000,000 in a series of related transactions, with a Shareholder, director, officer,
employee or Affiliate of any Group Company or any relative thereof, except pursuant to the Company’s employee share option plans, provided however that, any connected transaction or agreement which is not in an amount in excess of US$1,000,000
shall be fully disclosed to the Investors and shall be arm’s length transaction; 

  

	 	(xvii)	make any equity investments in any other companies in excess of US$1,500,000 in a single transaction, or US$3,000,000 in a series of related transactions, or the establishment of any brands for companies other than the
Group Companies; 

  
 19 

	 	(xviii)	enter into any joint venture or partnership of which the total investment amount is in excess of US$1,500,000 in a single transaction, or US$3,000,000 in a series of related transactions, other than any strategic
alliance not involving any equity or equity-related investment; 

  

	 	(xix)	dispose or dilute the Company’s interest, directly or indirectly, in any of the Group Company including but not limited to by way of amending or terminating the Restated Control Documents; 

 

	 	(xx)	approve any transfer of shares in the Company or any of the Group Company; or 

  

	 	(xxi)	authorize, agree or undertake to do any of the foregoing. 

 Actions under subsection
(xxi) shall require the approval of the holders holding at least eighty-five percent (85%) of the then outstanding Preferred Shares (including Preferred Shares held by AIL, and voting together as a single class on an as-converted basis) if
the subject matter is related to the matters listed in subsections (vi), (vii), (viii), (ix), (x), (xii), (xiii), (xvi) and (xviii), otherwise, actions under the subsection (xxi) shall require the approval of the holders holding at least
eighty-five percent (85%) of the then outstanding Preferred Shares (excluding Preferred Shares held by AIL, and voting together as a single class on an as-converted basis). 

 

	 	(b)	In addition to any other vote or consent required elsewhere in the Articles or by any applicable statute, each Group Company shall not, and the Company shall procure that each Group Company does not, directly or
indirectly, without AIL’s approval, take any of the following actions: 

  

	 	(i)	Issue, sell, transfer or otherwise dispose of, directly or indirectly, any equity securities, security convertible into or exercisable for any equity securities, assets or good will of any Group Company to, or merge,
amalgamate or consolidate any Group Company with or into Tencent Holdings Limited, or any Person controlled by Tencent Holdings Limited (the “Tencent Group”) (notwithstanding any provision to the contrary in the opening paragraph of
this Section, AIL has the absolute right to withhold its approval of the actions set forth in this subsection (i) for any reason whatsoever; it being understood that, solely for purposes of this Section 7.3(b)(i), “control”
refers to management rights, ownership of more than 50% of equity or voting rights. 

  

	 	(ii)	Notwithstanding the foregoing, in the event that Tencent Group enters into a written term sheet or other similar document (the “Tencent Offer”) with the Company through bona fide negotiations for a Sale
of the Company, pursuant to which, the Company has received a non-refundable deposit (unless to be otherwise refunded in the form of the Tencent Indemnification under the second paragraph of this Section) in an amount of no less than 2.5% of the
total consideration of the transaction under the Tencent Offer (the “Tencent Deposit”), the Company shall deliver a written notice to AIL, describing material terms of Tencent Offer, with a copy of the executed Tencent Offer (the
“Sale Notice”) and bank statement or other evidence on receipt of the Tencent Deposit (the “Evidence of Receipt”). AIL shall have the right of first refusal to purchase all such equity interests, securities or
assets proposed to be purchased by Tencent Group on the same terms and conditions set forth in the Tencent Offer (the “AIL Option”), by paying a deposit in the same amount as the Tencent Deposit to the Company within twenty-five
(25) calendar days after its receipt of the Sale Notice and the Evidence of Receipt (the “AIL Notice Period”), provided that the Company shall have first entered into a written term sheet or other similar document with AIL (the
“AIL Offer”). 

  
 20 

 If AIL decides to exercise the AIL Option, all the commercially reasonable indemnification,
penalty and other similar payment payable by the Company and the shareholders of the Company (if the shareholders are parties to the Tencent Offer) to Tencent Group under the Tencent Offer for not completing the transaction contemplated thereunder
(the “Tencent Indemnification”), the total amount of which shall be no more than the Tencent Deposit plus its accrued interests during the AIL Notice Period, if any, calculated using the then effective base demand deposit interest
rate published by the People’s Bank of China, shall be borne by the Company. 
 If AIL decides to exercise the AIL Option, but the
transaction is not completed solely due to AIL’s failure to comply with the AIL Offer or the terms and conditions set forth in the definitive transaction agreements between AIL and the Company (the “AIL Purchase Agreement”),
the Company shall not refund the deposit paid by AIL. If the transaction is not completed due to reasons other than AIL’s failure to comply with the AIL Offer or the terms and conditions set forth in the AIL Purchase Agreement, the Company
shall refund the deposit paid by AIL, plus its accrued interests calculated using the then effective base demand deposit interest rate published by the People’s Bank of China. 

If AIL decides not to exercise the AIL Option, or fails to pay the deposit to the Company pursuant to the AIL Offer within the AIL Notice
Period, the Company can proceed with the transaction with Tencent Group upon terms and conditions not more favorable than those set forth in the Sale Notice. If the Company does not enter into any definitive transaction agreement with Tencent Group
within the sixty (60) calendar days following the expiration of the AIL Notice Period, or if such agreement is not consummated within ninety (90) calendar days of the execution thereof, AIL’s right of first refusal provided under this
Section 7.3(b) shall be deemed to be revived and the Company shall re-deliver a Sale Notice to AIL in accordance with this Section 7.3(b). 

  
 21 

	 	(c)	For the avoidance of doubt, the Shareholders agree that without the prior written consent of each holder of the Series B Preferred Shares, the Series C Preferred Shares or the Series D Preferred Shares, as
applicable, no Shareholder shall pass resolutions or otherwise take actions to amend, alter or repeal rights, privileges and obligations of the Series B Preferred Shares, Series C Preferred Shares or Series D Preferred Shares, as applicable, or
any holder of the Series B Preferred Shares, Series C Preferred Shares or Series D Preferred Shares hereunder, it being understood that rounds of investors further to the current Series A, B, C and D are not deemed to constitute the above amendment,
alteration or repeal. 

  

	 	(d)	The Parties acknowledge and agree that (a) the name “Sequoia Capital” is commonly used to describe a variety of entities (collectively, the “Sequoia Entities”) that are affiliated by ownership
or operational relationship and engaged in a broad range of activities related to investing and securities trading and (b) notwithstanding any other provision of this Agreement to the contrary, this Agreement shall not be binding on, or
restrict the activities of, any (i) Sequoia Entity outside of the Sequoia China Sector Group or (ii) entity primarily engaged in investment and trading in the secondary securities market. For purposes of the foregoing, the “Sequoia
China Sector Group” means all Sequoia Entities (whether currently existing or formed in the future) that are principally focused on companies located in, or with connections to, the PRC. 

 

	7.4	Meetings of the Board. 

 Unless otherwise determined by the vote of a majority of the
directors then in office, the Board shall meet at least quarterly in accordance with an agreed upon schedule. 
  

	7.5	Successor Indemnification. 

 In the event that the Company or any of its successors or
assigns (i) consolidates with or merges into any other entity and shall not be the continuing or surviving corporation or entity of such consolidation or merger or (ii) transfers or conveys all or substantially all of its properties and
assets to any person or entity, then, and in each such case, to the extent necessary, proper provision shall be made so that the successors and assigns of the Company assume the obligations of the Company with respect to indemnification of members
of the Board as in effect immediately prior to such transaction, whether in the Company’s Articles or elsewhere, as the case may be. 
  

	7.6	Business Principles. 

 The Company agrees and undertakes to the Investors that the
business of the Company will be designed and carried on in accordance with the following business principles (collectively, the “Business Principles”), namely, in a way that: 

 

	 	(a)	provides safe and healthy working conditions for its employees and contractors; 

  

	 	(b)	encourages the efficient use of natural resources and promotes the protection of the environment; 

  
 22 

	 	(c)	treats all employees fairly in terms of recruitment, progression, remuneration and conditions of work, irrespective of gender, race, color, language, disability, political opinion, age, religion, or national/social
origin; 

  

	 	(d)	allows consultative work-place structures and associations that provide employees with an opportunity to present their views to management; 

 

	 	(e)	takes account of the impact of its operations on the local community and seeks to ensure that potentially harmful occupational health and safety, environmental and social effects are properly assessed, addressed and
monitored; 

  

	 	(f)	upholds high standards of business integrity and honesty, and operates in accordance with local Laws and international good practice (including those intended to fight extortion, bribery and financial crime);

  

	 	(g)	implements a social and environmental management system that enables effective identification, management and monitoring of any risks and provides a framework for action; and 

 

	 	(h)	provides for the reporting of the Company’s compliances with the Business Principles in an annual report by the Company to its Board in a manner that allows a reader to make an informed assessment of the business
of the Company and, to the extent relevant, its Subsidiary undertakings as against the requirements of the Business Principles. 

  

	7.7	Amendment to Restated Control Documents. 

 In the event that any provision under the
Restated Control Documents (as defined in the Purchase Agreement) is ruled by any relevant Governmental Authority as invalid or unenforceable under the Laws of the PRC, the Founders and the Group Companies shall, subject to the Laws of the PRC, use
their best efforts to take, or cause to be taken, such action, to execute and deliver, or cause to be executed and delivered, such documents and instruments and to do, or cause to be done, all things necessary, proper or advisable to ensure that
substantially all of the income generated by the Domestic Company is consolidated into the WFOE. 
  

	7.8	Option to Purchase the Domestic Company. 

 The Company shall maintain an option,
exercisable by the Company or any other entity designated by it at any time after the Closing, to purchase one hundred percent (100%) of the shares or ownership of the Domestic Company, for the lowest price that is in compliance with PRC Law.
The shareholders of each of the Group Companies shall return any proceeds from the Company’s exercise of this option to the Company. 
  

	7.9	Employee Agreements. 

 The Company shall cause (i) all the Key Employees employed by
it or any Group Company (or engaged by the Company or any Group Company as a consultant/independent contractor) with access to confidential information and/or trade secrets to enter into a non-disclosure and proprietary rights assignment agreement
and (ii) each Key Employee to enter into a two (2) year non-competition and non-solicitation agreement. 

  
 23 

	7.10	Bank Account Signatory. 

 All accounts holding cash of the Company, the HK Co and capital
account (

) of the WFOE shall be established such that any disbursement in excess of US$3,000,000 shall require the signature of a representative designated by Matrix. 

 

	7.11	Qualified IPO. 

 The Company and Founders undertake to use their best efforts to, within
48 months from the date of Closing (as defined in the Purchase Agreement) to complete a Qualified IPO. 
  

	7.12	Termination of Covenants. 

 The covenants set forth in this Section 7 (other
than Section 7.7) shall terminate and be of no further force or effect upon (a) the consummation of a Qualified IPO, or (b) upon the consummation of a Liquidation Event, whichever event shall first occur. 

 

	8.	MISCELLANEOUS. 

  

	8.1	Governing Law. 

 This Agreement shall be governed by and construed in accordance with the
laws of Hong Kong. 
  

	8.2	Counterparts. 

 This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be executed and delivered by facsimile or other electronic signature and in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument. 
  

	8.3	Headings and Subheadings. 

 The headings and subheadings used in this Agreement are used
for convenience only and are not to be considered in construing or interpreting this Agreement. 
  

	8.4	Notices. 

 All notices and other communications given or made pursuant to this Agreement
shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the Party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so
confirmed, then on the next Business Day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the respective Parties at their address, or to such email address, facsimile number or address as set forth on Schedule
3 hereto or as subsequently modified by written notice given in accordance with this Section 8.4. 

  
 24 

	8.5	Costs of Enforcement. 

 If any Party to this Agreement seeks to enforce its rights under
this Agreement by legal proceedings, the non-prevailing Party shall pay all costs and expenses incurred by the prevailing Party, including, without limitation, all reasonable legal advisor’s fees. 

 

	8.6	Amendments and Waivers. 

 Any term of this Agreement may be amended and the observance of
any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of (i) the Company, (ii) the Majority Ordinary Holders, and (iii) each of
the Investors. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each holder of any Registrable Securities then Outstanding, each future holder of all such Registrable Securities, and the Company. The Company
shall give prompt written notice of any amendment or termination hereof or waiver hereunder to any Party hereto that did not consent in writing to such amendment, termination or waiver. Any amendment, termination or waiver effected in accordance
with this Section 8.6 shall be binding on all parties hereto, even if they do not execute such consent. No waivers of or exceptions to any term, condition or provision of this Agreement, in any one or more instances, shall be deemed to
be, or construed as, a further or continuing waiver of any such term, condition or provision. 
  

	8.7	Severability. 

 The invalidity or unenforceability of any provision hereof shall in no
way affect the validity or enforceability of any other provision. 
  

	8.8	Aggregation of Shares. 

 All shares of Registrable Securities held or acquired by
Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
  

	8.9	Entire Agreement. 

 This Agreement (including the Exhibits hereto, if any) constitutes
the full and entire understanding and agreement between the Parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the Parties are expressly canceled. Without
limiting the generality of the foregoing, this Agreement supersedes, in its entirety, the Prior Shareholders’ Agreement, which shall be null and void and have no further force or effect whatsoever as of the date of this Agreement. The Parties
hereto hereby irrevocably waive any and all rights that they may have against any other party under the Prior Shareholders’ Agreement. 

  
 25 

	8.10	Transfers, Successors and Assigns. 

  

	 	(a)	The terms and conditions of this Agreement shall insure to the benefit of and be binding upon the respective successors and assigns of the Parties. 

 

	 	(b)	Each transferee or assignee of the Shares subject to this Agreement shall continue to be subject to the terms hereof, and, as a condition to the Company’s recognizing such transfer, each transferee or assignee
shall agree in writing to be subject to each of the terms of this Agreement by executing and delivering an Assumption Agreement substantially in the form attached hereto as Exhibit C. Upon the execution and delivery of an Assumption Agreement
by any transferee, such transferee shall be deemed to be a Party hereto as if such transferee’s signature appeared on the signature pages of this Agreement. By execution of this Agreement or of any Assumption Agreement, each of the Parties
appoints the Company as its attorney in fact for the purpose of executing any Assumption Agreement that may be required to be delivered under the terms of this Agreement. The Company shall not permit the transfer of the Shares subject to this
Agreement on its books or issue a new certificate representing any such Shares unless and until such transferee shall have complied with the terms of this Section 8.10. Each certificate representing the Shares subject to this Agreement
if issued on or after the date of this Agreement shall be endorsed by the Company with the legend set forth in Section 8.11. 

  

	 	(c)	Nothing in this Agreement, express or implied, is intended to confer upon any Person other than the Parties or their respective executors, administrators, heirs, successors and assigns any rights, remedies, obligations,
or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

  

	8.11	Legend. 

  

	 	(a)	Each certificate representing Shares of the Founder Holdcos issued by the Company shall be endorsed with the following legend: 

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO, AND IN CERTAIN CASES PROHIBITED
BY, THE TERMS AND CONDITIONS OF A CERTAIN SHAREHOLDERS’ AGREEMENT BY AND AMONG THE SHAREHOLDER, THE COMPANY AND CERTAIN OTHER HOLDERS OF SHARES OF THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF
THE COMPANY. 
  

	 	(b)	Each Founder Holdco agrees that the Company may instruct its transfer agent to impose transfer restrictions on the shares represented by certificates bearing the legend referred to in Section 8.11(a) above
to enforce the provisions of this Agreement, and the Company agrees to promptly do so. The legend shall be removed upon termination of this Agreement at the request of the Holder. 

  
 26 

	8.12	Dispute Resolution. 

  

	 	(a)	Any dispute, controversy or claim arising out of or relating to this Agreement, or the interpretation, breach, termination or validity hereof, shall first be subject to resolution through consultation of the parties to
such dispute, controversy or claim. Such consultation shall begin within seven (7) days after one Party hereto has delivered to the other Parties involved a written request for such consultation. If within thirty (30) days following the
commencement of such consultation the dispute cannot be resolved, the dispute shall be submitted to arbitration upon the request of any Party with notice to the other Parties. 

 

	 	(b)	The arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”). There shall be three arbitrators. The complainant and the respondent
to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration. Such arbitrators shall be freely selected, and the Parties shall not be limited in their selection to any prescribed
list. The Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice Law in Hong Kong. If either party to the arbitration does not appoint an arbitrator who has consented to participate within thirty (30) days
after selection of the first arbitrator, the relevant appointment shall be made by the Chairman of the HKIAC. 

  

	 	(c)	The arbitration proceedings shall be conducted in English. The arbitration tribunal shall apply the Arbitration Rules of the HKIAC in effect at the time of the arbitration. However, if such rules are in conflict with
the provisions of this Section 8.12, including the provisions concerning the appointment of arbitrators, the provisions of this Section 8.12 shall prevail. 

 

	 	(d)	The arbitrators shall decide any dispute submitted by the parties to the arbitration strictly in accordance with the substantive Law of Hong Kong and shall not apply any other substantive law. 

 

	 	(e)	Each Party hereto shall cooperate with any party to the dispute in making full disclosure of and providing complete access to all information and documents requested by such party in connection with such arbitration
proceedings, subject only to any confidentiality obligations binding on the Party receiving the request. 

  

	 	(f)	The award of the arbitration tribunal shall be final and binding upon the disputing parties, and any party to the dispute may apply to a court of competent jurisdiction for enforcement of such award. 

 

	 	(g)	Any party to the dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitral tribunal. 

  
 27 

	8.13	Delays or Omissions. 

 No delay or omission to exercise any right, power or remedy
accruing to any Party under this Agreement, upon any breach or default of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting Party nor shall it be construed to be a waiver of
any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character on the part of any Party of any breach or default under this Agreement, or any waiver on the part of any Party of any provisions or conditions of this Agreement, must be in
writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any Party, shall be cumulative and not alternative. 

 

	8.14	Conflict with Articles of Association. 

 In the event of any conflict or inconsistency
between the provisions of this Agreement and the provisions of the Company’s Articles or other constitutional documents, the terms of this Agreement shall prevail as between the shareholders of the Company only. The Investors and the Founder
Parties shall, notwithstanding the conflict or inconsistency, act so as to effect the intent of this Agreement to the greatest extent possible under the circumstances and shall promptly amend the conflicting constitutional documents to conform to
this Agreement to the greatest extent possible. 
 [Remainder of Page Intentionally Left Blank] 

  
 28 

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

					
	COMPANY:	 	 MOMO TECHNOLOGY COMPANY

LIMITED

			
		 	By:	  	 /s/ Yan Tang

		 	Name:	  	Yan Tang
		 	Title:	  	Director
		
	HK CO:	 	 MOMO TECHNOLOGY HK COMPANY

LIMITED

		 	(

)
			
		 	By:	  	 /s/ Yan Tang

		 	Name:	  	Yan Tang
		 	Title:	  	Director
		
	DOMESTIC COMPANY:	 	BEIJING MOMO TECHNOLOGY CO., LTD.
		 	(

)
			
		 	By:	  	 /s/ Yan Tang /common seal/

		 	Name:	  	Yan Tang
		 	Title:	  	Legal Representative
			
		 	Affix Seal:	  	
		
	WFOE:	 	 BEIJING MOMO INFORMATION

TECHNOLOGY CO., LTD.

		 	(

)
			
		 	By:	  	 /s/ Yan Tang /common seal/

		 	Name:	  	Yan Tang
		 	Title:	  	Legal Representative
		 	Affix Seal:	  	

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

					
	FOUNDER HOLDCOS:	 	GALLANT FUTURE HOLDINGS LIMITED
			
		 	By:	 	 /s/ Yan Tang

					
		 	  Name:	 	

					
		 	 Title:	 	

					
		
		 	JOYOUS HARVEST HOLDINGS LIMITED
			
		 	By:	 	 /s/ Yong Li

					
		 	  Name:	 	

					
		 	 Title:	 	

					
		
		 	FIRST OPTIMAL HOLDINGS LIMITED
			
		 	By:	 	 /s/ Xiaoliang Lei

					
		 	  Name:	 	

					
		 	 Title:	 	

					
		
		 	FAST PROSPEROUS HOLDINGS LIMITED
			
		 	By:	 	 /s/ Zhiwei Li

					
		 	  Name:	 	

					
		 	 Title:	 	

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

			
		
	By:	 	 /s/ Yan Tang

	Name:  	 	Yan Tang
		
	By:	 	 /s/ Yong Li

	Name:	 	Yong Li
		
	By:	 	 /s/ Xiaoliang Lei

	Name:	 	Xiaoliang Lei
		
	By:	 	 /s/ Zhiwei Li

	Name:	 	Zhiwei Li

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR:	 		 	MATRIX PARTNERS CHINA II HONG KONG LIMITED
				
		 		 	 By:    
	 	 /s/ Yibo Shao

		 		 		 	 Name:

		 		 		 	 Title:

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR:	 		 	GOTHIC PARTNERS, L.P.
				
		 		 	 By:    
	 	 /s/ Paul J. Ferri

		 		 		 	 Name: Paul J. Ferri

		 		 		 	 Title: General Partner

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR:	 		 	PJF ACORN I TRUST
				
		 		 	 By:    
	 	 /s/ Jessica Ferri

		 		 		 	 Name: Jessica Ferri

		 		 		 	 Title: Trustee

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR:	 		 	GANSETT PARTNERS, L.L.C
				
		 		 	 By:    
	 	 /s/ Timothy A. Barrows

		 		 		 	 Name:

		 		 		 	 Title:

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR:	 		 	PH MOMO INVESTMENT LTD
				
		 		 	 By:    
	 	 /s/ Guoxiong Cao

		 		 		 	 Name:

		 		 		 	 Title:

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

					
	INVESTOR:	 	TENZING HOLDING 2011 LTD.
			
		 	 By:
	 	 /s/ Yibo Shao

		 		 	Name:
		 		 	Title:

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

					
	INVESTOR:	 	ALIBABA INVESTMENT LIMITED
			
		 	By:	 	 /s/ Zhang Hongping

		 		 	Name: Zhang Hongping
		 		 	Title:

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

					
	INVESTOR:	 	DST TEAM FUND LIMITED
			
		 	By:	 	 /s/ Sean Hogao

		 		 	Name: Sean Hogao
		 		 	Title: Director

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Shareholders’ Agreement as of the date
first written above. 
 INVESTOR: 

/s/ Feini Zheng 

FEINI ZHENG 
  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	 INVESTOR:
	 		 	 SEQUOIA CAPITAL CHINA INVESTMENT

HOLDCO II, LTD.

		 		 	a Cayman Islands company
				
		 		 	By:	 	     /s/ Kok Wai Yee

		 		 	Name: Kok Wai Yee
		 		 	Title: Authorized Signatory

  

							
		 		 	SEQUOIA CAPITAL CHINA GF HOLDCO III-A, LTD.
		 		 	a Cayman Islands company
				
		 		 	By:	 	         /s/ Kok Wai Yee

		 		 	Name: Kok Wai Yee
		 		 	Title: Authorized Signatory

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR:	 		 	SC CHINA GROWTH III CO-INVESTMENT 2014-A, L.P.
		 		 	a Cayman Islands limited partnership
			
		 		 	 By: SC China Growth III Management, L.P.

a Cayman Islands limited partnership
 its general
partner

			
		 		 	 By: SC China Holding Limited
 a
Cayman Islands company
 its general partner

				
		 		 	By:	 	         /s/ Kok Wai Yee

		 		 	Name: Kok Wai Yee
		 		 	Title: Authorized Signatory

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR	 		 	RICH MOON LIMITED
				
		 		 	By:	 	 /s/ Huang Xin

		 		 		 	Name: Huang Xin
		 		 		 	Title: Director

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

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

							
	INVESTOR	 		 	TIGER GLOBAL EIGHT HOLDINGS
				
		 		 	By:	 	  

		 		 		 	Name: Moussa Taujoo
		 		 		 	Title: Director

  

  
 SIGNATURE PAGES TO
THE SHAREHOLDERS’ AGREEMENT 

 SCHEDULE 1 

LIST OF INVESTORS 
  

																									
	 Name
	  	Number of
Series A-1
Preferred
Shares of the
Company	 	  	Number of
Series A-2
Preferred
Shares of the
Company	 	  	Number of
Series A-3
Preferred
Shares of
the
Company	 	  	Number of
Series B
Preferred
Shares of the
Company	 	  	Number of
Series C
Preferred
Shares of
the
Company	 	  	Number of
Series D
Preferred
Shares of the
Company	 
	 Matrix Partners China II Hong Kong Limited
	  	 	22,272,730	  	  	 	8,909,090	  	  	 	19,797,980	  	  	 	4,588,600	  	  	 	10,402,497	  	  	 	—  	  
	 Gothic Partners, L.P.
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	800,192	  	  	 	—  	  
	 PJF Acorn I Trust
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	800,192	  	  	 	—  	  
	 Gansett Partners, L.L.C
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	1,600,384	  	  	 	—  	  
	 PH momo investment Ltd.
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	4,801,153	  	  	 	—  	  
	 Tenzing Holding 2011 Ltd.
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	1,600,384	  	  	 	—  	  
	 Feini Zheng
	  	 	7,298,857	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Alibaba Investment Limited
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	60,859,813	  	  	 	8,001,920	  	  	 	—  	  
	 DST Team Fund Limited
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	4,588,600	  	  	 	8,001,920	  	  	 	—  	  
	 Sequoia Capital China Investment Holdco II, Ltd.
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	2,063,441	  
	 Sequoia Capital China GF Holdco III-A, Ltd.
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	11,348,923	  
	 SC China Growth III Co-Investment 2014-A, L.P.
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	5,158,602	  
	 Rich Moon Limited
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	18,570,966	  
	 Tiger Global Eight Holdings
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	6,551,424	  

  

  
 SCHEDULE 1

 SCHEDULE 2(A) 

LIST OF FOUNDERS 
  

			
	 Name
	  	PRC Identification Number
	 Yan Tang
	  	***
	 Yong Li
	  	***
	 Xiaoliang Lei
	  	***
	 Zhiwei Li
	  	***

 SCHEDULE 2(A) 

LIST OF FOUNDER HOLDCOS 
  

			
	 Name
	  	Sole Shareholder
	 Gallant Future Holdings Limited
	  	Yan Tang
	 Joyous Harvest Holdings Limited
	  	Yong Li
	 First Optimal Holdings Limited
	  	Xiaoliang Lei
	 Fast Prosperous Holdings Limited
	  	Zhiwei Li

  

  
 SCHEDULE 2

 SCHEDULE 3 

NOTICES 
  

			
	 Group Companies and the Founder Parties

Address:
 Level 8 Tower D, Vantone Center, No. 6
Chaoyangmen Outer Ave., Chaoyang District, Beijing, P. R. China 100020
	  	 Investors
 Matrix and Matrix
Affiliates

	  	 Address:
 Suite 08, 20th Floor, One
International Finance Centre,
 1 Harbour View Street, Central, Hong Kong

Attn: Matrix Partners HK Management Limited
 Harry Man

Tel: (852) 3960 6592
 Fax: (852) 3669 8008

Email:harry.man@matrixpartners.com.cn;

huadong.wang@matrixpartners.com.cn

		  	 Feini Zheng
 Address:

Unit A, 8/F, Urban City Center
 45 Nan Chang Road, Shanghai, China
200020

		  	 Alibaba Investment Limited

Address:
 c/o Alibaba Group Services Limited

26/F, Tower One, Times Square
 1 Matheson Street, Causeway Bay

Hong Kong
 Attention: Mr. Tim Steinert

Tel: (852) 2215 5100
 Fax: (852) 2215 5200

Email: tim.steinert@hk.alibaba-inc.com

		  	 DST Team Fund Limited

Address:
 c/o Tulloch & Co

4 Hill Street
 London W1J 5NE

United Kingdom

		  	 Sequoia Controlled Entities

Address:
 Address:

Suite 2215, 22/F, Two Pacific Place, 88 Queensway
 Hong Kong

Telephone: 852-2501-8971
 Fax No.: 852-2501-5249

Email: wkok@sequoiacap.com
 Contact Person: Kok Wai
Yee

  

  
 SCHEDULE 3

			
		  	 With a copy to:
 Wilson Sonsini Goodrich
& Rosati, P.C.
 Unit 1001, 10/F Henley Building
 5
Queen’s Road Central
 Hong Kong
 Fax No.:
852-3972-4999
 Contact Person: Weiheng Chen

		
		  	 Rich Moon Limited
 Address:

Room 3501, K. Wah Center, 1010 Huaihaizhong Road
 Shanghai,
200031, China
 Telephone: 8621-3127 0909
 Fax No.: 8621-3127
1750
 Contact Person: Huang Xin

		
		  	 Tiger Global Eight Holdings

Address:
 Twenty Seven, Cybercity, Ebene, Mauritius

Attention: Moussa Taujoo
 Facsimile: +230-467-4000

 
 With a copy to:

Gunderson Dettmer Stough Villeneuve Franklin &

Hachigian, L.L.P
 Address: Suite 2101, Building C

Yintai Center, #2 Jianguomenwai Ave
 Beijing 100022 China

Attention: Steven Liu
 Fax: + 8610-5680-3889

  

  
 SCHEDULE 3

 SCHEDULE 4 

CAPITALIZATION TABLE 
  

																																													
	 Shareholder
	 	Common
Shares	 	 	Preferred
Shares
Series
A-1/A-2	 	 	Preferred
Shares
Series A-3	 	 	Preferred
Shares
Series B	 	 	Preferred
Shares
Series C	 	 	Preferred
Shares
Series D	 	 	Total Issued
and
Outstanding
Shares	 	 	% (Issued and
Outstanding
Shares)	 	 	Options
(Common
Stock)	 	 	Fully Diluted
Shares	 	 	% Fully
Diluted
Shares	 
	 Yan TANG
	 	 	96,886,370	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	96,886,370	  	 	 	29.18	% 	 	 	—  	  	 	 	96,886,370	  	 	 	25.71	% 
	 Yong LI
	 	 	16,846,899	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	16,846,899	  	 	 	5.07	% 	 	 	—  	  	 	 	16,846,899	  	 	 	4.47	% 
	 Xiaoliang LEI
	 	 	9,587,116	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	9,587,116	  	 	 	2.89	% 	 	 	—  	  	 	 	9,587,116	  	 	 	2.54	% 
	 Zhiwei LI
	 	 	8,028,026	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	8,028,026	  	 	 	2.42	% 	 	 	—  	  	 	 	8,028,026	  	 	 	2.13	% 
	 Matrix
	 	 	—  	  	 	 	31,181,820	  	 	 	19,797,980	  	 	 	4,588,600	  	 	 	10,402,497	  	 	 	—  	  	 	 	65,970,897	  	 	 	19.87	% 	 	 	—  	  	 	 	65,970,897	  	 	 	17.51	% 
	 Matrix Affiliates
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	9,602,305	  	 	 	—  	  	 	 	9,602,305	  	 	 	2.89	% 	 	 	—  	  	 	 	9,602,305	  	 	 	2.55	% 
	 Alibaba
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	60,859,813	  	 	 	8,001,920	  	 	 	—  	  	 	 	68,861,733	  	 	 	20.74	% 	 	 	—  	  	 	 	68,861,733	  	 	 	18.27	% 
	 DST
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	4,588,600	  	 	 	8,001,920	  	 	 	—  	  	 	 	12,590,520	  	 	 	3.79	% 	 	 	—  	  	 	 	12,590,520	  	 	 	3.34	% 
	 Sequoia Entity A
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2,063,441	  	 	 	2,063,441	  	 	 	0.62	% 	 				 	 	2,063,441	  	 	 	0.55	% 
	 Sequoia Entity B
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	11,348,923	  	 	 	11,348,923	  	 	 	3.42	% 	 				 	 	11,348,923	  	 	 	3.01	% 
	 Sequoia Entity C
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	5,158,602	  	 	 	5,158,602	  	 	 	1.55	% 	 				 	 	5,158,602	  	 	 	1.37	% 
	 Yunfeng
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	18,570,966	  	 	 	18,570,966	  	 	 	5.59	% 	 				 	 	18,570,966	  	 	 	4.93	% 
	 Tiger
	 				 				 				 				 				 	 	6,551,424	  	 	 	6,551,424	  	 	 	1.97	% 	 				 	 	6,551,424	  	 	 	1.74	% 
	 Option pool
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	0.00	% 	 	 	44,758,220	  	 				 	 	11.88	% 
	 Total
	 	 	131,348,411	  	 	 	31,181,820	  	 	 	19,797,980	  	 	 	70,037,013	  	 	 	36,008,642	  	 	 	43,693,356	  	 	 	332,067,222	  	 	 	100.00	% 	 	 	44,758,220	  	 	 	376,825,442	  	 	 	100.00	% 

  

  
 SCHEDULE 4

 EXHIBIT A 

DEFINITIONS 
 For purposes
of this Agreement, capitalized terms shall have the meanings set forth in this Exhibit A. 
  

	1.	The term “Additional Equity Securities” means any security issued by the Company after the Closing, including (i) the Ordinary Share; (ii) warrant, option and rights exercisable for Ordinary
Shares or securities convertible into or exchangeable for Ordinary Share, including, without limitation, the Preferred Share; provided that the term “Additional Equity Securities” does not include (i) Employee Compensation Share (as
defined in the Articles); (ii) securities issued upon conversion of the Preferred Shares; (iii) securities issued as a dividend or distribution on the Preferred Shares; (iv) securities issued in connection with any share split, share
dividend, combination, recapitalization or other similar transaction of the Company; or (v) warrants or options to purchase securities granted to strategic partners of the Company in connection with mergers and acquisitions of other companies.

  

	2.	The term “AIL” means Alibaba Investment Limited. 

  

	3.	The term “AIL Directors” has the meaning ascribed to such term in Section 5.1(a). 

  

	4.	The term “AIL Notice Period” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	5.	The term “AIL Offer” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	6.	The term “AIL Option” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	7.	The term “AIL Purchase Agreement” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	8.	The term “Affiliate” means, with respect to any individual, corporation, partnership, association, trust, or any other entity, any Person which, directly or indirectly, controls, is controlled by or is
under common control with such Person, including, without limitation any general partner, limited partner, officer or director of such Person and any venture capital fund now or hereafter existing which is controlled by or under common control with
one or more general partners or shares the same management company with such Person. 

  

	9.	The term “Agreement” has the meaning ascribed to such term in the Preamble to this Agreement. 

  

	10.	The term “Articles” means the Seventh Amended and Restated Memorandum of Association (the “Memorandum”) and the Seventh Amended and Restated Articles of Association of the Company, as
amended from time to time. 

  

  
 EXHIBIT A 

	11.	The term “Board” or “Board of Director” means the Company’s Board of Directors. 

  

	12.	The term “Board Observer” has the meaning ascribed to such term in Section 5.1(f). 

  

	13.	The term “Budget” has the meaning ascribed to such term in Section 3.1(c). 

  

	14.	The term “Business Day” means any day, other than a Saturday, Sunday or other day on which the commercial banks in Beijing, New York or Hong Kong are authorized or required to be closed for the conduct
of regular banking business. 

  

	15.	The term “Business Principles” has the meaning ascribed to such term in Section 7.6. 

  

	16.	The term “CFC” has the meaning ascribed to such term in Section 3.3(c). 

  

	17.	The term “Closing” means the closing of the sale and purchase of certain Series D Preferred Shares in accordance with the Purchase Agreement. 

 

	18.	The term “Code” has the meaning ascribed to such term in Section 3.3(a). 

  

	19.	The term “Company” means Momo Technology Company Limited, a company duly incorporated with limited liability and validly existing under the Laws of the British Virgin Islands. 

 

	20.	The term “Companies Act” means the British Virgin Islands Business Companies Act, 2004.The term “Co-Sale Eligible Holder” has the meaning ascribed to such term in
Section 6.3(a). 

  

	21.	The term “Co-Sale Eligible Shares” has the meaning ascribed to such term in Section 6.3(a). 

  

	22.	The term “Co-Sale Period” has the meaning ascribed to such term in Section 6.3(a). 

  

	23.	The term “Director” means a director on the Board. 

  

	24.	The term “Domestic Company” has the meaning ascribed to such term in the Preamble to this Agreement. 

  

	25.	The term “DST” means DST Team Fund Limited. 

  

	26.	The term “Eligible Holder” has the meaning ascribed to such term in Section 6.2(a). 

  

	27.	The term “Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, or any comparable law of any other jurisdiction in
which the Company’s Shares are subject to regulation. 

  

	28.	The term “Exercising Co-Sale Holder” has the meaning ascribed to such term in Section 6.3(b). 

  

	29.	The term “Exercising Eligible Holder” has the meaning ascribed to such term in Section 6.2(d). 

  

  
 EXHIBIT A 

	30.	The term “Exercise Notice” has the meaning ascribed to such term in Section 6.2(c). 

  

	31.	The term “Form F-3” means such form under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC which permits inclusion or
incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

  

	32.	The term “Evidence of Receipt” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	33.	The term “Fully-Exercising Holder” has the meaning ascribed to such term in Section 4.1(b). 

  

	34.	The term “Founder” or “Founders” means the Persons named on Schedule 2(A) hereto. 

  

	35.	The term “Founder Holdco” or “Founder Holdcos” means the Persons named on Schedule 2(B) hereto and the respective transferees of such Persons’ Shares pursuant
to Section 6 hereof. 

  

	36.	The term “Governmental Authority” means the government of any nation, province, state, city, locality or other political subdivision of any thereof, any entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government, regulation or compliance, and any corporation or other entity owned or controlled, through share or capital ownership or otherwise, by any of the foregoing.

  

	37.	The term “Group Companies” means the Company, the WFOE, the Domestic Company, the HK Co, and any other direct or indirect Subsidiary of a Group Company collectively, and a Group Company means any one of
them. 

  

	38.	The term “HK Co” has the meaning ascribed to such term in the Preamble to this Agreement. 

  

	39.	The term “HKIAC” has the meaning ascribed to such term in Section 8.12(b). 

  

	40.	The term “Holder” means any Person owning or having the rights to acquire Registrable Securities or any permitted assignee of record of such Registrable Securities to whom rights under Exhibit B
have been duly assigned in accordance with this Agreement. 

  

	41.	The term “Hong Kong” means the Hong Kong Special Administrative Region of the PRC. 

  

	42.	The term “IFRS” means the International Financial Reporting Standards in effect from time to time. 

  

	43.	The term “Immediate Family Member” means a child, stepchild, grandchild, parent, step-parent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, of a person referred to herein. 

  

  
 EXHIBIT A 

	44.	The term “Initiating Holders” has the meaning ascribed to such term in Section 2.2(a) of Exhibit B. 

 

	45.	The term “Investor” or “Investors” means the persons named on Schedule 1 hereto. 

  

	46.	The term “Investor Notice Period” has the meaning ascribed to such term in Section 6.2(c). 

  

	47.	The term “IPO” means the Company’s first underwritten public offering of its Ordinary Shares and listing on an internationally-recognized securities exchange. 

 

	48.	The term “Key Employee” has the meaning set forth in the Purchase Agreement. 

  

	49.	The term “Liquidation Event” has the meaning ascribed to such term in Clause 9(b)(ii) of the Articles. 

  

	50.	The term “Law” means any constitutional provision, statute or other law, rule, regulation, official policy or interpretation of any Governmental Authority and any injunction, judgment, order, ruling,
assessment or writ issued by any Governmental Authority. 

  

	51.	The term “Majority Ordinary Holders” shall mean the holders of at least fifty percent (50%) of the then outstanding ordinary shares. 

 

	52.	The term “Majority Preferred Holders” shall mean the holders of at least fifty percent (50%) of the then outstanding (i) Series A-1, A-2 and A-3 Preferred Shares, (ii) Series B
Preferred Shares held by Matrix only, (iii) Series C Preferred Shares held by Matrix only, and (iv) Series D Preferred Shares, voting together as a single class, including any Ordinary Shares issued or issuable upon conversion of the
foregoing. 

  

	53.	The term “Matrix” shall mean Matrix Partners China II Hong Kong Limited, Matrix Affiliates and its affiliated or successor funds, companies or entities. 

 

	54.	The term “Matrix Affiliates” means Gothic Partners, L.P., PJF Acorn I Trust, Gansett Partners, L.L.C, PH momo investment Ltd. and Tenzing Holding 2011 Ltd. 

 

	55.	The term “Matrix Directors” has the meaning ascribed to such term in Section 5.1(b). 

  

	56.	The term “Offer Notice” has the meaning ascribed to such term in Section 4.1(a). 

  

	57.	The term “Offered Securities” has the meaning ascribed to such term in Section 4.1. 

  

	58.	The term “Offerees” has the meaning ascribed to such term in Section 4.1. 

  

	59.	The term “Offered Securities” has the meaning ascribed to such term in Section 4.1. 

  

	60.	The term “on an as converted basis” shall mean assuming the conversion, exercise and exchange of all securities, directly or indirectly, convertible, exercisable or exchangeable into or for Ordinary
Shares, including without limitation the Preferred Shares. 

  

  
 EXHIBIT A 

	61.	The term “Ordinary Shares” means ordinary shares of the Company, par value US$0.0001 per share. 

  

	62.	The term “Ordinary Share Directors” has the meaning ascribed to such term in Section 5.1(e). 

  

	63.	The term “Party” or “Parties” shall mean the parties to this Agreement, as set forth in the Preamble. 

 

	64.	The term “Person” means any natural person, firm, partnership, association, corporation, company, trust, public body or government. 

 

	65.	The term “PFIC” has the meaning ascribed to such term in Section 3.3(a). 

  

	66.	The term “PRC” means the People’s Republic of China, which for purposes of this Agreement excludes Hong Kong, the Macau Special Administrative Region and Taiwan. 

 

	67.	The term “Preferred Shares” means, collectively, the Series A-1 Preferred Shares of par value US$0.0001 per share of the Company, the Series A-2 Preferred Shares of par value US$0.0001 per share of the
Company, the Series A-3 Preferred Shares of par value US$0.0001 per share of the Company, the Series B Preferred Shares of par value US$0.0001 per share of the Company, the Series C Preferred Shares of par value US$0.0001 per share of the Company
and the Series D Preferred Shares of par value US$0.0001 per share of the Company. 

  

	68.	The term “Prior Shareholders’ Agreement” has the meaning ascribed to such term in the Recitals to this Agreement. 

 

	69.	The term “Prohibited Transfer” has the meaning ascribed to such term in Section 6.5(c). 

  

	70.	The term “Proposed Transfer” has the meaning ascribed to such term in Section 6.1(a). 

  

	71.	The term “Proposed Transfer Notice” has the meaning ascribed to such term in Section 6.2(b). 

  

	72.	The term “Prospective Transferee” has the meaning ascribed to such term in Section 6.2(a). 

  

	73.	The term “Purchase Agreement” has the meaning ascribed to such term in Recitals. 

  

	74.	The term “QEF Election” has the meaning ascribed to such term in Section 3.3(a). 

  

	75.	The term “Qualified IPO” means a firm commitment underwritten registered public offering by the Company of its Ordinary Shares on the NASDAQ National Market System in the United States or in Hong Kong
or any other exchange in any other jurisdiction (on any combination of such exchanges and jurisdictions) acceptable to the Majority Preferred Holders with aggregate offering proceeds (before deduction of fees, commissions or expenses) to the Company
and selling shareholders, if any, of not less than US$50,000,000 (or any cash proceeds of other currency of equivalent value). 

  

  
 EXHIBIT A 

	76.	The term “Refused Securities” has the meaning ascribed to such term in Section 4.1(c)  

  

	77.	The terms “register,” “registered,” and “registration” refer to a registration effected by preparing and filing a registration statement which is in a form which
complies with, and is declared effective by the SEC in accordance with, the Securities Act. 

  

	78.	The term “Registrable Securities” means: (1) any Ordinary Shares of the Company issued or issuable pursuant to conversion of any Preferred Shares, (2) any Ordinary Shares of the Company issued
(or issuable upon the conversion or exercise of any warrant, right or other security which is issued) as a dividend or other distribution with respect to, or in exchange for or in replacement of, any Preferred Shares, and (3) any other Ordinary
Shares owned or hereafter acquired by the Investors excluding any Shares sold by a Person in a transaction in which rights under Exhibit B are not assigned in accordance with this Agreement and any Shares which are sold in a registered public
offering under the Securities Act or analogous statute of another jurisdiction, or sold pursuant to SEC Rule 144 promulgated under the Securities Act or analogous rule of another jurisdiction. 

 

	79.	The term “Registrable Securities then Outstanding” means the number of Ordinary Shares of the Company that are Registrable Securities and are then issued and outstanding, issuable upon conversion of
Preferred Shares then issued and outstanding or issuable upon conversion or exercise of any warrant, right or other security then outstanding. 

  

	80.	The term “Registration Expenses” shall mean all expenses incurred by the Company in complying with Sections 2, 3 and 4 of Exhibit B, including, without limitation, all
registration and filing fees, printing expenses, fees, and disbursements of counsel for the Company, reasonable fees and disbursements of one (1) counsel for the Holders, “blue sky” fees and expenses and the expense of any special
audits incident to or required by any such registration (but excluding the compensation of regular employees of the Company which shall be paid in any event by the Company). 

 

	81.	The term “Request Notice” has the meaning ascribed to such term in Section 2.1 of Exhibit B. 

  

	82.	The term “Right of Co-Sale” has the meaning ascribed to such term in Section 6.3(a). 

  

	83.	The term “Right of First Refusal” has the meaning ascribed to such term in Section 6.2(a). 

  

	84.	The term “Sale of the Company” has the meaning ascribed to such term in Section 5.4. 

  

	85.	The term “Sale Notice” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	86.	The term “SEC” means the United States Securities and Exchange Commission, or comparable regulatory authority in any other jurisdiction having oversight over the trading of the Company’s Shares.

  

	87.	The term “SEC Rule 144” means Rule 144 promulgated by the SEC under the Securities Act (or comparable law in a jurisdiction other than the United States). 

 

  
 EXHIBIT A 

	88.	The term “SEC Rule 144(k)” means Rule 144(k) promulgated by the SEC under the Securities Act (or comparable law in a jurisdiction other than the United States). 

 

	89.	The term “Securities Act” means the United States Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (or comparable law in a jurisdiction other than the United
States). 

  

	90.	The term “Selling Expenses” shall mean all underwriting discounts and selling commissions applicable to the sale of Registrable Securities pursuant to Sections 2, 3 and 4 of
Exhibit B. 

  

	91.	The term “Selling Shareholder” has the meaning ascribed to such term in Section 5.4(b). 

  

	92.	The term “Sequoia” means Sequoia Capital China Investment Holdco II, Ltd., Sequoia Capital China GF Holdco III-A, Ltd. and SC China Growth III Co-Investment 2014-A, L.P. 

 

	93.	The term “Sequoia Director” has the meaning ascribed to such term in Section 5.1(c). 

  

	94.	The term “Series A-1 Preferred Share” shall mean the Series A-1 Preferred Shares of the Company par value US$0.0001 each. 

 

	95.	The term “Series A-2 Preferred Shares” means Series A-2 Preferred Shares of the Company par value of US$0.0001 each. 

 

	96.	The term “Series A-3 Preferred Shares” means Series A-3 Preferred Shares of the Company par value of US$0.0001 each. 

 

	97.	The term “Series B Preferred Shares” means Series B Preferred Shares of the Company par value of US$0.0001 each. 

  

	98.	The term “Series C Preferred Shares” means Series C Preferred Shares of the Company par value of US$0.0001 each. 

  

	99.	The term “Series D Investors” means Sequoia and Yunfeng. 

  

	100.	The term “Series D Preferred Shares” means Series D Preferred Shares of the Company par value of US$0.0001 each. 

  

	101.	The term “Shareholder” shall mean each of the Founder Holdcos and the Investors. 

  

	102.	The term “Shares” means (i) Ordinary Shares (whether now outstanding or hereafter issued in any context), (ii) Ordinary Shares issued or issuable upon conversion of the Preferred Shares and
(iii) Ordinary Shares issued or issuable upon exercise or conversion, as applicable, of share options, warrants or other convertible securities of the Company, in each case now owned or subsequently acquired by any Founder, any Investor, or
their respective successors or permitted transferees or assigns. 

  

	103.	The term “Share Plan” has the meaning ascribed to such term in Section 7.1 

  

  
 EXHIBIT A 

	104.	The term “Subsidiary” or “subsidiary” means, as of the relevant date of determination, with respect to any Person (the “subject entity”), (i) any Person: (1) more
than 50% of whose shares or other interests entitled to vote in the election of directors or (2) more than a fifty percent (50%) interest in the profits or capital of such Person are owned or controlled directly or indirectly by the
subject entity or through one (1) or more Subsidiaries of the subject entity, (ii) any Person whose assets, or portions thereof, are consolidated with the net earnings of the subject entity and are recorded on the books of the subject
entity for financial reporting purposes in accordance with U.S. GAAP or IFRS, or (iii) any Person with respect to which the subject entity has the power to otherwise direct the business and policies of that entity directly or indirectly through
another subsidiary. For the avoidance of doubt, the Subsidiaries of the Company shall include the Group Companies. 

  

	105.	The term “Tencent Deposit” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	106.	The term “Tencent Group” has the meaning ascribed to such term in Section 7.3(b)(i). 

  

	107.	The term “Tencent Indemnification” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	108.	The term “Tencent Offer” has the meaning ascribed to such term in Section 7.3(b)(ii). 

  

	109.	The term “Tiger” means Tiger Global Eight Holdings. 

  

	110.	The term “Transfer Shares” has the meaning ascribed to such term in Section 6.2(a) 

  

	111.	The term “Transferor” has the meaning ascribed to such term in Section 6.2(a). 

  

	112.	The term “Undersubscription Notice” has the meaning ascribed to such term in Section 6.2(d). 

  

	113.	The term “United States Person” means any person described in Section 7701(a)(30) of the Code. 

  

	114.	The term “Unsubscribed Shares” has the meaning ascribed to such term in Section 6.2(d) 

  

	115.	The term “US$” means the United States dollar, the lawful currency of the United States of America. 

  

	116.	The term “US GAAP” mean the generally accepted accounting principles in the United States of America. 

  

	117.	The term “U.S. Investor” means (A) any Investor that is a United States Person and (B) any Investor, one or more of the owners of which are, or controlled by, United States Persons.

  

	118.	The term “Violation” has the meaning ascribed to such term in Section 8.1 of Exhibit B. 

  

  
 EXHIBIT A 

	119.	The term “WFOE” has the meaning ascribed to such term in the Preamble to this Agreement. 

  

	120.	The term “Yunfeng” means Rich Moon Limited. 

  

	121.	The term “Yunfeng Director” has the meaning ascribed to such term in Section 5.1(d). 

  

  
 EXHIBIT A 

 EXHIBIT B 

REGISTRATION RIGHTS 
  

	1.	Applicability of Rights; Non-U.S. Registrations. 

  

	1.1	The Holders shall be entitled to the following rights with respect to any potential public offering of the Company’s Ordinary Shares in the United States and shall be entitled to reasonably analogous or equivalent
rights with respect to any other offering of Company securities in any other jurisdiction pursuant to which the Company undertakes to publicly offer or list such securities for trading on a recognized securities exchange. 

 

	1.2	For purposes of this Agreement and Exhibit B, reference to registration of securities under the Securities Act and the Exchange Act shall be deemed to mean the equivalent registration in a jurisdiction other than
the United States as designated by such Holders, it being understood and agreed that in each such case all references in this Agreement to the Securities Act, the Exchange Act and rules, forms of registration statements and registration of
securities thereunder, U.S. law and the SEC, shall be deemed to refer, to the equivalent statutes, rules, forms of registration statements, registration of securities and laws of and equivalent government authority in the applicable non-U.S.
jurisdiction. 

  

	2.	Demand Registration. 

  

	2.1	Request by Holders. 

 If the Company shall, at any time after the earlier of (i) the
fourth anniversary after the Closing or (ii) following the taking effect of a registration statement for a Qualified IPO, receive a written request from the Holders of at least ten percent (10%) of the Registrable Securities then
Outstanding that the Company file a registration statement under the Securities Act covering the registration of at least ten percent (10%) of the Registrable Securities pursuant to this Section 2, (or any lesser percentage if the
anticipated gross receipts from the offering are to exceed US$1,000,000) then the Company shall, within ten (10) Business Days of the receipt of such written request, give written notice of such request (the “Request Notice”)
to all Holders, and use its best efforts to effect, as soon as practicable, the registration under the Securities Act of all Registrable Securities that the Holders request to be registered and included in such registration by written notice given
by such Holders to the Company within twenty (20) days after receipt of the Request Notice, subject only to the limitations of this Section 2; provided that the Company shall not be obligated to effect any such registration
if the Company has, within the six (6) month period preceding the date of such request, already effected a registration under the Securities Act pursuant to this Section 2 or Section 4 or in which the Holders had an
opportunity to participate pursuant to the provisions of Section 3, other than a registration from which the Registrable Securities of the Holders have been excluded (with respect to all or any portion of the Registrable Securities the
Holders requested be included in such registration) pursuant to the provisions of Sections 2.2(b) or 3.2(b). 
  

  
 EXHIBIT B 

	2.2	Underwriting. 

  

	 	(a)	If the Holders initiating the registration request under this Section 2 (the “Initiating Holders”) intend to distribute the Registrable Securities covered by their request by means of an
underwriting, then they shall so advise the Company as a part of their request made pursuant to this Section 2 and the Company shall include such information in the Request Notice. In such event, the right of any Holder to include its
Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a
majority in interest of the Initiating Holders and such Holder) to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the
managing underwriter or underwriters selected for such underwriting by the Holders of a majority of the Registrable Securities being registered and reasonably acceptable to the Company. 

 

	 	(b)	Notwithstanding any other provision of this Section 2, if the underwriter(s) advise(s) the Company in writing that marketing factors require a limitation of the number of securities to be underwritten then
the Company shall so advise all Holders of Registrable Securities which would otherwise be registered and underwritten pursuant hereto, and the number of Registrable Securities that may be included in the underwriting shall be reduced as required by
the underwriter(s) and allocated (i) first, to the Investors on a pro rata basis according to the number of Registrable Securities then Outstanding held by the Investors requesting registration and (ii) then, to the other Holders of
Registrable Securities on a pro rata basis according to the number of Registrable Securities then Outstanding held by each such Holder requesting registration; provided, however, that the number of shares of Registrable Securities to
be included in such underwriting and registration shall not be reduced unless all other securities are first entirely excluded from the underwriting and registration including, without limitation, all shares that are not Registrable Securities and
are held by any other person, including, without limitation, any person who is an employee, officer or director of the Company or any subsidiary of the Company; provided further, that at least twenty-five percent (25%) of shares of
Registrable Securities requested by the Holders to be included in such underwriting and registration shall be so included. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice
to the Company and the underwriter(s), delivered at least ten (10) Business Days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn
from the registration. 

  

	2.3	Maximum Number of Demand Registrations. 

 The Company shall not be obligated to effect
more than two (2) such registrations pursuant to this Section 2. 
  

  
 EXHIBIT B 

	2.4	Deferral. 

 Notwithstanding the foregoing, if the Company shall furnish to Holders
requesting registration pursuant to this Section 2, a certificate signed by the president or chief executive officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company
and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders;
provided, however, that the Company may not utilize this right more than twice in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve
(12) month period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected. 
  

	3.	Piggyback Registrations. 

  

	3.1	The Company shall notify all Holders of Registrable Securities in writing at least thirty (30) days prior to filing any registration statement under the Securities Act for purposes of effecting a public offering of
securities of the Company (including, but not limited to, registration statements relating to secondary offerings of securities of the Company, but excluding registration statements relating to any registration under Section 2 or
Section 3 of this Exhibit B or to any employee benefit plan or a corporate reorganization) and shall afford each such Holder an opportunity to include in such registration statement all or any part of the Registrable Securities then held
by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable Securities held by it shall within twenty (20) days after receipt of the
above-described notice from the Company, so notify the Company in writing, and in such notice shall inform the Company of the number of Registrable Securities such Holder wishes to include in such registration
statement. If a Holder decides not to include all of its Registrable Securities in any registration statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any
subsequent registration statement or registration statements as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. 

 

	3.2	Underwriting. 

  

	 	(a)	If a registration statement under which the Company gives notice under this Section 3 is for an underwritten offering, then the Company shall so advise the Holders of Registrable Securities. In such event,
the right of any such Holder’s Registrable Securities to be included in a registration pursuant to this Section 3 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such
Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the
managing underwriter or underwriters selected for such underwriting. 

  

  
 EXHIBIT B 

	 	(b)	Notwithstanding any other provision of this Agreement, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing
underwriter(s) may exclude shares from the registration and the underwriting, and the number of shares that may be included in the registration and the underwriting shall be allocated, first, to the Company, second, to each of the Investors
requesting inclusion of their Registrable Securities in such registration statement on a pro rata basis based on the total number of shares of Registrable Securities then held by the Investors, third, to the other Holders requesting inclusion of
their Registrable Securities in such registration statement on a pro rata basis based on the total number of shares of Registrable Securities then held by each such Holder and fourth, to holders of other securities of the Company; provided, however,
that the right of the underwriter(s) to exclude shares (including Registrable Securities) from the registration and underwriting as described above shall be restricted so that (i) the number of Registrable Securities included in any such
registration is not reduced below twenty-five percent (25%) of the aggregate number of shares of Registrable Securities for which inclusion has been requested; and (ii) all shares that are not Registrable Securities and are held by any
other person, including, without limitation, any person who is an employee, officer or director of the Company (or any Subsidiary of the Company) shall first be excluded from such registration and underwriting before any Registrable Securities are
so excluded, unless otherwise approved by the holders of a majority of the Registrable Securities. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the
underwriter(s), delivered at least ten (10) Business Days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration.

  

	3.3	Not Demand Registration. 

 Registration pursuant to this Section 3 shall not
be deemed to be a demand registration as described in Section 2 above. There shall be no limit on the number of times the Holders may request registration of Registrable Securities under this Section 3. 

 

	4.	Form F-3 Registration. 

 In case the
Company shall receive from any Holder or Holders of at least ten percent (10%) of all Registrable Securities then Outstanding a written request or requests that the Company effect a registration on Form
F-3 (or an equivalent registration in a jurisdiction outside of the United States) and any related qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder
or Holders, then the Company will: 
  

  
 EXHIBIT B 

	4.1	Notice. 

 Promptly give written notice of the proposed registration and the Holder’s
or Holders’ request therefor, and any related qualification or compliance, to all other Holders of Registrable Securities; and 
  

	4.2	Registration. 

 As soon as practicable, effect such registration and all such
qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holders or Holders’ Registrable Securities as are specified in such request, together with all or
such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within twenty (20) days after the Company provides the notice contemplated by Section 4.1;
provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance pursuant to this Section 4: 
  

	 	(a)	if Form F-3 is not available for such offering by the Holders; 

  

	 	(b)	if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate
price to the public of less than US$1,000,000; 

  

	 	(c)	if the Company shall furnish to the Holders a certificate signed by the president or chief executive officer of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be
materially detrimental to the Company and its shareholders for such Form F-3 Registration to be effected at such time, in which event the Company shall have the right to defer the filing of the Form F-3 registration statement no more than once during any twelve (12) month period for a period of not more than sixty (60) days after receipt of the request of the Holder or Holders under this
Section 4; provided that the Company shall not register any of its other shares during such sixty (60) day period. 

  

	 	(d)	if the Company has, within the six (6) month period preceding the date of such request, already effected a registration under the Securities Act other than a registration from which the Registrable Securities of
Holders have been excluded (with respect to all or any portion of the Registrable Securities the Holders requested be included in such registration) pursuant to the provisions of Sections 2.2 and 3.2; or 

 

	 	(e)	in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance.

  

	4.3	Not a Demand Registration. 

 Form F-3
registrations shall not be deemed to be demand registrations as described in Section 2 above. Except as otherwise provided herein, there shall be no limit on the number of times the Holders may request registration of Registrable
Securities under this Section 4. 
  

  
 EXHIBIT B 

	4.4	Underwriting. 

 If the Holders of Registrable Securities requesting registration under
this Section 4 intend to distribute the Registrable Securities covered by their request by means of an underwriting, the provisions of Section 2.2 shall apply to such registration. 

 

	5.	Expenses. 

 All Registration Expenses incurred in connection with any registration
pursuant to Sections 2, 3 or 4 (but excluding Selling Expenses) shall be borne by the Company. Each Holder participating in a registration pursuant to Sections 2, 3 or 4 shall bear such Holder’s
proportionate share (based on the total number of shares sold in such registration other than for the account of the Company) of all Selling Expenses or other amounts payable to underwriter(s) or brokers, in connection with such offering by the
Holders. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 2 if the registration request is subsequently withdrawn at the request of the
Holders of a majority of the Registrable Securities to be registered, unless the Holders of a majority of the Registrable Securities then Outstanding agree that such registration constitutes the use by the Holders of one (1) demand registration
pursuant to Section 2; provided further, however, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company not known to the Holders at the time
of their request for such registration and have withdrawn their request for registration with reasonable promptness after learning of such material adverse change, then the Holders shall not be required to pay any of such expenses and such
registration shall not constitute the use of a demand registration pursuant to Section 2. 
  

	6.	Obligations of the Company. 

 Whenever required to effect the registration of any
Registrable Securities under this Agreement the Company shall, as expeditiously as reasonably possible: 
  

	6.1	Registration Statement. 

 Prepare and file with the SEC a registration statement with
respect to such Registrable Securities and use its best efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration
statement effective for a period of up to ninety (90) days or, in the case of Registrable Securities registered under Form F-3 in accordance with Rule 415 under the Securities Act or a successor rule, until the distribution contemplated in the
registration statement has been completed; provided, however, that (i) such ninety (90) day period shall be extended for a period of time equal to the period any Holder refrains from selling any securities included in such registration at
the request of the underwriter(s), and (ii) in the case of any registration of Registrable Securities on Form F-3 which are intended to be offered on a continuous or delayed basis, such ninety (90) day period shall be extended, if necessary, to
keep the registration statement effective until all such Registrable Securities are sold. 
  

  
 EXHIBIT B 

	6.2	Amendments and Supplements. 

 Prepare and file with the SEC such amendments and
supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by
such registration statement. 
  

	6.3	Prospectuses. 

 Furnish to the Holders such number of copies of a prospectus, including a
preliminary prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of the Registrable Securities owned by them that are included in such
registration. 
  

	6.4	Blue Sky. 

 Use its best efforts to register and qualify the securities covered by such
registration statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify
to do business or to file a general consent to service of process in any such states or jurisdictions unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act. 

 

	6.5	Underwriting. 

 In the event of any underwritten public offering, enter into and perform
its obligations under an underwriting agreement in usual and customary form, with the managing underwriter(s) of such offering. 
  

	6.6	Notification. 

 Notify each Holder of Registrable Securities covered by such registration
statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of (i) the issuance of any stop order by the SEC in respect of such registration statement, or (ii) the happening of any event as
a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein
not misleading in the light of the circumstances then existing. 
  

	6.7	Opinion and Comfort Letter. 

 Furnish, at the request of any Holder requesting
registration of Registrable Securities, on the date that such Registrable Securities are delivered to the underwriter(s) for sale, if such securities are being sold through underwriters, or, if such securities are not being sold through
underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and
substance as is customarily given to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting
registration of Registrable Securities and (ii) letters dated as of (1) the effective date of the registration statement covering such Registrable Securities and (2) the closing date of the offering from the independent certified
public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders
requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 
  

  
 EXHIBIT B 

	7.	Furnish Information. 

 It shall be a condition precedent to the obligations of the
Company to take any action pursuant to Sections 2, 3 or 4 that the selling Holders shall furnish to the Company such information regarding themselves, the Registrable Securities held by them and the intended method of
disposition of such securities as shall be required to timely effect the Registration of their Registrable Securities. 
  

	8.	Indemnification.  

 In the event any Registrable Securities are included in
a registration statement under Sections 2, 3 or 4: 
  

	8.1	By the Company. 

 To the extent permitted by law, the Company shall indemnify and hold
harmless each Holder, its partners, officers, directors, legal counsel, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or
the Exchange Act, against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other United States federal or state law, insofar as such losses, claims,
damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): 

 

	 	(a)	any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto; 

  

	 	(b)	the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or 

 

	 	(c)	any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any United States federal or state securities law or any rule or regulation promulgated under the Securities Act, the Exchange
Act or any United States federal or state securities law in connection with the offering covered by such registration statement; 

  

  
 EXHIBIT B 

 and the Company will reimburse each such Holder, its partner, officer, director, legal counsel,
underwriter or controlling person for any legal or other expenses reasonably incurred by them, as incurred, in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the
indemnity agreement contained in this Section 8.1 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity
with written information furnished expressly for use in connection with such registration by such Holder or any partner, officer, director, counsel, underwriter or controlling person of such Holder. 

 

	8.2	By Selling Holders. 

 To the extent permitted by law, each selling Holder will, if
Registrable Securities held by Holder are included in the securities as to which such registration qualifications or compliance is being effected, indemnify and hold harmless the Company, each of its directors, each of its officers who has signed
the registration statement, each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter and any other Holder selling securities under such registration statement or any of such other Holder’s
partners, directors, officers, legal counsel or any person who controls such Holder within the meaning of the Securities Act or the Exchange Act, against any losses, claims, damages or liabilities (joint or several) to which the Company or any such
director, officer, legal counsel, controlling person, underwriter or other such Holder, partner or director, officer or controlling person of such other Holder may become subject under the Securities Act, the Exchange Act or other United States
federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance
upon and in conformity with written information furnished by such Holder expressly for use in connection with such registration; and each such Holder will reimburse any legal or other expenses reasonably incurred by the Company or any such director,
officer, controlling person, underwriter or other Holder, partner, officer, director or controlling person of such other Holder in connection with investigating or defending any such loss, claim, damage, liability or action; provided,
however, that the indemnity agreement contained in this Section 8.2 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the
Holder, which consent shall not be unreasonably withheld; and provided further, that in no event shall any indemnity under this Section 8.2 exceed the net proceeds received by such Holder in the registered offering out of
which the applicable Violation arises. 
  

  
 EXHIBIT B 

	8.3	Notice. 

 Promptly after receipt by an indemnified party under this Section 8
of notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnified party under this Section 8, deliver to the indemnifying
party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the
defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential conflict of interests between such indemnified party and any other party represented by such counsel in such
proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of liability to the indemnified party under this Section 8
to the extent the indemnifying party is prejudiced as a result thereof, but the omission to so deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this
Section 8. 
  

	8.4	Contribution. 

 In order to provide for just and equitable contribution to joint
liability under the Securities Act in any case in which either (i) any indemnified party makes a claim for indemnification pursuant to this Section 8 but it is judicially determined (by the entry of a final judgment or decree by a
court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 8 provides for
indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any indemnified party in circumstances for which indemnification is provided under this Section 8; then, and in each such
case, the indemnified party and the indemnifying party will contribute to the aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and the indemnified party on the other hand in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations.
The relative fault of the indemnifying Party and of the indemnified Party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a
material fact relates to information supplied by the indemnifying Party or by the indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission;
provided, however, that, in any such case: (A) no Holder will be required to contribute any amount in excess of the net proceeds to such Holder from the sale of all such Registrable Securities offered and sold by such Holder
pursuant to such registration statement; and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person or entity who was not
guilty of such fraudulent misrepresentation. 
  

  
 EXHIBIT B 

	8.5	Survival. 

 The obligations of the Company and Holders under this Section 8
shall survive the completion of any offering of Registrable Securities in a registration statement, regardless of the expiration of any statutes of limitation or extensions of such statutes. No indemnifying party, in the defense of any such claim or
litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified
party of a release from all liability in respect to such claim or litigation. 
  

	9.	No Registration Rights to Third Parties. 

 Without the prior written consent of
the Holders of a majority in interest of the Registrable Securities then Outstanding, the Company covenants and agrees that it shall not grant, or cause or permit to be created, for the benefit of any person or entity any registration rights of any
kind (whether similar to the demand, “piggyback” or Form F-3 registration rights described in this Exhibit B, or otherwise) relating to any securities of the Company which are senior to, or on
a parity with, those granted to the Holders of Registrable Securities. 
  

	10.	Rule 144 Reporting. 

 With a view to making available the benefits of certain
rules and regulations of the SEC which may at any time permit the sale of the Registrable Securities to the public without registration or pursuant to a registration on Form F-3, after such time as a public market exists for the Ordinary Shares, the
Company agrees to: 
  

	10.1	Make and keep public information available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times after the effective date of the first registration under the Securities Act filed
by the Company for an offering of its securities to the general public; 

  

	10.2	File with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); and

  

	10.3	So long as a Holder owns any Registrable Securities, to furnish to such Holder forthwith upon request (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any
time after ninety (90) days after the effective date of the Company’s initial public offering), the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), or its qualification as a
registrant whose securities may be resold pursuant to Form F-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company, and (iii) such other reports and documents of the Company as a
Holder may reasonably request in availing itself of any rule or regulation of the SEC that permits the selling of any such securities without registration or pursuant to Form F-3. 

 

  
 EXHIBIT B 

	11.	Market Stand-Off. 

 Each Shareholder agrees that, so long as it holds any voting
securities of the Company, upon request by the Company or the underwriters managing the initial public offering of the Company’s securities, it will not sell or otherwise transfer or dispose of any securities of the Company (other than those
permitted to be included in the registration and other transfers to Affiliates permitted by law) without the prior written consent of the Company or such underwriters, as the case may be, for a period of time specified by the representative of the
underwriters not to exceed one hundred and eighty (180) days from the effective date of the registration statement covering such initial public offering or the pricing date of such offering as may be requested by the underwriters. The foregoing
provision of this Section 11 shall not apply to the sale of any securities of the Company to an underwriter pursuant to any underwriting agreement, and shall only be applicable to the Holders if all officers, directors and holders of one
percent (1%) or more of the Company’s outstanding share capital enter into similar agreements, and if the Company or any underwriter releases any officer, director or holder of one percent (1%) or more of the Company’s
outstanding share capital from his or her sale restrictions so undertaken, then each Holder shall be notified prior to such release and shall itself be simultaneously released to the same proportional extent. The Company shall require all future
acquirers of the Company’s securities holding at least one percent (1%) of the then outstanding share capital of the Company to execute prior to a Qualified IPO a market stand-off agreement containing substantially similar provisions as
those contained in this Section 11. 
  

  
 EXHIBIT B 

 EXHIBIT C 

FORM OF ASSUMPTION AGREEMENT 

THIS ASSUMPTION AGREEMENT is made the     day of             ,
by and between Momo Technology Company Limited (the “Company”); and <            > (the <“New Investor”><“New
Shareholder”>). 
 The Company and the New Investor shall be referred to collectively as the Parties. 

WHEREAS 
  

	(A)	As of [—], 2014, the Company, certain existing shareholders of the Company and certain other parties entered into a Third Amended and Restated Shareholders’
Agreement (the “Shareholders Agreement”), attached hereto as Exhibit A. 

  

	(B)	The <New Investor><New Shareholder> wishes to acquire an aggregate of             <Ordinary Shares> <Preferred Shares> (as defined in
the Shareholders Agreement) in the capital of the Company and in accordance with the Shareholders Agreement has agreed to enter into this Assumption Agreement (the “Assumption Agreement”). 

 

	(C)	The Company is entering into this Assumption Agreement on behalf of itself and as agent for all the existing Shareholders of the Company. 

NOW, THEREFORE, the Parties hereby agree as follows: 

 

	1.	INTERPRETATION 

 In this Assumption Agreement, except as the context may otherwise
require, all words and expressions defined in the Shareholders Agreement shall have the same meanings when used herein. 
  

	2.	COVENANT 

 The <New Investor>< New Shareholder > hereby covenants to
the Company as trustee for all other persons who are at present or who may hereafter become bound by the Shareholders Agreement, and to the Company itself, to adhere to and be bound by all the duties, burdens and obligations of an party holding
<Ordinary Shares> <Preferred Shares> imposed pursuant to the provisions of the Shareholders Agreement and all documents expressed in writing to be supplemental or ancillary thereto as if the <New Investor>< New Shareholder >
had been an original party to the Shareholders Agreement as a <New Investor>< New Shareholder > since the date thereof. 
  

	3.	ENFORCEABILITY 

 Each existing Investor, Founder and the Company shall be entitled
to enforce the Shareholders Agreement against the <New Investor>< New Shareholder >, and the <New Investor>< New Shareholder > shall be entitled to all rights and benefits of a <New Investor>< New Shareholder >
under the Shareholders Agreement in each case as if such <New Investor>< New Shareholder > had been an original party to the Shareholders Agreement since the date hereof. 

 

	4.	GOVERNING LAW 

 This Assumption Agreement shall be governed by and construed under
the Laws of Hong Kong, without regard to principles of conflicts of law thereunder. 
  

	5.	COUNTERPARTS 

 This Assumption Agreement may be signed in any number of
counterparts which together shall form one and the same agreement. 
  

	6.	FURTHER ASSURANCE 

 Each party agrees to take all such further action as may be
reasonably necessary to give full effect to this Assumption Agreement on its terms and conditions. 
  

	7.	HEADINGS 

 The headings used in this Assumption Agreement are used for convenience
only and are not to be considered in construing or interpreting this Agreement. 
 [Reminder of page intentionally left blank] 

 

  
 EXHIBIT C 

 IN WITNESS whereof the parties have executed and delivered this Assumption9 Agreement on
the day and year first hereinbefore mentioned. 
  

					
	 COMPANY:
	 	MOMO TECHNOLOGY COMPANY LIMITED
			
		 	By:	 	  

		 	Name:	 	
		 	Capacity:	 	
		 	Address:	 	  

		 	Fax:	 	  

		 		 	
	<NEW INVESTOR:>	 	<            >
	< NEW SHAREHOLDER:>	 		 	
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	

 [SIGNATURE PAGE TO ASSUMPTION AGREEMENT] 

  
 EXHIBIT CEX-10.1

 Exhibit 10.1 

MOMO TECHNOLOGY COMPANY LIMITED 

AMENDED AND RESTATED SHARE INCENTIVE PLAN 

PREFACE 
 This
Plan is divided into two separate equity programs: (1) the option grant program set forth in Section 5 under which Eligible Persons (as defined in Section 3) may, at the discretion of the Administrator, be granted Options, and
(2) the share award program set forth in Section 6 under which Eligible Persons may, at the discretion of the Administrator, be awarded restricted or unrestricted Ordinary Shares. Section 2 of this Plan contains the general rules
regarding the administration of this Plan. Section 3 sets forth the requirements for eligibility to receive an Award grant under this Plan. Section 4 describes the authorized shares of the Company that may be subject to Awards granted
under this Plan. Section 7 contains other provisions applicable to all Awards granted under this Plan. Section 8 provides definitions for certain capitalized terms used in this Plan and not otherwise defined herein. 

 

	1.	PURPOSE OF THE PLAN. 

 The purpose of this Plan is to promote the success of the
Company and the interests of its shareholders by providing a means through which the Company may grant equity-based incentives to attract, motivate, retain and reward certain officers, employees, directors and other eligible persons and to further
link the interests of Award recipients with those of the Company’s shareholders generally. 
  

	2.	ADMINISTRATION. 

 2.1 Administrator. This Plan shall be
administered by and all Awards under this Plan shall be authorized by the Administrator. The “Administrator” means the Board or one or more committees appointed by the Board or another committee (within its delegated authority) to
administer all or certain aspects of this Plan. Any such committee shall be comprised solely of one or more directors or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to
another committee so constituted. The Board or a committee comprised solely of directors may also delegate, to the extent permitted by the BVI Business Companies Act (2004) of the British Virgin Islands and any other applicable law, to one or
more officers of the Company, its powers under this Plan (a) to designate the officers and employees of the Company and its Affiliates 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. The Board may delegate different levels of authority to different committees with administrative and grant authority under this Plan. Unless otherwise provided in the Memorandum and Articles of
Association of the Company or the applicable charter of any Administrator: (a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of a majority of the members present assuming the presence of
a quorum or the unanimous written consent of the members of the Administrator shall constitute action by the acting Administrator. 

  
 - 1 - 

 2.2 Plan Awards; Interpretation; Powers of Administrator.
Subject to the express provisions of this Plan, the Administrator is authorized and empowered to do all things it deems necessary or desirable in connection with the authorization of Awards and the administration of this Plan (in the case of a
committee or delegation to one or more officers, within the authority delegated to that committee or person(s)), including, without limitation, the authority to: 
  

	 	(a)	determine eligibility and, from among those persons determined to be eligible, the particular Eligible Persons who will receive Awards; 

 

	 	(b)	grant Awards to Eligible Persons, determine the price and number of securities to be offered or awarded to any of such persons, determine the other specific terms and conditions of Awards consistent with the express
limits of this Plan, establish the installments (if any) in which such Awards will become exercisable or will vest (which may include, without limitation, performance and/or time-based schedules) or determine that no delayed exercisability or
vesting is required, establish any applicable performance targets, and establish the events of termination or reversion of such Awards; 

  

	 	(c)	approve the forms of Award Agreements, which need not be identical either as to type of Award or among Participants; 

  

	 	(d)	construe and interpret this Plan and any Award Agreement or other agreements defining the rights and obligations of the Company, its Affiliates, and Participants under this Plan, make factual determinations with respect
to the administration of this Plan, further define the terms used in this Plan, and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the Awards; 

 

	 	(e)	cancel, modify, or waive the Company’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding Awards, subject to any required consent under Section 7.7.4;

  

	 	(f)	accelerate or extend the vesting or exercisability or extend the term of any or all outstanding Awards (within the maximum ten-year term of Awards under Sections 5.4.2 and 6.5) in such circumstances as the Administrator
may deem appropriate (including, without limitation, in connection with a termination of employment or services or other events of a personal nature); 

  

	 	(g)	determine Fair Market Value for purposes of this Plan and Awards; 

  

	 	(h)	determine the duration and purposes of leaves or absence that may be granted to Participants without constituting a termination of their employment for purposes of this Plan; and 

 

	 	(i)	determine whether, and the extent to which, adjustments are required pursuant to Section 7.3 hereof and authorize the termination, conversion, substitution or succession of awards upon the occurrence of an event of
the type described in Section 7.3. 

  

					
		 	- 2 -	 	Share Incentive Plan

 2.3 Binding Determinations. Any action taken by, or inaction
of, the Company, any Affiliate, the Board or the Administrator relating or pursuant to this Plan or under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the
Board nor the Administrator, nor any member thereof or person acting at the direction thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any Award), and
all such persons shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent
permitted by law and/or under any directors and officers liability insurance coverage that may be in effect from time to time. 

2.4 Reliance on Experts. In making any determination or in taking or not taking any action under this Plan,
the Administrator or the Board, as the case may be, may obtain and may rely upon the advice of experts, including employees of and professional advisors to the Company. No director, officer or agent of the Company or any of its Affiliates shall be
liable for any such action or determination taken or made or omitted in good faith. 
 2.5
Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers or employees of the Company or any of its Affiliates or to third parties. 

 

	3.	ELIGIBILITY. 

 Awards may be granted under this Plan only to those persons
that the Administrator determines to be Eligible Persons. An “Eligible Person” means any person who qualifies as one of the following at the time of grant of the respective Award: 

 

	 	(a)	an officer (whether or not a director) or employee of the Company or any of its Affiliates; 

  

	 	(b)	any member of the Board; or 

  

	 	(c)	any director of one of the Company’s Affiliates, or any individual consultant or advisor who renders or has rendered bona fide services (other than services in connection with the offering or sale of securities of
the Company or one of its Affiliates, as applicable, in a capital raising transaction or as a market maker or promoter of that entity’s securities) to the Company or one of its Affiliates. 

An advisor or consultant may be selected as an Eligible Person pursuant to clause (c) above only if such person’s participation in
this Plan would not adversely affect (1) the Company’s eligibility to rely on an exemption from registration under the Securities Act for the offering of shares issuable under this Plan by the Company, such as under Rule 701, or
(2) the Company’s compliance with any other applicable laws. 

  

					
		 	- 3 -	 	Share Incentive Plan

 An Eligible Person may, but need not, be granted one or more Awards pursuant to Section 5
and/or one or more Awards pursuant to Section 6. An Eligible Person who has been granted an Award under this Plan may, if otherwise eligible, be granted additional Awards under this Plan if the Administrator so determines. However, a
person’s status as an Eligible Person is not a commitment that any Award will be granted to that person under this Plan. Furthermore, an Eligible Person who has been granted an Award under Section 5 is not necessarily entitled to an Award
under Section 6, or vice versa, unless otherwise expressly determined by the Administrator. 
 Each Award granted under this Plan must
be approved by the Administrator at or prior to the grant of the Award. 
  

	4.	SHARES SUBJECT TO THE PLAN. 

 4.1 Shares
Available. Subject to the provisions of Section 7.3.1, the shares that may be delivered under this Plan will be the Company’s authorized but unissued Ordinary Shares. The Ordinary Shares issued and delivered may be issued and
delivered for any lawful consideration. 
 4.2 Share Limits. Subject to the provisions of
Section 7.3.1 and further subject to the share counting rules of Section 4.3, the maximum number of Ordinary Shares that may be delivered pursuant to Awards granted under this Plan will not exceed 44,758,220 shares (the “Share
Limit”) in the aggregate.* As required under U.S. Treasury Regulation Section 1.422-2(b)(3)(i), in no event will the number of Ordinary Shares that may be delivered pursuant to Incentive Stock Options granted under this Plan exceed the
Share Limit. 
 4.3 Replenishment and Reissue of Unvested Awards. To the extent that an Award is settled in cash or a
form other than Ordinary Shares, the shares that would have been delivered had there been no such cash or other settlement shall not be counted against the shares available for issuance under this Plan. No Award may be granted under this Plan
unless, on the date of grant, the sum of (a) the maximum number of Ordinary Shares issuable at any time pursuant to such Award, plus (b) the number of Ordinary Shares that have previously been issued pursuant to Awards granted under this Plan, plus
(c) the maximum number of Ordinary Shares that may be issued at any time after such date of grant pursuant to Awards that are outstanding on such date, does not exceed the Share Limit. Notwithstanding the foregoing, Ordinary Shares that are subject
to or underlie Options granted under this Plan that expire or for any reason are canceled or terminated without having been exercised (or Ordinary Shares subject to or underlying the unexercised portion of such Options in the case of Options that
were partially exercised), as well as Ordinary Shares that are subject to Share Awards made under this Plan that are forfeited to the Company or otherwise repurchased by the Company prior to the vesting of such shares for a price not greater than
the original purchase or issue price of such shares (as adjusted pursuant to Section 7.3.1) will again, except to the extent prohibited by law or applicable listing or regulatory requirements (and subject to any applicable limitations of the
Code in the case of Awards intended to be Incentive Stock Options), be available for subsequent Award grants under this Plan. Shares that are exchanged by a Participant or withheld by the Company as full or partial payment in connection with any
Award under this Plan, as well as any shares exchanged by a Participant or withheld by the Company or one of its Affiliates to satisfy the tax withholding obligations related to any Award, shall be available for subsequent awards under this Plan.

  

	*	 Award grants (including the number of shares subject to Awards granted) must be structured to satisfy the requirements of Rule 701 promulgated under
the Securities Act and applicable “blue sky” laws. Subject to Article 9(f) of the Memorandum and Articles of Association of the Company, unless a higher percentage is approved by at least two-thirds of the outstanding shares entitled to
vote, at no time shall the total number of shares subject to this Plan exceed a number of shares which is equal to 30% of the then-outstanding number of the Company’s Ordinary Shares (convertible preferred or convertible senior Ordinary Shares
will be counted on an as if converted basis). 

  

					
		 	- 4 -	 	Share Incentive Plan

 4.4 Reservation of Shares. The Company shall at all times
reserve a number of Ordinary Shares sufficient to cover the Company’s obligations and contingent obligations to deliver shares with respect to Awards then outstanding under this Plan. 

 

	5.	OPTION GRANT PROGRAM. 

 5.1 Option Grants in General. Each
Option shall be evidenced by an Award Agreement in the form approved by the Administrator. The Award Agreement evidencing an Option shall contain the terms established by the Administrator for that Option, as well as any other terms, provisions, or
restrictions that the Administrator may impose on the Option or any Ordinary Shares subject to the Option; in each case subject to the applicable provisions and limitations of this Section 5 and the other applicable provisions and limitations
of this Plan. The Administrator may require that the recipient of an Option promptly execute and return to the Company his or her Award Agreement evidencing the Option. In addition, the Administrator may require that the spouse of any married
recipient of an Option also promptly execute and return to the Company the Award Agreement evidencing the Option granted to the recipient or such other spousal consent form that the Administrator may require in connection with the grant of the
Option. 
 5.2 Types of Options. The Administrator will designate each Option granted under this Plan to a U.S.
resident as either an Incentive Stock Option or a Nonqualified Option, and such designation shall be set forth in the applicable Award Agreement. Any Option granted under this Plan to a U.S. resident that is not expressly designated in the
applicable Award Agreement as an Incentive Stock Option will be deemed to be designated a Nonqualified Option under this Plan and not an “incentive stock option” within the meaning of Section 422 of the Code. Incentive Stock Options
shall be subject to the provisions of Section 5.5 in addition to the provisions of this Plan applicable to Options generally. The Administrator may designate any Option granted under this Plan to a non-U.S. resident in accordance with the rules
and regulations applicable to options in the jurisdiction in which such person is a resident. The Administrator may, in its discretion, designate any Option as an Early Exercise Option pursuant to Section 5.9. 

5.3 Option Price. 

5.3.1 Pricing Limits. Subject to the following provisions of this Section 5.3.1, the Administrator will determine the
purchase price per share of the Ordinary Shares covered by each Option (the “exercise price” of the Option) at the time of the grant of the Option, which exercise price will be set forth in the applicable Award Agreement. In no case will
the exercise price of an Option be less than the greater of: 
  

	 	(a)	the par value of the Ordinary Shares; 

  

					
		 	- 5 -	 	Share Incentive Plan

	 	(b)	in the case of an Incentive Stock Option and subject to clause (c) below, or as otherwise required by applicable law, 100% of the Fair Market Value of the Ordinary Shares on the date of grant; or 

 

	 	(c)	in the case of an Incentive Stock Option granted to a Participant described in Section 5.6, 110% of the Fair Market Value of the Ordinary Shares on the date of grant. 

5.3.2 Payment Provisions. The Company will not be obligated to deliver certificates for the Ordinary Shares to be purchased on
exercise of an Option unless and until it receives full payment of the exercise price therefor, all related withholding obligations under Section 7.6 have been satisfied, and all other conditions to the exercise of the Option set forth herein
or in the Award Agreement have been satisfied. The purchase price of any Ordinary Shares purchased on exercise of an Option must be paid in full at the time of each purchase in such lawful consideration as may be permitted or required by the
Administrator, which may include, without limitation, one or a combination of the following methods: 
  

	 	(a)	cash, check payable to the order of the Company, or electronic funds transfer; 

  

	 	(b)	notice and third party payment in such manner as may be authorized by the Administrator; 

  

	 	(c)	the delivery of previously owned Ordinary Shares; 

  

	 	(d)	by a reduction in the number of Ordinary Shares otherwise deliverable pursuant to the Award; 

  

	 	(e)	subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise”; or 

  

	 	(f)	if authorized by the Administrator or specified in the applicable Award Agreement, by a promissory note of the Participant consistent with the requirements of Section 5.3.3. 

In no event shall any shares newly-issued by the Company be issued for less than the minimum lawful consideration for such
shares or for consideration other than consideration permitted by applicable law. In the event that the Administrator allows a Participant to exercise an Award by delivering Ordinary Shares previously owned by such Participant and unless otherwise
expressly provided by the Administrator, any shares delivered which were initially acquired by the Participant from the Company (upon exercise of an option or otherwise) must have been owned by the Participant for at least six months as of the date
of delivery or such other period, if any, as the Administrator prescribes based on accounting or other applicable rules then in effect. Ordinary Shares used to satisfy the exercise price of an Option (whether previously-owned shares or shares
otherwise deliverable pursuant to the terms of the Option) shall be valued at their Fair Market Value on the date of exercise. Unless otherwise expressly provided in the applicable Award Agreement, the Administrator may eliminate or limit a
Participant’s ability to pay the purchase or exercise price of any Award by any method other than cash payment to the Company. The Administrator may take all actions necessary to alter the method of Option exercise and the exchange and
transmittal of proceeds with respect to Participants resident in the People’s Republic of China (“PRC”) not having permanent residence in a country other than the PRC in order to comply with applicable PRC foreign exchange and
tax regulations. 

  

					
		 	- 6 -	 	Share Incentive Plan

 5.3.3 Acceptance of Notes to Finance Exercise. The Company may, with the
Administrator’s approval in each specific case, accept one or more promissory notes from any Eligible Person in connection with the exercise of any Option; provided that any such note shall be subject to the following terms and conditions: 

 

	 	(a)	The principal of the note shall not exceed the amount required to be paid to the Company upon the exercise, purchase or acquisition of one or more Awards under this Plan and the note shall be delivered directly to the
Company in consideration of such exercise, purchase or acquisition. 

  

	 	(b)	The initial term of the note shall be determined by the Administrator; provided that the term of the note, including extensions, shall not exceed a period of five years. 

 

	 	(c)	The note shall provide for full recourse to the Participant and shall bear interest at a rate determined by the Administrator, but not less than the interest rate necessary to avoid the imputation of interest under the
Code and to avoid any adverse accounting consequences in connection with the exercise, purchase or acquisition. 

  

	 	(d)	If the employment or services of the Participant by or to the Company and its Affiliates terminates, the unpaid principal balance of the note shall become due and payable on the 30th business day after such termination;
provided, however, that if a sale of the shares acquired on exercise of the Option would cause such Participant to incur liability under Section 16(b) of the Exchange Act, the unpaid balance shall become due and payable on the 10th business day
after the first day on which a sale of such shares could have been made without incurring such liability assuming for these purposes that there are no other transactions (or deemed transactions) in securities of the Company by the Participant
subsequent to such termination. 

  

	 	(e)	If required by the Administrator or by applicable law, the note shall be secured by a pledge of any shares or rights financed thereby or other collateral, in compliance with applicable law. 

  

					
		 	- 7 -	 	Share Incentive Plan

 The terms, repayment provisions, and collateral release provisions of the note
and the pledge securing the note shall conform with all applicable rules and regulations, including those of the Federal Reserve Board of the United States and any applicable law, as then in effect. 

5.4 Vesting; Term; Exercise Procedure. 

5.4.1 Vesting. Except as provided in Section 5.9, an Option may be exercised only to the extent that it is vested and
exercisable. The Administrator will determine the vesting and/or exercisability provisions of each Option (which may be based on performance criteria, passage of time or other factors or any combination thereof), which provisions will be set forth
in the applicable Award Agreement. Unless the Administrator otherwise expressly provides, once exercisable an Option will remain exercisable until the expiration or earlier termination of the Option. To the extent required to satisfy applicable
securities laws and subject to Section 5.7, no Option (except an Option granted to an officer, director, or consultant of the Company or any of its Affiliates) shall vest and become exercisable at a rate of less than 20% per year over five
years after the date the Option is granted. 
 5.4.2 Term. Each Option shall expire not more than 10 years after its date of
grant. Each Option will be subject to earlier termination as provided in or pursuant to Sections 5.7 and 7.3. Any payment of cash or delivery of shares in payment of or pursuant to an Option may be delayed until a future date if specifically
authorized by the Administrator in writing and by the Participant. 
 5.4.3 Exercise Procedure. Any exercisable Option will be
deemed to be exercised when the Company receives written notice of such exercise from the Participant (on a form and in such manner as may be required by the Administrator), together with any required payment made in accordance with Section 5.3
and Section 7.6 and any written statement required pursuant to Section 7.5.1. 
 5.4.4 Voting Rights. A Participant
shall duly sign a power of attorney for the authorization of all the voting and signing rights of the Ordinary Shares acquired upon exercise of the Option in substantially the form attached to the Award Agreement. 

5.4.5 Fractional Shares/Minimum Issue. Fractional share interests will be disregarded, but may be accumulated. The Administrator,
however, may determine that cash, other securities, or other property will be paid or transferred in lieu of any fractional share interests. No fewer than 100 shares (subject to adjustment pursuant to Section 7.3.1) may be purchased on exercise
of any Option at one time unless the number purchased is the total number at the time available for purchase under the Option. 

  

					
		 	- 8 -	 	Share Incentive Plan

 5.5 Limitations on Grant and Terms of Incentive Stock Options. 

5.5.1 US$100,000 Limit. To the extent that the aggregate Fair Market Value of shares with respect to which incentive stock
options first become exercisable by a Participant in any calendar year exceeds US$100,000, taking into account both Ordinary Shares subject to Incentive Stock Options under this Plan and shares subject to incentive stock options under all other
plans of the Company or any of its Affiliates, such options will be treated as nonqualified options. For this purpose, the Fair Market Value of the shares subject to options will be determined as of the date the options were awarded. In reducing the
number of options treated as incentive stock options to meet the US$100,000 limit, the most recently granted options will be reduced (recharacterized as nonqualified options) first. To the extent a reduction of simultaneously granted options is
necessary to meet the US$100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which Ordinary Shares are to be treated as shares acquired pursuant to the exercise of an incentive stock option. 

5.5.2 Other Code Limits. Incentive Stock Options may only be granted to individuals that are employees of the Company or one of
its Affiliates and satisfy the other eligibility requirements of the Code. Any Award Agreement relating to Incentive Stock Options will contain or shall be deemed to contain such other terms and conditions as from time to time are required in order
that the Option be an “incentive stock option” as that term is defined in Section 422 of the Code. 
 5.5.3 ISO
Notice of Sale Requirement. Any Participant who exercises an Incentive Stock Option shall give prompt written notice to the Company of any sale or other transfer of the Ordinary Shares acquired on such exercise if the sale or other transfer
occurs within (a) one year after the exercise date of the Option, or (b) two years after the grant date of the Option. 

5.6 Limits on 10% Holders. No Incentive Stock Option may be granted to any person who, at the time the
Incentive Stock Option is granted, owns (or is deemed to own under Section 424(d) of the Code) outstanding shares of the Company (or any of its Affiliates) possessing more than 10% of the total combined voting power of all classes of shares of
the Company (or any of its Affiliates), unless the exercise price of such Incentive Stock Option is at least 110% of the Fair Market Value of the shares subject to the Incentive Stock Option and such Incentive Stock Option by its terms is not
exercisable after the expiration of five years from the date such Incentive Stock Option is granted. 

  

					
		 	- 9 -	 	Share Incentive Plan

 5.7 Effects of Termination of Employment on Options. 

5.7.1 Dismissal for Cause. Unless otherwise provided in the Award Agreement and subject to earlier termination pursuant to or as
contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Company or any of its Affiliates is terminated by such entity for Cause, the Participant’s Option will terminate on the Participant’s
Severance Date, whether or not the Option is then vested and/or exercisable. 
 5.7.2 Death or Disability. Unless otherwise
provided in the Award Agreement (consistent with applicable securities laws) and subject to earlier termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Company or any of
its Affiliates terminates as a result of the Participant’s death or Total Disability: 
  

	 	(a)	the Participant (or his or her Personal Representative or Beneficiary, in the case of the Participant’s Total Disability or death, respectively), will have until the date that is 12 months after the
Participant’s Severance Date to exercise the Participant’s Option (or portion thereof) to the extent that it was vested and exercisable on the Severance Date; 

 

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

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

 5.7.3 Other Terminations of Employment. Unless otherwise provided in the Award Agreement
(consistent with applicable securities laws) and subject to earlier termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Company or any of its Affiliates terminates for any
reason other than a termination by such entity for Cause or because of the Participant’s death or Total Disability: 
  

	 	(a)	the Participant will have until the date that is 90 days after the Participant’s Severance Date to exercise his or her Option (or portion thereof) to the extent that it was vested and exercisable on the Severance
Date; 

  

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

	 	(c)	the Option, to the extent exercisable for the 90-day period following the Participant’s Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 90-day
period. 

  

					
		 	- 10 -	 	Share Incentive Plan

 5.8 Option Repricing/Cancellation and Regrant/Waiver of
Restrictions. Subject to Section 4 and Section 7.7 and the specific limitations on Options contained in this Plan, the Administrator from time to time may authorize, generally or in specific cases only, for the benefit of any
Eligible Person, any adjustment in the exercise price, the vesting schedule, the number of shares subject to, or the term of, an Option granted under this Plan by cancellation of an outstanding Option and a subsequent regranting of the Option, by
amendment, by substitution of an outstanding Option, by waiver or by other legally valid means. Such amendment or other action may result in, among other changes, an exercise price that is higher or lower than the exercise price of the original or
prior Option, provide for a greater or lesser number of Ordinary Shares subject to the Option, or provide for a longer or shorter vesting or exercise period. 

5.9 Early Exercise Options. The Administrator may, in its discretion, designate any Option as an Early
Exercise Option which, by express provision in the applicable Award Agreement, may be exercised prior to the date such Option has vested. If the Participant elects to exercise all or a portion of an Early Exercise Option before it is vested, the
Ordinary Shares acquired under the Option which are attributable to the unvested portion of the Option shall be Restricted Shares. The applicable Award Agreement will specify the extent (if any) to which and the time (if ever) at which the
Participant will be entitled to dividends, voting and other rights in respect of such Restricted Shares prior to vesting, and the restrictions imposed on such shares and the conditions of release or lapse of such restrictions. Unless otherwise
expressly provided in the applicable Award Agreement, such Restricted Shares shall be subject to the provisions of Sections 6.6 through 6.9, below. 
  

	6.	SHARE AWARD PROGRAM. 

 6.1 Share Awards in General. Each
Share Award shall be evidenced by an Award Agreement in the form approved by the Administrator. The Award Agreement evidencing a Share Award shall contain the terms established by the Administrator for that Share Award, as well as any other terms,
provisions, or restrictions that the Administrator may impose on the Share Award; in each case subject to the applicable provisions and limitations of this Section 6 and the other applicable provisions and limitations of this Plan. The
Administrator may require that the recipient of a Share Award promptly execute and return to the Company his or her Award Agreement evidencing the Share Award. In addition, the Administrator may require that the spouse of any married recipient of a
Share Award also promptly execute and return to the Company the Award Agreement evidencing the Share Award granted to the recipient or such other spousal consent form that the Administrator may require in connection with the grant of the Share
Award. 
 6.2 Types of Share Awards. The Administrator shall designate whether a Share Award shall be a
Restricted Share Award, and such designation shall be set forth in the applicable Award Agreement. 

  

					
		 	- 11 -	 	Share Incentive Plan

 6.3 Purchase Price. 

6.3.1 Pricing Limits. Subject to the following provisions of this Section 6.3, the Administrator will determine the purchase
price per share of the Ordinary Shares covered by each Share Award at the time of grant of the Award. In no case will such purchase price be less than the par value of the Ordinary Shares. 

6.3.2 Payment Provisions. The Company will not be obligated to record in the Company’s register of members, or issue
certificates evidencing, Ordinary Shares awarded under this Section 6 unless and until it receives full payment of the purchase price therefor and all other conditions to the purchase, as determined by the Administrator, have been satisfied, at
which point the relevant shares shall be issued and noted in the Company’s register of members. The purchase price of any shares subject to a Share Award must be paid in full at the time of the purchase in such lawful consideration as may be
permitted or required by the Administrator, which may include, without limitation, one or a combination of the methods set forth in clauses (a) through (f) in Section 5.3.2 and/or past services rendered to the Company or any of its
Affiliates. 
 6.4 Vesting. The restrictions imposed on the Ordinary Shares subject to a Restricted Share Award (which
may be based on performance criteria, passage of time or other factors or any combination thereof) will be set forth in the applicable Award Agreement. To the extent required to satisfy applicable securities laws, the restrictions imposed on the
Ordinary Shares subject to a Restricted Share Award (other than an Award granted to an officer, director, or consultant of the Company or any of its Affiliates, which may include more restrictive provisions) shall lapse as to such shares, subject to
Section 6.8, at a rate of at least 20% of the shares subject to the Award per year over the five years after the date the Award is granted. 

6.5 Term. A Share Award shall either vest or be repurchased by the Company not more than 10 years after the
date of grant. Each Share Award will be subject to earlier repurchase as provided in or pursuant to Sections 6.8 and 7.3. Any payment of cash or delivery of shares in payment for a Share Award may be delayed until a future date if specifically
authorized by the Administrator in writing and by the Participant. 
 6.6 Share Certificates;
Fractional Shares. Share certificates evidencing Restricted Shares will bear a legend making appropriate reference to the restrictions imposed hereunder and will be held by the Company or by a third party designated by the Administrator
until the restrictions on such shares have lapsed, the shares have vested in accordance with the provisions of the Award Agreement and Section 6.4, and any related loan has been repaid. Fractional share interests will be disregarded, but may be
accumulated. The Administrator, however, may determine that cash, other securities, or other property will be paid or transferred in lieu of any fractional share interests. 

6.7 Dividend and Voting Rights. Unless otherwise provided in the applicable Award Agreement, a Participant
holding Restricted Shares will not be entitled to cash dividend and voting rights for Restricted Shares issued before they are vested.  

  

					
		 	- 12 -	 	Share Incentive Plan

 6.8 Termination of Employment; Return to the Company. Unless the
Administrator otherwise expressly provides, Restricted Shares subject to an Award that remain subject to vesting conditions that have not been satisfied by the time specified in the applicable Award Agreement (which may include, without limitation,
the Participant’s Severance Date), will not vest and will be reacquired by the Company in such manner and on such terms as the Administrator provides, which terms shall include return or repayment of the lower of (a) the Fair Market
Value of the Restricted Shares at the time of the termination, or (b) the original purchase price of the Restricted Shares, without interest, to the Participant to the extent not prohibited by law. The Award Agreement shall specify any other
terms or conditions of the repurchase if the Award fails to vest. 
 6.9 Waiver of Restrictions. Subject
to Sections 4 and 7.7 and the specific limitations on Share Awards contained in this Plan, the Administrator from time to time may authorize, generally or in specific cases only, for the benefit of any Eligible Person, any adjustment in the vesting
schedule, or the restrictions upon or the term of, a Share Award granted under this Plan by amendment, by substitution of an outstanding Share Award, by waiver or by other legally valid means. 

 

	7.	PROVISIONS APPLICABLE TO ALL AWARDS. 

 7.1 Rights of Eligible
Persons, Participants and Beneficiaries. 
 7.1.1 Employment Status. No person shall have any claim or rights to be
granted an Award (or additional Awards, as the case may be) under this Plan, subject to any express contractual rights (set forth in a document other than this Plan) to the contrary. 

7.1.2 No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or related to any
Award) shall confer upon any Eligible Person or Participant any right to continue in the employ or other service of the Company or any of its Affiliates, constitute any contract or agreement of employment or other service or affect an
employee’s status as an employee at will, nor shall interfere in any way with the right of the Company or any Affiliate to change such person’s compensation or other benefits, or to terminate his or her employment or other service, with or
without cause at any time. Nothing in this Section 7.1.2, or in Section 7.3 or 7.15, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract. An Award Agreement
shall not constitute a contract of employment or service. 
 7.1.3 Plan Not Funded. Awards payable under this Plan will be
payable in Ordinary Shares or from the general assets of the Company, and (except as to the share reservation provided in Section 4.4) no special or separate reserve, fund or deposit will be made to assure payment of such Awards. No
Participant, Beneficiary or other person will have any right, title or interest in any fund or in any specific asset (including Ordinary Shares, except as expressly provided) of the Company or any of its Affiliates by reason of any Award hereunder.
Neither the provisions of this Plan (or of any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan will create, or be construed to create, a trust of any kind or a fiduciary
relationship between the Company or any of its Affiliates and any Participant, Beneficiary or other person. To the extent that a Participant, Beneficiary or other person acquires a right to receive payment pursuant to any Award hereunder, such right
will be no greater than the right of any unsecured general creditor of the Company. 

  

					
		 	- 13 -	 	Share Incentive Plan

 7.1.4 Charter Documents. The Memorandum and Articles of Association of the Company,
as may lawfully be amended from time to time, may provide for additional restrictions and limitations with respect to the Ordinary Shares (including additional restrictions and limitations on the voting or transfer of Ordinary Shares) or priorities,
rights and preferences as to securities and interests prior in rights to the Ordinary Shares. To the extent that these restrictions and limitations are greater than those set forth in this Plan or any Award Agreement, such restrictions and
limitations shall apply to any Ordinary Shares acquired pursuant to the exercise of Awards and are incorporated herein by this reference. 

7.2 No Transferability; Limited Exception to Transfer Restrictions. 

7.2.1 Limit On Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 7.2, by
applicable law and by the Award Agreement, as the same may be amended: 
  

	 	(a)	all Awards are non-transferable and will not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; 

 

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

  

	 	(c)	amounts payable or shares issuable pursuant to an Award will be delivered only to (or for the account of), and, in the case of Ordinary 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. 

7.2.2 Further Exceptions to Limits On Transfer. The exercise and transfer restrictions in Section 7.2.1 will not apply to:

  

	 	(a)	transfers to the Company; 

  

	 	(b)	transfers by gift to one or more Affiliates of the Participant; 

  

	 	(c)	transfers by gift to “immediate family” as that term is defined in SEC Rule 16a-1(e) promulgated under the Exchange Act or one or more Affiliates of “immediate family”; 

  

					
		 	- 14 -	 	Share Incentive Plan

	 	(d)	the designation of a Beneficiary to receive benefits if the Participant dies or, if the Participant has died, transfers to or exercises by the Participant’s Beneficiary, or, in the absence of a validly designated
Beneficiary, transfers by will or the laws of descent and distribution; or 

  

	 	(e)	if the Participant has suffered a disability, permitted transfers or exercises on behalf of the Participant by the Participant’s duly authorized legal representative. 

Notwithstanding anything else in this Section 7.2.2 to the contrary, but subject to compliance with all applicable laws,
unless otherwise determined by the Administrator, Incentive Stock Options and Restricted Share Awards will be subject to any and all transfer restrictions under the Code applicable to such awards or necessary to maintain the intended tax
consequences of such Awards. Notwithstanding clause (b) above but subject to compliance with all applicable laws, any contemplated transfer by gift to “immediate family” as referenced in clause (b) above is subject to the
condition precedent that the transfer be approved by the Administrator in order for it to be effective. 
 7.2.3 Company’s Call
Right. The Company shall have the right (but not the obligation) to repurchase in one or more transactions in connection with the Participant’s termination of employment by or services to the Company or any of its Affiliates, and the
Participant (or any permitted transferee) shall be obligated to sell any of the shares acquired in accordance with Sections 5 and 6 of this Plan at the Repurchase Price (the “Call Right”). The Company may designate and assign one or
more employees, officers or shareholders of the Company or other persons to exercise all or a part of the Company’s Call Rights under this Section 7.2.3. This Call Right shall automatically terminate on the Public Offering Date. 

7.3 Adjustments; Changes in Control. 

7.3.1 Adjustments. Upon or in contemplation of any reclassification, recapitalization, share split (including a share split in
the form of a share dividend) or reverse share split (“share split”); any merger, amalgamation, combination, consolidation or other reorganization; any split-up, spin-off, or similar extraordinary dividend distribution in respect of the
Ordinary Shares (whether in the form of securities or property); any exchange of Ordinary Shares or other securities of the Company, or any similar, unusual or extraordinary corporate transaction in respect of the Ordinary Shares; or a sale of
substantially all the assets of the Company as an entirety; then the Administrator shall, in such manner, to such extent (if any) and at such time as it deems appropriate and equitable in the circumstances: 

 

	 	(a)	proportionately adjust any or all of (1) the number of Ordinary Shares or the number and type of other securities that thereafter may be made the subject of Awards (including the specific share limits, maxima and
numbers of shares set forth elsewhere in this Plan), (2) the number, amount and type of Ordinary Shares (or other securities or property) subject to any or all outstanding Awards, (3) the grant, purchase, or exercise price of any or all
outstanding Awards, or (4) the securities, cash or other property deliverable upon exercise or vesting of any outstanding Awards, or 

  

					
		 	- 15 -	 	Share Incentive Plan

	 	(b)	make provision for a settlement by a cash payment or for the assumption, substitution or exchange of any or all outstanding Awards (or the cash, securities or other property deliverable to the holder(s) of any or all
outstanding Awards) based upon the distribution or consideration payable to holders of the Ordinary Shares upon or in respect of such event. 

The Administrator may adopt such valuation methodologies for outstanding Awards as it deems reasonable in the event of a cash,
securities or other property settlement. In the case of Options, but without limitation on other methodologies, the Administrator may base such settlement solely upon the excess (if any) of the amount payable upon or in respect of such event over
the exercise price of the Option to the extent of the then vested and exercisable shares subject to the Option. 
 The
Administrator may make adjustments to and/or accelerate the exercisability of Options in a manner that disqualifies the Options as Incentive Stock Options without the written consent of the Option holders affected thereby. 

In any of such events, the Administrator may take such action prior to such event to the extent that the Administrator deems
the action necessary to permit the Participant to realize the benefits intended to be conveyed with respect to the underlying shares in the same manner as is or will be available to shareholders generally. 

Any adjustment by the Administrator pursuant to this Section 7.3.1 shall be final, binding, and conclusive. Unless
otherwise expressly provided by the Administrator, in no event shall a conversion of one or more outstanding shares of the Company’s preferred shares (if any) or any new issuance of securities by the Company for consideration be deemed, in and
of itself, to require an adjustment pursuant to this Section 7.3.1. 
 In the case of any event described in the first
paragraph of this Section 7.3.1, if no action is formally taken by the Administrator in the circumstances with respect to then-outstanding Awards, the proportionate adjustments contemplated by clause (a) above shall nevertheless be deemed
to have been made with respect to the Awards outstanding at the time of such event in order to preserve the intended level of incentives. 

  

					
		 	- 16 -	 	Share Incentive Plan

 7.3.2 Consequences of a Change in Control Event. Subject to Sections 7.3.1, 7.3.4
through 7.3.6, upon (or, as may be necessary to effectuate the purposes of this acceleration, immediately prior to) the occurrence of a Change in Control Event, subject to the discretion and determination of the Administrator: 

 

	 	(a)	each Option may become immediately vested and exercisable, and 

  

	 	(b)	Restricted Shares may immediately vest free of forfeiture restrictions and/or restrictions giving the Company the right to repurchase the shares at their original purchase price; 

provided, however, that the surviving corporation in a Change in Control Event does not assume the Call Right, and
provided, further, that if the surviving corporation in a Change in Control Event does assume the Call Right, that notwithstanding anything to the contrary, any outstanding unvested Options and Restricted Shares shall be deemed vested
upon the one-year anniversary of the consummation of the Change in Control Event, and provided, further, the acceleration provisions of this Section 7.3.2 shall not apply, unless otherwise expressly provided by the Administrator,
with respect to any Award to the extent that the Administrator has made other provision for the substitution, assumption, exchange or other continuation or settlement of the Award, or the Award would otherwise continue in accordance with its terms,
in the circumstances. 
 The foregoing Change in Control Event provisions shall not in any way limit the authority of the
Administrator to accelerate the vesting of one or more Awards in such circumstances (including, but not limited to, a Change in Control Event) as the Administrator may determine to be appropriate, regardless of whether accelerated vesting of all or
a portion of the Award(s) is otherwise required or contemplated by the foregoing in the circumstances. 
 7.3.3 Early Termination
of Awards. Any Award, the vesting of which has been accelerated to the extent required in the circumstances as contemplated by Section 7.3.2 (or would have been so accelerated but for Section 7.3.4 or 7.3.6), shall terminate upon the
related Change in Control Event, subject to any provision that has been expressly made by the Administrator, through a plan of reorganization or otherwise, for the survival, substitution, assumption, exchange or other continuation or settlement of
such Award and provided that, in the case of Options that will not survive or be substituted for, assumed, exchanged, or otherwise continued or settled in the Change in Control Event, the holder of such Award shall be given reasonable advance notice
of the impending termination and a reasonable opportunity to exercise his or her outstanding Options in accordance with their terms before the termination of such Awards (except that in no case shall more than ten days’ notice of accelerated
vesting and the impending termination be required and any acceleration may be made contingent upon the actual occurrence of the event). For purposes of this Section 7.3, an Award shall be deemed to have been “assumed” if (without
limiting other circumstances in which an Award is assumed) the Award continues after the Change in Control Event, and/or is assumed and continued by a Parent (as such term is defined in the definition of Change in Control Event) following a Change
in Control Event, and confers the right to purchase or receive, as applicable and subject to vesting and the other terms and conditions of the Award, for each Ordinary Share subject to the Award immediately prior to the Change in Control Event, the
consideration (whether cash, shares, or other securities or property) received in the Change in Control Event by the shareholders of Company for each Ordinary Share sold or exchanged in such transaction (or the consideration received by a majority
of the shareholders participating in such transaction if the shareholders were offered a choice of consideration); provided, however, that if the consideration offered for a Ordinary Share in the transaction is not solely the ordinary or common
shares of a successor Company or a Parent, the Board may provide for the consideration to be received upon exercise or payment of the Award, for each share subject to the Award, to be solely ordinary or common shares (as applicable) of the successor
Company or a Parent equal in Fair Market Value to the per share consideration received by the shareholders participating in the Change in Control Event. 

  

					
		 	- 17 -	 	Share Incentive Plan

 7.3.4 Other Acceleration Rules. Any acceleration of Awards pursuant to this
Section 7.3 shall comply with applicable legal requirements and, if necessary to accomplish the purposes of the acceleration or if the circumstances require, may be deemed by the Administrator to occur a limited period of time not greater than
30 days before the event that triggered such acceleration. Without limiting the generality of the foregoing, the Administrator may deem an acceleration to occur immediately prior to the applicable event and/or reinstate the original terms of an
Award if an event giving rise to an acceleration does not occur. The Administrator may override the provisions of this Section 7.3 as to any Award by express provision in the applicable Award Agreement and may accord any Participant a right to
refuse any acceleration, whether pursuant to the Award Agreement or otherwise, in such circumstances as the Administrator may approve. The portion of any Incentive Stock Option accelerated in connection with a Change in Control Event or any other
action permitted hereunder shall remain exercisable as an Incentive Stock Option only to the extent the applicable US$100,000 limitation on Incentive Stock Options is not exceeded. To the extent exceeded, the accelerated portion of the Option shall
be exercisable as a Nonqualified Option. 
 7.3.5 Possible Rescission of Acceleration. If the vesting of an Award has been
accelerated expressly in anticipation of an event or upon shareholder approval of an event and the Administrator later determines that the event will not occur, the Administrator may rescind the effect of the acceleration as to any then outstanding
and unexercised or otherwise unvested Awards. 
 7.3.6 Golden Parachute Limitation. Notwithstanding anything else contained in
this Section 7.3 to the contrary, in no event shall an Award be accelerated under this Section 7.3 to an extent or in a manner which would not be fully deductible by the Company or one of its Affiliates for federal income tax purposes
because of Section 280G of the Code, nor shall any payment hereunder be accelerated to the extent any portion of such accelerated payment would not be deductible by the Company or one of its Affiliates because of Section 280G of the Code.
If a holder of an Award would be entitled to benefits or payments hereunder and under any other plan or program that would constitute “parachute payments” as defined in Section 280G of the Code, then the holder may by written notice
to the Company designate the order in which such parachute payments will be reduced or modified so that the Company or one of its Affiliates is not denied federal income tax deductions for any “parachute payments” because of
Section 280G of the Code. Notwithstanding the foregoing, if a Participant is a party to an employment or other agreement with the Company or one of its Affiliates, or is a participant in a severance program sponsored by the Company or one of
its Affiliates that contains express provisions regarding Section 280G and/or Section 4999 of the Code (or any similar successor provision), the Section 280G and/or Section 4999 provisions of such employment or other agreement or
plan, as applicable, shall control as to any Awards held by that Participant (for example, and without limitation, a Participant may be a party to an employment agreement with the Company or one of its Affiliates that provides for a
“gross-up” as opposed to a “cut-back” in the event that the Section 280G thresholds are reached or exceeded in connection with a change in control and, in such event, the Section 280G and/or Section 4999 provisions
of such employment agreement shall control as to any Awards held by that Participant). 

  

					
		 	- 18 -	 	Share Incentive Plan

 7.4 Termination of Employment or Services. 

7.4.1 Events Not Deemed a Termination of Employment. Unless the Administrator otherwise expressly provides with respect to a
particular Award, if a Participant’s employment by or service to the Company or an Affiliate terminates but immediately thereafter the Participant continues in the employ of or service to another Affiliate or the Company, as applicable, the
Participant shall be deemed to have not had a termination of employment or service for purposes of this Plan and the Participant’s Awards. Unless the express policy of the Company or the Administrator otherwise provides, a Participant’s
employment relationship with the Company or any of its Affiliates shall not be considered terminated solely due to any sick leave, military leave, or any other leave of absence authorized by the Company or any Affiliate or the Administrator;
provided that, unless reemployment upon the expiration of such leave is guaranteed by contract or law, such leave is for a period of not more than 90 days. In the case of any Participant on an approved leave of absence, continued
vesting of the Award while on leave from the employ of or service with the Company or any of its Affiliates will be suspended until the Participant returns to service, unless the Administrator otherwise provides or applicable law otherwise requires.
In no event shall an Award be exercised after the expiration of the term of the Award set forth in the Award Agreement. 
 7.4.2
Effect of Change of Affiliate Status. For purposes of this Plan and any Award, if an entity ceases to be an Affiliate, a termination of employment or service will be deemed to have occurred with respect to each Eligible Person in respect
of such Affiliate who does not continue as an Eligible Person in respect of another Affiliate that continues as such after giving effect to the transaction or other event giving rise to the change in status. 

  

					
		 	- 19 -	 	Share Incentive Plan

 7.4.3 Administrator Discretion. Notwithstanding the provisions of Section 5.7
or 6.8, in the event of, or in anticipation of, a termination of employment or service with the Company or any of its Affiliates for any reason, the Administrator may accelerate the vesting and exercisability of all or a portion of the
Participant’s Award, and/or, subject to the provisions of Sections 5.4.2 and 7.3, extend the exercisability period of the Participant’s Option upon such terms as the Administrator determines and expressly sets forth in or by amendment to
the Award Agreement. 
 7.4.4 Termination of Consulting or Affiliate Services. If the Participant is an Eligible Person solely
by reason of clause (c) of Section 3, the Administrator shall be the sole judge of whether the Participant continues to render services to the Company or any of its Affiliates, unless a written contract or the Award Agreement otherwise
provides. If, in these circumstances, the Company or any Affiliate notifies the Participant in writing that a termination of the Participant’s services to the Company or any Affiliate has occurred for purposes of this Plan, then (unless the
contract or the Award Agreement otherwise expressly provides), the Participant’s termination of services with the Company or Affiliate for purposes of this Plan shall be the date which is 10 days after the mailing of the notice by the Company
or Affiliate or, in the case of a termination for Cause, the date of the mailing of the notice. 
 7.5 Compliance with
Laws. 
 7.5.1 General. This Plan, the granting and vesting of Awards under this Plan, and the offer, issuance and
delivery of Ordinary Shares, the acceptance of promissory notes and/or the payment of money under this Plan or under Awards are subject to compliance with all applicable federal and state laws, applicable foreign laws, rules and regulations
(including but not limited to state and federal securities laws, and federal margin requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable
in connection therewith. The person acquiring any securities under this Plan will, if requested by the Company, provide such assurances and representations to the Company as the Administrator may deem necessary or desirable to assure compliance with
all applicable legal and accounting requirements. 
 7.5.2 Compliance with Securities Laws. No Participant shall sell, pledge
or otherwise transfer Ordinary Shares acquired pursuant to an Award or any interest in such shares except in accordance with the express terms of this Plan and the applicable Award Agreement. Any attempted transfer in violation of this
Section 7.5 shall be void and of no effect. Without in any way limiting the provisions set forth above, no Participant shall make any disposition of all or any portion of Ordinary Shares acquired or to be acquired pursuant to an Award, except
in compliance with all applicable federal and state securities laws and unless and until: 
  

	 	(a)	there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; 

  

					
		 	- 20 -	 	Share Incentive Plan

	 	(b)	such disposition is made in accordance with Rule 144 under the Securities Act; or 

  

	 	(c)	such Participant notifies the Company of the proposed disposition and furnishes the Company with a statement of the circumstances surrounding the proposed disposition, and, if requested by the Company, furnishes to the
Company an opinion of counsel acceptable to the Company’s counsel, that such disposition will not require registration under the Securities Act and will be in compliance with all applicable state securities laws. 

Notwithstanding anything else herein to the contrary, neither the Company or any Affiliate has any obligation to register the
Ordinary Shares or file any registration statement under either federal or state securities laws, nor does the Company or any Affiliate make any representation concerning the likelihood of a public offering of the Ordinary Shares or any other
securities of the Company or any Affiliate. 
 7.5.3 Share Legends. All certificates evidencing Ordinary Shares issued or
delivered under this Plan shall bear the following legends and/or any other appropriate or required legends under applicable laws: 

“OWNERSHIP OF THIS CERTIFICATE, THE SHARES EVIDENCED BY THIS CERTIFICATE AND ANY INTEREST THEREIN ARE SUBJECT TO SUBSTANTIAL RESTRICTIONS
ON TRANSFER UNDER APPLICABLE LAW AND UNDER AGREEMENTS WITH THE COMPANY, INCLUDING RESTRICTIONS ON SALE, ASSIGNMENT, TRANSFER, PLEDGE OR OTHER DISPOSITION.” 

“THE SHARES ARE SUBJECT TO THE COMPANY’S RIGHT OF FIRST REFUSAL AND CALL RIGHTS TO REPURCHASE THE SHARES UNDER THE COMPANY’S
SHARE INCENTIVE PLAN AND AGREEMENTS WITH THE COMPANY THEREUNDER.” 
 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”), NOR HAVE THEY BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE. NO TRANSFER OF SUCH SECURITIES WILL BE PERMITTED UNLESS A REGISTRATION STATEMENT UNDER
THE ACT IS IN EFFECT AS TO SUCH TRANSFER, THE TRANSFER IS MADE IN ACCORDANCE WITH RULE 144 UNDER THE ACT, OR IN THE OPINION OF COUNSEL TO THE COMPANY, REGISTRATION UNDER THE ACT IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT AND
WITH APPLICABLE STATE SECURITIES LAWS.” 

  

					
		 	- 21 -	 	Share Incentive Plan

 7.5.4 Delivery of Financial Statements. The Company shall deliver annually to
Participants such financial statements of the Company as are required to satisfy applicable securities laws. 
 7.5.5 Confidential
Information. Any financial or other information relating to the Company obtained by Participants in connection with or as a result of this Plan or their Awards shall be treated as confidential. 

7.6 Tax Withholding. 

7.6.1 Tax Withholding. Upon any exercise, vesting, or payment of any Award or upon the disposition of Ordinary Shares acquired
pursuant to the exercise of an Incentive Stock Option prior to satisfaction of the holding period requirements of Section 422 of the Code, the Company or any of its Affiliates shall have the right at its option to: 

 

	 	(a)	require the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) to pay or provide for payment of at least the minimum amount of any taxes which the Company or Affiliate may
be required to withhold with respect to such Award event or payment; 

  

	 	(b)	deduct from any amount otherwise payable (in respect of an Award or otherwise) in cash to the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) the minimum amount of any
taxes which the Company or Affiliate may be required to withhold with respect to such Award event or payment; or 

  

	 	(c)	reduce the number of Ordinary Shares to be delivered by (or otherwise reacquire shares held by the Participant at least 6 months) the appropriate number of Ordinary Shares, valued at their then Fair Market Value, to
satisfy the minimum withholding obligation. 

  

					
		 	- 22 -	 	Share Incentive Plan

 In any case where a tax is required to be withheld (including taxes in the PRC
where applicable) in connection with the delivery of Ordinary Shares under this Plan (including the sale of Ordinary Shares as may be required to comply with foreign exchange rules in the PRC for Participants resident in the PRC), the Administrator
may in its sole discretion (subject to Section 7.5) grant (either at the time of the Award or thereafter) to the Participant the right to elect, pursuant to such rules and subject to such conditions as the Administrator may establish, to have
the Company reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent manner at their Fair Market Value or at the sales price in accordance with authorized procedures for
cashless exercises, necessary to satisfy the minimum applicable withholding obligation on exercise, vesting or payment. In no event shall the shares withheld exceed the minimum whole number of shares required for tax withholding under applicable
law. The Company may, with the Administrator’s approval, accept one or more promissory notes from any Eligible Person in connection with taxes required to be withheld upon the exercise, vesting or payment of any award under this Plan; provided
that any such note shall be subject to terms and conditions established by the Administrator and the requirements of applicable law. 

7.6.2 Tax Loans. If so provided in the Award Agreement or otherwise authorized by the Administrator, the Company may, to the
extent permitted by law, authorize a loan to an Eligible Person in the amount of any taxes that the Company or any of its Affiliates may be required to withhold with respect to Ordinary Shares received (or disposed of, as the case may be) pursuant
to a transaction described in Section 7.6.1. Such a loan will be for a term and at a rate of interest and pursuant to such other terms and conditions as the Company may establish, subject to compliance with applicable law. Such a loan need not
otherwise comply with the provisions of Section 5.3.3. 
 7.7 Plan and Award Amendments, Termination and
Suspension. 
 7.7.1 Board Authorization. Subject to shareholder approval required under the Memorandum and Articles of
Association of the Company, the Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in part. No Awards may be granted during any period that the Board suspends this Plan. 

7.7.2 Shareholder Approval. To the extent then required under the Memorandum and Articles of Association of the Company, required
by applicable law or any applicable listing agency or required under Sections 162, 409A, 422 or 424 of the Code to preserve the intended tax consequences of this Plan, or deemed necessary or advisable by the Board, any amendment to this Plan shall
be subject to shareholder approval. 
 7.7.3 Amendments to Awards. Without limiting any other express authority of the
Administrator under (but subject to) the express limits of this Plan, the Administrator by agreement or resolution may waive conditions of or limitations on Awards to Participants that the Administrator in the prior exercise of its discretion has
imposed, without the consent of a Participant, and (subject to the requirements of Sections 2.2 and 7.7.4) may make other changes to the terms and conditions of Awards. 

  

					
		 	- 23 -	 	Share Incentive Plan

 7.7.4 Limitations on Amendments to Plan and Awards. No amendment, suspension or
termination of this Plan or change of or affecting any outstanding Award shall, without written consent of the Participant, affect in any manner materially adverse to the Participant any rights or benefits of the Participant or obligations of the
Company under any Award granted under this Plan prior to the effective date of such change. Changes, settlements and other actions contemplated by Section 7.3 shall not be deemed to constitute changes or amendments for purposes of this
Section 7.7. 
 7.8 Privileges of Share Ownership. Except as otherwise expressly authorized by the
Administrator or this Plan or in the Award Agreement, a Participant will not be entitled to any privilege of share ownership as to any Ordinary Shares not actually delivered to and held of record by the Participant. No adjustment will be made for
dividends or other rights as a shareholder for which a record date is prior to such date of delivery. 
 7.9
Share-Based Awards in Substitution for Awards Granted by Other Company. Awards may be granted to Eligible Persons in substitution for or in connection with an assumption of employee share options, share appreciation rights,
restricted shares or other share-based awards granted by other entities to persons who are or who will become Eligible Persons in respect of the Company or one of its Affiliates, in connection with a distribution, merger, amalgamation or other
reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Company or one of its Affiliates, directly or indirectly, of all or a substantial part of the shares or assets of the employing entity. The Awards so
granted need not comply with other specific terms of this Plan, provided the Awards reflect only adjustments giving effect to the assumption or substitution consistent with the conversion applicable to the Ordinary Shares in the transaction and any
change in the issuer of the security. Any shares that are delivered and any Awards that are granted by, or become obligations of, the Company, as a result of the assumption by the Company of, or in substitution for, outstanding awards previously
granted by an acquired company (or previously granted by a predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by the Company or one of its Affiliates in connection with a business or asset
acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available for issuance under this Plan. 

7.10 Effective Date of the Plan. This Plan is effective upon the Effective Date, subject to approval by the
shareholders of the Company within twelve months after the date the Board approves this Plan. 
 7.11 Term of the
Plan. Subject to shareholder approval required under the Memorandum and Articles of Association of the Company, unless earlier terminated by the Board, this Plan will terminate at the close of business on the day before the 10th anniversary of the Effective Date. After the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional Awards may be granted under this
Plan, but previously granted Awards (and the authority of the Administrator with respect thereto, including the authority to amend such Awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and
conditions of this Plan. 

  

					
		 	- 24 -	 	Share Incentive Plan

 7.12 Governing Law/Severability. 

7.12.1 Choice of Law. This Plan, the Awards, all documents evidencing Awards and all other related documents will be governed by,
and construed in accordance with, the laws of the Hong Kong. 
 7.12.2 Severability. If it is determined that any provision of
this Plan or an Award Agreement is invalid and unenforceable, the remaining provisions of this Plan and/or the Award Agreement, as applicable, will continue in effect provided that the essential economic terms of this Plan and the Award can still be
enforced. 
 7.13 Captions. Captions and headings are given to the sections and subsections of this Plan
solely as a convenience to facilitate reference. Such headings will not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof. 

7.14 Non-Exclusivity of Plan. Nothing in this Plan will limit or be deemed to limit the authority of the
Board or the Administrator to grant awards or authorize any other compensation, with or without reference to the Ordinary Shares, under any other plan or authority. 

7.15 No Restriction on Corporate Powers. The existence of this Plan, the Award Agreements, and the Awards
granted hereunder, shall not limit, affect or restrict in any way the right or power of the Board or the shareholders of the Company to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the
Company’s or any Affiliate’s capital structure or its business; (b) any merger, amalgamation, consolidation or change in the ownership of the Company or any Affiliate; (c) any issue of bonds, debentures, capital, preferred or
prior preference shares ahead of or affecting the Company’s authorized shares or the rights thereof; (d) any dissolution or liquidation of the Company or any Affiliate; (e) any sale or transfer of all or any part of the Company or any
Affiliate’s assets or business; or (f) any other corporate act or proceeding by the Company or any Affiliate. No Participant, Beneficiary or any other person shall have any claim under any Award or Award Agreement against any member of the
Board or the Administrator, or the Company or any employees, officers or agents of the Company or any Affiliate, as a result of any such action. 

7.16 Other Company Compensation or Benefit Programs. Payments and other benefits received by a Participant
under an Award made pursuant to this Plan shall not be deemed a part of a Participant’s compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the
Company or any Affiliate, except where the Administrator or the Board expressly otherwise provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards
or commitments under any other plans or arrangements of the Company or any Affiliate.  
  

	8.	DEFINITIONS. 

 “Administrator” has the meaning given to such term
in Section 2.1. 
 “Affiliate” means, with respect to a Person, any other Person that, directly or indirectly, Controls, is
Controlled by or is under common Control with such Person, and any shareholder, member or partner of such Person. 

  

					
		 	- 25 -	 	Share Incentive Plan

 “Award” means an award of any Option or Share Award, or any combination thereof,
whether alternative or cumulative, authorized by and granted under this Plan. 
 “Award Agreement” means any writing,
approved by the Administrator, setting forth the terms of an Award that has been duly authorized and approved. An Award Agreement shall be deemed a Ordinary Shares purchase agreement under the Company’s Memorandum and Articles of Association.

 “Award Date” means the date upon which the Administrator took the action granting an Award or such later date as the
Administrator designates as the Award Date at the time of the grant of the Award. 
 “Beneficiary” means the person,
persons, trust or trusts designated by a Participant, or, in the absence of a designation, entitled by will or the laws of descent and distribution, to receive the benefits specified in the Award Agreement and under this Plan if the Participant
dies, and means the Participant’s executor or administrator if no other Beneficiary is designated and able to act under the circumstances. 

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

“Cause” with respect to a Participant means (unless otherwise expressly provided in the applicable Award Agreement, or
another applicable contract with the Participant that defines such term for purposes of determining the effect that a “for cause” termination has on the Participant’s options and/or share awards) a termination of employment or service
based upon a finding by the Company or any of its Affiliates, acting in good faith and based on its reasonable belief at the time, that the Participant: 
  

	 	(a)	has been negligent in the discharge of his or her duties to the Company or any Affiliate, has refused to perform stated or assigned duties or is incompetent in or (other than by reason of a disability or analogous
condition) incapable of performing those duties; 

  

	 	(b)	has been dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use of inside information, customer lists, trade secrets or other
confidential information; 

  

	 	(c)	has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Company or any of its Affiliates; or has been convicted of, or plead guilty or nolo contendere
to, a felony or misdemeanor (other than minor traffic violations or similar offenses); 

  

	 	(d)	has materially breached any of the provisions of any agreement with the Company or any of its Affiliates; 

  

					
		 	- 26 -	 	Share Incentive Plan

	 	(e)	has engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of, the Company or any of its Affiliates; or 

 

	 	(f)	has improperly induced a vendor or customer to break or terminate any contract with the Company or any of its Affiliates or induced a principal for whom the Company or any Affiliate acts as agent to terminate such
agency relationship. 

 A termination for Cause shall be deemed to occur (subject to reinstatement upon a contrary final
determination by the Administrator) on the date on which the Company or any Affiliate first delivers written notice to the Participant of a finding of termination for Cause or the Administrator provides such notice. 

“Change in Control Event” means any of the following: 

 

	 	(a)	Approval by shareholders of the Company (or, if no shareholder approval is required, by the Board alone) of the complete dissolution or liquidation of the Company, other than in the context of a Business Combination
that does not constitute a Change in Control Event under paragraph (c) below; 

  

	 	(b)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act (a “Person”)) of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 50% or more of either (1) the then-outstanding Ordinary Shares of the Company (the “Outstanding Company Ordinary Shares”) or (2) the combined voting power of the then-outstanding
voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this paragraph (b), the following acquisitions shall
not constitute a Change in Control Event; (A) any acquisition directly from the Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or
any Affiliate or a successor, (D) any acquisition by any entity pursuant to a Business Combination, (E) any acquisition by a Person described in and satisfying the conditions of Rule 13d-1(b) promulgated under the Exchange Act, or
(F) any acquisition by a Person who is the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of the Outstanding Company Ordinary Shares and/or the Outstanding Company Voting Securities on the
Effective Date (or an affiliate, heir, descendant, or related party of or to such Person); 

  

					
		 	- 27 -	 	Share Incentive Plan

	 	(c)	Consummation of a reorganization, amalgamation, merger, statutory share exchange or consolidation or similar corporate transaction involving the Company or any other entity a majority of whose outstanding voting shares
or voting power is beneficially owned directly or indirectly by the Company (a “Subsidiary”), a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or shares of another
entity by the Company or any of its Subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were the beneficial
owners of the Outstanding Company Ordinary Shares and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding ordinary or common shares
and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity
that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets directly or through one or more subsidiaries (a “Parent”)), and (2) no Person (excluding any individual or entity
described in clauses (C), (E) or (F) of paragraph (b) above) beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, more than 50% of, respectively, the then-outstanding
ordinary or common shares of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that the ownership in excess of 50% existed prior to the
Business Combination. 

 “Code” means the Internal Revenue Code of 1986 of the United States, as amended from
time to time. 
 “Company” means Momo Technology Company Limited, an exempted company organized under the BVI Business
Companies Act (2004) of the British Virgin Islands, and its successors. 
 “Control” means the power or authority,
whether exercised or not, to direct the business, management and policies of a Person, directly or indirectly, or by effective control whether through the ownership of voting securities, by contract or otherwise, which power or authority shall
conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than 50% of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of
the board of directors of such Person; the terms “Controlled” and “Controlling” have the meaning correlative to the foregoing. 

“Early Exercise Option” shall mean an Option eligible for exercise prior to vesting in accordance with the provisions of
Section 5.9 of this Plan. An Early Exercise Option may be a Nonqualified Option or an Incentive Stock Option, as designated by the Administrator in the applicable Award Agreement. 

“Effective Date” means the date shareholders of the Company approved this Plan pursuant to the Memorandum and Articles of
Association of the Company. 
 “Eligible Person” has the meaning given to such term in Section 3 of this Plan. 

“Exchange Act” means the Securities Exchange Act of 1934 of the United States, as amended from time to time. 

  

					
		 	- 28 -	 	Share Incentive Plan

 “Fair Market Value,” for purposes of this Plan and unless otherwise determined
or provided by the Administrator in the circumstances, means as follows: 
  

	 	(a)	If the Ordinary Shares are listed or admitted to trade on the New York Stock Exchange or other national securities exchange (the “Exchange”), the Fair Market Value shall equal the closing price of a
Ordinary Share as reported on the composite tape for securities on the Exchange for the date in question, or, if no sales of Ordinary Shares were made on the Exchange on that date, the closing price of a Ordinary Share as reported on said composite
tape for the next preceding day on which sales of Ordinary Shares were made on the Exchange. The Administrator may, however, provide with respect to one or more Awards that the Fair Market Value shall equal the last closing price of a Ordinary Share
as reported on the composite tape for securities listed on the Exchange available on the date in question or the average of the high and low trading prices of a Ordinary Share as reported on the composite tape for securities listed on the Exchange
for the date in question or the most recent trading day. 

  

	 	(b)	If the Ordinary Shares are not listed or admitted to trade on a national securities exchange, the Fair Market Value shall equal the last price of a Ordinary Share as furnished by the National Association of Securities
Dealers, Inc. (the “NASD”) through the NASDAQ Global Market Reporting System (the “Global Market”) for the date in question, or, if no sales of Ordinary Shares were reported by the NASD through the Global Market on
that date, the last price of a Ordinary Share as furnished by the NASD through the Global Market for the next preceding day on which sales of Ordinary Shares were reported by the NASD. The Administrator may, however, provide with respect to one or
more Awards that the Fair Market Value shall equal the last closing price of a Ordinary Share as furnished by the NASD through the Global Market available on the date in question or the average of the high and low trading prices of a Ordinary Share
as furnished by the NASD through the Global Market for the date in question or the most recent trading day. 

  

	 	(c)	If the Ordinary Shares are not listed or admitted to trade on a national securities exchange and is not reported on the Global Market Reporting System, the Fair Market Value shall equal the mean between the bid and
asked price for a Ordinary Share on such date, as furnished by the NASD or a similar organization. 

  

	 	(d)	If the Ordinary Shares are not listed or admitted to trade on a national securities exchange, are not reported on the Global Market Reporting System and if bid and asked prices for the shares are not furnished by the
NASD or a similar organization, the Fair Market Value shall be the value as reasonably determined by the Administrator for purposes of the Award in the circumstances, consistent with applicable law. 

The Administrator also may adopt a different methodology for determining Fair Market Value with respect to one or more Awards if a different
methodology is necessary or advisable to secure any intended favorable tax, legal or other treatment for the particular Award(s) (for example, and without limitation, the Administrator may provide that Fair Market Value for purposes of one or more
Awards will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the relevant date). 

  

					
		 	- 29 -	 	Share Incentive Plan

 Any determination as to Fair Market Value made pursuant to this Plan shall be determined without
regard to any restriction other than a restriction which, by its terms, will never lapse, and shall be conclusive and binding on all persons with respect to Awards granted under this Plan. 

“Incentive Stock Option” means an Option that is designated and intended as an “incentive stock option” within the
meaning of Section 422 of the Code, the award of which contains such provisions (including but not limited to the receipt of shareholder approval of this Plan, if the award is made prior to such approval) and is made under such circumstances
and to such persons as may be necessary to comply with that section. 
 “Memorandum and Articles of Association of the
Company” means the Fourth Amended and Restated Memorandum and Articles of Association of the Company, as amended from time to time. 

“Nonqualified Option” means an Option that is not an “incentive stock option” within the meaning of
Section 422 of the Code and includes any Option designated or intended as a Nonqualified Option and any Option designated or intended as an Incentive Stock Option that fails to meet the applicable legal requirements thereof. 

“Option” means an option to purchase Ordinary Shares granted under Section 5 of this Plan. The Administrator will
designate any Option granted to an employee of the Company or an Affiliate as a Nonqualified Option or an Incentive Stock Option and may also designate any Option as an Early Exercise Option. 

“Ordinary Shares” means the Company’s Ordinary Shares, par value US$0.0001 per share, and such other securities or
property as may become the subject of Awards, or become subject to Awards, pursuant to an adjustment made under Section 7.3.1 of this Plan. 

“Participant” means an Eligible Person who has been granted and holds an Award under this Plan. 

“Person” means any individual, sole proprietorship, partnership, limited partnership, limited liability company, firm, joint
venture, estate, trust, unincorporated organization, association, corporation, institution, public benefit corporation, entity or governmental or regulatory authority or other enterprise or entity of any kind or nature. 

“Personal Representative” means the person or persons who, upon the disability or incompetence of a Participant, has acquired
on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan by virtue of having become the legal representative of the Participant. 

“Plan” means this Momo Technology Company Limited Amended and Restated Share Incentive Plan, as it may hereafter be amended
from time to time. 

  

					
		 	- 30 -	 	Share Incentive Plan

 “Public Offering Date” means the date the Ordinary Shares are first registered
under the Exchange Act and listed or quoted on a recognized securities exchange. 
 “Repurchase Price” means, (i) in
the event of the repurchase of Restricted Shares, the lesser of (a) the price paid by the Participant to acquire such Restricted Shares or (b) the Fair Market Value of such Restricted Shares determined as of the exercise date of the
Call Right, or (ii) in the event of the repurchase of shares other than Restricted Shares, the Fair Market Value of such shares determined as of the exercise date of the Call Right. 

“Restricted Shares” means Ordinary Shares awarded to a Participant under this Plan, subject to payment of such consideration
and such conditions on vesting (which may include, among others, the passage of time, specified performance objectives or other factors) and such transfer and other restrictions as are established in or pursuant to this Plan and the related Award
Agreement, to the extent such remain unvested and restricted under the terms of the applicable Award Agreement. 
 “Restricted Share
Award” means an award of Restricted Shares. 
 “Securities Act” means the Securities Act of 1933 of the United
States, as amended from time to time. 
 “Severance Date” with respect to a particular Participant means, unless otherwise
provided in the applicable Award Agreement: 
  

	 	(a)	if the Participant is an Eligible Person under clause (a) of Section 3 and the Participant’s employment by the Company or any of its Affiliates terminates (regardless of the reason), the last day that the
Participant is actually employed by the Company or such Affiliate (unless, immediately following such termination of employment, the Participant is a member of the Board or, by express written agreement with the Company or any of its Affiliates,
continues to provide other services to the Company or any Affiliate as an Eligible Person under clause (c) of Section 3, in which case the Participant’s Severance Date shall not be the date of such termination of employment but shall
be determined in accordance with clause (b) or (c) below, as applicable, in connection with the termination of the Participant’s other services); 

  

	 	(b)	if the Participant is not an Eligible Person under clause (a) of Section 3 but is an Eligible Person under clause (b) thereof, and the Participant ceases to be a member of the Board (regardless of the
reason), the last day that the Participant is actually a member of the Board (unless, immediately following such termination, the Participant is an employee of the Company or any of its Affiliates or, by express written agreement with the Company or
any of its Affiliates, continues to provide other services to the Company or any Affiliate as an Eligible Person under clause (c) of Section 3, in which case the Participant’s Severance Date shall not be the date of such termination
but shall be determined in accordance with clause (a) above or (c) below, as applicable, in connection with the termination of the Participant’s employment or other services); 

  

					
		 	- 31 -	 	Share Incentive Plan

	 	(c)	if the Participant is not an Eligible Person under clause (a) or clause (b) of Section 3 but is an Eligible Person under clause (c) thereof, and the Participant ceases to provide services to the
Company or any of its Affiliates as determined in accordance with Section 7.4.4 (regardless of the reason), the last day that the Participant actually provides services to the Company or such Affiliate as an Eligible Person under clause
(c) of Section 3 (unless, immediately following such termination, the Participant is an employee of the Company or any of its Affiliates or is a member of the Board, in which case the Participant’s Severance Date shall not be the date
of such termination of services but shall be determined in accordance with clause (a) or (b) above, as applicable, in connection with the termination of the Participant’s employment or membership on the Board). 

“Share Award” means an award of Ordinary Shares under Section 6 of this Plan. A Share Award may be a Restricted Share
Award or an award of unrestricted Ordinary Shares. 
 “Total Disability” means a “total and permanent disability”
within the meaning of Section 22(e)(3) of the Code and, with respect to Awards other than Incentive Stock Options, such other disabilities, infirmities, afflictions, or conditions as the Administrator may include. 

  

					
		 	- 32 -	 	Share Incentive Plan

 MOMO TECHNOLOGY COMPANY LIMITED SHARE INCENTIVE PLAN 

									
			
	1.	 	PURPOSE OF THE PLAN	  	1
			
	2.	 	ADMINISTRATION	  	1
				
		 	2.1	  	Administrator	  	1
				
		 	2.2	  	Plan Awards; Interpretation; Powers of Administrator	  	2
				
		 	2.3	  	Binding Determinations	  	3
				
		 	2.4	  	Reliance on Experts	  	3
				
		 	2.5	  	Delegation	  	3
			
	3.	 	ELIGIBILITY	  	3
			
	4.	 	SHARES SUBJECT TO THE PLAN	  	4
				
		 	4.1	  	Shares Available	  	4
				
		 	4.2	  	Share Limits	  	4
				
		 	4.3	  	Replenishment and Reissue of Unvested Awards	  	4
				
		 	4.4	  	Reservation of Shares	  	5
			
	5.	 	OPTION GRANT PROGRAM	  	5
				
		 	5.1	  	Option Grants in General	  	5
				
		 	5.2	  	Types of Options	  	5
				
		 	5.3	  	Option Price	  	5
					
		 		  	5.3.1	  	Pricing Limits	  	5
					
		 		  	5.3.2	  	Payment Provisions	  	6
					
		 		  	5.3.3	  	Acceptance of Notes to Finance Exercise	  	7
				
		 	5.4	  	Vesting; Term; Exercise Procedure	  	8
					
		 		  	5.4.1	  	Vesting	  	8
					
		 		  	5.4.2	  	Term	  	8
					
		 		  	5.4.3	  	Exercise Procedure	  	8
					
		 		  	5.4.4	  	Voting Rights	  	8
					
		 		  	5.4.5	  	Fractional Shares/Minimum Issue	  	8
				
		 	5.5	  	Limitations on Grant and Terms of Incentive Stock Options	  	9
					
		 		  	5.5.1	  	US$100,000 Limit	  	9
					
		 		  	5.5.2	  	Other Code Limits	  	9
					
		 		  	5.5.3	  	ISO Notice of Sale Requirement	  	9
				
		 	5.6	  	Limits on 10% Holders	  	9
				
		 	5.7	  	Effects of Termination of Employment on Options	  	10
					
		 		  	5.7.1	  	Dismissal for Cause    	  	10

  
 1 

									
					
	 	 	 	  	5.7.2	  	Death or Disability	  	10
					
		 		  	5.7.3	  	Other Terminations of Employment	  	10
				
		 	5.8	  	Option Repricing/Cancellation and Regrant/Waiver of Restrictions	  	11
				
		 	5.9	  	Early Exercise Options	  	11
			
	6.	 	SHARE AWARD PROGRAM	  	11
				
		 	6.1	  	Share Awards in General	  	11
				
		 	6.2	  	Types of Share Awards	  	11
				
		 	6.3	  	Purchase Price	  	12
					
		 		  	6.3.1	  	Pricing Limits	  	12
					
		 		  	6.3.2	  	Payment Provisions	  	12
				
		 	6.4	  	Vesting	  	12
				
		 	6.5	  	Term	  	12
				
		 	6.6	  	Share Certificates; Fractional Shares	  	12
				
		 	6.7	  	Dividend and Voting Rights	  	12
				
		 	6.8	  	Termination of Employment; Return to the Company	  	13
				
		 	6.9	  	Waiver of Restrictions	  	13
			
	7.	 	PROVISIONS APPLICABLE TO ALL AWARDS	  	13
				
		 	7.1	  	Rights of Eligible Persons, Participants and Beneficiaries	  	13
					
		 		  	7.1.1	  	Employment Status	  	13
					
		 		  	7.1.2	  	No Employment/Service Contract	  	13
					
		 		  	7.1.3	  	Plan Not Funded	  	13
					
		 		  	7.1.4	  	Charter Documents	  	14
				
		 	7.2	  	No Transferability; Limited Exception to Transfer Restrictions	  	14
					
		 		  	7.2.1	  	Limit On Exercise and Transfer	  	14
					
		 		  	7.2.2	  	Further Exceptions to Limits On Transfer	  	14
					
		 		  	7.2.3	  	Company’s Call Right	  	15
				
		 	7.3	  	Adjustments; Changes in Control	  	15
					
		 		  	7.3.1	  	Adjustments	  	15
					
		 		  	7.3.2	  	Consequences of a Change in Control Event	  	17
					
		 		  	7.3.3	  	Early Termination of Awards	  	17
					
		 		  	7.3.4	  	Other Acceleration Rules	  	18
					
		 		  	7.3.5	  	Possible Rescission of Acceleration	  	18
					
		 		  	7.3.6	  	Golden Parachute Limitation    	  	18

  
 2 

									
				
	 	 	7.4	  	Termination of Employment or Services	  	19
					
		 		  	7.4.1	  	Events Not Deemed a Termination of Employment	  	19
					
		 		  	7.4.2	  	Effect of Change of Affiliate Status	  	19
					
		 		  	7.4.3	  	Administrator Discretion	  	20
					
		 		  	7.4.4	  	Termination of Consulting or Affiliate Services	  	20
				
		 	7.5	  	Compliance with Laws	  	20
					
		 		  	7.5.1	  	General	  	20
					
		 		  	7.5.2	  	Compliance with Securities Laws	  	20
					
		 		  	7.5.3	  	Share Legends	  	21
					
		 		  	7.5.4	  	Delivery of Financial Statements	  	22
					
		 		  	7.5.5	  	Confidential Information	  	22
				
		 	7.6	  	Tax Withholding	  	22
					
		 		  	7.6.1	  	Tax Withholding	  	22
					
		 		  	7.6.2	  	Tax Loans	  	23
				
		 	7.7	  	Plan and Award Amendments, Termination and Suspension	  	23
					
		 		  	7.7.1	  	Board Authorization	  	23
					
		 		  	7.7.2	  	Shareholder Approval	  	23
					
		 		  	7.7.3	  	Amendments to Awards	  	23
					
		 		  	7.7.4	  	Limitations on Amendments to Plan and Awards	  	24
				
		 	7.8	  	Privileges of Share Ownership	  	24
				
		 	7.9	  	Shares-Based Awards in Substitution for Awards Granted by Other Company	  	24
				
		 	7.10	  	Effective Date of the Plan	  	24
				
		 	7.11	  	Term of the Plan	  	24
				
		 	7.12	  	Governing Law/Severability	  	25
					
		 		  	7.12.1	  	Choice of Law	  	25
					
		 		  	7.12.2	  	Severability	  	25
				
		 	7.13	  	Captions	  	25
				
		 	7.14	  	Non-Exclusivity of Plan	  	25
				
		 	7.15	  	No Restriction on Corporate Powers	  	25
				
		 	7.16	  	Other Company Compensation or Benefit Programs	  	25
			
	8.	 	DEFINITIONS	  	25

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]