Document:

EX-10.7

 Exhibit 10.7 

SHARE PLEDGE AGREEMENT 
 This Share Pledge
Agreement (this “Agreement”) has been executed by and between the following parties on February 22, 2019 in Guangzhou, PRC: 
 Pledgee: EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Address: No. 31 Room 401, No. 680 Guangxin Road, Huangpu District, Guangzhou, PRC; 

Pledgor: Huazhi Hu 
 PRC ID No.:****** 

Address: ******, Guangzhou, PRC. 
 Whereas: 

 

	1.	 Pledgors are natural persons with the nationality of the People’s Republic of China (hereinafter referred
to as “China” or “PRC”), and hold registered capital of CNY 57,000,000 in Guangzhou EHang Intelligent Technology Co., Ltd. (hereinafter referred to as “Intelligent Technology”) in record, representing 95% equity of the
Intelligent Technology. Guangzhou EHang Intelligent Technology Co., Ltd. is a limited liability company registered in Guangzhou, PRC which engages in the research and development, manufacture, operation and sale of unmanned aerial vehicle.

  

	2.	 Pledgee is a wholly foreign-owned enterprise registered in Guangzhou PRC which engages in the consulting
services of aviation technologies. 

  

	3.	 Pledgee and Intelligent Technology held by the Pledgor entered into Exclusive Technical Consulting and Services
Agreement (“Services Agreement”), Exclusive Service Agreement (“Exclusive Services Agreement”) on January 29, 2016; Pledgee, Pledgor and Intelligent Technology entered into Shareholders Voting Proxy Agreement (“Voting
Agreement”) and Exclusive Option Agreement (“Option Agreement”) on January 29, 2016; and Pledgee and Pledgor entered into Share Pledge Agreement on January 29, 2016 (“Original Share Pledge Agreement”).

  

	4.	 To the extent permitted by applicable laws, the Pledgor is willing to pledge the all their Equity Interest to
the Pledgee as a first priority security for the performance of Contractual Obligations and repayment of the Secured Indebtedness, and Intelligent Technology agreed such Pledge. 

The Parties have mutually agreed to execute this Agreement upon the following terms. 

 

	1.	 DEFINITIONS 

Unless otherwise provided herein, the terms below shall have the following meanings: 

 

	1.1	 Pledge: shall refer to the security interest granted by Pledgor to Pledgee pursuant to Section 2 of this
Agreement. 

  

	1.2	 Equity Interest: shall refer to all of the equity interest lawfully now held by the Pledgor in Intelligent
Technology (i.e. registered capital of CNY 57,000,000, representing 95% equity of the Intelligent Technology). 

  

	1.3	 Contractual Obligations: refers to all obligations of the Pledgor under Voting Agreement, Call Option Agreement
and their amendments, all obligations of Intelligent Technology under Voting Agreement, Services Agreement, Exclusive Services Agreement and their amendment; and all obligations of Pledgors and Intelligent Technology under this Agreement.

	1.4	 Secured Indebtedness: refers to all direct, indirect, derivative and foreseeable losses incurred by the Events
of Default (see below) of Pledgors and/or Intelligent Technology, the amount of which is including without limitation the reasonable business plan and profit forecast and fees for the enforcement by Pledgee of obligations of Pledgor and /or
Intelligent Technology under this Agreement. 

  

	1.5	 Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement. 

 

	1.6	 Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

  

	1.7	 Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an
Event of Default. 

  

	2.	 THE PLEDGE 

  

	2.1	 Each of the Pledgors hereby pledges to Pledgee all of Equity Interest of Intelligent Technology held by such
Pledgor. The right of Pledge refers that the Pledgee shall have a priority right over the proceeds of the Equity Interest pledged by such Pledgor in satisfaction of its rights from discount, auction or sale. 

 

	3.	 TERM OF PLEDGE 

  

	3.1	 The Term of the Pledge 

This Agreement shall take effect as of the date when this Agreement is duly signed or chopped by all the parties; the effectiveness and execution of this
Agreement will not be affected by the pledge registration specified under this Agreement. This Agreement shall in full force and effective until the Intelligent Technology and Pledgee’s satisfaction of all Contractual Obligations and settlement
of all Secured Indebtedness (the “Term of Pledge”). Upon Pledgee’s request, Intelligent Technology shall extend its operation period to sustain the effectiveness of this Agreement. 

 

	4.	 CUSTODY OF RECORDS FOR EQUITY INTEREST SUBJECT TO PLEDGE 

 

	4.1	 During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s custody the
shareholders’ register containing the Pledge within one week from the execution of this Agreement. Pledgee shall have custody of such items during the entire Term of Pledge set forth in this Agreement. 

 

	4.2	 Pledgee shall have the right to collect dividends generated by the Equity Interest during the Term of Pledge.

  

	5.	 REPRESENTATIONS AND WARRANTIES OF PLEDGOR 

 

	5.1	 Pledgor is the legal owner of the Equity Interest. 

 

	5.2	 In any event that the Pledgee exercise its right under this Agreement, no interference shall be made by any
other parties. 

  

	5.3	 Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions
set forth in this Agreement. 

  

	5.4	 Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity
Interest. 

	6.	 COVENANTS OF PLEDGOR 

 

	6.1	 Pledgor hereby covenants to the Pledgee, that during the term of this Agreement, Pledgor shall:

  

	 	6.1.1	 not transfer the Equity Interest, place or permit the existence of any security interest or other encumbrance
on the Equity Interest, without the prior written consent of Pledgee; 

  

	 	6.1.2	 comply with the provisions of all laws and regulations applicable to the pledge of rights, and within five
(5) days of receipt of any notice, order or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall comply with the
aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon Pledgee’s reasonable request or upon consent of Pledgee; 

 

	 	6.1.3	 promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on Pledgee’s
rights to the Equity Interest or any portion thereof, as well as any event or notice received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement. 

 

	6.2	 Pledgor agrees that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge
shall not be interrupted or harmed by Pledgor or any heirs or representatives of Pledgor or any other persons through any legal proceedings. 

  

	6.3	 To protect or perfect the security interest granted by this Agreement for payment of the consulting and service
fees under the Control Agreements, Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also
undertakes to perform and to cause other parties who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all
relevant documents regarding ownership of Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgor undertakes to provide Pledgee within a reasonable time with all notices, orders and decisions regarding the
Pledge that are required by Pledgee. 

  

	6.4	 Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations and
conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises, agreements, representations and conditions, Pledgor shall indemnify Pledgee for all losses resulting therefrom. 

 

	7.	 EVENT OF BREACH 

  

	7.1	 The following circumstances shall be deemed Event of Default: 

 

	 	7.1.1	 A Pledgor makes any materially false or misleading representations or warranties under Section 5 herein,
or breaches any warranties under Section 5 herein; 

  

	 	7.1.2	 A Pledgor breaches the covenants under Section 6 herein; 

 

	 	7.1.3	 A Pledgor breaches any terms and conditions of this Agreement; 

 

	 	7.1.4	 Except otherwise stipulated under Section 6.1.1, Pledgor transfers or purports to transfer or abandons the
Equity Interest pledged or assigns the Equity Interest pledged without the written consent of Pledgee; 

	 	7.1.5	 Any loan, guarantee, compensation, commitment or other liabilities which (i) have been requested for the
repayment or performance due to the breach of the contract; or (ii) are unable to be repaid or performed on due date, so as to cause the Pledgee to believe that such Pledgor’s ability to perform the obligations herein is adversely
affected; 

  

	 	7.1.6	 The Pledgor is incapable of repaying debt in general; 

 

	 	7.1.7	 The enactment of laws and regulation cause the illegality of this Agreement or failure of the continue
performance by the Pledgor of the obligation under this Agreement; 

  

	 	7.1.8	 Any consent, permit, approval or authorization for the legality, enforcement or validity of this Agreement from
governmental authorities is revoked, suspended, void or substantially changed. 

  

	 	7.1.9	 The occurrence of any adverse change to the assets or property of the Pledgor, which in Pledgee’s
determination, may impact the ability of the Pledgor to perform its obligations hereunder; 

  

	 	7.1.10	 The occurrence of any other circumstances under which the Pledgee is not or may not able to exercise its rights
hereunder in accordance with the applicable law. 

  

	7.2	 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned
circumstances described in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly. 

  

	7.3	 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s
satisfaction after the Pledgee delivers a notice to the Pledgor requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding to immediately dispose of the Pledge in
accordance with the provisions of Section 8 of this Agreement. 

  

	8.	 EXERCISE OF PLEDGE 

  

	8.1	 Prior to the full payment of the consulting and service fees described in the Control Agreements, without the
Pledgee’s written consent, Pledgor shall not assign the Equity Interest in Intelligent Technology. 

  

	8.2	 Pledgee may issue a written notice to Pledgor when exercising the Pledge. 

 

	8.3	 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time
after the issuance of the Notice of Default in accordance with Section 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest. 

 

	8.4	 In the event of default, Pledgee is entitled to dispose of the Equity Interest in accordance with applicable
PRC laws. Only to the extent permitted under applicable PRC laws, Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from
Pledgee. 

  

	8.5	 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Intelligent Technology shall
provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement. 

	9.	 ASSIGNMENT 

  

	9.1	 Without Pledgee’s prior written consent, Pledgor shall not have the right to assign or delegate its rights
and obligations under this Agreement. 

  

	9.2	 This Agreement shall be binding on Pledgor and its successors and permitted assigns, and shall be valid with
respect to Pledgee and each of its successors and assigns. 

  

	9.3	 At any time, Pledgee may assign any and all of its rights and obligations under the Control Agreements to its
designee(s) (natural/legal persons), in which case the assigns shall have the rights and obligations of Pledgee under this Agreement, as if it were the original party to this Agreement. When the Pledgee assigns the rights and obligations under the
Control Agreements, upon Pledgee’s request, Pledgor shall execute relevant agreements or other documents relating to such assignment. 

  

	9.4	 In the event of a change in Pledgee due to an assignment, Pledgor shall, at the request of Pledgee, execute a
new pledge agreement with the new pledgee on the same terms and conditions as this Agreement. 

  

	10.	 TERMINATION 

Upon the full payment of the consulting and service fees under the Services Agreements and upon termination of Intelligent Technology’s
obligations under the Services Agreements, this Agreement shall be terminated, and Pledgee shall then terminate the equity pledge under this Agreement as soon as reasonably practicable. 

 

	11.	 HANDLING FEES AND OTHER EXPENSES 

 

	11.1	 All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs
of production, stamp tax and any other taxes and fees, shall be borne by Pledgor. If the Pledgee pay such taxes and fees according to applicable laws, the Pledgor shall reimburse such paid taxes and fees. 

 

	11.2	 The Pledgors shall be responsible for all expenses (including, but not limited to, any taxes, application fees,
management fees, litigation costs, attorney’s fees, and various insurance premiums in connection with the disposition of the Pledge) incurred by the Pledgee in its recourse to collect from the Pledgors arising from the Pledgors’ failure to
pay any relevant taxes and fees. 

  

	12.	 Force Majeure 

 

	12.1	 In the event that the affected party is delayed in or prevented from performing its obligations under this
Agreement by Force Majeure, only to the extent within the scope of such delay or prevention, the affected party will not be responsible for any damage by reason of such a failure or delay of performance. Force Majeure shall
refer to any event that is beyond the party’s reasonable control and cannot be prevented with reasonable care, including acts of governments, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning or war. However, any
shortage of credit, capital or finance shall not be regarded as an event beyond the control of a party. The party affected by Force Majeure shall notify the other party about the release without delay. 

	12.2	 Although the affected party will not be responsible for any damage by reason of such a failure or delay of
performance caused by Force Majeure, the affected party shall be exempted from such liabilities when it uses its reasonable efforts to minimize or remove the effects of Force Majeure and attempt to resume performance of the obligations
delayed or prevented by the event of Force Majeure. After the event of Force Majeure is removed, both parties agree to use their best efforts to resume performance of this Agreement. 

 

	13.	 GOVERNING LAW AND RESOLUTION OF DISPUTES 

 

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

  

	13.2	 In the event of any dispute with respect to the construction and performance of this Agreement, the Parties
shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute, either Party may submit the relevant dispute to the Guangzhou Arbitration Commission for arbitration, in accordance
with its arbitration rules. The arbitration shall be conducted in Guangzhou, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties. 

 

	14.	 NOTICES 

  

	14.1	 Any notice given by the parties hereto for the purpose of performing the rights and obligations hereunder shall
be in writing. If such notice is delivered by messenger, the time of receipt is the time when such notice is received by the addressee; if such notice is transmitted by facsimile, the time of receipt is the time when such notice is transmitted. If
the notice does not reach the addressee by the end of the business day, the following business day shall be the date of receipt. The place of delivery is the Party’s address as set forth in the signature pages hereto or the address advised in
writing including via facsimile. 

  

	15.	 ATTACHMENTS 

The attachments set forth herein shall be an integral part of this Agreement. 

 

	16.	 EFFECTIVENESS 

  

	16.1	 This Agreement is the amendment to Original Pledge Agreement. If there any conflict between Original Pledge
Agreement and this Agreement, this Agreement shall prevail. Any amendments, changes and supplements to this Agreement shall be in writing and shall become effective after the affixation of the signatures or seals of the Parties.

  

	16.2	 This Agreement is written in Chinese in two originals. 

 [Signature Page] 

Pledgee: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Authorized Representative: /s/ Huazhi Hu 
 /s/ Seal of EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Pledgor: Huazhi Hu 

Signature: /s/ Huazhi Hu 

 SHARE PLEDGE AGREEMENT 

This Share Pledge Agreement (this “Agreement”) has been executed by and between the following parties on February 22, 2019 in Guangzhou, PRC:

 Pledgee: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Address: No. 31 Room 401, No. 680 Guangxin Road, Huangpu District, Guangzhou, PRC; 

Pledgor: Yifang Xiong 
 PRC ID No.:****** 

Address: ******, PRC 
 Whereas: 

 

	1.	 Pledgors are natural persons with the nationality of the People’s Republic of China (hereinafter referred
to as “China” or “PRC”), and hold registered capital of CNY 3,000,000 in Guangzhou EHang Intelligent Technology Co., Ltd. (hereinafter referred to as “Intelligent Technology”) in record, representing 5% equity of the
Intelligent Technology. Guangzhou EHang Intelligent Technology Co., Ltd. is a limited liability company registered in Guangzhou, PRC which engages in the research and development, manufacture, operation and sale of unmanned aerial vehicle.

  

	2.	 Pledgee is a wholly foreign-owned enterprise registered in Guangzhou PRC which engages in the consulting
services of aviation technologies. 

  

	3.	 Pledgee and Intelligent Technology held by the Pledgor entered into Exclusive Technical Consulting and Services
Agreement (“Services Agreement”), Exclusive Service Agreement (“Exclusive Services Agreement”) on January 29, 2016; Pledgee, Pledgor and Intelligent Technology entered into Shareholders Voting Proxy Agreement (“Voting
Agreement”) and Exclusive Option Agreement (“Option Agreement”) on January 29, 2016; and Pledgee and Pledgor entered into Share Pledge Agreement on January 29, 2016 (“Original Share Pledge Agreement”).

  

	4.	 To the extent permitted by applicable laws, the Pledgor is willing to pledge the all their Equity Interest to
the Pledgee as a first priority security for the performance of Contractual Obligations and repayment of the Secured Indebtedness, and Intelligent Technology agreed such Pledge. 

The Parties have mutually agreed to execute this Agreement upon the following terms. 

 

	1.	 DEFINITIONS 

Unless otherwise provided herein, the terms below shall have the following meanings: 
  

	1.1	 Pledge: shall refer to the security interest granted by Pledgor to Pledgee pursuant to Section 2 of this
Agreement. 

  

	1.2	 Equity Interest: shall refer to all of the equity interest lawfully now held by the Pledgor in Intelligent
Technology (i.e. registered capital of CNY 3,000,000, representing 5% equity of the Intelligent Technology). 

  

	1.3	 Contractual Obligations: refers to all obligations of the Pledgor under Voting Agreement, Call Option Agreement
and their amendments, all obligations of Intelligent Technology under Voting Agreement, Services Agreement, Exclusive Services Agreement and their amendment; and all obligations of Pledgors and Intelligent Technology under this Agreement.

  

	1.4	 Secured Indebtedness: refers to all direct, indirect, derivative and foreseeable losses incurred by the Events
of Default (see below) of Pledgors and/or Intelligent Technology, the amount of which is including without limitation the reasonable business plan and profit forecast and fees for the enforcement by Pledgee of obligations of Pledgor and /or
Intelligent Technology under this Agreement. 

	1.5	 Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement. 

 

	1.6	 Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

  

	1.7	 Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an
Event of Default. 

  

	2.	 THE PLEDGE 

  

	2.1	 Each of the Pledgors hereby pledges to Pledgee all of Equity Interest of Intelligent Technology held by such
Pledgor. The right of Pledge refers that the Pledgee shall have a priority right over the proceeds of the Equity Interest pledged by such Pledgor in satisfaction of its rights from discount, auction or sale. 

 

	3.	 TERM OF PLEDGE 

  

	3.1	 The Term of the Pledge 

This Agreement shall take effect as of the date when this Agreement is duly signed or chopped by all the parties; the effectiveness and execution of this
Agreement will not be affected by the pledge registration specified under this Agreement. This Agreement shall in full force and effective until the Intelligent Technology and Pledgee’s satisfaction of all Contractual Obligations and settlement
of all Secured Indebtedness (the “Term of Pledge”). Upon Pledgee’s request, Intelligent Technology shall extend its operation period to sustain the effectiveness of this Agreement. 

 

	4.	 CUSTODY OF RECORDS FOR EQUITY INTEREST SUBJECT TO PLEDGE 

 

	4.1	 During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s custody the
shareholders’ register containing the Pledge within one week from the execution of this Agreement. Pledgee shall have custody of such items during the entire Term of Pledge set forth in this Agreement. 

 

	4.2	 Pledgee shall have the right to collect dividends generated by the Equity Interest during the Term of Pledge.

  

	5.	 REPRESENTATIONS AND WARRANTIES OF PLEDGOR 

 

	5.1	 Pledgor is the legal owner of the Equity Interest. 

 

	5.2	 In any event that the Pledgee exercise its right under this Agreement, no interference shall be made by any
other parties. 

  

	5.3	 Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions
set forth in this Agreement. 

  

	5.4	 Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity
Interest. 

	6.	 COVENANTS AND FURTHER AGREEMENTS OF PLEDGOR 

 

	6.1	 Pledgor hereby covenants to the Pledgee, that during the term of this Agreement, Pledgor shall:

  

	 	6.1.1	 not transfer the Equity Interest, place or permit the existence of any security interest or other encumbrance
on the Equity Interest, without the prior written consent of Pledgee; 

  

	 	6.1.2	 comply with the provisions of all laws and regulations applicable to the pledge of rights, and within five
(5) days of receipt of any notice, order or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall comply with the
aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon Pledgee’s reasonable request or upon consent of Pledgee; 

 

	 	6.1.3	 promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on Pledgee’s
rights to the Equity Interest or any portion thereof, as well as any event or notice received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement. 

 

	6.2	 Pledgor agrees that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge
shall not be interrupted or harmed by Pledgor or any heirs or representatives of Pledgor or any other persons through any legal proceedings. 

  

	6.3	 To protect or perfect the security interest granted by this Agreement for payment of the consulting and service
fees under the Control Agreements, Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also
undertakes to perform and to cause other parties who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all
relevant documents regarding ownership of Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgor undertakes to provide Pledgee within a reasonable time with all notices, orders and decisions regarding the
Pledge that are required by Pledgee. 

  

	6.4	 Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations and
conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises, agreements, representations and conditions, Pledgor shall indemnify Pledgee for all losses resulting therefrom. 

 

	7.	 EVENT OF BREACH 

  

	7.1	 The following circumstances shall be deemed Event of Default: 

 

	 	7.1.1	 A Pledgor makes any materially false or misleading representations or warranties under Section 5 herein,
or breaches any warranties under Section 5 herein; 

  

	 	7.1.2	 A Pledgor breaches the covenants under Section 6 herein; 

 

	 	7.1.3	 A Pledgor breaches any terms and conditions of this Agreement; 

 

	 	7.1.4	 Except otherwise stipulated under Section 6.1.1, Pledgor transfers or purports to transfer or abandons the
Equity Interest pledged or assigns the Equity Interest pledged without the written consent of Pledgee; 

	 	7.1.5	 Any loan, guarantee, compensation, commitment or other liabilities which (i) have been requested for the
repayment or performance due to the breach of the contract; or (ii) are unable to be repaid or performed on due date, so as to cause the Pledgee to believe that such Pledgor’s ability to perform the obligations herein is adversely
affected; 

  

	 	7.1.6	 The Pledgor is incapable of repaying debt in general; 

 

	 	7.1.7	 The enactment of laws and regulation cause the illegality of this Agreement or failure of the continue
performance by the Pledgor of the obligation under this Agreement; 

  

	 	7.1.8	 Any consent, permit, approval or authorization for the legality, enforcement or validity of this Agreement from
governmental authorities is revoked, suspended, void or substantially changed. 

  

	 	7.1.9	 The occurrence of any adverse change to the assets or property of the Pledgor, which in Pledgee’s
determination, may impact the ability of the Pledgor to perform its obligations hereunder; 

  

	 	7.1.10	 The occurrence of any other circumstances under which the Pledgee is not or may not able to exercise its rights
hereunder in accordance with the applicable law. 

  

	7.2	 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned
circumstances described in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly. 

  

	7.3	 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s
satisfaction after the Pledgee delivers a notice to the Pledgor requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding to immediately dispose of the Pledge in
accordance with the provisions of Section 8 of this Agreement. 

  

	8.	 EXERCISE OF PLEDGE 

  

	8.1	 Prior to the full payment of the consulting and service fees described in the Control Agreements, without the
Pledgee’s written consent, Pledgor shall not assign the Equity Interest in Intelligent Technology. 

  

	8.2	 Pledgee may issue a written notice to Pledgor when exercising the Pledge. 

 

	8.3	 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time
after the issuance of the Notice of Default in accordance with Section 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest. 

 

	8.4	 In the event of default, Pledgee is entitled to dispose of the Equity Interest in accordance with applicable
PRC laws. Only to the extent permitted under applicable PRC laws, Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from
Pledgee. 

  

	8.5	 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Intelligent Technology shall
provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement. 

	9.	 ASSIGNMENT 

  

	9.1	 Without Pledgee’s prior written consent, Pledgor shall not have the right to assign or delegate its rights
and obligations under this Agreement. 

  

	9.2	 This Agreement shall be binding on Pledgor and its successors and permitted assigns, and shall be valid with
respect to Pledgee and each of its successors and assigns. 

  

	9.3	 At any time, Pledgee may assign any and all of its rights and obligations under the Control Agreements to its
designee(s) (natural/legal persons), in which case the assigns shall have the rights and obligations of Pledgee under this Agreement, as if it were the original party to this Agreement. When the Pledgee assigns the rights and obligations under the
Control Agreements, upon Pledgee’s request, Pledgor shall execute relevant agreements or other documents relating to such assignment. 

  

	9.4	 In the event of a change in Pledgee due to an assignment, Pledgor shall, at the request of Pledgee, execute a
new pledge agreement with the new pledgee on the same terms and conditions as this Agreement. 

  

	10.	 TERMINATION 

Upon the full payment of the consulting and service fees under the Services Agreements and upon termination of Intelligent Technology’s
obligations under the Services Agreements, this Agreement shall be terminated, and Pledgee shall then terminate the equity pledge under this Agreement as soon as reasonably practicable. 

 

	11.	 HANDLING FEES AND OTHER EXPENSES 

 

	11.1	 All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs
of production, stamp tax and any other taxes and fees, shall be borne by Pledgor. If the Pledgee pay such taxes and fees according to applicable laws, the Pledgor shall reimburse such paid taxes and fees. 

 

	11.2	 The Pledgors shall be responsible for all expenses (including, but not limited to, any taxes, application fees,
management fees, litigation costs, attorney’s fees, and various insurance premiums in connection with the disposition of the Pledge) incurred by the Pledgee in its recourse to collect from the Pledgors arising from the Pledgors’ failure to
pay any relevant taxes and fees. 

  

	12.	 Force Majeure 

 

	12.1	 In the event that the affected party is delayed in or prevented from performing its obligations under this
Agreement by Force Majeure, only to the extent within the scope of such delay or prevention, the affected party will not be responsible for any damage by reason of such a failure or delay of performance. Force Majeure shall refer to
any event that is beyond the party’s reasonable control and cannot be prevented with reasonable care, including acts of governments, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning or war. However, any shortage of
credit, capital or finance shall not be regarded as an event beyond the control of a party. The party affected by Force Majeure shall notify the other party about the release without delay. 

	12.2	 Although the affected party will not be responsible for any damage by reason of such a failure or delay of
performance caused by Force Majeure, the affected party shall be exempted from such liabilities when it uses its reasonable efforts to minimize or remove the effects of Force Majeure and attempt to resume performance of the obligations
delayed or prevented by the event of Force Majeure. After the event of Force Majeure is removed, both parties agree to use their best efforts to resume performance of this Agreement. 

 

	13.	 GOVERNING LAW AND RESOLUTION OF DISPUTES 

 

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

  

	13.2	 In the event of any dispute with respect to the construction and performance of this Agreement, the Parties
shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute, either Party may submit the relevant dispute to the Guangzhou Arbitration Commission for arbitration, in accordance
with its arbitration rules. The arbitration shall be conducted in Guangzhou, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties. 

 

	14.	 NOTICES 

  

	14.1	 Any notice given by the parties hereto for the purpose of performing the rights and obligations hereunder shall
be in writing. If such notice is delivered by messenger, the time of receipt is the time when such notice is received by the addressee; if such notice is transmitted by facsimile, the time of receipt is the time when such notice is transmitted. If
the notice does not reach the addressee by the end of the business day, the following business day shall be the date of receipt. The place of delivery is the Party’s address as set forth in the signature pages hereto or the address advised in
writing including via facsimile. 

  

	15.	 ATTACHMENTS 

The attachments set forth herein shall be an integral part of this Agreement. 

 

	16.	 EFFECTIVENESS 

  

	16.1	 This Agreement is the amendment to Original Pledge Agreement. If there any conflict between Original Pledge
Agreement and this Agreement, this Agreement shall prevail. Any amendments, changes and supplements to this Agreement shall be in writing and shall become effective after the affixation of the signatures or seals of the Parties.

  

	16.2	 This Agreement is written in Chinese in two originals. 

 [Signature Page] 

Pledgee: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Authorized Representative: /s/ Huazhi Hu 
 /s/ Seal of EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Pledgor: Yifang Xiong 

Signature: /s/ Yifang XiongEX-10.8

 Exhibit 10.8 

EXCLUSIVE TECHNICAL CONSULTING AND SERVICES AGREEMENT 

This Exclusive Technical Consulting and Services Agreement (the “Agreement”) is entered into as of January 29, 2016 in
Guangzhou by and between the following parties: 
 Party A: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Address: Room 903 (Chuangtuobangzhong Space)-A2(only for office use), Building C1, Innovation Building, No. 182
Kexue Boulevard, Guangzhou Hi-tech Industry Development Zone, Guangzhou, PRC. 
 Party B: Guangzhou EHang
Intelligent Technology Co., Ltd. 
 Address: Room 402 (only for office use), 4th floor, Auxiliary
Building No. 11, Aoti Road, Tianhe District, Guangzhou, PRC. 
 WHEREAS: 

(1) Party A, a wholly foreign-owned enterprise registered in the People’s Republic of China (the “PRC”) under the laws of the
PRC, provides technical consulting and services as part of its permitted business in the PRC. 
 (2) Party B is a limited liability company
registered in the PRC, and is licensed by the competent governmental authorities to carry on the business of research & development, manufacture, operation and sale of aviation and unmanned aerial vehicle. 

(3) Party A agrees to provide Party B with technical consulting and services and Party B agrees to accept such technical consulting and
services. 
 NOW THEREFORE, the parties through mutual negotiations agree as follows: 

1.    Technical Consulting and Services; Exclusivity 

1.1 During the term of this Agreement, the Party A agrees to, as the exclusive provider of the technical consulting and services to the Party
B, provide technical consulting and services as further specified in Appendix 1 hereto to Party B. 
 1.2 Party B hereby agrees to accept
the technical consulting and services to be provided by the Party A. Party B further agrees that, during the term of this Agreement, technical consulting and services shall be exclusively sourced by it from Party A and it shall not engage any third
party to provide technical consulting and services the same as, similar to or comparable to or may replace the technical consulting and services for such business without the prior written consent of Party A. 

1.3 Party A shall be the sole and exclusive owner of all rights, title and interests to any and all intellectual property rights arising from
the provision of technical consulting and services under this Agreement, including, without limitation, any copyrights, patent, know-how, trade secrets and otherwise, whether developed by Party A or as
improvements or derivatives resulting from Party A’s intellectual property becoming known to, possessed under or developed by Party B. 

2.    Calculation and Payment of the Fee for Technical Consulting and Services (the “Fee”) 

The parties agree that the Fee under this Agreement shall be determined according to Appendix 2. 

3.    Representations and Warranties 

3.1 Party A hereby represents and warrants as follows: 

3.1.1 Party A is a company duly registered and validly existing under the laws of the PRC; 

3.1.2 Party A has full right, power, authority and capacity and all consents and approvals of any other third party or government necessary to
execute and perform this Agreement, which shall not conflict with any enforceable and effective laws or contracts binding on or applicable to Party A; 

 3.1.3 Once the Agreement has been duly executed by both parties, it will constitute a legal,
valid and binding obligation of Party A enforceable against it in accordance with its terms. 
 3.2 Party B hereby represents and warrants
as follows: 
 3.2.1 Party B is a limited liability company duly registered and validly existing under the laws of the PRC. 

3.2.2 Party B has full right, power, authority and capacity and all consents and approvals of any other third party or government necessary to
execute and perform this Agreement, which shall not conflict with any enforceable and effective laws or contracts binding on or applicable to Party B. 

3.2.3 Once the Agreement has been duly executed by both parties, it will constitute a legal, valid and binding obligation of Party B
enforceable against it in accordance with its terms. 
 4.    Confidentiality 

4.1 Party B agrees to protect and maintain the confidentiality of all of the technical and commercial data and information of Party A
acknowledged or received by Party B in connection with the technical consulting and services provided by Party A pursuant to this Agreement (collectively the “Confidential Information”). Party B shall not disclose or transfer any
Confidential Information to any third party without Party A’s prior written consent. Upon termination or expiration of this Agreement, Party B shall, at Party A’s option, return any and all documents, information or software containing any
such Confidential Information to Party A or destroy it, delete all of such Confidential Information from any electronic device, and cease to use it. 

4.2 It is agreed that this Section 4 shall survive after any amendment, expiration or termination of this Agreement. 

5.    Indemnity 
 Party B
shall jointly and severally indemnify and hold harmless Party A from and against any loss, damage, obligation and cost arising out of any litigation, claim or other legal procedure against the Party A resulting from the provision of the technical
consulting and services requested by Party B. 
 6.    Effective Date and Term 

6.1 This Agreement shall be executed and come into effect as of the date first set forth above (the “Effective Date”). The term of
this Agreement is 10 years, unless earlier terminated or extended as set forth in this Agreement 
 6.2 This Agreement may be extended only
if Party A gives its written consent to the extension of this Agreement before the expiration of this Agreement and on such terms as may be determined upon the unanimous consents of both parties. 

7.    Termination 
 7.1
Termination or Expiration 
 This Agreement shall expire on date of expiration unless this Agreement is extended as set forth above. 

7.2 Early Termination 
 During
the term of this Agreement, Party B shall not terminate this Agreement except any gross negligence, fraud, other illegal action or bankruptcy of Party A. Notwithstanding the foregoing, Party A may terminate this Agreement by giving a written notice
to the Party B at least 30 days prior to such termination. 
 7.3 Survival. 

Articles 4 and 5 shall survive after the termination or expiration of this Agreement. 

 8.    Dispute Resolution 

Any dispute arising from, out of or in connection with this Agreement shall be settled through amicable negotiations between the parties. If
the dispute cannot be settled through negotiations, the dispute shall, upon the request of either Party with notice to the other Party, be submitted to arbitration in Guangzhou, PRC, under the auspices of Guangzhou Arbitration Committee. The place
of arbitration shall be in Guangzhou. The language of the arbitration shall be in Chinese. The arbitration award shall be final and binding on all parties. 

9.    Force Majeure  

9.1 Force Majeure shall refer to any event that is beyond the party’s reasonable control and cannot be prevented with reasonable
care, including acts of governments, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning or war. However, any shortage of credit, capital or finance shall not be regarded as an event beyond the control of a party. The party
affected by Force Majeure shall notify the other party about the release without delay. 
 9.2 In the event that the affected party
is delayed in or prevented from performing its obligations under this Agreement by Force Majeure, only to the extent within the scope of such delay or prevention, the affected party will not be responsible for any damage by reason of such a
failure or delay of performance. The affected party shall take appropriate means to minimize or remove the effects of Force Majeure and attempt to resume performance of the obligations delayed or prevented by the event of Force
Majeure. After the event of Force Majeure is removed, both parties agree to use their best efforts to resume performance of this Agreement. 

10.    Notices. 
 All
notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly received if so given) by hand delivery, facsimile transmission, or by mail (registered or certified
mail, postage prepaid, return receipt requested) or by any courier service, providing proof of delivery. All communications hereunder shall be delivered to the respective parties at the following addresses or to such other address as the party to
whom notice is given may have previously furnished to the other parties hereto in writing in the manner set forth above: 
  

			
	Party A:	  	EHang Intelligent Equipment (Guangzhou) Co., Ltd.
	Communication Address:	  	5th floor, Building C, Yixiang Technology Park, No.72 Nanxiang Second Road, Luogang District, Guangzhou, PRC
	Telephone:	  	******
	Contract person	  	Huazhi Hu
		
	Party B:	  	Guangzhou EHang Intelligent Technology Co., Ltd.
	Communication Address:	  	5th floor, Building C, Yixiang Technology Park, No.72 Nanxiang Second Road, Luogang District, Guangzhou, PRC
	Telephone:	  	******
	Contract person	  	Huazhi Hu

 11.    No Assignment 

Neither this Agreement nor any right, interest or obligation hereunder may be assigned by any party hereto without the prior written consent of
the other party hereto. 
 12.    Severability 

If any provision of this Agreement is held to be illegal, invalid or unenforceable under any present or future law, and such provision will be fully
severable and be void only under jurisdiction and scope of the applicable laws, and the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or
by its severance herefrom. 

 13.    Amendment and Supplement 

Any amendment and supplement of this Agreement shall come into force only after a written agreement is signed by both parties. The amendment
and supplement duly executed by both parties shall be part of this Agreement and shall have the same legal effect as this Agreement. 

14.    Governing Law 
 This
Agreement shall be governed by and construed in accordance with PRC laws. 
 IN WITNESS THEREOF the parties hereto have caused this Agreement to be duly
executed on their behalf by a duly authorized representative as of the date first set forth above. 

 (Signature Page) 

Party A: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Authorized Representative: /s/ Huazhi Hu 
 /s/ Seal of EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Party B: Guangzhou EHang Intelligent Technology Co., Ltd. 

Authorized Representative: /s/ Shangjin Guo 
 /s/ Seal of
Guangzhou EHang Intelligent Technology Co., Ltd. 

 Appendix 1: The list of Technical Consulting and Services 

Party A shall provide the following technical consulting and services to Party B: 
  

	1.	 Enterprise Management and Training; 

 

	2.	 Technology Research and Development of Aviation and Unmanned Aerial Vehicle; 

 

	3.	 Manufacturing process and method of Aviation and Unmanned Aerial Vehicle; and 

 

	4.	 The Sale of Aviation and Unmanned Aerial Vehicle. 

 Appendix 2: Calculation and Payment of the Fee for Technical Consulting and Services 

Party B shall pay a technical consulting and service fee (the “Fees”) equals to an hourly rate of CNY 1,000.00. Party A may, in its sole
discretion, adjust the fees for the technical consulting and services provided to Party B. 
 The Fees shall be paid within 5 days upon submission of an
invoice by Party A to the Party B on a monthly basis. 

 EXCLUSIVE SERVICES AGREEMENT 

This agreement (the “Agreement”) is entered into as of January 29, 2016. 

Party A: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Address: Room 903 (Chuangtuobangzhong Space)-A2(only for office use), Building C1, Innovation Building, No. 182
Kexue Boulevard, Guangzhou Hi-tech Industry Development Zone, Guangzhou, PRC. 
 Party B: Guangzhou EHang
Intelligent Technology Co., Ltd. 
 Address: Room 402 (only for office use), 4th floor, Auxiliary
Building No. 11, Aoti Road, Tianhe District, Guangzhou, PRC. 
 After friendly negotiation, through mutual negotiation, as to the provision of
management consulting and technical and management consulting matters on research & development, manufacture, operation and sale of unmanned aerial vehicle under the Exclusive Technical Consulting and Services Agreement on January 29,
2016, both parties agree as follows: 
  

	1.	 During the term of this Agreement, Party A agrees to provide Party B with, Party B agrees to accept, the
management consulting and technical consulting on research & development, manufacture, operation and sale of unmanned aerial vehicle. 

  

	2.	 During the term of this Agreement, without prior consent of Party A, Party B shall not it shall not engage any
entity or individual other than Party A to provide services the same as, similar to or comparable to the management consulting and technical consulting on research & development, manufacture, operation and sale of unmanned aerial vehicle.

  

	3.	 The service fees shall be calculated and paid by an hourly rate of CNY 1,000.00 and Party A may, at its
sole discretion, adjust the above fees. Such fees shall be paid within five (5) days upon submission of an invoice by Party A to the Party B on a monthly basis. 

 

	4.	 Party A shall be the sole and exclusive owner of all rights, title and interests to any and all intellectual
property rights arising from the provision of services under this Agreement unless otherwise stipulated under compulsory laws and regulation in which the ownership intellectual property rights shall be appropriated according to compulsory laws and
regulations. 

  

	5.	 Each party has full right, power, authority and capacity and all consents and approvals of any other third
party or government necessary to execute and perform this Agreement. 

  

	6.	 Both parties shall not disclose any confidential information from other party during the negotiation, execution
and performance of this Agreement. 

  

	7.	 This Agreement shall be valid until a new agreement with respect to service matters is entered.

  

	8.	 This Agreement shall be executed in two originals, and each Party A and Party B holds one.

 (Signature Page) 

Party A: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Authorized Representative: /s/ Huazhi Hu 
 /s/ Seal of EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Party B: Guangzhou EHang Intelligent Technology Co., Ltd. 

Authorized Representative: /s/ Shangjin Guo 
 /s/ Seal of
Guangzhou EHang Intelligent Technology Co., Ltd.

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