Document:

EX-10.4

 Exhibit 10.4 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of
            , 2019 by and between UCLOUDLINK GROUP INC., an exempted company incorporated and existing under the laws of the Cayman Islands (the “Company”) and
                     (ID Card No.
                    ) (the “Executive”). 

RECITALS 
 WHEREAS, the Company desires to
employ the Executive and to assure itself of the services of the Executive during the term of Employment (as defined below) and under the terms and conditions of the Agreement; 

WHEREAS, the Executive desires to be employed by the Company during the term of Employment and under the terms and conditions of the Agreement; 

AGREEMENT 
 NOW, THEREFORE, in
consideration of the premises and the mutual covenants and agreements herein contained, the Company and the Executive agree as follows: 
  

	1.	 EMPLOYMENT 

The Company hereby agrees to employ the Executive and the Executive hereby accepts such employment, on the terms and conditions hereinafter set
forth (the “Employment”). 
  

	2.	 TERM 

Subject to the terms and conditions of the Agreement, the initial term of the Employment shall be
        years, commencing on             , 2019 (the “Effective Date”) and ending on
            ,         (the “Initial Term”), unless terminated earlier pursuant to the terms of the Agreement. Upon expiration of the
Initial Term of the Employment, the Employment shall be automatically extended for successive periods of              months each (each, an “Extension Period”) unless
either party shall have given 60 days advance written notice to the other party, in the manner set forth in Section 19 below, prior to the end of the Initial Term or the Extension Period in question, as applicable, that the term of this
Agreement that is in effect at the time such written notice is given is not to be extended or further extended, as the case may be (the period during which this Agreement is effective being referred to hereafter as the “Term”). 

 

	3.	 POSITION AND DUTIES 

 

	 	(a)	 During the Term, the Executive shall serve
as                     of the Company or in such other position or positions with a level of duties and responsibilities consistent with the
foregoing with the Company and/or its subsidiaries and affiliates as the Board of Directors of the Company (the “Board”) may specify from time to time and shall have the duties, responsibilities and obligations customarily assigned
to individuals serving in the position or positions in which the Executive serves hereunder and as assigned by the Board, or with the Board’s authorization, by the Company’s Chief Executive Officer. 

	 	(b)	 The Executive agrees to serve without additional compensation, if elected or appointed thereto, as a director
of the Company or any subsidiaries or affiliated entity of the Company (collectively, the “Group”) and as a member of any committees of the board of directors of any such entity, provided that the Executive is indemnified for
serving in any and all such capacities on a basis no less favorable than is currently provided to any other director of any member of the Group. 

  

	 	(c)	 The Executive agrees to devote all of his/her working time and efforts to the performance of his/her duties for
the Company and to faithfully and diligently serve the Company in accordance with the Agreement and the guidelines, policies and procedures of the Company approved from time to time by the Board. 

 

	4.	 NO BREACH OF CONTRACT 

The Executive hereby represents to the Company that: (i) the execution and delivery of the Agreement by the Executive and the performance
by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which the Executive is a party or by which the Executive is otherwise bound, except
that the Executive does not make any representation with respect to agreements required to be entered into by and between the Executive and any member of the Group pursuant to the applicable law of the jurisdiction in which the Executive is based,
if any; (ii) that the Executive is not in possession of any information (including, without limitation, confidential information and trade secrets) the knowledge of which would prevent the Executive from freely entering into the Agreement and
carrying out his/her duties hereunder; and (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement with any person or entity other than any member of the Group. 

 

	5.	 LOCATION 

The Executive will be based in
                    ,             or any other location as requested by the Company
during the Term. 
  

	6.	 COMPENSATION AND BENEFITS 

 

	 	(a)	 Cash Compensation. As compensation for the performance by the Executive of his/her obligations
hereunder, during the Term, the Company shall pay the Executive cash compensation (inclusive of the statutory benefit contributions that the Company is required to set aside for the Executive under applicable law) pursuant to Schedule A
hereto, subject to annual review and adjustment by the Board or any committee designated by the Board. 

  
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	 	(b)	 Equity Incentives. During the Term, the Executive shall be eligible to participate, at a level
comparable to similarly situated executives of the Company, in such long-term compensation arrangements as may be authorized from time to time by the Board, including any share incentive plan the Company may adopt from time to time in its sole
discretion. 

  

	 	(c)	 Benefits. During the Term, the Executive shall be entitled to participate in all of the employee benefit
plans and arrangements made available by the Company to its similarly situated executives, including, but not limited to, any retirement plan, medical insurance plan and travel/holiday policy, subject to and on a basis consistent with the terms,
conditions and overall administration of such plans and arrangements. 

  

	7.	 TERMINATION OF THE AGREEMENT 

The Employment may be terminated as follows: 
  

	 	(a)	 Death. The Employment shall terminate upon the Executive’s death. 

 

	 	(b)	 Disability. The Employment shall terminate if the Executive has a disability, including any physical or
mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his/her position at the Company, even with reasonable accommodation that does not impose an undue burden on the
Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period shall apply. 

 

	 	(c)	 Cause. The Company may terminate the Executive’s employment hereunder for Cause. The occurrence of
any of the following, as reasonably determined by the Company, shall be a reason for Cause, provided that, if the Company determines that the circumstances constituting Cause are curable, then such circumstances shall not constitute Cause unless and
until the Executive has been informed by the Company of the existence of Cause and given an opportunity of ten business days to cure, and such Cause remains uncured at the end of such ten-day period:

  

	 	(1)	 continued failure by the Executive to satisfactorily perform his/her duties; 

 

	 	(2)	 willful misconduct or gross negligence by the Executive in the performance of his/her duties hereunder,
including insubordination; 

  

	 	(3)	 the Executive’s conviction or entry of a guilty or nolo contendere plea of any felony or any
misdemeanor involving moral turpitude; 

  
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	 	(4)	 the Executive’s commission of any act involving dishonesty that results in material financial,
reputational or other harm, monetary or otherwise, to any member of the Group, including but not limited to an act constituting misappropriation or embezzlement of the property of any member of the Group as determined in good faith by the Board; or

  

	 	(5)	 any material breach by the Executive of this Agreement. 

 

	 	(d)	 Good Reason. The Executive may terminate his/her employment hereunder for “Good Reason” upon
the occurrence, without the written consent of the Company, of an event constituting a material breach of this Agreement by the Company that has not been fully cured within ten business days after written notice thereof has been given by the
Executive to the Company setting forth in sufficient detail the conduct or activities the Executive believes constitute grounds for Good Reason, including but not limited to: 

 

	 	(1)	 the failure by the Company to pay to the Executive any portion of the Executive’s current compensation or
to pay to the Executive any portion of an installment of deferred compensation under any deferred compensation program of the Company, within 20 business days of the date such compensation is due; or 

 

	 	(2)	 any material breach by the Company of this Agreement. 

 

	 	(e)	 Without Cause by the Company; Without Good Reason by the Executive. The Company may terminate the
Executive’s employment hereunder at any time without Cause upon 60-day prior written notice to the Executive. The Executive may terminate the Executive’s employment voluntarily for any reason or no
reason at any time by giving 60-day prior written notice to the Company. 

  

	 	(f)	 Notice of Termination. Any termination of the Executive’s employment under the Agreement shall be
communicated by written notice of termination (“Notice of Termination”) from the terminating party to the other party. The notice of termination shall indicate the specific provision(s) of the Agreement relied upon in effecting the
termination. 

  

	 	(g)	 Date of Termination. The “Date of Termination” shall mean (i) the date set forth
in the Notice of Termination, or (ii) if the Executive’s employment is terminated by the Executive’s death, the date of his/her death. 

  

	 	(h)	 Compensation upon Termination. 

 

	 	(1)	 Death. If the Executive’s employment is terminated by reason of the Executive’s death, the
Company shall have no further obligations to the Executive under this Agreement and the Executive’s benefits shall be determined under the Company’s retirement, insurance and other benefit and compensation plans or programs then in effect
in accordance with the terms of such plans and programs. 

  
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	 	(2)	 By Company without Cause or by the Executive for Good Reason. If the Executive’s employment is
terminated by the Company other than for Cause or by the Executive for Good Reason, the Company shall (i) continue to pay and otherwise provide to the Executive, during any notice period, all compensation, base salary and previously earned but
unpaid incentive compensation, if any, and shall continue to allow the Executive to participate in any benefit plans in accordance with the terms of such plans during such notice period; and (ii) pay to the Executive, in lieu of benefits under
any severance plan or policy of the Company, any such amount as may be agreed between the Company and the Executive. 

  

	 	(3)	 By Company for Cause or by the Executive other than for Good Reason. If the Executive’s employment
shall be terminated by the Company for Cause or by the Executive other than for Good Reason, the Company shall pay the Executive his/her base salary at the rate in effect at the time Notice of Termination is given through the Date of Termination,
and the Company shall have no additional obligations to the Executive under this Agreement. 

  

	 	(i)	 Return of Company Property. The Executive agrees that following the termination of the Executive’s
employment for any reason, or at any time prior to the Executive’s termination upon the request of the Company, he/she shall return all property of the Group that is then in or thereafter comes into his/her possession, including, but not
limited to, any Confidential Information (as defined below) or Intellectual Property (as defined below), or any other documents, contracts, agreements, plans, photographs, projections, books, notes, records, electronically stored data and all
copies, excerpts or summaries of the foregoing, as well as any automobile or other materials or equipment supplied by the Group to the Executive, if any. 

  

	 	(j)	 Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or
provide any benefits shall (1) cease as of the date the Executive breaches any of the provisions of Sections 8, 9 and 11 hereof, and (2) be conditioned on the Executive signing the Company’s customary release of claims in favor of the
Group and the expiration of any revocation period provided for in such release. 

  
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	8.	 CONFIDENTIALITY AND NONDISCLOSURE 

 

	 	(a)	 Confidentiality and Non-Disclosure. 

 

	 	(1)	 The Executive acknowledges and agrees that: (A) the Executive holds a position of trust and confidence
with the Company and that his/her employment by the Company will require that the Executive have access to and knowledge of valuable and sensitive information, material, and devices relating to the Company and/or its business, activities, products,
services, customers and vendors, including, but not limited to, the following, regardless of the form in which the same is accessed, maintained or stored: the identity of the Company’s actual and prospective customers and, as applicable, their
representatives; prior, current or future research or development activities of the Company; the products and services provided or offered by the Company to customers or potential customers and the manner in which such services are performed or to
be performed; the product and/or service needs of actual or prospective customers; pricing and cost information; information concerning the development, engineering, design, specifications, acquisition or disposition of products and/or services of
the Company; user base personal data, programs, software and source codes, licensing information, personnel information, advertising client information, vendor information, marketing plans and techniques, forecasts, and other trade secrets
(“Confidential Information”); and (B) the direct and indirect disclosure of any such Confidential Information would place the Company at a competitive disadvantage and would do damage, monetary or otherwise, to the Company’s
business. 

  

	 	(2)	 During the Term and at all times thereafter, the Executive shall not, directly or indirectly, whether
individually, as a director, stockholder, owner, partner, employee, consultant, principal or agent of any business, or in any other capacity, publish or make known, disclose, furnish, reproduce, make available, or utilize any of the Confidential
Information without the prior express written approval of the Company, other than in the proper performance of the duties contemplated herein, unless and until such Confidential Information is or shall become general public knowledge through no
fault of the Executive. 

  

	 	(3)	 In the event that the Executive is required by law to disclose any Confidential Information, the Executive
agrees to give the Company prompt advance written notice thereof and to provide the Company with reasonable assistance in obtaining an order to protect the Confidential Information from public disclosure. 

 

	 	(4)	 The failure to mark any Confidential Information as confidential shall not affect its status as Confidential
Information under this Agreement. 

  
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	 	(c)	 Third Party Information in the Executive’s Possession. The Executive agrees that he/she shall not,
during the Term, (i) improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by
Executive, if any, or (ii) bring into the premises of Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity.
The Executive will indemnify the Company and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of litigation, arising out of or in connection with any violation of
the foregoing. 

  

	 	(d)	 Third Party Information in the Company’s Possession. The Executive recognizes that the
Company may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for
certain limited purposes. The Executive agrees that the Executive owes the Company and such third parties, during the Term and thereafter, a duty to hold all such confidential or proprietary information in strict confidence and not to disclose such
information to any person or firm, or otherwise use such information, in a manner inconsistent with the limited purposes permitted by the Company’s agreement with such third party. 

This Section 8 shall survive the termination of the Agreement for any reason. In the event the Executive breaches this Section 8, the
Company shall have right to seek remedies permissible under applicable law. 
  

	9.	 INTELLECTUAL PROPERTY  

 

	 	(a)	 Prior Inventions. The Executive has attached hereto, as Schedule B, a list describing all
inventions, ideas, improvements, designs and discoveries, whether or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging to the Executive (whether made solely by the
Executive or jointly with others) that (i) were developed by Executive prior to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Company’ actual or proposed business,
products or research and development, and (iii) are not assigned to the Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. Except to the extent set forth in Schedule B,
the Executive hereby acknowledges that, if in the course of his/her service for the Company, the Executive incorporates into a Company product, process or machine a Prior Invention owned by the Executive or in which he/she has an interest, the
Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide right and license (which may be freely transferred by the Company to any other person or entity) to make, have made, modify, use, sell,
sublicense and otherwise distribute such Prior Invention as part of or in connection with such product, process or machine. 

  
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	 	(b)	 Assignment of Intellectual Property. The Executive hereby assigns to the Company or its designees,
without further consideration and free and clear of any lien or encumbrance, the Executive’s entire right, title and interest (within the United States and all foreign jurisdictions) to any and all inventions, discoveries, improvements,
developments, works of authorship, concepts, ideas, plans, specifications, software, formulas, databases, designees, processes and contributions to Confidential Information created, conceived, developed or reduced to practice by the Executive (alone
or with others) during the Term which (i) are related to the Company’s current or anticipated business, activities, products, or services, (ii) result from any work performed by Executive for the Company, or (iii) are created,
conceived, developed or reduced to practice with the use of Company property, including any and all Intellectual Property Rights (as defined below) therein (“Work Product”). Any Work Product which falls within the definition of
“work made for hire”, as such term is defined in the U.S. Copyright Act, shall be considered a “work made for hire”, the copyright in which vests initially and exclusively in the Company. The Executive waives any rights to be
attributed as the author of any Work Product and any “droit morale” (moral rights) in Work Product. The Executive agrees to immediately disclose to the Company all Work Product. For purposes of this Agreement, “Intellectual
Property” shall mean any patent, copyright, trademark or service mark, trade secret, or any other proprietary rights protection legally available. 

  

	 	(c)	 Patent and Copyright Registration. The Executive agrees to execute and deliver any instruments or
documents and to do all other things reasonably requested by the Company in order to more fully vest the Company with all ownership rights in the Work Product. If any Work Product is deemed by the Company to be patentable or otherwise registrable,
the Executive shall assist the Company (at the Company’s expense) in obtaining letters of patent or other applicable registration therein and shall execute all documents and do all things, including testifying (at the Company’s expense) as
necessary or appropriate to apply for, prosecute, obtain, or enforce any Intellectual Property right relating to any Work Product. Should the Company be unable to secure the Executive’s signature on any document deemed necessary to accomplish
the foregoing, whether due to the Executive’s disability or other reason, the Executive hereby irrevocably designates and appoints the Company and each of its duly authorized officers and agents as the Executive’s agent and attorney-in-fact to act for and on the Executive’s behalf and stead to take any of the actions required of Executive under the previous sentence, with the same effect as
if executed and delivered by the Executive, such appointment being coupled with an interest. 

 This Section 9 shall
survive the termination of the Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have right to seek remedies permissible under applicable law. 

 

	10.	 CONFLICTING EMPLOYMENT  

The Executive hereby agrees that, during the Term, he/she will not engage in any other employment, occupation, consulting or other business
activity related to the business in which the Company is now involved or becomes involved during the Term, nor will the Executive engage in any other activities that conflict with his/her obligations to the Company without the prior written consent
of the Company. 

  
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	11.	 NON-COMPETITION AND
NON-SOLICITATION 

  

	 	(a)	 Non-Competition. In consideration of the compensation provided
to the Executive by the Company hereunder, the adequacy of which is hereby acknowledged by the parties hereto, the Executive agree that during the Term and for a period of one year following the termination of the Employment for whatever reason, the
Executive shall not engage in Competition (as defined below) with the Group. For purposes of this Agreement, “Competition” by the Executive shall mean the Executive’s engaging in, or otherwise directly or indirectly being employed by
or acting as a consultant or lender to, or being a director, officer, employee, principal, agent, stockholder, member, owner or partner of, or permitting the Executive’s name to be used in connection with the activities of, any other business
or organization which competes, directly or indirectly, with the Group in the Business; provided, however, it shall not be a violation of this Section 11(a) for the Executive to become the registered or beneficial owner of up to
five percent (5%) of any class of the capital stock of a publicly traded corporation in Competition with the Group, provided that the Executive does not otherwise participate in the business of such corporation. 

For purposes of this Agreement, “Business” means the provision of mobile data connectivity services and any
other business which the Group engages in, or is preparing to become engaged in, during the Term. 
  

	 	(b)	 Non-Solicitation;
Non-Interference. During the Term and for a period of one year following the termination of the Executive’s employment for any reason, the Executive agrees that he/she will not, directly or
indirectly, for the Executive’s benefit or for the benefit of any other person or entity, do any of the following: 

  

	 	(1)	 solicit from any customer doing business with the Group during the Term business of the same or of a similar
nature to the Business; 

  

	 	(2)	 solicit from any known potential customer of the Group business of the same or of a similar nature to that
which has been the subject of a known written or oral bid, offer or proposal by the Group, or of substantial preparation with a view to making such a bid, proposal or offer; 

 

	 	(3)	 solicit the employment or services of, or hire or engage, any person who is known to be employed or engaged by
the Group; or 

  

	 	(4)	 otherwise interfere with the business or accounts of the Group, including, but not limited to, with respect to
any relationship or agreement between the Group and any vendor or supplier. 

  
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	 	(c)	 Injunctive Relief; Indemnity of Company. The Executive agrees that any breach or threatened breach of
subsections (a) and (b) of this Section 11 would result in irreparable injury and damage to the Company for which an award of money to the Company would not be an adequate remedy. The Executive therefore also agrees that in the event of
said breach or any reasonable threat of breach, the Company shall be entitled to seek an immediate injunction and restraining order to prevent such breach and/or threatened breach and/or continued breach by the Executive and/or any and all persons
and/or entities acting for and/or with the Executive. The terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including, but not limited to, remedies available
under this Agreement and the recovery of damages. The Executive and the Company further agree that the provisions of this Section 11 are reasonable. The Executive agrees to indemnify and hold harmless the Company from and against all reasonable
expenses (including reasonable fees and disbursements of counsel) which may be incurred by the Company in connection with, or arising out of, any violation of this Agreement by the Executive. This Section 11 shall survive the termination of the
Agreement for any reason. 

  

	12.	 WITHHOLDING TAXES 

Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any
amounts otherwise due or payable under or pursuant to the Agreement such national, state, provincial, local or any other income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation. 

 

	13.	 ASSIGNMENT 

The Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer the
Agreement or any rights or obligations hereunder; provided, however, that the Company may assign or transfer the Agreement or any rights or obligations hereunder to any member of the Group without such consent. If the Executive should die while any
amounts would still be payable to the Executive hereunder if the Executive had continued to live, all such amounts unless otherwise provided herein shall be paid in accordance with the terms of this Agreement to the Executive’s devisee,
legatee, or other designee or, if there be no such designee, to the Executive’s estate. The Company will require any and all successors (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of
the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the
Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount and on the same terms as the
Executive would be entitled to hereunder if the Company had terminated the Executive’s employment other than for Cause, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be
deemed the Date of Termination. As used in this Section 13, “Company” shall mean the Company as herein before defined and any successor to its business and/or assets as aforesaid which executes and delivers the agreement provided for
in this Section 13 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. 

  
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	14.	 SEVERABILITY 

If any provision of the Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications
of the Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of the Agreement are declared to be severable. 
  

	15.	 ENTIRE AGREEMENT 

The Agreement constitutes the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment
and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Executive acknowledges that he/she has not entered into the Agreement in reliance upon any representation, warranty or undertaking which is
not set forth in the Agreement. 
  

	16.	 GOVERNING LAW 

The Agreement shall be governed by and construed in accordance with the law of the State of New York, U.S.A. 

 

	17.	 AMENDMENT 

The Agreement may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly
referring to the Agreement, which agreement is executed by both of the parties hereto. 
  

	18.	 WAIVER 

Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under the Agreement shall operate as
a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or
privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have
granted such waiver. 
  

	19.	 NOTICES 

All notices, requests, demands and other communications required or permitted under the Agreement shall be in writing and shall be deemed to
have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, (iii) sent by a recognized courier with next-day or
second-day delivery to the last known address of the other party; or (iv) sent by e-mail with confirmation of receipt. 

  
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	20.	 COUNTERPARTS 

The Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature
appears thereon, and all of which together shall constitute one and the same instrument. The Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties
reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose. 
  

	21.	 NO INTERPRETATION AGAINST DRAFTER 

Each party recognizes that the Agreement is a legally binding contract and acknowledges that such party has had the opportunity to consult with
legal counsel of choice. In any construction of the terms of the Agreement, the same shall not be construed against either party on the basis of that party being the drafter of such terms. 

[Remainder of the page intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Agreement has been executed as of the date first written
above. 
  

							
	COMPANY:	 		 	         UCLOUDLINK GROUP INC.

        a Cayman Islands exempted company

							
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  

							
			
	EXECUTIVE:	 		 	
			
		 		 	  

		 		 	Name:	 	
		 		 	Address:	 	

 Schedule A 

Cash Compensation 
  

									
	 	  	Amount	 	  	Pay Period	 
	 Base Salary
	  				  			
	 Cash Bonus
	  				  			

 Schedule B 

List of Prior Inventions 
  

					
	 Title
	 	 Date
	 	 Identifying Number

or Brief Description

		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	

  

	
	  

             No inventions or improvements

 
             
Additional Sheets Attached
  
 Signature of Executive:
                                         
 
  
 Print Name of Executive:
                                        

  
 Date:EX-10.5

 Exhibit 10.5 

Business Operation Agreement 
 The
Business Operation Agreement (the “Agreement”) was made and entered into at Beijing, People’s Republic of China (“China”) on 27th January 2015 by and
between: 
 Party A: Beijing uCloudlink Technology Co.,Ltd. a company incorporated at No.88, Yangyan Road, Yanqi Economic Development Zone, Huairou
District, Beijing, and with legal representative being Wen Gao, and 
 Party B: Shenzhen uCloudlink Network Technology Co., Ltd. , a company
incorporated at Room 501, Daxin Industry Co. Ltd. Building, Taoyuan West Road, 223, Nanshan, Shenzhen, and with legal representative being Wen Gao, and 

Party C: Beijing uCloudlink New Technology Co., Ltd., a company incorporated at (No.3861, Three House Cartoon Central Office Area), Middle Street,
Xiliu Estate, Three House Township, Chaoyang District, Beijing, and with legal representative being Wen Gao 
 The above parties are collectively referred
to as the “Parties”. 
 WHEREAS: 
  

	1.	 Party A is a wholly foreign-owned enterprise that is legally incorporated and in good standing in People’s
Republic of China. 

  

	2.	 Party B is a limited liability company that is incorporated in China. 

 

	3.	 Party A and Party B have entered into the Exclusive Technology Consulting and Services Agreement and other
agreements, under which Party A and Party B have formed business relations and Party B shall make payments to Party A. As a result, Party B’s day-to-day operations
will materially impact Party A’s capabilities of making related payments. 

  

	4.	 Party C is a limited liability company incorporated in China, owns 100% stake of Party B.

 Therefore, the Parties hereto, through friendly consultation and in the principle of equality and mutual benefits, agree as
follows: 
  

	1.	 Obligation of Nonaction 

To ensure Party B’s fulfillment of agreements signed with Party A and other responsibilities that Party B is liable for Party A, Party B
and Party C hereby acknowledge and agree that without prior written approval of Party A or other party designated by Party A, Party B shall never engage in any transaction or behavior that can have material adverse impact on Party A’s assets,
business, personnel, rights or operations, including but not limited to: 

  
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	 	1.1	 Engaging in any activity that does not fall within the normal business scope of the Company, or operating the
Company in a way that is abnormal or inconsistent with the conventional ways; 

  

	 	1.2	 Borrowing from any third party or taking on any debts; 

 

	 	1.3	 Changing or dismissing any director or senior officer of the Company; 

 

	 	1.4	 Selling to any third party or otherwise disposing of any assets or rights with a value of over RMB 50,000
(including but not limited to any intellectual property); 

  

	 	1.5	 Providing any guarantee in favor of any third party or placing any encumbrance on any Company assets (including
intellectual property); 

  

	 	1.6	 Changing articles of association or the scope of business of the Company; 

 

	 	1.7	 Changing the normal business process of the Company or modifying any major internal rules and systems of the
Company; 

  

	 	1.8	 Transferring any rights or obligations hereunder to any third party; 

 

	 	1.9	 Significantly changing business models, marketing strategy, operating policies or customer relations;

  

	 	1.10	 Paying any bonus or dividend in any form. 

 

	2.	 Operation, Management and Personnel Arrangement 

 

	 	2.1	 Party B and Party C hereby agree to follow and strictly implement the advices and instructions provided by
Party A from time to time in relation to the appointment and dismissal of employees, day-to-day operation and management of the Company, financial management of the
Company, among others. 

  

	 	2.2	 Party B and Party C hereby agree that Party C shall elect or appoint persons designated by Party A as Party
B’s directors (or executive directors) and supervisors according to applicable laws and the Company’s articles of association, and shall cause such directors to elect the person designated by Party A as the Company’s chairman (if a
board of directors is established), and appoint persons designated by Party A as the general manager, chief financial officer and other senior officers of Party B. 

 

	 	2.3	 The abovementioned directors or senior officers shall become disqualified for any position at Party B upon
their departure from Party A for any reason (including but not limited to voluntary resignation or dismissal by Party A). Under such circumstance, Party C shall immediately dismiss the above directors or senior officers from their positions at Party
B, and elect or hire other persons designated by Party A to replace such dismissed directors or senior officers. 

  
 2 

	 	2.4	 For the purpose of Article 2.3, Party B and Party C shall take all necessary internal and external actions to
complete the abovementioned dismissal and hiring processes according to applicable laws, the Company’s articles of association and provisions hereunder. 

  

	 	2.5	 Party C hereby agrees that upon signing of the Agreement, Party C shall sign a power of attorney whose form and
contents shall be those specified in attachment hereto. Through such power of attorney, Party C shall irrevocably authorize Party A or persons designated by Party A to exercise shareholders’ rights on behalf of Party C, and all
shareholders’ voting rights in the name of shareholders on Party B’s meetings of shareholders. Party C hereby further agrees that Party C shall replace the authorized person (the “Authorized Person”) specified in the
abovementioned power of attorney at any time upon the request of Party A. In such case, Party C shall cancel the authorization granted to the Authorized Person and immediately sign a power of attorney whose form is the same to that of the
attachment Irrevocable Power of Attorney, so as to authorize other persons designated by Party A in the ways specified in the attachment Irrevocable Power of Attorney. 

 

	3.	 Rights to Know 

Authorized Person may acquire all information related to Party B’s operations, customers, financial status and personnel, and make
inquiries about other related information of Party B, in order to exercise the rights granted to such Authorized Person. Such rights to know shall be the same to that enjoyed by Party B’s shareholders to access Party B’s information. Party
B shall fully facilitate Authorized Person’ exercise of such rights and shall not set any barrier. 
  

	4.	 Exemption 

The Parties hereto agree that Party A shall not be liable to compensate any other party hereto or any third party for Authorized Person’
exercise of rights granted hereunder, except for claims arising from Party A’s gross negligence or intentional misconduct. 
  

	5.	 Party C’s Representations and Warranties 

 

	 	5.1	 Party C is a limited liability company incorporating and duly existed under the laws of China with full
capacity for civil conduct to sign and perform the Agreement and bear legal responsibilities according to the Agreement. 

  

	 	5.2	 Party C are entitled to sign and perform the Agreement without any approval or authorization.

  

	 	5.3	 Party C’s signing and performance of the Agreement will not violate Party C’s articles of
association, or any laws, regulations, government approvals, authorizations, notices or other government documents that are binding or have impact upon Party C, or any contract signed between Party C and any third party, or any other promise Party C
has made to any third party. 

  
 3 

	 	5.4	 The Agreement will become binding upon Party C and legally enforceable upon signing. 

 

	 	5.5	 Except for the Agreement, the Equity Interest Pledge Agreement and Option Agreement, Party C has not used
stocks in Party B for any collateral, pledge or other security interests, or entered into any restrictive covenant with any third party with respect to stocks in Party B, or made any offer of transferring such stocks to any third party, or made any
promise regarding any third party’s offer of acquiring such stocks, or entered into any contract with any third party on transferring stocks in Party B that are held by Party C. 

 

	 	5.6	 Party C will strictly comply with the Agreement and duly perform its obligations hereunder. Party C shall cause
Party B to strictly perform the Agreement and shall not engage in any action or omission that may impact the validity and enforceability of the Agreement. 

  

	6.	 Party B’s Representations and Warranties 

 

	 	6.1	 Party B is a limited liability company that is incorporated and in good standing under Chinese laws.

  

	 	6.2	 Party B has obtained all necessary and appropriate approval and authorizations for signing and performing the
Agreement. 

  

	 	6.3	 Party B shall strictly comply with the Agreement and fulfill its obligations hereunder, and shall not engage in
any action or omission that may impact the validity and enforceability of the Agreement. 

  

	7.	 Liability for Breach 

 

	 	7.1	 Subject to Article 4 hereunder, Party B and Party C shall jointly indemnify and hold harmless Party A and its
shareholders, directors, employees, affiliates, agents, successors and trustees from any lawsuits, damage, costs, compensations, liabilities, fines or other losses or damages arising from any of the following conducts: 

 

	 	7.1.1	 Party B and/or Party C’s failure to perform the Agreement, and 

 

	 	7.1.2	 Party B and/or Party C’s gross negligence or intentional misconduct, or Party B and/or Party C’s
violation of applicable laws and regulations. 

  

	 	7.2	 Subject to the indemnification liability stated in Article 7.1, Party A may require Party C and Party B to stop
violating the Agreement or prevent Party C and Party B from violating the Agreement, and/or require Party C and Party B to perform their obligations hereunder. 

  
 4 

	8.	 Confidentiality 

The Parties hereto acknowledge and agree that the existence of the Agreement, the terms hereunder, and any oral or written information
exchanged for the purpose of preparing or performing the Agreement shall be deemed as confidential information. Party C and Party B shall keep secret such confidential information. Without prior written approval of Party A, neither Party C or Party
B shall disclose any confidential information to any third party, except in cases where: (a) confidential information is already in the public domain (other than by reason of unauthorized disclosure by any recipient of such confidential
information); (b) confidential information is required to be disclosed by applicable laws or regulations, rules of any stock exchange or orders of government authorities or courts with competent jurisdictions, or (c) confidential information
that has to be disclosed to legal and financial advisors of Party C or Party B for completing transactions contemplated hereunder, provided that such legal and financial advisors shall be bound by confidentiality obligations similar to that under
Article 8. Any disclosure of confidential information by any employee or organization within Party C or Party B shall be deemed as a disclosure by Party C and/or Party B, and Party C and/or Party B shall be held liable for such disclosure. 

 

	9.	 Other Agreements 

 

	 	9.1	 The Agreement shall be binding upon and inure to the benefit of all the Parties hereto and their respective
inheritors, successors and approved transferees. Without prior written approval of Party A, Party C shall not transfer any of its rights, interests or obligations hereunder. 

 

	 	9.2	 Party C hereby agrees that Party A may transfer its rights and obligations hereunder to any third party when
necessary by sending a written notice to Party C and without approval of Party C. 

  

	 	9.3	 Party A may terminate all its agreements with Party B upon termination or expiration of any agreement between
Party A and Party B, including but not limited to the Exclusive Technology Consulting and Services Agreement. 

  

	 	9.4	 In view of the fact that Party A and Party B have entered into the Exclusive Technology Consulting and Services
Agreement and other agreements, and Party B’s day-to-day operations will materially impact Party A’s capabilities of making related payments, Party C agreed
that subject to Article 1, all dividends, bonus or other proceeds or interests (in whatever form) received by Party C as Party B’s shareholders shall, upon realization, be paid or transferred to Party A unconditionally at no cost, and Party C
shall provide all necessary documents and take all necessary actions upon Party A’s request to ensure successful completion of such payment and transfer. 

 

	 	9.5	 Party C shall fully assist Authorized Person in duly exercising its granted rights, including but not limited
to signing resolutions of shareholders’ meetings and other related legal documents when necessary (including assistance provided in the process of delivering documents required for government approval, registration and filing). Party C hereby
acknowledges its commitments under Article 9.5 shall not limit the authorization it has granted to Authorized Person with respect to the granted rights. 

  
 5 

	10.	 Entire Agreement and Modification 

 

	 	10.1	 The Agreement and all other agreements and/or documents mentioned or expressly contained hereunder shall
constitute all agreements between the Parties hereto regarding the subject matter hereunder, and shall supersede all prior oral and written agreements, contracts, understandings and communications between the Parties hereto regarding the subject
matter hereunder. 

  

	 	10.2	 Any modification to this Agreement shall become effective only if it is in writing and is signed by the Parties
hereto. Any modification or supplementary agreement duly signed by the Parties hereto in relation to the Agreement shall be an integral part of the Agreement, and shall have the same legal effect with the Agreement. 

 

	11.	 Governing Laws 

The Agreement shall be governed and interpreted by Chinese laws. 
  

	12.	 Settlement of Disputes 

 

	 	12.1	 The Parties hereto shall settle disputes arising from the interpretation and performance of the Agreement in
good faith. In case no settlement can be reached, any party may submit the dispute to arbitration before China International Economic and Trade Arbitration Commission (“CIETAC”) according to the rules of arbitration then in force. Such
arbitration shall be conducted at Beijing and in Chinese. The arbitral award shall be final and binding upon the Parties hereto. The terms set forth in this section shall survive the termination or cancellation of the Agreement.

  

	 	12.2	 The Parties hereto shall continue to fulfill their respective obligations hereunder in good faith except where
prevented from doing so by the matter in dispute. 

  

	13.	 Notice 

All notices sent for the purpose of performing rights and obligation hereunder shall be in writing and delivered in person, by registered mail,
by mail with postage prepaid, by recognized courier services, or by facsimiles to the intended recipient or any party hereto at the addresses specified below: 

If to Party A: Beijing uCloudlink Technology Co.,Ltd. 

Address: Level 3, Unit A, Building 1, Shenzhen Software Industry Base, intersection between Baishi Road and Binhai Avenue, South Area of
the High-tech Zone, Shenzhen 
 Telephone: *** 

Recipient: *** 
 If to Party
B: Shenzhen uCloudlink New Technology Co., Ltd. 
 Address: Level 3, Unit A, Building 1, Shenzhen Software Industry Base,
intersection between Baishi Road and Binhai Avenue, South Area of the High-tech Zone, Shenzhen 
 Telephone: *** 

Recipient: *** 

  
 6 

 If to Party C: Beijing uCloudlink New Technology Co.,Ltd. 

Address: Level 3, Unit A, Building 1, Shenzhen Software Industry Base, intersection between Baishi Road and Binhai Avenue, South Area of
the High-tech Zone, Shenzhen 
 Telephone: *** 

Recipient: *** 
  

	14.	 Effectiveness, Term and Miscellaneous 

 

	 	14.1	 All written approvals, advices, designations and other decisions of Party A that involve the Agreement and may
materially impact Party B’s day-to-day operations shall be made, given or granted by the board of directors of Party A. 

 

	 	14.2	 The Agreement shall be signed and become effective on the date first above written. Unless being terminated by
Party A in advance, the Agreement shall be valid until it’s cancelled according to laws of People’s Republic of China. If Party A makes a request prior to the expiration of the Agreement, the Parties hereto shall extend the term of the
Agreement upon such request of Party A, and shall sign another business operation agreement or continue to perform the Agreement upon Party A’s request. 

  

	 	14.3	 With the validity period of the Agreement, Party B and Party C shall not terminate the Agreement in advance.
Party A may terminate the Agreement at any time by sending Party B and its shareholders thirty (30) days’ advance written notice. 

  

	 	14.4	 The Parties hereto acknowledge that the Agreement represents fair and reasonable covenants that are entered
into by the Parties hereto on basis of equality and mutual benefits. If any term or provision hereunder is deemed illegal or unenforceable, such term or provision shall be deemed severed from the Agreement and void. The remainder terms shall remain
valid and the Agreement shall be deemed not containing such illegal or unenforceable term in the first place. Such illegal or unenforceable term, which has been deemed severed, shall be replaced with a term that is legal, valid and acceptable to all
Parties hereto through friendly consultation. 

  

	 	14.5	 Failure to enforce any right, power or privilege hereunder shall not constitute a waiver. A single or partial
exercise of any right, power or privilege shall not preclude the exercise of any other or further right, power or privilege. 

  

	 	14.6	 The Agreement is written in Chinese and be executed in eight (8) counterparts, with each party holding one
counterpart. 

 IN WITNESS WHEREOF, the Parties’ respective representatives executed the Agreement on the date first above written.

 [The remainder is intentionally left blank] 

  
 7 

 [This page is only for the purpose of the signature of the Business Operation Agreement.]

 Party A: Beijing uCloudlink Technology Co., Ltd. (Seal) 

Legal or authorized representative: /s/ Wen Gao 
 Name:
Wen Gao 

  
 Signature Page of
Business Operation Agreement 

 [This page is only for the purpose of the signature of the Business Operation Agreement.]

 Party B: Shenzhen uCloudlink Network Technology Co., Ltd. (Seal) 

Legal or authorized representative: /s/ Wen Gao 
 Name:
Wen Gao 

  
 Signature Page of
Business Operation Agreement 

 [This page is only for the purpose of the signature of the Business Operation Agreement.]

 Party C: Beijing uCloudlink New Technology Co., Ltd. 

Legal or authorized representative: /s/ Wen Gao 
 Name:
Wen Gao 

  
 Signature Page of
Business Operation Agreement 

 Attachment: Irrevocable Power of Attorney 

The following parties acknowledge that, for the purpose of performing certain obligations of shareholders (the “Authorizing Persons”) of
Shenzhen uCloudlink New Technology Co., Ltd. (the “Company”), each Authorizing Person hereby grants authorization and signs the Irrevocable Power of Attorney (the “Power of Attorney”): 

Name: Beijing uCloudlink New Technology Co, Ltd. 

Address: No.3861, Three House Cartoon Central Office Area), Middle Street, Xiliu Estate, Three House Township, Chaoyang District, Beijing 

(Beijing uCloudlink New Technology Co, Ltd. is hereinafter referred to as “Authorizing Person”) 

The Authorizing Person, to the fullest extent permitted by law, hereby irrevocably authorizes Beijing uCloudlink Technology Co.,Ltd.
(“WFOE”), or persons designated by WFOE, or authorized representatives of WFOE (“Authorized Person”) to, on behalf of the Authorizing Person, fully exercise the shareholders’ rights that are enjoyed by The
Authorizing Person in proportion to the number of its voting stocks of the Company (“Stocks”), including but not limited to: (1) the right of proposing to convene a shareholders’ meeting, and receiving notices on holding
of shareholders’ meeting and rules of procedures, (2) the right of attending the shareholders’ meeting and signing related resolutions of shareholders’ meeting on behalf of The Authorizing Person, (3) the right of exercising
all shareholders’ rights granted to The Authorizing Person according to laws and articles of association of the Company, including but not limited to voting right, the right of selling, transferring, pledging or disposing of all or part of The
Authorizing Person’s stocks, and the right of deciding on dividends; (4) the right of designating and appointing chairman, directors, supervisors, general managers, chief financial officers and other senior officers of the Company as
authorized representatives of The Authorizing Person, and (5) signing and performing the resolutions and other documents in relation to exercise of the foregoing rights. 

All other powers of attorney issued by The Authorizing Person in relation to the Stocks prior to the signing of the Power of Attorney shall be irrevocably
cancelled, and The Authorizing Person shall hereby undertake not to issue any other power of attorney in relation to the Stocks. The Power of Attorney and the powers, rights or interests granted thereunder in relation to the Stocks are irrevocable.

 The Authorizing Person hereby irrevocably acknowledges and agrees that: 
  

	1.	 Authorized Person may acquire all information related to the Company’s operations, customers, financial
status and personnel, and make inquiries about other related information of the Company, in order to exercise the rights granted to such Authorized Person. 

  

	2.	 The Authorizing Person shall fully assist Authorized Person in duly exercising its granted rights, including
but not limited to signing resolutions of shareholders’ meetings and other related legal documents when necessary (including assistance provided in the process of delivering documents required for government approval, registration and filing).
The Authorizing Person’s commitments in this section shall not limit the authorization it has granted to Authorized Person with respect to the granted rights. 

Attachment: Irrevocable Power of Attorney 

	3.	 The Power of Attorney does not involve any payment. 

Unless otherwise specified hereunder, the Authorized Person may decide to act with respect to The Authorizing Person’s stocks at its own
discretion and do not need any oral or written instructions from The Authorizing Person to do so. All conducts of the Authorized Person and documents signed by the Authorized Person with respect to The Authorizing Person’s stocks shall be
deemed as conducts of The Authorizing Person and documents signed by The Authorizing Person, which are hereby irrevocably acknowledged by The Authorizing Person. In addition, Authorized Person may transfer the authorization granted hereunder to any
other individual or entity designated by the board of directors of WFOE. 
 Unless the Business Operation Agreement signed by the Company,
Authorized Person and The Authorizing Person are terminated in advance, the Power of Attorney shall remain valid within the duration of the Company as of the date of signing the Power of Attorney. If the Authorized Person makes a request upon
expiration of the authorization granted hereunder, The Authorizing Person shall extend the term of the Power of Attorney upon request of the Authorized Person. 

The Power of Attorney is binding upon all senior officers, directors, agents, assignees or successors of The Authorizing Person. 

IN WITNESS WHEREOF, The Authorizing Person executed the Power of Attorney on 27th January,
2015. 
 [The remainder is intentionally left blank, and is only for the purpose of the signature] 

Attachment: Irrevocable Power of Attorney 

 [This page is only for the purpose of the signature of the Irrevocable Power of Attorney]

 Authorizing Person 
 Beijing uCloudlink New
Technology Co., Ltd. 
 Legal or authorized representative: /s/ Wen Gao 

Name: Wen Gao 
 Title: Legal Representative 

Attachment: Irrevocable Power of Attorney 

 [This page is only for the purpose of the signature of the Irrevocable Power of Attorney]

 Authorized Person 
 Beijing uCloudlink Technology
Co., Ltd. (Seal) 
 Legal or authorized representative: /s/ Wen Gao 

Name: Wen Gao 
 Title: Legal Representative 

Attachment: Irrevocable Power of Attorney

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