Document:

EX-4.40

 Exhibit 4.40 
  

 
  

 
 Equity Option
Agreement 
  
  

among 
 Beijing
Chezhiying Technologies Co., Ltd. 
 and 

Beijing Shengtuo Hongyuan Information Technology Co., Ltd. 

and 
 Beijing Autohome
Used Car Brokerage Co., Ltd. 
 September 30, 2016 
  

 

 TABLE OF CONTENTS 

 

							
	 ARTICLE
	  	 	PAGE	 
	1.	  	Definitions And Interpretations	  	 	4	 
			
	2.	  	Purchase and Sale of Equity Interest	  	 	6	 
			
	3.	  	Undertakings	  	 	7	 
			
	4.	  	Representations and Warranties	  	 	12	 
			
	5.	  	Further Warranties	  	 	14	 
			
	6.	  	Term	  	 	14	 
			
	7.	  	Applicable Law and Dispute Resolution	  	 	14	 
			
	8.	  	Confidentiality	  	 	15	 
			
	9.	  	MISCELLANEOUS	  	 	17	 

  
 - 2 - 

 THIS EQUITY OPTION AGREEMENT (Agreement) is entered into on September 30, 2016
in Beijing, People’s Republic of China (PRC). 
 by and among 

(1) Beijing Chezhiying Technologies Co., Ltd., a liability limited company incorporated under the PRC laws with its registered address at
Room1117, F/11, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China (Party A); 
 and 

(2) Beijing Shengtuo Hongyuan Information Technology Co., Ltd., a company duly organized and existing under the PRC laws with its legal address at Room
1005, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China (Party B). 
 and 

(3) Beijing Autohome Used Car Appraisal Co.,Ltd, a company duly organized and existing under the PRC laws with its legal address at Room 201, West 35 Gu Cheng
Xi Street, Shijingshan District, Beijing, China (Party C) 
 (individually a “Party” and collectively the “Parties”) 

Recitals 
  

	A.	Party B holds 100% of the equity interest in Party C. 

  

	B.	Party C is a domestic company duly incorporated and validly existing under the laws of the PRC, which engages in the business of used car appraisal services. 

  
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	C.	On September 30, 2016, an Exclusive Technical Consulting and Services Agreement was entered into between Party A and Party C (Services Agreement), pursuant to which Party C will pay a service fee to
Party A in consideration for services provided by Party A. 

 NOW THEREFORE, the parties agree as follows: 

 

	1.	Definitions And Interpretations 

  

	1.1	Definitions. Unless otherwise provided in this Agreement, the following terms shall have the meanings set forth below: 

 

			
		
	 Designated Person(s)
	  	means 1 or more person(s) designated by Party A;
		
	 Equity Interest
	  	means all of the equity interest held by Party B in Party C;
		
	 Equity Pledge Agreement
	  	means the Equity Interest Pledge Agreement entered into by and among Party A and Party B, dated on September 30, 2016, under which Party B pledges to Party A Party B’s Equity Interest in consideration for Party C’s
performance of its obligations under the Loan Agreement and Services Agreement;

  
 - 4 - 

			
		
	 Notice of Purchase
	  	means the written notice sent by Party A to exercise the Purchase Right (as defined below), as set forth in Article 2.2;
		
	 Person
	  	means a person, corporation, joint venture, partnership, enterprise, trust, or non-corporate entity;
		
	 Purchase Right
	  	means an irrevocable right to purchase, at any time, all or part of the Equity Interest held by Party B at a price equivalent to the lowest price permitted by then-current PRC laws; and
		
	 Security Interest
	  	means any third party’s security, right or interest, any right to purchase Party B’s equity interest in Party C, or any right of acquisition, right of set-off, or other security
arrangement, including any security interest subject to this Agreement, the Equity Pledge Agreement or the Loan Agreement.

  
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	 	1.2	Interpretations. All headings used are for reference purposes only and do not affect the meaning or interpretation of any provision. The use of the plural shall include the use of the singular, and vice versa.
Unless otherwise indicated, a reference to a day, month or year is to a calendar day, month or year. The use of the masculine shall include the use of the feminine, and vice versa. 

 

	2.	Purchase and Sale of Equity Interest 

  

	 	2.1	Authorization. Party B hereby irrevocably grants Party A or its Designated Person(s) the Purchase Right for his Equity Interest. 

 

	 	2.2	Procedures. Upon Party A’s decision to exercise such Purchase Right, it shall send a written Notice of Purchase to Party B setting forth details for the purchase. 

 

	 	2.3	Exercise of Purchase Right. Every time Party A exercises the Purchase Right: 

  

	 	2.3.1	Party B shall supervise and ensure other shareholders of Party C to convene a shareholders meeting, and pass a resolution to transfer the Equity Interest from Party B to Party A and/or the Designated Person;

  

	 	2.3.2	Party B shall, upon the terms and conditions of this Agreement and the Notice of Purchase, enter into all documents requested by Party A; and 

  
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	 	2.3.3	Party B and Party C shall execute all documents, acquire all approvals, and perform all actions necessary to transfer the valid ownership of the Equity Interest to Party A and/or the Designated Person.

  

	 	2.4	Method of Payment. Upon exercise of the Purchase Right by Party A or its Designated Person(s), Party A shall make payment by cancelling all or a portion of the Loan, in the same proportion that Party A or its
Designated Person(s) has acquired the Security Interest. In case PRC laws require Party A or its Designated Person(s) to pay to Party B, Party B shall immediately and unconditionally pay or transfer to Party A any proceeds in whatsoever form
obtained from the Party A or its Designated Person(s) at the time such payables arise, after having deducted and paid any and all relevant taxes and expenses applicable to such a shareholder as a result of his receipt of such proceeds.

  

	3.	Undertakings 

  

	 	3.1	Undertakings of Party C. Party C hereby undertakes that: 

  

	 	3.1.1	it will maintain its corporate existence, operate its business, and transact affairs prudently and efficiently in accordance with good financial and commercial standards and practices; 

  
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	 	3.1.2	without the prior written consent of Party A, it will not sell, assign, mortgage, or otherwise dispose of any legal or beneficiary rights to any of its assets, business, or revenues, or permit the creation of any other
Security Interest over such rights at any time after the execution date of this Agreement; 

  

	 	3.1.3	without the prior written consent of Party A, it will not incur, assume, guarantee or allow the existence of any debts, except for those to which Party A has given its written consent; 

 

	 	3.1.4	it will always operate its business to maintain the value of its assets, and will not do anything which will affect its business situation nor the value of its assets; 

 

	 	3.1.5	without the prior written consent of Party A, it will not enter into any contract at an amount exceedingly higher or outside the ordinary business; 

 

	 	3.1.6	without the prior written consent of Party A, it will not provide any loan to any third party; 

  

	 	3.1.7	at the request of Party A, it will provide to Party A all information relating to its operation and financial conditions; 

  

	 	3.1.8	without the prior written consent of Party A, it will not be consolidated or merged with any third party, nor acquire or invest in any third party; 

  
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	 	3.1.9	it will promptly inform Party A of any existing or threatened litigation, arbitration, or administrative proceedings relating to its assets, business, or revenues; 

 

	 	3.1.10	in order to maintain the ownership of all its assets, it will execute all necessary or appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate charges, and conduct all
necessary or appropriate defenses against all claims; 

  

	 	3.1.11	without the prior written consent of Party A, it will not in any form whatsoever allocate dividends to shareholders; and 

  

	 	3.1.12	if PRC law requires it to be dissolved or liquidated, it shall sell all of its assets to the extent permitted by PRC laws to Party A or another qualifying entity designated by Party A, at the lowest selling price
permitted by applicable PRC law. Any obligation for Party A to pay Party C as a result of such transaction shall be forgiven by Party C or any proceeds from such transaction shall be paid to Party A in partial satisfaction of the service fee under
the Services Agreement or remitted to Party A or the qualifying entity designated by Party A, as applicable under then-current PRC laws. 

  

	 	3.2	Undertakings of Party B. Party B undertakes on his own behalf that: 

  

	 	3.2.1	without the prior written consent of Party A, he will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any legal or beneficiary rights to the Equity Interest, or permit the creation
of any other Security Interest over such rights at any time, except for the pledge under the Equity Pledge Agreement; 

  
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	 	3.2.2	without the prior written consent of Party A, he will not vote in favor of, endorse, or sign any shareholders resolution approving the sale, assignment, mortgage, or other disposal of the legal or beneficiary rights of
any shareholder or allowing the creation of any other Security Interest over such rights at the shareholders meeting of Party C; 

  

	 	3.2.3	without the prior written consent of Party A, he will not vote in favor of, endorse, or sign any shareholders resolution approving the consolidation or merger of Party C with any third party or the acquisition of or
investment in any third party by Party C at the shareholders meeting of Party C; 

  

	 	3.2.4	he will promptly inform Party A of any existing or threatened litigation, arbitration, or administrative proceedings relating to the Equity Interest; 

 

	 	3.2.5	at the request of Party A, he will cause the shareholders meeting of Party C to vote in favor of the transfer of the Equity Interest as contemplated hereunder; 

 

	 	3.2.6	in order to maintain his ownership of the Equity Interest, he will execute all necessary or appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate charges, or conduct all
necessary or appropriate defenses against all claims; 

  
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	 	3.2.7	at the request of Party A, he will appoint the person nominated by Party A as the director of, or to hold any other position in, Party C; 

 

	 	3.2.8	at the request of Party A, he will immediately transfer the requested Equity Interest to the Designated Person(s); 

  

	 	3.2.9	he will strictly comply with the provisions of this Agreement and any other contracts entered into jointly or separately by the parties hereto, strictly perform the obligations under such contracts, and will not do
anything which will affect the validity and enforceability of such contracts; 

  

	 	3.2.10	he shall not put forward, or vote in favor of, any shareholder resolution to, or otherwise request Party C to, issue any dividends or other distributions with respect to his equity interest in Party C; provided,
however, in the event that he receives any profit, bonus, distribution or dividend from Party C, he shall, as permitted under PRC laws, immediately pay or transfer such profit, bonus, distribution or dividend to Party A or to any party designated by
Party A in order to 1) first, to repay in part the Loan payable under the Loan Agreement; and 2) then, if there is any profit, bonus, distribution or dividend amount remaining, to pay in part the service fee under the Services Agreement on behalf of
Party C; and 

  
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	 	3.2.11	after mandatory liquidation described in 3.1.12 above, he will remit in full to the Party A any residual interest he receives in a nonreciprocal transfer or cause it happen. If such transfer is prohibited by PRC law, he
will remit the proceeds to Party A or its Designated Person(s) in a manner permitted under PRC law 

  

	4.	Representations and Warranties 

  

	 	4.1	Representations and Warranties of Party B. Party B hereby represents and warrants on his own behalf to Party A that as of the date of this Agreement: 

 

	 	4.1.1	he has the power and right to sign, deliver, and perform his obligations under this Agreement, and that the said documents shall constitute his legal, valid, and binding obligations enforceable in accordance with their
terms; 

  

	 	4.1.2	the execution and delivery of this Agreement or any other contracts, and the performance of his obligations thereunder, will not violate PRC law, breach or result in a default of any contract or instrument to which he
is subject, or result in a breach, suspension, or revocation of any grant, license, or approval or result in the imposition of any additional conditions being imposed thereon; and 

  
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	 	4.1.3	he is the lawful owner of the Equity Interest held by himself and has not created any Security Interest over such Equity Interest other than the Equity Pledge Agreement. 

 

	 	4.2	Representations and Warranties of Party C. Party C represents and warrants to Party A that:  

  

	 	4.2.1	it has the power and right to sign, deliver, and perform its obligations under this Agreement, and said documents shall constitute its legal, valid, and binding obligations enforceable in accordance with their terms;

  

	 	4.2.2	the execution and delivery, of this Agreement or any other contracts, and the performance of its obligations thereunder, will not violate PRC law, conflict with its Articles of Association or other constituent
documents, breach or result in a default of any contract or instrument to which it is subject, or result in a breach, suspension, or revocation of any grant, license, or approval or result in the imposition of any additional conditions being imposed
thereon; 

  

	 	4.2.3	it is the lawful owner of its assets, and has not created any Security Interest over such assets; 

  

	 	4.2.4	it does not have any outstanding debts other than those incurred in the ordinary course of business and which have been disclosed to Party A; 

 

	 	4.2.5	it will comply with all PRC law applicable to the acquisition of assets; and 

  
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	 	4.2.6	there is no existing, pending or threatened litigation, arbitration, or administrative proceedings relating to the Equity Interest, its assets, or itself. 

 

	5.	Further Warranties 

 The parties to the agreement agree to promptly execute documents reasonably
requisite to the performance of the provisions and the aim of this Agreement or documents beneficial to it, and to take actions reasonably requisite to the performance of the provisions and the aim of this Agreement or actions beneficial to it. 

 

	6.	Term 

 This Agreement shall take effect as of the Effective Date and shall remain in full force and
effect until the earlier of (1) the date on which all of the Equity Interests have been acquired by Party A directly or through its Designated Person(s); or (2) the unilateral termination by Party A (at its sole and absolute discretion),
by giving 30 days prior written notice to the Party B of its intention to terminate this Agreement. 
  

	7.	Applicable Law and Dispute Resolution 

  

	 	7.1	Governing Law. This Agreement shall be governed by and construed in accordance with PRC law. 

  
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	 	7.2	Consultation and Mediation. If any dispute arises in connection with this Agreement, the parties shall attempt in the first instance to resolve such dispute through friendly consultation or mediation.

  

	 	7.3	Arbitration. Any dispute, controversy or claim arising out of or in connection with this Agreement shall be submitted to the China International Economic and Trade Arbitration Commission (CIETAC) for
arbitration, which shall be conducted in accordance with the CIETAC’s rules in effect at the time of applying for arbitration. The place of arbitration shall be Beijing. The language of the arbitration shall be Chinese. The tribunal shall
consist of 3 arbitrators. The arbitral award is final and binding upon the parties. The cost of arbitration shall be allocated as determined by the arbitrators. 

  

	8.	Confidentiality 

  

	 	8.1	Confidentiality Obligations. The parties shall protect and maintain the confidentiality of all Confidential Information. Without the prior written consent of the other parties, no party shall disclose any
Confidential Information to any third party unless the disclosure is required by law or by enforceable orders of the court or related government departments. Under such circumstances, the party required to disclose the Confidential Information shall
notify the other parties immediately, take all possible measures to minimize the disclosure, and notify the persons to whom information is being disclosed of the confidentiality obligation. 

  
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	 	8.2	Obligations upon Termination. Upon termination of this Agreement, each party shall, at the request of the other parties, return any document, material, database, equipment, or software containing the Confidential
Information to the other parties. If, for any reason, such document, material, database, equipment, or software cannot be returned, the parties shall destroy all the Confidential Information and delete the Confidential Information from any memory
devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement. 

  

	 	8.3	No Time Limit. There is no time limit to the confidentiality obligations stipulated in this Article, which obligations will survive after the termination of this Agreement unless the Confidential Information is
disclosed to the public for reasons not due to the breach of this Agreement by any party. 

  
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	9.	MISCELLANEOUS 

  

	 	9.1	Notices. All notices or other communications sent by either party shall be written in English or Chinese, and delivered in person, by mail, or telecopy, to the other party at the following addresses. The date at
which the communication shall be deemed to be duly given or made shall be confirmed as follows: (a) for notices delivered in person, the date of delivery shall be deemed as having been duly given or made; (b) for notices delivered by mail,
the 10th day of the delivery date of air certified mail with postage prepaid (as shown on stamp) or the 4th day of the delivery date to an internationally certified delivery institution shall be deemed as having been duly given or made; and
(c) for notices by telecopy, the receipt date showed on the delivery confirming paper of the relevant document shall be deemed as having been duly given or made. 

 

			
	 Party A:
	 	Beijing Chezhiying Technologies Co., Ltd.
	 Address:
	 	 Room 1117, F/11, Tower B, No. 3, Danling Street,

Haidian District, Beijing 100080, China

	 Tel:
	 	+86 10 59857001
	 Attn:
	 	Lu Min
		
	 Party B:
	 	 Beijing Shengtuo Hongyuan Information

Technology Co., Ltd.

	 Address:
	 	 Room 1005, Tower B, No. 3, Danling Street,

Haidian District, Beijing 100080, China

	 Tel:
	 	+86-10-59857000
	 Attn:
	 	Lu Min
		
	 Party C:
	 	 Beijing Autohome Used Car Brokerage Co., Ltd.

	 Address:
	 	 No.101 Oudebao Vehicles Trading Market,

Huilongguan, Changping District, Beijing, China

	 Tel:
	 	86-10-59857002
	 Attn:
	 	 Lu Min

  
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	 	9.2	Entire Agreement. This Agreement, the Services Agreement, the Loan Agreement, the Equity Pledge Agreement, and the power of attorney from Party B in favor of Party A shall constitute the entire agreement among
the parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements related thereto. 

  

	 	9.3	Amendment. Without the prior written consent of Party A, neither of Party B or Party C of this Agreement shall be entitled to amend this Agreement. If required by law, the parties shall obtain all requisite
approvals from the relevant authorities to give effect to the amendment. 

  

	 	9.4	No Waiver. Unless otherwise agreed upon by the parties in writing, any failure or delay on the part of any party to exercise any right, authority or privilege under this Agreement, or under any other agreement
relating hereto, shall not operate as a waiver thereof; nor shall any single or partial exercise of any right, authority or privilege preclude any other future exercise thereof. 

 

	 	9.5	Severability. The provisions of this agreement are severable from each other. The invalidity of any provision of this agreement shall not affect the validity or enforceability of any other provision of this
agreement. 

  
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	 	9.6	Successors. This Agreement shall be valid and binding on the parties, their successors and permitted assigns. 

  

	 	9.7	Assignment. Party A may transfer or assign any or all of its rights and obligations under this Agreement to any of its designated parties (natural person or legal entity) at any time. In such circumstances, the
transferee or assignee shall enjoy and undertake the same rights and obligations herein of Party A as if the transferee or assignee is Party A hereunder. When Party A transfers or assigns the rights and obligations under this Agreement, at the
request of Party A, Party B shall execute the relevant agreements and/or documents with respect to such transfer or assignment. Party B and Party C shall not assign any of its rights or obligations hereunder without the prior written consent of the
Party A. 

  

	 	9.8	Language and Counterparts. This Agreement is prepared in 3 sets of originals in both English and Chinese. Each party shall hold 1 set. Chinese articles shall prevail over English articles in case of
any inconsistency. 

  
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 IN WITNESS WHEREOF the parties hereof have caused this Agreement to be executed by their duly authorized
representatives as of the date first written above. 
 Party A: Beijing Chezhiying Technologies Co., Ltd. 

Company Seal: (seal) 
 Party B: Beijing Shengtuo Hongyuan
Information Technology Co., Ltd. 
 Company Seal: (seal) 

Party C: Beijing Autohome Used Car Brokerage Co., Ltd. 

Company Seal: (seal) 

  
 - 20 -EX-4.41

 Exhibit 4.41 

 
  

Equity Interest Pledge Agreement 
  

 
 between

 Beijing Cheerbright Technologies Co., Ltd. 

and 
 Lu Min 

Date: March 25, 2017 

 TABLE OF CONTENTS 

 

							
	ARTICLE	  	PAGE	 
	1.	 	Definitions	  	 	5	 
	2.	 	Pledge	  	 	6	 
	3.	 	Effectiveness of Pledge, Scope and Term	  	 	8	 
	4.	 	Representations and Warranties of the Pledgor	  	 	9	 
	5.	 	Covenants of the Pledgor	  	 	10	 
	6.	 	Events of Default	  	 	12	 
	7.	 	Exercise of the Rights of the Pledge	  	 	14	 
	8.	 	Transfer or Assignment	  	 	15	 
	9.	 	Termination	  	 	16	 
	10.	 	Force Majeure	  	 	16	 
	11.	 	Applicable Law and Dispute Resolution	  	 	17	 
	12.	 	Notice	  	 	18	 
	13.	 	Appendices	  	 	18	 
	14.	 	Waiver	  	 	18	 
	15.	 	Miscellaneous	  	 	19	 

  

					
	 Equity Interest Pledge Agreement
	 	- 2 -	 	 

 This Equity Interest Pledge Agreement (this “Agreement”) is entered in Beijing, the
People’s Republic of China (“PRC”, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan, for the purposes of this Agreement) and dated on March 25, 2017 by and among the
following parties: 
 PLEDGEE: Beijing Cheerbright Technologies Co., Ltd., a wholly foreign owned enterprise duly incorporated and
validly existing under the laws of the PRC, with its registered address at 1010, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China. 

and 
 PLEDGOR: Lu Min, a PRC citizen,
holder of identification card number ******************, whose residential address is at Room 901, No. 6, Dehua Street, Xingang West Road, Haizhu District, Guangzhou. 

(individually a “Party” and collectively the “Parties”) 

WHEREAS: 
  

	A.	Pledgor is a PRC citizen, and holds 50% of the equity interest of Beijing Autohome Information Technology Co., Ltd. (“Autohome Information”). 

 

	B.	Autohome Information is a limited liability company registered in Beijing, which engages in the business of Internet information services and operates the website www.autohome.com.cn. 

  

					
	 Equity Interest Pledge Agreement
	 	- 3 -	 	 

	C.	The Pledgor and the Pledgee entered into a Loan Agreement (“Loan Agreement”) on March 25, 2017, pursuant to which the Pledgee extended a loan in the amount of RMB 5,000,000 (the
“Loan”) to the Pledgor. 

  

	D.	The Pledgee, a wholly foreign-owned company registered in Beijing, PRC, and has been licensed by the relevant PRC government authority to carry on the business of technology-related research and development, website
design, transfer of technology, technology training and consulting, and the sale of its own products. The Pledgee and Autohome Information entered into an Exclusive Technical and Consulting Services Agreement on March 25, 2017, pursuant to
which Autohome Information is required to pay service fees (the “Service Fees”) to the Pledgee in consideration for the corresponding services to be provided by the Pledgee (the “Services Agreement”).

  

	E.	Simultaneous with the execution of this Agreement, the Pledgor has also entered into an Equity Option Agreement with the Pledgee, pursuant to which the Pledgor grants to the Pledgee an exclusive right to purchase the
Equity Interest (as defined below) at any time upon satisfaction of various requirements under PRC law (the “Option Agreement”). 

  

					
	 Equity Interest Pledge Agreement
	 	- 4 -	 	 

	F.	In order to ensure that (i) the Pledgor repay the Loan under the Loan Agreement; (ii) the Pledgee collects Service Fees under the Services Agreement from Autohome Information, (iii) the Pledgor’s
other obligations under the Option Agreement are fulfilled, and (iv) all other debts, monetary liabilities or other payment obligations owed to the Pledgee by the Pledgor and/or Autohome Information, arising under or in relation to the Services
Agreement or the Loan Agreement including, but not limited to, any obligation to pay damages for a breach of any obligation of the Pledgor or Autohome Information under the Loan Agreement or the Services Agreement (as applicable), are paid, the
Pledgor is willing to pledge all the Equity Interest (as defined below,) i.e. the 50% equity interest of Autohome Information, equivalent to a contribution of RMB5,000,000, to the Pledgee as security for the above-mentioned obligations of the
Pledgor and Autohome Information (collectively, the “Secured Obligations”). 

 In order to set forth each Party’s rights
and obligations, the Pledgee and the Pledgor through mutual negotiations hereby enter into this Agreement based upon the following terms: 
  

	1.	Definitions 

 Unless otherwise provided in this Agreement, the following terms
shall have the following meanings: 
  

	 	1.1	“Pledge” means the full content of Section 2 hereunder. 

  

	 	1.2	“Equity Interest” means all the equity interests in Autohome Information held by the Pledgor (including all present and future rights and benefits based on such equity interests), and any additional
equity interests in Autohome Information acquired by such Pledgor subsequent to the date hereof. For the avoidance of any doubt, on the date hereof, the Pledgor holds a 50% equity interest (equivalent to a contribution of RMB5,000,000) in Autohome
Information. 

  

	 	1.3	“Event of Default” means any event in accordance with Section 6 hereunder. 

  

	 	1.4	“Notice of Default” means the notice of default issued by the Pledgee in accordance with this Agreement. 

  

					
	 Equity Interest Pledge Agreement
	 	- 5 -	 	 

	 	1.5	“Effective Date” This Agreement shall be effective upon its being signed by the Parties hereunder. Notwithstanding the foregoing, the Pledge (as defined in Section 2.1) shall only come into effect
in accordance with Section 3 of this Agreement. 

  

	2.	Pledge 

  

	 	2.1	The Pledgor hereby pledges, and if required, transfers and assigns the Equity Interest to the Pledgee as security for all of the Secured Obligations (the “Pledge”) of an amount up to the Maximum Amount
(as defined below), and grant a first priority security interest in all rights, titles and interests that he has or may at any time hereafter acquire in and to the Equity Interest, together with all equity or other ownership interests representing a
dividend on the Equity Interest, a distribution or return of capital upon or in respect of such Equity Interest, any subscription, first refusal, pre-emptive or other purchase rights with respect to or arising
from such Equity Interest, any voting rights with respect to such Equity Interest or any other interest in Autohome Information which, by reason of notice or lapse of time or the occurrence of other events, may be converted into a direct equity
interest in Autohome Information, and all proceeds of the foregoing (collectively, the “Pledged Collateral”). 

  

					
	 Equity Interest Pledge Agreement
	 	- 6 -	 	 

	 	2.1.1	The Parties understand and agree that the monetary valuation arising from, relating to or in connection with the Secured Obligations shall be a variable and floating valuation until the Settlement Date (as defined
below). Therefore, based on the reasonable assessment and evaluation by the Pledgor and the Pledgee of the Secured Obligations and the Pledged Collateral, the Pledgor and the Pledgee mutually acknowledge and agree that the Pledge shall aggregately
secure the Secured Obligations for a maximum amount of RMB 5,000,000.00 (the “Maximum Amount”) prior to the Settlement Date.  

  

	 	    	The Pledgor and the Pledgee may, taking into account the fluctuation in the monetary value of the Secured Obligations and the Pledged Collateral, adjust the Maximum Amount based on mutual agreement by amending and
supplementing this Agreement, from time to time, prior to the Settlement Date. 

  

	 	2.1.2	Upon the occurrence of any of the events below (each an “Event of Settlement”), the Secured Obligations shall be fixed at a value of the sum of all Secured Obligations that are due, outstanding and payable to
the Pledgee on or immediately prior to the date of such occurrence (the “Fixed Obligations”): 

  

	 	(a)	any or all of the Loan Agreement, Services Agreement or the Option Agreements expires or is terminated pursuant to the stipulations thereunder; 

 

	 	(b)	the occurrence of an Event of Default pursuant to Section 6 that is not resolved, which results in the Pledgee serving a Notice of Default to the Pledgor pursuant to Section 6.3; 

 

	 	(c)	the Pledgee reasonably determines (having made due enquiries) that any of the Pledgor and/or Autohome Information is insolvent or could potentially be made insolvent; or 

 

	 	(d)	any other event that requires the settlement of the Secured Obligations in accordance with relevant laws of the PRC. 

  

					
	 Equity Interest Pledge Agreement
	 	- 7 -	 	 

	 	2.2	For the avoidance of doubt, the day of the occurrence of an Event of Settlement shall be the settlement date (the “Settlement Date”). On or after the Settlement Date, the Pledgee shall be entitled, at the
election of the Pledgee, to enforce the Pledge in accordance with Section 7. 

  

	 	2.3	The Pledgee is entitled to collect any and all dividends or other distributions, if any, arising from the Equity Interest during the Term of the Pledge (as defined below). 

 

	3.	Effectiveness of Pledge, Scope and Term 

  

	 	3.1	The Pledgor shall, immediately after the execution of this Agreement, register this Agreement and the Pledge hereunder with the State Administration for Industry and Commerce of the PRC or its competent local
counterpart (the “AIC”). The Pledgor shall deliver to the Pledgee a copy of the registration or filing certificate from the AIC within 7 days from the date of submission of the application for registration of this Agreement and Pledge with
the AIC. 

  

	 	3.2	The Pledge shall be effective upon the registration of the Pledge with the AIC in accordance with Section 3.1 above. The term of the Pledge shall commence on the date when the Pledge is registered with the AIC and
shall expire on the earlier of (a) the date on which all outstanding Secured Obligations are paid in full or otherwise satisfied (as applicable) or (b) the Pledgee enforces the Pledge pursuant to the terms and conditions hereof, to satisfy
its rights under the Secured Obligations and Pledged Collateral in full or (c) the Pledgor completes her transfer of the Equity Interest to another party (individual or legal entity) pursuant to the Option Agreement and no longer holds any
equity interest in Autohome Information (the “Term of the Pledge”). 

  

					
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	 	- 8 -	 	 

	4.	Representations and Warranties of the Pledgor 

 The Pledgor hereby makes the
following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 
  

	 	4.1	The Pledgor is the legal owner of the Equity Interest that has been registered in his name, and is entitled to create a pledge on such Equity Interest. 

 

	 	4.2	None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 

 

	 	4.3	The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 

  

	 	4.4	All necessary authorizations have been obtained for the execution and performance of this Agreement by the Pledgor and the execution and performance of this Agreement by the Pledgor does not violate any applicable laws
or regulations. The Pledgor who signs this Agreement is lawfully and effectively authorized. 

  

	 	4.5	The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not
aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 

  

					
	 Equity Interest Pledge Agreement
	 	- 9 -	 	 

	 	4.6	There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 

  

	 	4.7	Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties. 

  

	5.	Covenants of the Pledgor 

  

	 	5.1	The Pledgor covenants to the Pledgee that he shall: 

  

	 	5.1.1	not transfer or assign the Equity Interest, or create or permit to be created any pledge, lien, charge, mortgage, encumbrance, option, security or other interest in or over the Equity Interest that has been registered
in his name, other than the Pledge created hereunder and the option granted under the Option Agreement, without the prior written consent from the Pledgee; 

  

	 	5.1.2	comply with and implement laws and regulations with respect to the pledge of rights, present to the Pledgee the notices, orders or suggestions with respect to the Pledge issued or made by the competent authority within
5 days upon receiving such notices, orders or suggestions and take actions in accordance with the reasonable instructions of the Pledgee; and 

  

					
	 Equity Interest Pledge Agreement
	 	- 10 -	 	 

	 	5.1.3	timely notify the Pledgee of any event or any received notice (i) which may affect the Equity Interest or any part of the Pledgee’s rights, (ii) which may change the Pledgor’s covenants or
obligations under this Agreement or (iii) which may affect the Pledgor’s performance of his obligations under this Agreement, and take actions in accordance with the reasonable instructions of the Pledgee. 

 

	 	5.2	The Pledgor covenants that the Pledgee’s right of exercising the Pledge under this Agreement shall not be suspended or hampered by the Pledgor or any successor of the Pledgor or any person authorized by the
Pledgor. 

  

	 	5.3	The Pledgor jointly and severally covenants to the Pledgee that in order to protect or perfect the security over the Secured Obligations, the Pledgor shall (i) execute in good faith and cause other parties who have
interests in the Pledge to execute all the forms, instruments, agreements (including those required for the registration and de-registration of the Pledge with the AIC), and/or (ii) take actions and cause
other parties who have interests in the Pledge to take actions as required by the Pledgee and (iii) allow the Pledgee to exercise the rights and authorization vested in the Pledgee under this Agreement. 

 

	 	5.4	The Pledgor agrees to promptly make or cause to be made any filings or records, give or cause to be given any notice and take or cause to be taken any other action as may be necessary under the laws of the PRC, to
perfect the Pledge of the Pledged Collateral, including the AIC registration set forth in Section 3.1. 

  

	 	5.5	The Pledgor covenants to the Pledgee that he will comply with and perform all the guarantees, covenants, agreements, representations and conditions for the benefits of the Pledgee. The Pledgor shall compensate for all
the losses suffered by the Pledgee for such Pledgor’s failure to perform or fully perform his guarantees, covenants, agreements, representations or conditions. 

  

					
	 Equity Interest Pledge Agreement
	 	- 11 -	 	 

	6.	Events of Default 

  

	 	6.1	Each of the following shall constitute an Event of Default: 

  

	 	6.1.1	Autohome Information or the Pledgor fails to make full and timely payment of any amounts due under the Secured Obligations as required under the Services Agreement, Loan Agreement or Option Agreement, or an event of
default as defined and stipulated in those agreements has occurred and is continuing; 

  

	 	6.1.2	the Pledgor makes or has made any inaccurate, incomplete, misleading or untrue representation or warranty under Section 4, or is in violation or breach of any of the representations and warranties under
Section 4; 

  

	 	6.1.3	the Pledgor breaches any of the covenants under Section 5; 

  

	 	6.1.4	the Pledgor breaches any other covenant, undertaking or obligation of the Pledgor set forth herein; 

  

	 	6.1.5	the Pledgor is unable to perform its obligations under this Agreement due to the separation or merger of Autohome Information with other third parties or for any other reason; 

 

	 	6.1.6	the Pledgor relinquishes all or any part of the Pledged Collateral or transfers or assigns all or any part of the Pledged Collateral without the prior written consent of the Pledgee (except the transfers or assigns
permitted under the Option Agreement); 

  

					
	 Equity Interest Pledge Agreement
	 	- 12 -	 	 

	 	6.1.7	any indebtedness, guarantee or other obligation of the Pledgor, whether pursuant to a contract or otherwise, (i) is accelerated as a result of a default thereunder and is required to be repaid or performed prior to
the due date; or (ii) has become due and is not repaid or performed when due which, in the Pledgee’s reasonable view, has materially adversely affected the Pledgor’s ability to perform his obligations under this Agreement;

  

	 	6.1.8	this Agreement is illegal as a result of any applicable laws or the Pledgor is restricted from continuing to perform his obligations under this Agreement; 

 

	 	6.1.9	any approval, permit, license or authorization from any applicable governmental entity (or registration or filing procedure) required for Autohome Information to provide internet value-added telecommunication service in
the PRC is withdrawn, suspended, invalidated or materially amended; 

  

	 	6.1.10	any approval, permit, license or authorization from any applicable government authority required to perform this Agreement or make this Agreement enforceable, legal and valid is withdrawn, suspended, invalidated or
materially amended; or 

  

	 	6.1.11	any property owned by the Pledgor is altered or damaged which, in the Pledgee’s reasonable view, has materially adversely affected the Pledgor’s ability to perform his obligations under this Agreement.

  

					
	 Equity Interest Pledge Agreement
	 	- 13 -	 	 

	 	6.2	The Pledgor shall immediately give a written notice to the Pledgee if the Pledgor is aware or find that any event set forth in Section 6.1 or any event that may result in the foregoing events have occurred or are
occurring. 

  

	 	6.3	Unless an Event of Default set forth in Section 6.1 has been rectified to the Pledgee’s satisfaction, the Pledgee, at any time the event of default occurs or thereafter, may give a written notice of default to
the Pledgor, and require the Pledgor, at the discretion of the Pledgee, to immediately make full payment of the outstanding amounts payable under the Loan Agreement, Services Agreement, and/or Option Agreements, and other payables, or dispose of the
Pledge in accordance with Section 7 herein. 

  

	7.	Exercise of the Rights of the Pledge 

  

	 	7.1	The Pledgor shall not transfer or assign the Pledge without prior written approval from the Pledgee prior to the full settlement and fulfillment of the Secured Obligations. 

 

	 	7.2	The Pledgee shall give a notice of default to the Pledgor when the Pledgee exercises the rights of Pledge. 

  

	 	7.3	Subject to Section 6.3, the Pledgee may exercise the right to dispose of the Pledge at any time when the Pledgee gives a notice of default in accordance with Section 6.3 or thereafter. 

  

					
	 Equity Interest Pledge Agreement
	 	- 14 -	 	 

	 	7.4	The Pledgee is entitled to have priority in receiving payment by the evaluation or proceeds from the auction or sale of whole or part of the Pledged Collateral in accordance with legal procedures until the outstanding
Secured Obligation or other monetary obligations payable by the Pledgor and/or Autohome Information is fully paid, repaid or otherwise settled. 

  

	 	7.5	The Pledgor shall not hinder the Pledgee from disposing the Pledge in accordance with this Agreement and shall give necessary assistance so that the Pledgee could realize his Pledge. 

 

	8.	Transfer or Assignment 

  

	 	8.1	The Pledgor shall not donate or transfer his rights and obligations herein to any third party without prior written consent from the Pledgee. 

 

	 	8.2	This Agreement shall be binding upon the Pledgor and his successors and be effective to the Pledgee and his each successor and assignee. 

 

	 	8.3	The Pledgee may transfer or assign all Secured Obligations and its right to the Pledge to any third party at any time. In this case, the assignee shall enjoy and undertake the same rights and obligations herein of the
Pledgee as if the assignee is a party hereto. When the Pledgee transfers or assigns the Secured Obligations and its rights to the Pledge, at the request of the Pledgee, the Pledgor shall execute the relevant agreements and/or documents with respect
to such transfer or assignment. 

  

	 	8.4	After a change to the Pledgee resulting from a transfer or an assignment, the new parties to the pledge shall re-execute a pledge contract. 

  

					
	 Equity Interest Pledge Agreement
	 	- 15 -	 	 

	9.	Termination 

 This Agreement shall not terminate until the Term of the Pledge
expires pursuant to Section 3 herein. 
  

	10.	Force Majeure 

  

	 	10.1	If this Agreement is delayed in or prevented from performing in the Event of Force Majeure (“Event of Force Majeure”), only within the limitation of such delay or prevention, the affected Party is
absolved from any liability under this Agreement. Force Majeure, which includes acts of governments, acts of nature, fire, explosion, geographic change, flood, earthquake, tide, lightning, war, means any unforeseen events beyond the prevented
Party’s reasonable control and cannot be prevented with reasonable care. However, any shortage of credit, capital or finance shall not be regarded as an event beyond a Party’s reasonable control. The Party affected by Force Majeure who
claims for exemption from performing any obligations under this Agreement or under any Section herein shall notify the other party of such exemption promptly and advise him/her of the steps to be taken for completion of the performance.

  

	 	10.2	The Party affected by Force Majeure shall not assume any liability under this Agreement. However, subject to the Party affected by Force Majeure having taken its reasonable and practicable efforts to perform this
Agreement, the Party claiming for exemption of the liabilities may only be exempted from performing such liability as within limitation of the part performance delayed or prevented by Force Majeure. Once causes for such exemption of liabilities are
rectified and remedied, both parties agree to resume performance of this Agreement with their best efforts. 

  

					
	 Equity Interest Pledge Agreement
	 	- 16 -	 	 

	11.	Applicable Law and Dispute Resolution 

  

	 	11.1	The execution, validity, performance and interpretation of this Agreement shall be governed by and construed in accordance with the laws of the PRC. 

 

	 	11.2	The Parties shall strive to settle any dispute arising from the interpretation or performance through friendly consultation. In case no settlement can be reached through consultation, each party can submit such matter
to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration. The arbitration shall follow the then current rules of CIETAC, and the arbitration proceedings shall be conducted in Chinese and shall take
place in Beijing. The arbitration award shall be final and binding upon the Parties. This article shall not be affected by the termination or elimination of this Agreement. 

 

	 	11.3	In case of any dispute arising out of the interpretation and performance of this Agreement or any pending arbitration of such dispute, each Party shall continue to perform their obligations under this Agreement, except
for the matters in dispute. 

  

					
	 Equity Interest Pledge Agreement
	 	- 17 -	 	 

	12.	Notice 

 Any notice or correspondence, which is given by the Party as stipulated
hereunder, shall be in Chinese and English writing and shall be delivered in person or by registered or prepaid mail or recognized express service, or be transmitted by telex or facsimile to the following addresses: 

 

					
	Pledgee	  	:	  	Beijing Cheerbright Technologies Co., Ltd.
	Address	  	:	  	1010, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China
	Fax	  	:	  	010-59857387
	Tele	  	:	  	010-59857001
	Addressee	  	:	  	Lu Min
			
	Pledgor    	  	:	  	Lu Min
	Address	  	:	  	Room 901, No. 6, Dehua Street, Xingang West Road, Haizhu District, Guangzhou
	Tel	  	:	  	+*************
	Addressee	  	:	  	Lu Min

  

	13.	Appendices 

 The appendices to this Agreement constitute an integral part of this
Agreement. 
  

	14.	Waiver 

 The Pledgee’s non-exercise
or delay in exercise of any rights, remedies, power or privileges hereunder shall not be deemed as the waiver of such rights, remedies, power or privileges. Any single or partial exercise of the rights, remedies, power and privileges shall not
exclude the Pledgee from exercising any other rights, remedies, power and privileges. The rights, remedies, power and privileges hereunder are accumulative and shall not exclude the application of any other rights, remedies, power and privileges
stipulated by laws. 

  

					
	 Equity Interest Pledge Agreement
	 	- 18 -	 	 

	15.	Miscellaneous 

  

	 	15.1	Any amendments, modifications or supplements to this Agreement shall be in writing and come into effect upon being executed and sealed by the Parties hereto. 

 

	 	15.2	In case any terms and stipulations in this Agreement are regarded as illegal or can not be performed in accordance with the applicable law, such terms and stipulations shall be deemed to ineffective and not enforceable
within the scope governed by the applicable law, and the remaining stipulations will remain effective. 

  

	 	15.3	This Agreement, the Services Agreement, the Equity Option Agreement, the Loan Agreement and the Power of Attorney from the Pledgor to the Pledgee in favor of the Pledgee shall constitute the entire agreement among the
parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements related thereto. 

  

	 	15.4	This Agreement is prepared in both English and Chinese. This Agreement shall be executed in 2 originals, with 1 original copy for each party. Chinese articles shall prevail over English articles in case of any
inconsistency. 

  

					
	 Equity Interest Pledge Agreement
	 	- 19 -	 	 

			
	PLEDGEE: Beijing Cheerbright Technologies Co., Ltd.
	
	 /s/ Lu Min

	Authorized Representative: / Lu Min/
	
	PLEDGOR: Lu Min
	
	 /s/ Lu Min

	By: Lu Min

  

					
	 Equity Interest Pledge Agreement
	 	- 20 -	 	 

 Beijing Autohome Information Technology Co., Ltd. Shareholder List 

(As of March 25, 2017, Registered Capital is RMB10,000,000, all of which has been paid in.) 

 

													
	 No.
	  	 Name

of

Share
holder
	  	 ID Card Number
	  	 Address
	  	 Contribution

(percentage)
	  	 Form of
Contribution
	  	 Pledge

	1	  	Lu Min	  	******************	  	Room 901, No. 6, Dehua Street, Xingang West Road, Haizhu District, Guangzhou	  	RMB5,000,000 (50%)	  	currency	  	The contribution of 5,000,000 has been pledged to Beijing Cheerbright Technologies Co., Ltd on March 25, 2017.
							
	2	  	 Lei

Haiyun
	  	******************	  	Room 202, No. 32, 1800 Dongfang Road, Pudong District, Shanghai	  	RMB5,000,000 (50%)	  	currency	  	The contribution of 5,000,000 has been pledged to Beijing Cheerbright Technologies Co., Ltd on March 25, 2017.

  

					
	 Equity Interest Pledge Agreement
	 	- 21 -	 	 

 
					
	Beijing Autohome Information Technology Co., Ltd
	(seal)
			
	Signature	 	:	 	 /s/ Lu Min

	Name	 	:	 	/Lu Min/
	Title	 	:	 	Legal representative
	Date	 	:	 	March 25, 2017

  

					
	 Equity Interest Pledge Agreement
	 	- 22 -

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