Document:

EX-4.25

 Exhibit 4.25 

Execution Version 
  

 
 Loan Agreement 

Between 
 Guangzhou
Kuntu Technology Co., Ltd. 
 And 

Guangzhou Xiaopeng Motors Technology Co., Ltd. 

August 12, 2021 
  

 

  
 1 

 Loan Agreement 

This loan agreement (“Agreement”) is made by the following parties on August 12, 2021 (“Execution Date”): 

 

	1.	 Guangzhou Kuntu Technology Co., Ltd. (“Borrower”) 

Registered address: Room 306 (office-used only), No. 8 Songgang Street, Cencun, Changxing Avenue, Tianhe District, Guangzhou 

Legal Representative: Li Chuxu. 
  

	2.	 Guangzhou Xiaopeng Motors Technology Co., Ltd.(“Lender”). 

Registered address: Room 245, No. 333 Jiufojianshe Street, Zhongxinguangzhou Knowledge City, Guangzhou 

Legal representative: Xia Heng 
 Each of the
above parties is hereinafter referred to individually as a “Party”, and collectively as the “Parties”. 
 Whereas,

  

	1.	 The Borrower intends to use the Loan (as defined below) for its operation in accordance with terms and
conditions of this Agreement; and 

  

	2.	 The Lender intends to provide the Loan to the Borrower in accordance with terms and conditions of this
Agreement. 

 The Parties agree as follows to specify their rights and obligations under the Loan arrangement: 

 

	1.	 Definitions 

 

	1.1	 In this Agreement: 

  

			
	 “Domestic Company”
	  	Means Guangzhou Xintu Technology Co., Ltd., a limited liability company established in China.
		
	 “Loan”
	  	Means the loan provided by the Lender to the Borrowers under Article 2.1 hereof in one lump sum or in installments, the principal of which amounts to RMB two million (RMB2,000,000).
		
	 “Loan Term”
	  	Has the meaning set forth in Article 4.1 hereof.
		
	 “Outstanding Amount”
	  	Means the amount under the Loan that has not been repaid by the Borrowers.
		
	 “Repayment Notice”
	  	Has the meaning set forth in Article 4.2 hereof.
		
	 “China”
	  	Means the People’s Republic of China, for purpose hereof, excluding Hong Kong Special Administrative Region, Macau Special Administrative Region, and Taiwan.
		
	 “Confidential Information”
	  	Has the meaning set forth in Article 6.1 hereof.
		
	 “Prohibited Transactions”
	  	Has the meaning set forth in Article 7.1 hereof.
		
	 “Prohibited Documents”
	  	Has the meaning set forth in Article 7.1 hereof.
		
	 “Party’s Rights”
	  	Has the meaning set forth in Article 10.5 hereof.

  
 2 

	1.2	 The terms used in this Agreement have the following meanings: 

“Articles” means the articles of this Agreement, unless the context requires otherwise; 

“Taxes” shall be interpreted to include any taxes, costs, duties or other charges of the same nature (including but not
limited to any penalty or interest on any unpaid or delayed taxes); and 
 “Borrowers” and “Lender” shall
be interpreted to include their respective successors and assigns. 
  

	1.3	 Unless the context requires otherwise, any reference to this Agreement or any other agreement or document shall
be interpreted to include any amendment, modification, replacement or supplement to this Agreement and other agreement or document that have already made or may be made from time to time. 

 

	2.	 Loan 

  

	2.1	 Subject to the terms and conditions of this Agreement, the Lender agrees to provide the Loan in the principal
of RMB two million (RMB2,000,000) to the Borrowers. 

 The Borrowers may only use the Loan for its operation activities
approved by the Lender. 
 Without the prior written consent of the Lender, the Borrowers shall not use part or all of the Loan for any other
purpose. 
  

	2.2	 The Parties agree that the Loan may be provided in one lump sum or in installments by the Lender and/or any
third party designated by the Lender. The Parties acknowledge that the Lender and/or any third party designated by the Lender shall provide the Loan to the Borrowers in the full amount set forth under Article 2.1 within 360 days from the execution
of this Agreement. 

  

	2.3	 The Parties acknowledge that the Borrowers shall perform the repayment obligation and other obligations
hereunder to the Lender according to the provisions of this Agreement. 

  

	2.4	 The Borrowers have entered into the equity interest pledge agreement with the Lender on the Execution Date
according to the requirement of the Lender, and created a pledge in favor of the Lender over their whole equity in the Domestic Company as the security for performance of the Borrowers’ obligations hereunder (including but not limited to
repaying the Outstanding Amount according to the provisions hereof). 

  

	3.	 Interest 

  

	3.1	 The Lender acknowledges that the interest on the Loan will be settled on a calendar year basis (in case of less
than one year, settled based on the result of the actual number of days / 365 days), and at the Shanghai Interbank Offered Rate, provided that the Borrowers do not breach this Agreement. 

 

	4.	 Repayment 

  

	4.1	 This Agreement is formed when both Parties formally sign it, and, once formed, shall become effective
retrospectively from August 12, 2021 (“Effective Date”). The loan term hereunder shall start from the Effective Date, and end on the earliest of the following: (i) twenty (20) years after the Execution Date; (ii) the
date when the Lender’s business term expires; or (iii) the date when the Domestic Company’s business term expires (“Loan Term”). When the Loan Term expires, unless the Parties agree through negotiation to renew the
Loan, the Borrowers shall repay the whole Outstanding Amount in one lump sum on the date when the Loan Term expires. In such case, subject to applicable laws and regulations, the Lender may accept payment of the Transfer Price of the Option Equity
(as defined in the Exclusive Option Agreement) by offsetting the claim owned by the Lender against the Borrowers in respect of the Outstanding Amount, in accordance with the Exclusive Option Agreement entered into between the Lender, the Borrowers,
and other relevant parties. 

  
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	4.2	 During the Loan Term, the Lender may decide in its absolute sole discretion to accelerate the Loan at any time,
and issue a repayment notice (“Repayment Notice”) to any Borrower ten (10) days in advance, requesting the Borrower to repay the Outstanding Amount in whole or in part according to the provisions of this Agreement.

 In the event that the Lender requests the Borrowers to repay the Outstanding Amount according to the above paragraph,
subject to the applicable laws and regulations, the Lender may accept payment of the Transfer Price of the designated equity by offsetting the claim owned by the Lender against the Borrowers in respect of the Outstanding Amount, in accordance with
the Exclusive Option Agreement entered into between the Lender, the Borrowers, and other relevant parties on the Execution Date. The ratio of the equity to be purchased to the equity held by the Lender on the date when it completes the subscription
of the registered capital of the Domestic Company, shall be the ratio of the part of the Outstanding Amount required to be repaid in the Repayment Notice to the total Loan amount borrowed by the Borrowers according to this Agreement. 

Notwithstanding the above provisions, the Loan will become due and payable immediately if: 

 

	 	(a)	 the Domestic Company is dissolved and goes into liquidation, or the Domestic Company goes into bankruptcy;

  

	 	(b)	 the Borrowers are no longer the shareholders of the Domestic Company; 

 

	 	(c)	 part or whole of the equity held by the Borrowers in the Domestic Company is transferred to any individual or
entity other than the Lender and/or its designated individual or entity due to any applicable law, or the decision or award of any court or arbitrator (including but not limited to due to repayment of any debt) (“Involuntary Equity
Transfer”); 

  

	 	(d)	 the Lender decides in its absolute sole discretion that any Involuntary Equity Transfer may occur.

  

	4.3	 The Parties agree and acknowledge that the Borrowers shall repay the corresponding Outstanding Amount in cash
(or in other form specified in the resolution properly passed by the board of directors of the Lender). 

  

	4.4	 When the Borrowers repay the Outstanding Amount according to this Article 4, if the Lender elects to purchase
the equity in the Domestic Company according to Article 4.1 or Article 4.2, the Parties shall complete the equity transfer simultaneously, and ensure that the Lender or any third party designated by the Lender has accepts transfer of the
corresponding equity in the Domestic Company free of any pledge or other forms of encumbrances legally and wholly in accordance with the above provisions at the same time of repayment of the Outstanding Amount. When the transfer of equity in the
Domestic Company is carried out according to the above provisions, the Borrowers shall provide all reasonable cooperation and waive any right of first refusal they have. 

 

	4.5	 The Borrowers will not assume any repayment obligation hereunder when they transfer their whole equity in the
Domestic Company to the Lender or any third party designated by the Lender and fully repay the Outstanding Amount according to Article 4 hereof. 

  

	5.	 Taxes 

  

	5.1	 The taxes relating to the Loan shall be borne by the Parties respectively according to law.

  
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	6.	 Confidentiality Obligations 

 

	6.1	 Each Party shall keep strict confidential the business secrets, proprietary information, client information and
other confidential information of the other Party obtained during the execution and performance of this Agreement (“Confidential Information”) regardless of whether this Agreement has been terminated. The receiving Party shall not
disclose any Confidential Information to any third party, except upon prior written consent of the disclosing Party or as required by applicable laws and regulations or the rules of the jurisdiction where the affiliate of a Party is listed. The
receiving Party shall not use directly or indirectly any Confidential Information except for purpose of performing this Agreement. 

  

	6.2	 The Parties acknowledge that the following information is not Confidential Information: 

 

	 	(a)	 The information obtained by the receiving Party by legal means before the disclosure, which is evidenced by
written proof; 

  

	 	(b)	 The information that has entered public domain not through the fault of the receiving Party; or

  

	 	(c)	 The information obtained by the receiving Party legally through other channel after receiving the information
from the disclosing Party. 

  

	6.3	 The receiving Party may disclose the Confidential Information to its relevant employees, agents or any engaged
professionals, provided that it shall ensure such persons to comply with relevant terms and conditions of this Agreement and shall assume any liability arising from the breach by such persons of relevant terms and conditions of this Agreement.

  

	6.4	 Notwithstanding any other provisions hereof, this Article 6 shall survive the suspension or termination of this
Agreement. 

  

	7.	 Undertakings and Warranties 

 

	7.1	 The Borrowers hereby undertake and warrant that without prior written consent of the Lender, they will not make
or authorize others (including but not limited to the directors of the Domestic Company they nominate) to make any resolution, instruction, consent or order, agreeing, authorizing or procuring the Domestic Company to carry out any transactions that
will or may have material effect on the assets, rights, obligations or business of the Domestic Company (including its branches and/or subsidiaries) (“Prohibited Transactions”), including but not limited to: 

 

	 	(a)	 Borrowing or incurring any debt from any third party (except the debt with a single amount of no more than RMB
100,000, or the debts with an aggregate amount of no more than RMB 100,000 within six (6) consecutive months, incurred during the normal course of business); 

 

	 	(b)	 Providing any security in favor of any third party for its own debt, or providing any security for any third
party; 

  

	 	(c)	 Transferring any business, material asset, or actual or potential business opportunity to any third party;

  

	 	(d)	 Transferring or licensing to any third party any domain name, trademark or other intellectual property to which
the Domestic Company holds legal title, or disposing of the material asset of the Domestic Company in other forms; 

  

	 	(e)	 Transferring to any third party part or all of their equity in the Domestic Company; or 

 

	 	(f)	 Other major transactions; 

or enter into any agreement, contract, memorandum or other forms of transaction documents on the Prohibited Transactions (“Prohibited
Documents”), nor permit, through action or inaction, the making of any Prohibited Transactions or signing of any Prohibited Documents. 

  
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	7.2	 The Borrowers will procure the directors and officers of the Domestic Company to strictly comply with the
provisions hereof when they perform their duties in the capacity of directors or officers of the Domestic Company, and will not take any action or inaction in contradiction with the above undertaking. 

 

	7.3	 The Borrowers will immediately, without any delay, notify the Lender of any circumstance that the equity held
by them in the Domestic Company may be transferred to any third party other than the Lender or the individual or entity designated by the Lender due to any applicable law, the decision or award of any court or arbitrator, or any other reasons, once
they know or should have known such circumstance. 

  

	8.	 Notice 

  

	8.1	 Any notice, request, demand or other communication required by or made under this Agreement shall be in writing
and sent to relevant Parties. 

  

	8.2	 Where the above notice or other communication is sent by fax or email, it will be deemed delivered when it is
sent. Where the above notice or other communication is sent by personal delivery, it will be deemed delivered when it is submitted in person. Where the above notice or other communication is sent by mail, it will be deemed delivered two
(2) days after it is posted. 

  

	9.	 Liabilities for Breach of Contract 

 

	9.1	 The Borrowers irrevocably undertake that if the Lender suffers or incurs any action, charge, claim, cost,
damage, request, expense, liability, loss or proceeding due to their breach of any obligation hereunder, they shall be liable for corresponding damages to the Lender. The Borrowers further acknowledge and agree that their breach of Article 7 hereof
shall constitute a material breach of this Agreement. 

  

	9.2	 Notwithstanding any other provisions hereof, this Article 9 shall survive the suspension or termination of this
Agreement. 

  

	10.	 Miscellaneous 

 

	10.1	 This Agreement is written in Chinese. This Agreement is made in five (5) counterparts, with one
(1) counterpart filed with the government authority for approval/registration, and the remaining counterparts maintained by the Lender. 

  

	10.2	 The conclusion, validity, interpretation and dispute resolution of this Agreement shall be governed by the PRC
Laws. 

  

	10.3	 Dispute Resolution 

  

	 	(a)	 Any dispute arising from or relating to this Agreement shall be resolved first through the friendly negotiation
between the Parties. If negotiation fails, the dispute shall be submitted to China International Economic and Trade Arbitration Commission for arbitration according to the arbitration rules of the Commission effective at the time of submission. The
arbitration will be carried out in Shenzhen. The arbitration award is final and binding upon relevant Parties. Unless the arbitration award decides otherwise, the arbitration cost shall be borne by the losing Party. The losing Party shall further
reimburse the winning Party’s attorney fee and other expenses. 

  

	 	(b)	 During the period of dispute resolution, the Parties shall continue to perform other provisions of this
Agreement except for the disputed matter. 

  

	 	(c)	 The Parties hereby specifically acknowledge and undertake that, subject to the laws of China, the arbitrators
shall have the right to make an appropriate award according to the actual situation to provide Party B with appropriate legal remedies, including but not limited to restricting Party A’s business operation, restricting and/or disposing of Party
A’s equity or assets (including land) (including but not limited to using the same as compensation), prohibiting the transfer or disposal or making other relevant remedies, and liquidating Party A, etc. The Parties shall implement such award.

  
 6 

	 	(d)	 The Parties hereby specifically acknowledge and undertake that, subject to the laws of China, as property
preservation or enforcement measures, at the request of one Party to the dispute, the court with jurisdiction shall have the right to make a ruling or judgment before the arbitration tribunal is formed or under other appropriate circumstances
permitted by law to provide provisional reliefs to the Party, such as making detaining or freezing judgment or ruling on the property of the defaulting party or the equity of the company. Such rights of the Party and the judgment or ruling made by
the court thereon shall not affect the validity of the above arbitration clause agreed upon by the Parties. 

  

	 	(e)	 After the arbitration award comes into effect, either Party shall have the right to apply to the court with
jurisdiction to enforce the arbitration award. 

  

	 	(f)	 The Parties agree that the competent court at the place where (1) Hong Kong Special Administrative Region;
(2) the place of registration of XPeng Inc.; (3) the place of registration of Party A (i.e. Guangzhou); and (4) the major assets of XPeng Inc. or Party A are located shall be deemed the court with jurisdiction for the purposes of this
Article. 

  

	10.4	 Any rights, powers and remedies granted to either Party under any provision of this Agreement shall not
preclude any other rights, powers or remedies granted to the Party under laws or other provisions hereof. No exercise by either Party of its rights, powers or remedies will preclude the exercise by the Party of other rights, powers or remedies.

  

	10.5	 No failure or delay to exercise by either Party of its rights, powers or remedies under this Agreement or laws
(“Party’s Rights”) will constitute waiver of such rights, and no single or partial waiver of the Party’s Rights will preclude exercise by the Party of such rights in other way or of other rights. 

 

	10.6	 The headings hereof are inserted for reference only, and shall not be used for or affect the interpretation of
any provisions hereof. 

  

	10.7	 The provisions hereof are severable and independent from other provisions. If any or several provisions hereof
are decided invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other provisions hereof shall not be affected. 

  

	10.8	 This Agreement shall supersede all oral or written agreements, understandings and communications concluded by
the Parties. Any amendment or supplement to this Agreement must be made in writing, and shall become effective after the Parties properly sign it, except that the Lender transfers its rights hereunder according to Article 10.9.

  

	10.9	 Without prior written consent of the Lender, the Borrowers shall not transfer their right and/or obligation
hereunder to any third party. Upon notice to the other Parties, the Lender has the right to transfer any right hereunder to any third party designated by it. 

  

	10.10	 This Agreement shall bind and inure to the benefit of the legal assigns and successors of the Parties. The
Borrowers warrant to the Lender that they have taken all proper measures and signed all required documents so that when they go into bankruptcy, are liquidated, or suffer other circumstance that may affect their exercise of their equity, their legal
assigns, successors, liquidators, administrators, creditors and other persons who may obtain the equity in the Domestic Company or relevant rights shall not affect or prevent performance of this Agreement. For this purpose, the Borrowers shall
promptly sign all other documents and take all other actions (including but not limited to notarizing this Agreement) required by the Lender. 

[The remainder of this page is intentionally left blank. Signature page follows.] 

  
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 [Signature page of the Loan Agreement] 

Guangzhou Kuntu Technology Co., Ltd. (Seal) 
 Legal
Representative: Li Chuxu 
 Signature: 

 [Signature page of the Loan Agreement] 

Guangzhou Xiaopeng Motors Technology Co., Ltd. (seal) 

Legal representative: Xia Heng 
 Signature:EX-4.26

 Exhibit 4.26 

Execution Version 
  

 
 Exclusive Service Agreement

 Between 

Guangzhou Xintu Technology Co., Ltd. 

And 
 Guangzhou Xiaopeng
Motors Technology Co., Ltd. 
 August 12, 2021 
  

 

  
 1 

 Exclusive Service Agreement 

This exclusive service agreement (“Agreement”) is made by the following parties on August 12, 2021: 

 

	1.	 Guangzhou Xintu Technology Co., Ltd. (“Party A”) 

Registered address: Room 403 (office-used only), No. 8 Songgang Street, Cen Village, Changxing Avenue, Tianhe District, Guangzhou 

Legal representative: Li Chuxu 
  

	2.	 Guangzhou Xiaopeng Motors Technology Co., Ltd. (“Party B”) 

Registered address: Room 245, No. 333 Jiufojianshe Street, Zhongxinguangzhou Knowledge City, Guangzhou 

Legal representative: Xia Heng 

(Each of Party A and Party B is hereinafter referred to collectively as the “Parties” and individually as a
“Party”.) 
 Recitals: 

Whereas, Party A is a limited liability company established and legally existing in Guangzhou, with its business scope being “information technology
consulting service; information consulting services (excluding information consulting services subject to licensing); geographic and remote sensing information services; data processing services; data processing and storage support services;
investment activities with self-owned funds; socio-economic consulting services; enterprise management consulting; enterprise management; engineering and technology research and experimental development; AI application software development; AI basic
software development; software development; digital content production services (excluding publishing and distribution); digital cultural and creative content application service; software sales; retail of computer software, hardware and auxiliary
equipment; wholesale of computer software, hardware and auxiliary equipment; information system integration service; communication equipment sales; satellite remote sensing data processing; technical service, technical development, technical
consultation, technical exchange, technical transfer and technical promotion; navigation terminal manufacturing; AI public data platform; general mechanical equipment installation service; professional repair of radar and radio navigation equipment;
manufacturing of special instruments for navigation, surveying and mapping, meteorology and oceanography; 
 Whereas, Party B is a limited liability company
registered and legally existing in Guangzhou, with its business scope being “engineering and technology research and experimental development; wholesale of auto parts; sales of distributed AC charging piles; sales of motor vehicle charging;
centralized fast charging station; car rental; industrial design services; sales of new energy vehicles; sales of new vehicles; communication equipment manufacturing; Internet sales (except for sales of goods that require licensing); manufacturing
of mechanical and electrical equipment; sales of mechanical and electrical equipment; sales of electrical equipment; manufacturing of power electronic devices and components; sales of power electronic devices and components; software sales; software
development; technical service, technical development, technical consultation, technical exchange, technical transfer and technical promotion; information technology consulting service; motor vehicle repair and maintenance; non-residential real estate leasing; mechanical equipment leasing; warehousing equipment leasing service; import and export of technology; import and export of goods; 

Whereas, Party A needs Party B to provide the services related to Party A’s Business (as defined below) and Party B agrees to provide such services to
Party A. 

  
 2 

 Now, therefore, the Parties agree as follows upon consensus through negotiation: 

 

	1.	 Definitions 

 

	1.1	 The following terms used in this Agreement have the meanings below, unless this Agreement stipulates otherwise
or the context requires otherwise: 

  

			
	 “Party A’s Business”
	  	Means the business activities conducted and developed by Party A at the present or at any time during the term of this Agreement.
		
	 “Services”
	  	 Means the services provided by Party B within its business scope to Party A exclusively with respect to Party A’s Business, including
but not limited to:
  
 engineering and technology research and experimental
development; wholesale of auto parts; sales of distributed AC charging piles; sales of motor vehicle charging; centralized fast charging station; car rental; industrial design services; sales of new energy vehicles; sales of new vehicles;
communication equipment manufacturing; Internet sales (except for sales of goods that require license); manufacturing of mechanical and electrical equipment; sales of mechanical and electrical equipment; sales of electrical equipment; manufacturing
of power electronic devices and components; sales of power electronic devices and components; software sales; software development; technical service, technical development, technical consultation, technical exchange, technical transfer and
technical promotion; information technology consulting service; motor vehicle repair and maintenance; non-residential real estate leasing; mechanical equipment leasing; warehousing equipment leasing service;
import and export of technology; import and export of goods.

		
	 “Annual Business Plan”
	  	Means the business development plan and budget report of Party A for the next calendar year prepared by Party A with the assistance of Party B before November 30 of each year according to this Agreement.
		
	 “Service Fee”
	  	Means all fees payable by Party A to Party B for the Services provided by Party B according to Article 3 hereof.
		
	 “Business-related IP”
	  	Means any and all intellectual properties developed by Party A based on the Services provided by Party B hereunder with respect to Party A’s Business.
		
	 “Confidential Information”
	  	Has the meaning set forth in Article 6.1 hereof.
		
	 “Breaching Party”
	  	Has the meaning set forth in Article 12.1 of this Agreement.
		
	 “Breach”
	  	Has the meaning set forth in Article 12.1 of this Agreement.
		
	 “Party’s Rights”
	  	Has the meaning set forth in Article 14.5 of this Agreement.

  

	1.2	 Any reference to any laws and regulations (“Laws”) shall be reference to:

  

	 	(a)	 those Laws as amended, modified, supplemented and restated, whether they become effective before or after the
conclusion of this Agreement; and 

  

	 	(b)	 other decisions, notices and regulations prepared or effective under the Laws. 

  
 3 

	1.3	 Unless the context indicates otherwise, any reference to any articles, paragraphs, subparagraphs or items
herein are reference to the articles, paragraphs, subparagraphs or items of this Agreement. 

  

	2.	 Services 

  

	2.1	 During the term of this Agreement, party A entrusts exclusively Party B to provide the Services, and Party B
shall diligently provide Party A with the Services according to the needs of Party A’s Business. The Parties understand that Party B’s actual provision of Services is subject to Party B’s approved business scope. If the Service
requested to be provided by Party A exceeds Party B’s approved business scope, Party B shall apply for expanding its business scope to the maximum extent permitted by Laws, and continue to provide relevant Service after the expansion of its
business scope is approved. 

  

	2.2	 Party B shall communicate and exchange relevant information of Party A’s Busines with Party A, to provide
the Services hereunder. 

  

	2.3	 Notwithstanding any other provisions hereof, Party B has the right to designate any third party to provide the
Services hereunder in whole or in part, or delegate the third party to perform its obligations hereunder. Party A hereby agrees that Party B has the right to transfer its rights and obligations hereunder to any third party. 

 

	3.	 Service Fee 

  

	3.1	 In respect of the Services provided by Party B according to this Agreement, Party A shall pay the Service Fee
to Party B according to the following provisions: 

  

	 	3.1.1	 Upon agreement by the Parties through negotiation, Party A shall pay relevant Service Fee to Party B on an
annual basis for the Services provided by Party B to Party A in each calendar year of the term of this Agreement. 

  

	 	3.1.2	 Upon agreement by the Parties through negotiation, Party A shall pay relevant Service Fee to Party B separately
for the specific Services provided by Party B to Party A from time to time at the request of Party A. 

  

	3.2	 Party B shall promptly issue payment notice and special VAT invoice to Party A and settle annually. Party A
shall pay Party B the above Service Fee (tax inclusive) within one month after receiving the invoice. 

  

	3.3	 The Parties agree that to extent that the scope of Service and the amount of the Service Fee specified in
Article 3.1 and Article 3.2 do not violate any mandatory provisions of laws and regulations, the Parties shall determine and adjust according to the proposal made by Party B from time to time. Party A shall not reject Party B’s proposal without
any reasonable cause. 

  

	3.4	 The Parties shall assume their respective taxes and obligations of withholding (if any) according to the
applicable laws. 

  

	4.	 Obligations of Party A 

 

	4.1	 Party B’s services hereunder are exclusive. During the term of this Agreement, without the prior written
consent of Party B, Party A shall not enter into any agreement with any other third party or accept from such third party any other service same as or similar to the services provided by Party B. 

 

	4.2	 Party A shall provide Party B with its definitive Annual Business Plan for the next year before
November 30 of each year so that Party B may prepare corresponding service plan and arrange the required manpower and service capacity. If Party A needs any manpower to be arranged by Party B temporarily, it shall negotiate with Party B fifteen
(15) days in advance to reach an agreement. 

  
 4 

	4.3	 To facilitate the provision of the Services by Party B, at the request of Party B, Party A shall provide Party
B with the information required by Party B. 

  

	4.4	 Party A shall pay the Service Fee to Party B promptly and fully according to the provisions of Article 3
hereof. 

  

	4.5	 Party A shall maintain its own good reputation, actively expand its business, and strive to maximize its
revenue. 

  

	4.6	 During the term of this Agreement, Party A agrees to cooperate with Party B and Party B’s parent company
(whether direct or indirect) to carry out audits on related-party transactions or other issues and provide relevant information and material relating to Party A’s operation, business, client, finance, employee, etc. to Party B and Party
B’s parent company or the auditor appointed by Party B, and agrees that Party B’s parent company may disclose such information or material to meet the requirements of the regulators in the place where the securities of Party B’s
parent company are listed. 

  

	5.	 Intellectual Property Rights 

 

	5.1	 The intellectual property rights held originally or obtained during the term of this Agreement by Party B,
including the intellectual property rights to the work achievement created during the provision of the Services, shall be owned by Party B. 

  

	5.2	 Since Party A’s Business is dependent on the Services to be provided by Party B hereunder, in respect of
the intellectual property rights to the business developed by Party A based on the Services, Party A agrees that: 

  

	 	(1)	 if the intellectual property rights to such business are obtained by Party A upon the entrustment of Party B or
through the cooperation between Party A and Party B, the ownership and the application right related to relevant intellectual property rights shall be vested in Party B. 

 

	 	(2)	 if relevant intellectual property rights to the business are developed and obtained by Party A independently,
the ownership shall be vested in Party A, provided that (A) Party A promptly notifies Party B of the details of such intellectual property rights and provides relevant information reasonably requested by Party B; (B) if Party A intends to
license or transfer relevant intellectual property rights to the business, Party A shall first transfer such intellectual property rights to Party B or grant an exclusive license to Party B on such intellectual property rights subject to the
mandatory provisions of the laws of China, and Party B may use such intellectual property rights to the extent of the transfer or license (however, Party B has the right to decide whether to accept such transfer or license); Party A can transfer or
license such intellectual property rights to any third party only when Party B waives the priority to purchase such intellectual property rights or waives the exclusive license on the conditions not more favorable than those offered to Party B
(including but not limited to the transfer price or license royalty), and shall ensure that the third party will fully comply with and perform the obligations of Party A hereunder; (C) except the circumstance specified in the above Item (B),
during the term of this Agreement, Party B has the right to purchase relevant intellectual property rights to the business; then Party A shall agrees to such purchase subject to the mandatory provisions of the laws of China at the minimum price
permitted by the current laws of China. 

  

	5.3	 If Party B is granted the exclusive license to use relevant intellectual property rights to the abovementioned
business according to Paragraph (2) of Article 5.2 hereof, the following provisions shall apply: 

  

	 	(1)	 The license period shall be no less than five (5) years (starting from the effective date of relevant
license agreement); 

  
 5 

	 	(2)	 The scope of right under the license shall be as large as possible; 

 

	 	(3)	 During the license period and within the license scope, no other party (including Party A) other than Party B
may use or permit others to use such intellectual property rights in whatever forms; 

  

	 	(4)	 Without prejudice to the conditions under Paragraph (3) of Article 5.3, Party A has the right to decide in
its sole discretion to authorize any other third party to use such intellectual property rights; 

  

	 	(5)	 When the license period expires, Party B has the right to renew the license agreement and Party A shall agree
to such renewal. The original terms of the license agreement shall be maintained, except the changes approved by Party B. 

  

	5.4	 Notwithstanding the provisions of Paragraph (2) of Article 5.2, if relevant intellectual property rights
to the business specified in that paragraph can be established only when they are registered according to applicable law, the application for registration shall be carried out according to the following provisions: 

 

	 	(1)	 If Party A intends to apply for the registration of the above intellectual property rights, it shall obtain the
prior written consent of Party B. 

  

	 	(2)	 Party A may apply for the registration or transfer the application right to any third party only when Party B
waives the right to purchase the right to apply for registration of relevant intellectual property rights to the business. Where Party A transfers the above application right to any third party, Party A shall ensure the third party to fully comply
with and perform its obligations hereunder. Meanwhile, the conditions on which Party A transfers the application right to the third party (including but not limited the transfer price) shall not be more favorable than the conditions it offers to
Party B under Paragraph (3) of Article 5.4. 

  

	 	(3)	 During the term of this Agreement, Party B may request at any time Party A to apply for registration of
relevant intellectual property rights to the business, and decide in its sole discretion whether to purchase the above application right. At the request of Party B, Party A shall transfer the application right to Party B subject to the mandatory
provisions of the laws of China at the minimum price permitted by the current laws of China. Party B shall become the legal owner of relevant intellectual property rights to the business after it obtains the application right and then applies for
and completes the registration of such intellectual property rights. 

  

	5.5	 Each Party undertakes to indemnify the other Party any and all economic losses incurred by the other Party due
to the first Party’s infringement of other’s intellectual property rights (including copyright, trademark, patent, and know-how). 

 

	6.	 Confidentiality Obligations 

 

	6.1	 Each Party shall keep strict confidential the business secrets, proprietary information, client information and
other confidential information of the other Party obtained during the execution and performance of this Agreement (“Confidential Information”) regardless of whether this Agreement has been terminated. The receiving Party shall not
disclose any Confidential Information to any third party, except upon prior written consent of the disclosing Party or as required by applicable laws and regulations or the rules of the jurisdiction where the affiliate of a Party is listed. The
receiving Party shall not use directly or indirectly any Confidential Information except for purpose of performing this Agreement. 

  

	6.2	 The Parties acknowledge that the following information is not Confidential Information: 

 

	 	(a)	 The information obtained by the receiving Party by legal means before the disclosure, which is evidenced by
written proof; 

  

	 	(b)	 The information that has entered public domain not through the fault of the receiving Party; or

  
 6 

	 	(c)	 The information obtained by the receiving Party legally through other channel after receiving the information
from the disclosing Party. 

  

	6.3	 The receiving Party may disclose the Confidential Information to its relevant employees, agents or any engaged
professionals, provided that it shall ensure such persons to comply with relevant terms and conditions of this Agreement and shall assume any liability arising from the breach by such persons of relevant terms and conditions of this Agreement.

  

	6.4	 Notwithstanding any other provisions hereof, this Article 6 shall survive the suspension or termination of this
Agreement. 

  

	7.	 Representations and Warranties of Party A 

Party A hereby represents and warrants to Party B that 
  

	7.1	 it is a limited liability company duly established and validly existing under the laws of China who has
separate legal personality, has full and separate legal status and capacity to execute, deliver and perform this Agreement, and can sue and be sued independently. 

 

	7.2	 it has full internal power and authority to execute, deliver and perform this Agreement and all other documents
relating to the transaction contemplated hereunder and to be executed, and has full power and authority to complete the transaction contemplated hereunder. This Agreement is duly executed and delivered by it, constitutes its legal and binding
obligations, and is enforceable against it according to the terms hereof. 

  

	7.3	 it shall promptly notify Party B of any circumstance that has or may have material adverse effect on Party
A’s Business and operation, and use its best effort to prevent the occurrence of such circumstance and/or expansion of loss. 

  

	7.4	 it shall not dispose of any of its material assets in whatever form or change its existing shareholding
structure, without the written consent of Party B. 

  

	7.5	 it holds all the business licenses and certificates required for its operation when this Agreement becomes
effective, and has full right and qualification to operate Party A’s Business currently conducted by it in China. 

  

	7.6	 At the written request of Party B, it shall use all of its current accounts receivable and/or other assets it
legally owns and may dispose of as the security for the payment of the Service Fee specified in Article 3 hereof. 

  

	7.7	 it shall indemnify Party B and hold Party B harmless from all losses Party B suffers or may suffer from
provision of the Services, including but not limited to any losses arising from any litigation, demand, arbitration, or claim by any third party, or any administrative investigation or penalty by any government authority, except for any loss caused
by the intentional misconduct or gross negligence of Party B. 

  

	7.8	 it shall not enter into any other agreement or arrangement that contradicts to this Agreement or may damage
Party B’s interest hereunder, without the written consent of Party B. 

  

	8.	 Representations and Warranties of Party B 

Party B hereby represents and warrants to Party A that 
  

	8.1	 it is a limited liability company duly established and validly existing under the laws of China who has
separate legal personality, has full and separate legal status and capacity to execute, deliver and perform this Agreement, and can sue and be sued independently. 

 

	8.2	 it has full internal power and authority to execute, deliver and perform this Agreement and all other documents
relating to the transaction contemplated hereunder and to be executed, and has full power and authority to complete the transaction contemplated hereunder. This Agreement is duly executed and delivered by it, constitutes its legal and binding
obligations, and is enforceable against it according to the terms hereof. 

  
 7 

	9.	 Term of Agreement 

 

	9.1	 This Agreement is formed when the Parties officially sign it, and, once formed, will become effective
retrospectively as of August 12, 2021. This Agreement shall be valid for twenty (20) years, unless this Agreement expressly provides otherwise or the Parties terminate it by written notice. This Agreement shall renew for one (1) year
automatically when it original term or renewal term expires, unless Party B notifies Party A thirty (30) days in advance that this Agreement will not be renewed. 

 

	9.2	 Where the business period of Party A or Party B expires and no approval or registration formalities on
extension of the business period is gone through, this Agreement shall terminate when the business period of Party A or Party B expires. The Parties shall complete the approval or registration formalities on extension of their respective business
period three (3) months before expiration of their respective business period to renew the term of this Agreement. 

  

	9.3	 The Parties shall continue to perform the obligations under Article 6 hereof when and after this Agreement
terminates. 

  

	10.	 Indemnification 

 

	Party	 A shall indemnify Party B and hold Party B harmless from all losses Party B suffers or may suffer from
provision of the Services, including but not limited to any losses arising from any litigation, demand, arbitration, or claim by any third party, or any administrative investigation or penalty by any government authority, except for any loss caused
by the intentional misconduct or gross negligence of Party B. 

  

	11.	 Notice 

  

	11.1	 Any notice, request, demand or other communication required by or made under this Agreement shall be in writing
and sent to relevant Parties. 

  

	11.2	 Where the above notice or other communication is sent by fax or email, it will be deemed delivered when it is
sent. Where the above notice or other communication is sent by personal delivery, it will be deemed delivered when it is submitted in person. Where the above notice or other communication is sent by mail, it will be deemed delivered two
(2) days after it is posted. 

  

	12.	 Liabilities for Breach of Contract 

 

	12.1	 The Parties agree and acknowledge that if either Party (“Breaching Party”) materially breaches
any provision hereunder, or fails or delays to perform any material obligation hereunder, it will constitute a breach of this Agreement (“Breach”), and the other Party has the right to request the Breaching Party to correct or take
remedial measures within a reasonable period. If the Breaching Party fails to do so within a reasonable period or ten (10) days after the other Party gives a written notice requesting correction, and if the Breaching Party is Party A, then
Party B has the right to (1) terminate this Agreement and request the Breaching Party to compensate all damages; or (2) request the enforcement of the Breaching Party’s obligations hereunder and request the Breaching Party to
compensate all damages; if the Breaching Party is Party B, then Party A has the right to request the Breaching Party to continue to perform its obligations hereunder and to compensate all damages. 

 

	12.2	 Notwithstanding any provisions of Article 12.1 hereof, the Parties agree and acknowledge that Party A shall not
request to terminate this Agreement on whatever grounds and in whatever circumstances, unless the law or this Agreement provides otherwise. 

  
 8 

	12.3	 Notwithstanding any other provisions hereof, this Article 12 shall survive the suspension or termination of
this Agreement. 

  

	13.	 Force Majeure 

Where either Party’s performance of this Agreement is directly affected by or either Party is unable to perform this Agreement according
to the provisions hereof due to any earthquakes, typhoons, floods, fires, wars, computer viruses, tool software design vulnerabilities, hacker attacks on the Internet, changes in policies or laws, and other force majeure events that are
unforeseeable and the consequence of which are unpredictable or unavoidable, the affected Party shall immediately notify the other Party by fax, and within thirty (30) days, provide the details of the force majeure event and the certificate
issued by a notary in the place of the force majeure event to prove that this Agreement is unable to perform or its performance needs to be postponed. The Parties shall negotiate to decide whether to waive part performance of this Agreement or to
delay the performance based on the effect of the force majeure event on the performance of this Agreement. Neither Party shall be liable for any economic loss of the other Party caused by the force majeure event. 

 

	14.	 Miscellaneous 

 

	14.1	 This Agreement is written in Chinese. This Agreement is made in five (5) counterparts, with Party A
holding one (1) counterpart, one (1) counterpart filed with the government authority for approval/registration, and the remaining counterparts maintained by Party B. 

 

	14.2	 The conclusion, validity, performance, modification, interpretation and dispute resolution of this Agreement
shall be governed by the laws of China. 

  

	14.3	 Dispute Resolution 

  

	 	14.3.1	 Any dispute arising from or relating to this Agreement shall be resolved first through the friendly negotiation
between the Parties. If negotiation fails, the dispute shall be submitted to China International Economic and Trade Arbitration Commission for arbitration according to the arbitration rules of the Commission effective at the time of submission. The
arbitration will be carried out in Shenzhen. The arbitration award is final and binding upon relevant Parties. Unless the arbitration award decides otherwise, the arbitration cost shall be borne by the losing Party. The losing Party shall further
reimburse the winning Party’s attorney fee and other expenses. 

  

	 	14.3.2	 During the period of dispute resolution, the Parties shall continue to perform other provisions of this
Agreement except for the disputed matter. 

  

	 	14.3.3	 The Parties hereby specifically acknowledge and undertake that, subject to the laws of China, the arbitrators
shall have the right to make an appropriate award according to the actual situation to provide Party B with appropriate legal remedies, including but not limited to restricting Party A’s business operation, restricting and/or disposing of Party
A’s equity or assets (including land) (including but not limited to using the same as compensation), prohibiting the transfer or disposal or making other relevant remedies, and liquidating Party A, etc. The Parties shall implement such award.

  

	 	14.3.4	 The Parties hereby specifically acknowledge and undertake that, subject to the laws of China, as property
preservation or enforcement measures, at the request of one Party to the dispute, the court with jurisdiction shall have the right to make a ruling or judgment before the arbitration tribunal is formed or under other appropriate circumstances
permitted by law to provide provisional reliefs to the Party, such as making detaining or freezing judgment or ruling on the property of the defaulting party or the equity of the company. Such rights of the Party and the judgment or ruling made by
the court thereon shall not affect the validity of the above arbitration clause agreed upon by the Parties. 

  
 9 

	 	14.3.5	 After the arbitration award comes into effect, either Party shall have the right to apply to the court with
jurisdiction to enforce the arbitration award. 

  

	 	14.3.6	 The Parties agree that the competent court at the place where (1) Hong Kong Special Administrative Region;
(2) the place of registration of XPeng Inc.; (3) the place of registration of Party A (i.e. Guangzhou); and (4) the major assets of XPeng Inc. or Party A are located shall be deemed the court with jurisdiction for the purposes of this
Article. 

  

	14.4	 Any rights, powers and remedies granted to either Party under any provision of this Agreement shall not
preclude any other rights, powers or remedies granted to the Party under laws or other provisions hereof. No exercise by either Party of its rights, powers or remedies will preclude the exercise by the Party of other rights, powers or remedies.

  

	14.5	 No failure or delay to exercise by either Party of its rights, powers or remedies under this Agreement or laws
(“Party’s Rights”) will constitute waiver of such rights, and no single or partial waiver of the Party’s Rights will preclude exercise by the Party of such rights in other way or of other rights. 

 

	14.6	 The headings hereof are inserted for reference only, and shall not be used for or affect the interpretation of
any provisions hereof. 

  

	14.7	 The provisions hereof are severable and independent from other provisions. If any or several provisions hereof
are decided invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other provisions hereof shall not be affected. 

  

	14.8	 Upon execution, this Agreement will replace any other legal documents previously executed by the Parties on the
same subject matter. Any amendment or supplement to this Agreement must be made in writing, and shall become effective after the Parties properly sign it, except that Party B transfers its rights hereunder according to Article 14.9.

  

	14.9	 Without prior written consent of Party B, Party A shall not transfer its right and/or obligation hereunder to
any third party. Party A agrees that without its written consent, Party B has the right to transfer unilaterally any right and/or obligation hereunder to any third party, provided that a written notice shall be given to Party A.

  

	14.10	 This Agreement shall bind and inure to the benefit of the legal assigns, successors and creditors of the
Parties and other entities that may obtain the equity interest or relevant rights in the Parties. 

  

	14.11	 The Parties undertake to declare and pay their respective taxes relating to the transaction contemplated
hereunder according to law. 

 [The remainder of this page is intentionally left blank. Signature page follows.]

  
 10 

 [Signature page of the Exclusive Service Agreement] 

Guangzhou Xintu Technology Co., Ltd. (seal) 
 Legal
representative: Li Chuxu 
 Signature: 

 [Signature page of the Exclusive Service Agreement] 

Guangzhou Xiaopeng Motors Technology Co., Ltd. (seal) 

Legal representative: Xia Heng 
 Signature:

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