Document:

Shareholders' Agreement, dated as of June 17, 2005

 Exhibit 4.5 
  

EXECUTION COPY 
  

  
 SHAREHOLDERS AGREEMENT 
  
 by and among 
  
 A-MAX TECHNOLOGY LIMITED, 
  
 GENERAL ATLANTIC PARTNERS (BERMUDA), L.P., 
  
 GAP-W INTERNATIONAL, LLC, 
  
 GAP COINVESTMENTS III, LLC, 
  
 GAP COINVESTMENTS IV, LLC, 
  
 GAPSTAR, LLC, 
  
 GAPCO GMBH & CO. KG 
  
 and 
  
 THE OTHER PARTIES NAMED
HEREIN 
  

  
 Dated: June 17, 2005 
  

  

 Table of Contents 
  

					
	 	  	 	  	Page

	1.	  	DEFINITIONS	  	2
			
	2.	  	RESTRICTIONS ON TRANSFER OF SHARES	  	10
			
	3.	  	RIGHT OF FIRST OFFER AND TAG-ALONG RIGHTS	  	12
			
	4.	  	FUTURE ISSUANCE OF SHARES; PREEMPTIVE RIGHTS	  	17
			
	5.	  	AFTER-ACQUIRED SECURITIES; AGREEMENT TO BE BOUND	  	19
			
	6.	  	CORPORATE GOVERNANCE; NON-COMPETITION	  	20
			
	7.	  	SHARE CERTIFICATE LEGEND.	  	27
			
	8.	  	MISCELLANEOUS.	  	28

  

					
	SCHEDULE	 	 	  	 
			
	Schedule 1	 	Major Investors	  	 
	Schedule 2	 	Minor Investors	  	 
	Schedule 3	 	Beneficial Owners	  	 
			
	EXHIBITS	 	 	  	 
			
	A	 	Charter Documents (including Bye-law 79)	  	 
	B-1	 	Form of Acknowledgement and Agreement (Previously issued shares)	  	 
	B-2	 	Form of Acknowledgement and Agreement (Newly issued shares)	  	 
	B-3	 	Form of Acknowledgement and Agreement (Additional Purchasers)	  	 
	B-4	 	Form of Deed of Waiver	  	 

  

 i 

 EXECUTION COPY 
  
 SHAREHOLDERS AGREEMENT 
  
 SHAREHOLDERS AGREEMENT (this “Agreement”) dated June 17, 2005, among A-Max Technology Limited, a company organized and existing under the
laws of Bermuda (the “Company”), General Atlantic Partners (Bermuda), L.P., a Bermuda limited partnership (“GAP LP”), GAP-W International, LLC, a Delaware limited liability company (“GAP-W”), GAP
Coinvestments III, LLC, a Delaware limited liability company (“GAP Coinvestment III”), GAP Coinvestments IV, LLC, a Delaware limited liability company (“GAP Coinvestment IV”), GapStar, LLC, a Delaware limited
liability company (“GapStar”), GAPCO GmbH & Co. KG, a German limited partnership (“GmbH Coinvestment”), the shareholders listed on Schedule 1 hereto (the “Major Investors”), the other
existing shareholders listed on Schedule 2 hereto (the “Minor Shareholders”) and the indirect shareholders listed on Schedule 3 hereto (the “Beneficial Owners”). 
  
 WHEREAS, pursuant to the Share Subscription Agreement, dated May 27, 2005
(the “Subscription Agreement”), among the Company, GAP LP, GAP-W, GAP Coinvestment III, GAP Coinvestment IV, GapStar and GmbH Coinvestment, the Company has agreed to issue and sale to GAP LP, GAP-W, GAP Coinvestment III, GAP
Coinvestment IV, GapStar and GmbH Coinvestment an aggregate of 141,490,566 shares of Series A Convertible Participating Redeemable Preferred Shares, par value US$0.00002 per share, of the Company (the “Series A Preferred Shares”);

  
 WHEREAS, on a date on or prior to the date thirty (30) days
after the date hereof, or such later date as may be mutually acceptable to the Company and the General Atlantic Shareholders, the Company may issue and sell to the Additional Purchasers pursuant to the Additional Placement up to an aggregate of
70,745,283 shares of Series B Convertible Participating Redeemable Preferred Shares to be hereinafter created with rights and preferences reasonably acceptable to the General Atlantic Shareholders (the “Series B Preferred Shares”)
at a price per share equal to the price per share paid by GAP LP, GAP-W, GAP Coinvestment IV, GapStar and GmbH Coinvestment for the Series A Preferred Shares under the Subscription Agreement. Each Additional Purchaser, if any, shall become a party
to this Agreement immediately upon the completion of the purchase of any Series B Preferred Shares under the Additional Placement; 
  
 WHEREAS, the parties hereto wish to restrict the transfer of the Shares (as hereinafter defined) and to provide for, among other things, first offer,
tag-along and preemptive rights, corporate governance rights and obligations and certain other rights under certain conditions; and 
  
 WHEREAS, in order to induce the General Atlantic Shareholders (as hereinafter defined) to subscribe for the Series A Preferred Shares pursuant to the
Subscription Agreement, each of the Beneficial Owners hereby agrees to become a party to this Agreement for the purpose of, among other things, procuring that the Shareholders comply with the provisions of this Agreement. 
  

 1 

 NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Definitions. As used in this Agreement, and unless the context requires a different meaning, the following terms have the meanings indicated:

  
 “Additional Placement” means the additional
placement by the Company to one or more Additional Purchasers, on terms and conditions approved by the General Atlantic Shareholders, of up to an aggregate of 70,745,283 Series B Preferred Shares, to be purchased on a date not later than thirty (30)
days after the Closing Date (or such later date as may be mutually acceptable to the Company and the GAP Purchasers) pursuant to a share subscription agreement substantially in the form of the Subscription Agreement, at a price per share equal to
the price per share paid by GAP LP, GAP-W, GAP Coinvestment IV, GapStar and GmbH Coinvestment for the Series A Preferred Shares under the Subscription Agreement. 
  
 “Additional Purchasers” means one or more “accredited investors” (as defined in Rule 501 under
the Securities Act) selected by the Company, and reasonably acceptable to General Atlantic Shareholders, who subscribe for Series B Preferred Shares pursuant to the Additional Placement. 
  
 “Additional Purchaser Shareholders” means the Additional Purchasers and any Permitted Transferee thereof to
whom Shares are transferred in accordance with Section 2.2 of this Agreement, and the term “Additional Purchaser Shareholder” shall mean any such Person. 
  
 “Affiliate” shall mean with respect to any Person, any other Person that directly, or indirectly through
one or more intermediaries, controls, or is controlled by, or under common control with, the Person specified. 
  
 “Agreement” means this Agreement as the same may be amended, supplemented or modified in accordance with the terms hereof. 
  
 “Amended Bye-laws” means the Amended Bye-laws adopted by the
Company on or before the Closing Date substantially in the form attached hereto as Exhibit A. 
  
 “Beneficial Owners” has the meaning set forth in the preamble to this Agreement. 
  

 2 

 “Board of Directors” means the Board of Directors of the Company. 
  
 “Business Day” means any day other than a Saturday, Sunday
or other day on which commercial banks in the State of New York, Bermuda, Hong Kong or the PRC are authorized or required by law or executive order to close. 
  
 “Charter Documents” means the Memorandum of Association and the Amended Bye-laws as in effect on the date hereof, copies of which are
attached hereto as Exhibit A as the same may be amended from time to time, subject to, and in accordance with, the terms of Section 6(d) of the Bye-law 79 of the Amended Bye-laws and this Agreement. 
  
 “Code” means the United States Internal Revenue Code of
1986, as amended, or any successor statute thereto. 
  
 “Commission” means the United States Securities and Exchange Commission or any similar agency then having jurisdiction to enforce the Securities Act. 
  
 “Company” has the meaning set forth in the preamble to this Agreement. 
  
 “Company Option” has the meaning set forth in Section 3.1(b)
of this Agreement. 
  
 “Company Option Period”
has the meaning set forth in Section 3.1(b) of this Agreement. 
  
 “Contract Date” has the meaning set forth in Section 3.1(e) of this Agreement. 
  
 “control” (including the terms “controlling,” “controlled by” and “under common control
with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 
  
 “Excess New Securities” has the meaning set forth in Section
4.2(a) of this Agreement. 
  
 “Excess Offered
Securities” has the meaning set forth in Section 3.1(c) of this Agreement. 
  
 “Exempt Issuances” has the meaning set forth in Section 4.1 of this Agreement. 
  
 “Fair Value” has the meaning set forth in Section 3.2(b) of this Agreement. 
  
 “Family Members” has the meaning set forth in Section 2.2 of this Agreement. 
  

 3 

 “GA LLC” means General Atlantic, LLC, a Delaware limited liability company and the
general partner of GAP LP and the managing member of GapStar, and any successor to such entity. 
  
 “GAP Coinvestment III” has the meaning set forth in the preamble to this Agreement. 
  
 “GAP Coinvestment IV” has the meaning set forth in the
preamble to this Agreement. 
  
 “GAP LP” has the
meaning set forth in the preamble to this Agreement. 
  
 “GAP-W” has the meaning set forth in the preamble to this Agreement. 
  
 “GapStar” has the meaning set forth in the preamble to this Agreement. 
  
 “General Atlantic Director” has the meaning set forth in Section 6.3 of this Agreement. 
  
 “General Atlantic Shareholders” means GAP LP, GAP
Coinvestment III, GAP Coinvestment IV, GAP-W, GapStar, GmbH Coinvestment, any Subsequent General Atlantic Purchaser and any Permitted Transferee thereof to whom Shares are transferred in accordance with Section 2.2 of this Agreement, and the term
“General Atlantic Shareholder” shall mean any such Person. 
  
 “GmbH Coinvestment” has the meaning set forth in the preamble to this Agreement. 
  
 “GmbH Management” means GAPCO Management GmbH, a German company with limited liability and the general partner of GmbH Coinvestment, and
any successor to such entity. 
  
 “Governmental
Authority” means the government of any nation, state, city, locality or other political subdivision thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

  
 “Hong Kong” means the Hong Kong Special
Administrative Region of the People’s Republic of China. 
  
 “Indebtedness” means, as to any Person, (a) all obligations of such Person for borrowed money (including, without limitation, reimbursement and all other obligations with respect to surety bonds, letters of credit and
bankers’ acceptances, whether or not matured), (b) all obligations of such Person to pay the deferred purchase price of property or services, except trade accounts payable and accrued commercial or trade liabilities arising in the ordinary
course of business, (c) all interest rate and currency swaps, caps, collars and similar agreements or hedging devices under which payments are obligated to be made by such Person, whether periodically or upon the happening of a contingency, (d) all
indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default
are limited to repossession or sale of such property), (e) all obligations of such Person under leases which have been or should be, in accordance with US GAAP (as defined in the Certificate of Designations), recorded as capital leases, (f) all
indebtedness secured by any Lien (other than Liens in favor of lessors under leases other than leases included in clause (e)) on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have
been assumed by that Person or is non-recourse to the credit of that Person, and (g) any contingent obligation of such Person. 
  

 4 

 “Initial Public Offering” means the first bona fide firm commitment underwritten public
offering and listing of Ordinary Shares in which the underwriting is lead managed by an internationally recognized investment banking firm and the Ordinary Shares are listed on The Nasdaq Stock Market, Inc. or other internationally recognized stock
exchange. 
  
 “Involuntary Transfer” means any
transfer, proceeding or action by or in which a Shareholder shall be deprived or divested of any right, title or interest in or to any of the Shares, including, without limitation, (i) any seizure under levy of attachment or execution, (ii) any
transfer in connection with bankruptcy (whether pursuant to the filing of a voluntary or an involuntary petition under the United States Bankruptcy Code of 1978, or any modifications or revisions thereto) or other court proceeding to a debtor in
possession, trustee in bankruptcy or receiver or other officer or agency, (iii) any transfer to a state or to a public officer or agency pursuant to any statute pertaining to escheat or abandoned property and (iv) any transfer pursuant to a divorce
or separation agreement or a final decree of a court in a divorce action. 
  
 “Involuntary Transferee” has the meaning set forth in Section 3.2(a) of this Agreement. 
  
 “IPO Effectiveness Date” means the date upon which the Company consummates its Initial Public Offering. 
  
 “Lien” means any mortgage, deed of trust, pledge,
hypothecation, assignment, encumbrance, lien (statutory or other) or preference, priority, right or other security interest or preferential arrangement of any kind or nature whatsoever. 
  
 “Major Investors” has the meaning set forth in the preamble to this Agreement. 
  
 “Major Shareholders” means the Major Investors and any
Permitted Transferee thereof to whom Shares are transferred in accordance with Section 2.2 of this Agreement, and the term “Major Shareholder” shall mean any such Person. 
  

 5 

 “Minor Shareholders” has the meaning set forth in preamble to this Agreement.

  
 “New Issuance Notice” has the meaning set
forth in Section 4.1 of this Agreement. 
  
 “New
Securities” has the meaning set forth in Section 4.1 of this Agreement. 
  
 “Offer Price” has the meaning set forth in Section 3.1(a) of this Agreement. 
  
 “Offered Securities” has the meaning set forth in Section 3.1(a) of this Agreement. 
  
 “Offering Notice” has the meaning set forth in Section
3.1(a) of this Agreement. 
  
 “Ordinary Shares”
means the Ordinary Shares, par value US$0.00002 per share, of the Company, or any other share capital of the Company into which such shares are reclassified or reconstituted and any other ordinary shares of the Company. 
  
 “Ordinary Share Equivalents” means any security or
obligation which is by its terms, directly or indirectly, convertible into or exchangeable or exercisable for Ordinary Shares, including, without limitation the Preferred Shares, and any option, warrant or other subscription or purchase right with
respect to Ordinary Shares or any Ordinary Share Equivalent. 
  
 “Other Shareholder” means (a) any transferee of a General Atlantic Shareholder, an Additional Purchaser Shareholder, a Major Shareholder or a Minor Shareholder (in each case, other than a Permitted Transferee thereof), who
has agreed to be bound by the terms and conditions of this Agreement in accordance with Section 2.4 or to whom Shares have been transferred in accordance with Section 3.1(e) and (b) any Person other than a General Atlantic Shareholder, an Additional
Purchaser Shareholder, a Major Shareholder or a Minor Shareholder who has agreed to be bound by the terms and conditions of this Agreement in accordance with Section 5.2(a). 
  
 “Permitted Liens” means statutory and common law Liens of landlords, carriers, warehousemen, mechanics,
suppliers or repairmen, but for the avoidance of doubt excluding any Liens purported to be created by any Contractual Obligation. 
  
 “Permitted Transferee” has the meaning set forth in Section 2.2 of this Agreement. 
  
 “Person” means any individual, firm, corporation,
partnership, trust, incorporated or unincorporated association, joint venture, joint stock company, limited liability company, Governmental Authority or other entity of any kind, and shall include any successor (by merger or otherwise) of such
entity. 
  

 6 

 “PRC” means the People’s Republic of China, excluding Hong Kong, Taiwan and Macau.

  
 “Preemptive Rightholder(s)” has the meaning
set forth in Section 4.1 of this Agreement. 
  
 “Preferred
Shareholder Directors” has the meaning set forth in Section 6.3(b). 
  
 “Preferred Shareholders “ means, collectively, the General Atlantic Shareholders and the Additional Purchaser Shareholders. 
  
 “Preferred Shares” means, collectively, the Series A Preferred Shares and the Series B Preferred Shares.

  
 “Proportionate Percentage” has the meaning
set forth in Section 4.2(a) of this Agreement. 
  
 “Proposed Price” has the meaning set forth in Section 4.1 of this Agreement. 
  
 “Related Party” means (i) any shareholder of the Company or any Subsidiary, (ii) any director of the Company or any Subsidiary, (iii) any
individual employed by the Company or any Subsidiary holding the office or title of or serving as Assistant Vice-President and/or any office, title or position senior to Assistant Vice-President (“Senior Officer”), (iv) any Relative
of a shareholder, director or Senior Officer of the Company or any Subsidiary, (v) any Person in which any shareholder or director of the Company or any Subsidiary or any Senior Officer has any security or economic interest, other than a passive
shareholding of less than 1% in a publicly listed company, and (vi) any other Affiliate of the Company or any Subsidiary or of a shareholder or director of the Company or any Subsidiary. 
  
 “Relative” of a natural person means any spouse, parent, child, grandparent, grandchild, sibling, uncle,
aunt, nephew or niece of such person. 
  
 “Requirement of
Law” means, as to any Person, any law, statute, treaty, rule, regulation, right, privilege, qualification, license or franchise or determination of an arbitrator or a court or other governmental authority or stock exchange, in each case
applicable or binding upon such Person or any of its property or to which such Person or any of its property is subject or pertaining to any or all of the transactions contemplated or referred to herein. 
  
 “Rightholder(s)” has the respective meanings set forth in
Sections 3.1(c) and 3.2(a) of this Agreement. 
  

 7 

 “Rightholder Option Period” has the meaning set forth in Section 3.1(c) of this
Agreement. 
  
 “Sale Transaction” means (a) (i)
the merger or consolidation of the Company or a Subsidiary into or with one or more Persons, (ii) the merger or consolidation of one or more Persons into or with the Company or a Subsidiary or (iii) a tender offer or other business combination if,
in the case of (i), (ii) or (iii), the shareholders of the Company prior to such merger or consolidation do not retain, directly or indirectly, at least a majority of the voting power of the surviving Person or (b) the voluntary issuance, sale,
conveyance, exchange or transfer to another Person of (i) the voting Share Capital of the Company or a Subsidiary if, after such sale, conveyance, exchange or transfer, the shareholders of the Company prior to such issuance, sale, conveyance,
exchange or transfer do not retain, directly or indirectly, at least a majority of the voting power of the Company or (c) the voluntary sale, conveyance, exchange or transfer to another Person of all or substantially all of the assets of the Company
or the sale, transfer of other disposition of Share Capital of Techniques International Limited, A-Max Technology Co., Ltd. or Shenzhen Zhongyuyuan-Digital Science and Technology Company Limited (other than an intra-group transfer of Share Capital
to the Company or a wholly-owned Subsidiary but, for the avoidance of doubt, shall not include A-Max Technology GmbH). 
  
 “Securities Act” means the United States Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated
thereunder. 
  
 “Selling Shareholder” has the
meaning set forth in Section 3.1(a) of this Agreement. 
  
 “Series A Preferred Shares” has the meaning set forth in the recitals to this Agreement. 
  
 “Series B Preferred Shares” has the meaning set forth in the recitals to this Agreement. 
  
 “Share Capital” means, with respect to any Person, any and
all shares, interests, participations, rights in, or other equivalents (however designated and whether voting or non-voting) of, such Person’s share capital (including, without limitation, ordinary shares and preferred shares) and any and all
rights, warrants or options exchangeable for or convertible into such share capital. 
  
 “Share Option Plan” means the share option plan of the Company to be adopted in accordance with the Subscription Agreement pursuant to which restricted stock and options to purchase Ordinary Shares in
an amount up to an aggregate of 99,043,396 Ordinary Shares (subject to anti-dilution adjustment for share splits, share combinations and similar events taken with respect to the Ordinary Shares) are reserved and available for grant to officers,
directors and employees of the Company. 
  

 8 

 “Shares” means, with respect to each Shareholder, all shares, whether now owned or
hereafter acquired, of Ordinary Shares and Preferred Shares, and any other Ordinary Share Equivalents owned thereby; provided, however, for the purposes of any computation of the number of Shares pursuant to Sections 2, 3, 4.1, 4.2 and
8.3, all outstanding Ordinary Share Equivalents shall be deemed converted, exercised or exchanged as applicable and the Ordinary Shares issuable upon such conversion, exercise or exchange shall be deemed outstanding, whether or not such conversion,
exercise or exchange has actually been effected. 
  
 “Shareholders” means (a) the General Atlantic Shareholders, the Additional Purchaser Shareholders, the Major Shareholders, the Minor Shareholders, the Other Shareholders and any transferee thereof who has agreed to be bound
by the terms and conditions of this Agreement in accordance with Section 2.4 and (b) any Person who has agreed to be bound by the terms and conditions of this Agreement in accordance with Section 5.2(a), and the term “Shareholder” shall
mean any such Person. 
  
 “Shareholders Meeting”
has the meaning set forth in Section 6.1 of this Agreement. 
  
 “Subject Purchaser” has the meaning set forth in Section 4.1 of this Agreement. 
  
 “Subscription Agreement” has the meaning set forth in the recitals to this Agreement. 
  
 “Subsequent General Atlantic Purchaser” means any Affiliate
of GA LLC that, after the date hereof, acquires Shares. 
  
 “Subsidiaries” means, as of the relevant date of determination, (a) with respect to any Person, a corporation or other Person of which at least 50% of the voting power of the outstanding voting equity securities or at least
50% of the outstanding economic equity interest is held, directly or indirectly, by such Person and (b) with respect to the Company (i) any other Person of which actual or de facto control is held, directly or indirectly, by the Company and (ii)
shall include Techniques International Limited, A-Max Technology Co., Ltd., A-Max Technology GmbH and Shenzhen Zhongyuyuan-Digital Science and Technology Company Limited (

). Unless otherwise qualified, or the context otherwise requires, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or
Subsidiaries of the Company. 
  
 “Tag-Along
Rightholder” has the meaning set forth in Section 3.1(f)(i) of this Agreement. 
  
 “Third Party Purchaser” has the meaning set forth in Section 3.1(a) of this Agreement. 
  
 “Transfer” has the meaning set forth in Section 2.1 of this Agreement. 
  

 9 

 “Transferred Shares” has the meaning set forth in Section 3.2(a) of this Agreement.

  
 “Written Consent” has the meaning set forth
in Section 6.1 of this Agreement. 
  
 2. Restrictions on
Transfer of Shares. 
  
 2.1 Limitation on Transfer.
No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of (whether by operation of law or otherwise) (each a “transfer”) any Shares or any right, title or interest therein
or thereto, except in accordance with the provisions of this Agreement, including, without limitation, Section 2.4. Any attempt to transfer any Shares or any rights thereunder in violation of the preceding sentence shall be null and void
ab initio. 
  
 2.2 Permitted Transfers.
Notwithstanding anything to the contrary contained in this Agreement, but subject to Sections 2.1, 2.3 and 2.4, at any time, (a) each of the Major Shareholders who is an individual may transfer all or a portion of his or its Shares to or among (i) a
member of such Major Shareholder’s immediate family, which shall include his spouse, siblings, children or grandchildren (“Family Members”) or (ii) a trust, corporation, partnership or limited liability company, all of the
beneficial interests in which shall be held by such Major Shareholder or one or more Family Members of such Major Shareholder; provided, however, that during the period that any such trust, corporation, partnership or limited liability
company holds any right, title or interest in any Shares, no Person other than such Major Shareholder or one or more Family Members of such Major Shareholder may be or may become beneficiaries, shareholders, limited or general partners or members
thereof, (b) each of the Major Shareholders who is not an individual may transfer all or a portion of its Shares to or among (i) a Beneficial Owner of such Major Shareholder, (ii) a Family Member of a Beneficial Owner of such Major Shareholder or
(iii) a trust, corporation, partnership or limited liability company, all of the beneficial interests in which shall be held by a Beneficial Owner of such Major Shareholder or one or more Family Members of a Beneficial Owner of such Major
Shareholder; provided, however, that during the period that any such trust, corporation, partnership or limited liability company holds any right, title or interest in any Shares, no person other than such Beneficial Owner or Family
Member of such Beneficial Owner may be or may become beneficiaries, shareholders, limited or general partners or members thereof and (c) (i) each of the General Atlantic Shareholders and Additional Purchaser Shareholders may transfer all or a
portion of its Shares to any of its Affiliates and (ii) GapStar may pledge and grant a security interest in all or any portion of its Shares to a financial institution to secure its obligations to such financial institution under a bona fide loan
made to acquire such Shares (the Persons referred to in the preceding clauses (a), (b) and (c) are each referred to hereinafter as a “Permitted Transferee”). A Permitted Transferee of Shares pursuant to this Section 2.2 may transfer
its Shares pursuant to this Section 2.2 only to the transferor Shareholder or to a Person that is a Permitted Transferee of such transferor Shareholder. No Shareholder shall avoid the provisions of this Agreement by making one or more transfers to
one or more Permitted Transferees and then disposing of all or any portion of such party’s interest in any such Permitted Transferee, and any transfer or attempted transfer in violation of this covenant shall be null and void ab initio.

  

 10 

 2.3 Permitted Transfer Procedures. If any Shareholder wishes to transfer Shares (other than a
pledge by GapStar) to a Permitted Transferee under Section 2.2 such Shareholder shall give notice to the Company of its intention to make such a transfer not less than ten (10) days prior to effecting such transfer, which notice shall state the name
and address of each Permitted Transferee to whom such transfer is proposed, the relationship of such Permitted Transferee to such Shareholder, and the number of Shares proposed to be transferred to such Permitted Transferee. 
  
 2.4 Transfers in Compliance with Law; Substitution of Transferee.
Notwithstanding any other provision of this Agreement, no transfer may be made pursuant to this Section 2 or Section 3 unless (a) the transferee (other than a financial institution in the case of a pledge by GapStar) has agreed in writing to be
bound by the terms and conditions of this Agreement pursuant to an instrument substantially in the form attached hereto as Exhibit B-1, (b) the transfer complies in all respects with the applicable provisions of this Agreement and (c) the transfer
complies in all respects with applicable federal and state securities laws, including, without limitation, the Securities Act. If requested by the Company, an opinion of counsel to such transferring Shareholder shall be supplied to the Company, at
such transferring Shareholder’s expense, to the effect that such transfer complies with the applicable federal and state securities laws. Upon becoming a party to this Agreement, (i) the Permitted Transferee of a Major Shareholder shall be
substituted for, and shall enjoy the same rights and be subject to the same obligations as, the transferring Major Shareholder hereunder with respect to the Shares transferred to such Permitted Transferee, (ii) the Permitted Transferee of an
Additional Purchaser Shareholder shall be substituted for, and shall enjoy the same rights and be subject to the same obligations as, the transferring Additional Purchaser Shareholder, (iii) the Permitted Transferee of a General Atlantic Shareholder
shall be substituted for, and shall enjoy the same rights and be subject to the same obligations as, a General Atlantic Shareholder hereunder with respect to the Shares transferred to such Permitted Transferee, (iv) an Other Shareholder shall be
subject to the same obligations as, but none of the rights of, the transferring Major Shareholder, Additional Purchaser Shareholder or General Atlantic Shareholder, as the case may be, and (v) the transferee of an Other Shareholder shall be
substituted for, and shall be subject to the same obligations as, the transferring Other Shareholder hereunder with respect to the Shares transferred to such transferee. 
  

 11 

 2.5 Market Stand off. If reasonably requested by the lead underwriter of an Initial Public
Offering, each Shareholder shall enter into a lock-up agreement (the “Lock-up Agreement”), pursuant to which such Shareholder shall agree to not, without the prior written consent of such lead underwriter, for a period of not more
than one hundred and eighty (180) days beginning from the date of the final prospectus relating to the Initial Public Offering (the “Lock-up Period”) (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares or any securities convertible into or exercisable or exchangeable for
Ordinary Shares held immediately prior to the effectiveness of a registration statement governing such offering or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of
ownership of the Ordinary Shares, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Ordinary Shares or other securities, in cash or otherwise; provided that, nothing in this Section 2.5 shall prevent
(x) a Shareholder from Transferring any Shares to an Affiliate so long as such Affiliate enters into an agreement with the lead underwriter substantially in the form of the Lock-up Agreement or (y) GapStar from pledging and granting a security
interest in all or any portion of its Shares to a financial institution to secure certain obligations to such financial institution. The foregoing provisions of this Section 2.5 shall (a) not apply to the sale of any Ordinary Shares to the
underwriters pursuant to an underwriting agreement and as part of the Initial Public Offering and (b) only apply to the Shareholders if each officer and director of the Company and each shareholder of the Company holding Ordinary Shares representing
a number of Ordinary Shares equal to or greater than 1% of the Ordinary Shares outstanding immediately prior to the Initial Public Offering (on a non-diluted basis but assuming the conversion of all the outstanding Preferred Shares) enter into an
identical Lock-up Agreement. 
  
 2.6 Covenant by Beneficial
Owners. Each of the Beneficial Owners covenants and agrees to (a) comply with the provisions of this Agreement as if such Beneficial Owner was a Shareholder, (b) procure that any Shareholder in which such Beneficial Owner holds a direct or
indirect interest complies with the provisions of this Agreement and (c) not take any action, or omit to take any action, which contravenes the provisions of this Agreement, including this Section 2.6. 
  
 3. Right of First Offer and Tag-Along Rights. 
  
 3.1 Proposed Voluntary Transfers. 
  
 (a) Offering Notice. Subject to Section 2, if any Shareholder (a
“Selling Shareholder”) wishes to directly or indirectly transfer all or any portion of its Shares to any Person (other than to a Permitted Transferee) (a “Third Party Purchaser”), such Selling Shareholder shall
offer such Shares first to the Company, by sending written notice (an “Offering Notice”) to the Company, which shall state (a) the number of Shares proposed to be transferred (the “Offered Securities”); (b) the
proposed purchase price per Share for the Offered Securities (the “Offer Price”); and (c) the terms and conditions of such sale. Upon delivery of the Offering Notice, such offer shall be irrevocable unless and until the rights of
first offer provided for herein shall have been waived or shall have expired. The Company shall promptly deliver a copy of the Offering Notice to each of the General Atlantic Shareholders, the Additional Purchaser Shareholders and the Major
Shareholders. 
  

 12 

 (b) Company Option; Exercise. For a period of fifteen (15) days after the giving of the Offering
Notice pursuant to Section 3.1(a) (the “Company Option Period”), the Company shall have the right (the “Company Option”) but not the obligation to purchase any or all of the Offered Securities at a purchase price
equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.1(b) shall be exercisable by delivering written notice of the
exercise thereof, prior to the expiration of the Company Option Period, to the Selling Shareholder, with a copy to the General Atlantic Shareholders, the Additional Purchaser Shareholders and the Major Shareholders, which notice shall state the
number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within the Company Option Period shall be deemed to be a waiver of the Company Option, provided that the Company may waive its rights
under this Section 3.1(b) prior to the expiration of the Company Option Period by giving written notice to the Selling Shareholder, with a copy to the General Atlantic Shareholders, the Additional Purchaser Shareholders and the Major Shareholders.

  
 (c) Rightholder Option; Exercise. 
  
 (i) If the Company does not elect to purchase all of the Offered
Securities, then for a period of thirty (30) days after the earlier to occur of (a) the expiration of the Company Option Period and (b) the date upon which the Selling Shareholder shall have received written notice from the Company of its exercise
of the Company Option pursuant to Section 3.1(b) or its waiver thereof (the “Rightholder Option Period”), each of the General Atlantic Shareholders, the Additional Purchaser Shareholders and the Major Shareholders (who, in each
case, is not a Selling Shareholder) (for the purpose of Section 3.1, each, a “Rightholder” and collectively, the “Rightholders”) shall have the right to purchase all, but not less than all, of the remaining Offered
Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. Each Rightholder shall have the right to purchase that percentage of the Offered Securities determined by dividing (i) the
total number of Shares then owned by such Rightholder by (ii) the total number of Shares then owned by all such Rightholders. If any Rightholder does not fully subscribe for the number or amount of Offered Securities it is entitled to purchase, then
each other participating Rightholder shall have the right to purchase that percentage of the Offered Securities not so subscribed for (for the purposes of this Section 3.1(c), the “Excess Offered Securities”) determined by dividing
(x) the total number of Shares then owned by such fully participating Rightholder by (y) the total number of Shares then owned by all fully participating Rightholders who elected to purchase Offered Securities. The procedure described in the
preceding sentence shall be repeated until there are no remaining Excess Offered Securities. If the Company and/or the Rightholders do not purchase all of the Offered Securities pursuant to Section 3.1(b) and/or Section 3.1(c), then the Selling
Shareholder may, subject to Section 3.1(f), sell the Offered Securities to a Third Party Purchaser in accordance with Section 3.1(e). Any of the General Atlantic Shareholders may assign to any of its Affiliates all or any portion of its rights as a
Rightholder pursuant to this Section 3(c). 
  

 13 

 (ii) The right of each Rightholder to purchase all of the remaining Offered Securities under subSection
(i) above shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Rightholder Option Period, to the Selling Shareholder with a copy to the Company. Each such notice shall state (a) the number of
Shares held by such Rightholder and (b) the number of Shares that such Rightholder is willing to purchase pursuant to this Section 3.1(c). The failure of a Rightholder to respond within the Rightholder Option Period to the Selling Shareholder shall
be deemed to be a waiver of such Rightholder’s rights under subSection (i) above, provided that each Rightholder may waive its rights under subSection (ii) above prior to the expiration of the Rightholder Option Period by giving written
notice to the Selling Shareholder, with a copy to the Company. 
  
 (d) Closing. The closing of the purchases of Offered Securities subscribed for by the Company under Section 3.1(b) and/or the Rightholders under Section 3.1(c) shall be held at the executive office of the Company at 11:00 a.m., local
time, on the 60th day after the giving of the Offering Notice pursuant to Section 3.1(a) or at such other time and place as the parties to the transaction may agree. At such closing, the Selling Shareholder shall deliver certificates representing
the Offered Securities, duly endorsed for transfer and accompanied by all requisite transfer taxes, if any, and such Offered Securities shall be free and clear of any Liens (other than those arising hereunder and those attributable to actions by the
purchasers thereof) and the Selling Shareholder shall so represent and warrant, and shall further represent and warrant that it is the sole beneficial and record owner of such Offered Securities. The Company and/or each Rightholder, as the case may
be, purchasing Offered Securities shall deliver at the closing payment in full in immediately available funds for the Offered Securities purchased by it or him. At such closing, all of the parties to the transaction shall execute such additional
documents as are otherwise necessary or appropriate. 
  
 (e)
Sale to a Third Party Purchaser. Unless the Company and/or the Rightholders elect to purchase all, but not less than all, of the Offered Securities under Sections 3.1(b) and 3.1(c), the Selling Shareholder may, subject to Section 3.1(f), sell
all, but not less than all, the Offered Securities to a Third Party Purchaser on the terms and conditions set forth in the Offering Notice; provided, however, that such sale is bona fide and made pursuant to a contract entered into
within sixty (60) days after the earlier to occur of (i) the waiver by the Company and all of the Rightholders of their options to purchase the Offered Securities and (ii) the expiration of the Rightholder Option Period (the “Contract
Date”); and provided, further, that such sale shall not be consummated unless and until (x) such Third Party Purchaser shall represent in writing to the Company and each Rightholder that it is aware of the rights of the
Company and the Shareholders contained in this Agreement and (y) prior to the purchase by such Third Party Purchaser of any of such Offered Securities, such Third Party Purchaser shall become a party to this Agreement and shall agree to be bound by
the terms and conditions hereof in accordance with Section 2.4 hereof. If such sale is not consummated within thirty (30) days after the Contract Date for any reason, then the restrictions provided for herein shall again become effective, and no
transfer of such Offered Securities may be made thereafter by the Selling Shareholder without again offering the same to the Company and the Rightholders in accordance with this Section 3.1. 
  

 14 

 (f) Tag-Along Rights. 
  
 (i) If a Major Shareholder is directly or indirectly transferring Offered Securities to a Third Party Purchaser pursuant to
Section 3.1(e), then the General Atlantic Shareholders and the Additional Purchaser Shareholders (each, a “Tag-Along Rightholder”) shall have the right to sell to such Third Party Purchaser, upon the terms set forth in the Offering
Notice, that number of Shares held by such Tag-Along Rightholder equal to that percentage of the Offered Securities determined by dividing (i) the total number of Shares then owned by such Tag-Along Rightholder by (ii) the sum of (x) the total
number of Shares then owned by all such Tag-Along Rightholders exercising their rights pursuant to this Section 3.1(f) and (y) the total number of Shares then owned by the Selling Shareholder. The Selling Shareholder and the Tag-Along Rightholder(s)
exercising their rights pursuant to this Section 3.1(f) shall effect the sale of the Offered Securities and such Tag-Along Rightholder(s) shall sell the number of Offered Securities required to be sold by such Tag-Along Rightholder(s) pursuant to
this Section 3.1(f)(i), and the number of Offered Securities to be sold to such Third Party Purchaser by the Selling Shareholder shall be reduced accordingly. 
  

(ii) The Selling Shareholder shall give notice to each Tag-Along Rightholder of each proposed sale by it of Offered Securities which gives rise to the
rights of the Tag-Along Rightholders set forth in this Section 3.1(f), at least fifteen (15) days prior to the proposed consummation of such sale, setting forth the name of such Selling Shareholder, the number of Offered Securities, the name and
address of the proposed Third Party Purchaser, the proposed amount and form of consideration and terms and conditions of payment offered by such Third Party Purchaser, the percentage of Shares that such Tag-Along Rightholder may sell to such Third
Party Purchaser (determined in accordance with Section 3.1(f)(i)), and a representation that such Third Party Purchaser has been informed of the “tag-along” rights provided for in this Section 3.1(f) and has agreed to purchase Shares in
accordance with the terms hereof. The tag-along rights provided by this Section 3.1(f) must be exercised by any Tag-Along Rightholder wishing to sell its Shares within ten (10) days following receipt of the notice required by the preceding sentence,
by delivery of a written notice to the Selling Shareholder indicating such Tag-Along Rightholder’s wish to exercise its rights and specifying the number of Shares (up to the maximum number of Shares owned by such Tag-Along Rightholder required
to be purchased by such Third Party Purchaser) it wishes to sell, provided that any Tag-Along Rightholder may waive its rights under this Section 3.1(f) prior to the expiration of such 10-day period by giving written notice to the Selling
Shareholder, with a copy to the Company. The failure of a Tag-Along Rightholder to respond within such 10-day period shall be deemed to be a waiver of such Tag-Along Rightholder’s rights under this Section 3.1(f). If a Third Party Purchaser
fails to purchase Shares from any Tag-Along Rightholder that has properly exercised its tag-along rights pursuant to this Section 3.1(f)(ii), then the Selling Shareholder shall not be permitted to consummate the proposed sale of the Offered
Securities, and any such attempted sale shall be null and void ab initio. 
  

 15 

 3.2 Involuntary Transfers. 
  
 (a) Rights of First Offer upon Involuntary Transfer. If an Involuntary Transfer of any Shares (the
“Transferred Shares”) owned by any Shareholder shall occur, then the Company, the General Atlantic Shareholders, the Additional Purchaser Shareholders and the Major Shareholders (unless such Shareholder is the Shareholder
transferring the Transferred Shares) (for the purpose of Section 3.2, each, a “Rightholder” and collectively, the “Rightholders”) shall have the same rights as specified in Sections 3.1(b) and 3.1(c), respectively,
with respect to such Transferred Shares as if the Involuntary Transfer had been a proposed voluntary transfer by a Selling Shareholder and shall be governed by Section 3.1 except that (i) the time periods shall run from the date of receipt by the
Company of actual notice of the Involuntary Transfer (and the Company shall immediately give notice to the Rightholders of the date of receipt of such notice), (ii) such rights shall be exercised by notice to the transferee of such Transferred
Shares (the “Involuntary Transferee”) rather than to the Shareholder who suffered or will suffer the Involuntary Transfer and (iii) the purchase price per Transferred Share shall be agreed upon by the Involuntary Transferee and the
Company and/or the purchasing Rightholders purchasing a majority of the Transferred Shares, as the case may be; provided, however, that if such parties fail to agree as to such purchase price, the purchase price shall be the Fair Value
thereof as determined in accordance with Section 3.2(b). 
  
 (b)
Fair Value. If the parties fail to agree upon the purchase price of the Transferred Shares in accordance with Section 3.2(a) hereof, then the Company or the Rightholders, as the case may be, shall purchase the Transferred Shares at a purchase
price equal to the Fair Value (as hereinafter defined) thereof. The Fair Value of the Transferred Shares shall be determined by a panel of three independent appraisers, which shall be internationally recognized investment banking firms or
internationally recognized experts experienced in the valuation of corporations engaged in the business conducted by the Company. Within five (5) Business Days after the date the applicable parties determine that they cannot agree as to the purchase
price, the Involuntary Transferee and the Board of Directors (in the case of a purchase by the Company), or the purchasing Rightholders purchasing a majority of the Transferred Shares being purchased by the purchasing Rightholders (if the Company is
not purchasing any Transferred Shares), or the Board of Directors and such purchasing Rightholders jointly (in the case of a purchase by the Company and Rightholders), as the case may be, shall each designate one such appraiser that is willing and
able to conduct such determination. If either the Involuntary Transferee or the Board of Directors or the purchasing Rightholders or both, as the case may be, fails to make such designation within such period, then the other party that has made the
designation shall have the right to make the designation on its behalf. The two appraisers designated shall, within a period of five (5) Business Days after the designation of the second appraiser, designate a mutually acceptable third appraiser.
The three appraisers shall conduct their determination as promptly as practicable, and the Fair Value of the Transferred Shares shall be the average of the determination of the two appraisers that are closer to each other than to the determination
of the third appraiser, which third determination shall be discarded; provided, however, that if the determination of two appraisers are equally close to the determination of the third appraiser, then the Fair Value of the Transferred
Shares shall be the average of the determination of all three appraisers. Such determination shall be final and binding on the Involuntary Transferee, the Company and the Rightholders. The Involuntary Transferee shall be responsible for the fees and
expenses of the appraiser designated by or on behalf of it, and the Company or the purchasing Rightholders (if both the Company and the purchasing Rightholders), or the purchasing Rightholders (if the Company is not purchasing any Transferred
Shares) for the fees and expenses of the appraiser designated by or on behalf of the Board of Directors or the purchasing Rightholders (if the Company is not purchasing any Transferred Shares), as the case may be. The Involuntary Transferee and the
Company or the purchasing Rightholders, as the case may be, shall each share half the fees and expenses of the appraiser designated by the appraisers. For purposes of this Section 3.2(b), the “Fair Value” of the Transferred Shares
means the fair market value of such Transferred Shares determined in accordance with this Section 3.2(b) based upon all considerations that the appraisers determine to be relevant. All expenses to be shared by the Company and the purchasing
Rightholders, or among the purchasing Rightholders (if the Company is not purchasing any Transferred Shares), shall be shared in proportion to the number of Shares purchased. 
  
 (c) Closing. The closing of any purchase under this Section 3.2 shall be held at the executive office of the Company
at 11:00 a.m., local time, on the earlier to occur of (a) the fifth Business Day after the purchase price per Transferred Share shall have been agreed upon by the Involuntary Transferee and the Company or the purchasing Rightholders, as the case may
be, in accordance with Section 3.2(a)(iii), or (b) the fifth Business Day after the determination of the Fair Value of the Transferred Shares in accordance with Section 3.2(b), or at such other time and place as the parties to the transaction may
agree. At such closing, the Involuntary Transferee shall deliver certificates, if applicable, or other instruments or documents representing the Transferred Shares being purchased under this Section 3.2, duly endorsed with a signature guarantee for
transfer and accompanied by all requisite transfer taxes, if any, and such Transferred Shares shall be free and clear of any Liens (other than those arising hereunder) arising through the action or inaction of the Involuntary Transferee and the
Involuntary Transferee shall so represent and warrant, and further represent and warrant that it is the beneficial owner of such Transferred Shares. The Company or each Rightholder, as the case may be, purchasing such Transferred Shares shall
deliver at closing payment in full in immediately available funds for such Transferred Shares. At such closing, all parties to the transaction shall execute such additional documents as are otherwise necessary or appropriate. 
  

 16 

 (d) General. In the event that the provisions of this Section 3.2 shall be held to be
unenforceable with respect to any particular Involuntary Transfer, the Company and the Rightholders shall have the rights specified in Sections 3.1(b) and 3.1(c), respectively, with respect to any transfer by an Involuntary Transferee of such
Shares, and each Rightholder agrees that any Involuntary Transfer shall be subject to such rights, in which case the Involuntary Transferee shall be deemed to be the Selling Shareholder for purposes of Section 3.1 of this Agreement and shall be
bound by the provisions of Section 3.1 and other related provisions of this Agreement. 
  
 3.3 Avoidance of Restrictions. The Transfer restrictions in this Agreement shall not be capable of being avoided by the holding of Shares indirectly through a company or other entity that can itself be sold or
that can itself issue securities in order to dispose of or transfer an interest in Shares free of such restrictions. Any Transfer or other disposal of any shares (or other interest) of a Shareholder or of any company (or other entity) having control
over that Shareholder shall be treated as being a Transfer of the Shares held by that Shareholder, and the provisions of this Agreement that apply in respect of the Transfer of Shares shall thereupon apply in respect of the Shares so held.

  
 4. Future Issuance of Shares; Preemptive Rights.

  
 4.1 Offering Notice. Except for (a) any issuance of
restricted stock and options to purchase Ordinary Shares which may be issued pursuant to the Share Option Plan, (b) a subdivision of the Ordinary Shares into a larger number of Ordinary Shares, (c) Share Capital issued upon exercise, conversion or
exchange of any Ordinary Share Equivalent either (x) previously issued (including the Preferred Shares) or (y) issued in accordance with the terms of this Agreement, (d) Ordinary Shares issued in consideration of an acquisition, approved by the
Board of Directors in accordance with the terms of this Agreement, by the Company or any of its Subsidiaries of another Person, (e) Ordinary Shares issued in an Initial Public Offering and (f) up to 70,745,283 Series B Preferred Shares issuable in
the Additional Placement ((a)-(f) being referred to collectively as “Exempt Issuances”), if the Company wishes to issue any Share Capital or any other securities convertible into or exchangeable for Share Capital of the Company
(collectively, “New Securities”) to any Person (the “Subject Purchaser”), then the Company shall offer such New Securities first to each of the General Atlantic Shareholders and Additional Purchaser Shareholders
(each, a “Preemptive Rightholder” and collectively, the “Preemptive Rightholders”) by sending written notice (the “New Issuance Notice”) to the Preemptive Rightholders, which New Issuance Notice
shall state (x) the number of New Securities proposed to be issued and (y) the proposed purchase price per security of the New Securities (the “Proposed Price”). Upon delivery of the New Issuance Notice, such offer shall be
irrevocable unless and until the rights provided for in Section 4.2 shall have been waived or shall have expired. 
  

 17 

 4.2 Preemptive Rights; Exercise. 
  
 (a) For a period of twenty (20) days after the giving of the New Issuance Notice pursuant to Section 4.1, each of the
Preemptive Rightholders shall have the right to purchase its Proportionate Percentage (as hereinafter defined) of the New Securities at a purchase price equal to the Proposed Price and upon the same terms and conditions set forth in the New Issuance
Notice. Each Preemptive Rightholder shall have the right to purchase that percentage of the New Securities determined by dividing (x) the total number of Shares then owned by such Preemptive Rightholder exercising its rights under this Section 4.2
by (y) the total number of Shares owned by all of the Preemptive Rightholders exercising their rights under this Section 4.2 (the “Proportionate Percentage”). If any Preemptive Rightholder does not fully subscribe for the number or
amount of New Securities that it or he is entitled to purchase pursuant to the preceding sentence, then each Preemptive Rightholder which elected to purchase New Securities shall have the right to purchase that percentage of the remaining New
Securities not so subscribed for (for the purposes of this Section 4.2(a), the “Excess New Securities”) determined by dividing (x) the total number of Shares then owned by such fully participating Preemptive Rightholder by (y) the
total number of Shares then owned by all fully participating Preemptive Rightholders who elected to purchase Excess New Securities. Any of the General Atlantic Shareholders may assign to any of its Affiliates all or any portion of its rights as a
Preemptive Rightholder pursuant to this Section 4.2. 
  
 (b) The
right of each Preemptive Rightholder to purchase the New Securities under subSection (a) above shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the 20-day period referred to in subSection (a)
above, to the Company, which notice shall state the amount of New Securities that such Preemptive Rightholder elects to purchase pursuant to Section 4.2(a). The failure of a Preemptive Rightholder to respond within such 20-day period shall be deemed
to be a waiver of such Preemptive Rightholder’s rights under Section 4.2(a), provided that each Preemptive Rightholder may waive its rights under Section 4.2(a) prior to the expiration of such 20-day period by giving written notice to
the Company. 
  
 4.3 Closing. The closing of the purchase
of New Securities subscribed for by the Preemptive Rightholders under Section 4.2 shall be held at the executive office of the Company at 11:00 a.m., local time, on (a) the 45th day after the giving of the New Issuance Notice pursuant to Section
4.1, if the Preemptive Rightholders elect to purchase all of the New Securities under Section 4.2, (b) the date of the closing of the sale to the Subject Purchaser made pursuant to Section 4.4 if the Preemptive Rightholders elect to purchase some,
but not all, of the New Securities under Section 4.2 or (c) at such other time and place as the parties to the transaction may agree. At such closing, the Company shall deliver certificates representing the New Securities, and such New Securities
shall be issued free and clear of all Liens (other than those arising hereunder and those attributable to actions by the purchasers thereof) and the Company shall so represent and warrant, and further represent and warrant that such New Securities
shall be, upon issuance thereof to the Preemptive Rightholders and after payment therefor, duly authorized, validly issued, fully paid and non-assessable. Each Preemptive Rightholder purchasing the New Securities shall deliver at the closing payment
in full in immediately available funds for the New Securities purchased by him or it. At such closing, all of the parties to the transaction shall execute such additional documents as are otherwise necessary or appropriate. 
  

 18 

 4.4 Sale to Subject Purchaser. The Company may sell to the Subject Purchaser all of the New
Securities not purchased by the Preemptive Rightholders pursuant to Section 4.2 on terms and conditions that are no more favorable to the Subject Purchaser than those set forth in the New Issuance Notice; provided, however, that such
sale is bona fide and made pursuant to a contract entered into within ninety (90) days following the earlier to occur of (i) the waiver by the Preemptive Rightholders of their option to purchase New Securities pursuant to Section 4.2, and (ii) the
expiration of the 20-day period referred to in Section 4.2. If such sale is not consummated within such 90-day period for any reason, then the restrictions provided for herein shall again become effective, and no issuance and sale of New Securities
may be made thereafter by the Company without again offering the same in accordance with this Section 4. The closing of any issuance and purchase pursuant to this Section 4.4 shall be held at a time and place as the parties to the transaction may
agree within such 90 day period. 
  
 5. After-Acquired
Securities; Agreement to be Bound. 
  
 5.1 After-Acquired
Securities. All of the provisions of this Agreement shall apply to all of the Shares and Ordinary Share Equivalents now owned or which may be issued or transferred hereafter to a Shareholder in consequence of any additional issuance, purchase,
exchange or reclassification of any of such Shares or Ordinary Share Equivalents, corporate reorganization, or any other form of recapitalization, consolidation, merger, share split or share dividend, or which are acquired by a Shareholder in any
other manner. 
  

 19 

 5.2 Agreement to be Bound. The Company shall not issue any share capital or any Ordinary Share
Equivalents to any Person not a party to this Agreement, other than to directors, officers, employees or consultants of the Company pursuant to the Share Option Plan, unless either (a) such Person has agreed in writing to be bound by the terms and
conditions of this Agreement pursuant to an instrument substantially in the form attached hereto as Exhibit C-2, or (b) such Person has entered into an agreement with the Company restricting the transfer of its or his Shares in form and substance
reasonably satisfactory to the Board of Directors. Upon becoming a party to this Agreement, such Person shall be deemed to be, and shall be subject to the same obligations as, an Other Shareholder hereunder. Any issuance of share capital or any
Ordinary Share Equivalents by the Company in violation of this Section 5.2 shall be null and void ab initio. 
  
 5.3 Additional Placement. The Company shall not issue Series B Preferred Shares to any Additional Purchaser pursuant to the Additional Placement,
unless such Additional Purchaser has (a) agreed in writing to be bound by the terms and conditions of this Agreement pursuant to an instrument substantially in the form attached hereto as Exhibit B-3 and (b) executed a Deed of Waiver substantially
in the form attached hereto as Exhibit B-4, and copies of the documents referred to in (a) and (b) shall be given to the General Atlantic Shareholders. Upon becoming a party to this Agreement, such Additional Purchaser shall be deemed to be, and
shall be subject to the same obligations as an Additional Purchaser Shareholder hereunder. Any issuance of Series B Preferred Shares in violation of this Section 5.3 shall be null and void ab initio. The Company may not issue any Series B
Preferred Shares to an Additional Purchaser under the Additional Placement at any time after the date thirty (30) days following the date hereof. 
  
 6. Corporate Governance; Non-Competition. 
  
 6.1 General. From and after the execution of this Agreement, at any regular or special meeting of shareholders of the Company (a
“Shareholders Meeting”) or in any written consent executed in lieu of such a meeting of shareholders (a “Written Consent”) (a) each Shareholder shall vote its Shares, and each Shareholder and the Company shall take
all other actions necessary, to give effect to the provisions of this Agreement (including, without limitation, Sections 6.3 and 6.6 hereof) and to ensure that the Charter Documents do not, at any time hereafter, conflict in any respect with the
provisions of this Agreement; (b) each Shareholder shall vote its Shares, upon any matter submitted for action by the Company’s shareholders or with respect to which such Shareholder may vote or act by Written Consent, in conformity with the
specific terms and provisions of this Agreement and the Charter Documents; and (c) no Shareholder shall vote its Shares in favor of any amendment of the Charter Documents which would conflict with, or purport to amend or supercede, any of the
provisions of this Agreement (including, without limitation, Sections 6.3 and 6.6 hereof). 
  

 20 

 6.2 Shareholder Actions. In order to effectuate the provisions of this Agreement, each
Shareholder (a) hereby agrees that when any action or vote is required to be taken by such Shareholder pursuant to this Agreement, such Shareholder shall use its reasonable best efforts to call, or cause the appropriate officers and directors of the
Company to call, a Shareholders Meeting, or to execute or cause to be executed a Written Consent to effectuate such shareholder action, (b) shall use its reasonable best efforts to cause the Board of Directors to adopt, either at a meeting of the
Board of Directors or by unanimous written consent of the Board of Directors, all the resolutions necessary to effectuate the provisions of this Agreement, and (c) shall use its reasonable best efforts to cause the Board of Directors to cause the
Secretary of the Company, or if there be no secretary, such other officer of the Company as the Board of Directors may appoint to fulfill the duties of Secretary, not to record any vote or consent contrary to the terms of this Agreement. 

 
 6.3 Election of Directors; Number and Composition. 
  
 (a) Each Shareholder shall vote its Shares at any Shareholders Meeting, or
act by Written Consent with respect to such Shares, and take all other actions necessary to ensure that the number of directors constituting the entire Board of Directors shall be seven. 
  
 (b) Each Shareholder shall vote its Shares at any Shareholders Meeting called for the purpose of filling the positions on
the Board of Directors, or in any Written Consent executed for such purpose, and take all other actions necessary to ensure the election to the Board of Directors of (i) the Chief Executive Officer and (ii) two individuals designated by the
Preferred Shareholders (the “Preferred Shareholder Directors”), provided that at least one Preferred Shareholder Director shall be designated by the General Atlantic Shareholders (the “General Atlantic
Director”); provided however, that (x) the General Atlantic Shareholders’ right, and the Shareholders obligation, to elect or designate a General Atlantic Director shall only apply so long as the General Atlantic
Shareholders hold at least 70,745,283 Series A Preferred Shares or 70,745,283 Ordinary Shares (as adjusted for any share splits, share dividends, share combinations, reclassifications and recapitalizations affecting the Series A Preferred Shares or
the Ordinary Shares, as the case may be) and (y) the minimum share ownership threshold which must be owned by the Preferred Shareholders in order to designate the Preferred Shareholder Director other than the General Atlantic Director shall be
agreed upon by the Company and the General Atlantic Shareholders at the time that such Preferred Shareholder Director is designated. 
  
 (c) No later than December 31, 2005, the composition of the Board of Directors shall be changed so that, subject to the requirements set forth in clauses
(i) and (ii) of Section 6.3(b) above, a majority of the members of the Board of Directors shall be comprised of “independent directors”. For purposes of this Section 6.3(c), “independent directors” shall have the meaning ascribed
to it or interpreted in accordance with Rule 4200 of the listing rules of The Nasdaq Stock Market, Inc. 
  

 21 

 (d) In addition, the Company shall, and each Shareholder shall cause the Board of Directors to, cause
each committee of the Board of Directors to include the General Atlantic Director, whether elected pursuant to this Agreement or by virtue of the rights of the General Atlantic Shareholders as holders of Series A Preferred Shares. 
  
 6.4 Removal and Replacement of Director. 
  
 (a) Removal of Directors. If at any time a Preferred Shareholder who
designated a Preferred Shareholder Director pursuant to Section 6.3(b) above notifies the other Shareholders of their wish to remove at any time and for any reason (or no reason) a Preferred Shareholder Director (other than a General Atlantic
Director), then each Shareholder shall vote all of its Shares so as to remove such Preferred Shareholder Director. If at any time the General Atlantic Shareholders notify the other Shareholders of their wish to remove at any time and for any reason
(or no reason) a General Atlantic Director, then each Shareholder shall vote all of its Shares so as to remove such General Atlantic Director. 
  
 (b) Replacement of Directors. 
  
 (i) If at any time, a vacancy is created on the Board of Directors by reason of the incapacity, death, removal or resignation of a Preferred Shareholder
Director or General Atlantic Director, as the case may be, designated pursuant to Section 6.3 hereof, then the Preferred Shareholder who designated such Preferred Shareholder Director or the General Atlantic Shareholders, as the case may be, shall
designate an individual who shall be elected to fill the vacancy until the next Shareholders Meeting. 
  
 (ii) Upon receipt of notice of the designation of a nominee pursuant to Section 6.4(b)(i), each Shareholder shall, as soon as practicable after the date
of such notice, take all reasonable actions, including the voting of its Shares, to elect the director so designated to fill the vacancy. 
  
 6.5 Reimbursement of Expenses; D&O Insurance. The Company shall reimburse the Preferred Shareholder Directors (including, for the avoidance of
doubt, the General Atlantic Director), or their respective designees, for all reasonable travel and accommodation expenses incurred by the Preferred Shareholder Directors (including, for the avoidance of doubt, the General Atlantic Director) in
connection with the performance of its duties as director of the Company upon presentation of appropriate documentation therefor. The Company shall, and each Shareholder shall use reasonable commercial efforts to cause the Board of Directors to
cause the Company to, maintain a directors’ liability insurance policy that is reasonably acceptable to the General Atlantic Director. 
  

 22 

 6.6 Actions of the Shareholders and Board of Directors; Extraordinary Actions Notwithstanding
anything to the contrary contained in this Agreement or otherwise, the Company, whether by action at a Shareholders Meeting or Written Consent or by action or written consent of the Board of Directors or otherwise, shall not, and the Company shall
cause all of its Subsidiaries not to, approve, consent to or otherwise ratify any of the following actions without the consent of the General Atlantic Director: 
  
 (a) (i) any amendment or variation to the number of Preferred Shares authorized on the date hereof or any issuance of
Preferred Shares, other than the Series A Preferred Shares issued on the date hereof and (ii) the approval of the rights and preferences of the Series B Preferred Shares and the terms and conditions of the Additional Placement; 
  
 (b) (i) any creation of a class or series of, or any issuance of or
agreement to issue any preferred shares of the Company (including the Series B Preferred Shares) or any equity securities of the Company or securities or other rights of any kind convertible into or exchangeable for, any equity securities of the
Company ranking pari passu with or senior to the Series A Preferred Shares, or any option, warrant or other subscription or purchase right with respect to such equity securities of the Company, (ii) the issuance of any Share Capital or other
securities convertible into or exercisable for Share Capital of the Company at a price per security representing an equity valuation of the Company less than US$360.0 million, (iii) the redemption of any Share Capital of the Company or securities
convertible into or exercisable for Share Capital of the Company, other than the redemption of the Series A Preferred Shares pursuant to Section 5 of Bye-law 79 of the Charter Documents or (iv) the issuance of any Share Capital of a Subsidiary;

  
 (c) any amendment, modification or restatement of the Charter
Documents or the charter documents of any Subsidiary, including without limitation by merger, consolidation, business combination or otherwise; 
  
 (d) any action which adversely affects or harms the interests of the holders of Preferred Shares, whether by amendment to the Charter Documents or the
charter documents of any Subsidiary or by merger, consolidation, business combination or otherwise; 
  
 (e) any material change in the scope, nature or activities of the business of the Company or any Subsidiary; 
  
 (f) any listing of securities of the Company or any Subsidiary on any
securities exchange, other than a listing of the Ordinary Shares pursuant to a bona fide firm commitment underwritten initial public offering of Ordinary Shares, resulting in net proceeds (after underwriting discounts and commissions) to the Company
of at least US$100 million, and in which the underwriting is lead managed by an internationally recognized investment banking firm and such securities are listed on The Nasdaq Stock Market, Inc. or other internationally recognized stock exchange;

  

 23 

 (g) any declaration, distribution or payment of any dividend or other distribution on any Share Capital
by the Company or any Subsidiary, other than the payment of dividends on Preferred Shares; 
  
 (h) the creation of any Lien on any of the assets of the Company or any Subsidiary, except for Permitted Liens; 
  
 (i) the Company’s or any Subsidiary’s issuance or becoming liable for any Indebtedness other than Indebtedness up to an aggregate amount of
US$5.0 million for both the Company and its Subsidiaries on a consolidated basis pursuant to commercial banking facilities entered into on an arm’s length basis and as provided in the Company’s business plan, it being understood that the
General Atlantic Director will not unreasonably withhold its consent in the event the Company seeks a consent or waiver pursuant to this clause (i); 
  
 (j) (A) any Sale Transaction or (B) any sale, conveyance, exchange or transfer to another Person of any assets of the Company or any Subsidiary,
including by way of lease, except, in the case of clause (B) in the ordinary course of business or intergroup transfers of assets between wholly-owned Subsidiaries of the Company; 
  
 (k) any transaction between the Company or any of its Subsidiaries, on the one hand, and any Related Party, on the other
hand; 
  
 (l) any capital expenditures by the Company or any
Subsidiary in excess of US$500,000 (excluding those for repurchase of Ordinary Shares from the Selling Shareholders pursuant to the terms and conditions of the Sellers Agreement) and any other expenditures in excess of US$500,000 not included in the
annual operating budget; 
  
 (m) any material change in
accounting methods or policies of the Company, except for this necessary to comply with the relevant generally accepted accounting requirements in the regions where the Company conducts its business and is required to prepare financial statements;
and 
  
 (n) any change in the size of the Board of Directors from
seven (7) members. 
  

 24 

 6.7 Conversion and Redemption. The Company shall, and the Shareholders shall procure that the
Company shall, take all actions necessary so that: 
  
 (a) the Ordinary Shares will be issued upon conversion of the Series A Preferred Shares and the Series B Preferred Shares (if any) in accordance with the terms of the Amended Bye-laws (which shall include the payment or provision of
sufficient legally available funds in the appropriate share capital, share premium, contributed surplus, reserves, retained profits or other accounts and capitalization of any reserves or accounts to effect such conversion); and 
  
 (b) the Series A Preferred Shares and the Series B Preferred Shares (if any)
will be redeemed on the Redemption Date (as defined in the Amended Bye-laws) in accordance with the terms of the Amended Bye-laws (which shall include taking action, or omitting to take action, necessary to ensure that the Company will satisfy any
“solvency test” required under Bermuda law in connection with such redemption). 
  
 6.8 Annual Budget. Not less than thirty (30) days prior to the end of each fiscal year, the Company shall prepare and submit to the Board of Directors for its approval an annual operating budget, annual
business plan and projected financial statements of the Company for the next succeeding fiscal year in reasonable detail. 
  
 6.9 Rights and Obligations of the Shareholders and the Company in Relation to Each Subsidiary. The Company shall cause the board of directors (or
similar governing body) of each Subsidiary, to the extent permitted by applicable law, to be the same size as the Board of Directors and, at the election of any Shareholder entitled to designate a director pursuant to Section 6.3(b) or the Charter
Documents, to be comprised of director(s) designated by such Shareholder in the same proportion as such Shareholder is represented on the Board of Directors. The right of designation by each Shareholder shall also carry the right to remove or
replace the director so nominated, and if a designating Shareholder ceases to be a Shareholder, such Shareholder shall immediately cause the directors on the board of directors of each Subsidiary appointed by such Shareholder to resign or be
removed. The Shareholders shall cause their designees to the boards of directors of the Subsidiaries to vote in the manner determined by the Board of Directors and shall cause any director who fails to vote in such manner to be removed. The Company
hereby covenants and agrees that all actions of any board of directors of any Subsidiary must be approved prior to the taking of such action by the Board of Directors and no board of directors of any Subsidiary shall execute any written consent or
pass any resolution or take any action whatsoever that affects or relates to the Company or any Subsidiary without the prior written approval or consent of the Board of Directors. 
  
 6.10 Non-Competition. 
  
 (a) During the later of the respective terms of employment of Victor Chan and Dong Yu Xiao (collectively, the “Founding Shareholders”,
and each a “Founding Shareholder”) and for a period of two years following the earlier of (A) the expiration of the term of employment of such Founding Shareholder and (B) the date the Founding Shareholder ceases to be employed by
the Company or any of its Subsidiaries (the “Restricted Period”), such Founding Shareholder will not directly or indirectly, (w) engage in any business for his own account that competes with the business of the Company or any of its
Subsidiaries in any geographical area in which the Company or any of its Subsidiaries does business, (x) enter the employ of, or render any services to, any person engaged in any business that competes with the business of the Company or any of its
Subsidiaries in any geographical area in which the Company or any of its Subsidiaries does business, (y) acquire a financial interest in, or otherwise become actively involved with, any person engaged in any business that competes with the business
of the Company or any of its Subsidiaries in any geographical area in which the Company or any of its Subsidiaries does business, directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or
consultant, or (z) interfere with business relationships (whether formed before or after the date hereof) between the Company or any of its Subsidiaries and customers or suppliers of, or consultants to, the Company or any of its Subsidiaries.

  

 25 

 (b) Notwithstanding anything to the contrary in the Agreement, any Founding Shareholder may, directly or
indirectly own, solely as an investment, securities of any person that is not engaged in the business of the Company or any of its Subsidiaries which are publicly traded on a national or regional stock exchange or on the over-the-counter market if
such Founding Shareholder (A) is not a controlling Person of, or a member of a group which controls, such Person and (B) does not, directly or indirectly, own 1% or more of any class of securities of such Person. 
  
 (c) During the Restricted Period, no Founding Shareholder shall, directly or
indirectly, solicit or encourage to cease to work with the Company or any of its Subsidiaries, or directly or indirectly, hire any person who is an employee of or consultant then under contract with any member of the Company or any of its
Subsidiaries or who was an employee of or consultant then under contract with the Company or any of its Subsidiaries within the six month period preceding such activity without the written consent of the Company or the relevant Subsidiary.

  
 (d) It is expressly understood and agreed that although the
Founding Shareholder and the Company and its Subsidiaries consider the restrictions contained in this Section 6.11 to be reasonable, if a judicial determination is made by a court of competent jurisdiction that the time or territory or any other
restriction contained in the Agreement is an unenforceable restriction against any Executive, the provisions of the Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum
extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as
to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein. 
  
 (e) Each Founding Shareholder has provided to the Company and the General Atlantic Shareholders a list of all businesses in which he has an equity or
debt interest, and the relationships between such businesses and the Company and its Subsidiaries. Each Founding Shareholder shall update such list whenever he acquires or disposes of any such interest. 
  

 26 

 (f) The Company will be the exclusive vehicle to hold all of the Founding Shareholders’ portable
digital audio and consumer electronics products businesses. Any opportunities presented to Founding Shareholder in the nature of portable digital audio or consumer electronics products must be offered to the Company, and not to any Affiliate or
Subsidiary of the Company or any Family Member of any Founding Shareholder, without the prior written consent of the Board of Directors. 
  
 7. Share Certificate Legend. A copy of this Agreement shall be filed with the Secretary of the Company and kept with the records of the Company.
Each certificate representing Shares now held or hereafter acquired by any Shareholder shall for as long as this Agreement is effective bear legends substantially in the following forms: 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “ACT”), OR THE UNITED STATES SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY FOREIGN JURISDICTION. THE SECURITIES MAY NOT BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE AND FOREIGN SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS. 
  
 THE SALE, ASSIGNMENT, HYPOTHECATION, PLEDGE, ENCUMBRANCE OR OTHER
DISPOSITION (EACH A “TRANSFER”) AND VOTING OF ANY OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED BY THE TERMS OF THE SHAREHOLDERS AGREEMENT, DATED JUNE 17, 2005, AMONG THE COMPANY AND THE SHAREHOLDERS NAMED THEREIN, A
COPY OF WHICH MAY BE INSPECTED AT THE COMPANY’S PRINCIPAL OFFICE. THE COMPANY WILL NOT REGISTER THE TRANSFER OF SUCH SECURITIES ON THE BOOKS OF THE COMPANY UNLESS AND UNTIL THE TRANSFER HAS BEEN MADE IN COMPLIANCE WITH THE TERMS OF THE
SHAREHOLDERS AGREEMENT. 
  

 27 

 8. Miscellaneous. 
  
 8.1 Notices. All notices, demands or other communications provided for or permitted hereunder shall be made in
writing and shall be by registered or certified first class mail, return receipt requested, telecopier, courier service or personal delivery: 
  

	 	(a)	if to the Company: 

  
 A-Max Technology Limited 
 10/F, A-Max
Technology Tower 
 12-16 Fui Yiu Kok Street 
 Tsuen Wan, New Territories 
 Hong Kong 
 Telecopy: (852) 2798 6699 
 Attention: Diana
Chan 
  
 with a copy to: 
  
 Latham & Watkins LLP 
 41st Floor, One
Exchange Square 
 8 Connaught Road 
 Central, Hong Kong 
 Telecopy: (852) -2522-7006 
 Attention: David T. Zhang, Esq.  
  

	 	(b)	if to any of the General Atlantic Shareholders: 

  
 c/o General Atlantic Service Corporation 
 3
Pickwick Plaza 
 Greenwich, CT 06830 
 Telecopy: (203) 622-8818 
 Attention: Matthew Nimetz, Esq. 
                  David A. Rosenstein, Esq. 
  
 with a copy to: 
  
 Paul, Weiss, Rifkind, Wharton & Garrison, LLP 
 1285 Avenue of the Americas 
 New York, NY
10019-6064 
 Telecopy: (212) 757-3990 
 Attention: Douglas A. Cifu, Esq. 
  

 28 

 with a copy to: 
  
 Paul, Weiss, Rifkind, Wharton & Garrison 
 12/F, Hong Kong Club Building 
 3A Chater Road, Central 
 Hong Kong 
 Telecopy: (852) 2536-9622

 Attention: Jeanette K. Chan, Esq. 
  

	 	(c)	if to any other Shareholder, at its address as it appears on the record books of the Company. 

  
 All such notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered;
when delivered by courier, if delivered by commercial courier service; five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if telecopied. Any party may by notice given
in accordance with this Section 8.1 designate another address or Person for receipt of notices hereunder. 
  
 8.2 Publicity; Confidentiality. Except as may be required by applicable Requirement of Law, neither the Company nor the Shareholders shall issue a
press release or public announcement or otherwise make any public disclosure concerning this Agreement without the prior approval of (i) the Company, (ii) the General Atlantic Shareholders and (iii) the Major Shareholders; provided,
however, that nothing in this Agreement shall restrict party from disclosing information (a) that is already publicly available, (b) that may be required or appropriate in response to any summons or subpoena or in connection with any
litigation, provided that such party will use reasonable efforts to notify the other parties in advance of such disclosure so as to permit the other parties to seek a protective order or otherwise contest such disclosure, and such party will
use reasonable efforts to cooperate, at the expense of the Company, with the Company in pursuing any such protective order, (c) to the extent that such party reasonably believes it appropriate in order to comply with any Requirement of Law, (d) to
such party’s officers, directors, shareholders, investors, advisors, employees, members, partners, controlling persons, auditors or counsel as may be reasonably required or (e) to Persons from whom releases, consents or approvals are required,
or to whom notice is required to be provided, pursuant to any Requirement of Law; and provided further, that GA LLC may disclose on its worldwide web page, www.generalatlantic.com, the name of the Company, the name of the Chief
Executive Officer of the Company, a brief description of the business of the Company, the Company’s logo and the aggregate amount of the General Atlantic Shareholders’ investment in the Company. In no event shall the Company or any of the
Major Shareholders issue a press release or public announcement or otherwise make any public disclosure about the General Atlantic Shareholders without the prior written consent of the General Atlantic Shareholders. 
  

 29 

 8.3 Successors and Assigns; Third Party Beneficiary. This Agreement shall inure to the benefit of
and be binding upon successors and permitted assigns of the parties hereto. This Agreement is not assignable except in connection with a transfer of Shares in accordance with this Agreement. No person other than the parties hereto and their
successors and permitted assigns is intended to be a beneficiary of this Agreement. 
  
 8.4 Amendment and Waiver. 
  
 (a) No failure or delay on the part of any party hereto in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or
further exercise thereof or the exercise of any other right, power or remedy. The remedies provided for herein are cumulative and are not exclusive of any remedies that may be available to the parties hereto at law, in equity or otherwise.

  
 (b) Any amendment, supplement or modification of or to any
provision of this Agreement, any waiver of any provision of this Agreement, and any consent to any departure by any party from the terms of any provision of this Agreement, shall be effective only if it is made or given in writing and signed by (i)
the Company, (ii) Major Shareholders holding a majority of Shares owned by all Major Shareholders (iii) Additional Purchaser Shareholders holding a majority of Shares owned by all Additional Purchaser Shareholders and (iv) the General Atlantic
Shareholders. Any such amendment, supplement, modification, waiver or consent shall be binding upon the Company and all of the Shareholders. Notwithstanding the first sentence of this Section 8.4(b), the Company, without the consent of any other
party hereto (other than the General Atlantic Shareholders), may amend this Agreement to add any Subsequent General Atlantic Purchaser as a party to the Agreement as a General Atlantic Shareholder. 
  
 8.5 Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a
signature page of this Agreement shall be as effective as delivery of a manually executed counterpart of a signature page of this Agreement. 
  
 8.6 Specific Performance. The parties hereto intend that each of the parties have the right to seek damages or specific performance in the event
that any other party hereto fails to perform such party’s obligations hereunder. Therefore, if any party shall institute any action or proceeding to enforce the provisions hereof, any party against whom such action or proceeding is brought
hereby waives any claim or defense therein that the plaintiff party has an adequate remedy at law. 
  

 30 

 8.7 Headings. The headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof. 
  
 8.8
GOVERNING LAW; CONSENT TO JURISDICTION. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF. The parties hereto irrevocably
submit to the exclusive jurisdiction of any state or federal court sitting in the County of New York, in the State of New York over any suit, action or proceeding arising out of or relating to this Agreement. To the fullest extent they may
effectively do so under applicable law, the parties hereto irrevocably waive and agree not to assert, by way of motion, as a defense or otherwise, any claim that they are not subject to the jurisdiction of any such court, any objection that they may
now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

 
 8.9 WAIVER OF JURY TRIAL EACH OF THE PARTIES
HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HERETO HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 8.9. 
  
 8.10 Severability. If any one or more
of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and
of the remaining provisions hereof shall not be in any way impaired, unless the provisions held invalid, illegal or unenforceable shall substantially impair the benefits of the remaining provisions hereof. 
  

 31 

 8.11 Rules of Construction. Unless the context otherwise requires, references to sections or
subsections refer to sections or subsections of this Agreement. 
  
 8.12 Entire Agreement. This Agreement, together with the exhibits hereto, is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of
the parties hereto in respect of the subject matter contained herein and therein. There are no restrictions, promises, representations, warranties or undertakings, other than those set forth or referred to herein or therein. This Agreement, together
with the exhibits hereto, supersede all prior agreements and understandings among the parties with respect to such subject matter. 
  
 8.13 Term of Agreement. This Agreement shall become effective upon the execution hereof and shall terminate upon the earliest of (a) the IPO
Effectiveness Date, (b) a Liquidation (c) the consummation of a Sale Transaction and (d) the twelfth anniversary of the date hereof. 
  
 8.14 Further Assurances. Each of the parties shall, and shall cause their respective Affiliates to, execute such documents and perform such
further acts as may be reasonably required or desirable to carry out or to perform the provisions of this Agreement. 
  
 [Remainder of page intentionally left blank] 
  

 32 

 IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this Shareholders
Agreement on the date first written above. 
  

			
	A-MAX TECHNOLOGY LIMITED
		
	By:	 	 /s/

	Name:	 	Chan Ching Fun, Diana
	Title:	 	Director
	
	 GENERAL ATLANTIC PARTNERS
 (BERMUDA),
L.P.

		
	By:	 	GAP (BERMUDA) LIMITED,
	 	 	its General Partner
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Vice President
	
	GAP-W INTERNATIONAL, LLC
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Vice President
	
	GAP COINVESTMENTS III, LLC
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	A Managing Member
	
	GAP COINVESTMENTS IV, LLC
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	A Managing Member

  
 Signature Page to
the Shareholders Agreement 

			
	GAPSTAR, LLC
		
	By:	 	GENERAL ATLANTIC LLC,
	 	 	its Sole Member
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Managing Director
	
	GAPCO GMBH & CO. KG
		
	By:	 	GAPCO MANAGEMENT GMBH,
	 	 	its General Partner
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Managing Director

  
 Signature Page to
the Shareholders Agreement 

			
	BILLION CREATION LIMITED
		
	By:	 	 /s/

	Name:	 	Victor Chan
	Title:	 	Director
	
	TEAMBEST LIMITED
		
	By:	 	 /s/

	Name:	 	Victor Chan
	Title:	 	Director
	
	VITAL CHAMPION LIMITED
		
	By:	 	 /s/

	Name:	 	Victor Chan
	Title:	 	Director
	
	ALLIED KNIGHT FINANCE LIMITED
		
	By:	 	 /s/

	Name:	 	Sin Just Wong
	Title:	 	Director
	
	BRILLIANT ELITE LIMITED
		
	By:	 	 /s/

	Name:	 	Lawrence Kam Kee Yu
	Title:	 	Director
	
	LUCKTIME MANAGEMENT LIMITED
		
	By:	 	 /s/

	Name:	 	Ka Pun Fung
	Title:	 	Director

  
 Signature Page to
the Shareholders Agreement 

			
	SEAMLESS CHINA PROFITS LIMITED
		
	By:	 	 /s/

	Name:	 	Cheng Yin Sang, Stephen
	Title:	 	Director
	  
 /s/

	 Chan Hok Yiu, Victor
  
 /s/

	 Dong Yu Xiao
  
 /s/

	 Chiao Shou Cheng
  
 /s/

	 Lee Jaw Lung
  
 /s/

	 Wong Sin Just
  
 /s/

	 Yu Kam Kee, Lawrence
  
 /s/

	 Fung Ka Pun
  
 /s/

	Cheng Yin Sang, Stephen

  
 Signature Page to
the Shareholders Agreement 

 Schedule 1 
  

Major Investors 
  

	1.	Billion Creation Limited 

	2.	Teambest Limited 

	3.	Vital Champion Limited 

 Schedule 2 
  

Minor Investors 
  

	1.	Allied Knight Finance Limited 

	2.	Brilliant Elite Limited 

	3.	Lucktime Management Limited 

	4.	Seamless China Profits Limited 

 Schedule 3 
  

Beneficial Owners 
  

	1.	Chan Hok Yiu, Victor 

	2.	Dong Yu Xiao 

	3.	Chiao Shou Cheng 

	4.	Lee Jaw Lung 

	5.	Wong Sin Just 

	6.	Yu Kam Kee, Lawrence 

	7.	Fung Ka Pun 

	8.	Cheng Yin Sang, Stephen 

 Exhibit A 
  

Charter Documents (including Bye-law 79) 
  
 [Intentionally omitted] 

 Exhibit B-11 
  
 ACKNOWLEDGMENT AND AGREEMENT 
  
 The undersigned wishes to receive from
                     (“Transferor”) certain shares or certain options, warrants or other rights to purchase
             shares, par value US$0.00002 per share, of Ordinary Shares (the “Shares”) of A-Max Technology Limited, a company organized and existing under the laws
of Bermuda corporation (the “Company”); 
  
 The
Shares are subject to the Shareholders Agreement, dated [                    ], 2005 (the “Agreement”), among the Company and the
other parties listed on the signature pages thereto; 
  
 The
undersigned has been given a copy of the Agreement and afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms; 
  
 Pursuant to the terms of the Agreement, the Transferor is prohibited from transferring such Shares and the Company is
prohibited from registering the transfer of the Shares unless and until a transfer is made in accordance with the terms and conditions of the Agreement and the recipient of such Shares acknowledges the terms and conditions of the Agreement and
agrees to be bound thereby; and 
  
 The undersigned wishes to
receive such Shares and have the Company register the transfer of such Shares. 
  
 In consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Transferor to transfer such
Shares to the undersigned and the Company to register such transfer, the undersigned does hereby acknowledge and agree that (i) he[/she] has been given a copy of the Agreement and afforded ample opportunity to read and to have counsel review it, and
the undersigned is thoroughly familiar with its terms, (ii) the Shares are subject to the terms and conditions set forth in the Agreement, and (iii) the undersigned does hereby agree fully to be bound thereby as a [a “General Atlantic
Shareholder”] [a “Major Shareholder”] [an “Additional Purchaser Shareholder”] [an “Other Shareholder”] (as therein defined). 
  

This      day of
                    , 20    . 
  
  

	 	

  

	1	For transfers of previously issued stock. 

 Exhibit B-21

  
 ACKNOWLEDGMENT AND AGREEMENT 
  
 The undersigned wishes to receive from A-Max Technology Limited, a company
organized and existing under the laws of Bermuda corporation (the “Company”),              shares, par value US$0.00002 per share, of Ordinary Shares, or certain
newly issued options, warrants or other rights to purchase              shares of Ordinary Shares (the “Shares”), of the Company; 
  
 The Shares are subject to the Shareholders Agreement, dated
[                    ], 2005 (the “Agreement”), among the Company and the other parties listed on the signature pages thereto;

  
 The undersigned has been given a copy of the Agreement and
afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms; 
  
 Pursuant to the terms of the Agreement, the Company is prohibited from issuing the Shares unless and until the same are first offered to the Preemptive
Rightholders (as defined in the Agreement) in accordance with the terms and conditions of the Agreement and the recipient of such Shares acknowledges the terms and conditions of the Agreement and agrees to be bound thereby; and 
  
 The undersigned wishes to receive such Shares. 
  
 In consideration of the mutual promises contained herein and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Company to issue such Shares, the undersigned does hereby acknowledge and agree that (i) he[/she] has been given a copy of the Agreement and
afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms, (ii) the Shares are subject to terms and conditions set forth in the Agreement, and (iii) the undersigned does hereby agree
fully to be bound thereby as an “Other Shareholder” (as therein defined). 
  
 This      day of                     , 20    .

  
  

	 	

  

	1	For newly issued stock. 

 Exhibit B-3 
  

ACKNOWLEDGMENT AND AGREEMENT 
  
 The undersigned wishes to receive from A-Max Technology Limited, a company organized and existing under the laws of the Cayman Islands (the
“Company”),              Series B Preferred Shares[, par value US$0.00002 per share, (the “Shares”),] of the Company pursuant to the Share
Subscription Agreement dated [                    ], 2005 by and between the Company and
[                    ]; 
  
 The Shares are subject to the Shareholders Agreement, dated
[                    ], 2005 (the “Agreement”), among the Company and the other parties listed on the signature pages thereto;

  
 The undersigned has been given a copy of the Agreement and
afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms; and 
  
 The undersigned wishes to receive such Shares. 
  
 In consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and to induce the Company to issue such Shares, the undersigned does hereby acknowledge and agree that (i) he[/she] has been given a copy of the Agreement and afforded ample opportunity to read and to have counsel review it, and the
undersigned is thoroughly familiar with its terms, (ii) the Shares are subject to terms and conditions set forth in the Agreement, and (iii) the undersigned does hereby agree fully to be bound thereby as an “Additional Purchaser
Shareholder” (as therein defined). 
  
 This
     day of                     , 2005. 
  
  

	 	

 Exhibit B-4 
  

DEED OF WAIVER 
  
 Date 
  
 A-Max Technology Limited 
 Clarendon House, 2 Church Street 
 Hamilton HM11, Bermuda 
  
 Ladies and Gentlemen: 
  
 WHEREAS: 
  

	(A)	A-Max Technology Limited, a limited liability company, organized and existing under the laws of Bermuda (the “Company”), has entered into the Shareholders Agreement
dated June     , 2005, by and among the Company, General Atlantic Partners (Bermuda) L.P., GAP-W International, LLC, GAP Coinvestments III, LLC, GAP Coinvestments IV, LLC, GapStar, LLC, GAPCO GmbH & Co. KG and the
other parties named therein (the “Shareholders Agreement”). 

  

	(B)	Pursuant to the terms of the Shareholders Agreement, as a condition to the sale of any Series B Convertible Redeemable Preferred Shares of the Company, par value US$0.00002 (the
“Series B Preferred Shares”), by the Company to the undersigned investors (the “Series B Preferred Investors”), the Series B Investors have agreed to waive certain rights with respect to the Series B Preferred
Shares. 

  
 WITNESSETH as follows: 
  

	1.	Each Series B Investor hereby unconditionally, irrevocably and absolutely waives all rights, if any, to vote separately as a class with respect to any matters or any actions deemed
to vary the rights of the Series B Preferred Shares. 

  

	2.	Each Series B Investor hereby undertakes that it will do all such things and execute all such documents as may be necessary or desirable to carry into effect or to give legal effect
to the provisions of this Deed and the transactions hereby contemplated. 

  

	3.	The formation, validity, interpretation, execution and settlement of disputes arising out of this Deed shall be construed in accordance with and governed by the laws of Bermuda.

  

	4.	Each party hereto irrevocably agrees that the courts of Bermuda shall have jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes which may
arise out of or in connection with this Deed and for such purposes irrevocably submits to the non-exclusive jurisdiction of such courts. 

 IN WITNESS WHEREOF this letter has been duly executed as a deed on the date first above written. 
  

			
	SERIES B PURCHASER	  	 
		
	The Common Seal of	  	)
	was hereunto affixed in the	  	)
	presence of :-	  	)
	 	  	)
	  

	  	)
		
	The Common Seal of	  	)
	was hereunto affixed in the	  	)
	presence of :-	  	)
	 	  	)
	  

	  	)
		
	AGREED AND ACKNOWLEDGED	  	 
		
	The Common Seal of	  	)
	A-MAX TECHNOLOGY LIMITED	  	)
	was hereunto affixed in the	  	)
	presence of :-	  	)
	 	  	)
	  

	  	)Registration Rights Agreement, dated as of June 17, 2005

 Exhibit 4.6 
  

EXECUTION COPY 
  

  
 REGISTRATION RIGHTS AGREEMENT 
  
 by and among 
  
 A-MAX TECHNOLOGY LIMITED, 
  
 GENERAL ATLANTIC PARTNERS (BERMUDA), L.P., 
  
 GAP-W INTERNATIONAL, LLC, 
  
 GAPSTAR, LLC, 
  
 GAP COINVESTMENTS III, LLC, 
  
 GAP COINVESTMENTS IV, LLC 
  
 and

  
 GAPCO GMBH & CO. KG 
  

  
 Dated: June 17, 2005 
  

  

 Table of Contents 
  

					
	 	  	 	  	Page

	1.	  	DEFINITIONS	  	1
			
	2.	  	GENERAL; SECURITIES SUBJECT TO THIS AGREEMENT.	  	6
			
	3.	  	DEMAND REGISTRATION.	  	7
			
	4.	  	INCIDENTAL OR “PIGGY-BACK” REGISTRATION.	  	9
			
	5.	  	FORM F-3 REGISTRATION.	  	10
			
	6.	  	RESTRICTIONS ON PUBLIC SALE BY THE COMPANY.	  	11
			
	7.	  	REGISTRATION PROCEDURES	  	12
			
	8.	  	INDEMNIFICATION; CONTRIBUTION	  	16
			
	9.	  	ADDITIONAL COVENANTS	  	18
			
	10.	  	NON-U.S. LISTINGS.	  	19
			
	11.	  	MISCELLANEOUS.	  	19

  

 i 

 EXECUTION COPY 
  
 REGISTRATION RIGHTS AGREEMENT 
  

REGISTRATION RIGHTS AGREEMENT, dated June 17, 2005 (this ”Agreement”), among A-Max Technology Limited, a company organized and
existing under the laws of Bermuda (the “Company”), General Atlantic Partners (Bermuda), L.P., a Bermuda limited partnership (“GAP LP”), GAP-W International, LLC, a Delaware limited liability company
(“GAP-W”), GAP Coinvestments III, LLC, a Delaware limited liability company (“GAP Coinvestment III”), GAP Coinvestments IV, LLC, a Delaware limited liability company (“GAP Coinvestment IV”),
GapStar, LLC, a Delaware limited liability company (“GapStar”) and GAPCO GmbH & Co. KG, a German limited partnership (“GmbH Coinvestment”). 
  
 WHEREAS, pursuant to the Share Subscription Agreement, dated May 27, 2005 (the “Subscription Agreement”),
among the Company, GAP LP, GAP-W, GAP Coinvestment III, GAP Coinvestment IV, GapStar, GmbH Coinvestment and the other parties named therein, the Company has agreed to issue and sale to GAP LP, GAP-W, GAP Coinvestment III, GAP Coinvestment IV,
GapStar and GmbH Coinvestment, an aggregate of 141,490,566 shares of Series A Convertible Participating Redeemable Preferred Shares, par value US$0.00002 per share, of the Company (the “Preferred Shares”); 
  
 WHEREAS, concurrently herewith, the Company, GAP LP, GAP-W, GAP Coinvestment
III, GAP Coinvestment IV, GapStar and GmbH Coinvestment and the other Shareholders named therein are entering into the Shareholders Agreement (as hereinafter defined), pursuant to which the parties thereto have agreed to, among other things, certain
first offer and tag-along rights, preemptive rights and certain corporate governance rights and obligations; and 
  
 WHEREAS, in order to induce each of GAP LP, GAP-W, GAP Coinvestment III, GAP Coinvestment IV, GapStar and GmbH Coinvestment to purchase its Preferred
Shares, and to induce the parties hereto to enter into the Shareholders Agreement, the Company has agreed to grant registration rights with respect to the Registrable Securities (as hereinafter defined) as set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein and for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Definitions. 
  
 As used in this Agreement, and unless the context requires a different meaning, the following terms have the meanings indicated: 
  
 “ADSs” means American Depositary Shares, each of which will
represent a certain number of Ordinary Shares. 

 “Affiliate” means, with respect to any Person, any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by or is under common control with, the Person specified. 
  
 “Agreement” has the meaning set forth in the preamble to this Agreement. 
  
 “Approved Underwriter” has the meaning set forth in Section 3(e) of this Agreement. 
  
 “Board of Directors” means the Board of Directors of the
Company. 
  
 “Business Day” means any day other
than a Saturday, Sunday or other day on which commercial banks in the State of New York, Bermuda, Hong Kong or the PRC are authorized or required by law or executive order to close. 
  
 “Closing Price” means, with respect to the Registrable Securities, as of the date of determination, (a) if
the Registrable Securities are listed on a national securities exchange, the closing price per share of a Registrable Security on such date published in The Wall Street Journal (National Edition) or, if no such closing price on such date is
published in The Wall Street Journal (National Edition), the average of the closing bid and asked prices on such date, as officially reported on the principal national securities exchange on which the Registrable Securities are then listed or
admitted to trading; or (b) if the Registrable Securities are not then listed or admitted to trading on any national securities exchange but are designated as national market system securities by the NASD, the last trading price per share of a
Registrable Security on such date; or (c) if there shall have been no trading on such date or if the Registrable Securities are not designated as national market system securities by the NASD, the average of the reported closing bid and asked prices
of the Registrable Securities on such date as shown by The Nasdaq Stock Market, Inc. (or its successor) and reported by any member firm of The New York Stock Exchange, Inc. selected by the Company; or (d) if none of (a), (b) or (c) is applicable, a
market price per share determined by the Board of Directors which determination shall be conclusive if made in good faith. If trading is conducted on a continuous basis on any exchange, then the closing price shall be at 4:00 P.M. New York City
time. 
  
 “Commission” means the United States
Securities and Exchange Commission or any similar agency then having jurisdiction to enforce the Securities Act. 
  
 “Company” has the meaning set forth in the preamble to this Agreement. 
  
 “Company Underwriter” has the meaning set forth in Section 4(a) of this Agreement. 
  
 “control” (including the terms
“controlling,” “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through the ownership of voting securities, by contract or otherwise. 
  

 2 

 “Demand Registration” has the meaning set forth in Section 3(a) of this Agreement.

  
 “Designated Holder” means each of the General
Atlantic Shareholders, and any transferee of any of them to whom Registrable Securities have been transferred in accordance with Section 11(f) of this Agreement, other than a transferee to whom Registrable Securities have been transferred pursuant
to a Registration Statement under the Securities Act or Rule 144 or Regulation S under the Securities Act (or any successor rule thereto). 
  
 “Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
thereunder. 
  
 “Exchange Act Registration” has
the meaning set forth in Section 3(a) of this Agreement. 
  
 “F-3 Initiating Holders” has the meaning set forth in Section 5(a) of this Agreement. 
  
 “F-3 Registration” has the meaning set forth in Section 5(a) of this Agreement. 
  
 “GA LLC” means General Atlantic, LLC, a Delaware limited
liability company and the general partner of GAP LP and the managing member of GapStar, and any successor to such entity. 
  
 “GAP Coinvestment III” shall have the meaning ascribed to it in the preamble to this Agreement. 
  
 “GAP Coinvestment IV” shall have the meaning ascribed to it
in the preamble to this Agreement. 
  
 “GAP LP”
shall have the meaning ascribed to it in the preamble to this Agreement. 
  
 “GAP-W” shall have the meaning ascribed to it in the preamble to this Agreement. 
  
 “GapStar” shall have the meaning ascribed to it in the preamble to this Agreement. 
  
 “General Atlantic Shareholders” means GAP LP, GAP-W, GAP
Coinvestment III, GAP Coinvestment IV, GapStar and GmbH Coinvestment, any Subsequent General Atlantic Purchaser and any Permitted Transferee (as defined in the Shareholders Agreement) thereof to whom Registrable Securities are transferred in
accordance with Section 2.2 of the Shareholders Agreement (so long as such agreement is in effect) and Section 11(f) of this Agreement. 
  

 3 

 “GmbH Coinvestment” shall have the meaning ascribed to it in the preamble to this
Agreement. 
  
 “GmbH Management” means GAPCO
Management GmbH, a German company with limited liability and the general partner of GmbH Coinvestment, and any successor to such entity. 
  
 “Holders’ Counsel” has the meaning set forth in Section 7(a)(i) of this Agreement. 
  
 “Incidental Registration” has the meaning set forth in
Section 4(a) of this Agreement. 
  
 “Indemnified
Party” has the meaning set forth in Section 8(c) of this Agreement. 
  
 “Indemnifying Party” has the meaning set forth in Section 8(c) of this Agreement. 
  
 “Initial Public Offering” means the initial public offering of the Ordinary Shares of the Company pursuant to an effective Registration
Statement filed under the Securities Act. 
  
 “Initiating
Holders” has the meaning set forth in Section 3(a) of this Agreement. 
  
 “Inspector” has the meaning set forth in Section 7(a)(vii) of this Agreement. 
  
 “IPO Effectiveness Date” means the date upon which the Company closes its Initial Public Offering. 
  
 “Liability” has the meaning set forth in Section 8(a) of
this Agreement. 
  
 “Market Price” means, on any
date of determination, the average of the daily Closing Price of the Registrable Securities for the immediately preceding ten (10) days on which the relevant securities exchanges or trading systems are open for trading. 
  
 “NASD” means the National Association of Securities Dealers,
Inc. 
  
 “Ordinary Share Equivalent” means any
security or obligation which is by its terms, directly or indirectly, convertible, exchangeable or exercisable into or for Ordinary Shares, including, without limitation, the Preferred Shares, and any option, warrant or other subscription or
purchase right with respect to Ordinary Shares or any Ordinary Share Equivalent. 
  

 4 

 “Ordinary Shares” means the Ordinary Shares, par value US$[0.001] per share, of the
Company or any other share capital of the Company into which such stock is reclassified or reconstituted and any other ordinary shares of the Company. 
  
 “Person” means any individual, firm, corporation, partnership, limited liability company, trust, incorporated or unincorporated
association, joint venture, joint stock company, limited liability company, government (or an agency or political subdivision thereof) or other entity of any kind, and shall include any successor (by merger or otherwise) of such entity. 

 
 “Preferred Shares” has the meaning set forth in the
recitals to this Agreement. 
  
 “Records” has the
meaning set forth in Section 7(a)(vii) of this Agreement. 
  
 “Registrable Securities” means each of the following: (a) any and all Ordinary Shares owned by the Designated Holders or issued or issuable upon conversion of Preferred Shares and any Ordinary Shares issued or issuable upon
conversion of any preferred shares or exercise of any warrants acquired by any of the Designated Holders after the date hereof, (b) any other Ordinary Shares acquired or owned by any of the Designated Holders prior to the IPO Effectiveness Date, or
acquired or owned by any of the Designated Holders after the IPO Effectiveness Date if such Designated Holder is an Affiliate of the Company and (c) any Ordinary Shares issued or issuable to any of the Designated Holders with respect to the
Registrable Securities by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization or otherwise and any Ordinary Shares or voting ordinary shares issuable
upon conversion, exercise or exchange thereof. 
  
 “Registration Expenses” has the meaning set forth in Section 7(d) of this Agreement. 
  
 “Registration Statement” means a Registration Statement filed pursuant to the Securities Act. 
  
 “Securities Act” means the United States Securities Act of
1933, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Shareholders Agreement” means the Shareholders Agreement, dated the date hereof, among the Company, GAP LP, GAP-W, GAP Coinvestment III, GAP Coinvestment IV, GapStar, GmbH Coinvestment and the other
shareholders named thereon. 
  
 “Subscription
Agreement” has the meaning set forth in the recitals to this Agreement. 
  

 5 

 “Subsequent General Atlantic Purchaser” means any Affiliate of GA LLC that, after the
date hereof, acquires any Ordinary Shares, Preferred Shares or Ordinary Share Equivalents. 
  
 “Valid Business Reason” has the meaning set forth in Section 3(a) of this Agreement. 
  
 2. General; Securities Subject to this Agreement. 
  
 (a) Grant of Rights. The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this
Agreement. 
  
 (b) Registrable Securities. For the
purposes of this Agreement, Registrable Securities will cease to be Registrable Securities, when: (i) a Registration Statement covering such Registrable Securities has been declared effective under the Securities Act by the Commission and such
Registrable Securities have been disposed of pursuant to such effective Registration Statement; (ii) the entire amount of the Registrable Securities owned by a Designated Holder may be sold in a single sale, in the opinion of counsel satisfactory to
the Company and such Designated Holder, each in their reasonable judgment, without any limitation as to volume pursuant to Rule 144 (or any successor provision then in effect) under the Securities Act; or (iii) the Registrable Securities are
proposed to be sold or distributed by a Person not entitled to the registration rights granted by this Agreement. 
  
 (c) Holders of Registrable Securities. A Person is deemed to be a holder of Registrable Securities whenever such Person owns of record Registrable
Securities, or holds an option to purchase, or a security convertible into or exercisable or exchangeable for, Registrable Securities, whether or not such purchase, conversion, exercise or exchange has actually been effected. If the Company receives
conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company may act upon the basis of the instructions, notice or election received from the registered owner of such
Registrable Securities. Registrable Securities issuable upon exercise of an option or upon conversion, exercise or exchange of another security shall be deemed outstanding for the purposes of this Agreement. 
  

 6 

 3. Demand Registration. 
  
 (a) Request for Demand Registration. At any time commencing on the earlier to occur of (x) twelve months after the
IPO Effectiveness Date and (y) twelve months after the Company becomes a reporting company under the Exchange Act (an “Exchange Act Registration”), the General Atlantic Shareholders (the “Initiating Holders”), may
make a written request to the Company to register, and the Company shall register, under the Securities Act (other than pursuant to a Registration Statement on Form F-4, S-4 or S-8 or any successor thereto) (a “Demand
Registration”), the number of Registrable Securities stated in such request; provided, however, that the Company shall not be obligated to effect (x) more than two such Demand Registrations for the General Atlantic
Shareholders and (y) a Demand Registration if the Initiating Holders propose to sell their Registrable Securities at an aggregate price (calculated based upon the Market Price of the Registrable Securities on the date of filing of the Registration
Statement with respect to such Registrable Securities) to the public of less than US$5,000,000 and provided further, that the Company shall not be obligated to effect any such Demand Registration if the Company has, within the six (6) month period
preceding such request, already effected a Demand Registration or F-3 Registration in which all of the Registrable Securities proposed to be sold by the Initiating Holders or F-3 Initiating Holders were registered and sold pursuant to the
registration statement governing such Demand Registration or F-3 Registration, as the case may be, or in which the Designated Holders had an opportunity to participate pursuant to the provisions of Section 4, other than a registration from which all
or any portion of the Registrable Securities the Designated Holders requested to be included in such registration were excluded or not sold. For purposes of the preceding sentence, two or more Registration Statements filed in response to one demand
shall be counted as one Demand Registration. If the Board of Directors, in its good faith judgment, determines that any registration of Registrable Securities should not be made or continued because it would be materially detrimental to the Company
and its shareholders for such registration to become effective or to remain effective as long as such registration would otherwise be required to remain effective because such action would (x) materially interfere with any material financing,
acquisition, corporate reorganization or merger or other material transaction involving the Company, (y) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential or (z)
render the Company unable to comply with requirements under the Securities Act or Exchange Act (each, a “Valid Business Reason”), then the Company may: (i) postpone filing a Registration Statement relating to a Demand Registration
until such Valid Business Reason no longer exists, but in no event for more than ninety (90) days; and (ii) in case a Registration Statement has been filed relating to a Demand Registration, if the Valid Business Reason has not resulted from actions
taken by the Company, the Company, upon the approval of a majority of the Board of Directors may cause such Registration Statement to be withdrawn and its effectiveness terminated or may postpone amending or supplementing such Registration
Statement. The Company shall give written notice of its determination to postpone or withdraw a Registration Statement and of the fact that the Valid Business Reason for such postponement or withdrawal no longer exists, in each case, promptly after
the occurrence thereof. Notwithstanding anything to the contrary contained herein, the Company may not postpone or withdraw a filing under this Section 3(a) more than once in any twelve (12) month period. Each request for a Demand Registration by
the Initiating Holders shall state the amount of the Registrable Securities proposed to be sold and the intended method of disposition thereof. 
  

 7 

 (b) Effective Demand Registration. The Company shall use its reasonable best efforts to cause any
such Demand Registration to become and remain effective not later than sixty (60) days after it receives a request under Section 3(a) hereof. A registration shall not constitute a Demand Registration until it has become effective and remains
continuously effective for the lesser of (i) the period during which all Registrable Securities registered in the Demand Registration are sold and (ii) 120 days; provided, however, that a registration shall not constitute a Demand
Registration if (x) after such Demand Registration has become effective, such registration or the related offer, sale or distribution of Registrable Securities thereunder is interfered with by any stop order, injunction or other order or requirement
of the Commission or other governmental agency or court for any reason not attributable to the Initiating Holder(s) and such interference is not thereafter eliminated or (y) the conditions specified in the underwriting agreement, if any, entered
into in connection with such Demand Registration are not satisfied or waived, other than by reason of a failure by the Initiating Holder(s). 
  
 (c) Expenses. Subject to the terms of Section 7(d), the Company shall pay all Registration Expenses in connection with a Demand Registration,
whether or not such Demand Registration becomes effective. 
  
 (d) Underwriting Procedures. If the Company or the Initiating Holders holding a majority of the Registrable Securities held by all of the Initiating Holders so elect, the Company shall use its reasonable best efforts to cause such
Demand Registration to be in the form of a firm commitment underwritten offering and the managing underwriter or underwriters selected for such offering shall be the Approved Underwriter selected in accordance with Section 3(e). In connection with
any Demand Registration under this Section 3 involving an underwritten offering, none of the Registrable Securities held by any Designated Holder making a request for inclusion of such Registrable Securities pursuant to Section 3(b) hereof shall be
included in such underwritten offering unless such Designated Holder accepts the terms of the offering as agreed upon by the Company, the Initiating Holders and the Approved Underwriter, and then only in such quantity as will not, in the opinion of
the Approved Underwriter and subject to the reductions set forth below, jeopardize the success of such offering by the Initiating Holders. If the Approved Underwriter advises the Company that the aggregate amount of Registrable Securities requested
to be included in such offering is sufficiently large to have a material adverse effect on the success of such offering, then the Company shall include in such registration only the aggregate amount of Registrable Securities that the Approved
Underwriter believes may be sold without any such material adverse effect and shall reduce the amount of Registrable Securities to be included in such registration, first as to the Company, second as to the Designated Holders (who are
not Initiating Holders and who requested to participate in such registration pursuant to Section 4 hereof) as a group, if any, and third as to the Initiating Holders as a group, pro rata within each group based on the number of Registrable
Securities owned by each such Designated Holder or Initiating Holder, as the case may be. 
  
 (e) Selection of Underwriters. If any Demand Registration or F-3 Registration, as the case may be, of Registrable Securities is in the form of an underwritten offering, the Company shall select and obtain an
investment banking firm of international reputation to act as the managing underwriter of the offering (the “Approved Underwriter”); provided, however, that the Approved Underwriter shall, in any case, also be
reasonably acceptable to the Initiating Holders or F-3 Initiating Holders, as the case may be. 
  

 8 

 4. Incidental or “Piggy-Back” Registration. 
  
 (a) Request for Incidental Registration. At any time after the IPO
Effectiveness Date or an Exchange Act Registration, if the Company proposes to file a Registration Statement under the Securities Act with respect to an offering by the Company for its own account (other than a Registration Statement on Form F-4,
S-4 or S-8 or any successor thereto) or for the account of any shareholder of the Company other than the Designated Holders, then the Company shall give written notice of such proposed filing to each of the Designated Holders at least twenty (20)
days before the anticipated filing date, and such notice shall describe the proposed registration and distribution and offer such Designated Holders the opportunity to register the number of Registrable Securities as each such Designated Holder may
request (an “Incidental Registration”). The Company shall use its reasonable best efforts (within twenty (20) days of the notice provided for in the preceding sentence) to cause the managing underwriter or underwriters in the case
of a proposed underwritten offering (the “Company Underwriter”) to permit each of the Designated Holders who have requested in writing to participate in the Incidental Registration to include its or his Registrable Securities in
such offering on the same terms and conditions as the securities of the Company or the account of such other shareholder, as the case may be, included therein. In connection with any Incidental Registration under this Section 4(a) involving an
underwritten offering, the Company shall not be required to include any Registrable Securities in such underwritten offering unless the Designated Holders thereof accept the terms of the underwritten offering as agreed upon between the Company, such
other shareholders, if any, and the Company Underwriter, and then only in such quantity as the Company Underwriter believes will not jeopardize the success of the offering by the Company. If the Company Underwriter determines that the registration
of all or part of the Registrable Securities which the Designated Holders have requested to be included would materially and adversely affect the success of such offering, then the Company shall be required to include in such Incidental
Registration, to the extent of the amount that the Company Underwriter believes may be sold without causing such adverse effect, first, all of the securities to be offered for the account of the Company; second, the Registrable
Securities to be offered for the account of the Designated Holders pursuant to this Section 4, pro rata based on the number of Registrable Securities owned by each such Designated Holder; and third, any other securities requested to be
included in such offering. 
  
 (b) Expenses. The Company
shall bear all Registration Expenses in connection with any Incidental Registration pursuant to this Section 4, whether or not such Incidental Registration becomes effective. 
  

 9 

 5. Form F-3 Registration. 
  
 (a) Request for a Form F-3 Registration. Upon the Company becoming eligible for use of Form F-3 or S-3 (or any
successor form thereto) under the Securities Act in connection with a public offering of its securities, in the event that the Company shall receive from one or more of the General Atlantic Shareholders as a group, acting through GA LLC or its
written designee (the “F-3 Initiating Holders”), a written request that the Company register, under the Securities Act on Form F-3 or S-3 (or any successor form then in effect) (an “F-3 Registration”), all or a
portion of the Registrable Securities owned by such F-3 Initiating Holders, the Company shall give written notice of such request to all of the Designated Holders (other than F-3 Initiating Holders which have requested an F-3 Registration under this
Section 5(a)) at least ten (10) days before the anticipated filing date of such Form F-3 or S-3, and such notice shall describe the proposed registration and offer such Designated Holders the opportunity to register the number of Registrable
Securities as each such Designated Holder may request in writing to the Company, given within ten (10) days after their receipt from the Company of the written notice of such registration. If requested by the F-3 Initiating Holders, such F-3
Registration shall be for an offering on a continuous basis pursuant to Rule 415 under the Securities Act. With respect to each F-3 Registration, the Company shall, subject to Section 5(b), (i) include in such offering the Registrable Securities of
the F-3 Initiating Holders and (ii) use its reasonable best efforts to (x) cause such registration pursuant to this Section 5(a) to become and remain effective as soon as practicable, but in any event not later than forty-five (45) days after it
receives a request therefor and (y) include in such offering the Registrable Securities of the Designated Holders (other than F-3 Initiating Holders which have requested an F-3 Registration under this Section 5(a)) who have requested in writing to
participate in such registration on the same terms and conditions as the Registrable Securities of the F-3 Initiating Holders included therein. 
  
 (b) Form F-3 Underwriting Procedures. If the F-3 Initiating Holders holding a majority of the Registrable Securities held by all of the F-3
Initiating Holders so elect, the Company shall use its reasonable best efforts to cause such F-3 Registration pursuant to this Section 5 to be in the form of a firm commitment underwritten offering and the managing underwriter or underwriters
selected for such offering shall be the Approved Underwriter selected in accordance with Section 3(e). In connection with any F-3 Registration under Section 5(a) involving an underwritten offering, the Company shall not be required to include any
Registrable Securities in such underwritten offering unless the Designated Holders thereof accept the terms of the underwritten offering as agreed upon between the Company, the Approved Underwriter and the F-3 Initiating Holders, and then only in
such quantity as such underwriter believes will not jeopardize the success of such offering by the F-3 Initiating Holders. If the Approved Underwriter believes that the registration of all or part of the Registrable Securities which the F-3
Initiating Holders and the other Designated Holders have requested to be included would materially and adversely affect the success of such public offering, then the Company shall be required to include in the underwritten offering, to the extent of
the amount that the Approved Underwriter believes may be sold without causing such adverse effect, first, all of the Registrable Securities to be offered for the account of the F-3 Initiating Holders, pro rata based on the number of
Registrable Securities owned by such F-3 Initiating Holders; second, the Registrable Securities to be offered for the account of the other Designated Holders who requested inclusion of their Registrable Securities pursuant to Section 5(a),
pro rata based on the number of Registrable Securities owned by such Designated Holders; and third, any other securities requested to be included in such offering. 
  

 10 

 (c) Limitations on Form F-3 Registrations. If the Board of Directors has a Valid Business Reason,
the Company may (i) postpone filing a Registration Statement relating to a F-3 Registration until such Valid Business Reason no longer exists, but in no event for more than ninety (90) days, and (ii) in case a Registration Statement has been filed
relating to a F-3 Registration, if the Valid Business Reason has not resulted from actions taken by the Company, the Company, upon the approval of a majority of the Board of Directors, may cause such Registration Statement to be withdrawn and its
effectiveness terminated or may postpone amending or supplementing such Registration Statement. The Company shall give written notice of its determination to postpone or withdraw a Registration Statement and of the fact that the Valid Business
Reason for such postponement or withdrawal no longer exists, in each case, promptly after the occurrence thereof. Notwithstanding anything to the contrary contained herein, the Company may not postpone or withdraw a filing due to a Valid Business
Reason more than once in any twelve (12) month period. In addition, the Company shall not be required to effect any registration pursuant to Section 5(a): (i) within ninety (90) days after the effective date of any other Registration Statement of
the Company; (ii) if within the twelve (12) month period preceding the date of such request, the Company has effected two (2) registrations on Form F-3 or S-3 pursuant to Section 5(a); (iii) if Form F-3 or S-3 is not available for such offering by
the F-3 Initiating Holders; (iv) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process effecting such registration, qualification or compliance; or (v)
if the F-3 Initiating Holders, together with the Designated Holders registering Registrable Securities in such registration, propose to sell their Registrable Securities at an aggregate price (calculated based upon the Market Price of the
Registrable Securities on the date of the filing of the Form F-3 or S-3 with respect to such Registrable Securities) to the public of less than US$5,000,000. 
  
 (d) Expenses. The Company shall bear all Registration Expenses in connection with any F-3 Registration pursuant to this Section 5, whether or not
such F-3 Registration become effective. 
  
 (e) No Demand
Registration. No registration requested by any F-3 Initiating Holder pursuant to this Section 5 shall be deemed a Demand Registration pursuant to Section 3. 
  

6. Restrictions on Public Sale by the Company. The Company agrees not to effect any public sale or distribution of any of its securities, or any
securities convertible into or exchangeable or exercisable for such securities (except pursuant to registrations on Form F-4, S-4 or S-8 or any successor thereto), during the period beginning on the effective date of any Registration Statement in
which the Designated Holders of Registrable Securities are participating and ending on the earlier of (i) the date on which all Registrable Securities registered on such Registration Statement are sold and (ii) 120 days after the effective date of
such Registration Statement (except as part of such registration). 
  

 11 

 7. Registration Procedures. 
  
 (a) Obligations of the Company. Whenever registration of Registrable Securities has been requested pursuant to
Section 3, Section 4 or Section 5 of this Agreement, the Company shall use its reasonable best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method of distribution thereof as quickly as
practicable, and in connection with any such request, the Company shall, as expeditiously as possible: 
  
 (i) prepare and file with the Commission a Registration Statement on any form for which the Company then qualifies or which counsel for the Company shall
deem appropriate and which form shall be available for the sale of such Registrable Securities in accordance with the intended method of distribution thereof, and use its reasonable best efforts to cause such Registration Statement to become
effective; provided, however, that (x) before filing a Registration Statement or prospectus or any amendments or supplements thereto, the Company shall provide counsel selected by the Designated Holders holding a majority of the
Registrable Securities being registered in such registration (“Holders’ Counsel”) and any other Inspector with an adequate and appropriate opportunity to review and comment on such Registration Statement and each prospectus
included therein (and each amendment or supplement thereto) to be filed with the Commission, subject to such documents being under the Company’s control, and (y) the Company shall notify the Holders’ Counsel and each seller of Registrable
Securities of any stop order issued or threatened by the Commission and take all action required to prevent the entry of such stop order or to remove it if entered; 
  
 (ii) prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus
used in connection therewith as may be necessary to keep such Registration Statement effective for the lesser of (x) 120 days and (y) such shorter period which will terminate when all Registrable Securities covered by such Registration Statement
have been sold; provided, that if the F-3 Initiating Holders have requested that an F-3 Registration be for an offering on a continuous basis pursuant to Rule 415 under the Securities Act, then the Company shall keep such Registration
Statement effective until all Registrable Securities covered by such Registration Statement have been sold; and shall comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration
Statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such Registration Statement; 
  
 (iii) furnish to each seller of Registrable Securities, prior to filing a Registration Statement, at least one copy of such Registration Statement as is
proposed to be filed, and thereafter such number of copies of such Registration Statement, each amendment and supplement thereto (in each case including all exhibits thereto), and the prospectus included in such Registration Statement (including
each preliminary prospectus) and any prospectus filed under Rule 424 under the Securities Act as each such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller; 
  

 12 

 (iv) use its reasonable best efforts to register or qualify such Registrable Securities under such other
securities or “blue sky” laws of such jurisdictions as any seller of Registrable Securities may request, and to continue such qualification in effect in such jurisdiction for as long as permissible pursuant to the laws of such
jurisdiction, or for as long as any such seller requests or until all of such Registrable Securities are sold, whichever is shortest, and do any and all other acts and things which may be reasonably necessary or advisable to enable any such seller
to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller; provided, however, that the Company shall not be required to (x) qualify generally to do business in any jurisdiction where it
would not otherwise be required to qualify but for this Section 7(a)(iv), (y) subject itself to taxation in any such jurisdiction or (z) consent to general service of process in any such jurisdiction; 
  
 (v) notify each seller of Registrable Securities at any time when a
prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such Registration Statement contains an untrue statement of a
material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading and the Company shall promptly prepare a supplement
or amendment to such prospectus and furnish to each seller of Registrable Securities a reasonable number of copies of such supplement to or an amendment of such prospectus as may be necessary so that, after delivery to the purchasers of such
Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which
they were made, not misleading; 
  
 (vi) enter into and perform
customary agreements (including an underwriting agreement in customary form with the Approved Underwriter or Company Underwriter, if any, selected as provided in Section 3, Section 4 or Section 5, as the case may be) and take such other actions as
are prudent and reasonably required in order to expedite or facilitate the disposition of such Registrable Securities, including causing its officers to participate in “road shows” and other information meetings organized by the Approved
Underwriter or Company Underwriter; 
  
 (vii) make available at
reasonable times for inspection by any seller of Registrable Securities, any managing underwriter participating in any disposition of such Registrable Securities pursuant to a Registration Statement, Holders’ Counsel and any attorney,
accountant or other agent retained by any such seller or any managing underwriter (each, an “Inspector” and collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and
properties of the Company and its subsidiaries (collectively, the “Records”) as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Company’s and its subsidiaries’
officers, directors and employees, and the independent public accountants of the Company, to supply all information reasonably requested by any such Inspectors in connection with such Registration Statement. Records that the Company determines, in
good faith, to be confidential and which it notifies the Inspectors are confidential shall not be disclosed by the Inspectors (and the Inspectors shall confirm their agreement in writing in advance to the Company if the Company shall so request)
unless (x) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in the Registration Statement, (y) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent
jurisdiction or (z) the information in such Records was known to the Inspectors on a non-confidential basis prior to its disclosure by the Company or has been made generally available to the public. Each seller of Registrable Securities agrees that
it shall, upon learning that disclosure of such Records is sought in a court of competent jurisdiction, give notice to the Company and allow the Company, at the Company’s expense, to undertake appropriate action to prevent disclosure of the
Records deemed confidential; 
  

 13 

 (viii) if such sale is pursuant to an underwritten offering, obtain “cold comfort” letters
dated the effective date of the Registration Statement and the date of the closing under the underwriting agreement from the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by
“cold comfort” letters as Holders’ Counsel or the managing underwriter reasonably requests; 
  
 (ix) furnish, at the request of any seller of Registrable Securities on the date such securities are delivered to the underwriters for sale pursuant to
such registration or, if such securities are not being sold through underwriters, on the date the Registration Statement with respect to such securities becomes effective, an opinion, dated such date, of counsel representing the Company for the
purposes of such registration, addressed to the underwriters, if any, and to the seller making such request, covering such legal matters with respect to the registration in respect of which such opinion is being given as the underwriters, if any,
and such seller may reasonably request and are customarily included in such opinions; 
  
 (x) comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable but no later than fifteen (15) months after the effective date of
the Registration Statement, an earnings statement covering a period of twelve (12) months beginning after the effective date of the Registration Statement, in a manner which satisfies the provisions of Section 11(a) of the Securities Act and Rule
158 thereunder; 
  
 (xi) use its reasonable best efforts to cause
all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed; provided that the applicable listing requirements are satisfied; 
  
 (xii) keep Holders’ Counsel advised in writing as to the initiation and
progress of any registration under Section 3, Section 4 or Section 5 hereunder; 
  
 (xiii) cooperate with each seller of Registrable Securities and each underwriter participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to
be made with the relevant securities exchange or the NASD; and 
  

 14 

 (xiv) take all other steps reasonably necessary to effect the registration of the Registrable Securities
contemplated hereby. 
  
 (b) Seller Information. The
Company may require each seller of Registrable Securities as to which any registration is being effected to furnish, and such seller shall furnish, to the Company such information regarding the distribution of such securities as the Company may from
time to time reasonably request in writing. 
  
 (c) Notice to
Discontinue. Each Designated Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 7(a)(v), such Designated Holder shall forthwith discontinue disposition of Registrable
Securities pursuant to the Registration Statement covering such Registrable Securities until such Designated Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 7(a)(v) and, if so directed by the
Company, such Designated Holder shall deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Designated Holder’s possession, of the prospectus covering such Registrable Securities which
is current at the time of receipt of such notice. If the Company shall give any such notice, then the Company shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement (including,
without limitation, the period referred to in Section 7(a)(ii)) by the number of days during the period from and including the date of the giving of such notice pursuant to Section 7(a)(v) to and including the date when sellers of such Registrable
Securities under such Registration Statement shall have received the copies of the supplemented or amended prospectus contemplated by and meeting the requirements of Section 7(a)(v). 
  
 (d) Registration Expenses. The Company shall pay all expenses arising from or incident to its performance of, or
compliance with, this Agreement, including, without limitation: (i) Commission, securities exchange and NASD registration and filing fees; (ii) all fees and expenses incurred in complying with securities or “blue sky” laws (including
reasonable fees, charges and disbursements of counsel to any underwriter incurred in connection with “blue sky” qualifications of the Registrable Securities as may be set forth in any underwriting agreement); (iii) all printing, messenger
and delivery expenses; and (iv) the fees, charges and expenses of counsel to the Company and of its independent public accountants and any other accounting fees, charges and expenses incurred by the Company (including, without limitation, any
expenses arising from any “cold comfort” letters or any special audits incident to or required by any registration or qualification) and the reasonable legal fees, charges and expenses incurred by one counsel selected by the Initiating
Holders or the F-3 Initiating Holders, as the case may be, in the case of a Demand Registration or an F-3 Registration, for the Initiating Holders or the F-3 Initiating Holders, as the case may be; provided, however, that the Company
shall not be required to pay for any expenses of a Demand Registration commenced pursuant to Section 3(a) if the registration request is subsequently withdrawn at the request of the Initiating Holders (in which case all Designated Holders shall bear
such expenses pro rata based upon the number of Registrable Securities that were to be included in the withdrawn registration) other than because of (x) the existence of any facts about the Company that had not been known by the Initiating Holders
at the time of the request of the Demand Registration or (y) an adverse change in market conditions, unless the Initiating Holders agree to forfeit their right to one Demand Registration pursuant to Section 3(a). All of the expenses described in the
preceding sentence of this Section 7(d) are referred to herein as “Registration Expenses.” The Designated Holders of Registrable Securities sold pursuant to a Registration Statement shall bear the expense of any broker’s
commission or underwriter’s discount or commission relating to registration and sale of such Designated Holders’ Registrable Securities and, subject to clause (iv) above, shall bear the fees and expenses of their own counsel. 

 

 15 

 8. Indemnification; Contribution. 
  
 (a) Indemnification by the Company. The Company agrees to indemnify and hold harmless each Designated Holder, its
partners, directors, officers, affiliates and each Person who controls (within the meaning of Section 15 of the Securities Act) such Designated Holder from and against any and all losses, claims, damages, liabilities and expenses (including
reasonable costs of investigation) (each, a “Liability” and collectively, “Liabilities”), arising out of or based upon any untrue, or allegedly untrue, statement of a material fact contained in any Registration
Statement, prospectus or preliminary prospectus or notification or offering circular (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or arising out of or based upon any omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading under the circumstances such statements were made, except insofar as such Liability arises out of or is based upon any
untrue statement or alleged untrue statement or omission or alleged omission contained in such Registration Statement, preliminary prospectus or final prospectus in reliance and in conformity with information concerning such Designated Holder
furnished in writing to the Company by such Designated Holder expressly for use therein, including, without limitation, the information furnished to the Company pursuant to Section 8(b). 
  
 (b) Indemnification by Designated Holders. In connection with any Registration Statement in which a Designated
Holder is participating pursuant to Section 3, Section 4 or Section 5 hereof, each such Designated Holder shall promptly furnish to the Company in writing such information with respect to such Designated Holder as the Company may reasonably request
or as may be required by law for use in connection with any such Registration Statement or prospectus and all information required to be disclosed in order to make the information previously furnished to the Company by such Designated Holder not
materially misleading or necessary to cause such Registration Statement not to omit a material fact with respect to such Designated Holder necessary in order to make the statements therein not misleading. Each Designated Holder agrees to indemnify
and hold harmless the Company, any underwriter retained by the Company and each Person who controls the Company or such underwriter (within the meaning of Section 15 of the Securities Act) to the same extent as the foregoing indemnity from the
Company to the Designated Holders, but only if such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with information with respect to such Designated Holder furnished in writing to the
Company by such Designated Holder expressly for use in such Registration Statement or prospectus, including, without limitation, the information furnished to the Company pursuant to this Section 8(b); provided, however, that the total
amount to be indemnified by such Designated Holder pursuant to this Section 8(b) shall be limited to the net proceeds (after deducting the underwriters’ discounts and commissions) received by such Designated Holder in the offering to which the
Registration Statement or prospectus relates. 
  

 16 

 (c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification hereunder (the
“Indemnified Party”) agrees to give prompt written notice to the indemnifying party (the “Indemnifying Party”) after the receipt by the Indemnified Party of any written notice of the commencement of any action,
suit, proceeding or investigation or threat thereof made in writing for which the Indemnified Party intends to claim indemnification or contribution pursuant to this Agreement; provided, however, that the failure so to notify the
Indemnifying Party shall not relieve the Indemnifying Party of any Liability that it may have to the Indemnified Party hereunder (except to the extent that the Indemnifying Party is materially prejudiced or otherwise forfeits substantive rights or
defenses by reason of such failure). If notice of commencement of any such action is given to the Indemnifying Party as above provided, the Indemnifying Party shall be entitled to participate in and, to the extent it may wish, jointly with any other
Indemnifying Party similarly notified, to assume the defense of such action at its own expense, with counsel chosen by it and reasonably satisfactory to such Indemnified Party. The Indemnified Party shall have the right to employ separate counsel in
any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be paid by the Indemnified Party unless (i) the Indemnifying Party agrees to pay the same, (ii) the Indemnifying Party fails to assume the
defense of such action with counsel reasonably satisfactory to the Indemnified Party or (iii) the named parties to any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and such parties have
been advised by such counsel that either (x) representation of such Indemnified Party and the Indemnifying Party by the same counsel would be inappropriate under applicable standards of professional conduct or (y) there may be one or more legal
defenses available to the Indemnified Party which are different from or additional to those available to the Indemnifying Party. In any of such cases, the Indemnifying Party shall not have the right to assume the defense of such action on behalf of
such Indemnified Party, it being understood, however, that the Indemnifying Party shall not be liable for the fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) for all Indemnified Parties. No
Indemnifying Party shall be liable for any settlement entered into without its written consent, which consent shall not be unreasonably withheld. No Indemnifying Party shall, without the consent of such Indemnified Party, effect any settlement of
any pending or threatened proceeding in respect of which such Indemnified Party is a party and indemnity has been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all
liability for claims that are the subject matter of such proceeding. 
  

 17 

 (d) Contribution. If the indemnification provided for in this Section 8 from the Indemnifying
Party is unavailable to an Indemnified Party hereunder in respect of any Liabilities referred to herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified
Party as a result of such Liabilities in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions which resulted in such Liabilities, as well as any other relevant
equitable considerations. The relative faults of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material
fact or omission or alleged omission to state a material fact, has been made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the Liabilities referred to above shall be deemed to include, subject to the limitations set forth in Sections 8(a), 8(b) and 8(c), any legal or
other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding; provided that the total amount to be contributed by such Designated Holder shall be limited to the net proceeds (after
deducting the underwriters’ discounts and commissions) received by such Designated Holder in the offering. 
  
 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 8(d) were determined by pro rata allocation or
by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
  
 9. Additional Covenants. 
  
 (a) Rule 144. The Company covenants that from and after the IPO Effectiveness Date or an Exchange Act Registration it shall (i) file any reports
required to be filed by it under the Exchange Act and (ii) take such further action as each Designated Holder may reasonably request (including, without limitation, providing any information necessary to comply with Rule 144 under the Securities
Act), all to the extent required from time to time to enable such Designated Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (x) Rule 144 under the Securities
Act, as such rule may be amended from time to time, or Regulation S under the Securities Act or (y) any similar rules or regulations hereafter adopted by the Commission. The Company shall, upon the request of any Designated Holder, deliver to such
Designated Holder a written statement as to whether it has complied with such requirements. 
  

 18 

 (b) ADSs. In the event that the Company pursues an offering or listing of ADSs in the United
States, the Company will file a Registration Statement on Form F-6 which registers a number of ADSs that is sufficient to allow the Designated Holders to exercise their rights under, and sell their Registrable Securities in the United States in the
manner contemplated by, Sections 3, 4 and 5 of this Agreement. In the event that the depositary of ADSs imposes any fees or expenses on any Designated Holder in connection with the deposit by such Designated Holder of its Registrable Securities in
exchange for ADSs made by such Designated Holder for any reason, the Company shall pay all such fees and expenses. 
  
 10. Non-U.S. Listings. In the event that the Ordinary Shares are listed on any securities exchange outside the United States, the Company shall (i)
use all reasonable and diligent efforts to cause all Ordinary Shares issued or issuable upon conversion of the Preferred Shares, and all other Ordinary Shares held by the Designated Holders, to be approved for listing and freely tradeable on such
stock exchange, subject to any lock-ups required pursuant to the rules and regulations of the relevant exchange or applicable securities law and (ii) furnish to the Designated Holders such number of copies of prospectuses and such other documents as
they may reasonably request to facilitate the disposition of Ordinary Shares by the Designated Holders on such exchange. 
  
 11. Miscellaneous. 
  
 (a) Recapitalizations, Exchanges, etc. The provisions of this Agreement shall apply to the full extent set forth herein with respect to (i) the
Ordinary Shares, (ii) any and all voting shares of the Company into which the Ordinary Shares are converted, exchanged or substituted in any recapitalization or other capital reorganization by the Company and (iii) any and all equity securities of
the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in conversion of, in exchange for or in substitution of, the Ordinary Shares and shall be
appropriately adjusted for any stock dividends, splits, reverse splits, combinations, recapitalizations and the like occurring after the date hereof. The Company shall cause any successor or assign (whether by merger, consolidation, sale of assets
or otherwise) to enter into a new registration rights agreement with the Designated Holders on terms substantially the same as this Agreement as a condition of any such transaction. 
  
 (b) No Inconsistent Agreements. The Company represents and warrants that it has not granted to any Person the right
to request or require the Company to register any securities issued by the Company, other than the rights granted to the Designated Holders herein. The Company shall not enter into any agreement with respect to its securities that is inconsistent
with the rights granted to the Designated Holders in this Agreement or grant any additional registration rights to any Person or with respect to any securities which are not Registrable Securities which are prior in right to or inconsistent with the
rights granted in this Agreement, except that the Company may grant the registration rights held by the General Atlantic Shareholders to any Subsequent General Atlantic Purchaser. 
  

 19 

 (c) Remedies. The Designated Holders, in addition to being entitled to exercise all rights
granted by law, including recovery of damages, shall be entitled to specific performance of their rights under this Agreement. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by
it of the provisions of this Agreement and hereby agrees to waive in any action for specific performance the defense that a remedy at law would be adequate. 
  
 (d) Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be given unless consented to in writing by (i) the Company and (ii) the General Atlantic Shareholders. Any such written consent shall be binding upon the Company and all of the
Designated Holders. Notwithstanding the first sentence of this Section 10(d), the Company, without the consent of any other party hereto (other than the General Atlantic Shareholders), may amend this Agreement to add any Subsequent General Atlantic
Purchaser as a party to this Agreement as a General Atlantic Shareholder. 
  
 (e) Notices. All notices, demands and other communications provided for or permitted hereunder shall be made in writing and shall be made by registered or certified first-class mail, return receipt requested,
facsimile, courier service or personal delivery: 
  

			
	(i)	  	if to the Company:
		
	 	  	A-Max Technology Limited
	 	  	10/F, A-MAX Technology Tower
	 	  	12-16 Fui Yiu Kok Street
	 	  	Tsuen Wan, New Territories
	 	  	Hong Kong
	 	  	Telecopy: (852) 2798 6699
	 	  	Attention: Diana Chan
		
	 	  	with a copy to:
		
	 	  	Latham & Watkins LLP
	 	  	41st Floor, One Exchange Square
	 	  	8 Connaught Road
	 	  	Central, Hong Kong
	 	  	Telecopy: (852) 2522-7006
	 	  	Attention: David T. Zhang, Esq.
		
	(ii)	  	General Atlantic Shareholders:
		
	 	  	General Atlantic Service Corporation
	 	  	3 Pickwick Plaza
	 	  	Greenwich, CT 06830
	 	  	Telecopy: (203) 622-8818
	 	  	Attention: Matthew Nimetz, Esq.
	 	  	         David A. Rosenstein, Esq.

  

 20 

			
	 	 	with a copy to:
		
	 	 	Paul, Weiss, Rifkind, Wharton & Garrison, LLP
	 	 	1285 Avenue of the Americas
	 	 	New York, NY 10019-6064
	 	 	Telecopy: (212) 757-3990
	 	 	Attention: Douglas A. Cifu, Esq.
		
	 	 	with a copy to:
		
	 	 	Paul, Weiss, Rifkind, Wharton & Garrison
	 	 	12/F, Hong Kong Club Building
	 	 	3A Chater Road, Central
	 	 	Hong Kong
	 	 	Telecopy: (852) 2536-9622
	 	 	Attention: Jeanette K. Chan, Esq.

  
 All such notices,
demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial courier service; five (5) Business Days after being deposited in the
mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if sent by facsimile. Any party may by notice given in accordance with this Section 10(e) designate another address or Person for receipt of notices hereunder.

  
 (f) Successors and Assigns; Third Party Beneficiaries.
This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of the parties hereto as hereinafter provided. The Demand Registration rights and the F-3 Registration rights and related rights of the General
Atlantic Shareholders contained in Sections 3 and 5 hereof, shall be (i) with respect to any Registrable Security that is transferred to an Affiliate of a General Atlantic Shareholders, automatically transferred to such Affiliate and (ii) with
respect to any Registrable Security that is transferred in all cases to a non-Affiliate, transferred only with the consent of the Company, which consent shall not be unreasonably withheld. The incidental or “piggy-back” registration rights
of the Designated Holders contained in Sections 4 and 5 hereof and the other rights of each of the Designated Holders with respect thereto shall be, with respect to any Registrable Security, automatically transferred to any Person who is the
transferee of such Registrable Security, but only if transferred in compliance with the Shareholders Agreement. All of the obligations of the Company hereunder shall survive any such transfer. Except as provided in Section 8, no Person other than
the parties hereto and their successors and permitted assigns is intended to be a beneficiary of this Agreement. 
  
 (g) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile shall be as effective as delivery
of a manually executed counterpart of a signature page of this Agreement. 
  

 21 

 (h) Headings. The headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof. 
  
 (i)
GOVERNING LAW; CONSENT TO JURISDICTION. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW
THEREOF. The parties hereto irrevocably submit to the exclusive jurisdiction of any state or federal court sitting in the County of New York, in the State of New York over any suit, action or proceeding arising out of or relating to this
Agreement or the affairs of the Company. To the fullest extent they may effectively do so under applicable law, the parties hereto irrevocably waive and agree not to assert, by way of motion, as a defense or otherwise, any claim that they are not
subject to the jurisdiction of any such court, any objection that they may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum. 
  
 (j) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF,
UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HERETO HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 11(J). 
  
 (k) Severability. If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired, unless the provisions held invalid, illegal or unenforceable shall substantially impair the benefits of
the remaining provisions hereof. 
  
 (l) Rules of
Construction. Unless the context otherwise requires, references to sections or subsections refer to sections or subsections of this Agreement. 
  

 22 

 (m) Entire Agreement. This Agreement is intended by the parties as a final expression of their
agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto with respect to the subject matter contained herein. There are no restrictions, promises, representations, warranties or
undertakings with respect to the subject matter contained herein, other than those set forth or referred to herein. This Agreement supersedes all prior agreements and understandings among the parties with respect to such subject matter. 

 
 (n) Further Assurances. Each of the parties shall execute such
documents and perform such further acts as may be reasonably required or desirable to carry out or to perform the provisions of this Agreement. 
  
 (o) Other Agreements. Nothing contained in this Agreement shall be deemed to be a waiver of, or release from, any obligations any party hereto may
have under, or any restrictions on the transfer of Registrable Securities or other securities of the Company imposed by, any other agreement including, but not limited to, the Subscription Agreement or the Shareholders Agreement. 
  
 [Remainder of page intentionally left blank] 
  

 23 

 EXECUTION COPY 
  
 IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this Registration Rights Agreement on the
date first written above. 
  

			
	A-MAX TECHNOLOGY LIMITED
		
	By:	 	 /s/

	Name:	 	Chan Ching Fun, Diana
	Title:	 	Director
	
	GENERAL ATLANTIC PARTNERS (BERMUDA), L.P.
		
	By:	 	GAP (BERMUDA) LIMITED,
	 	 	its General Partner
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Vice President
	
	GAP-W INTERNATIONAL, LLC
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Vice President
	
	GAPSTAR, LLC
		
	By:	 	GENERAL ATLANTIC LLC,
	 	 	its Sole Member
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Managing Director
	
	GAP COINVESTMENTS III, LLC
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	A Managing Member

  
 Signature Page to
Registration Rights Agreement 

			
	GAP COINVESTMENTS IV, LLC
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	A Managing Member
	
	GAPCO GMBH & CO. KG
		
	By:	 	GAPCO MANAGEMENT GMBH,
	 	 	its General Partner
		
	By:	 	 /s/

	Name:	 	Matthew Nimetz
	Title:	 	Managing Director

  
 Signature Page to
Registration Rights Agreement

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