Document:

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Exhibit 4.9
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Amended and Restated Equity Interest Pledge Agreement
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This Amended and Restated Equity Interest Pledge Agreement (this “Agreement”) has been executed by and among the following parties on January 19, 2022  in Hangzhou, the People’s Republic of China (“China” or the “PRC”):
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	Party A:
	Hangzhou Tuya Information Technology Co., Ltd. (formerly Hangzhou Aixiangji Technology Co., Ltd., hereinafter “Pledgee”), a wholly foreign owned enterprise, organized and existing under the laws of the PRC, with its address at Room 701, Tower 3, Zhe Shang Cai Fu Center, Xihu District, Hangzhou;

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	Party B:
	Yaona LIN (hereinafter “Pledgor”), a Chinese citizen with Chinese Identification No.: *****; and

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	Party C:
	Hangzhou Tuya Technology Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with its address at Room 602, Tower 1, Huace Center, Sandun Town, Xihu District, Hangzhou.

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In this Agreement, each of Pledgee, Pledgor and Party C shall be referred to as a “Party” respectively, and they shall be collectively referred to as the “Parties”.
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Whereas:
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	1.	The Parties are parties who entered into the Equity Interest Pledge Agreement dated December 23, 2014 (the “Original Agreement”). The Original Agreement provided that any amendments, modifications and supplements to the Original Agreement shall

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require the execution of a written agreement by the Parties. The Parties intend to enter into this Agreement in order to amend, restate and replace in its entirety the rights and obligations under in the Original Agreement with the rights and obligations provided in this Agreement. The registration of equity pledge under the Original Agreement which has been completed and remains valid is not subject to the amendment and restatement and continue to be valid. No re-registration is required for the Parties.
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	2.	Pledgor is a citizen of China who as of the date hereof holds 11.47% of equity interests of Party C. Party C is a limited liability company registered in Hangzhou, Zhejiang, China. Party C acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge;

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	3.	Pledgee is a wholly foreign-owned enterprise registered in China. Pledgee and Party C which is partially owned by Pledgor have executed an Exclusive Business Cooperation Agreement (as defined below); Party C, Pledgee and Pledgor have executed an Exclusive Option Agreement (as defined below); Pledgor has executed a Power of Attorney (as defined below) in favor of Pledgee.

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	4.	To ensure that Party C and Pledgor fully perform their obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney, Pledgor hereby pledges to the Pledgee all of the equity interest that Pledgor holds in Party C as security for Party C’s and Pledgor’s obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney.

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	5.	To perform the provisions of the Transaction Documents (as defined below), the Parties have mutually agreed to execute this Agreement upon the following terms.

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1.   Definitions
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Unless otherwise provided herein, the terms below shall have the following meanings:
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	1.1
	Pledge: shall refer to the security interest granted by Pledgor to Pledgee pursuant to Section 2 of this Agreement, i.e., the right of Pledgee to be paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest.

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	1.2
	Equity Interest: shall refer to 11.47% equity interests in Party C currently held by Pledgor, and all of the equity interest hereafter acquired by Pledgor in Party C.

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	1.3
	Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement.

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	1.4
	Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement executed by and between Party C and Pledgee on December 23, 2014 and any modifications, amendments and/or restatements thereto (the “Exclusive Business Cooperation Agreement”), the Exclusive Option Agreement executed by and among Pledgor, Party C, and Pledgee on December 23, 2014 and any modifications, amendments and/or restatements thereto (the “Exclusive Option Agreement”), Power of Attorney executed on December 23, 2014 by Pledgor and any modifications, amendments and/or restatements thereto (the “Power of Attorney”).

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	1.5
	Contract Obligations: shall refer to all the obligations of Pledgor under the Exclusive Option Agreement, the Power of Attorney and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement.

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	1.6
	Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses of anticipated profits, suffered by Pledgee, incurred as a result of any Event of Default. The amount of such loss shall be calculated in accordance with the reasonable business plan and profit forecast of Pledgee, the consulting and service fees payable to Pledgee under the Exclusive Business Cooperation Agreement, all expenses occurred in connection with enforcement by Pledgee of Pledgor’s and/or Party C’s Contract Obligations and etc.

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	1.7
	Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

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	1.8
	Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an Event of Default.

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2.   Pledge
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	2.1
	Pledgor agrees to pledge all the Equity Interest as security for performance of the Contract Obligations and payment of the Secured Indebtedness under this Agreement. Party C hereby assents that Pledgor pledges the Equity Interest to the Pledgee pursuant to this Agreement.

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	2.2
	During the term of the Pledge, Pledgee is entitled to receive dividends distributed on the Equity Interest. Pledgor may receive dividends distributed on the Equity Interest only with prior written consent of Pledgee. Dividends received by Pledgor on Equity Interest after deduction of individual income tax paid by Pledgor shall be, as required by Pledgee, (1) deposited into an account designated and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness prior and in preference to make any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee to the extent permitted under applicable PRC laws.

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	2.3
	Pledgor may subscribe for capital increase in Party C only with prior written consent of Pledgee. Any equity interest obtained by Pledgor as a result of Pledgor’s subscription of the increased registered capital of the Company shall also be deemed as Equity Interest.

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	2.4
	In the event that Party C is required by PRC law or upon the written consent by Party A to be liquidated or dissolved, any interest distributed to Pledgor upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account designate and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness prior and in preference to make any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee to the extent permitted under applicable PRC laws.

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3.   Term of Pledge
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	3.1
	The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge

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contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract or any discrepancies with this Agreement, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.
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	3.2
	During the Term of Pledge, in the event Pledgor and/or Party C fails to perform the Contract Obligations or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement.

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4.   Custody of Records for Equity Interest subject to Pledge
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	4.1
	During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s custody the shareholders’ register containing the Pledge within one week from the execution of this Agreement. Pledgee shall have custody of such document during the entire Term of Pledge set forth in this Agreement.

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5.   Representations and Warranties of Pledgor and Party C
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As of the execution date of this Agreement, Pledgor and Party C hereby jointly and severally represent and warrant to Pledgee that:
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	5.1
	Pledgor is the sole legal and beneficial owner of the Equity Interest.

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	5.2
	Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement.

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	5.3
	Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity Interest.

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	5.4
	Pledgor and Party C have obtained any and all approvals and consents from applicable government authorities and third parties (if required) for execution, delivery and performance of this Agreement.

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	5.5
	The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC laws (except for Section 14.2 of this Agreement); (ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, cancelled or attached with additional conditions.

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6.   Covenants of Pledgor and Party C
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	6.1
	During the term of this Agreement, Pledgor and Party C hereby jointly and severally covenant to the Pledgee:

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		6.1.1
	Pledgor shall not transfer the Equity Interest, place or permit the existence of any security interest or other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of Pledgee, except for the performance of the Transaction Documents;

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		6.1.2
	Pledgor and Party C shall comply with the provisions of all laws and regulations applicable to the pledge of rights, and within five (5) days of

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receipt of any notice, order or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon Pledgee’s reasonable request or upon consent of Pledgee;
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		6.1.3
	Pledgor and Party C shall promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on the Equity Interest or any portion thereof, as well as any event or notice received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement.

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		6.1.4
	Party C shall complete the registration procedures for extension of the term of operation within three (3) months prior to the expiration of such term to maintain the validity of this Agreement.

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	6.2
	Pledgor agrees that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgor or any heirs or representatives of Pledgor or any other persons through any legal proceedings. Any heirs or representatives of the Pledgor shall cooperate with the other Parties to this Agreement to make all necessary arrangements and sign all necessary documents, ensuring the fulfillment of this Agreement will not be harmed or prevented by these heirs or representatives.

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

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

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7.   Event of Breach
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	7.1
	The following circumstances shall be deemed Event of Default:

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		7.1.1
	Pledgor’s any breach to any representations, warranties or obligations under the Transaction Documents and/or this Agreement;

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		7.1.2
	Party C’s any breach to any representations, warranties or obligations under the Transaction Documents and/or this Agreement;

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		7.1.3
	Any or various obligation(s) of Party B or Party C under the Transaction Documents and/or this Agreement is/are treated as illegal or void transaction.

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

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	7.3
	Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee and /or Party C delivers a notice to the Pledgor requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding the Pledgor to immediately exercise the Pledge in accordance with the provisions of Section 8 of this Agreement.

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8.   Exercise of Pledge
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	8.1
	Pledgee shall issue a written Notice of Default to Pledgor when it exercises the Pledge.

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	8.2
	Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time after the issuance of the Notice of Default in accordance with Section 8.1. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest.

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	8.3
	After Pledgee issues a Notice of Default to Pledgor in accordance with Section 8.1, Pledgee may exercise any remedy measure under applicable PRC laws, the Transaction Documents and this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers.

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	8.4
	The proceeds from exercise of the Pledge by Pledgee shall be used to pay for tax and expenses incurred as result of disposing the Equity Interest and to perform Contract Obligations and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the remaining balance shall be returned to Pledgor or any other person who have rights to such balance under applicable laws or be deposited to the local notary public office where Pledgor resides, with all expense incurred being borne by Pledgor. To the extent permitted under applicable PRC laws, Pledgor shall unconditionally donate the aforementioned proceeds to Pledgee or any other person designated by Pledgee.

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	8.5
	Pledgee may exercise any remedy measure available simultaneously or in any order. Pledgee may exercise the right to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest under this Agreement, without exercising any other remedy measure first.

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	8.6
	Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf, and Pledgor or Party C shall not raise any objection to such exercise.

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	8.7
	When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

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9.   Breach of Agreement
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	9.1
	If Pledgor or Party C conducts any material breach of any term of this Agreement, Pledgee shall have right to terminate this Agreement and/or require Pledgor or

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Party C to indemnify all damages; this Section 9 shall not prejudice any other rights of Pledgee herein;
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	9.2
	Pledgor or Party C shall not have any right to terminate this Agreement in any event unless otherwise required by applicable laws.

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10.   Assignment
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	10.1
	Without Pledgee’s prior written consent, Pledgor and Party C shall not have the right to assign or delegate their rights and obligations under this Agreement.

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	10.2
	This Agreement shall be binding on Pledgor and his/her successors and permitted assigns, and shall be valid with respect to Pledgee and each of his/her successors and assigns.

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	10.3
	At any time, Pledgee may assign any and all of its rights and obligations under the Transaction Documents and this Agreement to its designee(s), in which case the assigns shall have the rights and obligations of Pledgee under the Transaction Documents and this Agreement, as if it were the original party to the Transaction Documents and this Agreement.

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	10.4
	In the event of change of Pledgee due to assignment, Pledgor and/or Party C shall, at the request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement, and register the same with the relevant AIC.

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	10.5
	Pledgor and Party C shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any remaining rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor except in accordance with the written instructions of Pledgee.

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11.   Termination
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	11.1
	Upon the fulfillment of all Contract Obligations and the full payment of all Secured Indebtedness by Pledgor and Party C, Pledgee shall release the Pledge under this Agreement upon Pledgor’s request as soon as reasonably practicable and shall assist Pledgor to de-register the Pledge from the shareholders’ register of Party C and with relevant PRC local administration for industry and commerce. Pledgee acknowledges that, once Pledgee can hold Party C’s equity interest directly and Party C can continue to undertake its business legally or Pledgee can undertake Party C’s business legally pursuant to the PRC laws and regulatory policy, Pledgee will exercise the Equity Purchase Option under the Exclusive Option Agreement or the Asset Purchase Option in Section 1.5 thereof as soon as possible, so that Pledgee can operate Party C’s business directly or hold Party C’s equity directly. For the avoidance of doubt, this acknowledgement is made by Pledgee to meet the requirements of the regulatory authorities in the place where the controlling shareholder of Party A is listed, and Pledgor and Party C shall not assert any claims and rights against Pledgee thereupon. In addition, in this case, the Parties shall adopt reasonable measures to assist with the termination of the Transaction Documents.

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	11.2
	The provisions under Sections 9, 13, 14 and 11.2 herein of this Agreement shall survive the expiration or termination of this Agreement.

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12.   Handling Fees and Other Expenses
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All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees, shall be borne by Party C.
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13.   Confidentiality
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The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party and such Party shall be held liable for breach of this Agreement.
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14.   Governing Law and Resolution of Disputes
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	14.1
	The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of China.

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	14.2
	In the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party's request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules. The arbitration shall be conducted in Shanghai. The arbitration award shall be final and binding on all Parties. Subject to the provisions of the laws of China, the arbitrator may impose restrictions and/or dispose of Party’s C equity interests or land and other assets (such as for award of remedies), grant injunction (such as for the conduct of business or compelling the transfer of assets), or grant other interim relief, or order winding up of Party C through arbitration. Parties agree that subject to the provisions of the laws of China, pending the formation of arbitration tribunal or in appropriate cases, the courts with jurisdiction (including the courts in Hong Kong, the place of incorporation of the listed company associated with Party A, the place of incorporation of Party C, and the place where the principal assets of listed company associated with Party A or Party C are located) shall have the right to grant interim relief in support of the arbitration. The validity of this Section shall not be subject to any change, cancellation or termination of this Agreement. After arbitration award takes effect, either Party shall have the right to apply to the said courts with jurisdiction for enforcement of the arbitration award.

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	14.3
	Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

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15.   Notices
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	15.1
	All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such party set forth below. A confirmation copy of each notice shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

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	15.2
	Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address specified for notices.

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	15.3
	Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

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	15.4
	For the purpose of notices, the addresses of the Parties are as follows:

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Party A:  Hangzhou Tuya Information Technology Co., Ltd.
Address: Room 701, Tower 3, Zhe Shang Cai Fu Center, Xihu District, Hangzhou
Attn:        Liaohan CHEN
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Party B: Yaona LIN
Address: Room 701, Tower 3, Zhe Shang Cai Fu Center, Xihu District, Hangzhou
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Party C:  Hangzhou Tuya Technology Co., Ltd.
Address: Room 602, Tower 1, Huace Center, Sandun Town, Xihu District, Hangzhou
Attn:       Liaohan CHEN
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	15.5
	Any Party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms hereof.

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16.    Severability
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In the event that one or several of the provisions of this Contract are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.
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17.   Attachments
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The attachments set forth herein shall be an integral part of this Agreement.
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18.   Effectiveness
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	18.1
	This Agreement shall become effective upon execution by the Parties.

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	18.2
	Any amendments, changes and supplements to this Agreement shall be in writing and shall become effective upon completion of the governmental filing procedures (if applicable) after the affixation of the signatures or seals of the Parties. To the extent that it is reasonably practicable and not in violation of the laws of China, the Parties hereto shall modify this Agreement in relation to the laws, regulations or regulatory opinions issued by the regulatory authorities in the place where the controlling shareholder of Party A is listed so that this Agreement meets the relevant requirements, if necessary.

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19.   Language and Counterparts
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This Agreement is written in Chinese and English in four copies. Pledgor, Pledgee and Party C shall hold one copy respectively and the other copy shall be used for registration. The Chinese version and English version shall have equal legal validity.
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IN WITNESS WHEREOF.The Parties have caused their authorized representatives to execute this Amended and Restated Equity Interest Pledge Agreement as of the date first above written.
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	Part A:
	Hangzhou Tuya Information Technology Co., Ltd.
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	By:
	/s/ Liaohan CHEN
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	Name:
	Liaohan CHEN
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	Title:
	Legal Represntative
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IN WITNESS WHEREOF.The Parties have caused their authorized representatives to execute this Amended and Restated Equity Interest Pledge Agreement as of the date first above written.
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	Part B:
	Yaona LIN
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	BY:
	/s/ Yaona LIN
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IN WITNESS WHEREOF.The Parties have caused their authorized representatives to execute this Amended and Restated Equity Interest Pledge Agreement as of the date first above written.
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	Part C:
	Hangzhou Tuya Information Technology Co., Ltd.
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	By:
	/s/ Liaohan CHEN
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	Name:
	Liaohan CHEN
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	Title:
	Legal Represntative
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Attachments:
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	I.
	Shareholders' Register of Party C

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	2.
	Exclusive Business Cooperation Agreement

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	3.
	Exclusive Option Agreement

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	4.
	Power of Attorney

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Exhibit 4.10
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Amended and Restated Exclusive Business Cooperation Agreement
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This amended and restated Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following parties on January 19, 2022 in Hangzhou, the People’s Republic of China (“China” or the “PRC”).
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Party A:     Hangzhou Tuya Information Technology Co., Ltd. (formerly known as Hangzhou Aixiangji Technology Co., Ltd.)
Address:    Room 701, Tower 3, Zhe Shang Cai Fu Center, Xihu District, Hangzhou
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Party B:     Hangzhou Tuya Technology Co., Ltd.
Address:    Room 602, Tower 1, Huace Center, Sandun Town, Xihu District, Hangzhou
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Each of Party A and Party B shall be hereinafter referred to as a “Party” respectively, and as the “Parties” collectively.
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Whereas,
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	1.	The Parties are the parties who entered into the Exclusive Business Cooperation Agreement (hereinafter referred to as the “Original Agreement”) dated December 23, 2014. The Original Agreement provided that, the parties should agree in written before any amendment, modifications or supplement was made to the Original Agreement. The Parties intend to enter into this Agreement to amend, restate and replace all the rights and obligations under the Original Agreement with the rights and obligations provided in this Agreement, while any specific agreement signed under the Original Agreement shall remain

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effective regardless of this amendment and restatement, and on the occasion of any difference, this Agreement may prevail.
	2.
	Party A is a wholly foreign owned enterprise established in China, and has the necessary resources to provide technical and consulting services;

	3.
	Party B is a company established in China with exclusively domestic capital and is permitted by relevant PRC government authorities to engage in the following business: basic software service, application software service; technology development, consulting, service, transfer and training of computer and software; advertisement design, production, agency and publication (excluding web advertisement); sale of computer, software and ancillary equipments and electronic devices (excluding electronic publication); value- added telecommunication business: software and hardware of computers and its ancillary equipment, electronic products, communication products (excluding those under special government control), smart devices, household appliances, houseware, network equipment, lamps, security products, environmental protection equipment, digital products, sensors, gardening tools, medical devices (Class II only). The businesses conducted by Party B currently and any time during the term of this Agreement are collectively referred to as the “Principal Business”;

	4.
	Party A is willing to provide Party B with technical support, consulting services and other services on exclusive basis in relation to the Principal Business during the term of this Agreement, utilizing its advantages in technology, human resources, and information, and Party B is willing to accept such services provided by Party A or Party A's designee(s), each on the terms set forth herein.

Now,  therefore, through  mutual  discussion,  the  Parties  have  reached  the following agreements:
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	1.
	Services Provided by Party A

	1.1
	Party B hereby appoints Party A as Party B's exclusive services provider to provide Party B with comprehensive technical support, consulting services and other services during the term of this Agreement, in accordance with the terms and conditions of this Agreement, including but not limited to the follows:

		(1)
	Licensing Party B to use any software legally owned by Party A;

		(2)
	Development, maintenance and update of software involved in Party B’s business;

		(3)
	Design, installation, daily management, maintenance and updating of network system, hardware and database design;

		(4)
	Technical support and training for employees of Party B;

		(5)
	Assisting Party B in consultancy, collection and research of technology and market information (excluding market research business that wholly foreign-owned enterprises are prohibited  from conducting under PRC law);

		(6)
	Providing business management consultation for Party B; 

		(7)
	Providing marketing and promotion services for Party B;

		(8)
	Providing customer order management and customer services for Party B;

		(9)
	Leasing of equipments or properties; and

		(10)
	Other services requested by Party B from time  to  time  to the extent permitted under PRC law.

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Both Parties understand that the service offered by Party A is limited to the scope of business approved; if Party B demands any service from Party A beyond the scope of business approved, Party A will apply for a larger scope of business to the maximum extent permitted by laws and provide the relevant service after a larger scope of business is approved. In addition, Party A is entitled to suspend or terminate all or part of the service mentioned above to Party B without assuming any legal responsibility if it’s in compliance with PRC laws.
	1.2 
	Party B agrees to accept all the services provided by Party A. Party B further agrees that unless with Party A's prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept the same or any similar services provided by any third party and shall not establish similar corporation relationship with any third party regarding the matters contemplated by this Agreement. Party A may appoint other parties, who may enter into certain agreements described in Section 1.3 with Party B, to provide Party B with the services under this Agreement.

	1.3
	Service Providing Methodology and Finance Support

		1.3.1
	Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manner, personnel, and fees for the specific services.

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		1.3.2
	To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into equipment or property leases with Party A or any other party designated by Party A which shall permit Party B to use Party A's relevant equipment or property based on the needs of the business of Party B.

		1.3.3
	Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under PRC law, at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer agreement, specifying the terms and conditions of the transfer of the assets.

		1.3.4
	To ensure that Party B meets the requirement of cash flow in daily operation and/or to offset any losses incurred in the process of its operation, Party A shall, depending on the actual situation, provide Party B with financial support (only to the extent and in a manner permitted by PRC laws). Party A may provide Party B with financial support by way of bank entrusted loans or other appropriate loans, and enter into  separate agreements where necessary.

	2.
	The Calculation and Payment of the Service Fees

	2.1
	The fees payable by Party B to Party A during the term of this Agreement shall be calculated as follows:

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		2.1.1
	Party B shall pay service fee to Party A on regular basis. The service fee for each installment shall consist of management fee and fee for services provided, the aggregate amount of which equals to the balances of the total income deducting cost and taxes (excluding enterprise income tax) as well as other fees reserved or withdrawn according to the requirements of laws and regulations, and single management fee and fee for services provided shall be determined by Party A after considering:

		(1)
	Complexity and difficulty of the services provided by Party A;

		(2)
	Title of and time consumed by employees of Party A providing the services;

		(3)
	Contents and value of the services provided by Party A;

		(4)
	Market price of the same type of services;

		(5)
	Operation conditions of the Party B.

		2.1.2
	If Party A transfers technology to Party B or develops software or other technology as entrusted by Party B or leases equipments or properties to Party B, the technology transfer price, development fees or rent shall be determined by the Parties based on the actual situations.

		2.1.3
	Party A has the right to summarize the service fee on schedule (the specific period shall be determined by Party A at its own discretion), and send the service fee bill to Party B on a regular basis and notify Party B. Party B shall pay the service fee to the bank account designated by Party A within ten days after receiving such notice. Party B shall fax or mail the copy of the

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remittance voucher to Party A within ten days after the remittance.
	3.
	Intellectual Property Rights and Confidentiality Clauses

	3.1
	Party A shall have exclusive and proprietary ownership, rights and interests in any and all intellectual properties arising out of or created during the performance of this Agreement, including but not limited to copyrights, patents, patent applications, software, technical secrets, trade secrets and others. Party B shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications, render all appropriate assistance and otherwise conduct whatever is necessary as deemed by Party A at its sole discretion for the purposes of vesting any ownership, right or interest of any such intellectual property rights in Party A, and/or perfecting the protections for any such intellectual property rights in Party A.

	3.2
	If the development is carried out by Party A based on the intellectual property rights of Party B, Party B must ensure that there are no defects in the intellectual property rights, otherwise Party B shall assume the losses caused to Party A. If Party A hereby assumes the liability for compensation to any third party, after making such compensation, Party A has the right to recover all its losses from Party B.

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	3.3
	The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third party, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party and such Party shall be held liable for breach of this Agreement.

	4.
	Representations and Warranties

	4.1
	Party A hereby represents, warrants and covenants as follows:

		4.1.1
	Party A is a wholly foreign owned enterprise legally established and validly existing in accordance with the laws of China; Party A or the service providers designated by Party A will obtain all government permits and licenses for providing the service under this Agreement before providing such services.

		4.1.2
	Party A has taken all necessary corporate actions, obtained all  necessary  authorizations  as  well  as  all  consents  and

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approvals from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Party A’s execution, delivery and performance of this Agreement do not violate any explicit requirements under any law or  regulation.
		4.1.3
	Without violating the laws of China, this Agreement constitutes Party A’s legal, valid and binding obligations, enforceable against it in accordance with its terms.

	4.2
	Party B hereby represents, warrants and covenants as follows:

		4.2.1
	Party B is a company legally established and validly existing in accordance with the laws of China and has obtained and will maintain all permits and licenses for engaging in the Principal Business. In all matters that Party A must engage in to effectively perform its duties and obligations under this Agreement, Party B shall assist and provide Party A with full cooperation and actively cooperate with the services provided by Party A, accept Party A’s reasonable opinions and suggestions on Party B’s business, and pay the service fees to Party A in full and in time according to the provisions of this Agreement.

		4.2.2
	Party B has taken all necessary corporate actions, obtained all necessary authorizations as well as all consents and approvals from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Party B’s execution, delivery and performance of this Agreement do not violate any explicit requirements under any law or  regulation.

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		4.2.3
	Without violating the laws of China, this Agreement constitutes Party B’s legal, valid and binding obligations, and shall be enforceable against it in accordance with its terms.

	5.
	Term of Agreement

	5.1
	This Agreement shall become effective upon execution by the Parties. Unless terminated in accordance with the provisions of this Agreement or terminated in writing by Party A, this Agreement shall remain effective.

	5.2 
	During the term of this Agreement, each Party shall renew its operation term prior to the expiration thereof so as to enable this Agreement to remain effective. This Agreement shall be terminated upon the expiration of the operation term of a Party if the application for renewal of its operation term is not approved by relevant government authorities.

	5.3
	The rights and obligations of the Parties under Sections 3, 6, 7 and this Section 5.3 shall survive the termination of this Agreement.

	6.
	Governing Law and Resolution of Disputes

	6.1
	The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of China.

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	6.2
	In the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party's request to the other Party for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its arbitration rules. The arbitration shall be conducted in Shanghai. The arbitration award shall be final and binding on both Parties. Subject to the provisions of the laws of China, the arbitrator may impose restrictions on and/or dispose of Party B’s equity interests or land and other assets (such as for award of remedies), grant injunction (such as for the conduct of business or compelling the transfer of assets), or grant other interim relief, or order winding up of Party B through arbitration. Both Parties agree that subject to the provisions of the laws of China, pending the formation of the arbitration tribunal or in appropriate cases, the courts with jurisdiction (including the courts in Hong Kong, the place of incorporation of the listed company associated with Party A, the place of incorporation of Party B, and the place where the principal assets of listed company associated with Party A or Party B are located) shall have the right to grant interim relief in support of the arbitration. The validity of this Section shall not be subject to any change, cancellation or termination of this Agreement. After the arbitration award takes effect, either Party shall have the right to apply to the said courts with jurisdiction for enforcement of the arbitration award.

	6.3
	Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties shall continue to exercise their respective rights under this Agreement and perform  their respective obligations under this Agreement.

	7.
	Breach of Agreement and Indemnification

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	7.1
	If Party B conducts any material breach of any term of this Agreement, Party A shall have right to terminate this Agreement and/or require Party B to indemnify all damages; this Section 7.1 shall not prejudice any other rights of Party A herein.

	7.2
	Unless otherwise required by applicable laws, Party B shall not have any right to terminate this Agreement in any event.

	7.3
	Party B shall indemnify and hold harmless Party A from any losses, injuries, obligations or expenses caused by any lawsuit, claims or other demands against Party A arising from or caused by the services provided by Party A to Party B pursuant this Agreement, except where such losses, injuries, obligations or expenses arise from the gross negligence or willful misconduct of Party A.

	8.
	Force Majeure

	8.1
	In the case of any force majeure events (“Force Majeure”) such as earthquake, typhoon, flood, fire, flu, war, strikes or any other events that cannot be predicted and are unpreventable and unavoidable by the affected Party, which directly or indirectly causes the failure of either Party to perform or completely perform this Agreement, then the Party affected by such Force Majeure shall give the other Party written notices without any delay, and shall provide details of such event within 15 days after sending out such notice, explaining the reasons for such failure of, partial or delay of performance.

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	8.2
	If such Party claiming Force Majeure fails to notify the other Party and furnish it with proof pursuant to the above provision, such Party shall not be excused from the non-performance of its obligations hereunder. The Party so affected by the event of Force Majeure shall use reasonable efforts to minimize the consequences of such Force Majeure and to promptly resume performance hereunder whenever the causes of such excuse are cured. Should the Party so affected by the event of Force Majeure fail to resume performance hereunder when the causes of such excuse are cured, such Party shall be liable to the other Party.

	8.3
	In the event of Force Majeure, the Parties shall immediately consult with each other to find  an  equitable  solution  and  shall use all reasonable endeavours to minimize the consequences of such Force Majeure.

	9.
	Notices

	9.1
	All notices and  other  communications  required  or  permitted  to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

		9.1.1
	Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of receipt or refusal at the address specified for notices.

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		9.1.2
	Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

	9.2
	For the purpose of notices, the addresses of the Parties are as follows:

Party A:        Hangzhou Tuya Information Technology Co., Ltd.
Address:       Room 701, Tower 3, Zhe Shang Cai Fu Center, Xihu District, Hangzhou
Attn:             Liaohan CHEN
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Party B:        Hangzhou Tuya Technology Co., Ltd.
Address:       Room 602, Tower 1, Huace Center, Sandun Town, Xihu District, Hangzhou
Attn:             Liaohan CHEN
	9.3
	Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms hereof.

	10.
	Assignment

	10.1
	Without Party A’s prior written consent, Party B shall not assign its rights and obligations under this Agreement to any third party.

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	10.2
	Party B agrees that Party A may assign its obligations and rights under this Agreement to any third party and in case of such assignment, Party A is only required to give written notice to Party B and does not need any consent from Party B for such assignment.

	10.3
	The rights and obligations under this Agreement shall be legally binding on the assignee and successor of the rights and obligations of the Parties to the Agreement (regardless of whether the transfer of such rights and obligations is caused by acquisition, reorganization, inheritance, assignment or other reasons).

	11.
	Severability

In the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.
	12.
	Amendments and Supplements

Any amendments and supplements to this Agreement shall be in writing. The amendment agreements and supplementary agreements that have been signed by the Parties and relate to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement. To the extent that it is reasonably practicable and not in violation of the laws
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of China, the Parties hereto shall modify this Agreement in relation to the laws and regulations or regulatory opinions issued by the regulatory authorities in the place where the controlling shareholder of Party A is listed so that this Agreement meets the relevant requirements, if necessary.
	13.
	Language and Counterparts

This Agreement is written in both Chinese and English language in two copies, each Party having one copy. The Chinese version and English version shall have equal legal validity.
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IN WITNESS WHEREOF. The Parties have caused their authorized representatives to execute this Amended and Restated Exclusive Business Cooperation Agreement as of the date first above written.
	Party A:
	Hangzhou Tuya Information Technology Co., Ltd.
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	By:
	/s/ Liaohan CHEN
	​

	Name:
	Liaohan CHEN
	​

	Title:
	Legal Representative
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IN WITNESS WHEREOF. The Parties have caused their authorized representatives to execute this Amended and Restated Exclusive Business Cooperation Agreement as of the date first above written.
	Party B:
	Hangzhou Tuya Technology Co., Ltd.
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	By:
	/s/ Liaohan CHEN
	​

	Name:
	Liaohan CHEN
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	Title:
	Legal Representative
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