Document:

EX-4.37

 Exhibit 4.37 

Business Operation Agreement 
 This
Business Operation Agreement (this “Agreement”), dated as of December 18, 2018, is made by and among the following parties: 
  

			
	Party A:	  	QOOL Media Technology (Tianjin) Co., Ltd.
	Address:	  	Room 502 Floor 5th, Podium Building, R&D Mansion, No. 1620, Zhongtian Avenue, Sino-Singapore Eco-city, Tianjin
	Legal representative:	  	Yiu Pak LEUNG
		
	Party B:	  	QOOL Media (Tianjin) Co., Ltd.
	Address:	  	Room 501 Floor 5th, Podium Building, R&D Mansion, No. 1620, Zhongtian Avenue, Sino-Singapore Eco-city, Tianjin
	Legal representative:	  	FENG Chen
		
	Party C1:	  	Beijing Momo Technology Co., Ltd.
	Address:	  	Room 222002, Floor 20th, Building No.6, Yard No.1, Futongdong Avenue, Chaoyang District, Beijing
	Legal representative:	  	Yan Tang
		
	Party C2:	  	Tianjin Mingqiao Media Partnership (Limited Partnership)
	Address:	  	TG No.294, Room209, Floor 2nd, Zone C, Animation Mansion, No. 126, Dongmanzhong Road, Eco-city, Tianjin
	Legal representative:	  	FENG Chen
		
	Party C3:	  	
	DA Ridan	  	(ID Card No. ***)
	Address:	  	Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing, PRC.
		
	Party C4:	  	
	FENG Chen	  	(ID Card No. ***)
	Address:	  	Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing, PRC.

 (Individually a “Party”; collectively the “Parties”) 

WHEREAS: 
  

	A.	 Party A is a wholly foreign-owned enterprise incorporated and validly existing in the People’s Republic of
China (the “PRC”); 

  

	B.	 Party B is a limited liability company incorporated in the PRC and engaged in cultural and artistic exchanges,
cultural brokerage, program production and distribution and advertising business etc.; 

  

	C.	 Party A and Party B have established business relation by entering into a certain Exclusive Consulting and
Management Services Agreement, under which Party B will make various payments to Party A and therefore Party B’s activities in its ordinary course of business will have material effect upon its ability to make relevant payment to Party A; and

  

	D.	 Party C1 and Party C2 are the shareholders of Party B (collectively, the “Founding Shareholders”), in
which each of Party C1 and Party C2 holds 70% and 30% of Party B, respectively. 

  
 1 

 NOW, THEREFORE, the Parties, through friendly consultations and based on the principle of equality
and mutual benefit, hereby agree as follows: 
  

	1.	 Negative Obligations 

In order to guarantee the performance by Party B of the agreement entered into by and between Party A and Party B and all of Party B’s obligations towards
Party A, the Founding Shareholders hereby acknowledge, agree and jointly warrants that without prior written consent of Party A or any party designated by Party A, Party B shall not engage in any transaction which may have material or adverse effect
on any of its assets, businesses, employees, obligations, rights or operations, including without limitation: 
  

	1.1	 Conduct of any activity outside its ordinary course of business or in a manner inconsistent with its past
practice; 

  

	1.2	 Making any borrowing or undertaking any indebtedness from any third party; 

 

	1.3	 Change or removal of any of its directors or senior officers; 

 

	1.4	 Sale, acquisition or any other disposal of any assets or rights, including without limitation any intellectual
property rights, with any third party; 

  

	1.5	 Creation of any guarantee or any other security on any of its assets or intellectual properties in favor of any
third party, or creation of any encumbrance on any of its assets; 

  

	1.6	 Change of its articles of association or its scope of business; 

 

	1.7	 Change of its ordinary course of business or any of its material bylaws; 

 

	1.8	 Transfer any of its rights or obligations under this Agreement to any third party; 

 

	1.9	 Making any material change to its business pattern, marketing strategy, business plan or customer relationship;
and 

  

	1.10	 Distribution of any bonus or dividend. 

 

	2.	 Business Management and Human Resources Arrangement 

 

	2.1	 Party B and the Founding Shareholders hereby jointly agree to accept and strictly implement any proposal made
by Party A from time to time regarding employment and removal of Party B’s employees, day-to-day business management and financial management system of Party B.

  

	2.2	 Party B and the Founding Shareholders hereby jointly agree that the Founding Shareholders elect or appoint, as
applicable, any person designated by Party A as Party B’s director, chairman, president, chief financial officer and any other executive officers in accordance with relevant laws, regulations and its articles of association.

  

	2.3	 Upon termination of his or her employment with Party A, either voluntarily or by Party A, each of the directors
or senior officers elected or appointed under Section 2.2 will be simultaneously disqualified to hold any position in Party B; under such circumstance, the Founding Shareholders will elect any other person designated by Party A for such
position. 

  

	2.4	 For purpose of Section 2.3, the Founding Shareholders will take any actions required under relevant laws,
articles of association and this Agreement to effect the employment and termination provided under Sections 2.2 and 2.3. 

  
 2 

	2.5	 The Founding Shareholders hereby agree that in conjunction with execution of this Agreement, they will execute
an irrevocable power of attorney authorizing Party A to exercise their respective rights as shareholders of Party B and respective voting rights at Party B’s shareholders meeting. 

 

	3.	 Other Agreements 

 

	3.1	 Upon termination or expiration of any agreement between Party A and Party B, Party A may elect to terminate all
of its agreements with Party B, including without limitation the Exclusive Consulting and Management Services Agreement. 

  

	3.2	 Considering the business relationship established between Party A and Party B based on the executed Exclusive
Consulting and Management Services Agreement, Party B’s activities in its ordinary course of business will have material effect upon its ability to make relevant payment to Party A. The Founding Shareholders agree that any bonus, dividend or
any other benefit or interest receivable by it as shareholder of Party B will be unconditionally and automatically paid or transferred to Party A. 

  

	4.	 All Agreements and Amendments 

 

	4.1	 This Agreement and all of the agreements and/or documents referred to or expressly included herein constitute
entire agreements among the Parties with respect to the subject matter hereof and supersede all prior agreements, contracts, understandings and communications, written or oral, among the Parties with respect to the same. 

 

	4.2	 This Agreement may not be amended unless by agreement of the Parties in writing. Any amendment or supplement
hereto duly executed by the Parties shall be an integral part of and have the same effect with this Agreement. 

  

	5.	 Governing Law 

The execution, validity, performance of this Agreement and resolution of any dispute arising from this Agreement shall be governed by the laws of the PRC. 

 

	6.	 Dispute Resolution 

 

	6.1	 Should any dispute arise in connection with construction or performance of any provision under this Agreement,
the Parties shall seek in good faith to resolve such dispute through negotiations. If the negotiations fail, any of the Parties may submit the dispute to Beijing Arbitration Commission for arbitration in accordance with its arbitration rules then in
effect. The arbitration will be in Chinese. The arbitral award shall be final and binding on each of the Parties. 

  

	6.2	 Except for the matter under dispute, each of the Parties shall continue to perform its obligations under this
Agreement in good faith. 

  

	7.	 Notices 

All notices made by each of the Parties to exercise any of its rights or perform any of its obligations hereunder shall be in writing and given to the
following address in person, by registered mail, prepaid mail, recognized courier service, or by fax. 
  

			
	To Party A:	  	QOOL Media Technology (Tianjin) Co., Ltd.
	Address:	  	20/F Block B, Tower 2 Wangjing SOHO, No.1 Futong East Street Chaoyang District, Beijing,
	Telephone:	  	010-8405 9335
	Attention:	  	Yiu Pak LEUNG

  
 3 

			
	To Party B:	  	QOOL Media (Tianjin) Co., Ltd.
	Address:	  	Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing, PRC.
	Telephone:	  	010-8405 9335
	Attention:	  	Yiu Pak LEUNG
		
	To Party C:	  	
	Beijing Momo Technology Co., Ltd.
	Address:	  	20/F Block B, Tower 2 Wangjing SOHO, No.1 Futong East Street Chaoyang District, Beijing,
	Telephone:	  	010-5731 0555
	Attention:	  	Ying Zhang
	
	Tianjin Mingqiao Media Partnership (Limited Partnership)
	Address:	  	Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing, PRC.
	Telephone:	  	010-8405 9335
	Attention:	  	Yiu Pak LEUNG
		
	DA Ridan	  	
	Address:	  	Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing, PRC.
	Telephone:	  	010-8405 9335
	Attention:	  	Yiu Pak LEUNG
		
	FENG Chen	  	
	Address:	  	Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing, PRC.
	Telephone:	  	010-8405 9335
	Attention:	  	Yiu Pak LEUNG

  

	8.	 Effectiveness, Term and other terms of this Agreement 

 

	8.1	 Any written consent, proposal, appointment and any other decision in connection with this Agreement which has
material effect on Party B’s day-to-day business operations shall be made by Party A’s board of directors. 

 

	8.2	 This Agreement shall become effective upon execution by each of the Parties on the date first written above.
The term of this Agreement will be ten (10) years unless early terminated by Party A. Upon request from Party A, the Parties may extend the term of this Agreement prior to its expiration or enter into a separate business agreement, each as
requested by Party A. 

  

	8.3	 During the term of this Agreement, none of Party B or Founding Shareholders may terminate this Agreement. Party
A shall have the right to terminate this Agreement at any time with notice to Party B and its Shareholders in writing. 

  

	8.4	 If any term or provision hereof is found illegal or unenforceable under applicable laws, such term or provision
shall be deemed deleted from this Agreement without any effect, and the remainder of this Agreement shall remain in force and effect as if such term or provision had never been contained herein. The Parties shall negotiate to replace such deleted
term or provision with a lawful and valid term or provision acceptable to each of the Parties. 

  

	8.5	 Failure to exercise any right, power or privilege hereunder shall not be deemed as waiver thereof. Any single
or partial exercise of any right, power or privilege hereunder shall not preclude exercise of any other right, power or privilege under this Agreement. 

  
 4 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their duly authorized
representatives on the date first written above. 
 (The Remainder of this page is intentionally left blank) 

  
 5 

			
	Party A:	 	QOOL Media Technology (Tianjin) Co., Ltd.
	By:	 	 /s/ Yiu Pak LEUNG /common seal/

	Name:	 	Yiu Pak LEUNG
		
	Party B:	 	QOOL Media (Tianjin) Co., Ltd.
	By:	 	 /s/ FENG Chen /common seal/

	Name:	 	FENG Chen
		
	Party C1:	 	Beijing Momo Technology Co., Ltd.
	By:	 	 /s/ Yan Tang /common seal/

	Name:	 	Yan Tang
		
	Party C2:	 	Tianjin Mingqiao Media Partnership (Limited Partnership)
	By:	 	 /s/ FENG Chen /common seal/

	Name:	 	FENG Chen
		
	Party C2:	 	DA Ridan
	By:	 	 /s/ DA Ridan

		
	Party C2:	 	FENG Chen
	By:	 	 /s/ FENG Chen

  
 6EX-4.38

 Exhibit 4.38 

Exclusive Option Agreement 

This Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of December 18, 2018 in
Beijing, the People’s Republic of China (“China” or the “PRC”): 
  

			
	Party A:	  	QOOL Media Technology (Tianjin) Co., Ltd., a wholly foreign-owned enterprise, organized and existing under the laws of the PRC, with its address at Room 502, Floor 5th, Podium Building, R&D Mansion, No. 1620, Zhongtian
Avenue, Sino-Singapore Eco-city, Tianjin;
		
	Party B:	  	Beijing Momo Technology Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with its address at Room 222002, Floor 20th, Building No.6, Yard
No.1, Futongdong Avenue, Chaoyang District, Beijing; and
		
	Party C:	  	QOOL Media (Tianjin) Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with its address at Room 501, Floor 5th, Podium Building, R&D Mansion, No. 1620, Zhongtian Avenue, Sino-Singapore
Eco-city, Tianjin.

 In this Agreement, Party A, Party B, and Party C shall each be referred to as a “Party”
respectively, and they shall be collectively referred to as the “Parties.” 
 Whereas: 

Party B is a shareholder of Party C and as of the date hereof holds 70.00% of the equity interests of Party C, representing RMB 7,000,000 in
the registered capital of Party C. 
 After mutual discussions and negotiations, the Parties have now reached the following agreement: 

 

	1.	 Sale and Purchase of Equity Interest 

 

	 	1.1	 Option Granted 

Party B hereby irrevocably grants Party A a binding and exclusive right to purchase, or designate one or more persons (each, a
“Designee”) to purchase the equity interests in Party C then held by Party B at once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the
price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with
respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners,
enterprises, trusts, or non-corporate organizations. 

  
 1 

	 	1.2	 Steps for Exercise of the Equity Interest Purchase Option 

Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written
notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased
by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for transfer of the Optioned Interests. 

 

	 	1.3	 Equity Interest Purchase Price 

The purchase price of the Optioned Interests (the “Base Price”) shall be RMB 1. If PRC law requires a minimum price higher than the
Base Price when Party A exercises the Equity Interest Purchase Option, the minimum price regulated by PRC law shall be the purchase price (collectively, the “Equity Interest Purchase Price”). Party B shall return any difference between the
Base Price and the Equity Interest Purchase Price to Party A. 
  

	 	1.4	 Transfer of Optioned Interests 

For each exercise of the Equity Interest Purchase Option: 
  

	 	1.4.1	 Party B shall cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall be
adopted approving Party B’s transfer of the Optioned Interests to Party A and/or the Designee(s); 

  

	 	1.4.2	 Party B shall obtain written statements from the other shareholders of Party C giving consent to the transfer
of the equity interest to Party A and/or the Designee(s) and waiving any right of first refusal related thereto; 

  

	 	1.4.3	 Party B shall execute an equity interest transfer contract with respect to each transfer with Party A and/or
each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the Optioned Interests; 

 

	 	1.4.4	 The relevant Parties shall execute all other necessary contracts, agreements, or documents, obtain all
necessary government licenses and permits, and take all necessary actions to transfer the valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s)
to become the registered owner(s) of the Optioned Interests. For the purpose of this Section and this Agreement, “security interests” shall include securities, mortgages, third party’s rights or interests, any stock options,
acquisition right, right of first refusal, right to offset, ownership retention, or other security arrangements, but shall be deemed to exclude any security interest created by this Agreement, Party B’s Equity Interest Pledge Agreement, and
Party B’s Power of Attorney. “Party B’s Equity Interest Pledge Agreement” as used in this Agreement shall refer to the Interest Pledge Agreement executed by and among Party A, Party B and Party C on the date hereof and any
modifications, amendments, and restatements thereto. “Party B’s Power of Attorney” as used in this Agreement shall refer to the Power of Attorney executed by Party B on the date hereof granting Party A with a power of attorney and any
modifications, amendments, and restatements thereto. 

  
 2 

	 	1.5	 Asset Purchase Option 

Party C hereby grants to Party A an irrevocable and exclusive option to have Party A or its Designee to purchase from Party C, at Party
A’s sole discretion, at any time and in accordance with the procedures decided by Party A in its sole discretion, any or all of the assets of Party C, to the extent permitted under PRC law, and at the lowest purchase price permitted by PRC law.
The Parties shall then enter into a separate assets transfer agreement, specifying the terms and conditions of the transfer of the assets. 
  

	2.	 Covenants 

 

	 	2.1	 Covenants regarding Party C 

Party B (as a shareholder of Party C) and Party C hereby covenant on the following: 

 

	 	2.1.1	 Without the prior written consent of Party A, they shall not in any manner supplement, change, or amend the
articles of association of Party C, increase or decrease its registered capital, or change its structure of registered capital in other manners; 

  

	 	2.1.2	 They shall maintain Party C’s corporate existence in accordance with good financial and business standards
and practices, as well as obtain and maintain all necessary government licenses and permits by prudently and effectively operating its business and handling its affairs; 

 

	 	2.1.3	 Without the prior written consent of Party A, they shall not at any time following the date hereof, sell,
transfer, mortgage, or dispose of in any manner any material assets of Party C or legal or beneficial interest in the material business or revenues of Party C of more than RMB 50,000, or allow the encumbrance thereon of any security interests;

  
 3 

	 	2.1.4	 Without the prior written consent of Party A, they shall not incur, inherit, guarantee, or suffer the existence
of any debt, except for payables incurred in the ordinary course of business other than through loans; 

  

	 	2.1.5	 They shall always operate all of Party C’s businesses within the normal business scope to maintain the
asset value of Party C and refrain from any action/omission that may affect Party C’s operating status and asset value; 

  

	 	2.1.6	 Without the prior written consent of Party A, they shall not cause Party C to execute any major contract,
except the contracts in the ordinary course of business (for the purpose of this subsection, a contract with a price exceeding RMB 50,000 shall be deemed a major contract); 

 

	 	2.1.7	 Without the prior written consent of Party A, they shall not cause Party C to provide any person with a loan or
credit; 

  

	 	2.1.8	 They shall provide Party A with information on Party C’s business operations and financial condition at
Party A’s request; 

  

	 	2.1.9	 If requested by Party A, they shall procure and maintain insurance in respect of Party C’s assets and
business from an insurance carrier acceptable to Party A, at an amount and type of coverage typical for companies that operate similar businesses; 

  

	 	2.1.10	 Without the prior written consent of Party A, they shall not cause or permit Party C to merge, consolidate
with, acquire, or invest in any person; 

  

	 	2.1.11	 They shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration,
or administrative proceedings relating to Party C’s assets, business, or revenue; 

  

	 	2.1.12	 To maintain the ownership by Party C of all of its assets, they shall execute all necessary or appropriate
documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and raise necessary or appropriate defenses against all claims; 

 

	 	2.1.13	 Without the prior written consent of Party A, they shall ensure that Party C shall not in any manner distribute
dividends to its shareholders, provided that upon Party A’s written request, Party C shall immediately distribute all distributable profits to its shareholders; 

 

	 	2.1.14	 At the request of Party A, they shall appoint any person designated by Party A as the director or executive
director of Party C. 

  
 4 

	 	2.1.15	 Without Party A’s prior written consent, they shall not engage in any business in competition with Party A
or its affiliates; and 

  

	 	2.1.16	 Unless otherwise required by PRC law, Party C shall not be dissolved or liquated without prior written consent
by Party A. 

  

	 	2.2	 Covenants of Party B 

Party B hereby covenants to the following: 
  

	 	2.2.1	 Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage, or dispose of in any
other manner any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon, except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement and Party B’s
Power of Attorney; 

  

	 	2.2.2	 Without the prior written consent of Party A, Party B shall cause the shareholders’ meeting and/or the
directors (or the executive director) of Party C not to approve any sale, transfer, mortgage, or disposition in any other manner of any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon
of any security interest, except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney; 

 

	 	2.2.3	 Without the prior written consent of Party A, Party B shall cause the shareholders’ meeting or the
directors (or the executive director) of Party C not to approve the merger or consolidation with any person, or the acquisition of or investment in any person; 

 

	 	2.2.4	 Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
arbitration, or administrative proceedings relating to the equity interests in Party C held by Party B; 

  

	 	2.2.5	 Party B shall cause the shareholders’ meeting or the directors (or the executive director) of Party C to
vote their approval of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions that may be requested by Party A; 

 

	 	2.2.6	 To the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute all necessary or
appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and raise necessary or appropriate defenses against all claims; 

 

	 	2.2.7	 Party B shall appoint any designee of Party A as the director or the executive director of Party C, at the
request of Party A; 

  
 5 

	 	2.2.8	 Party B hereby waives its right of first refusal in regards to the transfer of equity interest by any other
shareholder of Party C to Party A (if any), and gives consent to the execution by each other shareholder of Party C with Party A and Party C the exclusive option agreement, the equity interest pledge agreement and the power of attorney similar to
this Agreement, Party B’s Equity Interest Pledge Agreement, and Party B’s Power of Attorney, and accepts not to take any actions in conflict with such documents executed by the other shareholders; 

 

	 	2.2.9	 Party B shall promptly donate any profits, interests, dividends, or proceeds of liquidation to Party A or any
other person designated by Party A to the extent permitted under the applicable PRC laws; and 

  

	 	2.2.10	 Party B shall strictly abide by the provisions of this Agreement and other contracts jointly or separately
executed by and among Party B, Party C, and Party A, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B has any remaining
rights with respect to the equity interests subject to this Agreement hereunder or under Party B’s Equity Interest Pledge Agreement or under Party B’s Power of Attorney, Party B shall not exercise such rights except in accordance with the
written instructions of Party A. 

  

	3.	 Representations and Warranties 

Party B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer
of the Optioned Interests, that: 
  

	 	3.1	 They have the power, capacity, and authority to execute and deliver this Agreement and any equity interest
transfer contracts to which they are parties concerning the Optioned Interests to be transferred thereunder (each, a “Transfer Contract”), and to perform their obligations under this Agreement and any Transfer Contracts. Party B and Party
C agree to enter into Transfer Contracts consistent with the terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer Contracts to which they are parties constitute or will
constitute their legal, valid, and binding obligations, and shall be enforceable against them in accordance with the provisions thereof; 

  

	 	3.2	 Party B and Party C have obtained any and all approvals and consents from the relevant government authorities
and third parties (if required) for the execution, delivery, and performance of this Agreement. 

  
 6 

	 	3.3	 The execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement
or any Transfer Contracts shall not: (i) cause any violations of any applicable PRC laws; (ii) be inconsistent with the articles of association, bylaws, or other organizational documents of Party C; (iii) cause the violation of any
contracts or instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on them; (iv) cause any violation of any condition for
the grant and/or continued effectiveness of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued to either of them;

  

	 	3.4	 Party B has a good and merchantable title to the equity interests held by Party B in Party C. Except for Party
B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney, Party B has not placed any security interest on such equity interests; 

  

	 	3.5	 Party C has a good and merchantable title to all of its assets, and has not placed any security interest on the
aforementioned assets; 

  

	 	3.6	 Party C does not have any outstanding debts, except for (i) debt incurred within its normal business
scope; and (ii) debts disclosed to Party A for which Party A’s written consent has been obtained. 

  

	 	3.7	 Party C has complied with all laws and regulations of China applicable to asset acquisitions; and

  

	 	3.8	 There are no pending or threatened litigation, arbitration, or administrative proceedings relating to the
equity interests in Party C, assets of Party C, or Party C. 

  

	4.	 Effective Date and Term 

This Agreement shall become effective upon execution by the Parties, and remain in effect until all equity interests held by Party B in Party C
have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement. 
  

	5.	 Governing Law and Dispute Resolution 

 

	 	5.1	 Governing Law 

The execution, effectiveness, construction, performance, amendment, and termination of this Agreement as well as any dispute resolution
hereunder shall be governed by the laws of the PRC. 
  

	 	5.2	 Methods of Dispute Resolution 

In the event of any dispute arising with respect to the construction and performance of this Agreement, the Parties shall first attempt to
resolve the dispute through friendly negotiations. In the event that the Parties fail to reach an agreement on the dispute within 30 days after either Party’s request to the other Parties for dispute resolution through negotiations, either
Party may submit the relevant dispute to the Beijing Arbitration Commission for arbitration, in accordance with its arbitration rules. The arbitration shall be conducted in Beijing, and the arbitration award shall be final and binding to all
Parties. 

  
 7 

	6.	 Taxes and Fees 

Each Party shall pay any and all transfer and registration taxes, expenses, and fees incurred thereby or levied thereon in accordance with the
laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts. 

 

	7.	 Notices 

 

	 	7.1	 All notices and other communications required or permitted to be given pursuant to this Agreement shall be
delivered personally or sent by registered mail, prepaid postage, commercial courier services, or 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: 

  

	 	7.1.1	 Notices given by personal delivery, courier services, registered mail, or prepaid postage shall be deemed
effectively given on the date of receipt or refusal at the address specified for such notices; 

  

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

  

	 	7.1.3	 Notices delivered by email shall be deemed effectively served on the date of receipt showed in the email system
of recipients. 

  

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

 

			
	Party A:	  	QOOL Media Technology (Tianjin) Co., Ltd.
	Address:	  	20/F Block B, Tower 2 Wangjing SOHO, No.1 Futong East Street Chaoyang District, Beijing, PRC.
	Attn:	  	Yiu Pak LEUNG
	Phone:	  	010 - 8405 9335
		
	Party B:	  	Beijing Momo Technology Co., Ltd.
	Address:	  	20/F Block B, Tower 2 Wangjing SOHO, No.1 Futong East Street Chaoyang District, Beijing, PRC.
	Attn:	  	Ying Zhang
	Phone:	  	010-5731 0555
		
	Party C:	  	QOOL Media (Tianjin) Co., Ltd.
	 Address:
	  	 Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing,
PRC.

	 Attn:
	  	 Yiu Pak LEUNG

	 Phone:
	  	010 - 8405 9335

  
 8 

	 	7.3	 Any Party may at any time change its address for notices by having a notice delivered to the other Parties in
accordance with the terms hereof. 

  

	8.	 Confidentiality 

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 the confidentiality of all such confidential information, and without obtaining the written consent of other
Parties, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be featured 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
confidential 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 that Party shall be held liable for breach of this Agreement. 
  

	9.	 Further Warranties 

The Parties agree to promptly execute the documents that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement and to take further actions that are reasonably required for or are conducive to the implementation of the provisions and purposes of this Agreement. 

 

	10.	 Breach of Agreement 

 

	 	10.1	 If Party B or Party C conducts any material breach of any term of this Agreement, Party A shall have right to
terminate this Agreement and/or require Party B or Party C to compensate all damages; this Section 10 shall not prejudice any other rights of Party A herein; 

 

	 	10.2	 Party B or Party C shall not have any right to terminate this Agreement in any event unless otherwise required
by the applicable laws. 

  
 9 

	11.	 Miscellaneous 

 

	 	11.1	 Amendments, changes, and supplements 

Any amendments, changes, and supplements to this Agreement shall require the execution of a written agreement by all of the Parties. 

 

	 	11.2	 Entire agreement 

Except for the amendments, supplements, or changes in writing executed after the execution of this Agreement, this Agreement shall constitute
the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations, representations, and contracts reached with respect to the subject matter of this
Agreement. 
  

	 	11.3	 Headings 

The headings of this Agreement are for convenience only, and shall not be used to interpret, explain, or otherwise affect the meanings of the
provisions of this Agreement. 
  

	 	11.4	 Language 

This Agreement is written in both Chinese and English, and contains three copies, with each Party having one copy. The Chinese version and
English version shall have equal legal validity. 
  

	 	11.5	 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 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 the relevant laws 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. 
  

	 	11.6	 Successors 

This Agreement shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assigns of
such Parties. 
  

	 	11.7	 Survival 

  

	 	11.7.1	 Any obligations that occur or are due as a result of this Agreement upon the expiration or early termination of
this Agreement shall survive the expiration or early termination thereof. 

  
 10 

	 	11.7.2	 The provisions of Sections 5, 8, 10, and this Section 11.7 shall survive the termination of this
Agreement. 

  

	 	11.8	 Waivers 

Any Party may waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require the
signatures of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate as a waiver by such a Party with respect to any similar breach in other circumstances. 

  
 11 

 IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this
Exclusive Option Agreement as of the date first above written. 
  

			
	Party A: QOOL Media Technology (Tianjin) Co., Ltd.
		
	By:	 	 /s/ Yiu Pak LEUNG /common seal/

	Name:	 	Yiu Pak LEUNG
	Title:	 	Legal Representative

 IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this
Exclusive Option Agreement as of the date first above written. 
  

			
	Party B: Beijing Momo Technology Co., Ltd.
		
	By:	 	 /s/ Yan Tang /common seal/

	Name:	 	Yan Tang
	Title:	 	Legal Representative

 IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this
Exclusive Option Agreement as of the date first above written. 
  

			
	Party C: QOOL Media (Tianjin) Co., Ltd.
		
	By:	 	 /s/ Chen Feng /common seal/

	Name:	 	Chen Feng
	Title:	 	Legal Representative

 Exclusive Option Agreement 

This Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of December 18, 2018 in
Beijing, the People’s Republic of China (“China” or the “PRC”): 
  

			
	Party A:	  	QOOL Media Technology (Tianjin) Co., Ltd., a wholly foreign-owned enterprise, organized and existing under the laws of the PRC, with its address at Room 502, Floor 5th, Podium Building, R&D Mansion, No. 1620, Zhongtian
Avenue, Sino-Singapore Eco-city, Tianjin;
		
	Party B1:	  	Tianjin Mingqiao Media Partnership (Limited Partnership), a limited partnership organized and existing under the laws of the PRC, with its address at TG No.294, Room209, Floor
2nd, Zone C, Animation Mansion, No. 126, Dongmanzhong Road, Eco-city, Tianjin;
		
	Party B2:	  	DA Ridan, a Chinese citizen with Chinese ID Number of ***;
		
	Party B3:	  	FENG Chen, a Chinese citizen with Chinese ID Number of ***; together with Party B1 and Party B2, hereinafter referred to as Party B;
		
	Party C:	  	QOOL Media (Tianjin) Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with its address at Room 501, Floor 5th, Podium Building, R&D Mansion, No. 1620, Zhongtian Avenue, Sino-Singapore
Eco-city, Tianjin.

 In this Agreement, Party A, Party B, and Party C shall each be referred to as a “Party”
respectively, and they shall be collectively referred to as the “Parties.” 
 Whereas: 

Party B1 is a shareholder of Party C and as of the date hereof holds 30.00% of the equity interests of Party C, representing RMB 3,000,000 in
the registered capital of Party C. 
 After mutual discussions and negotiations, the Parties have now reached the following agreement: 

 

	1.	 Sale and Purchase of Equity Interest 

 

	 	1.1	 Option Granted 

Party B hereby irrevocably grants Party A a binding and exclusive right to purchase, or designate one or more persons (each, a
“Designee”) to purchase the equity interests in Party C then held by Party B1 at once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the
price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with
respect to the equity interests of Party B1. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships,
partners, enterprises, trusts, or non-corporate organizations. 

  
 1 

	 	1.2	 Steps for Exercise of the Equity Interest Purchase Option 

Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written
notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased
by Party A or the Designee from Party B1 (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for transfer of the Optioned Interests. 

 

	 	1.3	 Equity Interest Purchase Price 

The purchase price of the Optioned Interests (the “Base Price”) shall be RMB 1. If PRC law requires a minimum price higher than the
Base Price when Party A exercises the Equity Interest Purchase Option, the minimum price regulated by PRC law shall be the purchase price (collectively, the “Equity Interest Purchase Price”). Party B shall return any difference between the
Base Price and the Equity Interest Purchase Price to Party A. 
  

	 	1.4	 Transfer of Optioned Interests 

For each exercise of the Equity Interest Purchase Option: 
  

	 	1.4.1	 Party B shall cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall be
adopted approving Party B1’s transfer of the Optioned Interests to Party A and/or the Designee(s); 

  

	 	1.4.2	 Party B shall obtain written statements from the other shareholders of Party C giving consent to the transfer
of the equity interest to Party A and/or the Designee(s) and waiving any right of first refusal related thereto; 

  

	 	1.4.3	 Party B1 shall execute an equity interest transfer contract with respect to each transfer with Party A and/or
each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the Optioned Interests; 

  
 2 

	 	1.4.4	 The relevant Parties shall execute all other necessary contracts, agreements, or documents, obtain all
necessary government licenses and permits, and take all necessary actions to transfer the valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s)
to become the registered owner(s) of the Optioned Interests. For the purpose of this Section and this Agreement, “security interests” shall include securities, mortgages, third party’s rights or interests, any stock options,
acquisition right, right of first refusal, right to offset, ownership retention, or other security arrangements, but shall be deemed to exclude any security interest created by this Agreement, Party B’s Equity Interest Pledge Agreement, and
Party B’s Power of Attorney. “Party B’s Equity Interest Pledge Agreement” as used in this Agreement shall refer to the Interest Pledge Agreement executed by and among Party A, Party B and Party C on the date hereof and any
modifications, amendments, and restatements thereto. “Party B’s Power of Attorney” as used in this Agreement shall refer to the Power of Attorney executed by Party B on the date hereof granting Party A with a power of attorney and any
modifications, amendments, and restatements thereto. 

  

	 	1.5	 Asset Purchase Option 

Party C hereby grants to Party A an irrevocable and exclusive option to have Party A or its Designee to purchase from Party C, at Party
A’s sole discretion, at any time and in accordance with the procedures decided by Party A in its sole discretion, any or all of the assets of Party C, to the extent permitted under PRC law, and at the lowest purchase price permitted by PRC law.
The Parties shall then enter into a separate assets transfer agreement, specifying the terms and conditions of the transfer of the assets. 
  

	2.	 Covenants 

 

	 	2.1	 Covenants regarding Party C 

Party B (as a shareholder and beneficial owner of Party C) and Party C hereby covenant on the following: 

 

	 	2.1.1	 Without the prior written consent of Party A, they shall not in any manner supplement, change, or amend the
articles of association of Party C, increase or decrease its registered capital, or change its structure of registered capital in other manners; 

  

	 	2.1.2	 They shall maintain Party C’s corporate existence in accordance with good financial and business standards
and practices, as well as obtain and maintain all necessary government licenses and permits by prudently and effectively operating its business and handling its affairs; 

 

	 	2.1.3	 Without the prior written consent of Party A, they shall not at any time following the date hereof, sell,
transfer, mortgage, or dispose of in any manner any material assets of Party C or legal or beneficial interest in the material business or revenues of Party C of more than RMB 50,000, or allow the encumbrance thereon of any security interests;

  
 3 

	 	2.1.4	 Without the prior written consent of Party A, they shall not incur, inherit, guarantee, or suffer the existence
of any debt, except for payables incurred in the ordinary course of business other than through loans; 

  

	 	2.1.5	 They shall always operate all of Party C’s businesses within the normal business scope to maintain the
asset value of Party C and refrain from any action/omission that may affect Party C’s operating status and asset value; 

  

	 	2.1.6	 Without the prior written consent of Party A, they shall not cause Party C to execute any major contract,
except the contracts in the ordinary course of business (for the purpose of this subsection, a contract with a price exceeding RMB 50,000 shall be deemed a major contract); 

 

	 	2.1.7	 Without the prior written consent of Party A, they shall not cause Party C to provide any person with a loan or
credit; 

  

	 	2.1.8	 They shall provide Party A with information on Party C’s business operations and financial condition at
Party A’s request; 

  

	 	2.1.9	 If requested by Party A, they shall procure and maintain insurance in respect of Party C’s assets and
business from an insurance carrier acceptable to Party A, at an amount and type of coverage typical for companies that operate similar businesses; 

  

	 	2.1.10	 Without the prior written consent of Party A, they shall not cause or permit Party C to merge, consolidate
with, acquire, or invest in any person; 

  

	 	2.1.11	 They shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration,
or administrative proceedings relating to Party C’s assets, business, or revenue; 

  

	 	2.1.12	 To maintain the ownership by Party C of all of its assets, they shall execute all necessary or appropriate
documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and raise necessary or appropriate defenses against all claims; 

 

	 	2.1.13	 Without the prior written consent of Party A, they shall ensure that Party C shall not in any manner distribute
dividends to its shareholders, provided that upon Party A’s written request, Party C shall immediately distribute all distributable profits to its shareholders; 

  
 4 

	 	2.1.14	 At the request of Party A, they shall appoint any person designated by Party A as the director or executive
director of Party C. 

  

	 	2.1.15	 Without Party A’s prior written consent, they shall not engage in any business in competition with Party A
or its affiliates; and 

  

	 	2.1.16	 Unless otherwise required by PRC law, Party C shall not be dissolved or liquated without prior written consent
by Party A. 

  

	 	2.2	 Covenants of Party B 

Party B1 hereby covenants, and Party B2 and Party B3 hereby cause Party B1 to covenant, to the following: 

 

	 	2.2.1	 Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage, or dispose of in any
other manner any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon, except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement and Party B’s
Power of Attorney; 

  

	 	2.2.2	 Without the prior written consent of Party A, Party B shall cause the shareholders’ meeting and/or the
directors (or the executive director) of Party C not to approve any sale, transfer, mortgage, or disposition in any other manner of any legal or beneficial interest in the equity interests in Party C held by Party B1, or allow the encumbrance
thereon of any security interest, except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney; 

 

	 	2.2.3	 Without the prior written consent of Party A, Party B shall cause the shareholders’ meeting or the
directors (or the executive director) of Party C not to approve the merger or consolidation with any person, or the acquisition of or investment in any person; 

 

	 	2.2.4	 Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
arbitration, or administrative proceedings relating to the equity interests in Party C held by Party B; 

  

	 	2.2.5	 Party B shall cause the shareholders’ meeting or the directors (or the executive director) of Party C to
vote their approval of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions that may be requested by Party A; 

 

	 	2.2.6	 To the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute all necessary or
appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and raise necessary or appropriate defenses against all claims; 

  
 5 

	 	2.2.7	 Party B shall appoint any designee of Party A as the director or the executive director of Party C, at the
request of Party A; 

  

	 	2.2.8	 Party B1 hereby waives its right of first refusal in regards to the transfer of equity interest by any other
shareholder of Party C to Party A (if any), and gives consent to the execution by each other shareholder of Party C with Party A and Party C the exclusive option agreement, the equity interest pledge agreement and the power of attorney similar to
this Agreement, Party B’s Equity Interest Pledge Agreement, and Party B’s Power of Attorney, and accepts not to take any actions in conflict with such documents executed by the other shareholders; 

 

	 	2.2.9	 Party B shall promptly donate any profits, interests, dividends, or proceeds of liquidation to Party A or any
other person designated by Party A to the extent permitted under the applicable PRC laws; and 

  

	 	2.2.10	 Party B shall strictly abide by the provisions of this Agreement and other contracts jointly or separately
executed by and among Party B, Party C, and Party A, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B has any remaining
rights with respect to the equity interests subject to this Agreement hereunder or under Party B’s Equity Interest Pledge Agreement or under Party B’s Power of Attorney, Party B shall not exercise such rights except in accordance with the
written instructions of Party A. 

  

	3.	 Representations and Warranties 

Party B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer
of the Optioned Interests, that: 
  

	 	3.1	 They have the power, capacity, and authority to execute and deliver this Agreement and any equity interest
transfer contracts to which they are parties concerning the Optioned Interests to be transferred thereunder (each, a “Transfer Contract”), and to perform their obligations under this Agreement and any Transfer Contracts. Party B and Party
C agree to enter into Transfer Contracts consistent with the terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer Contracts to which they are parties constitute or will
constitute their legal, valid, and binding obligations, and shall be enforceable against them in accordance with the provisions thereof; 

  

	 	3.2	 Party B and Party C have obtained any and all approvals and consents from the relevant government authorities
and third parties (if required) for the execution, delivery, and performance of this Agreement. 

  
 6 

	 	3.3	 The execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement
or any Transfer Contracts shall not: (i) cause any violations of any applicable PRC laws; (ii) be inconsistent with the articles of association, bylaws, or other organizational documents of Party C; (iii) cause the violation of any
contracts or instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on them; (iv) cause any violation of any condition for
the grant and/or continued effectiveness of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued to either of them;

  

	 	3.4	 Party B1 has a good and merchantable title to the equity interests held by Party B in Party C. Except for Party
B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney, Party B1 has not placed any security interest on such equity interests; 

  

	 	3.5	 Party C has a good and merchantable title to all of its assets, and has not placed any security interest on the
aforementioned assets; 

  

	 	3.6	 Party C does not have any outstanding debts, except for (i) debt incurred within its normal business
scope; and (ii) debts disclosed to Party A for which Party A’s written consent has been obtained. 

  

	 	3.7	 Party C has complied with all laws and regulations of China applicable to asset acquisitions; and

  

	 	3.8	 There are no pending or threatened litigation, arbitration, or administrative proceedings relating to the
equity interests in Party C, assets of Party C, or Party C. 

  

	4.	 Effective Date and Term 

This Agreement shall become effective upon execution by the Parties, and remain in effect until all equity interests held by Party B1 in Party
C have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement. 
  

	5.	 Governing Law and Dispute Resolution 

 

	 	5.1	 Governing Law 

The execution, effectiveness, construction, performance, amendment, and termination of this Agreement as well as any dispute resolution
hereunder shall be governed by the laws of the PRC. 
  

	 	5.2	 Methods of Dispute Resolution 

In the event of any dispute arising with respect to the construction and performance of this Agreement, the Parties shall first attempt to
resolve the dispute through friendly negotiations. In the event that the Parties fail to reach an agreement on the dispute within 30 days after either Party’s request to the other Parties for dispute resolution through negotiations, either
Party may submit the relevant dispute to the Beijing Arbitration Commission for arbitration, in accordance with its arbitration rules. The arbitration shall be conducted in Beijing, and the arbitration award shall be final and binding to all
Parties. 

  
 7 

	6.	 Taxes and Fees 

Each Party shall pay any and all transfer and registration taxes, expenses, and fees incurred thereby or levied thereon in accordance with the
laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts. 

 

	7.	 Notices 

 

	 	7.1	 All notices and other communications required or permitted to be given pursuant to this Agreement shall be
delivered personally or sent by registered mail, prepaid postage, commercial courier services, or 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: 

  

	 	7.1.1	 Notices given by personal delivery, courier services, registered mail, or prepaid postage shall be deemed
effectively given on the date of receipt or refusal at the address specified for such notices; 

  

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

  

	 	7.1.3	 Notices delivered by email shall be deemed effectively served on the date of receipt showed in the email system
of recipients. 

  

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

 

			
	Party A:	  	QOOL Media Technology (Tianjin) Co., Ltd.
	Address:	  	20/F Block B, Tower 2 Wangjing SOHO, No.1 Futong East Street Chaoyang District, Beijing, PRC.
	Attn:	  	Yiu Pak LEUNG
	Phone:	  	010 - 8405 9335
		
	Party B:	  	
	Address:	  	Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing, PRC.
	Attn:	  	Yiu Pak LEUNG
	Phone:	  	010 - 8405 9335
		
	 Party C:
	  	 QOOL Media (Tianjin) Co., Ltd.

	 Address:
	  	 Room 1902, 17/F, Building 1, No.13 Workers’ Stadium North Road, Chaoyang District, Beijing,
PRC.

	 Attn:
	  	 Yiu Pak LEUNG

	 Phone:
	  	010 - 8405 9335

  
 8 

	 	7.3	 Any Party may at any time change its address for notices by having a notice delivered to the other Parties in
accordance with the terms hereof. 

  

	8.	 Confidentiality 

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 the confidentiality of all such confidential information, and without obtaining the written consent of other
Parties, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be featured 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
confidential 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 that Party shall be held liable for breach of this Agreement. 
  

	9.	 Further Warranties 

The Parties agree to promptly execute the documents that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement and to take further actions that are reasonably required for or are conducive to the implementation of the provisions and purposes of this Agreement. 

 

	10.	 Breach of Agreement 

 

	 	10.1	 If Party B or Party C conducts any material breach of any term of this Agreement, Party A shall have right to
terminate this Agreement and/or require Party B or Party C to compensate all damages; this Section 10 shall not prejudice any other rights of Party A herein; 

 

	 	10.2	 Party B or Party C shall not have any right to terminate this Agreement in any event unless otherwise required
by the applicable laws. 

  
 9 

	11.	 Miscellaneous 

 

	 	11.1	 Amendments, changes, and supplements 

Any amendments, changes, and supplements to this Agreement shall require the execution of a written agreement by all of the Parties. 

 

	 	11.2	 Entire agreement 

Except for the amendments, supplements, or changes in writing executed after the execution of this Agreement, this Agreement shall constitute
the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations, representations, and contracts reached with respect to the subject matter of this
Agreement. 
  

	 	11.3	 Headings 

The headings of this Agreement are for convenience only, and shall not be used to interpret, explain, or otherwise affect the meanings of the
provisions of this Agreement. 
  

	 	11.4	 Language 

This Agreement is written in both Chinese and English, and contains three copies, with each Party having one copy. The Chinese version and
English version shall have equal legal validity. 
  

	 	11.5	 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 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 the relevant laws 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. 
  

	 	11.6	 Successors 

This Agreement shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assigns of
such Parties. 

  
 10 

	 	11.7	 Survival 

  

	 	11.7.3	 Any obligations that occur or are due as a result of this Agreement upon the expiration or early termination of
this Agreement shall survive the expiration or early termination thereof. 

  

	 	11.7.4	 The provisions of Sections 5, 8, 10, and this Section 11.7 shall survive the termination of this
Agreement. 

  

	 	11.8	 Waivers 

Any Party may waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require the
signatures of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate as a waiver by such a Party with respect to any similar breach in other circumstances. 

  
 11 

 IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this
Exclusive Option Agreement as of the date first above written. 
  

			
	 PartyA: QOOL Media Technology (Tianjin) Co., Ltd.

		
	By:	 	 /s/ Yiu Pak LEUNG /common seal/

	Name:	 	Yiu Pak LEUNG
	Title:	 	Legal Representative

 IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this
Exclusive Option Agreement as of the date first above written. 
  

	Party	 B1: Tianjin Mingqiao Media Partnership (Limited Partnership) 

 

			
	By:	 	 /s/ FENG Chen /common seal/

	Name:	 	FENG Chen
	Title:	 	Executive Partner

  

			
	Party B2:
		
	By:	 	 /s/ DA Ridan

	Name:	 	DA Ridan

  

			
	Party B3:
		
	By:	 	 /s/ FENG Chen /common seal/

	Name:	 	FENG Chen

 IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this
Exclusive Option Agreement as of the date first above written. 
  

			
	Party C: QOOL Media (Tianjin) Co., Ltd.
		
	By:	 	 /s/ FENG Chen /common seal/

	Name:	 	FENG Chen
	Title:	 	Legal Representative

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}]]