Document:

English Translation of Form of Technology Development Contract

  
 Exhibit 10.18

 English Translation 
 Contract Registration No.: Column A  
 Form of Technology
Development Contract 
 (2003 version) 
 Project Name: Column B  
 Client (Party A): Quan Toodou Network Science and
Technology Co., Ltd. 
 Developer (Party B): Reshuffle Technology (Shanghai) Co., Ltd. 
 Place of Signing: Pudong New Area, Shanghai 
 Date of Signing: Column C  

Term of Contract: Column D  
 Shanghai Science and Technology Commission 
 Shanghai Administration of
Industry and Commerce 

  
 1 

  
 In accordance with the Contract Law of
the People’s Republic of China, after negotiations, Party A and Party B hereby enter into this Contract with respect to technology development (commissioned/cooperative development) of the Project of Column B (this Project is part
of                      Program

 ) on the terms and subject to conditions as set forth below: 
 I. Content, Form and Requirements of Target
Technology 

                        
     
 II. Targeted Technical Indicators and Parameters 

                         
    
 III.

 Research & Development Plan 
 1. Column E: complete system requirement analysis and
system architecture design; 
 2. Column F: complete system detail design and partial encoding; 

3. Column G: complete encoding, and unit and integration tests; 
 4. Column H: software system optimization and improvement, and internal test; 
 5.
Column I: system acceptance test and delivery. 
 IV. Research Development Fund, Compensation and Term of Payment or Settlement

 (I) Research Development Fund means the cost required for completion of the Research Development Work; Compensation means the charge for
use of the results of this Development Project and the allowance payable to personnel engaged in this Research Development Work. 
 The Research
Development Fund and Compensation for this Project is (in words): Column J (including     of research fund and 0 of compensation). 
 (II) Term of payment of Fund and Compensation (the following      method is adopted): 
  ̈On lump-sum basis: Column K; 
  ̈Installments: Column L; 
  ̈
    % of profit, payable by:                     ; 
  ̈     % of sales amount, payable by:
                    ; 
  ̈Others: 

  
 2 

  
 V. Equipment, apparatuses and other
materials purchased using part of Research Development Fund shall be owned by: 
 None 

VI. Term, Place and Mode of Performance 

The Contract shall be performed at the business address of Party B during the period of Column D. 

Mode of Performance of the Contract: 
 Party A
will submit the specification of system design requirement to Party B for program development. After completion of program development, Party B shall deliver to Party A: (1) source code of the system; (2) documents on system design and
development; (3) system test reports; (4) user’s manual. 
 VII.

 Confidentiality of Technical Information and Data 
 Party A and Party B may not disclose to any third party
technical and business information concerning this Project during the term of the Contract and within three years after termination of the Contract, and bear any and all consequences arising from unauthorized disclosure. 

VIII. Technical Collaboration and Guidance 
                              

IX. Assumption of Risk 
 If partial or
total failure of the Research Development Project is attributable to technical difficulties insurmountable under existing technical capabilities and conditions during the performance of the Contract, such risk shall be assumed by _4__. (1.
Party A; 2. Party B; 3. Party A and Party B; 4. otherwise agreed by both parties) 
 It is agreed that     % of the
foregoing risk shall be borne by Party A and     % thereof shall be borne by Party B. 
 X. Attribution and
Sharing of Technical Results: 
 (I) Patent application right: 
 The right to apply for a patent of the results of the Project shall be shared by Party A and Party B. 
 (II) Right of use and transfer of technical know-how: 
 The right of use and transfer of technical
know-how achieved in the Project shall be shared by Party A and Party B. 

  
 3 

  
 XI. Acceptance Criteria and Method

 If technical results achieved in the Research Development reach the technical indicators listed in Article 2 hereof, the Project will be
subjected to trial operation in accordance with Party A’s enterprise standard. Party A will issue an acceptance certificate for the Project, provided that it passes the foregoing acceptance. 

XII. Calculation of Liquidated Damages or Loss Compensation 
 Should either party breach the Contract, the defaulting party shall bear the liabilities for breach of the Contract in accordance with relevant provisions of Contract Law of the People’s Republic of
China. 
 (I) If Party      breaches Article      hereof, it shall bear the following
liabilities for breach of contract: 
 (II) If Party      breaches Article      hereof, it
shall bear the following liabilities for breach of contract: 
 (III) Others: 
 XIII.

 Dispute Resolution 
 Any dispute arising from or in connection with the performance hereof may be settled
through conciliation or mediation between both parties. If either party is unwilling to do so or the efforts of conciliation or mediation have failed, both parties agree that such dispute shall be resolved by the means as set forth in Paragraph
(I): 
 (I) by applying to the Shanghai Arbitration Commission for arbitration. 

(II) by bringing a lawsuit before the people’s court of competent jurisdiction in the      place: 

� domicile of the defendant; ‚ place of performance of
the Contract; ƒ place of signing of the Contract; „ domicile of the plaintiff; ... locality of subject
matter 
 XIV. Terms and Definitions 
  

 
 XV.

 Miscellaneous (issues not covered in the foregoing provisions, including but not limited to rights and obligations of intermediary, service fees and terms of payment thereof, down payment, property mortgage, guarantee,
etc) 
  
  

Any article marked

 herein shall be prepared or filled out according to the Filling Instructions attached hereto. 

  
 4 

  

													
	 Client

(Party A)
	  	Name	  	 Quan Toodou Network Science and
 Technology Co., Ltd. (signature/stamp)
	  	 Special seal for

technology contract
 or official seal

 
 [seal: Quan Toodou
 Network Science
 and Technology Co.,
 Ltd]
 /s/ Xiaoyun Zhang
	  	
	  	 Legal

representative
	  	Xiaoyun Zhang (signature/stamp)	  	  
	  	 Authorized

agent
	  	 Liang Zhao (signature/stamp)
  
	  	  
	  	 Contact

(handling
 person)
	  	Liang Zhao (signature/stamp)	  	  
	  	 Domicile
 (mailing

address)
	  	 Room 105, Building D, 2500 Longdong Avenue, Zhangjiang Hi-Tech

Park, Shanghai
	 	Zip code	 	201203	  	  
		  	Tel:	  	Column M 	 		 		  		  	
		  	Bank of deposit	  		 		 		  	Column C	  	
		  	Account No.	  		 		 		  		  	
	 Developer
 (Party
B)
	  	Name	  	 Reshuffle Technology (Shanghai) Co.,
 Ltd. (signature/stamp)
	  	 Special seal for

technology contract
 or official seal

 
 [seal: Reshuffle
 Technology
 (Shanghai) Co.,
 Ltd.]
 /s/ Wei Wang
	  	
	  	Legal representative	  	Wei Wang (signature/stamp)	  	  
	  	 Authorized

agent
	  	Haiguang Chen (signature/stamp)	  	  
	  	 Contact

(handling
 person)
	  	Haiguang Chen (signature/stamp)	  	  
	  	 Domicile

(mailing
 address)
	  	Column N 	 	Zip code	 	200003	  	  
	  	Tel:	  	53750261	  	  
		  	Bank of deposit	  		 		 		  	Column C	  	
		  	Account No.	  		 		 		  		  	
	Intermediary	  	Name	  		 		 		  	Special seal for	  	
		  	Legal	  		 		 		  	technology contract	  	
		  	representative	  		 		 		  	or official seal	  	
		  	 Authorized

agent
	  		 		 		  		  	
		  	 Contact
 (handling

person)
	  		 		 		  		  	
		  	 Domicile
 (mailing

address)
	  		 	Zip code	 		  	Date:	  	
		  	Tel:	  		 		 		  		  	
		  	Bank of deposit	  		 		 		  		  	
		  	Account No.	  		 		 		  		  	

  
 5 

  
 Filling
Instructions (stamp tax receipt may be affixed) 
 I. “Contract Registration No.”: 

The contract registration number shall be filled in by the contract registry. 
 II. A technology development contract is a contract signed by parties concerned for the research and development of new technologies, products, processes, materials and systems. Technology development
contracts fall into commissioned development contracts and cooperative development contracts. 
 III. Specify if the project is part of a
program in the charge of a ministry/commission of the State Council, province, autonomous region, municipality, city with independent planning jurisdiction, prefecture, county-level city/county. If the project is not part of any above program, just
tick off with “/”. 
 IV. Content and form of target technology: 
 Fill in with the technical and economic indexes set for the development project, development purpose, scope of use and expected benefits, mode and quantity of deliverables. 

Development deliverables may be in any of the following forms: 
 1. Product design, process specification, material formula, and other technical documents like drawings, papers and reports; 
 2. Disk, magnetic tape, computer software; 
 3. New species of animal, plant or microorganism;

 4. Sample product, machine; 
 5.
Complete set of technological equipment; 
 V. Research and development plan: 
 It includes the stages of implementation by parties of the development project, technical issues to be solved at different stages, expected goals and deadlines for completion of goals, etc. 

VI. Confidentiality of technical information and data: 
 It includes the requirements on confidentiality of information and data from parties concerned, term of confidentiality obligation, and the liabilities for unauthorized disclosure of technical secrets.

 It may be agreed that the clause of confidentiality shall survive the change, cancellation or termination of the contract. 

VII. Resolution of contract dispute: 

“Arbitration Law of the People’s Republic of China” stipulates the system of “arbitration or trial”. Once a dispute is referred
for arbitration, the parties waive the right to bring a suit; once the dispute is brought to court, the parties waive the right to refer it for arbitration. Therefore, both parties shall agree upon the resolution of contract dispute. 

  
 6 

  
 VIII. Miscellaneous: 

If the Contract is signed with the help of an intermediary, the intermediary contract shall be deemed as an annex hereto. If both parties agree to down
payment, property mortgage or guarantee, the duplicate copy of documentary evidence proving down payment, property mortgage and guarantee shall be deemed as an annex hereto. 
 IX. If the Contract is signed by an authorized agent of either party, the power of attorney shall be presented. 
 X. If it is agreed that any provision hereof is unnecessary to fill out, the blank reserved for the provision shall be ticked off with “/”. 

XI. The original of the Contract is made in quintuplicate. 
  

			
	  

Registration verification by registration authority:

	 	 	
                   
              Technology contract registry (special seal)
 [seal: Technology Market Administration Office of Shanghai]
  

    Handling person:

 
 Column
O
  

  
 7 

  

																			
	 	 	 Column A
	  	 Column B
	  	 Column C
	  	 Column D
	  	 Column E
	  	 Column F
	  	 Column G
	  	 Column H
	  	 Column I

	 1
	 	09310016000368	  	 MPS
 multimedia

processing
 operation

support
 system
	  	 April 10,

2009
	  	 April 10,
 2009
~
 December 31,

2009
	  	 April 2009
 ~
June 2009
	  	 June 2009 ~

August 2009
	  	 August
 2009 ~

October
 2009
	  	 October 2009
 ~
November
 2009
	  	 November

2009 ~
 December

2009

										
	 2
	 	10310016000088	  	 Tudou.com’s

COMS
 Operation

Management
 Support System
	  	 January 10,

2010
	  	 January 10, 2010 ~
 June
31,
 2010
	  	 January
 2010 ~

February
 2010
	  	 February 2010 ~ April

2010
	  	 April 2010

~ May 2010
	  	 May 2010 ~
 June
2010
	  	 June 2010 ~
 end of
June
 2010

  
 8 

  

													
	 	  	Column J	  	Column K	  	 Column L
	  	Column M	  	Column N	 	Column O
	 1
	  	TWENTY-THREE
 MILLION YUAN

ONLY
	  	SEVEN
 MILLION

YUAN, payable

by the end of July

2009
	  	 EIGHT MILLION YUAN, payable by the end

of October 2009;

SIX MILLION YUAN, payable after
 acceptance at the end of December 2009
	  	63587770	  	6# Gate, 1305
South Suzhou
Road,
Shanghai	 	June, 10, 2009
							
	 2
	  	TWENTY-SIX
MILLION YUAN ONLY
	  	EIGHT MILLION
 YUAN, payable

by the end of

February 2010
	  	 NINE MILLION YUAN, payable by the end of

April 2010;

NINE MILLION YUAN, payable after acceptance at the end of June 2010
	  	51702355	  	Building 6#,
1238 Xietu
Road,
Shanghai	 	February 4,
 2010

  
 9English Translation of Equity Interest Pledge Agreement

  
 Exhibit 10.19

 English Translation 
 Wei Wang 
 and 

Zhiqi Wang 
 and

 Reshuffle Technology (Shanghai) Co., Ltd. 
 Equity Interest Pledge Agreement 
 in respect of 

Quan Toodou Network Science and Technology Co., Ltd. 
 February 26, 2010 

  
 1 

  
 EQUITY INTEREST
PLEDGE AGREEMENT 
 THIS EQUITY INTEREST PLEDGE AGREEMENT (hereinafter, this “Agreement”) is made and entered into in Shanghai,
the People’s Republic of China (hereinafter, the “PRC”) as of February 26, 2010 by and among the following parties: 
  

	(1)	Wei Wang 

 Identity Card No.:
350102197305080452 
  

	(2)	Zhiqi Wang 

 Identity Card No.:
110108197501052225 
 (Wei Wang and Zhiqi Wang, hereinafter individually and collectively the “Pledgors”.) 

 

	(3)	Reshuffle Technology (Shanghai) Co., Ltd. (hereinafter, the “Pledgee”) 

 Registered Address: Room 22301-1007, Building 14, Pudong Software Park, No. 498 Guoshoujing Road, Zhangjiang High-tech Park, Shanghai, 
 Legal Representative: Wei Wang 
 (In this Agreement, the aforesaid parties are hereinafter
referred to individually as a “Party” and collectively as the “Parties”.) 
 WHEREAS: 

(1) The Pledgors are the registered shareholders of Quan Toodou Network Science and Technology Co., Ltd. (with its registered address at Room 105,
Building D, No. 2500 Longdong Avenue, Zhangjiang High-tech Park, Shanghai and its legal representative being Xiaoyun Zhang, hereinafter referred to as the “Company”), legally holding 100% equity interest in the Company (hereinafter,
the “Company Equity”), and their contributions amount in the registered capital of the Company and their shareholding percentages as of the date hereof are set out in Annex 1 hereto. 

(2) Pursuant to the Loan Agreement dated April 30, 2008 between the Pledgee and the Pledgors (hereinafter, the “Loan Agreement”), the
Pledgee has provided a loan in Renminbi to the Pledgors. 
 Pursuant to the Loan Agreement dated November 18, 2008 between the Pledgee and
the Pledgors (hereinafter, the “Loan Agreement”), the Pledgee has provided a loan in Renminbi to the Pledgors. 
 Pursuant to the Loan
Agreement dated October 28, 2009 between the Pledgee and the Pledgors (hereinafter, the “Loan Agreement”), the Pledgee has provided a loan in Renminbi to the Pledgors. 
 (3) Pursuant to the Amended Exclusive Call Option Agreement dated April 11, 2007 among the Pledgee, the Pledgors and the Company (hereinafter, the “Call Option Agreement”), the Pledgors
shall, to the extent permitted by the PRC Law, and upon the request of the Pledgee, transfer all or part of the equity interests held by them in the Company to the Pledgee and/or any other entity or individual designated by the Pledgee. 

  
 2 

  
 (4) As a guarantee for the performance
of the Contractual Obligations (as defined below) and the repayment of the Guaranteed Liabilities (as defined below) by the Pledgors and the Company, the Pledgors agree to pledge to the Pledgee all of the equity interests held by them in the
Company, and to grant to the Pledgee a right of priority in the pledge. 
 NOW, THEREFORE, the Parties, after friendly negotiations, hereby
agree below: 
 Article 1 Definitions 
 1.1 Unless otherwise required by the context, the following terms herein shall have the following meanings: 
 “Contractual Obligations” means all contractual obligations of the Pledgors under the Loan Agreement, Proxy Agreement, Call Option Agreement and this Agreement, and all contractual obligations
of the Company under the Call Option Agreement and Proxy Agreement. 
 “Guaranteed Liabilities” means all direct, indirect, derivative
losses and foreseeable loss of profits suffered by the Pledgee as a result of any Event of Default of the Pledgors and/or the Company, the amount of which shall be determined by the Pledgee at its absolute sole discretion, which shall be binding on
the Pledgors; as well as all fees incurred in the enforcement of performance of the Contractual Obligations of the Pledgors and/or the Company by the Pledgee. 
 “Transaction Agreements” means the Loan Agreement, Proxy Agreement and Call Option Agreement. 
 “Event of Default” means any breach by the Pledgors of their Contractual Obligations under the Loan Agreement, Proxy Agreement, Call Option Agreement or this Agreement and/or any breach by the
Company of its Contractual Obligations under the Proxy Agreement and Call Option Agreement. 
 “Pledged Property” means all of the
equity interests in the Company lawfully owned by the Pledgors as of the effective date hereof and pledged to the Pledgee pursuant to the provisions hereof as a guarantee for the performance of the Contractual Obligations and the repayment of the
Guaranteed Liabilities, the details of the pledged equity interest of the Pledgors are set out in Annex 1 hereto, as well as the increased contribution and dividends in accordance with Article 2.6 hereof. 

“PRC Law” means the then effective laws, administrative regulations, administrative rules, local regulations, judicial interpretations and
other binding regulatory documents of the People’s Republic of China. 
 “Equity Interest Pledge” has the meaning as ascribed to
it in Article 2.2 hereof. 
 “Rights” has the meaning as ascribed to it in Article 12.7 hereof. 

“Power of Attorney” has the meaning as ascribed to it in Article 12.12 hereof. 

  
 3 

  
 1.2 The references to any PRC Law
herein shall be deemed: 
 (1) to include the references to the amendments, changes, supplements and reenactments of such Law, irrespective of
whether they take effect before or after the date of this Agreement; and 
 (2) to include the references to other decisions, notices or
regulations enacted in accordance therewith or effective as a result thereof. 
 1.3 Except as otherwise stated in the context herein, all
references to an article, clause, item or paragraph shall refer to the relevant part of this Agreement. 
 Article 2 Equity
Interest Pledge 
 2.1 The Pledgors hereby agree to pledge to the Pledgee the Pledged Property which they lawfully own and are entitled to
dispose of pursuant to the provisions hereof as the guarantee for performance of the Contractual Obligations and repayment of the Guaranteed Liabilities. 
 2.2 The Pledgors undertake that they will be responsible for, on the date hereof, the recording of the Equity Interest Pledge arrangement hereunder (hereinafter, the “Equity Interest Pledge”) on
the shareholders register of the Company, and shall make their best efforts to complete the relevant registration procedures with the competent administration for industry and commerce. 
 2.3 Within the valid term of this Agreement, the Pledgee shall not be liable in any way for loss in the value of the Pledge Property, nor shall the Pledgors be entitled to claim in any way or make any
demand on the Pledgee in respect thereof unless such loss is caused by intentional misconduct or directly caused by gross negligence of the Pledgee. 
 2.4 Subject to the provision of Article 2.3 above, in the event of any possible obvious loss in the value of the Pledged Property, which is sufficient to adversely affect the Pledgee’s rights, the
Pledgee may at any time auction or sell off the Pledged Property on behalf of the Pledgors, and use the proceeds from such auction or sale-off as early repayment of the Guaranteed Liabilities upon agreement with the Pledgors, or escrow such proceeds
to the local notary institution where the Pledgee is domiciled (any fees incurred in relation thereto shall be borne by the Pledgors). 
 2.5 In
case of any Event of Default, the Pledgee is entitled to dispose of the Pledged Property as set forth in Article 4 hereof. 
 2.6 Only upon
prior consent by the Pledgee shall the Pledgors be able to receive dividends from the Pledged Property. The dividends received by the Pledgors from the Pledged Property shall be deposited into the bank account designated by the Pledgee and subject
to the supervision of the Pledgee, and shall be used as the Pledged Property for discharge of the Guaranteed Liabilities in first priority. 

2.7 The Pledgee is entitled to dispose of any Pledged Property of the Pledgors pursuant to the provisions hereof upon the occurrence of any Event of
Default. 

  
 4 

  
 Article 3 Release of
Equity Interest Pledge 
 Upon full and complete performance of all Contractual Obligations and repayment of all the Guaranteed Liabilities
by the Pledgors and the Company, the Pledgee shall, according to the requirements of the Pledgors, release the Equity Interest Pledge hereunder, and cooperate with the Pledgors in handling the cancellation of the Equity Interest Pledge record in the
shareholders register of the Company. Reasonable fees incurred in the release of the Equity Interest Pledge shall be borne by the Pledgee. 
 Article 4 Disposal of the Pledged Property 
 4.1 The Pledgors and the Pledgee hereby agree
that, in case of any Event of Default, the Pledgee shall be entitled to exercise, upon written notice to the Pledgors, all of its rights and powers arising under default remedies under the PRC Laws and the terms hereof, including but not limited to
repayment in priority with proceeds from auctions or sale-offs of the Pledged Property. The Pledgee shall not be liable for any loss resulting from its reasonable exercise of such rights and powers. 

4.2 The Pledgee is entitled to designate in writing its legal counsel or any other agent to exercise on its behalf any and all rights and powers set out
above, and the Pledgors shall not oppose thereto. 
 4.3 All reasonable fees incurred in the Pledgee’s exercise of any or all of the above
rights and powers shall be borne by the Pledgors. The Pledgee is entitled to deduct such costs as actually incurred from the proceeds acquired in its exercise of such rights and powers. 
 4.4 The proceeds acquired by the Pledgee in its exercise of its rights and powers shall be used in the following order: 
 First, to pay for all costs incurred in connection with the disposal of the Pledged Property and the exercise by the Pledgee of its rights and powers (including remuneration to its legal counsel and
agents); 
 Second, to pay for any taxes payable in connection with the disposal of the Pledged Property; and 

Third, to repay the Guaranteed Liabilities to the Pledgee. 
 If there is any balance after the above payments, the Pledgee shall return the same to the Pledgors or other persons entitled thereto pursuant to relevant laws and regulations, or escrow the same to the
local notary institution where the Pledgee is domiciled (any fees incurred in relation thereto shall be borne by the Pledgors). 
 4.5 The
Pledgee shall be entitled to elect to exercise, simultaneously or otherwise, any of the default remedies it is entitled to; the Pledgee is not obliged to exercise other default remedies before its exercise of the auctions or sale-offs of the Pledged
Property hereunder. 
 Article 5 Fees and Costs 
 All actual costs in connection with the creation of the Equity Interest Pledge hereunder, including (but not limited to) stamp duties, any other taxes, all legal fees, etc., shall be borne by the Parties
respectively. 

  
 5 

  
 Article 6 Continuity
and No Waiver 
 The Equity Interest Pledge hereunder is a continuous guarantee, and shall remain valid until the full performance of the
Contractual Obligations or the full repayment of the Guaranteed Liabilities. No exemption or grace period granted by the Pledgee to the Pledgors concerning any breach by the Pledgors or delay by the Pledgee in its exercise of any of its rights
hereunder, shall affect the rights of the Pledgee to demand at any time hereafter the strict performance of this Agreement by the Pledgors or the rights entitled to the Pledgee arising from subsequent breach by the Pledgors of this Agreement
pursuant to this Agreement and relevant PRC Law. 
 Article 7 Representations and Warranties 

The Pledgors hereby severally and jointly represent and warrant to the Pledgee as follows: 
 7.1 The Pledgors are PRC citizens with full capacity and with full and independent legal status and legal capacity; have obtained appropriate authorization to execute, deliver and perform this Agreement;
and may act independently as a subject of actions. 
 7.2 The Pledgors have full power and authority to execute and deliver this Agreement and
all other documents related to the transaction contemplated hereunder to be executed by the Pledgors, and have full power and authority to consummate the transaction set forth herein. 
 7.3 All reports, documents and information provided by the Pledgors to the Pledgee prior to the effectiveness of this Agreement concerning the Pledgors and all issues required hereunder are true and
accurate in all material aspects as of the effective date hereof. 
 7.4 All reports, documents and information provided by the Pledgors to the
Pledgee after the effective date hereof concerning the Pledgors and all issues required hereunder are true, accurate and valid in all material aspects at the time when provided. 
 7.5 As of the effective date hereof, the Pledgors are the sole legal owners of the Pledged Property and are entitled to dispose of the Pledged Property or any part thereof, and there is no outstanding
dispute concerning the ownership of the Pledged Property. 
 7.6 Except for the encumbrance created on the Pledged Property hereunder, there is
no other encumbrance or third party interest on the Pledged Property. 
 7.7 The Pledged Property can be pledged or transferred in accordance
with law, and the Pledgors have the full right and power to pledge it to the Pledgee pursuant to the provisions hereof. 
 7.8 This Agreement
constitutes the legal, valid and binding obligations of the Pledgors upon due execution by the Pledgors. 

  
 6 

  
 7.9 Any consent, permission, waiver or
authorization by any third person, or any approval, permission, exemption by any government authority, or any registration or filing formalities (if required by laws) with any government authority with respect to the execution and performance hereof
and the Equity Interest Pledge hereunder have already been handled or obtained, and shall be fully valid within the term of this Agreement. 

7.10 The execution and performance by the Pledgors of this Agreement do not violate or conflict with any applicable laws, or any agreement to which they
are a party or which is binding on their assets, any judgment rendered by a court, any arbitration awards issued by an arbitration institution, or any decision made by an administrative authority. 

7.11 The Equity Interest Pledge hereunder constitutes the security interest with first priority on the Pledged Property. 

7.12 All the taxes and fees payable in connection with the obtaining of the Pledged Property have been fully paid by the Pledgors. 

7.13 There is no pending or, to the knowledge of the Pledgors, threatening litigation, legal proceeding or demand in any court or any arbitral tribunal
against the Pledgors, or their property, or the Pledged Property, which shall be of material or detrimental effect on the economic conditions of the Pledgors or their capability to perform the obligations hereunder and the Guaranteed Liabilities;
nor pending or, to the knowledge of the Pledgors, threatening litigation, legal proceeding or demand by any governmental or administrative authority against the Pledgors, or their property, or the Pledged Property, which shall be of material or
detrimental effect on the economic conditions of the Pledgors or their capability to perform the obligations hereunder and the Guaranteed Liabilities. 
 7.14 The Pledgors hereby warrant to the Pledgee that the above representations and warranties shall remain true and accurate at any time and under any circumstance prior to the full performance of the
Contractual Obligations and the full repayment of the Guaranteed Liabilities and shall be fully complied with. 
 Article 8
Undertakings of the Pledgors 
 The Pledgors hereby severally and jointly undertake to the Pledgee as follows: 

8.1 Without the prior written consent by the Pledgee, the Pledgors shall not create or permit the creation of any new pledge or any other encumbrance on
the Pledged Property; pledge or any other encumbrance on the whole or part of the Pledged Property created without the prior written consent by the Pledgee shall be null and void. 
 8.2 Without prior written notice to the Pledgee and the Pledgee’s prior written consent, the Pledgors shall not transfer the Pledged Property, and any attempt by the Pledgors to transfer the Pledged
Property shall be null and void. The proceeds from transfer of the Pledged Property by the Pledgors shall be used for the repayment in advance of the Guaranteed Liabilities or for escrow to a third party agreed to by the Pledgee. 

  
 7 

  
 8.3 In case of any litigation,
arbitration or other demand which may have a detrimental effect on the interest of the Pledgors or the Pledgee under this Agreement or the Pledged Property, the Pledgors undertake to notify the Pledgee in writing in a timely manner and shall take,
according to the reasonable requirements of the Pledgee, all necessary measures to ensure the pledge interest of the Pledgee in the Pledged Property. 
 8.4 The Pledgors shall not conduct or permit any act or action which may have a detrimental effect on the interest of the Pledgee under this Agreement or the Pledged Property. 

8.5 The Pledgors guarantee that they shall, according to the reasonable requirements of the Pledgee, take all necessary measures and execute all
necessary documents (including but not limited to supplementary agreement hereto) so as to ensure the pledge interest of the Pledgee in the Pledged Property and the exercise and realization of such rights. 

8.6 In the event of any transfer of any Pledged Property resulting from the exercise of the right to the pledge hereunder, the Pledgors guarantee that
they shall take all necessary measures for the realization of such transfer. 
 Article 9 Change of Circumstances

 As supplement to and not in conflict with the other terms hereof, if at any time, any PRC Law is promulgated or changed, or the
interpretation or application of such laws is changed, or the relevant registration procedures are changed, thereby rendering the Pledgee to believe that the continuous effectiveness of this Agreement and/or disposal of the Pledged Property in the
way provided herein shall be illegal or in conflict with such laws, the Pledgors shall, upon the written direction of the Pledgee and pursuant to its reasonable request, promptly take any action and/or execute any agreement or other document, so as
to: 
 (1) ensure the effectiveness of this Agreement; 
 (2) facilitate the disposal of the Pledged Property in the manner provided herein; and/or 
 (3)
maintain or realize the purpose hereof or the guarantee established in accordance herewith. 
 Article 10 Effectiveness and
Term of This Agreement 
 10.1 This Agreement shall become effective upon the satisfaction of all of the following conditions: 

(1) this Agreement is duly executed by each of the Parties; and 
 (2) the Equity Interest Pledge hereunder has been lawfully recorded in the shareholders register of the Company. 
 The Pledgors shall provide the Pledgee with the registration certificate of the Equity Interest Pledge in the aforementioned shareholders register in the form satisfactory to the Pledgee. 

10.2 This Agreement shall remain valid until the full performance of the Contractual Obligations or the full discharge of the Guaranteed Liabilities.

  
 8 

  
 Article 11 Notices

 11.1 Any notice, request, demand and other correspondence required by or made in accordance with this Agreement shall be in writing and
delivered to the relevant Party. 
 11.2 The above notice or other correspondence shall be deemed to have been delivered upon delivery when it
is transmitted by facsimile or telex; or upon handover to the receiver when it is delivered in person; or on the fifth (5) day after posting when it is delivered by mail. 
 Article 12 Miscellaneous 
 12.1 The Pledgee may, upon notice to the Pledgors, and without
consent from the Pledgors, assign the Pledgee’s rights and/or obligations hereunder to any third party; however, the Pledgors may not, without the Pledgee’s prior written consent, assign their rights, obligations or liabilities hereunder
to any third party. Successors or permitted assigns (if any) of the Pledgors shall continue to perform the obligations of the Pledgors hereunder. 
 12.2 This Agreement is made in Chinese in three (3) originals, with each Party retaining one original, and additional originals (if necessary) may be executed accordingly for the purpose of
registration or filing. 
 12.3 The execution, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be
governed by the PRC Law. 
 12.4 Any dispute arising hereunder and in connection herewith shall be settled through consultations between the
Parties, and if no agreement regarding such dispute can be reached by the Parties within thirty (30) days upon its occurrence, such dispute shall be submitted to the Shanghai Sub-commission of China International Economic and Trade Arbitration
Commission for arbitration in Shanghai in accordance with the arbitration rules thereof, and the arbitration award shall be final and binding on the Parties. 
 12.5 Any rights, powers and remedies granted to any Party by any provision herein shall not preclude any other rights, powers and remedies available to such Party in accordance with laws and other
provisions hereunder, and the exercise of its rights, powers and remedies by a Party shall not preclude its exercise of any other rights, powers and remedies available to it. 
 12.6 No failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with law (hereinafter the “Rights”) shall be construed as a waiver of
such Rights, and the waiver of any single or partial exercise of the Rights shall not preclude its exercise of such Rights in any other way and other Rights. 
 12.7 The headings of the Articles herein are for reference only, and in no circumstances shall such headings be used in or affect the interpretation of the provisions hereof. 

12.8 Each provision contained herein shall be severable and separate from other provisions, and if at any time one or more provisions herein become
invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions herein shall not be affected as a result thereof. 

  
 9 

  
 12.9 Any amendments or supplements to
this Agreement shall be in writing. Except for assignment by the Pledgee of its rights hereunder pursuant to Article 12.1, the amendments hereof or supplements hereto shall take effect only upon due execution by the Parties hereto. 

12.10 Subject to Article 12.1 above, this Agreement shall be binding on the legal successors of the Parties. 

12.11 At the even date with the date hereof, the Pledgors shall sign a power of attorney (as set out in Annex 2 hereto, hereinafter the “Power of
Attorney”) to authorize any person designated by the Pledgee to sign on its behalf any and all necessary legal documents for the exercise by the Pledgee of its rights hereunder pursuant to this Agreement. Such Power of Attorney shall be kept by
the Pledgee and, when necessary, the Pledgee may at any time submit the Power of Attorney to the relevant government authorities. 
 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 10 

  
 (SIGNATURE PAGE)

 IN WITNESS WHEREOF, the Parties have caused this Equity Interest Pledge Agreement to be executed as of the date and at the place first
above written. 
 Wei Wang 
 Signature:
/s/ Wei Wang 
 Zhiqi Wang 

Signature: /s/ Zhiqi Wang 
 Reshuffle
Technology (Shanghai) Co., Ltd. (corporate seal) 
 [seal: Reshuffle Technology (Shanghai) Co., Ltd.] 

  
 11 

  
 Annex 1: 

Basic Information of the Company 
 Company name: Quan Toodou Network Science and Technology Co., Ltd. 
 Registered address: Room 105,
Building D, No.2500 Longdong Avenue, Zhangjiang High-tech Park, Shanghai 
 Registered capital: RMB50 million 

Legal representative: Xiaoyun Zhang 
 Equity
structure: 
  

									
	 Shareholder name
	  	Contribution to
registered capital	  	Percentage of
contribution	 	 	Method of
contribution
	 Wei Wang
	  	RMB47.5 million	  	 	95	% 	 	Money
	 Zhiqi Wang
	  	RMB2.5 million	  	 	5	% 	 	Money
	 Total
	  	RMB50 million	  	 	100	% 	 	/

  
 12 

  
 Annex 2: 

Format of the Power of Attorney 
 I,     , hereby irrevocably entrust             , with his/her identity card number
            , to be my authorized agent to sign on my behalf all the legal documents necessary or desirable for Reshuffle Technology (Shanghai) Co., Ltd. to exercise its rights under
the Equity Interest Pledge Agreement in respect of Quan Toodou Network Science and Technology Co., Ltd. between it and me. 
  

	
	Signature:
	
	Date:

  
 13

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