Document:

EX-4.9

 Exhibit 4.9 

 
  

Restated Loan Agreement 
  

 
 Between

 Beijing Cheerbright Technologies Co., Ltd. 
 and 
 Qin Zhi 

June 7, 2011 

 TABLE OF CONTENTS 

 

							
	 Articles
	 	 	  	Pages	 
	 1.
	 	DEFINITIONS AND INTERPRETATIONS	  	 	4	  
			
	 2.
	 	LOANS	  	 	4	  
			
	 3.
	 	CONDITIONS PRECEDENT	  	 	6	  
			
	 4.
	 	REPRESENTATIONS AND WARRANTIES	  	 	7	  
			
	 5.
	 	UNDERTAKINGS	  	 	8	  
			
	 6.
	 	DEFAULT	  	 	11	  
			
	 7.
	 	CONFIDENTIALITY	  	 	11	  
			
	 8.
	 	DISPUTE RESOLUTION	  	 	12	  
			
	 9.
	 	INDEMNITY	  	 	12	  
			
	 10.
	 	MISCELLANEOUS	  	 	12	  

  
  

					
	Restated Loan Agreement	 	- 2 -	 	

 THIS RESTATED LOAN AGREEMENT (Agreement) is entered into on June 7th, 2011 in Beijing,
People’s Republic of China (PRC) 
 by and between 

 

	(1)	Beijing Cheerbright Technologies Co., Ltd. (

), a wholly foreign owned enterprise duly incorporated and validly existing under the law of the PRC, with its registered address at 1102, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China
(Party A); 

 and 
  

	(2)	Qin Zhi, a PRC citizen, holder of identification card number ***, whose residential address is at Room 452, Unit 4, Building 31, Yuetan South Street, Xicheng
District, Beijing, China (Party B). 

 Recitals 

 

	A.	Party B established PRC domestically funded limited company named Beijing Autohome Information Technology Co., Ltd. 

	  	(

, Company) in Beijing, PRC, jointly with certain other shareholders (i.e. Li Xiang and Fan Zheng), and holds 8% of the equity interest of the Company (Equity Interests); 

 

	B.	Party A, Party B and certain other parties entered into a loan agreement (Original Agreement) on November 12, 2009, pursuant to which Party A has provided a
loan in the amount of RMB 198,400 to Party B for the purpose of increasing Party B’s contribution to the registered capital of the Company; 

  

	C.	Party A, Party B and certain other parties to the Original Agreement entered into a supplementary agreement to the Original Agreement (Supplementary Agreement)
as of the date hereof, pursuant to which, the parties therein agree that Party A and Party B will sign this Agreement to restate the Original Agreement. Party A and Party B further acknowledge that this Agreement does not substantially change the
Original Agreement, and the provisions of this Agreement reflect the intention of the parties when they executed the Original agreement; and 

  

	D.	Apart from the loan of RMB 198,400 mentioned in Recital B, Party A and Party B acknowledge that an additional loan in the amount of RMB 521,600 was extended by Party A
to Party B via a third party designated by Party A on the 12th of November, 2009 for the purpose of increasing Party B’s contribution to the registered capital of the Company (collectively, Loans). Therefore the total amount of the Loans
that Party A has extended to Party B is RMB 720,000. Party A and Party B further acknowledge that the terms and conditions of the loan of RMB 521,600 are substantially same as those of this Agreement. 

  
  

					
	Restated Loan Agreement	 	- 3 -	 	

 NOW, THEREFORE, the parties agree as follows: 

1. DEFINITIONS AND INTERPRETATIONS 
  

	1.1	Definitions. Unless otherwise provided in this Agreement, the following terms shall have the meanings set forth below: 

 

			
	Designated Party	  	means a third party as designated by Party A;
		
	Event of Default	  	means an event as described in Article 2.3;
		
	Equity Option Agreement	  	means the Restated Equity Option Agreement to be entered into by and among Party A, Party B and the Company dated on the 18th of March,2011;
		
	Equity Pledge Agreement	  	means the Restated Equity Interest Pledge Agreement to be entered into by and between Party A, Party B dated on the 18th of March, 2011;
		
	Power of Attorney	  	means an irrevocable Power of Attorney issued by Party B conferring all his rights as a shareholder of the Company to Party A or the Designated Party dated on the 18th of
March,2011; and
		
	Repayment Notice	  	means a written notice from Party A to Party B for purposes of the repayment of the Loans.

  

	1.2	Interpretations. All headings used are for reference purposes only and do not affect the meaning or interpretation of any provision. Any reference to an Article
is to an article of this Agreement. The use of the plural shall include the use of the singular, and vice versa. Unless otherwise indicated, a reference to a day, month or year is to a calendar day, month or year. The use of the masculine shall
include the use of the feminine, and vice versa. 

 2. LOANS 

 

	2.1	Amount. Party A has provided to Party B, and Party B has received from Party A, the Loans. The Loans shall be interest free. 

 

	2.2	Term. The term of the Loans shall continue indefinitely until such time as Party B receives a Repayment Notice and fully repays the Loans, or an Event of Default
occurs unless Party A has sent a notice indicating otherwise within 15 calendar days after it is aware of such event. 

  

	2.3	Event of Default. For purposes of this Agreement, an Event of Default is deemed to have occurred if any of the following were to apply to Party B:

  
  

					
	Restated Loan Agreement	 	- 4 -	 	

	 	2.3.1	a proceeding is commenced against him under any applicable bankruptcy, insolvency, reorganization, court mediation, or other similar law; 

 

	 	2.3.2	he makes or attempts to make any fraudulent use or any unauthorized transfer of the Loans or the Equity Interests; 

 

	 	2.3.3	he dies or his capacity to perform civil acts is lost or limited; 

  

	 	2.3.4	he is charged with a criminal offense; 

  

	 	2.3.5	any third party institutes a court action against him claiming over RMB 5,000; 

 

	 	2.3.6	Party B breaches any of its covenants or other obligations under this Agreement, and such breach has not been remedied within 15 calendar days after receiving Party
A’s written notice requiring remedy; 

  

	 	2.3.7	the representations and warranties made by Party B prove to be false or misleading in any material respect; 

 

	 	2.3.8	any indebtedness, guarantee or other obligation of Party B, whether pursuant to a contract or otherwise, (i) is accelerated as a result of a default thereunder and
is required to be repaid or performed prior to the scheduled date; or (ii) has become due and is not repaid or performed as scheduled and thereby causes Party A to regard Party B’s capacity to perform the obligations specified herein as
having been adversely affected; 

  

	 	2.3.9	Party B is incapable of repaying his debts as they become due; 

  

	 	2.3.10	the Agreement is illegal as a result of any applicable laws or Party B is restricted from continuing to perform its obligations as specified herein;

  

	 	2.3.11	any approval, permits, licenses or authorization from any applicable governmental entity (and registration or filing procedure) required for the Company to provide
value added telecommunications services in respect of its information services business via the Internet in the PRC are withdrawn, suspended, invalidated or materially amended; 

 

	 	2.3.12	any approval, permits, licenses or authorization from any applicable government authority required to perform this Agreement or make this Agreement enforceable, legal
and valid are withdrawn, suspended, invalidated or materially amended; 

  

	 	2.3.13	any property owned by Party B is altered or damaged and thereby causes Party A to deem that the capability of Party B to perform the obligations stated herein have been
adversely affected; or 

  
  

					
	Restated Loan Agreement	 	- 5 -	 	

	 	2.3.14	Party B defaults under either of the Equity Pledge Agreement or the Equity Option Agreement. 

 

	2.4	Repayment Date. Unless otherwise agreed by Party A in writing, the Loans borrowed by Party B, any portion of the Loans and any other payment in arrears, if
applicable, under this Agreement shall become due and payable five Business Days after Party A gives written notice to Party B demanding repayment in accordance with Article 6.1 (Repayment Date) 

Without Party A’s express prior written consent, the Loans shall not be repaid and shall continue indefinitely until the Repayment
Date. 
  

	2.5	Form of Repayment. Unless agreed by the parties in writing, the Loans may only be repaid in the form specified in Article 6. 

 

	2.6	Purpose of Loans. Party B has accepted the Loans provided by Party A and hereby agrees and covenants that the Loans shall be used only to contribute to the
registered capital of the Company. Without Party A’s prior written consent, Party B shall not use the Loans for any other purpose, or sell, assign, transfer, pledge or otherwise dispose of any legal rights or benefits in connection with, or
create any security interest over, the Equity Interest to any third party. 

  

	2.7	Financial Support. To ensure that the cash flow requirements of the Company’s ordinary operations are met and/or to set off any loss accrued during such
operations, Party A is obligated, only to the extent permissible under PRC law, to provide financing support for the Company, whether or not Party B actually incurs any such operational loss. Party A’s financing support for Party B may take the
form of bank entrusted loans or borrowings. Contracts for any such entrusted loans or borrowings shall be executed separately. Party A will not request repayment if Party B is unable to do so. 

3. CONDITIONS PRECEDENT 
 Drawdown of the Loans by Party B shall, unless specifically waived by Party A in writing, be conditional upon the fulfillment of all of the following conditions precedent: 

 

	3.1	Representations and Warranties. All the representations and warranties provided by Party B in Article 4.2 are true, complete and correct, and shall remain
true, complete and correct on the date of such drawdown, as if they are provided on such date. 

  

	3.2	No Breach. Party B shall not have breached any of his undertakings provided in Article 5, and no event which may affect the performance of Party B’s
obligations hereunder shall have occurred or be likely to occur. 

  
  

					
	Restated Loan Agreement	 	- 6 -	 	

 4. REPRESENTATIONS AND WARRANTIES 

 

	4.1	Party A’s Representations and Warranties. Party A represents and warrants as follows: 

 

	 	4.1.1	it is a company incorporated and validly existing under the laws of PRC; 

  

	 	4.1.2	it has the power to enter into and perform this Agreement, and its execution and performance of this Agreement is in compliance with the business scope of Party A and
the provisions of its articles of association or other constituent documents; 

  

	 	4.1.3	the execution and performance of this Agreement by it will not result in a breach of any laws, regulations, authorizations, or agreement to which it is subject; and

  

	 	4.1.4	this Agreement shall constitute its legal, valid, and binding obligations, and is to be enforceable against it. 

 

	4.2	Party B’s Representations and Warranties. Party B represents and warrants as follows: 

 

	 	4.2.1	he has and shall maintain the full power and authority to enter into this Agreement and to perform his obligations hereunder; 

 

	 	4.2.2	the execution and performance of this Agreement by himself will not result in a breach of any laws, regulations, authorizations, or agreement to which he is subject;

  

	 	4.2.3	this Agreement shall constitute his legal, valid, and binding obligations, and is to be enforceable against himself; 

 

	 	4.2.4	there are no civil, criminal or administrative, claims, actions, suits, investigations or proceedings pending or threatened against him which, based on his knowledge,
would materially and adversely affect this Agreement and the performance thereof; 

  

	 	4.2.5	there is no provision of any agreement, enforceable judgment or order of any court binding on him or affecting his property, which would in any way prevent or
materially adversely affect his execution or performance of this Agreement; 

  

	 	4.2.6	the execution and performance of this Agreement and the realization of Party A’s rights hereunder will not violate any mortgage right, contract, judgment, decree
or law that is binding upon him or his assets; 

  
  

					
	Restated Loan Agreement	 	- 7 -	 	

	 	4.2.7	with the exception of the Equity Pledge Agreement, the Equity Option Agreement and the Power of Attorney, he has not: (a) created any pledge, charge or any other
security over any of the Equity Interests; (b) offered to transfer any of the Equity Interests to any third party; (c) issued an undertaking to any third party regarding any offer to purchase any of the Equity Interests; or
(d) entered into any agreement to transfer any of the Equity Interests to any third party; and 

  

	 	4.2.8	no dispute, action, arbitration, administrative procedure or other legal proceeding (potential or actual) regarding himself and/or any of the Equity Interests in
existence or pending. 

 5. UNDERTAKINGS 

 

	5.1	Party B’s Undertakings relating to the Company. Party B undertakes to vote his total interest in the Company and to take all other necessary actions to
ensure that the Company: 

  

	 	5.1.1	will obtain or complete all the necessary governmental approvals, authorizations, licenses, registrations and filing procedures to own its assets and to engage in the
businesses specified in the operational scope of its business license; 

  

	 	5.1.2	will not supplement, change, or modify in any way its articles of association or other constituent documents, increase or reduce its registered capital, or alter its
shareholding structure without the prior written consent of Party A; 

  

	 	5.1.3	will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any asset, business or legal or beneficial interest, or permit the creation
of any other security interest over the same without the prior written consent of Party A; 

  

	 	5.1.4	will not incur, inherit, warrant or permit the existence of any Loans without the prior written consent of Party A; 

 

	 	5.1.5	will not enter into any contracts or extend any loan or credit to any party or provide any guarantee or assume any obligation of any party without the prior written
consent of Party A; 

  

	 	5.1.6	will provide all information relating to its operations and financial affairs to Party A upon the request of Party A; 

 

	 	5.1.7	will not merge, consolidate with any third party, or acquire or invest in any third party, without the prior written consent of Party A; 

  
  

					
	Restated Loan Agreement	 	- 8 -	 	

	 	5.1.8	will notify Party A immediately should any legal action, arbitration or administrative procedure relating to its assets, operations or income arises or is likely to
arise; 

  

	 	5.1.9	will execute all necessary or appropriate agreements, take all necessary or appropriate actions and make all necessary or appropriate defenses for the purpose of
maintaining all rights and proprietary interests in respect of its assets; 

  

	 	5.1.10	will not pay dividends or distributions of any kind to its shareholders without the prior written consent of Party A; 

 

	 	5.1.11	will strictly observe all of the provisions under this Agreement, the Equity Pledge Agreement, the Equity Option Agreement and the Power of Attorney and shall not cause
any act or omission to take place which may impair the validity and enforceability of those documents; and 

  

	 	5.1.12	will promptly notify Party A in writing of the occurrence of any event which may materially affect its assets, obligations, rights or operations.

  

	5.2	Undertakings of Party B. Party B further undertakes as follows: 

  

	 	5.2.1	he will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any of the Equity Interests, or permit the creation of any other security
interest in the Company without the prior written consent of Party A; 

  

	 	5.2.2	he will ensure that the shareholders’ meeting of the Company shall not approve any sale, transfer, pledge or other disposal of the Equity Interests, or permit the
creation of any other security interest over the same without the prior written consent of Party A; 

  

	 	5.2.3	he will ensure that the shareholders’ meeting of the Company shall decide on any matter only with the prior written instruction of Party A;

  

	 	5.2.4	he will notify Party A immediately if and when any legal action, arbitration, or administrative procedure relating to the Equity Interests arises or is likely to arise;

  

	 	5.2.5	he will enter into all necessary or appropriate agreements, take all necessary or appropriate actions, file all necessary or appropriate and make all necessary or
appropriate defenses for the purpose of maintaining ownership of the Equity Interests at the instruction of Party A; 

  
  

					
	Restated Loan Agreement	 	- 9 -	 	

	 	5.2.6	he will not cause any actions and/or omissions which may materially and adversely affect the assets, operations or liability of the Company without the prior written
consent of Party A; 

  

	 	5.2.7	he will, upon the request of Party A, appoint any person nominated by Party A as a director of the Company; 

 

	 	5.2.8	in the event that the Party A or the Designated Party purchases the Equity Interests pursuant to the Equity Option Agreement, he shall apply the proceeds therefrom to
repay the Loans to Party A; 

  

	 	5.2.9	he will promptly notify Party A in writing of the occurrence of any event which may materially affect his assets, obligations, rights or operations;

  

	 	5.2.10	he shall issue the Power of Attorney simultaneously when entering into this Agreement; 

 

	 	5.2.11	the Equity Option Agreement shall be validly executed, pursuant to which Party B shall grant Party A or the Designated Party with an exclusive option to purchase the
Equity Interests, to the extent permitted under PRC law; 

  

	 	5.2.12	the Equity Pledge Agreement, the Equity Option Agreement, and the Power of Attorney shall be in full effect and free of default, and all relevant filing or
registrations procedures, approvals, and governmental proceedings shall have been obtained or completed; 

  

	 	5.2.13	he will strictly observe all the provisions and perform all of his obligations under this Agreement, the Equity Pledge Agreement and the Equity Option Agreement,
causing no actions nor failing to take any actions that may impair the validity or enforceability of this Agreement, the Equity Pledge Agreement or the Equity Option Agreement; 

 

	 	5.2.14	he shall maintain as strictly confidential the existence and provisions of this Agreement, as well as any correspondence, resolutions, ancillary agreements and any
other documentation associated herewith; and 

  

	 	5.2.15	he will not be entitled to any dividend or profit distribution of the Company and will not request or receive any of the same without the prior written consent of Party
A. If such dividends or other distributions are distributed to him from the Company, he will immediately and unconditionally pay or transfer to Party A any such dividends or other distributions in whatsoever form obtained from the Company as a
shareholder of the Company at the time such payables arise, after having deducted and paid any and all relevant taxes and expenses applicable as a result of his receipt of such dividends or other distributions. 

  
  

					
	Restated Loan Agreement	 	- 10 -	 	

 6. ENFORCEMENT 

 

	6.1	Repayment of Loans.  

  

	 	6.1.1	Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loans or any portion of the Loans, Party
A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loans or any portion of the Loans and any other payment in arrears under this Agreement. 

 

	 	6.1.2	Party B shall repay the Loans by transferring the Equity Interest to Party A or the Designated Party, as directed by Party A, by signing and delivering an agreement for
the transfer of the Equity Interest satisfactory to the Party A from the form to the substance. 

  

	 	6.1.3	If Party B fails to comply with its repayment obligations under this Agreement, late payment interest shall be assessed at the rate of 0.3% per day upon the
outstanding amount of the Loans and shall be payable from the Repayment Date until the date on which the total amount of the overdue loan, overdue interest and other monies payable to Party A are fully settled. 

 

	6.2	Notification. Party B shall immediately notify Party A in writing of the occurrence of any event set forth in Article 2.3 or any circumstance which may lead to
the occurrence of any such event as soon as Party B knows or is aware of such event or circumstance. 

 7.
CONFIDENTIALITY 
  

	7.1	Confidentiality Obligations. The parties shall protect and maintain the confidentiality of all information relating to or arisen from this Agreement, or made
available under this Agreement to a party or any associate thereof (Confidential Information). Without the prior written consent of the other party, no party shall disclose any Confidential Information to any third party unless the disclosure
is required by law or by enforceable orders of the court or related government departments. Under such circumstances, the party required to disclose the Confidential Information shall notify the other party immediately, take all possible measures to
minimize the disclosure, and notify the persons to whom information is being disclosed of the confidentiality obligation. Notwithstanding anything to the contrary above, Party A shall have the full right to disclose any Confidential Information to
its shareholders, affiliates or professional advisors. 

  
  

					
	Restated Loan Agreement	 	- 11 -	 	

	7.2	Obligations upon Termination. Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database,
equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information
belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement. 

 

	7.3	No Time Limit. There is no time limit to the confidentiality obligations stipulated in this Article, which obligations will survive the termination of this
Agreement unless the Confidential Information is disclosed to the public for reasons not due to the breach of this Agreement by any party. 

 8. DISPUTE RESOLUTION 
  

	8.1	Governing Law. This Agreement shall be governed by the laws of the PRC. 

 

	8.2	Consultation and Mediation. If any dispute arises in connection with this Agreement, the parties shall attempt in the first instance to resolve such dispute
through friendly consultation or mediation. 

  

	8.3	Arbitration. Any dispute, controversy or claim arising out of or in connection with this Agreement shall be submitted to the China International Economic and
Trade Arbitration Commission (CIETAC) for arbitration, which shall be conducted in accordance with the CIETAC’s rules in effect at the time of applying for arbitration. The place of arbitration shall be Beijing. The language of
the arbitration shall be English. The tribunal shall consist of 3 arbitrators. The arbitral award is final and binding upon the parties. The cost of arbitration shall be allocated as determined by the arbitrators. 

9. INDEMNITY 

Party A agrees to indemnify and hold harmless Party B for any damages, fines or penalties solely incurred in his capacity as a shareholder or any other
positions (including, without limitation, those of legal representative and director) directly as a result of the establishment of the Company and the operation of the Company’s business in contravention of PRC law; provided, however, that in
no instance will Party A provide such indemnification if Party B has engaged in fraud or willful misconduct or has breached or is in breach of this Agreement. 
 10. MISCELLANEOUS 
  

	10.1	 Notices. All notices or other communications sent by either party shall be written in English or Chinese, and delivered in person, by mail or
telecopy, to the other party at the following addresses. The date at which the communication shall be deemed to be duly given or made shall be confirmed as follows: (a) for notices delivered in person, the date of delivery shall be deemed as
having been duly given or made; (b) for notices delivered by mail, the 10th day of the delivery date of air certified mail with postage prepaid (as shown on stamp) or the 4th day of the delivery date to an internationally certified delivery institution shall be deemed as having been duly
given or made; and (c) for notices by telecopy, the receipt date showed on the delivery confirming paper of the relevant document shall be deemed as having been duly given or made. 

  
  

					
	Restated Loan Agreement	 	- 12 -	 	

							
	 Party A
	  	 	:	  	  	Beijing Cheerbright Technologies Co., Ltd.
	 Address
	  	 	:	  	  	1102, Tower B, No. 3, Danling Street, Haidian
		  				  	District, Beijing 100080, China
	 Tel
	  	 	:	  	  	 *** 

	 Attn
	  	 	:	  	  	Li Xiang
			
	 Party B
	  				  	Qin Zhi
	 Address
	  	 	:	  	  	Room 452, Unit 4, Building 31, Yuetan South
		  				  	Street, Xicheng District, Beijing, China
			
	 Tel
	  	 	:	  	  	***
	 Attn
	  	 	:	  	  	Qin Zhi

  

	10.2	Entire Agreement. This Agreement, the Exclusive Technical Consulting and Services Agreement, the Equity Pledge Agreement, the Equity Option Agreement, and the
Power of Attorney (either previous or restated) shall constitute the entire agreement among the parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements related thereto (including
without limitation, the Original Agreement). In the event of any discrepancy between this Agreement and Original Agreement, this Agreement shall prevail to the extent of the discrepant provisions. 

 

	10.3	Amendment. Without the prior written consent of Party A, Party B shall not amend this Agreement. If required by law, the parties shall obtain all requisite
approvals from the relevant authorities to give effect to the amendment. 

  

	10.4	No Waiver. Unless otherwise agreed upon by the parties in writing, any failure or delay on the part of either party to exercise any right, authority or privilege
under this Agreement, or under any other agreement relating hereto, shall not operate as a waiver thereof; nor shall any single or partial exercise of any right, authority or privilege preclude any other future exercise thereof.

  

	10.5	Severability. The provisions of this agreement are severable from each other. The invalidity of any provision of this agreement shall not affect the validity or
enforceability of any other provision of this agreement. 

  

	10.6	Successors. This Agreement shall be valid and binding on the parties, their successors and permitted assigns. 

  
  

					
	Restated Loan Agreement	 	- 13 -	 	

	10.7	Assignment. Party A may transfer or assign any or all of its rights and obligations under this Agreement to any of its designated parties (natural person or
legal entity) at any time. In such circumstances, the transferee or assignee shall enjoy and undertake the same rights and obligations herein of Party A as if the transferee or assignee is Party A hereunder. When Party A transfers or assigns the
rights and obligations under this Agreement, at the request of Party A, Party B shall execute the relevant agreements and/or documents with respect to such transfer or assignment. Party B shall not assign any of its rights or obligations hereunder
without the prior written consent of the Party A. 

  

	10.8	Effectiveness: This Agreement shall be effective upon its signing by all the parties or their respective authorized representative and shall be deemed terminated
as of the date when the Loans has been repaid in full. 

  

	10.9	Language and Counterparts. This Agreement is prepared in 2 sets of originals in English. Each party shall hold 1 set. 

[The space below has been intentionally left blank.] 

  
  

					
	Restated Loan Agreement	 	- 14 -	 	

 IN WITNESS WHEREOF, each of the parties hereto has duly executed or has caused this Agreement to be
duly executed in its name and on its behalf by the officer or representative duly authorized, on the day and year first above written. 

Party A: Beijing Cheerbright Technologies Co., Ltd. 
 (

) 
  

			
	By:	 	/s/ Legal Representative
	Name:	 	
	Title:	 	Legal Representative
	Company Seal:
	
	Party B: Qin Zhi
		
	By:	 	/s/ Qin Zhi
	Name:	 	Qin Zhi

  
  

					
	Restated Loan AgreementEX-4.10

 Exhibit 4.10 

 
  

Restated Loan Agreement 
  

 
 Between

 Beijing Cheerbright Technologies Co., Ltd. 
 and 
 Fan Zheng 

June 7, 2011 

 TABLE OF CONTENTS 

 

							
	 Articles
	  	Pages	 
	 1.
	 	DEFINITIONS AND INTERPRETATIONS	  	 	4	  
			
	 2.
	 	LOANS	  	 	4	  
			
	 3.
	 	CONDITIONS PRECEDENT	  	 	6	  
			
	 4.
	 	REPRESENTATIONS AND WARRANTIES	  	 	7	  
			
	 5.
	 	UNDERTAKINGS	  	 	8	  
			
	 6.
	 	DEFAULT	  	 	11	  
			
	 7.
	 	CONFIDENTIALITY	  	 	11	  
			
	 8.
	 	DISPUTE RESOLUTION	  	 	12	  
			
	 9.
	 	INDEMNITY	  	 	12	  
			
	 10.
	 	MISCELLANEOUS	  	 	12	  

  
  

					
	Restated Loan Agreement	 	- 2 -	 	

 THIS RESTATED LOAN AGREEMENT (Agreement) is entered into on June 7th, 2011 in Beijing,
People’s Republic of China (PRC) 
 by and between 

 

	(1)	Beijing Cheerbright Technologies Co., Ltd. (

), a wholly foreign owned enterprise duly incorporated and validly existing under the law of the PRC, with its registered address at 1102, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080,
China (Party A); 

 and 
  

	(2)	Fan Zheng, a PRC citizen, holder of identification card number ***, whose residential address is at Room 302, Unit 2, Building 2, No. 336, Xinshi North
Road, Qiaoxi District, Shijiazhuang, Hebei Province, China (Party B). 

 Recitals 

 

	A.	Party B established PRC domestically funded limited company named Beijing Autohome Information Technology Co., Ltd. 

	 	(

), Company) in Beijing, PRC, jointly with certain other shareholders (i.e. Li Xiang and Qin Zhi), and holds 24% of the equity interest of the Company (Equity Interests); 

 

	B.	Party A, Party B and certain other parties entered into a loan agreement (Original Agreement) on November 12, 2009, pursuant to which Party A has provided a
loan in the amount of RMB 595,200 to Party B for the purpose of increasing Party B’s contribution to the registered capital of the Company; 

  

	C.	Party A, Party B and certain other parties to the Original Agreement entered into a supplementary agreement to the Original Agreement (Supplementary Agreement)
as of the date hereof, pursuant to which, the parties therein agree that Party A and Party B will sign this Agreement to restate the Original Agreement. Party A and Party B further acknowledge that this Agreement does not substantially change the
Original Agreement, and the provisions of this Agreement reflect the intention of the parties when they executed the Original agreement; and 

  

	D.	Apart from the loan of RMB 595,200 mentioned in Recital B, Party A and Party B acknowledge that an additional loan in the amount of RMB 1,564,800 was extended by Party
A to Party B via a third party designated by Party A on the 12th of November, 2009 for the purpose of increasing Party B’s contribution to the registered capital of the Company (collectively, Loans). Therefore the total amount of the
Loans that Party A has extended to Party B is RMB 2,160,000. Party A and Party B further acknowledge that the terms and conditions of the loan of RMB 1,564,800 are substantially same as those of this Agreement. 

  
  

					
	Restated Loan Agreement	 	- 3 -	 	

 NOW, THEREFORE, the parties agree as follows: 

1. DEFINITIONS AND INTERPRETATIONS 
  

	1.1	Definitions. Unless otherwise provided in this Agreement, the following terms shall have the meanings set forth below: 

 

			
	 Designated Party
	  	means a third party as designated by Party A;
		
	 Event of Default
	  	means an event as described in Article 2.3;
		
	 Equity Option Agreement
	  	means the Restated Equity Option Agreement to be entered into by and among Party A, Party B and the Company dated on the 18th of March,2011;
		
	 Equity Pledge Agreement
	  	means the Restated Equity Interest Pledge Agreement to be entered into by and between Party A, Party B dated on the 18th of March,2011;
		
	 Power of Attorney
	  	means an irrevocable Power of Attorney issued by Party B conferring all his rights as a shareholder of the Company to Party A or the Designated Party dated on the 18th of
March,2011; and
		
	 Repayment Notice
	  	means a written notice from Party A to Party B for purposes of the repayment of the Loans.

  

	1.2	Interpretations. All headings used are for reference purposes only and do not affect the meaning or interpretation of any provision. Any reference to an Article
is to an article of this Agreement. The use of the plural shall include the use of the singular, and vice versa. Unless otherwise indicated, a reference to a day, month or year is to a calendar day, month or year. The use of the masculine shall
include the use of the feminine, and vice versa. 

 2. LOANS 

 

	2.1	Amount. Party A has provided to Party B, and Party B has received from Party A, the Loans. The Loans shall be interest free. 

 

	2.2	Term. The term of the Loans shall continue indefinitely until such time as Party B receives a Repayment Notice and fully repays the Loans, or an Event of Default
occurs unless Party A has sent a notice indicating otherwise within 15 calendar days after it is aware of such event. 

  

	2.3	Event of Default. For purposes of this Agreement, an Event of Default is deemed to have occurred if any of the following were to apply to Party B:

  
  

					
	Restated Loan Agreement	 	- 4 -	 	

	 	2.3.1	a proceeding is commenced against him under any applicable bankruptcy, insolvency, reorganization, court mediation, or other similar law; 

 

	 	2.3.2	he makes or attempts to make any fraudulent use or any unauthorized transfer of the Loans or the Equity Interests; 

 

	 	2.3.3	he dies or his capacity to perform civil acts is lost or limited; 

  

	 	2.3.4	he is charged with a criminal offense; 

  

	 	2.3.5	any third party institutes a court action against him claiming over RMB 5,000; 

 

	 	2.3.6	Party B breaches any of its covenants or other obligations under this Agreement, and such breach has not been remedied within 15 calendar days after receiving Party
A’s written notice requiring remedy; 

  

	 	2.3.7	the representations and warranties made by Party B prove to be false or misleading in any material respect; 

 

	 	2.3.8	any indebtedness, guarantee or other obligation of Party B, whether pursuant to a contract or otherwise, (i) is accelerated as a result of a default thereunder and
is required to be repaid or performed prior to the scheduled date; or (ii) has become due and is not repaid or performed as scheduled and thereby causes Party A to regard Party B’s capacity to perform the obligations specified herein as
having been adversely affected; 

  

	 	2.3.9	Party B is incapable of repaying his debts as they become due; 

  

	 	2.3.10	the Agreement is illegal as a result of any applicable laws or Party B is restricted from continuing to perform its obligations as specified herein;

  

	 	2.3.11	any approval, permits, licenses or authorization from any applicable governmental entity (and registration or filing procedure) required for the Company to provide
value added telecommunications services in respect of its information services business via the Internet in the PRC are withdrawn, suspended, invalidated or materially amended; 

 

	 	2.3.12	any approval, permits, licenses or authorization from any applicable government authority required to perform this Agreement or make this Agreement enforceable, legal
and valid are withdrawn, suspended, invalidated or materially amended; 

  

	 	2.3.13	any property owned by Party B is altered or damaged and thereby causes Party A to deem that the capability of Party B to perform the obligations stated herein have been
adversely affected; or 

  
  

					
	Restated Loan Agreement	 	- 5 -	 	

	 	2.3.14	Party B defaults under either of the Equity Pledge Agreement or the Equity Option Agreement. 

 

	2.4	Repayment Date. Unless otherwise agreed by Party A in writing, the Loans borrowed by Party B, any portion of the Loans and any other payment in arrears, if
applicable, under this Agreement shall become due and payable five Business Days after Party A gives written notice to Party B demanding repayment in accordance with Article 6.1 (Repayment Date) 

Without Party A’s express prior written consent, the Loans shall not be repaid and shall continue indefinitely until the Repayment
Date. 
  

	2.5	Form of Repayment. Unless agreed by the parties in writing, the Loans may only be repaid in the form specified in Article 6. 

 

	2.6	Purpose of Loans. Party B has accepted the Loans provided by Party A and hereby agrees and covenants that the Loans shall be used only to contribute to the
registered capital of the Company. Without Party A’s prior written consent, Party B shall not use the Loans for any other purpose, or sell, assign, transfer, pledge or otherwise dispose of any legal rights or benefits in connection with, or
create any security interest over, the Equity Interest to any third party. 

  

	2.7	Financial Support. To ensure that the cash flow requirements of the Company’s ordinary operations are met and/or to set off any loss accrued during such
operations, Party A is obligated, only to the extent permissible under PRC law, to provide financing support for the Company, whether or not Party B actually incurs any such operational loss. Party A’s financing support for Party B may take the
form of bank entrusted loans or borrowings. Contracts for any such entrusted loans or borrowings shall be executed separately. Party A will not request repayment if Party B is unable to do so. 

3. CONDITIONS PRECEDENT 
 Drawdown of the Loans by Party B shall, unless specifically waived by Party A in writing, be conditional upon the fulfillment of all of the following conditions precedent: 

 

	3.1	Representations and Warranties. All the representations and warranties provided by Party B in Article 4.2 are true, complete and correct, and shall remain
true, complete and correct on the date of such drawdown, as if they are provided on such date. 

  

	3.2	No Breach. Party B shall not have breached any of his undertakings provided in Article 5, and no event which may affect the performance of Party B’s
obligations hereunder shall have occurred or be likely to occur. 

  
  

					
	Restated Loan Agreement	 	- 6 -	 	

 4. REPRESENTATIONS AND WARRANTIES 

 

	4.1	Party A’s Representations and Warranties. Party A represents and warrants as follows: 

 

	 	4.1.1	it is a company incorporated and validly existing under the laws of PRC; 

  

	 	4.1.2	it has the power to enter into and perform this Agreement, and its execution and performance of this Agreement is in compliance with the business scope of Party A and
the provisions of its articles of association or other constituent documents; 

  

	 	4.1.3	the execution and performance of this Agreement by it will not result in a breach of any laws, regulations, authorizations, or agreement to which it is subject; and

  

	 	4.1.4	this Agreement shall constitute its legal, valid, and binding obligations, and is to be enforceable against it. 

 

	4.2	Party B’s Representations and Warranties. Party B represents and warrants as follows: 

 

	 	4.2.1	he has and shall maintain the full power and authority to enter into this Agreement and to perform his obligations hereunder; 

 

	 	4.2.2	the execution and performance of this Agreement by himself will not result in a breach of any laws, regulations, authorizations, or agreement to which he is subject;

  

	 	4.2.3	this Agreement shall constitute his legal, valid, and binding obligations, and is to be enforceable against himself; 

 

	 	4.2.4	there are no civil, criminal or administrative, claims, actions, suits, investigations or proceedings pending or threatened against him which, based on his knowledge,
would materially and adversely affect this Agreement and the performance thereof; 

  

	 	4.2.5	there is no provision of any agreement, enforceable judgment or order of any court binding on him or affecting his property, which would in any way prevent or
materially adversely affect his execution or performance of this Agreement; 

  

	 	4.2.6	the execution and performance of this Agreement and the realization of Party A’s rights hereunder will not violate any mortgage right, contract, judgment, decree
or law that is binding upon him or his assets; 

  
  

					
	Restated Loan Agreement	 	- 7 -	 	

	 	4.2.7	with the exception of the Equity Pledge Agreement, the Equity Option Agreement and the Power of Attorney, he has not: (a) created any pledge, charge or any other
security over any of the Equity Interests; (b) offered to transfer any of the Equity Interests to any third party; (c) issued an undertaking to any third party regarding any offer to purchase any of the Equity Interests; or
(d) entered into any agreement to transfer any of the Equity Interests to any third party; and 

  

	 	4.2.8	no dispute, action, arbitration, administrative procedure or other legal proceeding (potential or actual) regarding himself and/or any of the Equity Interests in
existence or pending. 

 5. UNDERTAKINGS 

 

	5.1	Party B’s Undertakings relating to the Company. Party B undertakes to vote his total interest in the Company and to take all other necessary actions to
ensure that the Company: 

  

	 	5.1.1	will obtain or complete all the necessary governmental approvals, authorizations, licenses, registrations and filing procedures to own its assets and to engage in the
businesses specified in the operational scope of its business license; 

  

	 	5.1.2	will not supplement, change, or modify in any way its articles of association or other constituent documents, increase or reduce its registered capital, or alter its
shareholding structure without the prior written consent of Party A; 

  

	 	5.1.3	will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any asset, business or legal or beneficial interest, or permit the creation
of any other security interest over the same without the prior written consent of Party A; 

  

	 	5.1.4	will not incur, inherit, warrant or permit the existence of any Loans without the prior written consent of Party A; 

 

	 	5.1.5	will not enter into any contracts or extend any loan or credit to any party or provide any guarantee or assume any obligation of any party without the prior written
consent of Party A; 

  

	 	5.1.6	will provide all information relating to its operations and financial affairs to Party A upon the request of Party A; 

 

	 	5.1.7	will not merge, consolidate with any third party, or acquire or invest in any third party, without the prior written consent of Party A; 

 

	 	5.1.8	will notify Party A immediately should any legal action, arbitration or administrative procedure relating to its assets, operations or income arises or is likely to
arise; 

  
  

					
	Restated Loan Agreement	 	- 8 -	 	

	 	5.1.9	will execute all necessary or appropriate agreements, take all necessary or appropriate actions and make all necessary or appropriate defenses for the purpose of
maintaining all rights and proprietary interests in respect of its assets; 

  

	 	5.1.10	will not pay dividends or distributions of any kind to its shareholders without the prior written consent of Party A; 

 

	 	5.1.11	will strictly observe all of the provisions under this Agreement, the Equity Pledge Agreement, the Equity Option Agreement and the Power of Attorney and shall not cause
any act or omission to take place which may impair the validity and enforceability of those documents; and 

  

	 	5.1.12	will promptly notify Party A in writing of the occurrence of any event which may materially affect its assets, obligations, rights or operations.

  

	5.2	Undertakings of Party B. Party B further undertakes as follows: 

  

	 	5.2.1	he will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any of the Equity Interests, or permit the creation of any other security
interest in the Company without the prior written consent of Party A; 

  

	 	5.2.2	he will ensure that the shareholders’ meeting of the Company shall not approve any sale, transfer, pledge or other disposal of the Equity Interests, or permit the
creation of any other security interest over the same without the prior written consent of Party A; 

  

	 	5.2.3	he will ensure that the shareholders’ meeting of the Company shall decide on any matter only with the prior written instruction of Party A;

  

	 	5.2.4	he will notify Party A immediately if and when any legal action, arbitration, or administrative procedure relating to the Equity Interests arises or is likely to arise;

  

	 	5.2.5	he will enter into all necessary or appropriate agreements, take all necessary or appropriate actions, file all necessary or appropriate and make all necessary or
appropriate defenses for the purpose of maintaining ownership of the Equity Interests at the instruction of Party A; 

  

	 	5.2.6	he will not cause any actions and/or omissions which may materially and adversely affect the assets, operations or liability of the Company without the prior written
consent of Party A; 

  
  

					
	Restated Loan Agreement	 	- 9 -	 	

	 	5.2.7	he will, upon the request of Party A, appoint any person nominated by Party A as a director of the Company; 

 

	 	5.2.8	in the event that the Party A or the Designated Party purchases the Equity Interests pursuant to the Equity Option Agreement, he shall apply the proceeds therefrom to
repay the Loans to Party A; 

  

	 	5.2.9	he will promptly notify Party A in writing of the occurrence of any event which may materially affect his assets, obligations, rights or operations;

  

	 	5.2.10	he shall issue the Power of Attorney simultaneously when entering into this Agreement; 

 

	 	5.2.11	the Equity Option Agreement shall be validly executed, pursuant to which Party B shall grant Party A or the Designated Party with an exclusive option to purchase the
Equity Interests, to the extent permitted under PRC law; 

  

	 	5.2.12	the Equity Pledge Agreement, the Equity Option Agreement, and the Power of Attorney shall be in full effect and free of default, and all relevant filing or
registrations procedures, approvals, and governmental proceedings shall have been obtained or completed; 

  

	 	5.2.13	he will strictly observe all the provisions and perform all of his obligations under this Agreement, the Equity Pledge Agreement and the Equity Option Agreement,
causing no actions nor failing to take any actions that may impair the validity or enforceability of this Agreement, the Equity Pledge Agreement or the Equity Option Agreement; 

 

	 	5.2.14	he shall maintain as strictly confidential the existence and provisions of this Agreement, as well as any correspondence, resolutions, ancillary agreements and any
other documentation associated herewith; and 

  

	 	5.2.15	he will not be entitled to any dividend or profit distribution of the Company and will not request or receive any of the same without the prior written consent of Party
A. If such dividends or other distributions are distributed to him from the Company, he will immediately and unconditionally pay or transfer to Party A any such dividends or other distributions in whatsoever form obtained from the Company as a
shareholder of the Company at the time such payables arise, after having deducted and paid any and all relevant taxes and expenses applicable as a result of his receipt of such dividends or other distributions. 

  
  

					
	Restated Loan Agreement	 	- 10 -	 	

 6. ENFORCEMENT 

 

	6.1	Repayment of Loans.  

  

	 	6.1.1	Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loans or any portion of the Loans, Party
A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loans or any portion of the Loans and any other payment in arrears under this Agreement. 

 

	 	6.1.2	Party B shall repay the Loans by transferring the Equity Interest to Party A or the Designated Party, as directed by Party A, by signing and delivering an agreement for
the transfer of the Equity Interest satisfactory to the Party A from the form to the substance. 

  

	 	6.1.3	If Party B fails to comply with its repayment obligations under this Agreement, late payment interest shall be assessed at the rate of 0.3% per day upon the
outstanding amount of the Loans and shall be payable from the Repayment Date until the date on which the total amount of the overdue loan, overdue interest and other monies payable to Party A are fully settled. 

 

	6.2	Notification. Party B shall immediately notify Party A in writing of the occurrence of any event set forth in Article 2.3 or any circumstance which may lead to
the occurrence of any such event as soon as Party B knows or is aware of such event or circumstance. 

 7.
CONFIDENTIALITY 
  

	7.1	Confidentiality Obligations. The parties shall protect and maintain the confidentiality of all information relating to or arisen from this Agreement, or made
available under this Agreement to a party or any associate thereof (Confidential Information). Without the prior written consent of the other party, no party shall disclose any Confidential Information to any third party unless the disclosure
is required by law or by enforceable orders of the court or related government departments. Under such circumstances, the party required to disclose the Confidential Information shall notify the other party immediately, take all possible measures to
minimize the disclosure, and notify the persons to whom information is being disclosed of the confidentiality obligation. Notwithstanding anything to the contrary above, Party A shall have the full right to disclose any Confidential Information to
its shareholders, affiliates or professional advisors. 

  

	7.2	Obligations upon Termination. Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database,
equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information
belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement. 

  
  

					
	Restated Loan Agreement	 	- 11 -	 	

	7.3	No Time Limit. There is no time limit to the confidentiality obligations stipulated in this Article, which obligations will survive the termination of this
Agreement unless the Confidential Information is disclosed to the public for reasons not due to the breach of this Agreement by any party. 

 8. DISPUTE RESOLUTION 
  

	8.1	Governing Law. This Agreement shall be governed by the laws of the PRC. 

 

	8.2	Consultation and Mediation. If any dispute arises in connection with this Agreement, the parties shall attempt in the first instance to resolve such dispute
through friendly consultation or mediation. 

  

	8.3	Arbitration. Any dispute, controversy or claim arising out of or in connection with this Agreement shall be submitted to the China International Economic and
Trade Arbitration Commission (CIETAC) for arbitration, which shall be conducted in accordance with the CIETAC’s rules in effect at the time of applying for arbitration. The place of arbitration shall be Beijing. The language of
the arbitration shall be English. The tribunal shall consist of 3 arbitrators. The arbitral award is final and binding upon the parties. The cost of arbitration shall be allocated as determined by the arbitrators. 

9. INDEMNITY 

Party A agrees to indemnify and hold harmless Party B for any damages, fines or penalties solely incurred in his capacity as a shareholder or any other
positions (including, without limitation, those of legal representative and director) directly as a result of the establishment of the Company and the operation of the Company’s business in contravention of PRC law; provided, however, that in
no instance will Party A provide such indemnification if Party B has engaged in fraud or willful misconduct or has breached or is in breach of this Agreement. 
 10. MISCELLANEOUS 
  

	10.1	 Notices. All notices or other communications sent by either party shall be written in English or Chinese, and delivered in person, by mail or
telecopy, to the other party at the following addresses. The date at which the communication shall be deemed to be duly given or made shall be confirmed as follows: (a) for notices delivered in person, the date of delivery shall be deemed as
having been duly given or made; (b) for notices delivered by mail, the 10th day of the delivery date of air certified mail with postage prepaid (as shown on stamp) or the 4th day of the delivery date to an internationally certified delivery institution shall be deemed as having been duly
given or made; and (c) for notices by telecopy, the receipt date showed on the delivery confirming paper of the relevant document shall be deemed as having been duly given or made. 

  
  

					
	Restated Loan Agreement	 	- 12 -	 	

					
	 Party A
	  	:	  	Beijing Cheerbright Technologies Co., Ltd.
	 Address
	  	:	  	 1102, Tower B, No. 3, Danling Street, Haidian
 District, Beijing 100080, China

	 Tel
	  	:	  	 *** 

	 Attn
	  	:	  	Li Xiang
			
	 Party B
	  		  	Fan Zheng
	 Address
	  	:	  	 Room 302, Unit 2, Building 2, No. 336, Xinshi
 North Road, Qiaoxi District, Shijiazhuang,
 Hebei Province, China

			
	 Tel
	  	:	  	 ***

	 Attn
	  	:	  	Fan Zheng

  

	10.2	Entire Agreement. This Agreement, the Exclusive Technical Consulting and Services Agreement, the Equity Pledge Agreement, the Equity Option Agreement, and the
Power of Attorney (either previous or restated) shall constitute the entire agreement among the parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements related thereto (including
without limitation, the Original Agreement). In the event of any discrepancy between this Agreement and Original Agreement, this Agreement shall prevail to the extent of the discrepant provisions. 

 

	10.3	Amendment. Without the prior written consent of Party A, Party B shall not amend this Agreement. If required by law, the parties shall obtain all requisite
approvals from the relevant authorities to give effect to the amendment. 

  

	10.4	No Waiver. Unless otherwise agreed upon by the parties in writing, any failure or delay on the part of either party to exercise any right, authority or privilege
under this Agreement, or under any other agreement relating hereto, shall not operate as a waiver thereof; nor shall any single or partial exercise of any right, authority or privilege preclude any other future exercise thereof.

  

	10.5	Severability. The provisions of this agreement are severable from each other. The invalidity of any provision of this agreement shall not affect the validity or
enforceability of any other provision of this agreement. 

  

	10.6	Successors. This Agreement shall be valid and binding on the parties, their successors and permitted assigns. 

 

	10.7	Assignment. Party A may transfer or assign any or all of its rights and obligations under this Agreement to any of its designated parties (natural person or
legal entity) at any time. In such circumstances, the transferee or assignee shall enjoy and undertake the same rights and obligations herein of Party A as if the transferee or assignee is Party A hereunder. When Party A transfers or assigns the
rights and obligations under this Agreement, at the request of Party A, Party B shall execute the relevant agreements and/or documents with respect to such transfer or assignment. Party B shall not assign any of its rights or obligations hereunder
without the prior written consent of the Party A. 

  
  

					
	Restated Loan Agreement	 	- 13 -	 	

	10.8	Effectiveness: This Agreement shall be effective upon its signing by all the parties or their respective authorized representative and shall be deemed terminated
as of the date when the Loans has been repaid in full. 

  

	10.9	Language and Counterparts. This Agreement is prepared in 2 sets of originals in English. Each party shall hold 1 set. 

[The space below has been intentionally left blank.] 

  
  

					
	Restated Loan Agreement	 	- 14 -	 	

 IN WITNESS WHEREOF, each of the parties hereto has duly executed or has caused this Agreement to be
duly executed in its name and on its behalf by the officer or representative duly authorized, on the day and year first above written. 
  

			
	Party A: Beijing Cheerbright Technologies Co., Ltd. (

)
		
	 By:
	 	/s/ Legal Representative
	 Name:
	 	
	 Title: Legal Representative

	 Company Seal:

	
	Party B: Fan Zheng
		
	 By:
	 	/s/ Fan Zheng
	 Name:
	 	Fan Zheng

  
  

					
	Restated Loan Agreement

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