Document:

Form of Employment Agreement

 Exhibit 10.6 
 FORM OF EMPLOYMENT AGREEMENT* 
 This EMPLOYMENT AGREEMENT (the
“Agreement”) is entered into as of                     , 20     by and between Renren Inc., an
exempted company incorporated and existing under the laws of the Cayman Islands (the “Company”) and                     , an
individual (the “Executive”). 
 RECITALS 
 WHEREAS, the Company desires to employ the Executive and to assure itself of the services of the Executive during the term of Employment (as defined below) and under the terms and conditions of the
Agreement; 
 WHEREAS, the Executive desires to be employed by the Company during the term of Employment and under the terms and conditions of
the Agreement; 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, the Company and the Executive agree as follows: 

 

	1.	EMPLOYMENT 

 The Company
hereby agrees to employ the Executive and the Executive hereby accepts such employment, on the terms and conditions hereinafter set forth (the “Employment”). 

 

	2.	TERM 

 Subject to the
terms and conditions of the Agreement, the initial term of the Employment shall be              years, commencing on
                    ,              (the “Effective Date”)
and ending on                     ,              (the
“Initial Term”), unless terminated earlier pursuant to the terms of the Agreement. Upon expiration of the Initial Term of the Employment, the Employment shall be automatically extended for successive periods of
             months each (each, an “Extension Period”) unless either party shall have given 60 days advance written notice to the other party, in the manner set
forth in Section 19 below, prior to the end of the Extension Period in question, that the term of this Agreement that is in effect at the time such written notice is given is not to be extended or further extended, as the case may be (the
period during which this Agreement is effective being referred to hereafter as the “Term”). 
  

	3.	POSITION AND DUTIES 

  

	 	(a)	During the Term, the Executive shall serve as
                     of the Company or in such other position or positions with a level of duties and responsibilities consistent with the
foregoing with the Company and/or its subsidiaries and affiliates as the Board of Directors of the Company (the “Board”) may specify from time to time and shall have the duties, responsibilities and obligations customarily assigned
to individuals serving in the position or positions in which the Executive serves hereunder and as assigned by the Board, or if authorized by the Board, by the Company’s Chief Executive Officer. 

 

	 	(b)	The Executive agrees to serve without additional compensation, if elected or appointed thereto, as a director of the Company or any subsidiaries or affiliated entity of
the Company (collectively, the “Group”) and as a member of any committees of the board of directors of any such entity, provided that the Executive is indemnified for serving in any and all such capacities on a basis no less
favorable than is currently provided to any other director of any member of the Group. 

  

	*	All of the Company executive officers use this form employment agreement. For the material differences in the executed employment agreements from this form employment
agreement, please see “Schedule of Material Differences” attached hereto. 

	 	(c)	The Executive agrees to devote all of his or her working time and efforts to the performance of his/her duties for the Company and to faithfully and diligently serve
the Company in accordance with the Agreement and the guidelines, policies and procedures of the Company approved from time to time by the Board. 

  

	4.	NO BREACH OF CONTRACT 

The Executive hereby represents to the Company that: (i) the execution and delivery of the Agreement by the Executive and the
performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which the Executive is a party or by which the Executive is otherwise
bound, except that the Executive does not make any representation with respect to agreements required to be entered into by and between the Executive and any member of the Group pursuant to the applicable law of the jurisdiction in which the
Executive is based, if any; (ii) that the Executive is not in possession of any information (including, without limitation, confidential information and trade secrets) the knowledge of which would prevent the Executive from freely entering into
the Agreement and carrying out his/her duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement with any person or entity other than any member of the Group. 

 

	5.	LOCATION 

 The Executive
will be based in                     , China or any other location as requested by the Company during the Term. 

 

	6.	COMPENSATION AND BENEFITS 

  

	 	(a)	Cash Compensation. As compensation for the performance by the Executive of his or her obligations hereunder, during the Term, the Company shall pay the Executive
cash compensation (inclusive of the statutory benefit contributions that the Company is required to set aside for the Executive under applicable law) pursuant to Schedule A hereto, subject to annual review and adjustment by the Board or any
committee designated by the Board. 

  

	 	(b)	Equity Incentives. During the Term, the Executive shall be eligible to participate, at a level comparable to similarly situated executives of the Company, in
such long-term compensation arrangements as may be authorized from time to time by the Board, including any share incentive plan the Company may adopt from time to time in its sole discretion. 

 

	 	(c)	Benefits. During the Term, the Executive shall be entitled to participate in all of the employee benefit plans and arrangements made available by the Company to
its similarly situated executives, including, but not limited to, any retirement plan, medical insurance plan and travel/holiday policy, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and
arrangements. 

  
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	7.	TERMINATION OF THE AGREEMENT 

 The Employment may be terminated as follows: 
  

	 	(a)	Death. The Employment shall terminate upon his/her death. 

  

	 	(b)	Disability. The Employment shall terminate if the Executive has a disability, including any physical or mental impairment which, as reasonably determined by the
Board, renders the Executive unable to perform the essential functions of his/her position at the Company, even with reasonable accommodation that does not impose an undue burden on the Company, for more than 180 days in any 12-month period, unless
a longer period is required by applicable law, in which case that longer period shall apply. 

  

	 	(c)	Cause. The Company may terminate the Executive’s employment hereunder for Cause. The occurrence of any of the following, as reasonably determined by the
Company, shall be a reason for Cause, provided that, if the Company determines that the circumstances constituting Cause are curable, then such circumstances shall not constitute Cause unless and until the Executive has been informed by the Company
of the existence of Cause and given an opportunity of ten business days to cure, and such Cause remains uncured at the end of such ten-day period: 

  

	 	(1)	continued failure by the Executive to satisfactorily perform his duties; 

  

	 	(2)	willful misconduct or gross negligence by the Executive in the performance of his duties hereunder, including insubordination; 

 

	 	(3)	the Executive’s conviction or entry of a guilty or nolo contendere plea of any felony or any misdemeanor involving moral turpitude;

  

	 	(4)	the Executive’s commission of any act involving dishonesty that results in material financial, reputational or other harm, monetary or otherwise, to any member of
the Group, including but not limited to an act constituting misappropriation or embezzlement of the property of any member of the Group as determined in good faith by the Board; or 

 

	 	(5)	any material breach by the Executive of this Agreement. 

  

	 	(d)	Good Reason. The Executive may terminate his employment hereunder for “Good Reason” upon the occurrence, without the written consent of the Executive,
of an event constituting a material breach of this Agreement by the Company that has not been fully cured within ten business days after written notice thereof has been given by the Executive to the Company setting forth in sufficient detail the
conduct or activities the Executive believes constitute grounds for Good Reason, including but not limited to: 

  

	 	(1)	the assignment to the Executive of any duties materially inconsistent with the Executive’s status as a senior officer of the Company or a substantial adverse
alteration in the nature or status of the Executive’s responsibilities; and 

  
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	 	(2)	the failure by the Company to pay to the Executive any portion of the Executive’s current compensation or to pay to the Executive any portion of an installment of
deferred compensation under any deferred compensation program of the Company, within twenty business days of the date such compensation is due. 

  

	 	(e)	Without Cause by the Company; Without Good Reason by the Executive. The Company may terminate the Executive’s employment hereunder at any time without Cause
upon 60-day prior written notice to the Executive. The Executive may terminate the Executive’s employment voluntarily for any reason or no reason at any time by giving one-month prior written notice to the Company. 

 

	 	(f)	Notice of Termination. Any termination of the Executive’s employment under the Agreement shall be communicated by written notice of termination
(“Notice of Termination”) from the terminating party to the other party. The notice of termination shall indicate the specific provision(s) of the Agreement relied upon in effecting the termination. 

 

	 	(g)	Date of Termination. The “Date of Termination” shall mean (i) if the Executive’s employment is terminated by the Executive’s
death, the date of his death, (ii) if the Executive’s employment is terminated by the Executive’s disability, by the Company for Cause or by the Executive without Good Reason, the date specified in the Notice of Termination and
(iii) if the Executive’s employment is terminated without cause or by the Executive for Good Reason, the date on which a Notice of Termination is given or any later date (within sixty (60) days) set forth in such Notice of
Termination. 

  

	 	(h)	Compensation upon Termination. 

  

	 	(1)	Death. If the Executive’s employment is terminated by reason of the Executive’s death, the Company shall have no further obligations to the Executive
under this Agreement and the Executive’s benefits shall be determined under the Company’s retirement, insurance and other benefit and compensation plans or programs then in effect in accordance with the terms of such plans and programs.

  

	 	(2)	By Company without Cause or by the Executive for Good Reason. If the Executive’s employment is terminated by the Company other than for Cause or by the
Executive for Good Reason, the Company shall (i) continue to pay and otherwise provide to the Executive, during any notice period, all compensation, base salary and previously earned but unpaid incentive compensation, if any, and shall continue
to allow the Executive to participate in any benefit plans in accordance with the terms of such plans during such notice period; and (ii) pay to the Executive, in lieu of benefits under any severance plan or policy of the Company, an amount
equal to the sum of the Executive’s 12 months’ base salary as in effect as of the Date of Termination. 

  

	 	(3)	By Company for Cause or by the Executive other than for Good Reason. If the Executive’s employment shall be terminated by the Company for Cause or by the
Executive other than for Good Reason, the Company shall pay the Executive his base salary at the rate in effect at the time Notice of Termination is given through the Date of Termination, and the Company shall have no additional obligations to the
Executive under this Agreement. 

  
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	 	(4)	Compensation Upon any Termination. Following any termination of the Executive’s employment, the Company shall pay the Executive all amounts, if any, to
which the Executive is entitled as of the Date of Termination under any compensation plan or benefit plan or program of the Company, at the time such payments are due in accordance with the terms of such plans or programs. 

 

	 	(i)	Return of Company Property. The Executive agrees that following the termination of the Executive’s employment for any reason, or at any time prior to the
Executive’s termination upon the request of the Company, he/she shall return all property of the Group, which is then in or thereafter comes into his/her possession, including, but not limited to, any Confidential Information (as defined below)
or Intellectual Property (as defined below), or any other documents, contracts, agreements, plans, photographs, projections, books, notes, records, electronically stored data and all copies, excerpts or summaries of the foregoing, as well as any
automobile or other materials or equipment supplied by the Group to the Executive, if any. 

  

	 	(j)	Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits shall (1) cease as of the date the
Executive breaches any of the provisions of Sections 8, 9 and 11 hereof, and (2) be conditioned on the Executive signing the Company’s customary release of claims in favor of the Group and the expiration of any revocation period provided
for in such release. 

  

	8.	CONFIDENTIALITY AND NONDISCLOSURE 

  

	 	(a)	Confidentiality and Non-Disclosure. 

  

	 	(1)	The Executive acknowledges and agrees that: (A) the Executive holds a position of trust and confidence with the Company and that his employment by the Company will
require that the Executive have access to and knowledge of valuable and sensitive information, material, and devices relating to the Company and/or its business, activities, products, services, customers and vendors, including, but not limited to,
the following, regardless of the form in which the same is accessed, maintained or stored: the identity of the Company’s actual and prospective customers and, as applicable, their representatives; prior, current or future research or
development activities of the Company; the products and services provided or offered by the Company to customers or potential customers and the manner in which such services are performed or to be performed; the product and/or service needs of
actual or prospective customers; pricing and cost information; information concerning the development, engineering, design, specifications, acquisition or disposition of products and/or services of the Company; user base personal data, programs,
software and source codes, licensing information, personnel information, advertising client information, vendor information, marketing plans and techniques, forecasts, and other trade secrets (“Confidential Information”); and (B) the
direct and indirect disclosure of any such Confidential Information would place the Company at a competitive disadvantage and would do damage, monetary or otherwise, to the Company’s business. 

  
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	 	(2)	During the Term and at all times thereafter, the Executive shall not, directly or indirectly, whether individually, as a director, stockholder, owner, partner,
employee, consultant, principal or agent of any business, or in any other capacity, publish or make known, disclose, furnish, reproduce, make available, or utilize any of the Confidential Information without the prior express written approval of the
Company, other than in the proper performance of the duties contemplated herein, unless and until such Confidential Information is or shall become general public knowledge through no fault of the Executive. 

 

	 	(3)	In the event that the Executive is required by law to disclose any Confidential Information, the Executive agrees to give the Company prompt advance written notice
thereof and to provide the Company with reasonable assistance in obtaining an order to protect the Confidential Information from public disclosure. 

  

	 	(4)	The failure to mark any Confidential Information as confidential shall not affect its status as Confidential Information under this Agreement. 

 

	 	(c)	Third Party Information in the Executive’s Possession. The Executive agrees that he shall not, during the Term, (i) improperly use or disclose any
proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of
Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it
harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of litigation, arising out of or in connection with any violation of the foregoing. 

 

	 	(d)	Third Party Information in the Company’s Possession. The Executive recognizes that the Company may have received, and in the future may receive, from third
parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the
Company and such third parties, during the Term and thereafter, a duty to hold all such confidential or proprietary information in strict confidence and not to disclose such information to any person or firm, or otherwise use such information, in a
manner inconsistent with the limited purposes permitted by the Company’s agreement with such third party. 

This Section 8 shall survive the termination of the Agreement for any reason. In the event the Executive breaches this
Section 8, the Company shall have right to seek remedies permissible under applicable law. 

  
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	9.	INTELLECTUAL PROPERTY 

  

	 	(a)	Prior Inventions. The Executive has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements, designs and discoveries,
whether or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging to the Executive (whether made solely by the Executive or jointly with others) that (i) were
developed by Executive prior to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Company’ actual or proposed business, products or research and development, and
(iii) are not assigned to the Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. Except to the extent set forth in Schedule B, the Executive hereby acknowledges that, if
in the course of his/her service for the Company, the Executive incorporates into a Company product, process or machine a Prior Invention owned by the Executive or in which he has an interest, the Company is hereby granted and shall have a
nonexclusive, royalty-free, irrevocable, perpetual, worldwide right and license (which may be freely transferred by the Company to any other person or entity) to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior
Invention as part of or in connection with such product, process or machine. 

  

	 	(b)	Assignment of Intellectual Property. The Executive hereby assigns to the Company or its designees, without further consideration and free and clear of any lien
or encumbrance, the Executive’s entire right, title and interest (within the United States and all foreign jurisdictions), to any and all inventions, discoveries, improvements, developments, works of authorship, concepts, ideas, plans,
specifications, software, formulas, databases, designees, processes and contributions to Confidential Information created, conceived, developed or reduced to practice by the Executive (alone or with others) during the Employment Period which
(A) are related to the Company’s current or anticipated business, activities, products, or services, (B) result from any work performed by Executive for the Company, or (iii) are created, conceived, developed or reduced to
practice with the use of Company property, including any and all Intellectual Property Rights (as defined below) therein (“Work Product”). Any Work Product which falls within the definition of “work made for hire”, as such
term is defined in the U.S. Copyright Act, shall be considered a “work made for hire”, the copyright in which vests initially and exclusively in the Company. The Executive waives any rights to be attributed as the author of any Work
Product and any “droit morale” (moral rights) in Work Product. The Executive agrees to immediately disclose to the Company all Work Product. For purposes of this Agreement, “Intellectual Property” shall mean any patent,
copyright, trademark or service mark, trade secret, or any other proprietary rights protection legally available. 

  

	 	(c)	Patent and Copyright Registration. The Executive agrees to execute and deliver any instruments or documents, and to do all other things reasonably requested by
the Company in order to more fully vest the Company with all ownership rights in the Work Product. If any Work Product is deemed by the Company to be patentable or otherwise registrable, the Executive shall assist the Company (at the Company’s
expense) in obtaining letters of patent or other applicable registration therein and shall execute all documents and do all things, including testifying (at the Company’s expense) necessary or appropriate to apply for, prosecute, obtain, or
enforce any Intellectual Property right relating to any Work Product. Should the Company be unable to secure the Executive’s signature on any document deemed necessary to accomplish the foregoing, whether due to the Executive’s disability
or other reason, the Executive hereby irrevocably designates and appoints the Company and each of its duly authorized officers and agents as the Executive’s agent and attorney-in-fact to act for and on the Executive’s behalf and stead to
take any of the actions required of Executive under the previous sentence, with the same effect as if executed and delivered by the Executive, such appointment being coupled with an interest. 

  
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 This Section 9 shall survive the termination of the Agreement for any reason. In the
event the Executive breaches this Section 9, the Company shall have right to seek remedies permissible under applicable law. 
  

	10.	CONFLICTING EMPLOYMENT. 

The Executive hereby agrees that, during the Term, he/she will not engage in any other employment, occupation, consulting or other
business activity related to the business in which the Company is now involved or becomes involved during the Term, nor will the Executive engage in any other activities that conflict with his/her obligations to the Company without the prior written
consent of the Company. 
  

	11.	NON-COMPETITION AND NON-SOLICITATION 

  

	 	(a)	Non-Competition. In consideration of the compensation provided to the Executive by the Company hereunder, the adequacy of which is hereby acknowledged by the
parties hereto, the Executive agree that during the Term and for a period of one year following the termination of the Employment for whatever reason, the Executive shall not engage in Competition (as defined below) with the Group. For purposes of
this Agreement, “Competition” by the Executive shall mean the Executive’s engaging in, or otherwise directly or indirectly being employed by or acting as a consultant or lender to, or being a director, officer, employee, principal,
agent, stockholder, member, owner or partner of, or permitting the Executive’s name to be used in connection with the activities of, any other business or organization which competes, directly or indirectly, with the Group in the Business;
provided, however, it shall not be a violation of this Section 11(a) for the Executive to become the registered or beneficial owner of up to five percent (5%) of any class of the capital stock of a corporation in Competition
with the Group that is registered under the U.S. Securities Exchange Act of 1934, as amended, provided that the Executive does not otherwise participate in the business of such corporation. 

For purposes of this Agreement, “Business” means social networking services, online games or social
commerce services and any other business which the Group engages in, or is preparing to become engaged in, during the Term. 
  

	 	(b)	Non-Solicitation; Non-Interference. During the Employment Period and for a period of one year following the termination of the Executive’s employment for
any reason, the Executive agrees that he or she will not, directly or indirectly, for the Executive’s benefit or for the benefit of any other person or entity, do any of the following: 

 

	 	(1)	solicit from any customer doing business with the Group during the Term business of the same or of a similar nature to the Business; 

 

	 	(2)	solicit from any known potential customer of the Group business of the same or of a similar nature to that which has been the subject of a known written or oral bid,
offer or proposal by the Group, or of substantial preparation with a view to making such a bid, proposal or offer; 

  
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	 	(3)	solicit the employment or services of, or hire or engage, any person who is known to be employed or engaged by the Group; or 

 

	 	(4)	otherwise interfere with the business or accounts of the Group, including, but not limited to, with respect to any relationship or agreement between the Group and any
vendor or supplier. 

  

	 	(c)	Injunctive Relief; Indemnity of Company. The Executive agrees that any breach or threatened breach of subsections (a) and (b) of this Section 12
would result in irreparable injury and damage to the Company for which an award of money to the Company would not be an adequate remedy. The Executive therefore also agrees that in the event of said breach or any reasonable threat of breach, the
Company shall be entitled to seek an immediate injunction and restraining order to prevent such breach and/or threatened breach and/or continued breach by the Executive and/or any and all persons and/or entities acting for and/or with the Executive.
The terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including, but not limited to, remedies available under this Agreement and the recovery of damages. The
Executive and the Company further agree that the provisions of this Section 11 are reasonable. The Executive agrees to indemnify and hold harmless the Company from and against all reasonable expenses (including reasonable fees and disbursements
of counsel) which may be incurred by the Company in connection with, or arising out of, any violation of this Agreement by the Executive. This Section 11 shall survive the termination of the Agreement for any reason. 

 

	12.	WITHHOLDING TAXES 

Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from
any amounts otherwise due or payable under or pursuant to the Agreement such national, provincial, local or any other income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation. 

 

	13.	ASSIGNMENT 

 The Agreement
is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer the Agreement or any rights or obligations hereunder; provided, however, that the Company may assign or transfer the Agreement or
any rights or obligations hereunder to any member of the Group without such consent. If the Executive should die while any amounts would still be payable to the Executive hereunder if the Executive had continued to live, all such amounts unless
otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to the Executive’s estate. The Company will require any and
all successors (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this
Agreement and shall entitle the Executive to compensation from the Company in the same amount and on the same terms as the Executive would be entitled to hereunder if the Company had terminated the Executive’s employment other than for Cause,
except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of Termination. As used in this Agreement, “Company” shall mean the Company as herein before defined
and any successor to its business and/or assets as aforesaid which executes and delivers the agreement provided for in this Section 13 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

  
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	14.	SEVERABILITY 

 If any
provision of the Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of the Agreement which can be given effect without the invalid provisions or applications and to this end the
provisions of the Agreement are declared to be severable. 
  

	15.	ENTIRE AGREEMENT 

 The
Agreement constitutes the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The
Executive acknowledges that he has not entered into the Agreement in reliance upon any representation, warranty or undertaking which is not set forth in the Agreement. 
  

	16.	GOVERNING LAW 

 The
Agreement shall be governed by and construed in accordance with the law of the State of New York, USA, without regard to the conflicts of law principles. 
  

	17.	AMENDMENT 

 The Agreement
may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to the Agreement, which agreement is executed by both of the parties hereto. 

 

	18.	WAIVER 

 Neither the
failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under the Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any
other or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with
respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 
  

	19.	NOTICES 

 All notices,
requests, demands and other communications required or permitted under the Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor,
(iii) sent by a recognized courier with next-day or second-day delivery to the last known address of the other party; or (iv) sent by e-mail with confirmation of receipt. 

  
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	20.	COUNTERPARTS 

 The
Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. The Agreement shall
become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the
originals for any purpose. 
  

	21.	NO INTERPRETATION AGAINST DRAFTER 

 Each party recognizes that the Agreement is a legally binding contract and acknowledges that such party has had the opportunity to consult with legal counsel of choice. In any construction of the terms of
the Agreement, the same shall not be construed against either party on the basis of that party being the drafter of such terms. 

[Remainder of the page intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Agreement has been executed as of the date first written above. 

 

			
	Renren Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Executive
		
	Signature:	 	  

	Name:	 	

 Schedule A 
 Cash Compensation 
  

									
	 	  	Amount	 	  	Pay Period	 
			
	 Base Salary
	  				  			
			
	 Cash Bonus
	  				  			

  
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 Schedule B 
 List of Prior Inventions 
  

					
	 Title
	 	 Date
	 	 Identifying Number

or Brief Description

  

 
  
  

 
  
  

             No inventions or improvements 

             Additional Sheets Attached 

Signature of Executive:                     

 Print Name of Executive:
                     
 Date:
                     

  
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 Schedule of Material Differences

Below is a list of material differences in the executed employment agreements from this form employment agreement: 

 

									
	 Name
	  	 Title
	  	 Location
	  	 Annual Salary

for the Year 2011
	 
	 Joseph Chen
	  	Chairman of the Board of Directors and Chief Executive Officer	  	Beijing	  	 	RMB900,000.00	  
	 James Jian Liu
	  	Director and Chief Operating Officer	  	Beijing	  	 	RMB773,712.00	  
	 Hui Huang
	  	Chief Financial Officer	  	Beijing	  	 	RMB773,712.00	  
	 Alvin Chiang
	  	Chief Marketing Officer	  	Beijing	  	 	RMB774,567.00	  
	 Chuang He
	  	Senior Vice President for Games	  	Beijing	  	 	RMB528,000.00	  
	 Derek Boyang Shen
	  	Vice President for Nuomi	  	Beijing	  	 	RMB530,400.00	  

 None of the executive officers
reported any Prior Inventions. 

  
 15Subscription Agreement, dated as of April 15, 2011

 Exhibit 10.20 
 SUBSCRIPTION AGREEMENT 
 This Subscription Agreement (this
“Agreement”) is made as of April 15, 2011 by and among: 
  

	 	(1)	Renren Inc., a company incorporated in the Cayman Islands (the “Company”); and 

 

	 	(2)	each of the parties set forth in Exhibit A hereto (each, a “Purchaser”, and collectively, the “Purchasers”). The Purchasers on
the one hand, and the Company on the other hand, are sometimes herein referred to each as a “Party,” and collectively as the “Parties.” 

W I T N E S S E T H: 

WHEREAS, the Company has filed a registration statement on Form F-1 on April 15, 2011 (as may be amended from time to time, the
“Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”) in connection with the initial public offering (the “Offering”) by the Company of American Depositary
Shares (“ADS”) representing Class A ordinary shares (“Ordinary Shares”) of the Company as specified in the Registration Statement; and 
 WHEREAS, the Purchasers wish to invest in the Company by acquiring Ordinary Shares in the Company in a transaction exempt from registration pursuant to Regulation S (“Regulation S”) of the U.S.
Securities Act of 1933, as amended (the “Securities Act”); 
 NOW, THEREFORE, in consideration of the foregoing
recitals and the mutual promises hereinafter set forth, the Parties hereto agree as follows: 
 ARTICLE I 

PURCHASE AND SALE 
 Section 1.1 Issuance, Sale and Purchase of Ordinary Shares. Upon the terms and subject to the conditions of this Agreement, each Purchaser hereby agrees to purchase, and the Company
hereby agrees to issue, sell and deliver to each Purchaser, at the Closing (as defined below), the number of Ordinary Shares determined pursuant to Section 1.2 with respect to such Purchaser (collectively, the “Purchased
Shares”) at a price per Ordinary Share equal to the Offer Price (as defined below), free and clear of all liens or encumbrances (except for restrictions arising under the Securities Act or created by virtue of this Agreement or the Lock-up
Agreement (as defined below)). The “Offer Price” means the price per ADS set forth on the cover of the Company’s final prospectus in connection with the Offering (the “Final Prospectus”) divided by the number
of Ordinary Shares represented by one ADS. The purchase, issuance, sale and delivery of the Purchased Shares shall be made pursuant to and in reliance upon Regulation S. 

  
 1 

 Section 1.2 Closings. 

(a) Closings. Subject to Section 1.3, the closings (the “Closings”) of the sale and purchase of the Purchase
Shares pursuant to Section 1.1 shall take place concurrently with the closing of the Offering at the same offices for the closing of the Offering or at such other place as the Company and any Purchaser may mutually agree with respect to such
Purchaser’s Purchased Shares. The total number of the Ordinary Shares that each Purchaser shall purchase as Purchased Shares at the Closing shall be equal to the quotient of the aggregate purchase price set forth opposite such Purchaser’s
name in Exhibit A hereto (as adjusted pursuant to clause (iii) below, such Purchaser’s “Purchase Price”) divided by the Offer Price; provided, however, that (i) no fractional shares of Ordinary
Shares will be issued as Purchased Shares, (ii) any fractions shall be rounded down to the nearest whole number of Ordinary Shares, and (iii) each Purchaser’s Purchase Price will be reduced by the value of any such fractional share
(as calculated on the basis of the Offer Price). The date and time of the Closings are referred to herein as the “Closing Date.” 
 (b) Payment and Delivery. At the Closings, each Purchaser shall pay and deliver such Purchaser’s Purchase Price to the Company in U.S. dollars by wire transfer, or by such other method
mutually agreeable to the Company and such Purchaser, of immediately available funds to such bank account designated in writing by the Company, and the Company shall deliver one or more duly executed share certificates in original form, registered
in the name of such Purchaser, together with a certified true copy of the register of the members of the Company, evidencing the Purchased Shares being issued and sold to such Purchaser. 

(c) Restrictive Legend. Each certificate representing Purchased Shares shall be endorsed with the following legend: 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (AS AMENDED, THE “ACT”) OR UNDER THE SECURITIES LAWS OF
ANY STATE. THIS SECURITY MAY NOT BE TRANSFERRED, SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED: (A) IN THE ABSENCE OF (1) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, (2) AN EXEMPTION OR QUALIFICATION UNDER THE ACT AND OTHER
APPLICABLE SECURITIES LAWS OR (3) DELIVERY TO THE COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED; AND (B) WITHIN THE UNITED STATES OR TO ANY U.S. PERSON, AS EACH OF THOSE
TERMS IS DEFINED IN REGULATION S UNDER THE ACT, DURING THE 40 DAYS FOLLOWING CLOSING OF THE PURCHASE. ANY ATTEMPT TO TRANSFER, SELL, PLEDGE OR HYPOTHECATE THIS SECURITY IN VIOLATION OF THESE RESTRICTIONS SHALL BE VOID. 

  
 2 

 Section 1.3 Closing Conditions. 

(a) Conditions to Each Purchaser’s Obligations to Effect the Closing. The obligation of each Purchaser to purchase and pay
for its Purchased Shares as contemplated by this Agreement is subject to the satisfaction, on or before the Closing Date, of the following conditions, any of which may be waived in writing by such Purchaser in its sole discretion: 

(i) The Registration Rights Agreement among the Company and the Purchasers substantially in the form attached as Exhibit B hereto
(the “Registration Rights Agreement”), shall have been executed and delivered by the Company to such Purchaser. 
 (ii) All corporate and other actions required to be taken by the Company in connection with the issuance, sale and delivery of such Purchaser’s Purchased Shares (including registration of such
issuance of the Purchased Shares in the register of the members of the Company) shall have been completed. 
 (iii) The
representations and warranties of the Company to such Purchaser contained in Section 2.1 of this Agreement shall have been true and correct on the date of this Agreement and true and correct in all material respects on and as of the
Closing Date (except the representations and warranties contained in Section 2.1(i) shall be true and correct in all respects on and as of the Closing Date); and the Company shall have performed and complied in all material respects with
all, and not be in breach or default in any material respects under any, agreements, covenants, conditions and obligations contained in this Agreement that are required to be performed or complied with on or before the Closing Date. 

(iv) No governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any law (whether
temporary, preliminary or permanent) that is in effect and restrains, enjoins, prevents, prohibits or otherwise makes illegal the consummation of the transactions contemplated by this Agreement with respect to such Purchaser, or imposes any damages
or penalties in connection with the transactions contemplated by this Agreement with respect to such Purchaser that are substantial in relation to the Company; and no action, suit, proceeding or investigation shall have been instituted by a
governmental authority of competent jurisdiction or threatened that seeks to restrain, enjoin, prevent, prohibit or otherwise make illegal the consummation of the transactions contemplated by this Agreement with respect to such Purchaser, or imposes
any damages or penalties in connection with the transactions contemplated by this Agreement with respect to such Purchaser that are substantial in relation to the Company. 

  
 3 

 (v) The Offering shall have been, or shall concurrently with the Closing be, completed.

 (vi) The ADSs shall have been listed on the New York Stock Exchange subject to official notice of issuance. 

(vii) The underwriting agreement relating to the Offering shall have been entered into and have become effective. 

(viii) The Company shall have provided to such Purchaser a legal opinion of Cayman Islands counsel to the Company dated as of the Closing
Date and in the form attached as Exhibit C. 
 (b) Conditions to Company’s Obligations to Effect the Closing.
The obligation of the Company to issue and sell the Purchased Shares to each Purchaser as contemplated by this Agreement is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, any of which may be waived
in writing by the Company in its sole discretion: 
 (i) The Registration Rights Agreement shall have been executed and
delivered by such Purchaser to the Company. 
 (ii) The Lock-up Agreement shall have been executed and delivered by such
Purchaser to the representatives of the underwriters for the Offering. 
 (iii) All corporate and other actions required to be
taken by such Purchaser in connection with the purchase of its Purchased Shares shall have been completed. 
 (iv) The
representations and warranties of such Purchaser contained in Section 2.2 of this Agreement shall have been true and correct in all material respects on the date of this Agreement and on and as of the Closing Date; and such Purchaser
shall have performed and complied in all material respects with all, and not be in breach or default in any material respect under any, agreements, covenants, conditions and obligations contained in this Agreement that are required to be performed
or complied with on or before the Closing Date. 
 (v) No governmental authority of competent jurisdiction shall have enacted,
issued, promulgated, enforced or entered any law (whether temporary, preliminary or permanent) that is in effect and restrains, enjoins, prevents, prohibits or otherwise makes illegal the consummation of the transactions contemplated by this
Agreement with respect to such Purchaser, or imposes any damages or penalties in connection with the transactions contemplated by this Agreement with respect to such Purchaser that are substantial in relation to the Company; and no action, suit,
proceeding or investigation shall have been instituted by a governmental authority of competent jurisdiction or threatened that seeks to restrain, enjoin, prevent, prohibit or otherwise make illegal the consummation of the transactions contemplated
by this Agreement with respect to such Purchaser, or imposes any damages or penalties in connection with the transactions contemplated by this Agreement with respect to such Purchaser that are substantial in relation to the Company. 

  
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 ARTICLE II 
 REPRESENTATIONS AND WARRANTIES 
 Section 2.1 Representations
and Warranties of the Company. The Company hereby represents and warrants to each Purchaser, as of the date hereof and as of the Closing Date, as follows: 
 (a) Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company
has all requisite power and authority to carry on its business as it is currently being conducted. 
 (b) Authority. The
Company has full power and authority to enter into, execute and deliver this Agreement and each agreement, certificate, document and instrument to be executed and delivered by the Company pursuant to this Agreement and to perform its obligations
hereunder. The execution and delivery by the Company of this Agreement and any agreements, certificates, documents and instruments to be executed and delivered by the Company pursuant to this Agreement, and the performance by the Company of its
obligations hereunder, have been duly authorized by all requisite actions on its part. 
 (c) Valid Agreement. This
Agreement has been duly executed and delivered by the Company and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or
other equitable remedies. 
 (d) Capitalization. 

(i) The authorized share capital, option plans and issuance, warrant issuance and any other equity securities (including securities
convertible into or exchangeable for equity securities) of the Company (the “Company Capitalization”) as of the date hereof is as set forth in Schedule D-1 of this Agreement, which includes (A) the aggregate number of
issued and outstanding shares of capital stock of the Company (including the Ordinary Shares and each series of convertible preferred shares (the “Preferred Shares”)) and (B) the aggregate number of ordinary shares issuable
under all outstanding options, all outstanding warrants and all other outstanding securities or obligations which, by their terms, whether directly or indirectly, may be exercisable or exchangeable for, convertible into, or require the Company to
issue, Ordinary Shares. All issued and outstanding Ordinary Shares and all issued and outstanding Preferred Shares are validly issued, fully paid and non-assessable. 

  
 5 

 (ii) Upon effectiveness of the Closing and after giving effect to the Offering, the
transactions contemplated by this Agreement and other related transactions, the Company Capitalization will be as set forth in Schedule D-2 of this Agreement. 
 (iii) All outstanding shares of capital stock of the Company (including Ordinary Shares and Preferred Shares), all outstanding awards under the Company’s stock option plans, all other outstanding
warrants and other equity securities (including securities convertible into or exchangeable for equity securities) of the Company, and all outstanding shares of capital stock of each of the Company’s subsidiaries and consolidated affiliates
(each a “Subsidiary” and collectively “Subsidiaries”) have been issued and granted in compliance with (x) all applicable Securities Laws and other applicable laws and (y) all requirements set forth in
applicable plans or contracts, without violation of any preemptive rights, rights of first refusal or other similar rights. Except as set forth in Schedule D-1 and Schedule D-2, as applicable, no equity securities of the Company are or
may become required to be issued by reason of any notes, bonds or other debt securities, or any option, warrant or other agreements to which the Company is a party. “Securities Laws” means the Securities Act, the Securities Exchange
Act of 1934, as amended, the listing rules of, or any listing agreement with the New York Stock Exchange and any other applicable law regulating securities or takeover matters. 

(iv) The rights of the Ordinary Shares to be issued to such Purchaser as Purchased Shares are as stated in the Amended and Restated
Memorandum and Articles of Association of the Company as set out in the exhibit 3.2 of the Registration Statement. 
 (e) Due
Issuance of the Purchased Shares. Such Purchaser’s Purchased Shares have been duly authorized and, when issued and delivered to and paid for by such Purchaser pursuant to this Agreement, will be validly issued, fully paid and non-assessable
and free and clear of any pledge, mortgage, security interest, encumbrance, lien, charge, assessment, right of first refusal, right of pre-emption, third party right or interest, claim or restriction of any kind or nature, except for restrictions
arising under the Securities Act or created by virtue of this Agreement or the Lock-up Agreement and upon delivery and entry into the register of members of the Company will transfer to such Purchaser good and valid title to its Purchased Shares.

  
 6 

 (f) Noncontravention. Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will (i) violate any provision of the organizational documents of the Company or its Subsidiaries or violate any constitution, statute, regulation, rule, injunction, judgment, order,
decree, ruling, charge, or other restriction of any government, governmental entity or court to which the Company or its Subsidiaries is subject, or (ii) conflict with, result in a breach of, constitute a default under, result in the
acceleration of or creation of an encumbrance under, or create in any party the right to accelerate, terminate, modify, or cancel, any agreement, contract, lease, license, instrument, or other arrangement to which the Company or its Subsidiaries is
a party or by which the Company or its Subsidiaries is bound or to which any of the Company’s or its Subsidiaries’ assets are subject. There is no action, suit or proceeding, pending or threatened against the Company or its Subsidiaries
that questions the validity of this Agreement or the right of the Company to enter into this Agreement or to consummate the transactions contemplated hereby. 
 (g) Consents and Approvals. Neither the execution and delivery by the Company of this Agreement, nor the consummation by the Company of any of the transactions contemplated hereby, nor the
performance by the Company of this Agreement in accordance with its terms requires the consent, approval, order or authorization of, or registration with, or the giving notice to, any governmental or public body or authority or any third party,
except such as have been or will have been obtained, made or given on or prior to the Closing Date. 
 (h) Compliance with
Laws. The business of the Company or its Subsidiaries is not being conducted in violation of any law or government order applicable to the Company except for violations which do not and would not have a Material Adverse Effect. As used herein,
“Material Adverse Effect” shall mean any event, fact, circumstance or occurrence that, individually or in the aggregate with any other events, facts, circumstances or occurrences, results in or would reasonably be expected to result
in a material adverse change in or a material adverse effect on any of (i) the financial condition, assets, liabilities, results of operations, business, or operations of the Company or its Subsidiaries taken as a whole, except to the extent
that any such Material Adverse Effect results from (x) changes in generally accepted accounting principles that are generally applicable to comparable companies or (y) changes in general economic and market conditions; or (ii) the
ability of the Company to consummate the transactions contemplated by this Agreement and to timely perform its obligations under the Agreement. 
 (i) SEC Filings. Prior to the Closing, the Registration Statement, as supplemented or amended, shall have been declared effective by the SEC. The Registration Statement, including the prospectus
therein, conforms and will conform, in all material respects to the requirements of the Securities Act and the rules and regulations of the SEC thereunder and does not, as of the date hereof, and will not, as of the applicable effective date,
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. Except for pricing information for the Offering, the Registration Statement, in
the form in which it is declared effective by the SEC, will not contain any information that describes a fact, event, occurrence or result that is materially adverse to the Company and that is not described in the draft Registration Statement
provided to such Purchaser for its review prior to entering into this Agreement. 

  
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 (j) Investment Company. The Company is not and, after giving effect to the offering
and sale of the Purchased Shares, the consummation of the Offering and the application of the proceeds hereof and thereof, will not be an “investment company,” as such term is defined in the U.S. Investment Company Act of 1940, as
amended. 
 (k) Regulation S. No directed selling efforts (as defined in Rule 902 of Regulation S under the Securities
Act) have been made by any of the Company, any of its affiliates or any person acting on its behalf with respect to any Purchased Shares that are not registered under the Securities Act; and none of such persons has taken any actions that would
result in the sale of the Purchased Shares to the Purchasers under this Agreement requiring registration under the Securities Act; and the Company is a “foreign issuer” (as defined in Regulation S). 

(l) Events Subsequent to Most Recent Fiscal Period. Since December 31, 2010 until the date hereof and to the Closing Date,
there has not been any event, fact, circumstance or occurrence that has had or would reasonably be expected to have a Material Adverse Effect. 
 (m) Registration Rights. Except for the rights granted under the Registration Rights Agreement entered into pursuant to Section 1.3(a)(i) hereof and the Amended and Restated Investors’
Rights Agreement dated April 4, 2008 among the Company and the parties thereto, a copy of which has been provided to such Purchaser, the Company has not provided any shareholder with any registration rights. 

(n) Litigation. There are no actions by or against the Company or its Subsidiaries or affecting the business or any of the assets
of the Company or its Subsidiaries pending before any governmental authority, or, to the Company’s knowledge, threatened to be brought by or before any governmental authority, that has had or would reasonably be expected to have a Material
Adverse Effect. 
 Section 2.2 Representations and Warranties of each Purchaser. Each Purchaser hereby
represents and warrants, severally but not jointly, to the Company as of the date hereof and as of the Closing Date, as follows: 
 (a) Due Formation. The Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its
business as it is currently being conducted. 
 (b) Authority. The Purchaser has full power and authority to enter into,
execute and deliver this Agreement and each agreement, certificate, document and instrument to be executed and delivered by the Purchaser pursuant to this Agreement and to perform its obligations hereunder. The execution and delivery by the
Purchaser of this Agreement and any agreements, certificates, documents and instruments to be executed and delivered by the Purchaser pursuant to this Agreement, and the performance by the Purchaser of its obligations hereunder have been duly
authorized by all requisite actions on its part. 

  
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 (c) Valid Agreement. This Agreement has been duly executed and delivered by the
Purchaser and constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and
other laws of general application affecting enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. 

(d) Noncontravention. Neither the execution and the delivery of this Agreement, nor the consummation of the transactions
contemplated hereby, will (i) violate any provision of the organizational documents of the Purchaser or violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any
government, governmental entity or court to which the Purchaser is subject, or (ii) conflict with, result in a breach of, constitute a default under, result in the acceleration of or creation of an encumbrance under, or create in any party the
right to accelerate, terminate, modify, or cancel, any agreement, contract, lease, license, instrument, or other arrangement to which the Purchaser is a party or by which the Purchaser is bound or to which any of the Purchaser’s assets are
subject. There is no action, suit or proceeding, pending or threatened against the Purchaser that questions the validity of this Agreement or the right of the Purchaser to enter into this Agreement or to consummate the transactions contemplated
hereby. 
 (e) Consents and Approvals. Neither the execution and delivery by the Purchaser of this Agreement, nor the
consummation by the Purchaser of any of the transactions contemplated hereby, nor the performance by the Purchaser of this Agreement in accordance with its terms requires the consent, approval, order or authorization of, or registration with, or the
giving notice to, any governmental or public body or authority or any third party, except such as have been or will have been obtained, made or given on or prior to the Closing Date. 

(f) Status and Investment Intent. 
 (i) Experience. The Purchaser has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of its investment in its Purchased
Shares. The Purchaser is capable of bearing the economic risks of such investment, including a complete loss of its investment. 

(ii) Purchase Entirely for Own Account. The Purchaser is acquiring its Purchased Shares for its own account for investment
purposes only and not with the view to, or with any intention of, resale, distribution or other disposition thereof. The Purchaser does not have any direct or indirect arrangement, or understanding with any other persons to distribute, or regarding
the distribution of the Purchased Shares in violation of the Securities Act or any other applicable state securities law. 

  
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 (iii) Solicitation. The Purchaser (x) was not identified or contacted through
the marketing of the Offering and (y) did not contact the Company as a result of any general solicitation. 
 (v)
Information. The Purchaser has been furnished access to all materials and information such Purchaser has requested relating to the Company and its Subsidiaries and other due diligence documents in order to evaluate the transactions
contemplated by this Agreement. The Purchaser has consulted to the extent deemed appropriate by such Purchaser with such Purchaser’s own advisers as to the financial, tax, legal and related matters concerning an investment in its Purchased
Shares. 
 (vi) Not U.S. Person. The Purchaser is not a “U.S. person” as defined in Rule 902 of Regulation S.

 (vii) Offshore Transaction. The Purchaser has been advised and acknowledges that in issuing Purchased Shares to the
Purchaser pursuant hereto, the Company is relying upon the exemption from registration provided by Regulation S. The Purchaser is acquiring its Purchased Shares in an offshore transaction in reliance upon the exemption from registration provided by
Regulation S. 
 (viii) FINRA. The Purchaser does not, directly or indirectly, own more than five per cent of the
outstanding common stock (or other voting securities) of any member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) or a holding company for a FINRA member, and is not otherwise a “restricted person” for the
purposes of the Free-Riding and Withholding Interpretation of FINRA. 
 ARTICLE III 

COVENANTS 

Section 3.1 Lock-up. Each Purchaser shall, concurrently with the execution of this Agreement, enter into a lock-up
agreement (the “Lock-up Agreement”) in the form and substance to the reasonable satisfactory of the Company and/or the underwriters in the Offering. 

  
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 Section 3.2 Distribution Compliance Period. Each Purchaser agrees not to
resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date. 

Section 3.3 Further Assurances. From the date of this Agreement until the Closing Date, the Company and each Purchaser
shall use their reasonable best efforts to fulfill or obtain the fulfillment of the conditions precedent to the consummation of the transactions contemplated hereby. 
 ARTICLE IV 
 INDEMNIFICATION 

Section 4.1 Indemnification. Each of the Company and each Purchaser (an “Indemnifying Party”) shall
indemnify and hold each other and their directors, officers, employees, advisors and agents (collectively, the “Indemnified Party”) harmless from and against any losses, claims, damages, fines, expenses and liabilities of any kind
or nature whatsoever, including but not limited to any investigative, legal and other expenses incurred in connection with, and any amounts paid in settlement of, any pending or threatened legal action or proceeding, and any taxes or levies that may
be payable by such person by reason of the indemnification of any indemnifiable loss hereunder (collectively, “Losses”) resulting from or arising out of: (i) the breach of any representation or warranty of such Indemnifying
Party contained in this Agreement or in any schedule or exhibit hereto; or (ii) the violation or nonperformance, partial or total, of any covenant or agreement of such Indemnifying Party contained in this Agreement for reasons other than gross
negligence or willful misconduct of such Indemnified Party. In calculating the amount of any Losses of an Indemnified Party hereunder, there shall be subtracted the amount of any insurance proceeds and third-party payments received by the
Indemnified Party with respect to such Losses, if any. For the avoidance of doubt, the obligations of the Purchasers under this Section 4.1 are several but not joint. 
 Section 4.2 Third Party Claims. 
 (a) If any third party shall
notify any Indemnified Party in writing with respect to any matter involving a claim by such third party (a “Third Party Claim”) which such Indemnified Party believes would give rise to a claim for indemnification against the
Indemnifying Party under this Article IV, then the Indemnified Party shall promptly (i) notify the Indemnifying Party thereof in writing within thirty (30) days of receipt of notice of such claim and (ii) transmit to the
Indemnifying Party a written notice (“Claim Notice”) describing in reasonable detail the nature of the Third Party Claim, a copy of all papers served with respect to such claim (if any), and the basis of the Indemnified
Party’s request for indemnification under this Agreement. 

  
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 (b) Upon receipt of a Claim Notice with respect to a Third Party Claim, the Indemnifying
Party shall have the right to assume the defense of any Third Party Claim by, within (30) days of receipt of the Claim Notice, notifying the Indemnified Party in writing that the Indemnifying Party elects to assume the defense of such Third
Party Claim, and upon delivery of such notice by the Indemnifying Party, the Indemnifying Party shall have the right to fully control and settle the proceeding, provided, that, any such settlement or compromise shall be permitted hereunder only with
the written consent of the Indemnified Party. 
 (c) If requested by the Indemnifying Party, the Indemnified Party shall, at the
sole cost and expense of the Indemnifying Party, cooperate with the Indemnifying Party and its counsel in contesting any Third Party Claim which the Indemnifying Party elects to contest, including the making of any related counterclaim against the
person asserting the Third Party Claim or any cross complaint against any person. The Indemnified Party shall have the right to receive copies of all pleadings, notices and communications with respect to any Third Party Claim, other than any
privileged communications between the Indemnifying Party and its counsel, and shall be entitled, at its sole cost and expense, to retain separate co-counsel and participate in, but not control, any defense or settlement of any Third Party Claim
assumed by the Indemnifying Party pursuant to Section 4.2(b). 
 (d) In the event of a Third Party Claim for which
the Indemnifying Party elects not to assume the defense or fails to make such an election within the 30 days of the Claim Notice, the Indemnified Party may, at its option, defend, settle, compromise or pay such action or claim at the expense of the
Indemnifying Party; provided, that, any such settlement or compromise shall be permitted hereunder only with the written consent of the Indemnifying Party, which consent shall not be unreasonably withheld or delayed. 

Section 4.3 Other Claims. In the event any Indemnified Party should have a claim against the Indemnifying Party
hereunder which does not involve a Third Party Claim, the Indemnified Party shall promptly transmit to the Indemnifying Party a written notice (the “Indemnity Notice”) describing in reasonable detail the nature of the claim, the
Indemnified Party’s best estimate of the amount of Losses attributable to such claim and the basis of the Indemnified Party’s request for indemnification under this Agreement. If the Indemnifying Party does not notify the Indemnified Party
within thirty (30) days from its receipt of the Indemnity Notice that the Indemnifying Party disputes such claim, the Indemnifying Party shall be deemed to have accepted and agreed with such claim. 

Section 4.4 Cap. Notwithstanding the foregoing, the Indemnifying Party shall have no liability (for indemnification or
otherwise) with respect to any Losses in excess of the applicable Purchase Price. 

  
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 ARTICLE V 
 MISCELLANEOUS 
 Section 5.1 Survival of the Representations
and Warranties. All representations and warranties made by any party hereto shall survive for two years and shall terminate and be without further force or effect on the second anniversary of the date hereof, except as to (i) any claims
thereunder which have been asserted in writing pursuant to Section 4.1 against the party making such representations and warranties on or prior to such second anniversary, and (ii) the Company’s representations contained in
Section 2.1(a), (b), (c), (d) and (e) hereof, each of which shall survive indefinitely. 
 Section 5.2
Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereof. Any dispute arising out of or relating to
this Agreement, including any question regarding its existence, validity or termination (“Dispute”) shall be referred to and finally resolved by arbitration at the Hong Kong International Arbitration Centre in accordance with the
Hong Kong International Arbitration Centre Administered Arbitration Rules then in force. There shall be three arbitrators. Each Party has the right to appoint one arbitrator and the third arbitrator shall be appointed by the Hong Kong International
Arbitration Centre. The language to be used in the arbitration proceedings shall be English. Each of the Parties irrevocably waives any immunity to jurisdiction to which it may be entitled or become entitled (including without limitation sovereign
immunity, immunity to pre-award attachment, post-award attachment or otherwise) in any arbitration proceedings and/or enforcement proceedings against it arising out of or based on this Agreement or the transactions contemplated hereby. 

Section 5.3 Amendment. This Agreement shall not be amended, changed or modified, except by another agreement in
writing executed by the parties hereto. 
 Section 5.4 Binding Effect. This Agreement shall inure to the
benefit of, and be binding upon, each Purchaser, the Company, and their respective heirs, successors and permitted assigns. 

Section 5.5 Assignment. Neither this Agreement nor any of the rights, duties or obligations hereunder may be assigned
by the Company or any Purchaser without the express written consent of the other Party, except that a Purchaser may assign all or any part of its rights and obligations hereunder to any affiliate of such Purchaser without the consent of the Company,
provided that no such assignment shall relieve such Purchaser of its obligations hereunder if such assignee does not perform such obligations. Any purported assignment in violation of the foregoing sentence shall be null and void. 

  
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 Section 5.6 Notices. All notices, requests, demands, and other
communications under this Agreement shall be in writing and shall be deemed to have been duly given on the date of actual delivery if delivered personally to the party hereto to whom notice is to be given, on the date sent if sent by telecopier,
tested telex or prepaid telegram, on the next business day following delivery to Federal Express properly addressed or on the day of attempted delivery by the U.S. Postal Service if mailed by registered or certified mail, return receipt requested,
postage paid, and properly addressed as follows: 
  

			
	 If to the Company, at:
	  	Renren Inc.
		  	 23/F, Jing An Center

		  	8 North Third Ring Road East
		  	Beijing, 100028, PRC
		  	Fax: +86 10 5108 5666
		  	Attn: Ms. Hui Huang
		
	 With copy to:
	  	Skadden, Arps, Slate, Meagher & Flom
		  	42/F Edinburgh Tower
		  	The Landmark
		  	15 Queen’s Road Central
		  	Fax: +852 3910 4850
		  	Attn: Z. Julie Gao, Esq.
		  	
	If to Alibaba Group	  	Alibaba Group Treasury Limited
	Treasury Limited, at:	  	c/o Alibaba Group Services Ltd.
		  	24th Floor
		  	Jubilee Center
		  	18 Fenwick Street
		  	Wanchai, Hong Kong
		  	Attn: General Counsel
		  	
	With copy to:	  	Freshfields Bruckhaus Deringer
		  	11th Floor
		  	Two Exchange Square
		  	Central, Hong Kong
		  	Fax: +852 2810 6192
		  	Attn: Kenneth Martin, Esq.
		  	
	If to AsiaStar Growth	  	AsiaStar Growth Capital Limited
	Capital Limited, at:	  	Unit 3607B-08, The Centre, 989 Changle Road
		  	200031, Shanghai, PRC
		  	Fax: +86 21 5466 1250
		  	Attn: Tyler Lv
		  	
	With copy to:	  	Weil, Gotshal & Manges
		  	1366 Nanjing West Road, 38th Floor,
		  	Tower 2, Shanghai,
		  	People’s Republic of China 200040
		  	Fax: +86 21 6288 3866
		  	Attn: Anthony Wang, Esq.
		  	
	If to Huaren Media	  	Huaren Media Investment Limited
	Investment Limited, at:	  	Unit 3607B-08, The Centre, 989 Changle Road
		  	200031, Shanghai, PRC
		  	Fax: +86 21 5466 1250
		  	Attn: Alina Zhang
		  	
	With copy to:	  	Weil, Gotshal & Manges
		  	1366 Nanjing West Road, 38th Floor,
		  	Tower 2, Shanghai,
		  	People’s Republic of China 200040
		  	Fax: +86 21 6288 3866
		  	Attn: Anthony Wang, Esq.
		  	
	If to China Alpha II Fund Ltd,	  	care of CITIC Securities International
	China New Economy Fund Limited,	  	Investment Management (HK) Limited
	CITIC Securities Alpha	  	Room 1701 Chuang’s Tower 30-32
	Leaders Fund Limited,	  	Connaught Road Central, Hong Kong
	and/or Dragon Origin Limited, at:	  	Fax: +852 2530 0727
		  	Attn: Craig Lindsay
		  	
	With copy to:	  	Clifford Chance LLP
		  	29th Floor Jardine House
		  	One Connaught Place, Hong Kong
		  	Fax: +852 2825 8800
		  	Attn: Mark Shipman

 Any party hereto may
change its address for purposes of this Section 5.6 by giving the other Party written notice of the new address in the manner set forth above. 

  
 14 

 Section 5.7 Entire Agreement. This Agreement constitutes the entire
understanding and agreement between the Parties with respect to the matters covered hereby, and all prior agreements and understandings, oral or in writing, if any, between the Parties with respect to the matters covered hereby are merged and
superseded by this Agreement. 
 Section 5.8 Severability. If any provisions of this Agreement shall be
adjudicated to be illegal, invalid or unenforceable in any action or proceeding whether in its entirety or in any portion, then such provision shall be deemed amended, if possible, or deleted, as the case may be, from the Agreement in order to
render the remainder of the Agreement and any provision thereof both valid and enforceable, and all other provisions hereof shall be given effect separately therefrom and shall not be affected thereby. 

Section 5.9 Fees and Expenses. Except as otherwise provided in this Agreement, the Company and each Purchaser will
bear their respective expenses incurred in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby, including fees and expenses of attorneys, accountants, consultants and financial
advisors. 
 Section 5.10 Confidentiality. Each party hereto shall keep in confidence, and shall not use
(except for the purposes of the transactions contemplated hereby) or disclose, any non-public information disclosed to it or its affiliates, representatives or agents in connection with this Agreement or the transactions contemplated hereby. Each
party hereto shall ensure that its affiliates, representatives and agents keep in confidence, and do not use (except for the purposes of the transactions contemplated hereby) or disclose, any such non-public information. 

Section 5.11 Specific Performance. The Parties agree that irreparable damage would occur in the event any provision of
this Agreement were not performed in accordance with the terms hereof and that the Parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy at law or equity. 

Section 5.12 Termination. In the event that the Closings shall not have occurred by December 31, 2011, this
Agreement shall be terminated with no further force or effect, except for the provisions of Section 5.10, which shall survive any termination under this Section 5.12. 

Section 5.13 Description of Purchasers. 
 (a) The Company shall afford each Purchaser a reasonable opportunity in which to review and comment on any description of such Purchaser and/or the transactions contemplated by this Agreement with respect
to such Purchaser that is to be included in the Registration Statement filed after the date hereof, and the Company shall take into account such comments from Purchaser. 

  
 15 

 (b) Each Purchaser hereby consents and undertakes to promptly provide a description of its
organization and business activities to the Company (such Purchaser’s “Purchaser Description”) to be used solely in the Registration Statement and the prospectus therein, and hereby represents that its Purchaser Description
will be true and accurate in all material respects and will not be misleading in any material respect. Additionally, each Purchaser hereby consents to the filing of this Agreement and the Registration Rights Agreement as an exhibit to the
Registration Statement. Other than Purchaser Descriptions, the Company shall not include in the Registration Statement or the prospectus therein any information regarding a Purchaser without such Purchaser’s prior written consent. 

(c) Each Purchaser acknowledges that the Company will rely upon the truth and accuracy of its Purchaser Description, and it agrees to
notify the Company promptly in writing if any of the content contained therein ceases to be accurate and complete or becomes misleading. 
 Section 5.14 Headings. The headings of the various articles and sections of this Agreement are inserted merely for the purpose of convenience and do not expressly or by implication
limit, define or extend the specific terms of the section so designated. 
 Section 5.15 Execution in
Counterparts. For the convenience of the Parties and to facilitate execution, this Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the
same instrument. 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
day and year first above written. 
  

			
	RENREN INC.
		
	By:	 	 /s/ Hui Huang

	Name:	 	Hui Huang
	Title:	 	CFO
	
	ALIBABA GROUP TREASURY LIMITED
		
	By:	 	 /s/ Timothy A. Steinert

	Name:	 	Timothy A. Steinert
	Title:	 	Attorney-in-fact
	
	HUAREN MEDIA INVESTMENT LIMITED
		
	By:	 	 /s/ TUNG Sung-Yuan

	Name:	 	TUNG Sung-Yuan
	Title:	 	Director
	
	ASIASTAR GROWTH CAPITAL LIMITED
		
	By:	 	 /s/ TUNG Sung-Yuan

	Name:	 	TUNG Sung-Yuan
	Title:	 	Director
	
	CHINA ALPHA II FUND LTD
		
	By:	 	 /s/ Wang Jun Yan

	Name:	 	Wang Jun Yan
	Title:	 	Director
		
	By:	 	 /s/ Craig B. Lindsay

	Name:	 	Craig B. Lindsay
	Title:	 	Director
	
	CHINA NEW ECONOMY FUND LIMITED
		
	By:	 	 /s/ Wang Jun Yan

	Name:	 	Wang Jun Yan
	Title:	 	Director
		
	By:	 	 /s/ Craig B. Lindsay

	Name:	 	Craig B. Lindsay
	Title:	 	Director
	
	CITIC SECURITIES ALPHA LEADERS FUND LIMITED
		
	By:	 	 /s/ Wang Jun Yan

	Name:	 	Wang Jun Yan
	Title:	 	Director
		
	By:	 	 /s/ Craig B. Lindsay

	Name:	 	Craig B. Lindsay
	Title:	 	Director
	
	DRAGON ORIGIN LIMITED
		
	By:	 	 /s/ Wang Jun Yan

	Name:	 	Wang Jun Yan
	Title:	 	Director

  
 17 

 Schedule D-1 
 Total Outstanding as of April 15, 2011 
  

									
		  	 	Outstanding	  	  	 
  
	Ordinary Shares

Upon Conversion
	  
   

	 Series A Preferred Shares
	  	 	85,100,000	  	  	 	85,100,000	  
	 Series B Preferred Shares
	  	 	81,501,540	  	  	 	81,501,540	  
	 Series C Preferred Shares
	  	 	128,048,440	  	  	 	124,861,890	  
	 Series D Preferred Shares
	  	 	434,204,890	  	  	 	434,204,890	  
	 Ordinary Shares
	  	 	297,853,650	  	  	 	297,853,650	  
			
	 Ordinary Shares Issuable upon Exercise of Options
	  				  	 	48,337,290	  
			
	 Ordinary shares reserved for future issuances under share incentive plans
	  	 	71,129,128	  	  			

 Authorized Share Capital as of April 15, 2011 

 

													
	 Ordinary Shares
	  	 	2,000,000,000	  	  				  			
	 Preferred Shares
	  	 	850,164,410	  	  	 	consisting of:	  	  			
		  				  	 	Series A	  	  	 	100,000,000	  
		  				  	 	Series B	  	  	 	100,000,000	  
		  				  	 	Series C	  	  	 	215,959,520	  
		  				  	 	Series D	  	  	 	434,204,890	  

  
 18 

 Schedule D-2 
 Total Outstanding Immediately After IPO 
  

			
	Class A Ordinary Shares
	consisting of:
		  	618,133,520 Class A Ordinary Shares held by pre-IPO shareholders (calculated without
		  	subtracting the shares that will be sold by pre-IPO shareholders through the IPO)
		
		  	The number of Class A Ordinary Shares issued to public investors through the IPO
		
		  	The number of Class A Ordinary Shares purchased by the Purchasers subject to the terms
		  	and conditions of the Subscription Agreement
		
	 Class B Ordinary Shares
	  	405,388,450
		
	 Ordinary Shares Issuable
	  	
	 upon Exercise of Options
	  	48,337,290
		
	 Ordinary shares reserved
	  	
	 for future issuances under
	  	
	 share incentive plans
	  	71,129,128
	
	 Authorized Share Capital Immediately After

		
	 Class A Ordinary Shares
	  	3,000,000,000
	 Class B Ordinary Shares
	  	500,000,000

  
 19 

 Exhibit A 
 Purchasers 
  

					
	Purchaser	  	 Purchase
 Price
	 
	 Alibaba Group Treasury Limited, a company incorporated in the British Virgin Islands
	  	US$	30,000,000	  
	 Huaren Media Investment Limited, a company incorporated under the laws of the British Virgin Islands
	  	US$	26,250,000	  
	 AsiaStar Growth Capital Limited, a company incorporated under the laws of the British Virgin Islands
	  	US$	7,750,000	  
	 China Alpha II Fund Ltd, a company incorporated under the laws of Cayman Islands
	  	US$	11,500,000	  
	 China New Economy Fund Limited, a company incorporated under the laws of Cayman Islands
	  	US$	7,000,000	  
	 CITIC Securities Alpha Leaders Fund Limited, a company incorporated under the laws of Cayman Islands
	  	US$	11,500,000	  
	 Dragon Origin Limited, a company incorporated in British Virgin Islands
	  	US$	16,000,000	  

 Exhibit B 
 Registration Rights Agreement 

  
 21

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