Document:

EX-10.6

 Exhibit 10.6 
 This is a translation of the original text in Chinese 
 Business
Operation Agreement 
 The Business Operation Agreement (hereinafter referred to as the “Agreement”) is
concluded and signed by and among the following parties (each hereinafter referred to as a “Party” and collectively, the “Parties”) on July 18, 2012: 

Party A: Conew Network Technology (Beijing) Co., Ltd. 
 Registered Address: Room 150, Building 1, No.3 Xijing Road, Hi-Tech Park, Badachu, 

Shijingshan District, Beijing 
 Legal Representative: Sheng FU 
 Party B: Beijing Kingsoft Network Technology Co.,
Ltd. (the “Company”) 
 Registered Address: Room1592A, Building 3, No.3 Xijing Road, Hi-Tech Park, Badachu,

 Shijingshan District, Beijing 
 Legal Representative: Jun LEI 
 Party C: 

Ming XU (ID Card No.: ***) 
 Wei LIU (ID Card No.: ***) 
 Whereas: 

 

	1.	Party A and Party B have established business relations by signing the agreements such as the Exclusive Technology Development, Support and Consultancy
Agreement; and Party B shall make various payments to Party A in accordance with such agreements. Therefore, Party B’s daily business operation will have material effect on its capability of making the corresponding payments to Party A; and

  

	2.	Ming XU and Wei LIU (Party C) are Party B’s shareholders (hereinafter referred to as the “Founding Shareholders”), of which Ming XU holds 50% of
the shares and Wei LIU holds the other 50%. 

 NOW THEREFORE, through friendly consultations and in line with the principle of equality and mutual
benefit, the Parties have reached the following agreement to be abided by: 
  

	1.	Non-action Obligations 

To ensure that Party B may perform various agreements concluded and signed with Party A and various obligations undertaken to Party A, the
Founding Shareholders hereby confirm, agree and jointly guarantee that, without prior written consent of Party A or any other party designated by Party A, Party B will not conduct any transaction which may materially or adversely affect the assets,
business, personnel, obligations, rights or operation of the Company, including without limitation: 
  

	 	1.1	Conduct any activity beyond normal business scope of the Company; 

  

	 	1.2	Borrow money from any third party or assume any liability; 

  

	 	1.3	Replace or remove any director of the Company or replace any senior executive of the Company; 

 

	 	1.4	Sell assets or rights to or acquire assets or rights from any third party, including without limitation any intellectual property; 

 

	 	1.5	Provide any third party with security by its assets or intellectual properties or any other form of security or impose any other encumbrance on the assets of the
Company; 

  

	 	1.6	Amend the articles of association of the Company or change the business scope of the Company; 

 

	 	1.7	Increase the number of shareholders by shares transfer, capital increase or any other means; 

	 	1.8	Change normal business process of the Company or modify any material internal regulations and policies of the Company; and 

 

	 	1.9	Assign the rights and obligations hereunder to any third party. 

  

	2.	Operation Management and Personnel Arrangement 

  

	 	2.1	Party B and the Founding Shareholders hereby agree to accept suggestions given by Party A from time to time with respect to recruitment and dismissal of employees,
daily operation management and financial management systems of the Company, and to strictly implement the same. 

  

	 	2.2	Party B and the Founding Shareholders hereby agree that, the Founding Shareholders shall elect the persons designated by Party A to serve as all directors of Party B in
accordance with the procedures stipulated by laws, regulations as well as the articles of association of the Company, elect the chairman from such directors as designated by Party A, and appoint the persons designated by Party A to serve as Party
B’s general manager, chief financial officer and other senior executives. 

  

	 	2.3	If the above-mentioned directors or senior executives designated by Party A leave Party A, regardless of voluntary resignation or dismissal by Party A, they will lose
the qualification of taking any position in Party B. Under such circumstances, the Founding Shareholders shall elect other persons separately designated by Party A to take such positions. 

 

	 	2.4	For the purpose of Clause 2.3 hereof, the Founding Shareholders will, in accordance with the provisions of the laws, regulations, the articles of association of the
Company and the Agreement, take all necessary internal and external procedures to complete the aforesaid dismissal and appointment procedures. 

	 	2.5	The Founding Shareholders hereby agree that, at the same time of signing the Agreement, they will sign an irrevocable power of attorney with respect to voting by proxy.
In accordance with such power of attorney, the Founding Shareholders will irrevocably authorize the persons designated by Party A to exercise their shareholders’ rights and all voting rights of the shareholders enjoyed by the Founding
Shareholders at Party B’s shareholders’ meetings. The Founding Shareholders further agree to replace the persons authorized by the aforesaid power of attorney in accordance with Party A’s requirements from time to time.

  

	3.	Other Provisions 

  

	 	3.1	If any agreement between Party A and Party B terminates or expires, Party A shall be entitled to determine whether to terminate all agreements between Party A and Party
B, including without limitation the Exclusive Technology Development, Support and Consultancy Agreement, etc. For the avoidance of doubt, without prior written consent of Party A, Party B and the Founding Shareholders may not early terminate
any agreement. 

  

	 	3.2	In view of that Party A and Party B have established business relations by signing the agreements such as the Exclusive Technology Development, Support and
Consultancy Agreement and Party B’s daily business operation will have material effect on its capability of making the corresponding payments to Party A, the Founding Shareholders agree that any bonus, dividend distribution or any other
revenue or interests (irrespective of the concrete forms) receiving by them from Party B as Party B’s shareholders shall, at the time of realization, be immediately paid or transferred to Party A unconditionally and without any consideration.

  

	4.	Entire Agreement and Amendments to the Agreement 

  

	 	4.1	The Agreement and all other agreements and/or documents referred to or expressly included in the Agreement constitute the entire agreement among the Parties with
respect to the subject matter hereof and supersede all prior oral or written agreements, contracts, understanding and communications among the Parties with respect to the subject matter hereof. 

	 	4.2	Any amendment to the Agreement may not become effective unless and until it is made in writing and signed by the Parties. The amendments and supplements to the
Agreement duly signed by the Parties are an integral part of the Agreement, which shall have the equal legal effect to the Agreement. 

  

	5.	Governing Law 

 The
execution, validity, performance and interpretation of the Agreement as well as the dispute resolution hereunder shall be governed by and construed in accordance with the laws of the People’s Republic of China. 

 

	6.	Dispute Resolution 

  

	 	6.1	Any dispute arising from the interpretation and performance of the provisions hereunder shall be resolved by the Parties through consultations in good faith. In case
that no agreement can be reached, any Party can submit the relevant disputes to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration which shall be conducted in accordance with the CIETAC’s
arbitration rules in effect at the time of applying for arbitration. The arbitration place shall be Beijing; the language of arbitration shall be Chinese. The arbitral award is final and binding upon the Parties. 

 

	 	6.2	Apart from the issues in dispute, the Parties shall continue to perform their respective obligations in good faith and in accordance with the Agreement.

  

	7.	Notice 

 Any notice by the
Parties to exercise the rights or to perform the obligations hereunder shall be given in writing and sent to the following addresses of the Parties by personal delivery, registered mail, prepaid post, recognized express delivery service or fax:

 Party A: Conew Network Technology (Beijing) Co., Ltd. 
 Address: Floor 12, Fosun International Building, No.237, Chaoyang North Road, 

Chaoyang District, Beijing 
 Fax: 010-62927779-6702 
 Telephone: 010-62927779 

Addressee: FU Sheng 

 Party B: Beijing Kingsoft Network Technology Co., Ltd. 

Address: Floor 12, Fosun International Building, No.237, Chaoyang North Road, Chaoyang District, Beijing 

Fax: 010-62927779-6702 
 Telephone: 010-62927779 
 Addressee: Jun LEI 

Party C: 
 Ming
XU 
 Address: Floor 12, Fosun International Building, No.237, Chaoyang North Road, Chaoyang District, Beijing 

Fax: 010-62927779 

Telephone: 010-62927779 
 Addressee: Ming XU 
 Wei LIU 

Address: No. 2022401, Talents Service Center, No.29 Suzhou Street, Haidian District, Beijing 

Fax: 010-62927779 

Telephone: 010-62927779 
 Addressee: Wei LIU 
  

	8.	Effectiveness, Term of the Agreement and Miscellaneous 

  

	 	8.1	Party A’s written consent, suggestion, designation and any other decision which may have material effect on Party B’s daily operation hereunder shall be made
by Party A’s board of directors. 

	 	8.2	The Agreement shall be signed and effective upon the date first above written. Unless early terminated by Party A, the valid term of the Agreement shall be 10 years.
Before expiry of the Agreement, if Party A requests, the Parties shall extend the valid term of the Agreement accordingly and continue to perform the Agreement or separately conclude and sign another business operation agreement as requested by
Party A. 

  

	 	8.3	Within the valid term of the Agreement, Party B and the Founding Shareholders may not terminate the Agreement before the date of expiration. Party A shall be entitled
to terminate the Agreement at any time by giving written notices to Party B and the Founding Shareholders, and Party A shall not assume or be required by Party B and the Founding Shareholders to assume any liability for damages to Party B and the
Founding Shareholders. 

  

	 	8.4	If any clause or provision of the Agreement becomes illegal or unenforceable due to the applicable laws, such clause or provision shall be deemed to be deleted from the
Agreement and lose effectiveness. However, the remaining clauses or provisions shall be still valid and it shall be deemed that the Agreement does not contain the deleted clause or provision from the very beginning. The Parties shall consult with
each other to replace the deleted clause or provision with a legal and valid clause or provision acceptable to the Parties. 

  

	 	8.5	The failure of any Party to exercise any right, power or privilege hereunder shall not constitute a waiver of such right, power or privilege. The single or partial
exercise of any right, power or privilege shall not preclude the exercise of any other right, power or privilege. 

[The remainder of this page is intentionally left blank] 

 [Signature Page] 

IN WITNESS WHEREOF, the Parties hereby sign the Agreement on the date and at the location first written above. 

Party A: Conew Network Technology (Beijing) Co., Ltd. 
 (Stamp) 
 Signature: /s/ Common Seal of Conew Network Technology (Beijing) Co.,
Ltd.  
 Name: Sheng FU 
 Title: Legal Representative 
 Party B: Beijing Kingsoft Network Technology Co.,
Ltd. 
 (Stamp) 
 Signature: /s/ Common Seal of Beijing Kingsoft Network Technology Co., Ltd.  

Name: Jun LEI 

Title: Legal Representative 
 Party C: 
 Ming XU 

Signature: /s/ Ming
XU                                         
    
 Wei LIU 
 Signature: /s/ Wei
LIUEX-10.7

 Exhibit 10.7 
 This is a translation of the original text in Chinese 
 June 20,
2012 
 Each Person Listed in Annex I 
 And 
 Conew Network Technology (Beijing) Co., Ltd. 

 
  

Loan Agreement 
  

 
  

 Loan Agreement 
 The Loan Agreement (hereinafter referred to as the “Agreement”) is made and entered into by and among the following Parties in the People’s Republic of China (hereinafter referred to
as “PRC”) on June 20, 2012: 
  

	(1)	Each person listed in Annex I (hereinafter respectively referred to as a “Borrower” and collectively referred to as the
“Borrowers”), and 

  

	(2)	Conew Network Technology (Beijing) Co., Ltd. (hereinafter referred to as the “Lender”) 

Registered Address: Room150, Building 1, No.3 Xijing Road, Hi-Tech Park, Badachu, Shijingshan District, Beijing 

Legal Representative: Sheng FU 

(Hereinafter, each of the Parties mentioned above shall be respectively referred to as a “Party” and collectively referred to as the
“Parties.”) 
 Whereas: 
  

	1.	The Lender agrees to provide the Borrowers with an interest-free loan of an aggregate amount of RMB10 million (RMB10,000,000) for the purpose of capital contribution in
the form of 100% registered capital by the Borrowers to Beijing Kingsoft Network Technology Co., Ltd. (hereinafter referred to as “the Company”) upon the Company’s incorporation; and 

 

	2.	To delineate the respective rights and obligations of the Borrowers and the Lender under the above-mentioned loan arrangement, the Parties hereby set forth the agreed
terms as follows: 

 Article 1 Definitions 

 

	1.1	Unless otherwise stated, in the Agreement, the following words shall bear the following meanings: 

“Loans” refers to the loans in Renminbi extended by the Lender to each Borrower, which amounts are shown in Annex
I to the Agreement; 
 “Amount” refers to the outstanding loan amount owed by each of the Borrowers;

 “Repayment Notice” has the meaning set forth in Article 4.1 hereof; 

  
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 “Repayment Application” has the meaning set forth in Article 4.2 hereof;

 “PRC” refers to the People’s Republic of China (for the purpose of the Agreement, excluding Hong Kong,
Macau and Taiwan). 
  

	1.2	The relevant terms mentioned in the Agreement have the following meaning: 

 “Article” shall be interpreted as the corresponding article of the Agreement, unless otherwise stated in the Agreement; 

“Tax” shall be deemed to include any tax, expense, duty or any other fee of the same nature (including without limitation
any penalty or interests relating to the accrued or delayed taxes); 
 The “Borrowers” and the
“Lender” shall be interpreted to include their respective approved successors and assignees according to their respective benefits. 
  

	1.3	Unless otherwise indicated, any reference to the Agreement or any other agreement or document herein shall, as the case may be, be interpreted as to include the
amendment, modification, replacement or supplement to the Agreement or such other agreement or document already made or to be made from time to time. 

  

	1.4	The headings herein are inserted for convenience of reference only. 

 Article 2 Acknowledgement of Credits and Debts 
  

	2.1	The Borrowers and the Lender agree that, the payment of the above-mentioned loans shall be made in accordance with the following method: the Lender shall pay RMB
10 million to the Borrowers before June 22, 2012. 

  

	2.2	The Parties confirm that, the Borrowers shall perform their repayment obligation and any other obligation stipulated herein to the Lender in accordance with the terms
of the Agreement. 

 Article 3 Interest 

 

	3.1	The Lender agrees that the Loans hereunder shall be interest-free. 

  
 2 

 Article 4 Repayment 

 

	4.1	The Lender may, at any time and at its sole discretion, serve a repayment notice (hereinafter referred to as the “Repayment Notice”) to the Borrowers
in fifteen (15) days’ advance, requiring either or both of the Borrowers to repay all or part of the Amount. Unless prohibited by the PRC Law, the Borrowers shall repay the relevant loan amount by transferring the Company’s shares
that they hold to the Lender or any third party designated by the Lender, and the proportion of the Company’s shares so transferred as of the date of delivery of the Repayment Application shall be equal to the proportion of the loan amount
requested to be repaid as of the execution date of this Agreement. 

  

	4.2	Either Borrower may, at any time and in fifteen (15) days’ advance, serve a repayment application (hereinafter referred to as the “Repayment
Application”) to the Lender, applying for repayment of all or part of the Amount. Unless prohibited by the PRC Law, the Borrowers shall repay the relevant loan amount by transferring the Company’s shares that they hold to the Lender or
any third party designated by the Lender, and the proportion of the Company’s shares so transferred as of the date of delivery of the Repayment Application shall be equal to the proportion of the loan amount requested to be repaid as of the
execution date of this Agreement. 

  

	4.3	When the Borrowers repay the Amount in accordance with the above-mentioned provisions in Article 4, the Parties shall concurrently consummate the share transfer
stipulated in Article 4.1 or Article 4.2, ensuring that at the time of the Amount is repaid, the Lender or the third party designated by the Lender has already legitimately and fully received the corresponding shares of the Company in accordance
with Article 4.1 or Article 4.2. In addition, save for the Equity Pledge Agreement and the Exclusive Equity Option Agreement with the Lender, there is no other pledge or encumbrance in any form over the shares so transferred.

 Article 5 Taxes 
  

	5.1	All taxes and dues in connection with the Loans shall be borne by the Lender. 

 Article 6 Confidentiality 
  

	6.1	Whether the Agreement is terminated or not, the Borrowers shall assume the obligation of confidentiality with respect to: (i) the execution, performance of the
Agreement and its contents; and (ii) all information with the nature of confidentiality about the Lender which the Borrowers know or receive due to their execution and performance of the Agreement, including without limitation trade secrets,
proprietary information and client information of the Lender (hereinafter collectively referred to as the “Confidential Information”). The Borrowers shall only utilize such Confidential Information for the purpose of performing
their obligations hereunder. Without written consent of the Lender, the Borrowers may not disclose such Confidential Information to any third party. Otherwise, the Borrowers shall assume the liabilities for breach of contract and compensate for
losses. 

  
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	6.2	After the termination of the Agreement, the Borrowers shall, at the request of the Lender, return, destroy or otherwise dispose of all documents, data or software
containing the Confidential Information, and stop utilizing such Confidential Information. 

  

	6.3	Notwithstanding any other provisions in the Agreement, the validity of Article 6 herein shall not be affected by suspension or termination of the Agreement.

 Article 7 Notice 
  

	7.1	Any notice, request, demand and other communication required by or made in accordance with the Agreement shall be in writing and served to the relevant Parties.

  

	7.2	The above-mentioned notice or other communication shall be deemed to have been received: at the time of transmission if sent by fax or email; at the time of delivery if
delivered personally; and five (5) days after the date of posting if sent by mail. 

 Article 8 Liabilities
for Breach of Contract 
  

	8.1	The Borrowers promise that, if the Lender suffers or incurs any action, claim, cost, damage, expense, liability, loss or proceeding due to the breach of the Borrowers
of any of their obligations hereunder, the Borrowers will assume corresponding liability to compensate the Lender. 

  

	8.2	Notwithstanding any other provisions in the Agreement, this Article shall survive suspension or termination of the Agreement. 

Article 9 Miscellaneous 
  

	9.1	The Agreement is made in Chinese in triplicate, with each Party to the Agreement holding one (1) counterpart. 

 

	9.2	The conclusion, validity, performance, amendment, interpretation and termination of the Agreement shall all be governed by the laws of the People’s Republic of
China. 

  
 4 

	9.3	Any dispute arising from or in connection with the Agreement shall be settled by the Parties to the dispute through consultations. In case that no agreement can be
reached within thirty (30) days after the occurrence of the dispute, such dispute shall be submitted to China International Economic and Trade Arbitration Commission (CIETAC) for arbitration which shall be conducted in accordance with the
CIETAC’s arbitration rules . The arbitration place shall be Beijing. The arbitral award is final and binding upon the Parties to the dispute. 

  

	9.4	Any right, power and remedy conferred to a Party under any provision of the Agreement shall not exclude any other right, power or remedy entitled by such Party
according to the laws or under any other provision of the Agreement, and the exercise of its right, power and remedy by a Party may not preclude its exercise of any other right, power and remedy entitled by that Party. 

 

	9.5	The failure or delay by any Party in exercising any right, power or remedy under the Agreement or stipulated by law (“Such Right”) shall not constitute
a waiver of Such Right; and any single or partial waiver of Such Right shall not preclude any exercise of Such Right in any other way or any exercise of its other rights, powers or remedies. 

 

	9.6	The headings hereunder are inserted for convenience only and in no event shall they be utilized to construe the provisions of the Agreement nor shall they affect the
interpretation of the provisions of the Agreement. 

  

	9.7	The provisions of the Agreement shall be divided from and independent of each other. If any one or more provisions of the Agreement become invalid, illegitimate, or
unenforceable at any time, the validity, legitimacy and enforceability of the remaining provisions hereof shall not be affected. 

  

	9.8	No amendment or supplement to the Agreement shall become effective unless and until it is made in writing and duly signed by the Parties hereto.

  

	9.9	Without prior written consent of the Lender, the Borrowers may not assign any of its rights and/or obligations hereunder to any third party. The Lender shall be
entitled to, after notifying the other Parties, assign any of its rights and/or obligations hereunder to any third party designated by it. 

  

	9.10	The Agreement shall be binding upon the legitimate successors of each Party. 

 [The remainder of this page is intentionally left blank] 

  
 5 

 [Signature Page] 
 IN WITNESS WHEREOF, the Parties hereby execute the Agreement on the date first written above. 
 Ming XU 
 Signature: /s/ Ming
XU                                         
    
 Wei LIU 

Signature: /s/ Wei
LIU                                         
      
 Conew Network Technology (Beijing) Co., Ltd. 

(Stamp) 
 Signature: /s/ Common Seal of Conew
Network Technology (Beijing) Co., Ltd. 
 Name: Sheng FU 
 Title: Legal Representative 

 Annex I 
 Borrowers 
  

							
	 No.
	  	 Name
	  	 ID Card No.
	  	 Loan Amount (RMB)

	1	  	Ming XU	  	***	  	RMB 5 million
	2	  	Wei LIU	  	***	  	RMB 5 million

  
 1

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