Document:

EX-4.59

 Exhibit 4.59 

Amended and Restated Loan Agreement 
 This
Amended and Restated Loan Agreement (this “Agreement”) is made as of May 7, 2018 in Beijing, by and between: 
  

					
	Party A:	  	Baidu Online Network Technology (Beijing) Co., Ltd.
		  	Registered Address: 3/F, No. 10 Shangdi 10th Street, Haidian District, Beijing
			
	 Party B:
	  	 Yanhong Li
	  	
		  	ID Card No.

 WHEREAS: 
  

	 	1.	 Party A is a wholly foreign-owned enterprise incorporated under the laws of the People’s Republic of China
(the “PRC”); 

  

	 	2.	 Party B is a Chinese citizen holding 99.5% equity interests in Beijing Baidu Netcom Science Technology Co.,
Ltd. (“Baidu Netcom”); and 

  

	 	3.	 Party A and Party B have entered into an Loan Agreement dated March 31, 2018 (the “Original Loan
Agreement”), under which Party A lent a loan equal to RMB2,160,423,600 to Party B for payment of the price of its acquiring 99.5% equity interests in Baidu Netcom. Party A and Party B intend to enter into this Agreement to replace the
Original Loan Agreement and set forth their respective new rights and obligations. 

 NOW, THEREFORE, Party A and Party B agree as
follows through negotiations: 
  

	 	1.	 Pursuant to the terms and subject to the conditions of this Agreement, Party A agrees to provide to Party B and
Party B agrees to accept, a loan at an aggregate amount of RMB6,389,173,600. 

  

	 	2.	 Party B confirms its receipt of the loan and has applied the loan in its entirety to pay the price for its
acquiring equity interests in Baidu Netcom. 

  

	 	3.	 The term of the loan under this Agreement shall commence on the day of receipt of the loan by Party B until the
10th anniversary of the date on which this Agreement is executed, which term is renewable upon agreement by the Parties in writing; provided, however, that the loan provided
hereunder could be accelerated for immediate repayment by Party B pursuant to this Agreement at the request of Party A in writing at any time during the term of the loan or any renewal thereof if: 

 

	 	(1)	 Party B resigns from or is dismissed by Party A or any affiliate of Party A; 

 

	 	(2)	 Party B is dead, without civil legal capacity or with limited civil legal capacity; 

	 	(3)	 Party B is found with criminal offense or involvement therein; 

 

	 	(4)	 A claim is raised against Party B by any third party for an amount exceeding RMB100,000; or

  

	 	(5)	 Subject to the laws of the PRC, Party A or any of its nominees may make investment in Baidu Netcom for
operation of value-added telecommunication services and other services, such as internet information services, and Baidu, Inc. or any of its nominees has elected to exercise its option by issuing a written notice to Party B to purchase the equity
interests in Baidu Netcom under the Amended and Restated Exclusive Equity Purchase and Transfer Option Agreement referenced in article 4 hereof. 

  

	 	4.	 It is agreed and acknowledged that, subject to and to the extent permitted by the laws of the PRC, Baidu, Inc.,
as the holding company of Party A, shall have the right but no obligation to purchase or nominate any other person (including any natural person, legal entity or other entity) to purchase all or any part of the equity interests in Baidu Netcom held
by Party B (the “Call Option”), provided that Baidu, Inc. shall issue a written notice to Party B to exercise the Call Option. Upon Baidu, Inc.’s issuance of such written notice, Party B shall, as requested and instructed by
Party A, immediately transfer all of its equity interests in Baidu Netcom to Baidu, Inc. or any of its nominees at the original investment price (the “Original Investment Price”) or any other price acceptable to Baidu, Inc. required
under applicable laws. It is agreed and acknowledged that upon exercising the Call Option by Baidu, Inc., if the lowest price of the equity interests permitted under applicable laws is higher than the Original Investment Price, the price payable by
Baidu, Inc. or any of its nominees shall be the lowest price permitted under applicable laws. The Parties agree to enter into an Amended and Restated Exclusive Equity Purchase and Transfer Option Agreement with respect to the foregoing in this
Article 4. 

  

	 	5.	 It is agreed and acknowledged that Party B shall repay the loan only as follows: upon its maturity and at the
request of Party A in writing, the loan provided hereunder shall be repaid by Party B (or any of its heirs, successors or assigns) with the proceeds from transfer of its equity interests in Baidu Netcom to Baidu, Inc. or any of its nominees to the
extent permitted under the PRC laws, or otherwise agreed by the Parties. 

  

	 	6.	 It is agreed and acknowledged that in connection with transfer of the equity interests by Party B to Baidu,
Inc. or any of its nominees upon maturity of the loan, if the proceeds from such transfer are legally required to or otherwise exceed the principal of the loan, Party B agrees to pay such excess amount, net of any individual income tax and other
taxes and fees payable by Party B, to Baidu, Inc. or any of its nominees at sole decision of Baidu, Inc. to the extent permissible by the law. 

  
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	 	7.	 It is agreed and acknowledged that Party B shall not be deemed to have fulfilled its obligations under this
Agreement until: 

  

	 	(1)	 it has transferred all of its equity interests in Baidu Netcom to Baidu, Inc. or any of its nominees; and

  

	 	(2)	 it has paid to Party A all of the proceeds from the equity interest transfer or the maximum amount thereof
permitted under applicable laws (including principal and the highest interest accrued thereupon permitted under applicable laws) as repayment of the loan. 

  

	 	8.	 To secure performance of its obligations under this Agreement, Party B agrees to pledge all of his equity
interests in Baidu Netcom to Party A (the “Equity Pledge”). It is acknowledged that an Amend and Restated Equity Pledge Agreement in respect of the foregoing in this Article 8 has been made as of [    ], 2018.

  

	 	9.	 As of the date hereof, Party A represents and warrants to Party B that: 

 

	 	(1)	 Party A is a wholly foreign-owned enterprise incorporated and validly existing under the laws of the PRC;

  

	 	(2)	 Party A has the right to execute and perform this Agreement. The execution and performance of this agreement by
Party A comply with its business scope, articles or any other organization document, and Party A has obtained all approvals and authorizations necessary and appropriate for its execution and performance of this Agreement; 

 

	 	(3)	 The principal of the loan to Party B is legally owned by Party A; 

 

	 	(4)	 Execution and performance of this Agreement by Party A does not violate any law, regulation, approval,
authorization, notice or other governmental document by which it is bound or affected, or any agreement between Party A and any third party, or any covenant made by Party A to any third party; and 

 

	 	(5)	 This Agreement, once executed, shall constitute legal, valid obligations of Party A and enforceable against
Party A in accordance with its terms. 

  

	 	10.	 As of the date hereof until the end of this Agreement, Party B represents and warrants to Party A that:

  

	 	(1)	 Baidu Netcom is a limited liability company incorporated and validly existing under the laws of the PRC and
Party B is a legal holder of the equity interests in Baidu Netcom; 

  

	 	(2)	 Party B has the right to execute and perform this Agreement. The execution and performance by Party B of this
Agreement comply with the articles or any other organizational document of Baidu Netcom, and Party B has obtained all approvals and authorizations necessary and appropriate for its execution and performance of this Agreement; 

  
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	 	(3)	 Execution and performance of this Agreement by Party B does not violate any law, regulation, approval,
authorization, notice or other governmental document by which it is bound or affected, or any agreement between Party B and any third party, or any covenant made by Party B to any third party; 

 

	 	(4)	 This Agreement, once executed, shall constitute legal, valid obligations of Party B and enforceable against
Party B in accordance with its terms; 

  

	 	(5)	 Party B has made all contributions required by law for its holding equity interests in Baidu Netcom;

  

	 	(6)	 Unless otherwise provided under the Amended and Restated Equity Pledge Agreement and the Amended and Restated
Exclusive Equity Purchase and Transfer Option Agreement, Party B does not create any mortgage, pledge or other security over its equity interests in Baidu Netcom, or make any offer to any third party to transfer its equity interests, or make any
promise as to any offer to purchase its equity interests from any third party, or execute any agreement with any third party to transfer its equity interests; 

 

	 	(7)	 There are no pending or potential disputes, litigation, arbitration, administrative proceedings or other legal
proceedings in connection with the equity interests in Baidu Netcom held by Party B; and 

  

	 	(8)	 Baidu Netcom has completed all necessary governmental approvals, licenses, registrations and filings.

  

	 	11.	 Party B undertakes that during the term of this Agreement, it shall: 

 

	 	(1)	 not sell, transfer, pledge or otherwise dispose of its equity interests or other interests in Baidu Netcom, or
to allow creation of any other security interest thereupon without the prior written consent of Party A, except for the equity pledge or other right created for the benefit of Party A; 

 

	 	(2)	 not vote for, support or execute any shareholder resolutions at Baidu Netcom’s shareholder’s meetings
permitting sale, transfer, pledge or other disposal of any of its legal or beneficiary ownership of the equity interests in Baidu Netcom or creation of any other security interest thereupon without the prior written consent of Party A, except for
those made to Party A or any of its nominees; 

  

	 	(3)	 not vote for, support or execute any shareholder resolutions at Baidu Netcom’s shareholder meetings
permitting Baidu Netcom to merge or combine with, or acquire or invest in, any person without Party A’s prior written consent; 

  

	 	(4)	 promptly inform Party A of any pending or threatened litigation, arbitration or administrative proceeding
relating to the equity interests of Baidu Netcom; 

  
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	 	(5)	 execute all necessary or appropriate documents, take all necessary or appropriate actions and bring all
necessary or appropriate lawsuits or make all necessary and appropriate defenses against all claims in order to maintain its ownership of equity interests in Baidu Netcom; 

 

	 	(6)	 refrain from any act and/or omission that may materially affect the assets, business and liabilities of Baidu
Netcom without the prior written consent of Party A; 

  

	 	(7)	 appoint any person nominated by Party A as executive director of Baidu Netcom, upon Party A’s request;

  

	 	(8)	 in connection with Party A’s exercise of the Call Option provided hereunder, transfer promptly and
unconditionally all equity interests in Baidu Netcom held by Party B to Party A and/or any of its nominees, to the extent and within the scope permissible under the laws of the PRC; 

 

	 	(9)	 not request Baidu Netcom to distribute dividends or profits to it; 

 

	 	(10)	 upon transfer of its equity interests in Baidu Netcom to Party A or any of its nominees, pay the entire
proceeds received by it from transfer of the equity interests to Party A as repayment of the loan or otherwise to the extent permitted under the laws of the PRC; and 

 

	 	(11)	 strictly comply with the terms of this Agreement, perform the obligations under this Agreement, and refrain
from any act or omission that could affect the validity and enforceability of this Agreement. 

  

	 	12.	 Party B undertakes that in its capacity of a shareholder of Baidu Netcom and during the term of this Agreement,
it shall procure Baidu Netcom: 

  

	 	(1)	 not to supplement, amend or modify its articles of association, or increase or decrease its registered capital,
or to change its capital structure in any form without the prior written consent of Party A; 

  

	 	(2)	 to maintain its existence and handle matters prudently and affectively in accordance with good financial and
business rules and practices; 

  

	 	(3)	 not to sell, transfer, mortgage or otherwise dispose of, nor to permit the creation of any other security
interest on, any of its legal or beneficial interests in its assets, business or income without the prior written consent of Party A, at any time as of the date of this Agreement; 

 

	 	(4)	 not to incur, succeed, guarantee or permit the existence of any liabilities without the prior written consent
of Party A, except for any liabilities (i) arising from the ordinary or day-to-day course of business instead of through Party B; and (ii) disclosed to Party A
or approved by Party A in writing; 

  
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	 	(5)	 to operate all businesses on a continued basis and maintain the value of its assets; 

 

	 	(6)	 not to execute any material contracts (for the purpose of this Section 12(6), a contract will be deemed
material if its value exceeds RMB500,000) without the prior written consent of Party A, other than those executed during the ordinary course of business; 

  

	 	(7)	 to provide all information regarding its operations and financial affairs at Party A’s request;

  

	 	(8)	 not to merge or combine with, acquire or invest in, any other person without the prior written consent of Party
A; 

  

	 	(9)	 not to distribute dividends to the shareholders without the prior written consent of Party A, and upon Party
A’s request, to promptly distribute all distributable profits to the shareholders. 

  

	 	(10)	 to promptly inform Party A of any pending or threatened litigation, arbitration or administrative proceeding
relating to its assets, business or revenue; 

  

	 	(11)	 to execute all necessary or appropriate documents, take all necessary or appropriate actions and bring all
necessary or appropriate lawsuits or make all necessary and appropriate defenses against all claims in order to maintain its ownership of its assets; and 

  

	 	(12)	 to strictly comply with the terms of the Exclusive Technology Consulting and Services Agreement dated
March 1, 2004, the Exclusive Technology Consulting and Services Supplementary Agreement dated August 9, 2004, and the Exclusive Technology Consulting and Services Agreement dated March 22, 2005, each by Baidu Netcom and Party A
(collectively, the “Service Agreement”) and other agreements, duly perform its obligations thereunder, and refrain from any act or omission that could affect the validity and enforceability thereof. 

 

	 	13.	 This Agreement is binding upon, and inures the benefit of, each of the Parties and their respective heirs,
successors and permitted assigns. Without prior written consent of Party A, Party B shall not transfer, pledge or otherwise assign any of its rights, interests or obligations hereunder. 

 

	 	14.	 Party B agrees that Party A may assign its rights and obligations hereunder to a third party by a written
notice to Party B when it considers necessary. No further consent from Party B is required for such transfer. 

  
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	 	15.	 Execution, validity, interpretation, performance, amendment, termination and dispute resolution of this
Agreement are governed by the laws of the PRC. 

  

	 	16.	 Arbitration 

  

	 	(1)	 Both Parties shall strive to resolve any dispute, conflicts, or claims arising from the interpretation or
performance (including any issue relating to the existence, validity and termination) of this Agreement through negotiations in good faith. If no resolution is made within thirty (30) days after one Party requests for such resolution, either
Party may submit such matter to China International Economic and Trade Arbitration Commission (the “CIETAC”) in accordance with its then-effect rules. The arbitration award shall be final and conclusive and binding upon the Parties.

  

	 	(2)	 The place of the arbitration shall be Beijing. 

 

	 	(3)	 The arbitration language shall be Chinese. 

 

	 	17.	 This Agreement shall be made as of the date of its execution, and the Parties agree and confirm that the terms
and conditions of this Agreement will become effective from the date when Party B receives the loan and expire on the date when each Party has completed its obligations hereunder. 

 

	 	18.	 Party B shall not terminate or revoke this Agreement under any circumstances unless (1) Party A is found
with gross negligence, fraud, or other material misconduct; or (2) Party A is in bankruptcy. 

  

	 	19.	 This Agreement shall not be amended or modified without the written consent of the Parties hereto. Any matters
not agreed upon in this Agreement may be supplemented by all Parties through the execution of a written agreement. The above amendments, modifications, supplements and any attachment of this Agreement shall be integral parts of this Agreement.

  

	 	20.	 This Agreement constitutes the entire agreements of the Parties with respect to the transaction herein and
supersedes all prior verbal discussions and written agreements between the Parties, including without limitation the Original Loan Agreement. The Original Loan Agreement shall terminate as of the date on which this Agreement becomes effective and
cease to have any effect upon the Parties. 

  

	 	21.	 This Agreement is severable. The invalidity or unenforceability of any term shall not affect the validity or
enforceability of the remainder of this Agreement. 

  

	 	22.	 Each Party shall strictly protect the confidentiality of any information regarding the other Party’s
business, operation, financial situation or other confidential information obtained under this Agreement or during the performance of this Agreement. 

  
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	 	23.	 Any obligation that is accrued or becomes due prior to expiry or early termination of this Agreement shall
survive such expiry or early termination. Sections 15, 16, and 22 shall survive expiry or termination of this Agreement. 

  

	 	24.	 This Agreement shall be executed in two originals, and each Party shall hold one thereof. Both originals shall
have the same legal effect. 

 (No text below) 

  
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 [Signature page only] 

IN WITNESS WHEREOF, each Party has executed or caused this Agreement to be executed by its legal or authorized representative on its behalf as of the
date first written above. 
  

			
	Party A:
	
	Baidu Online Network Technology (Beijing) Co., Ltd. (seal)
		
	Signature:	 	 /s/ Legal representative/authorized representative

	
	Party B:
	
	Yanhong Li
		
	Signature:	 	 /s/ Yanhong Li

  
 9EX-4.60

 Exhibit 4.60 

Proxy Agreement 
 This Proxy Agreement
(this “Agreement”) is made as of March 31, 2018 in Beijing, the People’s Republic of China (“PRC,” for purposes of this Agreement, excluding Hong Kong, Macau and Taiwan) by and between: 

 

			
	Party A:	 	Baidu, Inc., with registered address at M&C Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands;

 And 
  

			
	Party B:	 	Yanhong Li, with ID No.

 WHEREAS: 
  

	1.	 Party B is a citizen of the PRC and shareholder of Beijing Baidu Netcom Science Technology Co., Ltd.
(“Baidu Netcom”). As of the date hereof, Party B holds 99.5% equity interests in Baidu Netcom (“Party B’s Equity”). 

  

	2.	 Pursuant to the terms and subject to the conditions of this Agreement, Party B agrees to authorize a PRC
company or individual designated by Party A to exercise its rights as a shareholder of Baidu Netcom on its behalf, and Party A agrees to accept such authorization. 

NOW, THEREFORE, the Parties hereby agree as follows: 
  

	1.	 Party B hereby agrees to irrevocably authorize any entity or individual designated by Party A to exercise on
its behalf all of the voting and other rights as a shareholder empowered by the law and Baidu Netcom’s articles of association at the shareholders’ meeting of Baidu Netcom, including without limitation any right regarding sale, transfer,
pledge or disposal of all or part of Party B’s equity interests in Baidu Netcom; convening, attending and presiding over shareholders’ meeting of Baidu Netcom as an authorized representative of Baidu Netcom’s shareholders; electing
and replacing any executive director, director, supervisor, principal and other senior management; considering and approving profit distribution and loss make-up plans of Baidu Netcom; adopting resolution
regarding merger, division, liquidation or change of status of Baidu Netcom; deciding upon the business strategy and investment plan of Baidu Netcom; and amending articles of association of Baidu Netcom. 

 

	2.	 Party A agrees to designate any entity or individual permitted under applicable laws to accept the
authorization of Party B under Article 1 hereof, and such entity or individual shall exercise Party B’s voting and other rights as a shareholder on behalf of Party B under this Agreement. As of the date hereof, Party A hereby designates Hailong
Xiang as the authorized individual to exercise voting and other rights as a shareholder on behalf of Party B under this Agreement. For avoidance of any doubt, Party A shall have the discretion to replace any entity or individual designated by it or
designate any other entity or individual to exercise such voting and other rights on behalf of Party B. 

	3.	 Party B hereby acknowledges that, regardless of any change of its equity interests in Baidu Netcom, any entity
or individual designated by Party A shall be authorized to exercise all of the voting and other rights as a shareholder on behalf of Party B. 

  

	4.	 Party B hereby acknowledges that if Party A withdraws its designation of the authorized entity or individual,
it shall immediately withdraw its authorization to such entity or individual, and authorize any other entity or individual designated by Party A to exercise all of its voting and other rights as a shareholder at the shareholders’ meeting of
Baidu Netcom. During the term of this Agreement, Party B waives and cease to exercise by itself any and all of the rights relating to Party B’s Equity that have been authorized to Party A under this Agreement. 

 

	5.	 This Agreement shall be effective upon execution by the Parties or their respective legal or authorized
representatives as of the date first written above. This Agreement shall remain permanently valid unless otherwise expressly provided hereunder or terminated by Party A in writing. If any Party’s operating term expires during the term of this
Agreement, such Party shall timely renew its operating term to enable this Agreement to be continually valid and implementable. If any Party’s application to renew its operating term fails to obtain approval or consent from competent authority,
this Agreement shall terminate upon the end of such Party’s operating term, unless such Party has transferred its rights and obligations pursuant to Article 10 hereof. 

 

	6.	 This Agreement shall remain valid as long as Party B is a holder of any equity interest in Baidu Netcom. During
the term of this Agreement, unless otherwise required by law, Party B may not cancel, early terminate or end this Agreement. Notwithstanding the foregoing, Party A shall have the right to terminate this Agreement at any time with a written notice to
Party B no less than thirty (30) days in advance. 

  

	7.	 No amendment to this Agreement shall be made unless by agreement of the Parties in writing. Any duly executed
amendment or supplement hereto by the Parties is an integral part of, and shall have the same binding effect with, this Agreement. 

  

	8.	 Should any provision hereof be held invalid or unenforceable due to its inconsistency with any applicable law,
such provision shall be deemed invalid only to the extent governed by such law without affecting the validity of the remainder hereof. 

  

	9.	 All notices or other correspondences required to be sent by any Party hereunder shall be made in Chinese and
delivered to the following addresses of the other Party or any other address designated and notified to such Party from time to time by hand, mail or fax. The notices shall be deemed to have been duly served (a) on the day of delivery if it is
sent by hand, (b) on the tenth (10th) day after it is sent by post-prepaid registered airmail (with marking of the mailing day on the postmark), or on the fourth (4th) day after the notice is handed to an internationally recognized express delivery service; (c) at the time of receipt shown on the transmission acknowledgement if it is sent by fax; and
(d) on the day of successful delivery if it is delivered by electronic mail evidenced by the confirmation generated from the mail delivery system or without receipt of delivery failure or return message from the mail delivery system within 24
hours. 

  
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	    	 	Party A:	  	Baidu, Inc.
		 	Address:	  	M&C Services Limited, PO Box 309, Ugland House, Grand Cayman,

 KY1-1104, Cayman Islands 

					
	    	 	Attention:	  	Yanhong Li

 Fax: 

Tel: 
 Party B: 

Yanhong Li 
 Address: 

Fax: 
 Tel: 

 

	10.	 Unless with Party A’s prior written consent, Party B shall not transfer its rights and obligations
hereunder to any third party. Party B hereby agrees that Party A may assign its rights and obligations under this Agreement at its own discretion provided that Party A is required to give a written notice to such effect to Party B, and no further
consent of Party B is required thereof. 

  

	11.	 Both Parties acknowledge and confirm that any oral or written information exchanged between the Parties in
connection with this Agreement are confidential, and both Parties shall keep all such information confidential and not disclose any such information to any third person, except for the information which: (a) is known or will be known by the
public (not resulting from unauthorized disclosure by the Party receiving such information); (b) is required to be disclosed by applicable laws or rules or regulations of a stock exchange; or (c) needs to be disclosed to a Party’s legal or
financial advisor in connection with the transaction contemplated hereby, provided that such advisor shall be subject to confidential obligations similar to those provided in this Article. Disclosure by any employee of or entity engaged by any Party
shall be deemed disclosure by such Party, and such disclosing Party shall be held liable for breach of this Agreement. This Article shall survive any invalidity, amendment, termination, dissolution or unenforceability of this Agreement for any
reason whatsoever. 

  

	12.	 

  

	 	(1)	 The formation, validity, interpretation, performance, amendment and termination of and resolution of any
dispute under this Agreement shall be governed by the laws of the PRC. 

  

	 	(2)	 Any dispute arising in connection with the interpretation and performance of the provisions of this Agreement
shall first be resolved by the Parties in good faith through negotiations. If negotiations fail, any Party may submit such dispute to China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration
rules then in effect. The arbitration shall be held in Beijing and the arbitration language shall be Chinese. The arbitral award shall be final and binding upon both Parties. 

 

	13.	 This Agreement, once becoming effective, constitutes the entire agreements and understandings between the
Parties with respect to the subject matter hereof, and supersedes in their entirety all prior oral and written agreements and understandings between the Parties with respect to the subject matter hereof. 

  
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	14.	 This Agreement shall be executed in two originals, and each Party shall hold one
thereof.    Both originals shall have the same legal effect. 

 (No text below) 

  
 4 

 (Signature page) 

IN WITNESS WHEREOF, each Party has executed or caused this Agreement to be executed by its legal or authorized representative on its behalf as of the
date first written above. 
  

			
	Party A:
	
	Baidu, Inc.
		
	Signature:	 	 /s/ Yanhong Li

	Title:	 	Director

  

			
	Party B:
	
	Yanhong Li
		
	Signature:	 	 /s/ Yanhong Li

  

  
 5

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