Document:

EX-4.82

 Exhibit 4.82 

EQUITY PLEDGE AGREEMENT 
 This Equity
Pledge Agreement (this “Agreement”) is made as of June 28, 2018 in Beijing, PRC by and between: 
  

			
	Pledgee:	  	
		
	Party A:	  	Baidu Online Network Technology (Beijing) Co., Ltd.
	Registered Address:	  	3/F, Baidu Building, No. 10 Shangdi 10th Street, Haidian District, Beijing;
		
	And	  	
		
	Pledgor:	  	
		
	Party B:	  	Lu Wang
	ID No.	  	
	Address:	  	

 WHEREAS: 
 1. Party A is
a wholly foreign-owned enterprise registered in Beijing, the People’s Republic of China (the “PRC”). 
 2. Party B is a citizen of the PRC
holding 50.0% equity interests in Beijing Perusal Technology Co., Ltd. (“Beijing Perusal”), a limited liability company registered in Beijing, the PRC. 

3. Party A and Party B entered into a Loan Agreement dated June 28, 2018 (the “Loan Agreement”), whereby Party B obtains a loan (the “Loan
Arrangement”) up to a total amount of RMB1,598,440,000 (the “Loan”). 
 4. Party A and Beijing Perusal entered into an Exclusive Technology
Consulting and Services Agreement dated June 23, 2006 (the “Services Agreement”) with permanent term, pursuant to which Beijing Perusal shall pay Party A technical consulting and services fees (the “Service Fees”) for the
technology consulting and services provided by Party A. 
 5. In order to ensure that Party B will perform its obligations under the Loan Agreement and Party
A will be able to collect the Service Fees from Beijing Perusal, Party B agrees to pledge its equity interests in Beijing Perusal (i.e., a registered capital equal to RMB1,580,000,000) as security for the Loan (i.e., RMB1,598,440,000) and other
obligations under the Loan Arrangement and the Service Agreement. Party A and Party B intend to enter into this Agreement to specify their respective rights and obligations in respect of such pledge. 

 NOW THEREFORE, the Pledgee and the Pledgor agree as follows through negotiations: 

1. Definitions 
 Unless otherwise provided in this
Agreement, the following terms shall have the following meanings: 
 1.1 “Pledge”: refers to the full content of Article 2 hereunder. 

1.2 “Equity Interests”: refers to all of the equity interests in Beijing Perusal legally held by the Pledgor (for purpose of this Agreement, the
Equity Interests pledged herein means the registered capital equal to RMB1,580,000,000). 
 1.3 “Ratio of Pledge”: refers to the proportion of the
value of the Pledge under this Agreement to the total amount of the Service Fees and the Loan. 
 1.4 “Term of Pledge”: refers to the period
provided for under Article 3.2 hereunder. 
 1.5 “Principal Agreement”: refers to the Services Agreements and the agreements under the Loan
Arrangement. 
 1.6 “Event of Default”: refers to any event listed in Article 7.1 hereunder. 

1.7 “Notice of Default”: refers to the notice of default issued by the Pledgee in accordance with this Agreement. 

2. Pledge 
 The Pledgor will pledge all of his
Equity Interests in Beijing Perusal (i.e., a registered capital equal to RMB1,580,000,000) to the Pledgee as security for (i) all his obligations under the Loan Arrangement (i.e., RMB1,598,440,000) and (ii) all obligations of Beijing
Perusal under the Services Agreement (the “Secured Obligations”). “Pledge” refers to the priority entitled to the Pledgee in receiving proceeds from disposal of all or part of the Equity Interests at a discounted value, or
auction or sale of the Equity Interests pledged hereunder. 
 3. Ratio of Pledge and Term of Pledge 

3.1 Ratio of the Pledge 
 The Ratio of the Pledge shall be
approximately 100%. 
 3.2 Term of the Pledge 
 3.2.1 The Pledge
shall take effect as of the date when the pledge of the Equity Interest is recorded in the Register of Shareholders of Beijing Perusal and registered with the competent industrial and commercial authority, and shall remain in effect until two
(2) years after all Secured Obligations under the Principal Agreement have been fulfilled. 

  
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 3.2.2 During the term of the Pledge, the Pledgee shall be entitled to dispose of the Pledge in accordance
with this Agreement in the event that the Pledgor fails to perform his obligations under the Loan Arrangement or Beijing Perusal fails perform its obligations under the Services Agreement. 

4. Possession of Pledge Documents 
 4.1 During the
Term of Pledge under this Agreement, the Pledgor shall deliver its capital contribution certificate and the register of shareholders of Beijing Perusal to the possession of the Pledgee within one (1) week from the date of this Agreement. 

4.2 The Pledgee shall be entitled to receiving dividends arising from the Equity Interests. 

4.3 The Pledge under this Agreement will be recorded in the Register of Shareholders of Beijing Perusal (See Appendix I) after the date of this Agreement. 

5. Representations and Warranties of the Pledgor 

5.1 The Pledgor is the legal owner of the Equity Interests and has approved the Pledge with resolutions adopted at its shareholders meeting (See Appendix II).

 5.2 Except for the benefit of the Pledgee, no other pledge or security has been created upon the Equity Interests. 

6. Covenants of the Pledgor 
 6.1 During the term of
this Agreement, the Pledgor covenants for its benefits of the Pledgee that the Pledgor shall: 
 6.1.1 not transfer or assign the Equity Interests, create or
permit creation of any other pledge which could affect the rights or benefits of the Pledgee without prior written consent of the Pledgee; 
 6.1.2 comply
with and implement the laws and regulations with respect to the pledge of rights; present to the Pledgee the notices, orders or suggestions with respect to the Pledge issued or made by relevant government authorities within five (5) days upon
receiving such notices, orders or suggestions; comply with such notices, orders or suggestions or, alternatively, at the reasonable request of the Pledgee or with consent from the Pledgee, raise objection to such notices, orders or suggestions; and

 6.1.3 timely notify the Pledgee of any event or any notice to its knowledge which may affect the Pledgor’s right to all or any part of the Equity
Interests, and any event or any notice to its knowledge which may change the Pledgor’s warranties and obligations under this Agreement or affect the Pledgor’s performance of its obligations under this Agreement. 

  
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 6.2 The Pledgor agrees that the Pledgee’s right to the Pledge under this Agreement shall not be
disrupted or prejudiced by any legal proceeding initiated by the Pledgor or any successor of the Pledgor or any person authorized by the Pledgor or any other person. 

6.3 The Pledgor promises to the Pledgee that in order to protect or perfect the security for the payment of the Loan and the Services Fees, the Pledgor shall
execute in good faith and cause other parties who have interests in the Pledge to execute, all title certificates and contracts and/or to perform any other actions (and cause other parties who have interests to take action) as required by the
Pledgee and facilitate the exercise of the rights and authorization vested in the Pledgee under this Agreement. 
 6.4 The Pledgor promises to the Pledgee
that he will execute all amendment (if applicable and necessary) in connection with the certificate of the Equity Interests with the Pledgee or its designated person (being a natural person or a legal entity) and, within a reasonable period, provide
to the Pledgee all notices, orders and decisions about the Pledge as the Pledgee deems necessary. 
 6.5 The Pledgor promises to the Pledgee that he will
comply with and perform all the guarantees, covenants, warranties, representations and conditions for the benefit of the Pledgee. The Pledgor shall indemnify the Pledgee for all losses suffered by the Pledgee due to the Pledgor’s failure to
perform in whole or in part its guarantees, covenants, warranties, representations and conditions. 
 6.6 During the term of this Agreement, the Pledgor will
not make any action/omission which may affect the value of the Equity Interests so as to maintain or increase the value. The Pledgor shall timely notify the Pledgee of any event which may decrease the value of the Equity Interests or affect the
Pledgor’s performance of the obligations under this Agreement, and shall provide assets acceptable to the Pledgee as guarantee for the decreased value of the Equity Interests upon the Pledgee’s request. 

6.7 To the extent permitted under applicable laws or regulations, the Pledgor shall make best efforts to cooperate with all the registration, filing or other
procedures relating to the Pledge as required by relevant laws and regulations. 
 7. Event of Default 

7.1 Each of the following events shall be regarded as an Event of Default: 

7.1.1 Pledgor fails to perform its obligations under the Loan Arrangement, including without limitation the obligation to repay the Loan of RMB1,598,440,000
under the Loan Agreement; 
 7.1.2 Beijing Perusal fails to make due and full payment of the Services Fees or perform other obligations under the Services
Agreement; 
 7.1.3 Any representation or warranty made by the Pledgor in Article 5 hereof is materially misleading or erroneous, and/or the Pledgor breaches
any warranty in Article 5 hereof; 

  
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 7.1.4 The Pledgor breaches any covenant under Article 6 hereof; 

7.1.5 The Pledgor breaches any other provision of this Agreement; 

7.1.6 The Pledgor waives the pledged Equity Interests or transfers or assigns the pledged Equity Interests without prior written consent from the Pledgee; 

7.1.7 Any of the Pledgor’s external loans, guaranties, compensations, undertakings or other obligations (1) is accelerated for repayment due to any
default; or (2) fails to be duly repaid or performed and makes the Pledgee believe that the Pledgor’s ability to perform the obligations hereunder has been affected; 

7.1.8 Beijing Perusal is incapable of repaying its general debts or other debts; 

7.1.9 This Agreement becomes illegal or the Pledgor is not capable of continuing to perform the obligations hereunder due to any reason other than a Force
Majeure event; 
 7.1.10 There have been adverse change to the properties owned by the Pledgor, causing the Pledgee to believe that the capability of the
Pledgor to perform the obligations hereunder has been affected; 
 7.1.11 The successor or receiver of Beijing Perusal only partially performs or refuses to
perform the payment obligation under the Services Agreement; and 
 7.1.12 The breach of the other provisions of this Agreement by the Pledgor due to its
action or omission. 
 7.2 The Pledgor shall immediately give a written notice to the Pledgee if it becomes knowledge of the Pledgor that any event specified
under Article 7.1 hereof or any event that may result in the foregoing events has occurred. 
 7.3 Unless an event of default under Article 7.1 hereof has
been resolved to the Pledgee’s satisfaction, the Pledgee, at any time when the event of default occurs thereafter, may give a written Notice of Default to the Pledgor, requiring the Pledgor to immediately make full payment of the outstanding
amount under the Loan Arrangement or under the Services Agreement or requesting to exercise the Pledge in accordance with Article 8 hereof. 
 8.
Exercise of the Pledge 
 8.1 The Pledgor shall not transfer or assign the Equity Interest without prior written consent from the Pledgee prior to the
full performance of his obligations under the Loan Arrangement and supplementary agreement and full payment of all Service Fees under the Services Agreement, whichever is later. 

  
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 8.2 The Pledgee shall give a Notice of Default to the Pledgor when the Pledgee exercises the Pledge. 

8.3 Subject to Article 7.3, the Pledgee may exercise the Pledge when the Pledgee gives a Notice of Default in accordance with Article 7.3 or at any time
thereafter. 
 8.4 The Pledgee is entitled to priority in receiving payment in the form of all or part of the Equity Interest at a discounted value, or from
the proceeds from the auction or sale of all or part of the Equity Interest in accordance with legal procedure, until the outstanding debt and all other payables of the Pledgor under Loan Arrangement and Services Agreement are repaid. 

8.5 The Pledgor shall not hinder the Pledgee from exercising the Pledge in accordance with this Agreement and shall give necessary assistance so that the
Pledgee could fully exercise its Pledge. 
 9. Assignment 

9.1 The Pledgor shall not assign or transfer its rights and obligations hereunder without prior consent from the Pledgee. 

9.2 This Agreement shall be binding upon the Pledgor and his successors and be binding on the Pledgee and each of its successors and permitted assigns. 

9.3 To the extent permitted by law, the Pledgee may transfer or assign any or all of its rights and obligations under the Loan Arrangement and supplementary
agreements to any person (natural person or legal entity) designated by it at any time. In that case, the assignee shall have the same rights and obligations as those of the Pledgee as if the assignee were an original party hereto. When the Pledgee
transfers or assigns the rights and obligations under the Services Agreement, Loan Arrangement and supplementary agreements, it is only required to provide a written notice to the Pledgor, and at the request of the Pledgee, the Pledgor shall execute
the relevant agreements and/or documents with respect to such transfer or assignment. 
 9.4 After the Pledgee has been changed as a result of a transfer or
an assignment, the new parties to the Pledge shall execute a new pledge contract. 
 10. Effectiveness and Term 

This Agreement is executed on the date first set forth above and becomes effective from the date when the pledge is recorded on Beijing Perusal’s Register
of Shareholders. 
 11. Termination 
 This
Agreement shall terminate when the loan under the Loan Arrangement and the Services Fees under the Services Agreement have been fully repaid and the Pledgor no longer has any outstanding obligations under the Loan Arrangement and Beijing Perusal no
longer has any outstanding obligations under the Services Agreement. The Pledgee shall cancel or terminate this Agreement as soon as reasonably practicable thereafter, . 

  
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 12. Fees and Other Charges 

12.1 The Pledgor shall be responsible for all of the fees and actual expenses in relation to this Agreement including, but not limited to, legal fees,
production costs, stamp tax and any other taxes and charges. If the Pledgee pays the relevant taxes in accordance with the laws, the Pledgor shall fully indemnify the Pledgee for such taxes paid by the Pledgee. 

12.2 In the event that the Pledgee has to make a claim against the Pledgor by any means as a result of the Pledgor’s failure to pay any tax or expense
payable by the Pledgor under this Agreement, the Pledgor shall be responsible for all the expenses arising from such claim (including but not limited to any taxes, handling fees, management fees, litigation fees, attorney’s fees, and various
insurance premiums in connection with the disposition of the Pledge). 
 13. Force Majeure 

13.1 A Force Majeure event refers to any unforeseen event that is beyond a party’s reasonable control and cannot be prevented with reasonable care, which
includes but is not limited to acts of governments, changes of law, acts of God, fires, explosions, typhoons, floods, earthquake, tides, lightning or war; provided, however, that any insufficiency of creditworthiness, capital or financing shall not
be regarded as an event beyond a party’s reasonable control. The affected party by Force Majeure shall promptly notify the other party of such event resulting in exemption. 

13.2 In the event that the affected party is delayed or prevented from performing its obligations under this Agreement by Force Majeure, and only to the extent
of such delay and prevention, the affected party shall not be liable for obligations under this Agreement. The affected party shall take appropriate measures to minimize or remove the effects of Force Majeure and attempt to resume performance of the
obligations that were delayed or prevented by the event of Force Majeure. After the event of Force Majeure is removed, both Parties agree to resume the performance of this Agreement using their best efforts. 

14. Confidentiality 
 The Parties acknowledge and
confirm that all the oral and written materials exchanged relating to this Agreement are confidential. Each party must keep such materials confidential and cannot disclose such materials to any other third party without the other party’s prior
written approval, unless: (a) the public knows or will know the materials (not due of the disclosure by the receiving party); (b) the disclosed materials are required by law or stock exchange rules to be disclosed; or (c) materials
relating to the transactions under this Agreement are disclosed to the Parties’ legal or financial advisors, who must keep them confidential as well. Disclosure of the confidential information by employees or institutions hired by the Parties
is deemed as an act by the Parties, therefore, subjecting them to liability. 

  
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 15. Dispute Resolution 

15.1 This Agreement shall be governed by and construed in accordance with PRC law. 

15.2 The Parties shall strive to resolve any dispute arising from the interpretation or performance of this Agreement through negotiations in good faith. If
the negotiations fail, either Party may submit such matter to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with its rules then in effect. The arbitration proceedings shall be
conducted in Chinese and shall take place in Beijing, PRC. The arbitral award shall be final and binding upon the Parties. 
 16. Notice 

Any notice which is given by the Parties hereto for the purpose of performing the rights and obligations hereunder shall be in writing. If such notice is
delivered personally, the time of notice is the time when such notice actually reaches the addressee; where such notice is transmitted by telex or facsimile, the notice time is the time when such notice is transmitted. If such notice does not reach
the addressee on a business day or reaches the addressee after business hours, the next business day following such day is the date of notice. The delivery place is the address first written above for each of the Parties hereto or the address
advised by such party in writing, including facsimile and telex, from time to time. 
  

			
	Party A:	  	Baidu Online Network Technology (Beijing) Co., Ltd.
	Address:	  	Baidu Building, No. 10 Shangdi 10th Street, Haidian District, Beijing
	Fax:	  	
	Telephone:	  	
		
	Party B:	  	Lu Wang
	Address:	  	
	Telephone:	  	

 17. Entire Agreement 

Notwithstanding provisions in Article 10 hereof, the Parties agree that this Agreement constitutes the entire agreements of the Parties hereto with respect to
the subject matter herein upon its effectiveness and supersedes and replaces all prior oral and/or written agreements and understandings relating to the subject matters of this Agreement. 

18. Severability 
 Should any provision of this
Agreement be held invalid or unenforceable because of inconsistency with applicable laws, such provision shall be invalid or unenforceable only to the extent of such applicable laws without affecting the validity or enforceability of the remainder
of this Agreement. 

  
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 19. Appendices 

The appendices to this Agreement shall constitute an integral part of this Agreement. 

20. Amendment or Supplement 
 20.1 The Parties may
amend or supplement this Agreement by written agreement. The amendments or supplements to this Agreement duly executed by both Parties shall form an integral part of this Agreement and shall have the same legal effect as this Agreement. 

20.2 This Agreement and any amendments, modifications, supplements, additions or changes hereto shall be in writing and shall be effective upon being executed
and sealed by the Parties hereto. 
 21. Counterparts 

This Agreement is made in Chinese in three originals, with each Party holding one thereof and the remainder filed with competent authority. All originals shall
have the same legal effect. 
 (No text below) 

  
 9 

 (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:	  	
		
	Lu Wang	  	
		
	Signature:	  	/s/ Lu Wang

  
 10 

 Appendices: 
  

	1.	 Register of Shareholders of Beijing Perusal Technology Co., Ltd. 

 

	2.	 Resolutions of the Shareholders’ Meeting of Beijing Perusal Technology Co., Ltd. 

  
 11 

 Appendix I 

Register of shareholders of Beijing Perusal Technology Co., Ltd. 

 

			
	Name of the Shareholder:	  	Zhixiang Liang
	ID number:	  	
	Residence:	  	
	Contribution Amount:	  	RMB1,580,000,000.00
	Percentage of Share Capital:	  	50%

  

			
	Name of the Shareholder:	  	Lu Wang
	ID number:	  	
	Residence:	  	
	Contribution Amount:	  	RMB1,580,000,000.00
	Percentage of Share Capital:	  	50%

 Zhixiang Liang holds 50% equity interests in Beijing Perusal Technology Co., Ltd., the entirety of which has been pledged to
Baidu Online Network Technology (Beijing) Co., Ltd. 
 Lu Wang holds 50% equity interests in Beijing Perusal Technology Co., Ltd., the entirety of which has
been pledged to Baidu Online Network Technology (Beijing) Co., Ltd. 
 Baidu Online Network Technology (Beijing) Co., Ltd. is the pledgee of 100% of the
equity interests in Beijing Perusal Technology Co., Ltd. 
  

			
	Beijing Perusal Technology Co., Ltd. (seal)
	
	Signature: /s/ Hailong Xiang
	Name:	  	Hailong Xiang
	Title:	  	Legal representative
	Date:	  	June 28, 2018

  
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 Appendix II 

Resolutions of the Shareholders’ Meeting of Beijing Perusal Technology Co., Ltd. 

In respect of the Equity Pledge Agreement dated June 28, 2018 between the shareholders of Beijing Perusal Technology Co., Ltd. (the “Company”)
and Beijing Online Network Technology (Beijing) Co., Ltd., a resolution is unanimously adopted at the shareholders’ meeting of the Company as follows: 

It is approved that the shareholders of the Company pledge all of their equity interests in the Company to Baidu Online Network Technology (Beijing) Co., Ltd.

 The resolution was signed and delivered dated June 28, 2018 by the undersigned shareholders. 

 

			
	Shareholders:
	
	Zhixiang Liang
	Signature:	  	/s/ Zhixiang Liang
		
	Lu Wang	  	
	Signature:	  	/s/ Lu Wang

  
 13EX-4.83

 Exhibit 4.83 

Termination Agreement of Current Control Contracts 

This Termination Agreement of Current Control Contracts (this “Agreement”) is made as of July 8, 2018 in Beijing, the People’s
Republic of China (the “PRC,” for purposes of this Agreement excluding Hong Kong, Macau and Taiwan) by and among: 
 Party A:
Baidu Inc., a company duly formed and validly existing under the laws of the Cayman Islands, with its registered address at M&C Corporate Services Limited, P.O. Box 309 GT, Ugland House, Grand Cayman,
KY1-1104, Cayman Islands. 
 Party B: Baidu Online Network Technology (Beijing) Co., Ltd., a limited
liability company duly formed and validly existing under the PRC laws, with its registered address at 3/F, Baidu Plaza, No. 10 Shangdi 10th Street, Haidian District, Beijing; 

Party C: Beijing BaiduPay Science and Technology Co., Ltd., a limited liability company duly formed and validly existing under the PRC laws, with
its registered address at 5/F, Block B, Baidu Plaza, No. 10 Shangdi 10th Street, Haidian District, Beijing; 

Party D: Zhixiang Liang, a PRC citizen, ID No.         ; 

Party E: Beijing Baidu Netcom Science Technology Co., Ltd., a limited liability company duly formed and validly existing under the PRC laws, with
its registered address at 2/F, Baidu Plaza, No. 10 Shangdi 10th Street, Haidian District, Beijing; 

Party F: An Yi Heng Tong (Beijing) Technology Co., Ltd., a limited liability company duly formed and validly existing under the PRC laws, with
its registered address at Section BE, 4/F, Building One, No. 10 Shangdi 10th Street, Haidian District, Beijing; 

And 
 Party G: Hailong Xiang, a PRC citizen, ID No.
        . 
 In this Agreement, each of the Parties above are collectively referred to as the “Parties,”
individually as a “Party,” and mutually as “Other Parties.” 
 WHEREAS: 

 

	(1)	 Each of Party A, Party B, Party C, Party D, Party E, Party F and Party G has signed the documents listed in
Exhibit 1 attached hereto (collectively the “Current Control Documents”; for avoidance of any doubt, “all” and/or “any” of the Current Control Documents referenced herein are limited to the documents listed in
Exhibit 1 attached hereto) prior to the date hereof; and 

	(2)	 Pursuant to the terms and subject to the conditions herein, each of the Parties agrees to terminate all of the
Current Control Documents. 

 NOW, THEREFORE, the Parties agree as follows through negotiations: 

 

	1.	 Termination of Current Control Documents 

 

	1.1	 Each of Party A, Party B, Party C, Party D, Party E, Party F and Party G hereby irrevocably agrees and
acknowledges that all of the Current Control Documents shall terminate and cease to have any effect as of the date hereof. 

  

	1.2	 As of the date hereof, each of Party A, Party B, Party C, Party D, Party E, Party F and Party G shall have no
right under all and/or any of the Current Control Documents, or be required to fulfill any obligation thereunder; provided, however, that any rights exercised and obligations fulfilled by each of the Parties on reliance of the Current
Control Documents shall remain valid, no Party is required to return any payment, income or interest of any kind received by it or in its actual possession on reliance of the Current Control Documents, and any amount which has become due and payable
among Party A, Party B, Party C, Party D, Party E, Party F and Party G shall be paid accordingly. 

  

	1.3	 Unless otherwise provided in Section 1.2 above, each of Party A, Party B, Party C, Party D, Party E, Party
F and Party G hereby irrevocably and unconditionally waives any dispute, claim, demand, right, obligation, liability, action, contract or cause of action of any kind or nature it had, has or may have against the Other Parties directly or indirectly
in connection with or arising from all and/or any of the Current Control Documents. 

  

	1.4	 Without prejudice to the generality of Sections 1.2 and 1.3 above, as of the date hereof, each of Party A,
Party B, Party C, Party D, Party E, Party F and Party G hereby waives any commitment, debt, claim, demand, obligation and liability of any kind or nature that such Party or any of its successors, heirs, assigns or estate executors had, has or may
have against the Other Parties and their respective current and past directors, officers, employees, counsels and agents, affiliates of the forgoing persons and the respective successors and assigns of each of the foregoing, in connection with or
arising from the Current Control Documents, including claims and cause of action at law or equity, whether initiated or not, absolute or contingent, known or unknown. 

 

	2.	 Representations and Warranties 

 

	2.1	 Mutual Representations and Warranties. Each of the Parties represents and warrants to the Other Parties
that: 

 (1) it has full legal rights, powers and authorities to execute this Agreement and all
contracts and documents referenced herein to which it is a party, and execution of this Agreement represents expression of its genuine intent; 

(2) none of its execution and performance of this Agreement will constitute breach of any organizational document to which it is a party or by
which it is bound, any agreement executed or permit obtained by it, or result in its breach of or requirement for it to obtain any judgment, ruling, order or consent issued by a court, government authority or regulatory body; and 

(3) it has obtained all consents, approvals and authorizations necessary for its valid execution of this Agreement, all contracts and documents
referenced herein to which it is a party, and for its compliance with and performance of its obligations hereunder and thereunder. 
  

	3.	 Covenants 

  

	3.1	 In order to duly terminate the rights and obligations under the Current Control Documents, each Party shall
execute all documents and take all actions that are necessary or advisable, provide active support for the Other Parties in obtaining relevant government approvals and/or registration documents and effecting relevant termination procedures
(including without limitation the procedures to cancel registered equity pledge). 

  

	4.	 Termination 

  

	4.1	 Except for the circumstances expressly provided herein, the Parties agree to terminate this Agreement:

 (1) by all of the Parties through negotiation, and all expenses and losses incurred therefrom shall be borne
respectively by the incurring Party; or 
 (2) by the non-defaulting Party if the intent of this
Agreement is incapable of fulfilment due to a Party’s breach of its obligations hereunder. 
  

	5.	 Breach Liabilities and Indemnification 

 

	5.1	 Any Party shall be deemed in breach of this Agreement if it breaches or fails to perform any of its
representations, warranties, covenants, obligations and liabilities set forth herein. 

  

	5.2	 Unless otherwise expressly agreed herein, any Party in breach of this Agreement shall indemnify the non-defaulting Party for any cost, liability or any loss (including without limitation any interest accrued therefrom and legal fees) incurred by the non-defaulting Party. The
total amount of indemnity payable by the defaulting Party to the non-defaulting Party shall be the loss arising from such breach. 

	6.	 Governing Law and Dispute Resolution 

 

	6.1	 The formation of this Agreement and its validity, interpretation, performance and resolution of any dispute
arising from this Agreement shall be governed by and construed in accordance with the laws of the PRC. 

  

	6.2	 All disputes arising from the performance of this Agreement or in connection with this Agreement shall be
resolved by the Parties through negotiations in good faith. 

  

	6.3	 Any Party may submit any dispute arising from this Agreement to China International Economic and Trade
Arbitration Commission (CIETAC) for arbitration in Beijing in accordance with its arbitration rules and procedures then in effect. The arbitral tribunal shall consist of three arbitrators appointed in accordance with the arbitration rules, with one
arbitrator appointed by the claimant, one arbitrator by the respondent and the third arbitrator by the two appointed arbitrators after consultation or by the CIETAC. The arbitration shall proceed on confidential basis in Chinese. The arbitral award
shall be final and binding upon all Parties. 

  

	6.4	 During the arbitration, except the matters under dispute and pending arbitration, each Party shall continue to
exercise its other rights and fulfill its other obligations hereunder. 

  

	7.	 Confidentiality 

 

	7.1	 The Parties shall be obliged to keep confidential this Agreement and matters relating to this Agreement, and
none of the Parties may disclose any matter relating hereto to a third party other than the Parties hereto without the written consent of the Other Parties, except for any disclosure: 

(1) to the auditor, legal advisor and any other person engaged by it in the ordinary course of business, provided that such person shall be
obliged to keep in confidence any information relating to this Agreement acquired by it during such engagement; and 
 (2) which could be
otherwise accessible by the public, or is expressly required by law, regulation or relevant stock exchange authority. 
  

	8.	 Miscellaneous 

 

	8.1	 This Agreement shall become effective upon signature of all of the Parties. 

 

	8.2	 The Parties may amend or modify this Agreement through negotiations. Any such amendment or modification shall
be made in writing and become effective upon signature of all of the Parties. 

	8.3	 If any provision hereof be held invalid or unenforceable, such provision shall be deemed to have never existed
herein and have no effect upon validity of the remainder of this Agreement, and the Parties shall negotiate to provide for a new provision to the extent permissible by law to ensure that the intent of the original provision be realized to the
maximum extent. 

  

	8.4	 Unless otherwise provided herein, no failure or delay in exercising any right, power or privilege hereunder by
a Party shall operate as its waiver of such right, power or privilege, nor shall single or partial exercise of such right, power or privilege preclude the exercise of any other right, power and privilege. 

 

	8.5	 This Agreement is made in seven originals with one thereof for each Party, and each of the originals shall be
equally binding. 

 (No text below, Signatures to follow) 

 IN WITNESS WHEREOF, each Party has executed or caused this Termination Agreement of Current Control
Contracts to be executed by its authorized representative on its behalf as of the date first written above with immediate effect. 
  

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

	Name:	 	
	Title:	 	Director
	
	Party B:
	
	Baidu Online Network Technology (Beijing) Co., Ltd. (seal)
		
	Signature:	 	 /s/ Hailong Xiang

	Name:	 	
	Title:	 	Legal Representative
	
	Party C:
	
	Beijing BaiduPay Science and Technology Co., Ltd. (seal)
		
	Signature:	 	 /s/ Zhixiang Liang

	Name:	 	
	Title:	 	Legal Representative
	
	Party D:
	
	Zhixiang Liang
		
	Signature:	 	 /s/ Zhixiang Liang

	
	Party E:
	
	Beijing Baidu Netcom Science Technology Co., Ltd. (seal)
		
	Signature:	 	 /s/ Zhixiang Liang

	Name:	 	
	Title:	 	Legal Representative

			
	
	Party F:
	
	An Yi Heng Tong (Beijing) Technology Co., Ltd. (seal)
		
	Signature:	 	 /s/ Haibo Fu

	Name:	 	
	Title:	 	Legal Representative
	
	Party G:
	
	Hailong Xiang
		
	Signature:	 	 /s/ Hailong Xiang

 Exhibit 1 

List of Current Control Documents 
  

							
	 No.
	  	 Document Name
	  	 Signed by
	  	Signed on
	1	  	Exclusive Technology Consulting and Services Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Beijing BaiduPay Science and Technology Co., Ltd.	  	February 28, 2008
				
	2	  	Web Layout Copyright License Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Beijing BaiduPay Science and Technology Co., Ltd.	  	February 28, 2008
				
	3	  	Supplementary Agreement to the Exclusive Technology Consulting and Services Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Beijing BaiduPay Science and Technology Co., Ltd.	  	April 22, 2010
				
	4	  	Supplementary Agreement II to the Exclusive Technology Consulting and Services Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Beijing BaiduPay Science and Technology Co., Ltd.	  	September 6, 2011
				
	5	  	Supplementary Agreement I to Web Layout Copyright License Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Beijing BaiduPay Science and Technology Co., Ltd.	  	September 6, 2011
				
	6	  	Supplementary Agreement I to Web Layout Copyright License Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Beijing BaiduPay Science and Technology Co., Ltd.	  	August 15, 2013

							
	7	  	Amended and Restated Operating Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd.; Beijing BaiduPay Science and Technology Co., Ltd.; Zhixiang Liang; Beijing Baidu Netcom Science Technology Co., Ltd.; and An Yi Heng Tong (Beijing) Technology Co., Ltd.	  	October 18, 2016
				
	8	  	Amended and Restated Equity Pledge Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Zhixiang Liang	  	October 18, 2016
				
	9	  	Letter of Guarantee	  	Hailong Xiang	  	October 18, 2016
				
	10	  	Exclusive Equity Purchase and Transfer Option Agreement	  	Baidu, Inc.; Baidu Online Network Technology (Beijing) Co., Ltd.; Zhixiang Liang; and Beijing BaiduPay Science and Technology Co., Ltd.	  	March 31, 2018
				
	11	  	Proxy Agreement	  	Baidu, Inc. and Zhixiang Liang	  	March 31, 2018
				
	12	  	Loan Agreement	  	Baidu Online Network Technology (Beijing) Co., Ltd. and Zhixiang Liang	  	March 31, 2018
				
	13	  	Power of Attorney	  	Zhixiang Liang	  	March 31, 2018

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