Document:

EX-4.17

 Exhibit 4.17 

 
  

Equity Option Agreement 
  

 
 among

 Beijing Cheerbright Technologies Co., Ltd. 
 and 
 Beijing Autohome Information Technology Co., Ltd. 

and 

Beijing Shengtuo Autohome Advertising Co., Ltd. 
 September 21, 2010 

 TABLE OF CONTENTS 

 

							
	 Articles
	  	Pages	 
	 1.
	  	DEFINITIONS AND INTERPRETATIONS	  	 	3	  
			
	 2.
	  	PURCHASE AND SALE OF EQUITY INTEREST	  	 	4	  
			
	 3.
	  	UNDERTAKINGS	  	 	5	  
			
	 4.
	  	REPRESENTATIONS AND WARRANTIES	  	 	8	  
			
	 5.
	  	FURTHER WARRANTIES	  	 	9	  
			
	 6.
	  	TERM	  	 	9	  
			
	 7.
	  	APPLICABLE LAW AND DISPUTE RESOLUTION	  	 	9	  
			
	 8.
	  	CONFIDENTIALITY	  	 	10	  
			
	 9.
	  	MISCELLANEOUS	  	 	10	  

  
  

					
	Equity Option Agreement	 	- 2 -	 	

 THIS EQUITY OPTION AGREEMENT (Agreement) is entered into on September 21, 2010 in
Beijing, People’s Republic of China (PRC). 
 by and among 

 

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

), a liability limited company incorporated under the PRC laws with its registered address at 1102, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China (Party A); 

and 
  

	(2)	Beijing Autohome Information Technology Co., Ltd. (

), a company duly organized and existing under the PRC laws with its legal address at Room 1001, F/10, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China (Party B);

 and 
  

	(3)	Beijing Shengtuo Autohome Advertising Co., Ltd. (

), a company duly organized and existing under the PRC laws with its legal address at 1003, Tower B, No.3, Danling Street, Haidian District, Beijing 10080, China (Party C). 

Recitals 
  

	A.	Party B holds 100 % of the equity interest in Party C. 

  

	B.	Party C is a PRC domestic company lawfully existing in the PRC and engaged in the business of advertising agency. 

 

	C.	On September 21, 2010, an Exclusive Technical Consulting and Services Agreement was entered into between Party A and Party C (Services Agreement), pursuant
to which Party C will pay service fees (Service Fees) to Party A in consideration for services provided by Party A. 

 NOW
THEREFORE, the parties agree as follows: 
  

	1.	DEFINITIONS AND INTERPRETATIONS 

  

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

 

			
	Designated Person(s)	  	means 1 or more person(s) designated by Party A;

  
  

					
	Equity Option Agreement	 	- 3 -	 	

			
	Equity Interest	  	means 100% of the equity interest held by Party B in Party C;
		
	Equity Pledge Agreement	  	means the Equity Interest Pledge Agreement entered into by and among Party A and Party B, dated September 21, 2010, under which Party B pledges to Party A Party B’s Equity
Interest in consideration for Party C’s performance of its obligations under the Services Agreement;
		
	Notice of Purchase	  	means the written notice sent by Party A to exercise the Purchase Right (as defined below), as set forth in Article 2.2;
		
	Person	  	means a person, corporation, joint venture, partnership, enterprise, trust, or non-corporate entity;
		
	Purchase Right	  	means an irrevocable right to purchase, at any time, all or part of the Equity Interest held by Party B at a price equivalent to the lowest price permitted by then-current PRC
laws; and
		
	Security Interest	  	means any third party’s security, right or interest, any right to purchase Party B’s equity interest in Party C, or any right of acquisition, right of set-off, or other
security arrangement, including any security interest subject to this Agreement, or the Equity Pledge Agreement.

  

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

  

	2.	PURCHASE AND SALE OF EQUITY INTEREST 

  

	 	2.1	Authorization. Party B hereby irrevocably grants Party A or its Designated Person(s) the Purchase Right for its Equity Interest. 

 

	 	2.2	Procedures. Upon Party A’s decision to exercise such Purchase Right, it shall send a written Notice of Purchase to Party B setting forth details for the
purchase. 

  
  

					
	Equity Option Agreement	 	- 4 -	 	

	 	2.3	Exercise of Purchase Right. Every time Party A exercises the Purchase Right: 

 

	 	2.3.1	Party B shall supervise and ensure other shareholders of Party C to convene a shareholders meeting, and pass a resolution to transfer the Equity Interest from Party B
to Party A and/or the Designated Person; 

  

	 	2.3.2	Party B shall, upon the terms and conditions of this Agreement and the Notice of Purchase, enter into all documents requested by Party A; and 

 

	 	2.3.3	Party B and Party C shall execute all documents, acquire all approvals, and perform all actions necessary to transfer the valid ownership of the Equity Interest to
Party A and/or the Designated Person. 

  

	 	2.4	Method of Payment. Upon exercise of the Purchase Right by Party A or its Designated Person(s), Party A shall make payment by cancelling all or a portion of the
Service Fees, in the same proportion that Party A or its Designated Person(s) has acquired the Security Interest. In case PRC laws require Party A or its Designated Person(s) to pay to Party B, Party B shall immediately and unconditionally pay or
transfer to Party A any proceeds in whatsoever form obtained from the Party A or its Designated Person(s) at the time such payables arise, after having deducted and paid any and all relevant taxes and expenses applicable to such a shareholder as a
result of its receipt of such proceeds. 

  

	3.	UNDERTAKINGS 

  

	 	3.1	Undertakings of Party C. Party C hereby undertakes that: 

  

	 	3.1.1	it will maintain its corporate existence, operate its business, and transact affairs prudently and efficiently in accordance with good financial and commercial
standards and practices; 

  

	 	3.1.2	without the prior written consent of Party A, it will not sell, assign, mortgage, or otherwise dispose of any legal or beneficiary rights to any of its assets,
business, or revenues, or permit the creation of any other Security Interest over such rights at any time after the execution date of this Agreement; 

  

	 	3.1.3	without the prior written consent of Party A, it will not incur, assume, guarantee or allow the existence of any debts, except for those to which Party A has given its
written consent; 

  
  

					
	Equity Option Agreement	 	- 5 -	 	

	 	3.1.4	it will always operate its business to maintain the value of its assets, and will not do anything which will affect its business situation nor the value of its assets;

  

	 	3.1.5	without the prior written consent of Party A, it will not enter into any contract at an amount exceedingly higher or outside the ordinary business;

  

	 	3.1.6	without the prior written consent of Party A, it will not provide any loan to any third party; 

 

	 	3.1.7	at the request of Party A, it will provide to Party A all information relating to its operation and financial conditions; 

 

	 	3.1.8	without the prior written consent of Party A, it will not be consolidated or merged with any third party, nor acquire or invest in any third party;

  

	 	3.1.9	it will promptly inform Party A of any existing or threatened litigation, arbitration, or administrative proceedings relating to its assets, business, or revenues;

  

	 	3.1.10	in order to maintain the ownership of all its assets, it will execute all necessary or appropriate documents, take all necessary or appropriate actions, file all
necessary or appropriate charges, and conduct all necessary or appropriate defenses against all claims; 

  

	 	3.1.11	without the prior written consent of Party A, it will not in any form whatsoever allocate dividends to shareholders; and 

 

	 	3.1.12	if PRC law requires it to be dissolved or liquidated, it shall sell all of its assets to the extent permitted by PRC laws to Party A or another qualifying entity
designated by Party A, at the lowest selling price permitted by applicable PRC law. Any obligation for Party A to pay Party C as a result of such transaction shall be forgiven by Party C or any proceeds from such transaction shall be paid to Party A
in partial satisfaction of the service fee under the Services Agreement or remitted to Party A or the qualifying entity designated by Party A, as applicable under then-current PRC laws. 

 

	 	3.2	Undertakings of Party B. Party B hereby undertakes that: 

  

	 	3.2.1	without the prior written consent of Party A, it will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any legal or beneficiary
rights to the Equity Interest, or permit the creation of any other Security Interest over such rights at any time, except for the pledge under the Equity Pledge Agreement; 

  
  

					
	Equity Option Agreement	 	- 6 -	 	

	 	3.2.2	without the prior written consent of Party A, it will not vote in favor of, endorse, or sign any shareholders resolution approving the sale, assignment, mortgage, or
other disposal of the legal or beneficiary rights of any shareholder or allowing the creation of any other Security Interest over such rights at the shareholders meeting of Party C; 

 

	 	3.2.3	without the prior written consent of Party A, it will not vote in favor of, endorse, or sign any shareholders resolution approving the consolidation or merger of Party
C with any third party or the acquisition of or investment in any third party by Party C at the shareholders meeting of Party C; 

  

	 	3.2.4	it will promptly inform Party A of any existing or threatened litigation, arbitration, or administrative proceedings relating to the Equity Interest;

  

	 	3.2.5	at the request of Party A, it will cause the shareholders meeting of Party C to vote in favor of the transfer of the Equity Interest as contemplated hereunder;

  

	 	3.2.6	in order to maintain its ownership of the Equity Interest, it will execute all necessary or appropriate documents, take all necessary or appropriate actions, file all
necessary or appropriate charges, or conduct all necessary or appropriate defenses against all claims; 

  

	 	3.2.7	at the request of Party A, it will appoint the person nominated by Party A as the director of, or to hold any other position in, Party C; 

 

	 	3.2.8	at the request of Party A, it will immediately transfer the requested Equity Interest to the Designated Person(s); 

 

	 	3.2.9	it will strictly comply with the provisions of this Agreement and any other contracts entered into jointly or separately by the parties hereto, strictly perform the
obligations under such contracts, and will not do anything which will affect the validity and enforceability of such contracts; 

  
  

					
	Equity Option Agreement	 	- 7 -	 	

	 	3.2.10 	it shall not put forward, or vote in favor of, any shareholder resolution to, or otherwise request Party C to, issue any dividends or other distributions with respect
to its equity interest in Party C; provided, however, in the event that it receives any profit, bonus, distribution or dividend from Party C, it shall, as permitted under PRC laws, immediately pay or transfer such profit, bonus, distribution or
dividend to Party A or to any party designated by Party A in order to pay in part the service fee under the Services Agreement on behalf of Party C; and 

  

	 	3.2.11 	after mandatory liquidation described in 3.1.12 above, it will remit in full to the Party A any residual interest it receives in a nonreciprocal transfer or cause it
happen. If such transfer is prohibited by PRC law, it will remit the proceeds to Party A or its Designated Person(s) in a manner permitted under PRC law 

  

	4.	REPRESENTATIONS AND WARRANTIES 

  

	 	4.1	Representations and Warranties of Party B. Party B hereby represents and warrants to Party A that as of the date of this Agreement: 

 

	 	4.1.1	it has the power and right to sign, deliver, and perform its obligations under this Agreement, and that the said documents shall constitute its legal, valid, and
binding obligations enforceable in accordance with their terms; 

  

	 	4.1.2	the execution and delivery of this Agreement or any other contracts, and the performance of its obligations thereunder, will not violate PRC law, breach or result in a
default of any contract or instrument to which it is subject, or result in a breach, suspension, or revocation of any grant, license, or approval or result in the imposition of any additional conditions being imposed thereon; and

  

	 	4.1.3	it is the lawful owner of the Equity Interest held by itself and has not created any Security Interest over such Equity Interest other than the Equity Pledge Agreement.

  

	 	4.2	Representations and Warranties of Party C. Party C represents and warrants to Party A that: 

 

	 	4.2.1	it has the power and right to sign, deliver, and perform its obligations under this Agreement, and said documents shall constitute its legal, valid, and binding
obligations enforceable in accordance with their terms; 

  

	 	4.2.2	the execution and delivery, of this Agreement or any other contracts, and the performance of its obligations thereunder, will not violate PRC law, conflict with its
Articles of Association or other constituent documents, breach or result in a default of any contract or instrument to which it is subject, or result in a breach, suspension, or revocation of any grant, license, or approval or result in the
imposition of any additional conditions being imposed thereon; 

  
  

					
	Equity Option Agreement	 	- 8 -	 	

	 	4.2.3	it is the lawful owner of its assets, and has not created any Security Interest over such assets; 

 

	 	4.2.4	it does not have any outstanding debts other than those incurred in the ordinary course of business and which have been disclosed to Party A; 

 

	 	4.2.5	it will comply with all PRC law applicable to the acquisition of assets; and 

 

	 	4.2.6	there is no existing, pending or threatened litigation, arbitration, or administrative proceedings relating to the Equity Interest, its assets, or itself.

  

	5.	FURTHER WARRANTIES 

 The
parties to the agreement agree to promptly execute documents reasonably requisite to the performance of the provisions and the aim of this Agreement or documents beneficial to it, and to take actions reasonably requisite to the performance of the
provisions and the aim of this Agreement or actions beneficial to it. 
  

	6.	TERM 

 This Agreement
shall take effect as of the Effective Date and shall remain in full force and effect until the earlier of (1) the date on which all of the Equity Interests have been acquired by Party A directly or through its Designated Person(s); or
(2) the unilateral termination by Party A (at its sole and absolute discretion), by giving 30 days prior written notice to the Party B of its intention to terminate this Agreement. 

 

	7.	APPLICABLE LAW AND DISPUTE RESOLUTION 

  

	 	7.1	Governing Law. This Agreement shall be governed by and construed in accordance with PRC law. 

 

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

  
  

					
	Equity Option Agreement	 	- 9 -	 	

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

 

	8.	CONFIDENTIALITY 

  

	 	8.1	Confidentiality Obligations. The parties shall protect and maintain the confidentiality of all Confidential Information. Without the prior written consent of the
other parties, no party shall disclose any Confidential Information to any third party unless the disclosure is required by law or by enforceable orders of the court or related government departments. Under such circumstances, the party required to
disclose the Confidential Information shall notify the other parties immediately, take all possible measures to minimize the disclosure, and notify the persons to whom information is being disclosed of the confidentiality obligation.

  

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

 

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

  

	9.	MISCELLANEOUS 

  

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

  
  

					
	Equity Option Agreement	 	- 10 -	 	

  

							
	Party A	  	:	  	Beijing Cheerbright Technologies Co., Ltd.	  	
				
	Address	  	:	  	 1102, Tower B, No. 3, Danling Street,
 Haidian District, Beijing 100080, China
	  	
	Tel	  	:	  	+86 10 59857001	  	
	Attn	  	:	  	Li Xiang	  	
				
	Party B	  	:	  	Beijing Autohome Information Technology
Co., Ltd.	  	
	Address	  	:	  	 Room 1001, F/10, Tower B, No. 3, Danling
 Street, Haidian District, Beijing 100080,
 China
	  	
	Tel	  	:	  	+86 10 59857002	  	
	Attn	  	:	  	Qin Zhi	  	
				
	Party C	  	:	  	Beijing Shengtuo Autohome Advertising
Co., Ltd.	  	
				
	Address	  	:	  	 Room 1003, Tower B, No.3, Danling Street,
 Haidian District, Beijing 10080, China
	  	
	Tel	  	:	  	+86 10 59857029	  	
	Attn	  	:	  	Li Xiang	  	

  

	 	9.2	Entire Agreement. This Agreement, the Services Agreement, the Equity Pledge Agreement, and the power of attorney from Party B in favor of Party A shall
constitute the entire agreement among the parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements related thereto. 

 

	 	9.3	Amendment. Without the prior written consent of Party A, neither of Party B or Party C of this Agreement shall be entitled to amend this Agreement. If required
by law, the parties shall obtain all requisite approvals from the relevant authorities to give effect to the amendment. 

  

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

  
  

					
	Equity Option Agreement	 	- 11 -	 	

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

  

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

 

	 	9.7	Assignment. Party A may transfer or assign any or all of its rights and obligations under this Agreement to any of its designated parties (natural person or
legal entity) at any time. In such circumstances, the transferee or assignee shall enjoy and undertake the same rights and obligations herein of Party A as if the transferee or assignee is Party A hereunder. When Party A transfers or assigns the
rights and obligations under this Agreement, at the request of Party A, Party B shall execute the relevant agreements and/or documents with respect to such transfer or assignment. Party B and Party C shall assign any of its rights or obligations
hereunder without the prior written consent of the Party A. 

  

	 	9.8	Language and Counterparts. This Agreement is prepared in 3 sets of originals in the English language. Each party shall hold 1 set. 

[The space below is intentionally left blank.] 

  
  

					
	Equity Option Agreement	 	- 12 -	 	

 IN WITNESS WHEREOF the parties hereof have caused this Agreement to be executed by their duly
authorized representatives as of the date first written above. 
  

			
	Party A:
	Beijing Cheerbright Technologies Co., Ltd.
	
	/Company Seal/
		
	By:	 	/s/ Li Xiang
	Name:	 	Li Xiang
	Title:	 	Legal Representative
	
	Party B:
	Beijing Autohome Information Technology Co., Ltd.
	/Company Seal/
		
	By:	 	/s/ Qin Zhi
	Name:	 	Qin Zhi
	Title:	 	Legal Representative
	
	Party C
	Beijing Shengtuo Autohome Advertising Co., Ltd.
	/Company Seal/
		
	By:	 	/s/ Li Xiang
	Name:	 	Li Xiang
	Title:	 	Legal Representative

  
  

					
	Equity Option AgreementEX-4.18

 Exhibit 4.18 

 
  

Restated Equity Interest Pledge Agreement 
  

 
 Between

 Beijing Cheerbright Technologies Co., Ltd. 
 and 
 Qin Zhi 

August 23, 2011 

 TABLE OF CONTENTS 

 

							
	 ARTICLES
	  	PAGES	 
	 1.
	  	 DEFINITIONS
	  	 	4	  
			
	 2.
	  	 PLEDGE
	  	 	5	  
			
	 3.
	  	 EFFECTIVENESS OF PLEDGE, SCOPE AND TERM
	  	 	6	  
			
	 4.
	  	 REPRESENTATIONS AND WARRANTIES OF THE PLEDGOR
	  	 	7	  
			
	 5.
	  	 COVENANTS OF THE PLEDGOR
	  	 	8	  
			
	 6.
	  	 EVENTS OF DEFAULT
	  	 	9	  
			
	 7.
	  	 EXERCISE OF THE RIGHTS OF THE PLEDGE
	  	 	10	  
			
	 8.
	  	 TRANSFER OR ASSIGNMENT
	  	 	11	  
			
	 9.
	  	 TERMINATION
	  	 	11	  
			
	 10.
	  	 FORCE MAJEURE
	  	 	12	  
			
	 11.
	  	 APPLICABLE LAW AND DISPUTE RESOLUTION
	  	 	12	  
			
	 12.
	  	 NOTICE
	  	 	13	  
			
	 13.
	  	 APPENDICES
	  	 	13	  
			
	 14.
	  	 WAIVER
	  	 	13	  
			
	 15.
	  	 MISCELLANEOUS
	  	 	13	  

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 2 -	 	

 This Restated Equity Interest Pledge Agreement (this “Agreement”) is entered in Beijing,
the People’s Republic of China (“PRC”, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan, for the purposes of this Agreement) and dated August 23, ,2011 by and
between the following parties: 
  

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

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

 and 
  

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

 (individually a “Party” and collectively the “Parties”)

 WHEREAS: 
  

	A.	Pledgor is a PRC citizen, and holds 8 % of the equity interest of Beijing Autohome Information Technology Co., Ltd. 

	 	(

) (“Autohome Information”). 

  

	B.	Autohome Information is a limited liability company registered in Beijing, which engages in the business of Internet information services and operates the website
www.autohome.com.cn. 

  

	C.	The Pledgor and the Pledgee entered into a Restated Loan Agreement on June 7, 2011, pursuant to which the Pledgee extended a loan in the amount of RMB 720,000 (the
“Loan”) to the Pledgor (the “Loan Agreement”). 

  

	D.	The Pledgee, a wholly foreign-owned company registered in Beijing, PRC, and has been licensed by the relevant PRC government authority to carry on the business of
technology-related research and development, website design, transfer of technology, technology training and consulting, and the sale of its own products. The Pledgee and Autohome Information entered into a Restated Exclusive Technical and
Consulting Services Agreement on June 7, 2011, pursuant to which Autohome Information is required to pay service fees (the “Service Fees”) to the Pledgee in consideration for the corresponding services to be provided by the
Pledgee (the “Services Agreement”). 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 3 -	 	

	E.	The Pledgee, the Pledgor and certain other parties entered into an equity interest pledge agreement (Original Agreement) on November 12, 2009, pursuant to which
the Pledgor pledged all his equity interest in Autohome Information to the Pledgee. The Pledgee, Pledgor and certain other parties entered into a Supplementary Agreement to Equity Interest Pledge Agreement (“Supplementary Agreement”) on
June 7, 2011, pursuant to which the Pledgee and the Pledgor agreed to enter into this Agreement to restate the Original Agreement. Party A and Party B further acknowledge that this Agreement does not substantially change the Original Agreement,
and the provisions of this Agreement reflect the intention of the parties when they executed the Original agreement 

  

	F.	Simultaneous with the execution of this Agreement, the Pledgor has also entered into a Restated Equity Option Agreement with the Pledgee, pursuant to which the Pledgor
grants to the Pledgee an exclusive right to purchase the Equity Interest (as defined below) at any time upon satisfaction of various requirements under PRC law (the “Option Agreement”). 

 

	G.	In order to ensure that (i) the Pledgor repay the Loan under the Loan Agreement; (ii) the Pledgee collects Service Fees under the Services Agreement from
Autohome Information, (iii) the Pledgor’ other obligations under the Option Agreement are fulfilled, and (iv) all other debts, monetary liabilities or other payment obligations owed to the Pledgee by the Pledgor and/or Autohome
Information, arising under or in relation to the Services Agreement or the Loan Agreement including, but not limited to, any obligation to pay damages for a breach of any obligation of the Pledgor or Autohome Information under the Loan Agreement or
the Services Agreement (as applicable), are paid, the Pledgor is willing to pledge all the Equity Interest (as defined below,) i.e. the 8% equity interest of Autohome Information, equivalent to a contribution of RMB 800,000, to the Pledgee as
security for the above-mentioned obligations of the Pledgor and Autohome Information (collectively, the “Secured Obligations”). 

 In order to set forth each Party’s rights and obligations, the Pledgee and the Pledgor through mutual negotiations hereby enter into this Agreement based upon the following terms: 

 

	1.	Definitions 

Unless otherwise provided in this Agreement, the following terms shall have the following meanings: 

 

	 	1.1	“Pledge” means the full content of Section 2 hereunder. 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 4 -	 	

	 	1.2	“Equity Interest” means all the equity interests in Autohome Information held by the Pledgor (including all present and future rights and benefits
based on such equity interests), and any additional equity interests in Autohome Information acquired by such Pledgor subsequent to the date hereof. For the avoidance of any doubt, on the date hereof, the Pledgor holds a 8% equity interest
(equivalent to a contribution of RMB 800,000) in Autohome Information. 

  

	 	1.3	“Event of Default” means any event in accordance with Section 6 hereunder. 

 

	 	1.4	“Notice of Default” means the notice of default issued by the Pledgee in accordance with this Agreement. 

 

	 	1.5.	“Effective Date” This Agreement shall be effective upon its being signed by the Parties hereunder. Notwithstanding the foregoing, the Pledge (as
defined in Section 2.1) shall only come into effect in accordance with Section 3 of this Agreement. 

  

	2.	Pledge 

  

	 	2.1	Each Pledgor hereby pledges, and if required, transfers and assigns the Equity Interest to the Pledgee as security for all of the Secured Obligations (the
“Pledge”) of an amount up to the Maximum Amount (as defined below), and grant a first priority security interest in all rights, titles and interests that he has or may at any time hereafter acquire in and to the Equity Interest,
together with all equity or other ownership interests representing a dividend on the Equity Interest, a distribution or return of capital upon or in respect of such Equity Interest, any subscription, first refusal, pre-emptive or other purchase
rights with respect to or arising from such Equity Interest, any voting rights with respect to such Equity Interest or any other interest in Autohome Information which, by reason of notice or lapse of time or the occurrence of other events, may be
converted into a direct equity interest in Autohome Information, and all proceeds of the foregoing (collectively, the “Pledged Collateral”). 

 

	 	2.1.1	The Parties understand and agree that the monetary valuation arising from, relating to or in connection with the Secured Obligations shall be a variable and floating
valuation until the Settlement Date (as defined below). Therefore, based on the reasonable assessment and evaluation by the Pledgor and the Pledgee of the Secured Obligations and the Pledged Collateral, the Pledgor and the Pledgee mutually
acknowledge and agree that the Pledge shall aggregately secure the Secured Obligations for a maximum amount of RMB 9,360,000 (the “Maximum Amount”) which includes the Loan of RMB 720,000 provided to the Pledgor by the Pledgee and
part, i.e. RMB 8,640,000, of the total Service Fees to be paid to the Pledgee prior to the Settlement Date, as security for all of the Pledgor’s obligations under the Loan Agreement and the Services Agreement . 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 5 -	 	

 The Pledgor and the Pledgee may, taking into account the fluctuation in the monetary value
of the Secured Obligations and the Pledged Collateral, adjust the Maximum Amount based on mutual agreement by amending and supplementing this Agreement, from time to time, prior to the Settlement Date. 

 

	 	2.1.2	Upon the occurrence of any of the events below (each an “Event of Settlement”), the Secured Obligations shall be fixed at a value of the sum of all
Secured Obligations that are due, outstanding and payable to the Pledgee on or immediately prior to the date of such occurrence (the “Fixed Obligations”): 

 

	 	(a)	any or all of the Loan Agreements, Services Agreements or the Option Agreements expires or is terminated pursuant to the stipulations thereunder;

  

	 	(b)	the occurrence of an Event of Default pursuant to Section 6 that is not resolved, which results in the Pledgee serving a Notice of Default to the relevant
Pledgor(s) pursuant to Section 6.3; 

  

	 	(c)	the Pledgee reasonably determines (having made due enquiries) that any of the Pledgor and/or Autohome Information is insolvent or could potentially be made insolvent;
or 

  

	 	(d)	any other event that requires the settlement of the Secured Obligations in accordance with relevant laws of the PRC. 

 

	 	2.2	For the avoidance of doubt, the day of the occurrence of an Event of Settlement shall be the settlement date (the “Settlement Date”). On or after the
Settlement Date, the Pledgee shall be entitled, at the election of the Pledgee, to enforce the Pledge in accordance with Section 7. 

  

	 	2.3	The Pledgee is entitled to collect any and all dividends or other distributions, if any, arising from the Equity Interest during the Term of the Pledge (as defined
below). 

  

	3.	Effectiveness of Pledge, Scope and Term 

  

	 	3.1	The Pledgor shall, promptly after the execution of this Agreement, but in no event later than 10 days from the date of this Agreement, register this Agreement and the
Pledge hereunder with the State Administration for Industry and Commerce of the PRC or its competent local counterpart (the “AIC”). The Pledgor shall deliver to the Pledgee a copy of the registration or filing certificate from the
AIC within 7 days from the date of submission of the application for registration of this Agreement and Pledge with the AIC. 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 6 -	 	

	 	3.2	The Pledge shall be effective upon the registration of the Pledge with the AIC in accordance with Section 3.1 above. The term of the Pledge shall commence on the
date when the Pledge is registered with the AIC and shall expire on the earlier of (a) the date on which all outstanding Secured Obligations are paid in full or otherwise satisfied (as applicable) or (b) the Pledgee enforces the Pledge
pursuant to the terms and conditions hereof, to satisfy its rights under the Secured Obligations and Pledged Collateral in full or (c) the Pledgor completes her transfer of the Equity Interest to another party (individual or legal entity)
pursuant to the Option Agreement and no longer holds any equity interest in Autohome Information (the “Term of the Pledge”). 

  

	4.	Representations and Warranties of the Pledgor 

 Each of the Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties:

  

	 	4.1	Each of the Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest.

  

	 	4.2	None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance
with this Agreement. 

  

	 	4.3	The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 

 

	 	4.4	All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this
Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 

 

	 	4.5	Each of the Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity
Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 7 -	 	

	 	4.6	There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 

 

	 	4.7	Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties. 

 

	5.	Covenants of the Pledgor 

  

	 	5.1	Each of the Pledgor covenants to the Pledgee that he shall: 

  

	 	5.1.1	not transfer or assign the Equity Interest, or create or permit to be created any pledge, lien, charge, mortgage, encumbrance, option, security or other interest in or
over the Equity Interest that has been registered in his/her name, other than the Pledge created hereunder and the option granted under the Option Agreement, without the prior written consent from the Pledgee; 

 

	 	5.1.2	comply with and implement 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 the competent authority within 5 days upon receiving such notices, orders or suggestions and take actions in accordance with the reasonable instructions of the Pledgee; and 

 

	 	5.1.3	timely notify the Pledgee of any events or any received notices (i) which may affect the Equity Interest or any part of the Pledgee’s rights, (ii) which
may change the Pledgor’ covenants or obligations under this Agreement or (iii) which may affect the Pledgor’ performance of their obligations under this Agreement, and take actions in accordance with the reasonable instructions of the
Pledgee. 

  

	 	5.2	The Pledgor agrees that the Pledgee’s right of exercising the Pledge under this Agreement shall not be suspended or hampered by the Pledgor or any successors of
the Pledgor or any person authorized by the Pledgor. 

  

	 	5.3	The Pledgor jointly and severally covenants to the Pledgee that in order to protect or perfect the security over the Secured Obligations, the Pledgor shall
(i) execute in good faith and cause other parties who have interests in the Pledge to execute all the forms, instruments, agreements (including those required for the registration and de-registration of the Pledge with the AIC), and/or
(ii) take actions and cause other parties who have interests in the Pledge to take actions as required by the Pledgee and (iii) allow the Pledgee to exercise the rights and authorization vested in the Pledgee under this Agreement.

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 8 -	 	

	 	5.4	The Pledgor agrees to promptly make or cause to be made any filings or records, give or cause to be given any notices and take or cause to be taken any other actions as
may be necessary under the laws of the PRC, to perfect the Pledge of the Pledged Collateral, including the AIC registration set forth in Section 3.1. 

  

	 	5.5	Each of the Pledgor covenants to the Pledgee that he will comply with and perform all the guarantees, covenants, agreements, representations and conditions for the
benefits of the Pledgee. The Pledgor shall compensate for all the losses suffered by the Pledgee for such Pledgor’s failure to perform or fully perform his/her guarantees, covenants, agreements, representations or conditions.

  

	6.	Events of Default 

  

	 	6.1	Each of the following shall constitute an Event of Default: 

  

	 	6.1.1	Autohome Information or the Pledgor fails to make full and timely payment of any amounts due under the Secured Obligations as required under the Services Agreement,
Loan Agreement or Option Agreement, or an event of default (as defined and stipulated in those agreements) has occurred and is continuing; 

  

	 	6.1.2	the Pledgor makes or has made any inaccurate, incomplete, misleading or untrue representations or warranties under Section 4, or is in violation or breach of any
of the representations and warranties under Section 4; 

  

	 	6.1.3	the Pledgor breaches any of the covenants under Section 5; 

  

	 	6.1.4	the Pledgor breaches any other covenants, undertakings or obligations of the Pledgor set forth herein; 

 

	 	6.1.5	the Pledgor is unable to perform its obligations under this Agreement due to the separation or merger of Autohome Information with other third parties or for any other
reason; 

  

	 	6.1.6	the Pledgor relinquishes all or any part of the Pledged Collateral or transfers or assigns all or any part of the Pledged Collateral without the prior written consent
of the Pledgee (except the transfers or assigns permitted under the Option Agreement); 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 9 -	 	

	 	6.1.7	any indebtedness, guarantee or other obligation of the Pledgor, whether pursuant to a contract or otherwise, (i) is accelerated as a result of a default thereunder
and is required to be repaid or performed prior to the due date; or (ii) has become due and is not repaid or performed when due which, in the Pledgee’s reasonable view, has materially adversely affected the Pledgor’s ability to
perform their obligations under this Agreement; 

  

	 	6.1.8	this Agreement is illegal as a result of any applicable laws or the Pledgor is restricted from continuing to perform his/her obligations under this Agreement;

  

	 	6.1.9	any approval, permit, license or authorization from any applicable governmental entity (or registration or filing procedure) required for Autohome Information to
provide Internet information services and/or value-added telecommunications services in the PRC is withdrawn, suspended, invalidated or materially amended; 

 

	 	6.1.10	any approval, permit, license or authorization from any applicable government authority required to perform this Agreement or make this Agreement enforceable, legal and
valid is withdrawn, suspended, invalidated or materially amended; or 

  

	 	6.1.11	any property owned by the Pledgor is altered or damaged which, in the Pledgee’s reasonable view, has materially adversely affected the Pledgor’s ability to
perform their obligations under this Agreement. 

  

	 	6.2	The Pledgor shall immediately give a written notice to the Pledgee if the Pledgor is aware or find that any event set forth in Section 6.1 or any events that may
result in the foregoing events have occurred or are occurring. 

  

	 	6.3	Unless an Event of Default set forth in Section 6.1 has been rectified to the Pledgee’s satisfaction, the Pledgee, at any time the event of default occurs or
thereafter, may give a written notice of default to the Pledgor, and require the Pledgor, at the discretion of the Pledgee, to immediately make full payment of the outstanding amounts payable under the Loan Agreements, Services Agreements, and/or
Option Agreements, and other payables, or dispose of the Pledge in accordance with Section 7 herein. 

  

	7.	Exercise of the Rights of the Pledge 

  

	 	7.1	The Pledgor shall not transfer or assign the Pledge without prior written approval from the Pledgee prior to the full settlement and fulfillment of the Secured
Obligations. 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 10 -	 	

	 	7.2	The Pledgee shall give a notice of default to the Pledgor(s) when the Pledgee exercises the rights of Pledge. 

 

	 	7.3	Subject to Section 6.3, the Pledgee may exercise the right to dispose of the Pledge at any time when the Pledgee gives a notice of default in accordance with
Section 6.3 or thereafter. 

  

	 	7.4	The Pledgee is entitled to have priority in receiving payment by the evaluation or proceeds from the auction or sale of whole or part of the Pledged Collateral in
accordance with legal procedures until the outstanding Secured Obligation or other monetary obligations payable by the Pledgor and/or Autohome Information is fully paid, repaid or otherwise settled. 

 

	 	7.5	The Pledgor shall not hinder the Pledgee from disposing the Pledge in accordance with this Agreement and shall give necessary assistance so that the Pledgee could
realize his Pledge. 

  

	8.	Transfer or Assignment 

  

	 	8.1	The Pledgor shall not donate or transfer their rights and obligations herein to any third party without prior written consent from the Pledgee.

  

	 	8.2	This Agreement shall be binding upon the Pledgor and their successors and be effective to the Pledgee and his each successor and assignee. 

 

	 	8.3	The Pledgee may transfer or assign all Secured Obligations and its right to the Pledge to any third party at any time. In this case, the assignee shall enjoy and
undertake the same rights and obligations herein of the Pledgee as if the assignee is a party hereto. When the Pledgee transfers or assigns the Secured Obligations and its rights to the Pledge, at the request of the Pledgee, the Pledgor shall
execute the relevant agreements and/or documents with respect to such transfer or assignment. 

  

	 	8.4	After a change to the Pledgee resulting from a transfer or assignment, the new parties to the pledge shall re-execute a pledge contract. 

 

	9.	Termination 

 This
Agreement shall not terminate until the Term of the Pledge expires pursuant to Section 3 herein. 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 11 -	 	

	10.	Force Majeure 

  

	 	10.1	If this Agreement is delayed in or prevented from performing in the Event of Force Majeure (“Event of Force Majeure”), only within the limitation of
such delay or prevention, the affected Party is absolved from any liability under this Agreement. Force Majeure, which includes acts of governments, acts of nature, fire, explosion, geographic change, flood, earthquake, tide, lightning, war, means
any unforeseen events beyond the prevented Party’s reasonable control and cannot be prevented with reasonable care. However, any shortage of credit, capital or finance shall not be regarded as an event beyond a Party’s reasonable control.
The Party affected by Force Majeure who claims for exemption from performing any obligations under this Agreement or under any Section herein shall notify the other party of such exemption promptly and advice him of the steps to be taken for
completion of the performance. 

  

	 	10.2	The Party affected by Force Majeure shall not assume any liability under this Agreement. However, subject to the Party affected by Force Majeure having taken its
reasonable and practicable efforts to perform this Agreement, the Party claiming for exemption of the liabilities may only be exempted from performing such liability as within limitation of the part performance delayed or prevented by Force Majeure.
Once causes for such exemption of liabilities are rectified and remedied, both parties agree to resume performance of this Agreement with their best efforts. 

 

	11.	Applicable Law and Dispute Resolution 

  

	 	11.1	The execution, validity, performance and interpretation of this Agreement shall be governed by and construed in accordance with the laws of the PRC.

  

	 	11.2	The Parties shall strive to settle any dispute arising from the interpretation or performance through friendly consultation. In case no settlement can be reached
through consultation, each party can submit such matter to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration. The arbitration shall follow the then current rules of CIETAC, and the arbitration
proceedings shall be conducted in Chinese and shall take place in Beijing. The arbitration award shall be final and binding upon the Parties. This article shall not be affected by the termination or elimination of this Agreement.

  

	 	11.3	In case of any disputes arising out of the interpretation and performance of this Agreement or any pending arbitration of such dispute, each Party shall continue to
perform their obligations under this Agreement, except for the matters in dispute. 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 12 -	 	

	12.	Notice 

 Any notice
or correspondence, which is given by the Party as stipulated hereunder, shall be in Chinese and English writing and shall be delivered in person or by registered or prepaid mail or recognized express service, or be transmitted by telex or facsimile
to the following addresses: 
  

							
	 Pledgee
	 	 	:	  	  	Beijing Cheerbright Technologies Co., Ltd. (

)
	 Address
	 	 	:	  	  	1102, Tower B, No. 3, Danling Street, Haidian District, Beijing 100080, China
	 Fax
	 	 	:	  	  	010-59857387
	 Tele
	 	 	:	  	  	010-59857001
	 Addressee
	 	 	:	  	  	Li Xiang
			
	 Pledgor
	 	 	:	  	  	Qin Zhi
	 Address
	 	 	:	  	  	Room 452, Unit 4, Building 31, Yuetan South Street, Xicheng District, Beijing, China
	 Fax
	 	 	:	  	  	
	 Tele
	 	 	:	  	  	
	 Addressee
	 	 	:	  	  	Qin Zhi

  

	13.	Appendices 

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

	14.	Waiver 

 The
Pledgee’s non-exercise or delay in exercise of any rights, remedies, power or privileges hereunder shall not be deemed as the waiver of such rights, remedies, power or privileges. Any single or partial exercise of the rights, remedies, power
and privileges shall not exclude the Pledgee from exercising any other rights, remedies, power and privileges. The rights, remedies, power and privileges hereunder are accumulative and shall not exclude the application of any other rights, remedies,
power and privileges stipulated by laws. 
  

	15.	Miscellaneous 

  

	 	15.1	Any amendments, modifications or supplements to this Agreement shall be in writing and come into effect upon being executed and sealed by the Parties hereto.

  

	 	15.2	In case any terms and stipulations in this Agreement are regarded as illegal or can not be performed in accordance with the applicable law, such terms and stipulations
shall be deemed to ineffective and not enforceable within the scope governed by the applicable law, and the remaining stipulations will remain effective. 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 13 -	 	

	 	15.3	This Agreement, the Services Agreement, the Equity Option Agreement and the Loan Agreement (either original or restated) shall constitute the entire agreement among the
parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements related thereto (including without limitation, the Original Agreement). 

[The space below is intentionally left blank.] 

  
  

					
	Restated Equity Interest Pledge Agreement	 	- 14 -	 	

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on their behalf
by a duly authorized representative as of the date first written above. 
  

			
	PLEDGEE: Beijing Cheerbright Technologies Co., Ltd.
(

)
	/Company Seal/
		
	By:	 	/s/ Li Xiang
	Authorized Representative: Li Xiang
	
	PLEDGOR: Qin Zhi
		
	By:	 	/s/ Qin Zhi
	Name: Qin Zhi

  
  

					
	Restated Equity Interest Pledge Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]