JASON ENTERTAUMENT CO., LTD.
MAJOR GROUP SUBSIDIARIES
集团主要子公司
FOUNDERS 创始人

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SHAREHOLDERS AGREEMEN 股东协议
JASON ENTERTAINMENYCO. JASON ENTERTAMEMYCO.

SHAREHOLDERS AGREEMENT 股东协议

1. JASON ENTERTAINMENT CO., LTD., an exempted company duly incorporated and validly existing under the laws of the Cayman Islands with its registered address at the offices of Vistra (Cayman) Limited, P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205 Cayman slands (the “Company”);
   JASON ENTERTAINMENT CO., LTD.是一家根据开曼群岛法律正式注册成立并有效存续的豁免公司，其注册地址为 Vistra (Cayman) Limited offices, P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205 Cayman slands（以下简称 "公司"）；
2. the entities histed in Section A and Section B of Part I of SCHEDULE I (the “Major Group Subsidiaries”, and each a “Major Group Subsidiary”);
   附表 I 第 I 部分 A 节和 B 节所列的实体（"主要集团子公司"，各为 "主要集团子公司"）；
3. the individuals and entities listed in Part II of SCHEDULE I (the “Founders” and each a “Founder”);
   附表 I 第二部分所列的个人和实体（"创始人"，每个人都是 "创始人"）；
4. the entities listed in Part III of SCHEDULE I (the “Other Ordinary Holders”, and together with the Founders, the “Ordinary Holders”, and each an “Ordinary Holder”; for the avoidance of any doubt, such entity shall only constitute and be deemed as an Other Ordinary Holder sofely in respect of its holding of the Ordinary Shares);
   附表一第三部分所列的实体（"其他普通股持有人"，连同创始人统称为 "普通股持有人"，各为 "普通股持有人"；为免生疑，该实体仅就其持有的普通股构成及被视为其他普通股持有人）；
5. the entity listed in Part IV of SCHEDULE 1 (the “Series A Investor”; for the avoidance of any doubt, the Series A Investor shall only constitute and be deemed as a Series A Investor or part of the Series A Investor solely in respect of its holding of the Series A Preferred Shares and/or its holding of any Ordinary Shares convered or convertible from any Series A Preferred Share held by it); and
   附表 1 第四部分所列的实体（"A 系列投资者"；为避免任何疑问，A 系列投资者仅就其持有的 A 系列优先股和/或其持有的由其持有的任何 A 系列优先股转换或可转换的任何普通股构成并被视为 A 系列投资者或 A 系列投资者的一部分）；以及
6. the entities listed in Rart V of SCHEDULE I (the “Series B Investors”, and each a “Series B Investor”; for the avoidance of any doubt, such entity shall only constitute and be deemed as a Series B Investor or part of the Series 8 Investors solely in tespect of its holding of the Series B Preferred Shares and/or its holding of any Ordinary Shares converted or convertible from any Sêries B Prefetred Share held by it).
   附表 I 第五部分所列实体（"B 系列投资者"，各实体为 "B 系列投资者"；为免生 疑，该实体仅就其持有的 B 系列优先股和/或其持有的由任何 B 系列优先股转换 或可转换的任何普通股而言，构成并被视为 B 系列投资者或 8 系列投资者的一部 分）。

RECITALS 条款

B EGP (as defined below) entered intola Share Subscription Agreement with the Company, the BVI Company, the HK Company, the Founders and certain other parties named therein on October 28, 2024 (as amended from time to time, the “Series B Share Subscription Agreement”, together with the Warrant Purchase Agreement, the “Purchase Agreements”), pursuant to which EGP has agreed to purchase from the Company certain number of Series B Preferred Shares (as defined below) in accordance with the terms and conditions sef forth therein;
B EGP（定义见下文）于 2024 年 10 月 28 日与本公司、BVI 公司、香港公司、创始人及其中指定的若干其他方签订了股份认购协议（经不时修订，称为 "B 系列股份认购协议"，与认股权证购买协议合称为 "购买协议"），据此，EGP 已同意根据其中规定的条款和条件向本公司购买一定数量的 B 系列优先股（定义见下文）；

WITNESSETH 见证

1. Definitions 1.定义

1.1 The following terms shall have the meanings ascribed to them below:
1.1 以下术语具有如下含义：
“Affiliate” with respect to a specified Person means (i) in the case of an individual, such Person’s spouse and lineal descendants (whether natural or adopted), brother, sister, parent, or any trust formed and maintained solely for the benefit of such Person or such Person’s spouse, lineal descendants, brother, sister and/or parent, or trustee of any such trust, or any entity or company directly, or indirectly through one or more intermediaries, Controlled by such specified Person or any of the other aforesaid Persons, (iii) in the case of any Person other than an individual, any other Person that directly, or indirectly through one or more
(iii) 如屬非個人的任何人士，則指直接或透過一個或多個中介人間接控制的任何其他人士； (iv) 如屬個人的任何人士，則指直接或透過一個或多個中介人間接控制的任何其他人士； (v) 如屬個人的任何人士，則指直接或透過一個或多個中介人間接控制的任何其他人士； (vi) 如屬個人的任何人士，則指直接或透過一個或多個中介人間接控制的任何其他人士。
intermediaries, Controls or is Controlled by, or is unde common Control with, the Person specified, and (iii) in the case of any of the Investors, the term “Affiliate” shall also include any other investment fund (ora Subsidiary of any such investment fund) managed by the same managen of such Investor (or, if such Investor is a Subsidiary of an investment fund, the same manager of the investment fund of which such Investor is a Subsidiary) and any other limited partners, general partners, shareholders and fund managers of such Investor or of such investment fund or of such Subsidiary, in additional to the Persens specified in clause (ii) above, and (iv) trusts Controlled by or for the benefit of any such Person referred to in clauses (i), (ii) or (iii) above. For the avoidance of doubt, no Investor shall be considered an Affiliate of any Founder or Group Company.
(iii) 就任何投资者而言，"联属公司 "一词还应包括由该投资者的同一经理管理的任何其他投资基金 （或任何该等投资基金的附属公司）（或如果该投资者是投资基金的附属公司、(iv) 由上文第(i)、(ii)或(iii)项所述任何人士控制或为其利益而控制的信托。为免生疑问，投资者不得被视为任何创始人或集团公司的关联方。
“Applicable Securities Laws” means (i) with respect to any offering of securities in the United States, or any other act or omission within that jurrisdiction, the securities Laws of the United States, including the Exchange Act and the Securities Act, and any applicable securities Laws of any state of the Urited States, and (ii) with respect to any offering of securities in any jurisdiction other than the United States, or any related act or omission in that jurisdiction, the applicable securities Laws of that jurisdiction.
"适用证券法 "是指：(i) 在美国境内的任何证券发行，或在该司法管辖区内的任何其他行为或不行为，美国的证券法，包括《交易法》和《证券法》，以及美国任何州的任何适用证券法；(ii) 在美国以外的任何司法管辖区内的任何证券发行，或在该司法管辖区内的任何相关行为或不行为，该司法管辖区的适用证券法。
“as-converted” means as-converted to Ordinary
"折算 "指折算为普通股
Company. 公司。
“Board” or “Board of Directors” neans the board of directors of the
"董事会 "或 "董事会 "是指以下机构的董事会
“Business Day” means any day (excluding Saturdays, Sundays and public holidays in the Cayman Islands, Hong Kong, New York, Singapore or the PRC) on which banks generally are open forbusinessin the Cayman Islands, Singapore, Hong Kong, New York and the PRC.
"营业日 "指开曼群岛、新加坡、香港、纽约、新加坡或中国的银行一般开门营业的任何一天（不包括星期六、星期日和开曼群岛、香港、纽约或中国的公共节假日）。
“CNY” means the lawful cursency of the PRC.
"人民币 "指中国的法定货币。
“Closing” has the meaning set forth in the respective Purchase Agreements.
"成交 "具有相关购买协议中规定的含义。

“Contract” means any agreement, arrangenent, bond, commitment, franchise, indemnity, indenture, instrument, lease, license, permit, or understanding, whether or not in writing.
"合同 "系指任何协议、安排、债券、承诺、特许权、赔偿金、契约、文书、租约、 许可、许可证或谅解，无论是否为书面形式。
“Control” of a given Person means the power or authority, whether exercised or not, to direct the business, management or policies of such Person, directly or indirectly, whether through the ownership of voting securities, by Contract or otherwise; provided, that such powe of authority shall conclusively be presumed to exist upon direct or indirectpossession of beneficial ownership or power to direct the vote of fifty percent ( $50\mathrm{\%}$$50\mathrm{\%}$50%50 \% ) or nore of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of a majority of the board of firectors of such Person. The terms “Controlled” and “Controlling” have meanings correlative to the foregoing.
对特定个人的 "控制权 "是指直接或间接指导该个人业务、管理或政策的权力或权限（无论是否行使），无论是通过拥有有投票权的证券、合同或其他方式；但在直接或间接拥有实益所有权，或有权在该人士的成员或股东大会上获得百分之五十（ $50\mathrm{\%}$$50\mathrm{\%}$50%50 \% ）或更多的投票权，或有权控制该人士董事会大多数成员的组成时，应最终推定存在上述权力。术语 "控制 "和 "控制 "的含义与上述内容相关。
“Competitors” means the entities listed in Exhibit B hereto. The list of Competitor of the Company set forth in Exhibit B shall be limited to ten (10) entities, and unay be amended and updated approved by the Majority Shareholders (which shall include the affirmative votes of Bilibili and EGP).
"竞争对手 "指本协议附件 B 中列出的实体。附录 B 所列的公司竞争对手名单应限于十（10）家实体，并可经多数股东（应包括 Bilibili 和 EGP 的赞成票）批准进行修订和更新。
“Director” means a director serving on the Board.
"董事 "是指在董事会任职的董事。
“Domestic Entities” means, collectively, the WFOE,the Domestic Company, the entities set forth in Section B of Part I of SGHEDUEE I, and all other direct or indirect, current or future Subsidiaries and branches of the foregoing, and a “Domestic Entity” means any of the Domestic Entities.
"国内实体 "统指外商独资企业、国内公司、《SGHEDUEE I》第一部分 B 节所列实体以及上述实体的所有其他直接或间接、当前或未来的子公司和分支机构，"国内实体 "指任何国内实体。
“Encumbrance” means (i) any mortgage, charge, pledge, lien, hypothecation, deed of trust, title retention, security interest, or other third-party rights of any kind securing or conferning any priority of payment in respect of any obligation of any Person, any other restriction or limitation; (ii) any easement or covenant granting a right of use or accupancy to any Person; (iii) any proxy, power of attorney, voting trust agreement, interest, option, right of first offer, right of pre emptive negotiation, or refusal or transfer restriction in favor of any Person; (iv) diny adverse claim as to title, possession, or use, and includes any agreement or arrange for any of the same, whether imposed by Contract, understanding, law, equity or otherwise.
"產權負擔 "是指：(i) 任何抵押、押記、質押、留置權、質押、信託契據、所有權保留、擔 保權益或其他任何類型的第三方權利，以保證或賦予任何人士任何債務的優先付款權、 任何其他限制或約束；(ii) 賦予任何人士使用權或佔用權的任何地役權或契諾；(iii) 任何委托书、授权书、投票信托协议、权益、选择权、优先购买权、预先谈判权、或对任何人有利的拒绝或转让限制； (iv) 对所有权、占有权或使用权的任何不利主张，包括任何协议或安排，不论是通过合同、谅解、法律、衡平法或其他方式强加的。
“Equity Securities” means, with respect to any Person that is a legal entity, any and all shares of capital stock, membership interests, units, bonds, profits interests, ownership interests, equity interests, registered capital, Warrant Shares, and other equity securities of such Person, and any right, warrant, option, call, commitment, conyersion privilege, preemptive right or other right to acquire any of the foregoing, or security convertible into, exchangeable or exercisable for any of the foregoing, or any Contract providing for the acquisition of any of the foregoing.
"股权证券 "就任何法律实体而言，指该实体的任何及所有股本股份、会员权益、单位、债券、利润权益、所有权权益、股本权益、注册资本、认股权证股份及其他股权证券、以及任何权利、认股权证、期权、认购权、承诺、认购特权、优先购买权或其他取得上述任何权利的权利，或可转换为、交换为或行使为上述任何权利的证券，或规定取得上述任何权利的任何合同。
“ESOP Plan” means a duly adopted employee share option plan or similar schemes of the Company (and in the case that the Company does not currently have a duly adopted employee share option plan or similar scheme, an employee share option plan or similar schemes of the Company to be duly adopted in the future).
"ESOP 计划 "指本公司正式采纳的雇员购股权计划或类似计划（如果本公司目前没有正式采纳的雇员购股权计划或类似计划，则指本公司将来正式采纳的雇员购股权计划或类似计划）。

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promilgated thereunder.
"交易法 "是指经修订的 1934 年《美国证券交易法》以及据此制定的规则和条例。

“Form S-3” means Form S-3.promulgated by the Commission under the Securities Act or any successor form or substantially similar form then in effect.
"表格 S-3 "是指委员会根据《证券法》颁布的表格 S-3，或当时有效的任何后续表格或实质上类似的表格。
“fully-diluted” neams that the calculation is to be made assuming that all outstanding options, warrants (including the Warrant) and other Equity Securities convertible into or exercísáble or exchangeable for Ordinary Shares (whether or not by their terms then currently convertible, exercisable or exchangeable), have been so converted, exercised or exchanged.
"完全摊薄 "是指在计算时假设所有可转换为普通股或可行使或可交换为普通股的未行使期权、认股权证（包括认股权证）和其他权益证券（无论其条款当时是否规定可转换、可行使或可交换）均已转换、行使或交换。

“Governmental Authority” means any government of any nation or any federation, province or state or any other political subdivision thereof, any entity, authority or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, inchuding any government authority, agency, department, board, commission or, instrumentahity of any country, or any political subdivision thereof, any court, tribunal or arbitator, stock exchange, securities commission or other securities regulater, and any self-regulatory organization.
"政府机构 "是指任何国家或任何联邦、省或州的任何政府或其任何其他政治分支机构，行使政府的行政、立法、司法、监管或管理职能或与政府有关的职能的任何实体、当局或机构，包括任何国家或其任何政治分支机构的任何政府当局、机构、部门、董事会、委员会或文书，任何法院、法庭或仲裁员，证券交易所、证券委员会或其他证券监管机构，以及任何自律组织。
“Governmental Order” means any applicable order, ruling, decision, verdict, decree, writ, subpoena, mandate, precept, command, directive, Consent, approval, award, judgment, injunction or other similar determination or finding by, before or under the supervision of any Governmental Authority.
"政府命令 "系指由任何政府当局发出、在其面前或监督下作出的任何适用命令、裁决、决定、 判决、法令、令状、传票、授权、戒律、命令、指令、同意书、批准书、裁决书、判决书、禁 止令或其他类似决定或裁定。
“Group Companies” and “Group” means collectively the Company, the Major Group Subsidiaries (iffcluding without limitation the Domestic Entities), and all other direct or indirect, current or future Subsidiaries and branches of the foregoing, and the “Group Company” means any of the Group Companies.
"集团公司 "和 "集团 "系指本公司、主要集团子公司（包括但不限于国内实体）以及上述公司的所有其他直接或间接、现在或将来的子公司和分支机构的统称，"集团公司 "系指集团公司中的任何一家公司。
“Holders” means the holders of Registrable Securities who are parties to this Agreement from time to time, and their permitted transferees that become parties to this 'Agreement from time to time or to whom rights in relation thereto have been daly assigned in accordance with this Agreement.
"持有人 "系指不时成为本协议缔约方的可注册证券持有人，以及不时成为本协议缔约方或其相关权利已根据本协议转让的获准受让人。
“Hong Kong” means the Hong Kong Special Administrative Region of the People’s Republic of China.
"香港 "指中华人民共和国香港特别行政区。
“Indemnification Agreement” has the meaning given to such term in the Series B Share Subscription Agreement.
"补偿协议 "具有《B 系列股份认购协议》中赋予该术语的含义。
“Initiating Holders” means, with respect to a request duly made under Section 2.1 or Section 2.2 to Register any Registrable Securities, the Holders initiating such request.
就根据第 2.1 节或第 2.2 节正式提出的登记任何可登记证券的请求而言，"发起持有人" 指发起该请求的持有人。
“Intellectual Property” means any and all intelleetual properties, including without limitation: (i) patents, patent rights and applications therefor and reissues, reexaminations, continuations, continuations-in-part, divisions, and patent term extensions thereof, (ii) inventions (whether patentable or not), discoveries, improvements, concepts, innovarions and industrial models, (iii) registered and unregistered copyrights, copyright registrations and applications, mask works and registrations and applications therefor, author’s rights and works of authorship (including artwork, software computer programs, source code, object code and executable code, firmware, develop̂ment tools, files, records and data, and related documentation), (iy) URLs, web sites, web pages and any part thereof, (v) technical information, know-how, trade secrets, drawings, designs, design protocols, specifications, propretary/data, customer lists, databases, proprietary processes, technology, formulae, and algorithms, (vi) trade names, trade dress, trademarks, domain names, service marks, logos, business names, and registrations and applications therefor, and (vii) the goodwill symbolized or represented by the foregôing.
"知识产权 "是指任何及所有知识产权，包括但不限于(i) 专利、专利权及其申请和重新颁发、复审、延续、部分延续、分割和专利期限延长，(ii) 发明（无论是否可申请专利）、发现、改进、概念、创新和工业模型，(iii) 已注册和未注册版权、版权注册和申请、面具作品及其注册和申请、作者权利和著作权作品（包括艺术品、软件计算机程序、源代码、目标代码和可执行代码、固件、开发工具、文件、记录和数据以及相关文档），(iy) URL、网站、网页及其任何部分，(v) 技术信息、诀窍、商业秘密、图纸、设计、设计协议、规格、建议/数据、客户名单、数据库、专有工艺、技术、公式和算法，(vi) 商号、商业外观、商标、域名、服务标志、徽标、企业名称以及相关注册和申请，(vii) 前述内容所象征或代表的商誉。

Investors. 投资者。
“Investor Directors” means the Director designatedby the Series A Investor and the Director designated by EGP. Notwithstanding the foregoing, the aforesaid Investor shall no longer be entitled to appoint a director, and the Investor Director appointed by such Investor shall resign if.(i) the aggregate shareholding percentage of such Investor does not rank among the top two positions among all the Investors and is less than four percent (4%); or (ii) such Investor invests in a Competitor. For the avoidance of doubt, the foregoing provision (i) is not applicable to Bilibili as a strategic Investor.
"投资者董事 "指A 系列投资者指定的董事和EGP 指定的董事。尽管有上述规定，如果(i)该投资者的合计持股比例不在所有投资者中排名前两位且低于百分之四(4%)；或(ii)该投资者投资于竞争对手，上述投资者将不再有权任命董事，且该投资者任命的投资者董事应辞职。为免生疑问，上述条款 (i) 不适用于作为战略投资者的 Bilibili。
“IPO” means the first firm underwritten registered public offering by the Company of its Ordinary Shares (whether pursuant to a Registration Statement that is filed with and declared effective by the Commission under the Applicable Securities Laws or otherwise).
"首次公开募股 "指公司首次确定包销其普通股的注册公开募股（无论是根据根据适用证券法或其他法律向委员会提交并由委员会宣布生效的注册声明）。
“Issue Price” means the Series A Issue Price and/or the Series B Issue Price, as applicable.
"发行价 "指 A 系列发行价和/或 B 系列发行价（如适用）。
“Law” or “Laws” means, with respect to any Person, relevant provisions of any constitution, treaty, statute, law, regulation, ordinance, code, fute-(including listing ftlles and regulations), judgment, rule of commonlaw, order, Governmental Orders, decree, award, injunction, government aproval, concession, grant, franchise, license, agreement, directive, requirement, or other governmental restriction or any similar form of decision of, or determination by, or interpretation and administration of any of the foregoing by, any Governmental Authority, whether in effect as at the date hereof or thereafter and in each case as amended or re-enacted, applicable to such Person or any of its assets or undertakings.
"法律 "或 "Laws "就任何个人而言，指任何宪法、条约、成文法、法律、法规、条例、法典、法规（包括上市规则和条例）、判决、普通法规则、命令、政府命令、法令、裁决、禁令、政府批准、特许权、授予、特许经营权、许可、协议、指令、要求或其他政府限制的相关规定，或任何政府当局作出的任何类似形式的决定、裁定或对上述任何规定的解释和管理，无论其在本协议日期或其后是否有效、或其他政府限制，或任何政府机构的任何类似形式的决定、裁定，或对上述任何事项的解释和管理，无论其在本协议日期或其后是否有效，在每种情况下是否经修订或重新颁布，是否适用于该人士或其任何资产或业务。
“Material Adverse Effect” neans any situation, change, or impact that relates to the Group Companies or its Principal Business (as defined in the
"重大不利影响 "是指与集团公司或其主要业务（定义见《公司法》）有关的任何情 况、变化或影响。

Memorandum and Articles), either individually or conlectively, (a) significantly and adversely affect the assets, liabilities, operationa-performance, or financial condition of the Principal Business of the Group Companies, (b) significantly and adversely affect the qualifications or capabilities of the Group Companies for its current or future business operations, or (e) materially impair the ability of any party to any of the Transaction Documents (other than the Investors) to perform the material obligations of such party under any Transaction Documents; or materially impair the validity or enforceability of this Agreement or any other Transaction Document against any party hereto or thereto (other than the Investors).
(a)對集團公司主要業務的資產、負債、經營業績或財務狀況造成重大不利影響；(b)對集團公 司現時或日後經營業務的資格或能力造成重大不利影響；或(e)對任何交易文件的任何訂約方 （投資者除外）履行其在任何交易文件下的重大責任的能力造成重大損害；或严重损害本协议或任何其他交易文件的有效性或对本协议或任何其他交易文件的任何一方（投资方除外）的可执行性。
“Memorandum and Articles” means the Second Amended and Restated Memorandum ancAptic les of Association of the Company, as each may be amended and/or restated from timé tơ time.
"组织章程大纲及细则 "指《公司组织章程大纲及细则第二次修订与重述》，每份均可随时修订及/或重述。
“Majority Shareholders” means the holders of more than 50% of the voting power of the then issued and outstanding Shares.
"多数股东 "指持有当时已发行股票 50%以上表决权的股东。
1 “Ordinary Shares” means the Company’s ordinary shares, par value US$1 per share.
1 "普通股 "指公司的普通股，每股面值 1 美元。

“Ordinary Shareholders” means the holders of the Ordinaty Shares.
"普通股股东 "指普通股持有人。
“Person” shall be construed as broadty as possible and shall include an individual, a partnership (including a limited liability partnership), a company, an association, a joint stock company, a limited liability company, a trust, a joint venture (including a Sino-foreign equity joint venture or Sino-foreign cooperative joint venture), an unincorporated organization and a Governmental Authority.
"个人 "的含义应尽可能广泛，包括个人、合伙企业（包括有限责任合伙企业）、公司、协会、股份公司、有限责任公司、信托、合资企业（包括中外合资经营企业或中外合作经营企业）、非法人组织和政府机构。
“PRC” means the People’s Republic of China, but solely for the purposes of this Agreement and the other Trarisaction Documents, excluding Hong Kong, the Macau Special Administrative Region and the islands of Taiwan.
"中国 "指中华人民共和国，但仅就本协议及其他三方协议文件而言，不包括香港、澳门特别行政区和台湾岛。
“Preferred Shareholders” means the holders of Preferred Shares.
"优先股股东 "指优先股的持有人。

“Preferred Shares” means the Series A Preferred Shares and the Series B Preferred Shares thenlissued and outstanding (with each of such Preferted Shares being referred to as a “Preferred Share”).
"优先股 "指当时已发行并流通在外的 A 系列优先股和 B 系列优先股（每股此类优先股均称为 "优先股"）。

• “Series B Preferred Shares” means the redeemable conyertible Series B Preferred Shares of the Company, par value US$1 per share, with the rights and privileges as set forth in the Memorandum and Articles and this Agreement.
  "B 系列优先股 "是指公司的可赎回可分辨 B 系列优先股，每股面值 1 美元，其权利和特 权载于《备忘录》和《章程》以及本协议。
  “Series B Issue Price” means US$ equivalent of CNY 34,500 for the Series B Preferred Shares or the Warrant Shares per share (as appropriately adjusted for any share split, share division, share combination, share dividend or similar events).
  "B 系列发行价 "指相当于每股 B 系列优先股或认股权证 34,500 元人民币的美元发行价（根据任何股份拆细、股份分割、股份合并、股份分红或类似事件进行适当调整）。
  “Series Seed Investor” means the holder of the Series Seed Shares.
  "系列种子投资者 "指系列种子股票的持有人。
  “Series Seed Shares” means the Ordinary Shares of the Company currently
  "种子系列股票 "指公司目前的普通股
  held by EGP, which, upon the triggering of a Redemption Trigger Event (as defined in this Agreement) due to any Founder’s fraud will be automatically deemed as Series Seed Shares with the rights and privilegesas setforth in Section 3 of Schedule $\underset{―}{A}$$\underset{\_}{A}$A_\underline{A} of the Memorandum and Articles and Section 9 of this Agreement. For the avoidance of doubt, Series Seed Shares shall not be construed as Preferred Shares.
  由 EGP 持有的系列种子股票，在因任何创始人欺诈而触发赎回触发事件（定义见本协 议）时，将自动被视为系列种子股票，并享有《章程大纲和细则》附表 $\underset{―}{A}$$\underset{\_}{A}$A_\underline{A} 第 3 节及本协议第 9 节所规定的权利和特权。为免生疑问，系列种子股票不得解释为优先股。
  “Shares” means the Ordinary Shares and the Preferred Shares.
  "股份 "指普通股和优先股。
  “Subsidiary” means, with respect to any given Person, any other Person that is Controlled directly or indireetly by such given Person.
  "子公司 "就任何特定个人而言，指由该特定个人直接或间接控制的任何其他个人。
  “Trade Sale” meansany of the following events:
  "贸易销售 "是指下列任何事件：
  (i) any consolidation, amalgamation, scheme of arrangemen or merger of any Group Company with or into any other Person or other corporate reorganization or other transaction, in which the members or shafeholders of such Group Company immediately prior to such consolidation, amalgamation, scheme of arrangement, merger, reorganization or transaction, own less than fiffy percent (50%) of such surviving entity’s voting power or share capital in the aggregate immediately after such consolidation, amalgamation, scheme of arrangement, merger, reorganization or transaction, or any transaction or series of related transactions in which in excess of fifty percent (50%) of a Group Company"s ooting power or share capital is Transferred, or the Founder, Lin Jun, loses control of the Company;
  (i) 任何集团公司与任何其他公司的合并、兼并、安排计划或兼并，或其他公司重组 或其他交易，而该集团公司的成员或股东在紧接该合并、兼并、安排计划、兼并、 重组或交易之前拥有的表决权或股本在紧接该合并、兼并、安排计划、兼并、重组 或交易之后合计少于百分之五十（50%）、在緊接上述合併、兼併、安排計劃、合併、重組或交易後，或在任何交易或一系列相關交易中，集團公司的投票權或股本被轉讓超過百分之五十（50%），或創辦人林軍失去對公司的控制權；
  (ii) a sale, transfer, lease or other disposition of, or an incurrence of Encumbrance on, all or substantially all of the assets, properties, rights, goodwill, undertakings or businesses of any Group Company, whether in a single transaction or a series of related transactions; 0 ;
  (ii) 集团公司全部或大部分资产、财产、权利、商誉、事业或业务的出售、转让、租 赁或其他处置，或发生债务负担，无论是单一交易还是一系列相关交易； 0 ；
  (iii) a sale, transfer, exelusive licensing or other disposition of, or an incurrence of Encumbrance on, all or substantially all of any Group Company’s Intellectual Property to or in favor of any Person (other than another Group Company), whether in a single transaction or a series of related transactions.
  (iii) 集团公司向任何个人（集团公司除外）出售、转让、许可使用或以其他方式处 置集团公司的全部或实质上全部知识产权，或以任何个人（集团公司除外） 为受益人对集团公司的全部或实质上全部知识产权进行抵押，无论是在单项交 易中还是在一系列相关交易中。
  “Transaction Documents” means this Agreement, the Purchase Agreements, the Share Transfer Agreement, the Second Amended and Restated Memotandum and Articles of Association, the Loan Agreement (as defined in the Warrant Purchase Agreement), the Warrant, each Deed of Adherence (as defined in this Agreement), the Indeminifation Agreement, and each of the other agreements and documents otherwise required in connection with implementing the transactions-contemplated by any of the foregoing.
  "交易文件」指本協議、購買協議、股份轉讓協議、第二份經修訂及重列組織章程大綱及章程細則、貸款協議（定義見認股權證購買協議）、認股權證、每份恪守契據（定義見本協議）、彌償協議，以及就實施上述任何一項所擬進行的交易而另行規定的每份其他協議及文件。
  “Transfer” means, with respect to any Equity Securities of any Person, (i) when used as a verb, to sell, assign, dispose of, excbange, pledge, encumber, hypothecate or otherwise transfer such Equity Securities or any participation or interest therein, whether directly or indirectly (including pursuant to a derivative transaction or any arrangement that transfers to another, in whole or in part, any legal title or beneficial ownership of such Equity Securities or any of the economic consequences or incidents of ownership of sueh Equity Securities or any interest therein or which transfers or derives any significant part of its value from such Equity
  就任何人士的任何股本證券而言，「轉讓」指：(i) 作為動詞使用時，出售、轉讓、處 置、變賣、質押、抵押或以其他方式轉讓該等股本證券或其中任何參與或權益，不 論直接或間接（包括根據衍生交易或任何安排將全部或部分該等股本證券的任何法 定所有權或實益擁有權，或該等股本證券或其中任何權益的任何經濟後果或所有權附 帶物，或該等股本證券或其中任何權益的任何重大部分轉讓或衍生）、全部或部分將該等股本證券的任何法定所有權或實益擁有權或擁有該等股本證券或其中任何權益的任何經濟後果或附帶利益轉讓予他人，或將其價值的任何重要部分從該等股本證券中轉移或賺取
  

  

Securities, irrespective of whether the settlement of which is by delivery of any Equity Securities of any Person, or in cash or otherwise), of agree or commit to do any of the foregoing; and (ii) when used as a noun, a direct or indirect sale, assignment, disposition, exchange, pledge, Encumbrance, hypothecation, or other transfer of such Equity Securities or any participation on inferest therein (including pursuant to a derivative transaction or any arrangement that transfers to another, in whole or in part, any legal title or beneficial ownership of such Equity Securities or any of the economic consequences or incidents of ownership of such Equity Securities or any interest therein or which transfers or derives any significant part of its value from such Equity Securities, irrespective of whether the settlement of which is by delivery of any Equity Secunities of any Person, or in cash or otherwise), or any agreement or commitment to do any of the-foregoing.
(ii)當用作名詞時，指直接或間接出售、轉讓、處置、交換、質押、產權負擔、抵押或以其他方式轉讓該等股本證券或其中任何參與權益（不論是以交付任何人士的任何股本證券或以現金或其他方式），或同意或承諾作出上述任何行為；(ii) 當作名詞使用時，指直接或間接出售、轉讓、處置、交換、質押、產 權負擔、抵押或以其他方式轉讓該等股本證券或其中任何權益的參與 （包括根據衍生工具交易或任何安排將全部或部分股本證券或其中任何 權益轉讓予他人）、該等股本證券的任何法定所有權或實益擁有權，或該等股本證券或其中任何權益的所有權的任何經濟後果或附帶條件，或該等股本證券的任何重大部分價值的轉讓或衍生，不論其結算方式是交付任何人士的任何股本證券，或以現金或其他方式），或作出上述任何行為的任何協議或承諾。
“US$” means the lawful currency of the United States.
"美元 "指美国的法定货币。

“Warrantors” means the Group Companies, the Founders and other Ordináry Holder (other than EGP).
"认股权证持有人 "指集团公司、创始人及其他认股权证持有人（EGP 除外）。
"“Warrant” means the warrant to subscribe for 286 Series B Preferred Shares issued by the Company to Hengdian (as defined in the Warrant Purchase Agreement).
"认股权证 "指本公司向横店发行的可认购 286 股 B 系列优先股的认股权证（定义见认股权证购买协议）。
“Warrant Shares” means the 286 Series BPreferred Shares to be issued by the Company to Hengdian upon the full exercise of the Warrant.
"认股权证股份 "指本公司在认股权证全部行使后将向横店发行的 286 股 BP 系列优先股。
1.2 Interpretation. For all purposes of this Agreement, except as otherwise expressly herein provided, (i) the terms defined in this Section 1.2 shall have the meanings assigned to them in this Section 1 and include the plural as well as the singular, (ii) all references in this Agreement to designated “Sections” and other subdivisions are to the designated Sections and other subdivisions of the body of this Agreement, (iii) pronouns of either gender or neuter shall include, as appropriate, the other pronoun forms, (iv) the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particulan Section or other subdivision, (v) all references in this Agreement to designated Schedules, Exhibits and Appendices are to the Schedules, Exhibits and Appendices attached to this Agreement, (vi) references to this. Agreement, any other Transaction Documents and any other document shall be construed as references to such document as the same may be amended, supplemented ornovated from time to time, (vii) the term “or” is notexclusive, (viii) the term “including” will be deemed to be followed by, “but not limited to”, whether or not they are in fact followed by such words or words of like import the terms “shall”, “will”, and “agrees” are mandatory, and the tenn “may” is permissive, the phrase “directly or indirectly” means directly, or indirectly through one or more intermediate Persons or through contractual or other arrangements, and “direct or indirect” has the correlative meaning, (ix) the expressions “Party”, “Series A Investor”, “Series B Investor(s)”, “Investor”, “Holder”, “Preferred Shareholder”, or any other Person shall, unless the context prohibits, include their respective successors, permitted transferees and assigns and any Persons deriving title under it, (x) the term “voting power” refers to the number of votes attributable to the Shares (on an as-converted basis) in accordance with the terms of the Memorandum and
1.2 解释。就本协议的所有目的而言，除非本协议另有明确规定，(i) 本第 1.2 节所定义的术语应具有本第 1.2 节所赋予的含义，并包括复数和单数，(ii) 本协议中所有提及的指定 "章节 "和其他章节均应具有本第 1.2 节所赋予的含义。(ii) 本协议中所有提及的指定 "章节 "和其他分节均指本协议正文中的指定章节和其他分节， (iii) 性别代词或中性代词应酌情包括其他代词形式、(iv) "在此"、"在此 "和 "根据本协议 "等词语以及其他类似含义的词语是指整个本协议，而不是指任何具体的章节或其他分节， (v) 本协议中所有提及指定附表、附录和附件之处均指本协议所附的附表、附录和附件， (vi) 凡提及本......或......(vii) 术语 "或 "不具有排他性，(viii) 术语 "包括 "将被视为后面跟有 "但不限于"，无论其后是否跟有此类词语或类似含义的词语，"应"、"将 "和 "同意 "均为强制性词语，而 "可 "则为强制性词语、应"、"将 "和 "同意 "是强制性的，而 "可 "是允许性的、(ix) "缔约方"、"A 系列投资者"、"B 系列投资者"、"投资者"、"持有 人"、"优先股股东 "或任何其他人等表述应、(x) 术语 "投票权 "是指根据《备忘录》的条款和《公司章程》的规定，股份（按换算基 准）应占的投票数。

2. Demand Registration. 2.需求登记。

2.1 Registration Other Than on Form F-3 or Form S-3. Subject tothe terms of this Agreement, at any time or from time to time after the earlier of ( x ) Januaty 28,2027, or (y) the last day of the sixth (6th) month after the closing of an IPO Holder(s) holding ten percent (10%) or more of the voting power of the then issued and outstanding Preferred Shares (including Ordinary Shares converted therefrom) (voting together as a single class on an as- converted basis) are entitled to request in writing that the Company effect a Registration for the amount of Registrable Securities specified in such written request subject to the terms and conditions hereof. The Company shall (x) withinten (10) Business Days after receipt of such a request give written notice of the proposed Registration to all other Holders and (y) as soon as practicable, cause the Registrable Securities specified in the request, together with any Registrable Securities of any Holders who request in writing to join such Registration within fifteen (15) days after the Company’s delivery of written notice, to be Registered and/or qualified for sale and distribution in such jurisdiction as the Initiating Holders may request. The Company shall not be obligated to effect more than four (4) Registrations pursuant to this Section 2.1 that have been declared and ordered effective; provided, further, that if the sale of all of the Registrable Securities sought to be included pursuant to this Section 2.1 is not consummated for any reason other than solely due to the action or inaction of the Holders including Registrable Securities in such Registration, such Registrationshall not be deemed to constitute one of the Registration rights granted pursuant to this Section 2.1.
2.1 非 F-3 表或 S-3 表注册。在遵守本协议条款的前提下，在 ( x ) 2027 年 1 月 28 日（以较早者为准）之后的任何时间或不时、或 (y) 首次公开发行结束后第六（6）个月的最后一天，持有当时已发行优先股（包括由此转换的普通股）百分之十（10%）或以上投票权的持有人（按转换基准作为单一类别共同投票）有权书面请求公司根据本协议的条款和条件对该书面请求中指定的可注册证券金额进行注册。本公司須(x)於收到有關要求後十(10)個營業日內向所有其他持有人發出建議註冊的書面 通知，及(y)於實際可行情況下盡快安排將要求中指定的可登記證券，連同於本公司發出書面 通知後十五(15)日內以書面形式要求參與有關註冊的任何持有人的任何可登記證券，在發 起註冊的持有人可能要求的司法管轄區註冊及／或取得銷售及分銷資格。本公司無義務根據本第 2.1 條進行超過四（4）項已宣佈及頒令生效之登記；惟倘根據本第 2.1 條尋求包括之所有可登記證券之銷售因任何原因而未能完成，而非僅因包括可登記證券在內之持有人之行為或不作為所致，則該等登記將不被視為構成根據本第 2.1 條授出之登記權之一。
2.2 Registration on Form F-3 or Form S-3. The Company shalluse its best efforts to qualify for registration on Form F-3 or Form S-3. Subject to the terms of this Agreement, if the Company qualifies for registration on Form F-3 or Form S3 (or any comparable form for Registration in a jurisdiction other than the United States), any Holder is entitled to request the Company to file, in any jurisdiction in which the Company has had a registered underwritten public offering, unlimited number of Registration Statements on Form F-3 or Form S-3 (or any comparable form for Registration in a jurisdiction other than the United States), including, without limitation any Registration Statements filed under the Securities Act providing for the registration of, and the sale on a continuous or a delayed basis by the Holders of, all of the Registrable-Securities pursuant to Rule 415 under the Securities Act and/or any similar rule that may be adopted by the Commission, subject to the terms and conditions hereof. Upon receipt of such a request, the
2.2 按 F-3 表或 S-3 表注册。公司应尽最大努力取得 F-3 表或 S-3 表的注册资格。在不违反本协议条款的前提下，如果公司符合 F-3 表或 S-3 表（或美国以外司法管辖区的任何类似注册表 格）的注册条件，则任何持有人有权要求公司在其已进行注册包销公开发行的任何司法管辖区，以 F-3 表或 S-3 表（或美国以外司法管辖区的任何类似注册表 格）提交数量不限的注册声明、包括但不限于根据《证券法》提交的任何登记声明，其中规定根据《证券法》第 415 条和/或委员会可能通过的任何类似规则，在符合本协议条款和条件的前提下，登记所有可登记证券，并由持有人持续或延迟销售。在收到该请求后

2.3 Right of Deferral
2.3 推迟权

(i) TheCompany shall not be obligated to Register or qualify Registrable Securities pursuant to this Section 2:
(i) 公司没有义务根据本第 2 节登记可登记证券或使其符合资格：
(a) during the period starting with the date of filing by the Company of, and ending six (6) months following the effective date of, any Registration Statement pertaining to Ordinary Shares of the Compary other than an Exempt Registration; provided, that the Holders are entitled to join such Registration in accordance with Section 3;
(a) 自本公司提交与公司普通股相关的任何登记声明（豁免登记除外）之日起至其生效之日后六（6）个月止的期间内；但持有人有权根据第 3.A.条的规定加入该登记；

(b) in any jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such Registration or qualification, unless the Company is alyeady subject to service of process in such jurisdiction; or
(b) 在任何司法管辖区内，而在该司法管辖区内，公司在办理注册或取得注册资格时需要签署送达诉讼文书的一般同意书，除非公司已准备好接受该司法管辖区的诉讼文书送达；或 (c) 在任何司法管辖区内，而在该司法管辖区内，公司在办理注册或取得注册资格时需要签署送达诉讼文书的一般同意书。
© with respect to the registration on Form F-3 or Form S-3 (or any comparable form for Registration in a jurisdiction other than the United States), if Form F-3 is not available fonsuch offering by the Holders.
如果 F-3 表格无法满足持有人的发售要求，则应在 F-3 表格或 S-3 表格（或美国以外司法管辖区的任何类似注册表格）上进行注册。
(ii) If, after receiving a request from Holders pursuant to Section 2.1 or Section 2.2 hereof, the Company furnishes to the Holders a certificate signed by the chief executive officer of the Company stating that, in the good faith judgment of the Board (including the affirmative vote of Investor Directors), it would be materially detrimental to the Company or its members for a Registration Statement to be filed in the neat future, then the Company shall have the right to defer such filing for a period during which such filing would be materially detrimental, provided, that the Company may not utilize this right (x) for a Registration unden Section 2.1 for more than ninety (90) days and (y) for a Registration under Section 2.2 for more thap sixty (60) days, on any one occasion or more than once during any twelve (12) month period; provided, further, that the Company may not Register any of its other Equity Securities during such period (except for Exempt Registrations).
(ii) 如果在收到持有人根据本协议第2.1 节或第2.2 节提出的请求后，公司向持有人提供由公司首席执行官签署的证明书，说明根据董事会的善意判断（包括投资人董事的赞成票），本协议第2.1 节2 条的要求后，本公司向持有人提供一份由本公司首席执行官签署的证明书，说明根据董事会的善意判断（包括投资人董事的赞成票），在近期内提交注册声明将对本公司或其成员造成重大损害，则本公司有权在提交注册声明将造成重大损害的期间内推迟提交注册声明，但本公司不得在以下情况下行使此项权利：(x) 根据第2.(y) 根據第 2.2 條進行登記超過六十 (60) 天，或在任何十二 (12) 個月期間使用此項權利超過一次；此外，公司不得在此期間登記其任何其他股本證券（豁免登記除外）。
2.4 Underwritten Offerings. If, in connection with a request to Register Registrable Securities under Section 2.1 or Section 2.2, the Initiating Holders seek to distribute such Registrable Securities in an underwritten offering, they shall so advise the Company as a part of the request, and the Company shall include such information in the written notice to the othen Holders described in Section 2.1 or Section 2.2. In such event, the right of any Holder to include its Registrable
2.4 包銷發售。如果在根据第 2.1 条或第 2.2 条申请注册可注册证券时，发起持有人寻求以包销方式发行该等 可注册证券，他们应将此作为申请的一部分告知公司，公司应将此信息纳入第 2.1 条或第 2.2 条所述给其他持有人的书面通知中。在此情况下，任何持有人将其可注册证券纳入包销发行的权利将被取消。

3. Piggyback Registrations.
3.捎带注册。

3.1 Registration of the Company’s Securities. Subject to the terms of this Agreement, if the Company proposes to Register for its-wnf account any of its Equity Securities, or for the account of any Person (other than a Holder) any of such Person’s Equity Securities in the Company, in connection with the public offering of such Equity Securities (except for Exempt Registrations), the Company shall promptly give each Holder written notice of such Registration and, upon the written request of any Holder given within fifteen(15) days after delivery of such notice, the Company shall include in such Registration any Registrable Securities thereby requested to be Registered by such Holder If a Holder decides not to include all or
3.1 公司证券的登记。在本協議條款之規限下，倘本公司擬就本公司任何股本證券之公開發售（豁免登記除外）為其自身或任何人士（持有人除外）登記其於本公司之任何股本證券、本公司須立即向各持有人發出有關登記的書面通知，而在任何持有人於發出該通知後十五（15）日內提出書面要求時，本公司須將該持有人因此而要求登記的任何可登記證券納入該登記內。

any of its Registrable Securities in such Registration by the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent Registration Statement or Registration Statements as may be filed by the Company, all upon the terms and conditions set forth herein. For the avoidance of doubt, Registration pusuant to this Section 3.1 shall not be deemed to be a demand registration as described in Section 2.1 above. There shall be no limit on the number of times the Holders may request Registration of Registrable Securities under this Section 3.1.
倘若持有人不同意本公司將其任何可登記證券納入該項登記，則該持有人仍有權將任 何可登記證券納入本公司其後可能提交之任何一項或多項登記聲明中，惟須遵守本條款所載之 條款及條件。为免生疑问，根据本第 3.1 条进行的注册不应被视为上文第 2.1 条所述的要求注册。持有人根据本第 3.1 节要求登记可登记证券的次数不受限制。
3.2 Right to Terminate Registration. The Company shall have the right to terminate or with draw any Registration initiated by it under Section 3.1 prior to the effectiveness of sueh Registration, whether or not any Holder has elected to participate thetein. The expenses of such withdrawn Registration shall be borne by the Company in accordance with Section 4.3. notice under Section 3.1 is for an underwritten offering, then the Company shall so advise the Holders of Registrable Securities, and shall not be fequired to Register the Registrable Securities of a Holder under this Section 8 unless such Holder’s Registrable Securities are included in the underwritten offerng and such Holder enters into an underwriting agreement in gustomary form with the managing underwriter or underwriters of internationally reeognized standing selected by the Company and setting forth such terms for the undeprritten offering as have been agreed upon between the Company and the underwriters. In the event the underwriter(s) advise(s) Holders seeking Registration of Registrable Securities pursuant to this Section 3 in witing thatmarket factors (including the aggregate number of Registrable Securities requested to be Registered, the general condition of the market, and the status of the Rersons proposing to sell securities pursuant to the Registration) require a limitation of the number of Registrable Securities to be underwritten, the underwriters may exclude up to seventy percent (70%) of the Registrable Securities requested to be Registered but only after first excluding al other Equity Securities held by Persons other than the Series A Investor and the Series B Investors or their respective Affiliates holding Registrable Securities, including, without limitation, any Person who is an employee, officer or director of any Group Company (except for securities sold for the account of the Company) from the Registration andunderwriting, provided, that the number of Registrable Secuйties to be included in the Registration on behalf of the non-excluded Holders is allocated among all non-excluded Holders in proportion, as nearly as practicable, to the respective amounts of Registrable Securities requested by such Holders to be included. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of Registrable Securities allocated to a Holder to the nearest ten (10) shares.
3.2 终止登记的权利。公司 "有权在登记生效前终止或撤回其根据第 3.1 条发起的任何登记，无论是否有持有人选择参与登记。公司应根据第 4.3 节承担撤回注册的费用。如果第 3.1 节规定的通知是针对包销发行的，则公司应通知可登记证券的持有人、除非持有人之可註冊證券被納入包銷發售，且該持有人與本公司選定之一間或多間具有國際 公認地位之主要包銷商簽訂符合慣例格式之包銷協議，並列明本公司與包銷商就非包銷發售所 協定之條款，否則本公司無義務根據本第 8 條對持有人之可註冊證券進行註冊。 如果承销商告知根据本第 3 节寻求注册可注册证券的持有人，市场因素（包括申请注册的 可注册证券总数、市场总体状况以及拟根据注册出售证券的注册人的状况）要求限制承销 的可注册证券数量、承销商可排除最多百分之七十 (70%) 申请注册的可注册证券，但必须首先排除除 A 系列投资者和 B 系列投资者或其各自持有可注册证券的关联方以外的其他人士持有的所有其他股权证券、包括但不限於任何集團公司的僱員、高級職員或董事（為本公司賬戶出售的證券除 外），均不得參與登記及包銷，惟代表未被剔除持有人參與登記的可登記證券數 目，將盡可能根據該等持有人要求參與登記的可登記證券各自的數額，按比例在所 有未被剔除持有人之間分配。为便于根据上述规定分配股份，公司或承销商可将分配给持有人的可注册证券数量四舍五入至最接近的十（10）股。
(ii) If any Holder disapproves theterms of any underwriting, the Holder may elect to withdraw therefromby written notice to the Company and the underwriters delivered at least ten (10) days prior to the effective date of the Registration Statement. Any Registrable Securities excluded or withdrawn from the
(ii) 如任何持有人不同意任何包銷條款，持有人可選擇於登記聲明生效日期前至少十 (10) 日向本公司及包銷商提交書面通知退出包銷。任何被排除或退出的可注册证券
underwritten offering shall be withdrawn from the Registration.
应从注册中撤销包销发行。
(iii) Exempt Registrations. The Company shall have no obligation to Register any Registrable Securifies yunder this Section 3 in connection with a Registration by the Company relating solely to the sale of securities to participants in a Company share incentive plan, or relating to a corporate reorganization or other transaction under Rule 145 of the Securities Act (or comparable provision under the Laws of another jurisdiction, as applicable) (collectively, “Exempt Registrations”).
(iii) 豁免登记。对于仅与向公司股权激励计划参与者出售证券有关的公司注册，或与公司重组或《证券法》第 145 条规定的其他交易（或其他司法管辖区法律的类似规定，如适用）有关的公司注册（统称 "豁免注册"），公司没有义务根据本第 3 条注册任何可注册证券。

4. Registration Procedures.
4.注册程序。

4.1 Registration Procedures and Obligations. Whenever required under this Agreement to effect the Registration of any Registrable Securities held by the Holders, the Company shall, as expeditiously as reasonably possible:
4.1 登记程序和义务。每当本协议要求对持有人持有的任何可登记证券进行登记时，公司应在合理可能的情况下尽快进行：

(i) Prepare and file with the Commission a Registration Statement with respect to those Registrable Securities and cause such Registration Statement to become effective, and, upon the request of the Holders holding a majority in voting power of the Registrable Sécurities Registered thereunder, keep the Registration Statement effective until the distribution thereunder has been completed;
(i) 就这些可注册证券编制一份注册说明书并提交委员会存档，使该注册说明书生效，并应持有据此注册的可注册证券多数表决权的持有人的要求，使该注册说明书保持有效，直至据此完成发行；
(ii) Prepare and file with the Commission amendments and supplements to such Registration Statement and the prospectus used in connection with such Registration Statement as may be necessary to comply with the provisions of Applicable Securities Laws with respect to the disposition of all securities covered by the Registration Statement;
(ii) 编写并向证监会提交对该注册声明及与该注册声明有关的招股说明书的必要修订和补充，以遵守适用证券法中有关处置注册声明所涵盖的所有证券的规定；
(iii) Funnish to the Holders the number of copies of a prospectus, including a preliminary prospectus, required by Applicable Securities Laws, and any other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them;
(iii) 向持有人提供适用证券法所要求的招股说明书（包括初步招股说明书）的副本数 量，以及他们可能合理要求的任何其他文件，以便于处置他们所拥有的可注册 证券；

(iv) Use its best efforts to Register and qualify the securities covered by the Registration Statement under the Applicable Securities Laws of any juristiction, as reasonably requested by the Holders, provided, that the Company shall not be required to qualify to do business or file a general consent to sevvice of process in any such jurisdictions, unless the Company is already subject to service - Iof process in such jurisdictions and except as may be required by the Securities Act;
(iv) 按照持有人的合理要求，尽最大努力根据任何司法管辖区的适用证券法对登记声明所涵盖的证券进行登记并使其符合资格，但公司无需获得在任何此类司法管辖区开展业务的资格，也无需提交在此类司法管辖区接受送达诉讼文书的一般同意书，除非公司已在此类司法管辖区接受送达诉讼文书的一般同意书，《证券法》可能要求的除外；
(v) In the event of any underwritter public offering, enter into and perform its obligations under an underwriting agreement, in customary form, with the managing underwriter(s) of the offering;
(v) 在任何承销商公开发售的情况下，与发售的主承销商签订并履行惯用格式的承销协议规定的义务；
(vi) Promptly notify each Holder of Registrable Securities covered by the Registration Statement at any time when a prospectus relating thereto is required to be delivered under Applicable Securities Laws of (a) the issuance of any stop order by the Commission; or (b) the happening of any event or the existence
(vi) 當根據適用證券法須就註冊聲明所涵蓋的可登記證券交付招股章程時，在下列 情況下隨時迅速通知各持有人：(a) 證監會發出任何停止令；或 (b) 發生任何事件或存在以下情況

of any condition as a result of which any prospectus included in the Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made, or if in the opinion of counsel for the Company it is necessary to supplement or amend such prospectus to comply with Law, promptly prepare and furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material faet or bontt to state a material fact required to be stated therein or necessaty to make the statements therein not misleading in light of the circumstances under which they were made or such prospectus, as supplemented or amended, shall comply with Law;
发现任何情况，致使当时有效的注册声明中包含的任何招股说明书包含对重要事实的不真实陈述，或遗漏陈述其中必须陈述的重要事实，或根据作出陈述时的具体情况，为使其中的陈述不产生误导而必须陈述的重要事实，或公司律师认为有必要补充或修订该招股说明书以符合法律规定、迅速编制并向该持有人提供合理份数的该招股说明书的必要补充或修订本，使此后交付给该等证券购买者的该招股说明书不包括对重要事实的不真实陈述，或不包含为使其中的陈述根据其作出时的情况不致产生误导而必须陈述的重要事实，或经补充或修订的该招股说明书符合法律规定；
amended, shal compy whe Law;
修订后的法律应符合本法；

Furnish, at the request of any Holder requesting Registration of Registrable Securities pursuant to this Agreement, on the date that such Registrable Securities are delivered for sale in connection with a Registration pursuant to,this Agreement, (A) an opinion, dated the date of the sale, of the counsel representing the Company for the purposes of the Registeation, in form and substance as is customarily given to underwriters in an underwfitten public offering and reasonably satisfactory to a majority in interest of the Holders requesting Registration, addressed to the underwriters, if any, and to the Holders requesting Registration of Registrable Securities; and (B) comfort letters dated as of (x) the effective date of the Registration Statement covering such Registrable Securities, and (y) the closing date of the offering, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders requesting Registration of Registrable Securities,
(viii) Otherwise comply with all applicable Laws, rules and regulations of the Commission to the extent applicable to the applicable Registration Statement and use its best efforts to make generally available to its security holders (or otherwise provide in aceordance with Section 11(a) of the Securities Act) an earnings statement satisfying the provisions of Section 11(a) of the Securities Act, no later than forty-five (45) days after the end of a twelve (12) month period (or ninety ( 90 ) days, if such period is a fiscal year) beginning with the first month of the Company’s/first fiscal quarter commencing after the effective date of such Registration Statement, which statement shall cover such twelve(12)nonth period, subject to any proper and necessary extensions;
(ix) Not, without the written consent of the Holders of at least two thirds of voting power of the then issued and outstanding Registrable Securities, make any offer relating to the Equity Securities that woutd constitute a “free writing prospectus”, as defined in Rule 405 promulgated under the Securities Act;
(x) Provide a transfer agent and registrar for all Registrable Securities Registered pursuant to the Registration Statement and, where applicable, a number assigned by the Committee on Uniform Securities Identification Procedures
for all those Registrable Securities, in each case not later than the effective date of the Registration; and
(xi) Take all reasonable action necessary to list the Registrable Securities on the primary exchange on which the Company’s securities are then traded or, in connection with a QIPO, the primary exchange on which the Company’s securities will be traded.
應要求根據本協議註冊可登記證券的任何持有人的要求，於該等註冊可登記證券根據 本協議註冊而交付出售當日，提供 (A) 代表本公司進行註冊的律師於出售當日出具的意見書、(A) 代表公司进行注册的法律顾问于销售当日出具的意见书，该意见书的形式和内容应符合在承销公开发售中向承销商出具的惯常形式和内容，并令大多数要求注册的持有人合理满意，该意见书的收件人应为承销商（如有）和要求注册可注册证券的持有人；(B) 公司獨立執業會計師於(x)涉及該等可註冊證券的註冊聲明生效日及(y)發售結 束日發出的安慰函，其形式及內容與獨立執業會計師在包銷公開發售中慣常給予包銷商的一 樣，並致包銷商（如有）及要求註冊可註冊證券的持有人， (viii) 在其他方面遵守所有適用法律、(viii) 在适用于适用登记声明的范围内，遵守委员会的所有适用法律、规则和法规，并尽最大努力，在不迟于《公司法》第 11(a)条生效日之后开始的十二（12）个月期间（或九十（90）天，如果该期间为财政年度）结束后四十五（45）天内，向其证券持有人普遍提供（或以符合《证券法》第 11(a)条规定的其他方式提供）符合《证券法》第 11(a)条规定的收益表。(ix) 未經當時已發行及流通在外之可註冊證券至少三分之二投票權持有人書面同 意，不得就股本證券提出構成「免費書面招股章程」（定義見證券法頒佈之規則第 405 條）之任何要約；(x) 为根据注册声明注册的所有可注册证券提供过户代理和注册机构，并在适用的情况下，为所有这些可注册证券提供统一证券识别程序委员会指定的编号，在每种情况下不得迟于注册生效日期；及 (xi) 采取一切必要的合理行动，使可注册证券在公司证券当时交易的主要交易所上市，或在与 QIPO 有关的情况下，在公司证券将交易的主要交易所上市。

5.1 Company Indemnity. 5.1 公司赔偿。

(i) To the maximum extent permitted by Law, the Company will indemnify and hold harmless each Holder, such Holder’s partners, officers, directors, shareholders, members, employees, legal counsel, agents, any underwriter (as defined in the Securities Act) for such Holder, and each Person, if any, who controls (as defined in the Securities Act) such Holder or underwriter, against any losses, claims, damages or liabilities (foint or several) to which any of the foregoing Persons may become subject under Laws which are applicable to the Company and relate to action or inaction required of the Company in connection with any Registration, qualification, orcompliance, insofar as such losses, claims, damages, or liabilities (or actions in respect heréf) arise out of or are based upon any of the following statements, omissions or violations (each a “Violation”): (a) any untrue statement or alleged untrue statement of a material fact contained in such Registration Statement (unless such Holder is actually aware of and expressly consents to the making of sueh untrue statement or alleged untrue statement), on the effective date thereof (including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto), (b) the omission or alleged omission to state in the Registration Statement, on the effective date thereof (including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto), a material fact required to be stated therein or necessary to make the statements therein not misleading, or © any violation or alleged Violation by the Company of Applicable Securities Laws, of any rule or regulation promulgated under Applicable Securities Laws. The Company will reimburse, as incurred, each such Holder, such Holder’s partners, officers, directors, shareholders, members, employees, legal counsel, agents, underwriters or controlling Persons for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action.
(i) 在法律允许的最大范围内，本公司将就任何损失、索赔、损害赔偿或责任（共同或各 自）向各持有人、该持有人的合伙人、高级职员、董事、股东、成员、雇员、法律 顾问、代理、该持有人的任何承销商（定义见证券法）以及控制（定义见证券法）该持 有人或承销商的任何人（如有）提供赔偿并使其免受损害、上述任何人士可能根据适用于本公司的法律，因本公司在任何注册、资格或合规方面的作为或不作为而遭受的任何损失、索赔、损害赔偿或责任（共同或各别），只要该等损失、索赔、损害赔偿或责任（或与之相关的行动）是因以下任何声明、遗漏或违规行为（各称 "违规行为"）引起或基于该等声明、遗漏或违规行为而产生：(a) 在其生效日（包括其中包含的任何初步招股说明书或最终招股说明书或其任何修订或补充），该注册声明中包含的任何不真实陈述或声称的不真实的重要事实陈述（除非该持有人实际知晓并明确同意作出该不真实陈述或声称的不真实陈述）， (b) 在注册声明中遗漏或声称遗漏陈述、(b) 在注册说明书生效之日（包括其中包含的任何初步招股说明书或最终招股说明书或其任何修订或补充），遗漏或声称遗漏陈述其中必须陈述的重要事实或使其中陈述不产生误导的必要事实，或 © 公司违反或声称违反适用证券法、根据适用证券法颁布的任何规则或法规。 公司将向每位持有人、持有人的合伙人、高级职员、董事、股东、成员、雇员、法律顾问、代理、承销商或控制人偿付他们在调查或辩护任何此类损失、索赔、损害、责任或诉讼时合理产生的任何法律或其他费用。

5.2 Holder Indemnity. 5.2 持有人赔偿。

(i) To the maximum extent permitted by Law, each selhng Holder that has included Registrable Securities in a Registration will, severahy and not jointly, indemnify and hold harmless the Company, its directors and officers who have signed the Registration Statement, any other Holder selling Equity Securities in connection with such Registration and each Person, if any, who controls (withir the meanitig of/the Securities Act) the Company, such underwriten or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any of the foregoing Persons may become subject under Applicable Securities Laws, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs solely in reliance upon and in conformity with written information furnished by such Holder for use in connection, with such Registration; and each such Holder will reimburse, as incurred, any Person intended to be indemnified pursuant to this Section 5.2, for any legal or other expenses reasonably incurred by such Person in connection with investigating or defending any such loss, claim, damage, liability or action. No Hofder s liability under this Section 5.2 (when combined with any amounts paid by sueh Holder pursuant to Section 5.4) shall
(i) 在法律允許的最大範圍內，將可註冊證券納入註冊的各自持人將就任何損失、索 償、損害賠償或法律責任（共同或個別）向本公司、其董事及簽署註冊聲明的高 級職員、任何其他出售與該註冊有關的股本證券的持有人及（根據證券法）控制本 公司、該承銷商或其他持有人的各人士（如有）作出賠償，使其免受損害、上述任何人士根据适用证券法可能承担的（共同或各别）损失、索赔、损害赔偿或法律责任，只要该等损失、索赔、损害赔偿或法律责任（或与此有关的诉讼）是因任何违规行为引起或基于任何违规行为，在每种情况下，该等违规行为的发生仅限于（且仅限于）完全依赖并符合该等持有人提供的与该注册有关的书面信息；且各持有人将在发生时向根据本第 5.2 节拟获得赔偿的任何人偿付任何法律或其他费用。各持有人将根据本第 5.2 节的规定，向任何拟获得赔偿的人士偿付因调查或辩护任何上述损失、索赔、损害、责任或诉讼而合理产生的任何法律或其他费用。Hofder 在本第 5.2 节下的任何责任（与起诉持有人根据第 5.4 节支付的任何金额合并计算）均不得
exceed the net proceeds received by such Holder from the offering of securities made in connection with that Registration.
超过该持有人从与该注册有关的证券发售中获得的净收益。
(ii) The indemnity contamed in this Section 5.2 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder (which consent shall not be unreasonably withheld or delayed).
(ii) 本第 5.2 节所述的赔偿不适用于为解决任何此类损失、索赔、损害、责任或诉讼而支付的 款项，如果此类解决是在未经持有人同意的情况下进行的（不得无理拒绝或拖延同意）。
5.3 Notice of Indemnification Claim. Promptly after receipt by an indemnified party under Section 5.4 or Section 5.2 of notice of the commencement of any action (includíng any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under Section 5.1 or Section 5.2 , defiyer to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the indemnifying parties. An indemnified party (together with al other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the reasonably incurred fees and expenses to be paid by the indemnifying party; if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party, to the extent so prejudiced, of any liability to the indemnified party under this Section 5, but the omission to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 5 . No indemnifying party, in the defense of any such clain or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.
5.3 赔偿索赔通知。在第 5.4 节或第 5.2 节规定的受补偿方收到任何诉讼（包括任何政府诉讼）开始的通知后，如果根据第 5.1 节或第 5.2 节规定向任何补偿方提出索赔，该受补偿方将立即向补偿方发出有关诉讼开始的书面通知。如果根据第 5.1 节或第 5.2 节向任何赔偿方提出索赔，则该赔偿方应向赔偿方发出关于索赔开始的书面通知，而赔偿方应有权参与，并在赔偿方希望的范围内，与任何其他类似的赔偿方共同承担辩护，由双方都满意的律师进行辩护。如果由于受补偿方与该律师所代表的任何其他方在此类诉讼中的实际或潜在利益不同，由补偿方聘请的律师代表受补偿方不合适，则受补偿方（连同可由一名律师代表而不发生冲突的所有其他受补偿方）应有权另行聘请一名律师，其合理产生的费用和开支由补偿方支付。如果未能在任何此类诉讼开始后的合理时间内向补偿方发出书面通知，从而损害了补偿方为此类诉讼进行辩护的能力，则应免除补偿方在受到损害的范围内根据本第 5 条对受补偿方承担的任何责任，但未向补偿方发出书面通知并不免除补偿方根据本第 5 条以外的规定对任何受补偿方承担的任何责任。 在任何此类索赔或诉讼的辩护过程中，除非征得各受补偿方的同意，否则任何受补偿方均不得同意作出任何判决或达成任何和解，如果其中不包括索赔方或原告向受补偿方提供免除与此类索赔或诉讼有关的所有责任的无条件条款。
5.4 Contribution. If any indemnification provided for in Section 5.1 or Section 5.2 is held by a court of competent jurisdiction to be unavailable to an indempified party with respect to any loss, liability, claim, dâmage or êxpense referred to herein, then each indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid orpayable by such indennnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other, in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a materia fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent,
5.4 分担。如果第 5.1 节或第 5.2 节中规定的任何赔偿被有管辖权的法院认定为不可用于赔偿本条款中提及的任 何损失、责任、索赔、损害或费用。2 节规定的任何补偿，则有管辖权的法院认为被补偿方无法获得本条款中提及的任何损失、责任、索赔、损害或费用，则补偿方应按适当比例分担该被补偿方因该等损失已支付或应支付的金额，以代替根据本条款对该被补偿方进行补偿、赔偿方和被赔偿方在导致上述损失、责任、索赔、损害或费用的声明或遗漏方面的相对过失， 以及任何其他相关的公平考虑因素。赔偿方和被赔偿方的相对过错应参照以下等因素确定：不真实或据称不真实的重大事实陈述或重大事实的遗漏是否与赔偿方或被赔偿方提供的信息有关，以及双方的相对意图、
knowledge, access to information, and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case: (A) no Holder will be required to contribute any amount (after combined with any amounts paid by such Holder pursuant to Section 5.2) in excess of the net proceeds to such Holder from the sale of all such Registrable Securities/Offered and sold by such Holder pursuant to such Registration Statement; and (B) no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.
然而，在任何此等情況下：(A)任何持有人均毋須繳付任何款項（與該持有人根據第 5.2 條支付的任何款項合計後）超過該持有人根據該登記聲明出售所有該等可登記證券／發行及售出的所得款項淨額；及(B) 任何犯有欺诈性虚假陈述罪的人（根据《证券法》第 11(f) 节的定义）无权从任何未犯有该欺诈性虚假陈述罪的人处获得分担。
5.5 Underwriting Agreement. To the extent that the offering includes Registrable Securities in a Registration Statement, the Company shall cause the provisions on indemificâtion and contribution contained in the underwriting agreement entered jinto in connection with the underwritten public offering to be consistent with the foregoing provisions.
5.5 承销协议。如果发行包括注册声明中的可注册证券，公司应使就公开包销发行签订的包销协议中包含的补偿和出资条款与上述条款保持一致。
5.6 Survival. The obligations of the Company and Holders under this Section 5 shall survive the completion of any offering of Registrable Securities in a Registration Statement under this Agreement, regardless of the expiration of any statutes of limitation or extensions of such statutes.
5.6 存续。公司和持有人在本第 5 条下的义务在根据本协议的注册声明完成任何可注册证券的发售后继续存续，无论任何诉讼时效或此类诉讼时效的延期是否到期。
6. Additional Registration-Related Undertakings.
6.与注册有关的补充承诺。
6.1 Reports under the Exchange Act Witha view to making available to the Holders the benefits of Rule 144 promulgated onder the Securities Act and any comparable provision of any Applicable Securities Laws that may at any time permit a Holder to sell Equity Securities of the Company to the public without Registration or pursuant to a Registration on Form F-3 or Form S-3 (or any comparable form in a jurisdictior other than the United States), the Company agrees to:
6.1 根据《交易法》提交的报告 为了向持有人提供根据《证券法》颁布的第 144 条以及任何适用证券法中的任何类似规定所带来的好处，即允许持有人在任何时候无需登记或根据 F-3 表或 S-3 表（或美国以外司法管辖区的任何类似表格）登记即可向公众出售公司的股权证券，公司同意
(i) make and keep public information available, as those terms are understood and defined in Rule 144 (or comparable provision, if any, under Applicable Securities Laws in any jurisdiction where the Company’s securities are listed), at all times following 90 days after the effective date of the first Registration under the Securities Âtt filed by the Company for an offering of its Equity Securities. to the general public;
(i) 在公司根据《证券法》首次提交发行股票的登记生效之日起 90 天后的所有时间内，按 照第 144 条（或公司证券上市的任何司法管辖区的适用证券法中的类似规定（如有））中对 这些术语的理解和定义，向公众提供并保持公开信息；
(ii) file with the Commission in a timely mannen all reports and other documents required of the Company under all Applicable Secunities Laws; and
(ii) 及时向委员会提交所有适用证券法要求公司提交的所有报告和其他文件；以及 (iii) 及时向委员会提交所有适用证券法要求公司提交的所有报告和其他文件。
(iii) at any time following ninety (90) days after the effective date of the first Registration under the Securities Act filed by the Company for an offering of its Equity Securities to the general public by the Company, promptly furnish to any Holder holding Registrable Securities, upon request (a) a written statement by the Company that it has complied with the reporting requirements of all Applicable Securities Laws at any time after it has become subject to such reporting requirements or, at any time after so qualified, that it qualifies as a registrant whose Equity Securities may be resold pursuant to Form F-3 or Form S-3 (or any form
(iii) 在公司根據證券法首次向公眾發售其股本證券的登記生效日期後九十 (90) 天後的任何時間，迅速向任何持有可登記證券的持有人提供、(a) 由公司出具的书面声明，证明其在符合所有适用证券法的申报要求后的任何时 间，或在符合申报要求后的任何时间，均已遵守该等申报要求，并证明其有资 格成为其权益证券可根据 F-3 表或 S-3 表（或任何表格）转售的注册人

comparable thereto under Applicable Securities Laws of any jurisdiction where the Company’s Equity Securities are listed), (b) a copy of the most recent annual or quarterly report of the Company and such øther reportsand documents as filed by the Company with the Commission, and, © such other information as may be reasonably requested in availing any Holder of any rule or regulation of the Commission, that permits the selling of any such Equity Securities without Registration or pursuant to Form F-3_or Form S-3 (or any form comparable thereto under Applicable Securities Laws of any furisdiction where the Company’s Equity Securities are listed).
(b) 本公司最近的年报或季报以及本公司向美国证券交易委员会提交的其他报告和文件的副本，以及、(c) 允许任何持有人在无需注册的情况下或根据 F-3 表或 S-3 表（或根据公司股权证券上市的 任何司法管辖区的适用证券法与之类似的任何表格）出售任何此类股权证券的委员会任何规 则或法规合理要求的其他信息。
6.2 Limifations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the written consents of holders of at least fifty percent ( $50\mathrm{\%}$$50\mathrm{\%}$50%50 \% ) of the voting power of the then issued and outstanding Registrable Securities held by all Holders (calculated on an as-converted basis) enter into any agreement with any holder or prospective holder of any Equity Securities of the Company that would allow such holder or prospective holder (i) to include such Equity Securities in any Registration filed under Section 2 or Section 3, anles under the terms of such agreement such holder or prospective holder may include such equity securities in any such Registration only to the extent that the inclusion of such equity securities will not reduce the amount of the Registrable Securities of the Holders that are included, (ii) to demand Registration of their Equity Securities, or (iii) to cause the Company to include such Equity Securities in any Registration filed under Section 2 or Section d hereof on a basis pari passu with or more favorable to such holder or prospective folder than is provided to the Holders of Registrable Securities.
6.2 对后续注册权的限制。自本協議日期起，若未經所有持有人所持當時已發行流通可登記證券投票權至少百分之五十（ $50\mathrm{\%}$$50\mathrm{\%}$50%50 \% ）之持有人（按轉換基準計算）書面同意，本公司不得與本公司任何股權證券之任何持有人或潛在持有人訂立任何協議，允許該等持有人或潛在持有人 (i) 將該等股權證券納入根據第 2 條或第 3 條提交之任何登記中、但根据该协议的条款，该等持有人或潜在持有人可将该等股权证券纳入任何该等注册中，且纳入该等股权证券不得减少所纳入的持有人的可注册证券的数量，(ii) 要求注册其股权证券，或 (iii) 促使公司将该等股权证券纳入根据第 2 节或第 d 节提交的任何注册中，注册基础与提供给可注册证券持有人的基础相同，或对该等持有人或潜在持有人更有利。
6.3 “Market Stand-Off” Agreement. Each of the Ordinary Holders, the Investors and other holders of Equity Securities of the Company hereby agrees that, if and to the extent requested by the Company or the underwriters managing the IPO of the Company’s securities, it will not sell or otherwise transfer or dispose of any securities of the Company owned immediately prior to the date of the final prospectus relating to the IPO (other than those permitted to be included in the such offering and other transfers to Affiliates permitted by Law who agree to be similarly bound) without the prior written consent of the Company or such underwriters, as the case may be, for a period of time specified by the representative of the underwriters not to exceed one hundred and eighty (180) days from the effective date of the Registration Statement covering such IPO or the pricing date of such offering as may be requested by the underwriters. The foregoing provision of this Section 6.3 shall (i) apply only to the first Registration Statement of the Company whieh coyerssecurities to be sold on its behalf to the public in an underwritten offering, but not to the Registrable Securities actually sold pursuant to such Registration Statement, (ii) only be applicable to the Holders if all officers, directors and holders of the Company’s outstanding share capital enter into similar agreements, and if the Company or any underwriter releases any officer, director or holder of the Company’s outstanding share capital from his or her sale restrictions so undertaken, then each Holder shall be notified prior to such release and shall itself be simultaneously released, and (iii) the lock- up agreements shall permit such Holders to transfer their Registrable Securities to their respective Affiliates so long as the transferees enter into the same lockup agreement. Each Holder agrees to executeand deliver to the underwriters a lock-up agreement containing substantiafly similar terms and conditions as those contained
6.3 "市场停滞 "协议。各普通持有人、投资者及本公司股本证券的其他持有人特此同意，若本公司或管理本公司证券首次公开发行的承销商提出要求，且在其要求的范围内，未经本公司或该等承销商事先书面同意，其将不会出售或以其他方式转让或处置紧接与首次公开发行相关的最终招股说明书日期之前拥有的本公司任何证券（允许纳入该发行的证券以及向法律允许且同意受类似约束的关联公司进行的其他转让除外）、在承销商代表指定的期限内，根据承销商的要求，自涉及该首次公开发行的注册声明生效日或该发行的定价日算起，不得超过一百八十 (180) 天。本第 6.A.条的上述规定第 3 條應：(i)僅適用於本公司代表本公司以包銷方式向公眾出售可註冊證券的首份註冊聲 明，但不適用於根據該等註冊聲明實際出售的可註冊證券；(ii)僅在本公司所有高級職員、 董事及已發行股本持有人訂立類似協議的情況下適用於持有人、(iii)只要受让人签订相同的锁定协议，锁定协议应允许这些持有人将其可注册证券转让给各自的关联公司。每位持有人同意签署并向承销商递交一份锁定协议，其中包含的条款和条件与该协议中的条款和条件极为相似。
herein, unless otherwise required by applicable laws and regulations or agreed by such Holder and the underwriters. The Company shali reqture all future acquirers of the Company’s securities to execute prio to Q QIPO a market stand-off agreement containing substantially similar provisions as those contained in this Section 6.3.
除非适用法律法规另有规定或该持有人与承销商另有约定。公司将要求公司证券的所有未来收购者在 QIPO 之前签署一份市场隔离协议，其中包含与本第 6.3 节所载条款基本类似的规定。
6.4 Re-sale Rights. The Company shall at its own cost use its best efforts to assist each Holder in the sale or disposition of, and to enable the Holder to sell under Rule 144 promulgated under the Securities Act the maximum number of, its Registrable Securities, including without limitation (i) the prompt delivery of applicable instruction letters to the Company’s transfer agent to remove legends from the Holder’s share certfficates, (ii) causing the prompt delivery of appropriate legal opinions from the Company’s counsel in forms reasonably satisfactory to the Holder’s counsel, (yii) if the Company has depository receipts listed or tradedon any exchange or inter-dealer quotation system, (a) the prompt delivery of instuction letters to the Company’s share registrar and depository agent to convert the Holder’s securities into depository receipts or similar instruments to be deposited in the Holder’s brokerage account(s), and (b) the prompt payment of all costs and fees related to such depositary facility, including conversion fees and maintenance fees for Registrable Securities held by the Holders. The Company acknowledges that time is of the essence with respect to its obligations under this Section 6.4, and that any delay will cause the Holders irreparable harm and constitutes a material breach of its obligations under this Agreement.
6.4 再销售权。本公司應自負費用，盡最大努力協助各持有人出售或處置其可登記證券，並使持有人能根據證券法頒佈之第 144 條規定出售其最大數量之可登記證券，包括但不限於：(i)迅速向本公司之過戶代理人交付適用之指示函，以刪除持有人股票上之圖例；(ii)促使本公司之律師迅速交付適當之法律意見書，其格式應為持有人之律師合理滿意之格式、(yii) 如果本公司的存托凭证在任何交易所或交易商之间的报价系统上市或交易，(a) 迅速向本公司的股份登记处和存托代理机构递交指令书，将持有人的证券转换为存托凭证或类似票据，存入持有人的经纪账户，以及(b) 迅速支付与该存托机构有关的所有成本和费用，包括转换费和持有人所持可注册证券的维护费。公司承认，时间是履行第 6.4 条规定的义务的关键，任何延迟都将对持有人造成无法弥补的损 害，并构成对本协议规定的义务的重大违反。
6.5 Termination of Registration Rights. The registration rights set forth in Section 2 and Section 3 of this Agreement shall terminate on the earlier of (i) the date that is ten (10) years from the date of closing of an IPO or (ii) with respect to any Holder, the date on which such Holdermay sell, without Registration, all of such Holder’s Registrable Securities under Rule 144 of the Securities Act in any ninety (90)-day period.
6.5 注册权终止。本协议第 2 节和第 3 节规定的注册权应于以下日期终止：(i) 首次公开募股结束之日起十 (10) 年内；或 (ii) 对于任何持有人，该持有人在任何九十 (90) 天内根据《证券法》第 144 条的规定出售其所有可注册证券之日，以二者中较早的日期为准。
6.6 Intent The terms of Sections 2 through $\underset{―}{6}$$\underset{\_}{6}$6_\underline{6} are drafted primarily in contemplation of an offering of securities in the United States of America. The Parties recognize, however, the possibility that the Equity Securities of the Company may be qualified or Registered for offering to the public in a jurisdiction other than the United States of America where registration rights have significance or that the Company might effect an offering in the United States of America in the form of AmeticanDepositary Receipts or American Depositary Shares. Accordingly:
6.6 意图 第 2 节至 $\underset{―}{6}$$\underset{\_}{6}$6_\underline{6} 节的条款主要是为在美利坚合众国发行证券而起草的。然而，各方承认，公司的权益证券可能在美国以外的司法管辖区符合条件或注册，并在该司法管辖区向公众发售，在该司法管辖区，注册权具有重要意义，或者公司可能以美国存托凭证或美国存托股票的形式在美国发售。因此：
(i) it is their intention that, whenever this Agreement refers to a Law, form, process or institution of the United States of America but the Parties wish 10 effectuate qualification or Registration in a different jurisdiction where registration rights have significance, reference in this Agreement to the Laws or institutions of the United States shall be read as referring, mutatis mutandis, to the comparable Laws or institutions of the jurisdiction in question; and
(i) 双方意向是，凡本协定提及美利坚合众国的法律、形式、程序或机构，但双方希 望在注册权具有重要意义的另一司法管辖区落实资格取得或注册，则本协定中提 及美国法律或机构的内容应被理解为比照提及有关司法管辖区的类似法律或机 构；以及 (ii) 双方意向是，凡本协定提及美利坚合众国的法律、形式、程序或机构，但双方希 望在注册权具有重要意义的另一司法管辖区落实资格取得或注册，则本协定中提 及美国法律或机构的内容应被理解为比照提及有关司法管辖区的类似法律或机构； 以及
(ii) it is agreed that the Company will not undertake any listing of American Depositary Receipts, American Depositary Shares or any other security derivative of the Ordinary Shares unless arrangements have been made reasonably satisfactory to the Series A Investor and the Series B Investors to ensure that the
(ii) 双方同意，除非已作出令 A 系列投资者和 B 系列投资者合理满意的安排，以确保 普通股的美国存托凭证、美国存托股份或任何其他证券衍生产品的上市，否则本 公司将不进行任何上市事宜
spirit and intent of this Agreement will be realized and that the Company is committed to take such actions as are necessary such that the Holders will enjoy rights corresponding to the rights hereunder to sell their Registrable Securities in a public offering in the United States of America as if the Company had listed Ordinary Shares in lieu of such derivative securities.
本协议的精神和意图将得以实现，公司承诺采取必要行动，使持有人享有与本协议规定的权利相对应的权利，在美利坚合众国公开发售其可登记证券，如同公司已上市普通股代替此类衍生证券。
6.7 Assignment of Registration Rights. The registration rights of a Holder under Sections 2 through $\underset{―}{6}$$\underset{\_}{6}$6_\underline{6} hereof may be assigned to any Person acquiring Registrable Securities, provided that no Person may be assigned any of the foregoing rights unless the Company is given written notice by the assigning Party stating the name and address of the assignee and identifying the Registrable Securities as to which the rights in question are being assigned; and provided further, that any such assignee shall receive such/assigned rights subject to all the terms and conditions of this Agreement, inc|uding, without limitation the provisions of this Section 6.7.
6.7 注册权的转让。持有人根據本協議第 2 條至 $\underset{―}{6}$$\underset{\_}{6}$6_\underline{6} 條所享有之登記權，得轉讓予取得可登記證券之任何人士，惟除非轉讓方以書面通知本公司，說明受讓人之名稱及地址，並指明轉讓權利所涉及之可登記證券，否則不得將任何前述權利轉讓予任何人士；此外，任何此类受让方应在遵守本协议所有条款和条件（包括但不限于本第 6 节的规定） 的前提下获得此类/被转让的权利。7.
6.8 IPO Participation Right. Subject to Applicable Securities Laws, the Series A mivestor and the Series B Investors shall have the right, at itsoption, to perchase of direct any of its Affiliates to purchase at the final price per share (net of underwriting discounts, commissions and expenses) set forth in the Company’s final prospectus with respect to an IPO, up to the number of the Ordinary Shares of the Company offered in the IPO that enables such Prefeered Shareholder to maintain, in the aggregate, its percentage ownership interest in the Company immediately prior to the consummation of the IPO.
6.8 首次公开募股参与权。在不违反适用证券法的前提下，A 轮优先股投资者和 B 轮投资者有权选择按本公司首次公开发售最终招股说明书中规定的每股最终价格（扣除承销折扣、佣金和费用）购买或指示其任何关联方购买、在首次公开募股中发售的本公司普通股数量，使该优先股股东能够维持其在紧接首次公开募股完成前在本公司的所有权权益百分比。
6.9 IPO Sale Right. If any Equity Secutities of the Company are offered in an underwritten public offering (whether or not a QIPO) for the account of any holder of Equity Securities of the Company, the Series A Investor and the Series B Investors shall have the right, at is option, to include a pro rata number of Shares (on an as-converted basis) in the offering on terms and conditions no less favorable to such Preferred Shareholder than to any other selling holder(s) of Equity Securities of the Company, provided that the aggregate number of the Equity Securities of the Company to be offered by all the selling holders in an underwritten public offering shall not exceed twenty percent (20%) of the total number of the Equity Seccuities of the Company available for public subscription or placing under such underwritten public offering.
6.9 首次公开发行销售权。如果在包銷公開發售（無論是否為 QIPO）中為任何本公司股本證券持有人發售任何本公司股本證券，則 A 系列投資者和 B 系列投資者應有權選擇在發售中按比例加入一定數量的股份（按轉換基準），其條款和條件對該優先股持有人不遜於本公司股本證券的任何其他出售持有人、但所有出售持有人在包销公开发售中发售的公司股权证券总数不得超过该包销公开发售项下可供公众认购或配售的公司股权证券总数的百分之二十（20%）。
6.10 QIPO. Unless otherwise approved by Bilibili and EGP in writing, the Company shall use its best efforts to effect a QIPO on or priof to January 28,
6.10 QIPO。除非 Bilibili 和 EGP 另行书面批准，否则公司应尽最大努力在 1 月 28 日或之前进行 QIPO、
7.1 General. The Company hereby grants to the Investors (the “Preemptive Rights Holders”) the right of first refusal to purchase all (or any part) of any New Securities (as defined below) that the Company may from time to time issue after the date of this Agreement (the “Preemptive Right”):
7.1 总则。公司特此授予投资者（"优先购买权持有人"）优先购买本协议日期后公司可能不时发行的任何新证券（定义见下文）的全部（或任何部分）的权利（"优先购买权"）：
(i) in case that any of Bilibili and EGP and/or their respective Affiliates hold less than 20% Shares of the Company before the QIPO or the Trade
(i) 如果 Bilibili 和 EGP 及/或其各自的关联方在 QIPO 或交易前持有本公司少于 20% 的股份

7.4 Procedures. 7.4 程序。

(i) Participation Notice. In the event that the Company proposes to undertake an issuance of New Securities (in a single transaction or a series of
(i) 参与通知。如果公司拟发行新证券（单笔交易或一系列交易
related transactions), it shall give to each Preemptive Rights Holder written notice of its intention to issuę New Securities (the “Participation Notice”), describing the amount and type of New Securities, the price and all material terms and conditions upon which the Company proposes to issue such New Securities. Each Preemptive Rights Holder shall have fifteen (15) Business Days from the date of receipt of any such Participation Notice to agree in writing to exercise the Preemptive Right for the and upon the terms and conditions specified in the Participation Notice by giving written notice to the Company and stating therein the quantity of New Seeurities to be purchased. If any Preemptive Rights Holder fails to so respond in writing within such fifteen (15) Business Days period to purchase any part of an offering of New Securities, then such Preemptive Rights Holder shall forfeit the right hereunder to purchase that part of such New Securities that it did not agree to purchase, but shall not be deemed to forfeit any right with respect to any other issuance of New Securities.
倘若优先购买权持有人同意行使优先购买权，则公司应向各优先购买权持有人发出书面通知，说明其发行新证券的意向（下称 "参与通知"），并说明新证券的数量和类型、价格以及公司拟发行该等新证券的所有重要条款和条件。各优先购买权持有人应在收到任何此类参与通知之日起十五（15）个工作日内，通过向本公司发出书面通知并在通知中说明拟购买的新证券数量，书面同意按照参与通知中规定的条款和条件行使优先购买权。倘若任何優先購買權持有人未能在上述十五（15）個營業日期限內作出書面回覆，以購買發售新證券的任何部分，則該優先購買權持有人將喪失根據本章程購買其未同意購買的該部分新證券的權利，但不會被視為喪失與任何其他新證券發行有關的任何權利。
7.5 Failure to Exercise. Upon the expiration of the Participation Period,
7.5 未行使。参与期结束时、
or in the event that no Preemptive Rights Holder has exercised in full its Preemptive Rights within fifteen (15) Business Days following the date of receipt of the Participation Notice, the Company shall have ijinety (90) days thereafter to complete the sale of the portion of the New Securitiesuor subscribed by the Preemptive Rights Holders pursuant to their Preemptive Rights, at the same or higher price and upon such other non-price terms as are more favorable to the purchasers thereof than specified in the Participation Notice. The purchasers (which are not a party to this Agreement) shall be subject to all the terms and conditions of this Agreement by executing and delivering a SFA.Deed of Adherence, unless this Agreement is then amended and restated in aceordance with the terms herein to include such purchaser as a party hereto. In the event that the Company has not issued and sold such New Securities within such ninety (90) day period, then the Company shall not thereafter issue or sell any New Sécuŕties without again first offering such New Securities to the Preemptive Rights Holders pursuant to this Section 7.
或倘無優先認購權持有人於接獲參與認購通知後十五(15)個營業日內全面行使其優先認購 權，則本公司須於其後九十(90)日內完成出售優先認購權持有人根據其優先認購權認購的 部分新證券，並以相同或更高價格及按其他非價格條款出售，而該等非價格條款須較參與 認購通知所訂明者對購買者更為有利。买方（非本协议的一方）应通过签署和交付 SFA.Deed of Adherence 接受本协议所有条款和条件的约束，除非本协议随后根据本协议的条款进行修订和重述，将买方纳入本协议的一方。如果公司在该九十 (90) 天期限内未发行和出售该等新证券，则公司此后在未根据本第 7 条再次向优先购买权持有人发售该等新证券的情况下，不得发行或出售任何新证券。
8. Restriction on Transfers; Right of First Refusal and Right of Co-Sale.
8.转让限制；优先拒绝权和共同出售权。
6.1 Restriction on Transfers.
6.1 转让限制。

(i) Restrictions on Transfers. At any time prior to the QIPO or Trade Sale, except for a Permitted Transfer under Section 8.1(î́), Right of First Refusal under Section 8.2 and Right of Co-Sale under Section 8.4, none of the Founders and their respective permitted assigns collectively shall Transfer any Equity Securities directly or indirectly owned by it, without the prior written consent of the Investors.
(i) 转让限制。在首次公开募股或交易出售之前的任何时间，除第 8.1(î́)节规定的许可转让、第 8.2 节规定的优先拒绝权和第 8.4 节规定的共同出售权外，未经投资人事先书面同意，创始人及其各自的许可受让人不得集体转让其直接或间接拥有的任何股权证券。
(ii) Permitted Transfer. The following is a permitted transfer (the “Permitted Transfer”) which is no subject to the restriction under Section 8.1(i):
(ii) 允许的转让。以下为不受第 8.1(i)节限制的许可转让（"许可转让"）：
(a) any Transfer of Equity Securities to the employees of the Group Company or any repurchase of equity securities from employees pursuant to the ESOP Plan duly approved by the general meeting (which shall include the affirmative votes of Bilibili and EGP);
(a) 根据股东大会正式批准的 ESOP 计划（其中应包括 Bilibili 和 EGP 的赞成票），向集团公司雇员转让任何股权证券或从雇员回购任何股权证券；
(b) any Transfer of Equity Securities to the Investors from the Foumders upon exercise of its Anti-Dilution Right (as defined in the Memorandum and Articles);
(b) Foumders 在行使其反稀释权（定义见《章程大纲》和《章程细则》）时向投资者转让的任何股权证券；
$-10$$-10$-10-10
© any Transfer by the Founders, in a siugle transaction or a sevies of transactions, of an aggregate of no more than 714 Ordinary Shares of the Company (as may be adjusted from time to time forstock splits, stock dividends, combinations, subdivisions, recapitalizations and the like), provided that (a) such permitted transferee not currently a party to this Agreement shall assume the obligations of such Founder under this Agreement by executing the SHA Deed of Adherence as if it were a Founder and an Ordinary Shareholder with respect to the transferred Equity Securities, and (b) such Transfer will not result in a change of Control of the Company. Notwithstanding anything to the contrary in this Agreement, with respect to any Permited Transfer or any Transfer effected pursuant to this Section 8.1(ii) hereunder, such Transfer shall be effected in compliance with
創辦人在一宗或多宗交易中轉讓本公司合共不超過 714 股普通股（可因股份拆 細、股息、合併、分拆、資本重整及類似情況而不時作出調整）、条件是：(a)目前并非本协议一方的该等获准受让方应通过签署上海证券交易所坚持契约承担本协议项下该等创始人的义务，就所转让的股权证券而言，如同其为创始人和普通股股东，且(b)该等转让不会导致本公司控制权的变更。尽管本协议有任何相反规定，对于任何获准转让或根据本协议第 8.1(ii)条进行的任何转让，该等转让应在符合以下规定的情况下进行
all applicable Laws, including without limitation, the ODI Rules and the SAFE Rules (the “Compliance Requirements”).
所有适用法律，包括但不限于《ODI 规则》和《SAFE 规则》（"合规要求"）。
(iii) Prohibited Transfers Void, Any Transfer of Equity Securities not made in compliance with this Agreement shall be null and void $ab$$ab$aba b initio as against the Company, and shall not be recorded on the books of the Company and shall not be recognized by the Company and any other Party.
(iii) 禁止转让无效，任何不符合本协议规定的股权证券转让对本公司而言均为无效 $ab$$ab$aba b ，不得在本公司账簿中记录，本公司和任何其他方也不予承认。
(iv) No Indirect Transfers. Each Founder agrees not to circumvent or otherwise avoid the fransfer restrictions or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person (including any holding company through which such Founder holds the Equity Securities of the Company (each a “Holding Company” collectively, the “Holding Companies”)) (if any) or by causing or effecting, difectly or indirectly, the Transfer, issuance or redemption of any Equity Securities by any such Person (including a Holding Company), or otherwise. Any purported Transfer, issuance on redemption of any Equity Securities of any Person (including a Holding Company) in contravention of this Agreement shall be null and void ab initio and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, any Founder or Holding Company) shall recognize any such Transfer, sale or issuance.
(iv) 不得间接转让。各創辦人同意不會規避或以其他方式避免本協議所載的轉讓限制或其意向，不論是透過另一名人士（包括該創辦人持有本公司股本證券所透過的任何控股公司（各稱「控股公司」，統稱「控股公司」））（如有）間接持有本公司股本證券，或透過任何該等人士（包括控股公司）直接或間接導致或促成任何股本證券的轉讓、發行或贖回，或其他方式。任何人士（包括控股公司）的任何股本證券的任何聲稱轉讓、發行或贖回如違反本協議，將 自始無效，且就任何及所有目的而言均無效力，亦不會賦予任何受讓人或聲稱受讓人任何權 利，任何一方（包括但不限於任何創辦人或控股公司）均不會承認任何該等轉讓、銷售或發行。
(v) Performance. Each Founder iireyocably agrees to cause and guarantee the performance by each of his/her/its Hold ong Companies (if any) of all of their respective covenants and obligations under this Agreement and other Transaction Documents.
(v) 履约。各创始人不可撤销地同意促使并保证其控股公司（如有）履行各自在本协议及其他交易文件项下的所有契约和义务。
(vi) Cumulative Restrictions. For purposes of clarity, the restrictions on Transfer set forth irr this Agreement on any Founder are cumulative with, and in addition to, the restrictions set forth in each other agreement imposing restrictions on Transfer on such Founder, including without limitation any other Transaction Documents, and not in lieu thereof.
(vi) 累積限制。为明确起见，本协议对任何创始人规定的转让限制与对该创始人规定转让限制的其他各项协议（包括但不限于任何其他交易文件）中规定的限制是累加的，并且是对这些限制的补充，而不是取而代之。
(vii) Investors Transfer. Notwithstanding any other provision herein or in any Transaction Document (but subject to Section 8.1(viii) below), the Investors may Transfer any Equity Securities of the Company held by it (for the avoidance of doubt, including the Ordinary Shares held by EGP) freely without any restriction; provided that the purchaser (which is not already a party to this Agreement) shall be subject to all the terms and conditions of this, Agreement by exécuting and delivering a SHA Deed of Adherence.
(vii) 投资者转让。尽管本协议或任何交易文件有任何其他规定（但受下文第 8.1(viii)条的限制），投资者可自由转让其持有的本公司任何股权证券（为免生疑，包括 EGP 持有的普通股），不受任何限制；但买方（尚未成为本协议的一方）应通过签署和交付一份 SHA 附随契约，遵守本协议的所有条款和条件。
(viii) Transfer to Competitors. Prior to the earlier of (x) the QIPO, or (y) the Trade Sale (the “Investor Release Date”), without prior written consent of the Founders, the Investors shall not Transfer any Equity Securities of the Company (for the avoidance of doubt, including the Ordinary Shares held by EGP) to any non-affiliate that is the Competitor. Notwithstanding the foregoing, in the event that any of the Investors Transfers any Equity Securities to any Competitors with written consent of the Founder’shereunder, the Founders shall enjoy the Right of First Refusal as provided in Section 8.3 of this Agreement. In addition, if the
(viii) 转让给竞争对手。在(x)QIPO或(y)交易出售（「投資者放行日」）（以較早者為準）之前，未經創辦人事先書面同意，投資者不得將本公司任何股本證券（為免生疑問，包括EGP持有的普通股）轉讓予任何屬競爭對手的非聯屬公司。尽管有上述规定，如果任何投资方在获得创始人授权人书面同意的情况下向任何竞争对手转让任何股权证券，创始人应享有本协议第 8.3 节规定的优先拒绝权。此外，如果

8.2 Right of First Refusal - Transfer by a Founder
8.2 优先拒绝权--创始人的转让

8.3 Right of First Refusal - Transfer by lnvestor
8.3 优先拒绝权--投资人转让

8.4 Right of Co-Sale.
8.4 共同销售权。

• the date of receipt of the Co-Sale Notice (such Co-Sale Holder, a “Selling Shareholder”). Such Selling Shareholder’s notice to the Transferor shall indicate the number of Equity Securities the Selling Shareholder wishes to sell under its right to participate.
  收到共同出售通知之日（该共同出售持有人称为 "出售股东"）。该卖方股东给转让方的通知应说明卖方股东希望根据其参与权出售的股权证券数量。
  (ii) The total number of Equity Securities that each Selling Shareholder may elect to sell shall be equal to the product of (i) the aggregate number of the remaining Offered Shares not purchased pursuant to Section 8.2 multiplied by (ii) a fraction, the numerator of which is the number of the Ordinary Shares (including the Preferred Shares on án as-converted to the Ordinary Share basis)
  (ii) 各出售股東可選擇出售的股本證券總數應等於以下兩者的乘積：(i) 未根據第 8.2 條購買的剩餘發售股份總數乘以 (ii) 分數，分數的分子為普通股（包括按普通股基準轉換的優先股）的數目； (iii) 各出售股東可選擇出售的股本證券總數。
  

  

  
  owned by such Selling Shareholder on the date of the Transfer Notice and the denominator of which is the total number of the Ordinary Shares (including the Preferred Shares on an as-converted to the Ordinary Share basis) owned by all Selling Shareholders and the Transferor on the Cate of the Transfer Notice; provided, however, that, if the Transfer of the Offered Shares by the Transferor will result in a change of Control of the Company, each Selling Shareholder shall be entitled to sell all its Shares (no more than the maximum number of the Offered Shares identified in the Transfer Notice) to the Potential Purchaser, and the number of the Offered Shares that the Transferor may sell based on the Transfer Notice shall be correspondingly reduced.
  该卖方股东在转让通知日期拥有的普通股总数，其分母为所有卖方股东和转让方在转让通知日期拥有的普通股总数（包括转换为普通股的优先股）；但是，如果转让方转让要约股份将导致公司控制权变更，则各出售股东有权向潜在买方出售其所有股份（不超过转让通知中确定的要约股份最高数量），转让方根据转让通知可出售的要约股份数量应相应减少。

I the Potential Purchaser does not accept to purchase any
本人潜在买方不接受购买任何
the Co-Sale Holders Equity Securities, the Transferor shall not transfer its Equity Securities to the Potennial Purchaser, unless the Transferor purchases the Equity Securities that the Co-Sale Holders are entitled to co-sell at the same price and unden the same conditions. However, the Co-Sale Holders shall reply in writing to the Transferor within ten (10) Business Days from the date of receipt of the Co-Sale Notice as to whether or not it is exercising its Co-Sale Right. If any of the Co-Sale Holders does not respond in writing to the Transferor within ten (10) Business Days from the date of receipt of the Co-Sale Notice, such Co-Sale Holder shall be deemed to have waived its Right of Co-Sale as provided for in this Section 8.4.
除非转让方以相同的价格和条件购买共同出售持有人有权共同出售的股权证券，否则转让方 不得将其股权证券转让给潜在买方。但是，共同出售持有人应在收到共同出售通知之日起十（10）个工作日内以书面形式答复转让方是否行使其共同出售权。如任何共同出售持有人未在收到共同出售通知之日起十（10）个工作日内书面回复转让方，则该共同出售持有人应被视为放弃本第 8.4 条规定的共同出售权。
8.5 Restricted Shares. Each of the Founder agrees and acknowledges that all the Ordinary Shares directly or indirectly owned by each of the Founders as of the date hereof shall be designated as “Restricted Shares” and shall be subject to the restrictions as provided in this Agreement. The Restricted Shares held by each Founders shall become vested and be released from all restrictions herein according to the following vesting schedule (but shal otherwise be subject to the Transfer restrictions under Section 8.1 of this Agreement):
8.5 限制性股份。各创始人同意并确认，截至本协议签署之日，各创始人直接或间接拥有的所有普通股应被指定为 "受限股份"，并应受到本协议规定的限制。各创始人持有的限制性股票应根据以下归属时间表归属并解除所有限制（但应受本协议第 8.1 条规定的转让限制的约束）：
(i) the vesting period of the Restricted Shares held by each Founders shall be four (4) years from January 19, 2024 (the “Vested Period”); and
(i) 各创始人所持限制性股票的归属期为自 2024 年 1 月 19 日起四 (4) 年（"归属期"）；及
(ii) twenty-five percent (25%) of the Restricted Shares held by each Founders will vest on each anniversary of January 19, 2024.
(ii) 每位创始人所持限制性股票的百分之二十五（25%）将在 2024 年 1 月 19 日的每个周年纪念日归属。
Shares" and the Restricted Shares that have not yet been vested are hereinafter referred to as “Unvested Shares”, and the date that the applicable Restricted Shares held hy such Founder are fully vested is hereinafter referred to as "Full Release
尚未归属的限制性股票在下文中称为 "未归属股票"，而该方正持有的适用限制性股票完全归属之日在下文中称为 "完全解除限售"。
8.6 Repurchase Option Upon Termination for Cáuse. At any time prior to the Full Release Date, in the event that the employment relationship of any ultimate beneficial owner of any of the Founders (the “Individual Founders”) with the relevant Group Company is terminated for Cause or by Individual Founder’s voluntarily leave before all the Restricted Shares become vested in accordance with Section 8.5 (ii), then
8.6 因故终止时的回购选择权。在完全释放日期之前的任何时间，如果任何创始人（"个人创始人"）的任何最终实益拥有人与相关集团公司的雇佣关系因故终止，或个人创始人在所有限制性股票根据第 8.5 (ii) 条归属之前自愿离职，则
(i) With respeet to the Unvested Shares held by such Individual
(i) 就该个人持有的未归属股份而言

• For the avoidance of doubt, the Investors shall have the right of first refusal to purchase, if applicable, the Restricted Shares held by the Founders, whether or not yested, in preference to other shareholders.
  为避免疑义，投资方应享有优先于其他股东购买（如适用）创始人持有的限制性股票的权利，无论是否已挂牌。

For the purposes of this Section 8.6 and Section 8.7, the term “Cause” means, with respect to each Individual Founder, any one of the following: (a) voluntary resignation or unilateral termination of the employment contract by the Individual Founder; (b) dismissed by the Company due to the Individual Founder’s violation of laws, regulations, internal rules and regulations of the Company, the employment contract and the non-compete obligation under this Agreement; © Individual Founder’s refusal to renew the employment agreement with the Group Companies;
就本第 8.6 条和第 8.7 条而言，"原因 "一词对于每位个人创始人而言是指以下任何一种情况：(a) 個人創辦人自願辭職或單方面終止僱傭合約；(b) 因個人創辦人違反法律、法規、公司內部規則及規例、僱傭合約及本協議項下的競業限制責任而被公司解僱；© 個人創辦人拒絕與集團公司續訂僱傭協議；

(d) failure to perform the Individual Founder’s performance for four (4) consecutive months without justified reasons.
(d) 无正当理由连续四（4）个月未履行创始人的个人业绩。
8.8 Disposal after the Founders Resignation. The Founders hereby agree and acknowledge that the plan for the disposal of the Restricted Shares held by the Founders in the Company due to their respective Individual Founder’s resignation shall be approved by special resolution of general meeting of the Company according to the Memorandumat Articles, and including the affirmative consent of the Investors. The Founders will accept and be bound by the resolution of the Company’s general meeting ând will have the obligation to take all necessary actions and execute necessary agreements and documents in accordance with the resolution of the Company’s general meeting, so that the relevant parties can legally and effectivel, exereise thê rights set forth in this Section 8.8. The Founders shat further execute a powerof attorney with respect to the voting rights of the Bestricted Shares that he/she is entitled to continue to hold (whether vested or mot) after the resignation, in form and substance satisfactory to the Investors.
8.8 创始人辞职后的处置。创始人特此同意并确认，因创始人个人辞职而处置创始人所持本公司限制性股票的计划，应根据《章程大纲》通过本公司股东大会特别决议批准，并包括投资人的肯定同意。创始人将接受并受公司股东大会决议的约束，并有义务根据公司股东大会决议采取一切必要的行动，签署必要的协议和文件，以便相关方能够合法、有效地行使本第 8.8 条规定的权利。创始人应就其在辞职后有权继续持有的受限股份的投票权（无论是既得的还是非 既得的）进一步签署一份委托书，委托书的形式和内容应令投资者满意。
8.9 Restricted Shares held on behalf of the Employees At any time prior to the Full Release Date, if the employment relationship of any Individual Founder with the relevant Group Company is terminated, the Restricted Shares held on behalf of the Employee pursuant to the ESOP Plan or approyed by the Investors by such Individual Founder shall be transferred to the designated third parties approved by the Board of the Company and ineluding the affirmative consent of each Investor Director.
8.9 代表员工持有的限制性股票 在全部解除限售日之前的任何时候，如果任何个人创始人与相关集团公司的雇佣关系终止，根据 ESOP 计划代表员工持有的限制性股票或经投资人批准由该个人创始人持有的限制性股票应转让给经本公司董事会批准的指定第三方，并包括各投资人董事的肯定同意。

9. Redemption Right. 9.赎回权。

9.1 Redemption Trigger Event. "Redemption Trigger Event" shall
9.1 赎回触发事件。"赎回触发事件 "是指

(i) the Company fails to complete QIPO or to be acquired by a third party at a valuation and plan acceptable to the Investors on or before January 28, 2027;
(i) 公司未能在 2027 年 1 月 28 日或之前完成 QIPO 或被第三方以投资者可接受的估值和计划收购；
(ii) the Founder, Lin Jun, loses Control of the Company;
(ii) 创始人林俊失去对公司的控制权；
(iii) serious disagreements or equity disputes among the Warrantors and/or the Key Employees (as defined in the Purchase Agreements)
(iii) 認股權證持有人及／或主要僱員（定義見收購協議）之間出現嚴重分歧或權益糾紛
resulting in Material Adverse Effect on the interest of the shareholders of the Company; or the resignation of the Warrantors (excluding CHEN Xiaodan) or the employment of the Warrantors (excluding CHEN Xiaodan) with the Group Company is terminated resulting in Material Adverse Effect on the business of the Group Company; or the resignation of the Key Employees or the employment of the Key Employees with the Group Company is terminated directly resulting in Material Adverse Effect on the business of the Group Company;
對本公司股東的利益造成重大不利影響；或認股權證持有人（不包括陳小丹）辭職或認股權證持有人（不包括陳小丹）終止受僱於本集團公司，對本集團公司的業務造成重大不利影響；或主要僱員辭職或主要僱員終止受僱於本集團公司，直接對本集團公司的業務造成重大不利影響；
(iv) the Group Companies and/or the Founders are in material violation of the applicable Laws, ineluding(a) any Founder is filed for investigation by public security authorities or procuratorial authorities or imposed criminal penalty due to material violation of the PRC laws; (b) the business license of the
(iv) 集团公司及/或创始人严重违反适用法律，包括(a)任何创始人因严重违反中国法律而被公安机关或检察机关立案侦查或被处以刑事处罚；(b)集团公司及/或创始人的营业执照被吊销；(c)集团公司及/或创始人因严重违反中国法律而被公安机关或检察机关立案侦查或被处以刑事处罚。

Company and/or its Subsidiaries has been revoked by Governmental Authorities, or the qualifications or licenses in connection with the Prineipal Business (as defined in the Purchase Agreements) are not renewed, cancelled or revoked upon expiration, which renders the Company and/or its, Subsidiaries unable to carry out normal operation; © the Company, its Subsidiaries and/or any Founder are included in the list of persons subject to execution as dishonest provided by the PRC national court for a period exceeding four (4) months; (d) the Founders being unable to be contacted for a period exceeding twenty (20) days; (e) any material fraud in the financial reports of the Group Companies (including any occurrence of any off balance sheet business revenues); of (f) other material illegal acts committed by the Group Companies and/or the Founders, which renders the Company and/or its Subsidiaries unable to earry out their normal operation;
(c) 本公司及╱或其附屬公司被政府機關撤銷或與 Prineipal 業務（定義見收購協議）有關的資格或許可證到期後未獲續期、註銷或撤銷，以致本公司及╱或其附屬公司無法進行正常營運；© 本公司、其附屬公司及╱或任何創辦人被列入中國國家法院規定的不誠實人士名單內，為期超過四(4)個月；(d) 无法联系创始人超过二十(20)天； (e) 集团公司财务报告中出现任何重大欺诈行为（包括出现任何资产负债表外业务收入）； (f) 集团公司及/或创始人出现其他重大违法行为，导致本公司及/或其子公司无法正常运营；
Group Companies is involved in any dispute over title of such Intellectual Property, or infringements upon the rights of any third-party, or any of the Group Companies is involved in significant legal litigation, which has Material Alverse Effect on its norma business operation or may have a material effect on the QIPO of the Company;
集团公司卷入任何有关知识产权所有权的纠纷，或侵犯任何第三方的权利，或集团公司卷入任何重大法律诉讼，从而对其正常业务运营产生重大不利影响，或可能对公司的 QIPO 产生重大影响；
(vi) any covenant, agreement, undertaking, representation or warranty made by the Warrantors under any Transaction Documents and/or Series A Share Subscription Agreement (as applicable) contains any false or material misleading or material omission, which affects investment judgment of any of the Investors, or any of the Warrantors materially violates any of its covenants and/or obligations under the Transaction Documents and/or Series A Share Subscription Agreement (as applicable) and fails to make the rectification within thirty (30) days upon request by the Investors;
(vi) 認股權證持有人根據任何交易文件及／或 A 系列股份認購協議（如適用）所作的任何 契諾、協議、承諾、聲明或保證載有任何虛假或重大誤導或重大遺漏，以致影響任何投 資者的投資判斷，或任何認股權證持有人嚴重違反其根據交易文件及／或 A 系列股 份認購協議（如適用）所作的任何契諾及／或義務，而未能在投資者提出要求後 三十(30)日內作出糾正；
(vii) failure to obtain an audit report with a standard unqualified opinion audited and certified by a qualified auditor acceptable to the Investors after six (6) months upon the date of this Agreement;
(vii) 自本协议签订之日起六（6）个月后，未能获得由投资者可接受的合格审计师审 计和认证的标准无保留意见的审计报告；
(viii) failure to obtain an audit report with a standard unqualified opinion audited and certified by a qualified auditor acceptable to the Investors for any fiscal year prior to the QIPO;
(viii) 未能获得由投资者可接受的合格审计师对合格投资人首次公开募股前的任 何财政年度进行审计并出具标准无保留意见的审计报告；

1. (ix) any violation by any Founder of the non-competition agreement duly executed between any Group Company and suchh Founder, or
   (ix) 任何创始人违反任何集团公司与该创始人之间正式签署的竞业禁止协议，或
   (x) any Investor requests the Company and/or the Founders to redeem its Preferred Shares or Series Seed Shares (as applicable) inaccordance with this Section 9.
   (x) 任何投资者要求公司和/或创始人根据本第 9 节赎回其优先股或种子系列股（如适用）。

If any Redemption Trigger Event is triggered due to any Founder’s fraud, the Ordinary Shares held by EGP will be automatically deemed as the Series Seed Shares. EGP, as the Series Seed Investor, shall enjoy the full and complete Redemption Right in accordance with this Section 9 with respect to the Series Seed Shares held by it. For the avoidance of doubt, no additional actions or procedures shall be required, except for those specifically set forth in this Agreement, to enable EGP to exercise its
如果由于任何创始人欺诈而触发任何赎回触发事件，EGP 持有的普通股将自动视为系列种子股。EGP 作为系列种子投资者，应根据本第 9 节的规定对其持有的系列种子股票享有全面完整的赎回权。为免生疑问，除本协议特别规定的行动或程序外，无需采取任何其他行动或程序，以使 EGP 能够行使其赎回权。

9.2 Redemption Price. 9.2 赎回价格。

Where: 在哪里？

Paid Dividends = ad the dividends paid in accordance with Section 10.1 on such Series A Preferred Shares.
已付股息 = 根据第 10.1 节支付的 A 系列优先股股息。
(ii) The redemption price for each of the Series B Investôrs (the “Series B Redemption Price”) shall be an amount equal to the following formula:
(ii) 每份 B 系列 Investôrs 的赎回价（"B 系列赎回价"）应等于以下公式中的金额：

full, and the denominator of which shall be 365
全数，其分母应为 365
Unpaid Dividends $=$$=$== all the declared but unpaid dividends on such Series B Preferred Shares.
未付股息 $=$$=$== 该系列 B 优先股所有已宣布但未支付的股息。

Where: 在哪里？

$\mathrm{I}=100.00\mathrm{\%}$$\mathrm{I}=100.00\mathrm{\%}$I=100.00%\mathrm{I}=100.00 \% of the Transfer Price (as defined in the Share Transfer Agreement).
$\mathrm{I}=100.00\mathrm{\%}$$\mathrm{I}=100.00\mathrm{\%}$I=100.00%\mathrm{I}=100.00 \% 转让价格（定义见《股份转让协议》）。
$\mathrm{N}=\mathrm{a}$$\mathrm{N}=\mathrm{a}$N=a\mathrm{N}=\mathrm{a} fraction, the numerator of which shâl be the mumber of days elapsed from the date on which the Series Seed Mryestor pays its Transfer Price (as set forth in the Share Transfer Agreement) to the date when any amounts due and payable in respect of such Series Seed Inyestor shall be paid in full, and the denominator of which shall be 365 .
$\mathrm{N}=\mathrm{a}$$\mathrm{N}=\mathrm{a}$N=a\mathrm{N}=\mathrm{a} 分数，其分子为系列种子公司支付其转让价款（如股份转让协议中规定）之日至全额支付该系列种子公司任何到期应付款项之日所经过的天数，其分母为 365 。

Investors is entitled to receive the aggregate Series B Redemption Price to which such redemption payments are due would otherwise beentitled, in preference to the Series A Investor and Series Seed Investor If the assets or funds of the Company and the Founders which are legally available fon the redemption payment shall be insufficient to permit the payment of the Redemption Price to all the Series B Investors, then such assets and funds legally available for the redemption payment shall be distributed ratably among the Series B Investors in proportion to the Redemption Price to be paid to each Series B Investor; (b) after full payment of the Series B Redemption Price to the Series B Investors, the Series A Investor is entitled to receive the aggregate Series $A$$A$AA Redemption Price to which such redemption payments are due would otherwise be entitled, in preference to the Series Seed Investor; and © after fall payment of the Series A Redemption Price to the Series A Investor, the Semes Séed Investor is entitled to receive the aggregate Series Seed Redemption Price to which such redemption payments are due would otherwise be entitled.
倘本公司及創辦人可合法用於贖回付款的資產或資金不足以向所有 B 系列投資者支付贖回價，則可合法用於贖回付款的該等資產及資金將按向每名 B 系列投資者支付贖回價的比例在 B 系列投資者之間按比例分配；(b) 在向 B 系列投资者全额支付 B 系列赎回价后，A 系列投资者有权优先于种子系列投资者收 取其原本有权享有的应支付的 $A$$A$AA 系列赎回价总额；及© 在向 A 系列投资者支付 A 系列赎回价后，Semes Séed 投资者有权收取其原本有权享有的应支付的种子系列赎回价总额。
9.5 Founder’s Liability. The liabilities of the Company and the Founder uncer this Section 9 shall be joint and several. Notwithstanding the foregoing, unless caused by the fraud, willful or gross negligence of any Founder, the aggregate liability of the Founders under this Section 9 shall be limited to the fair market value of all Equity Securities then directly or indirectly held by such Founder and his/her Affiliates in the Group Companies or the value based on the valuation of the Company after the closing of such Investor’s investment in the Company, or the value based on which the Series Seed Investor obtain the Series Seed Shares (i.e., with respect to the Series A Investor, CNY 250 million, with respect to the Series B Investors, CNY 720 million; with respect to the Series Seed Investor, CNY 340 million), whichever is higher, without involving the Founders’ other personal property other than the Equity Secuiities held by the Founders and/or its Affiliates in the Company. For the avoidance of doubt, in the case of fraud, willful or gross negligence on the part of the Founderrs, there will be no cap on the joint redeem liability of the Founders.
9.5 创始人的责任。公司 "和 "创始人 "在本第 9 条下的责任应是共同和各别承担的。尽管有上述规定，除非因任何创始人的欺诈、故意或重大过失造成，否则创始人在本第 9 节下的责任总额应限于该创始人及其关联方当时在集团公司中直接或间接持有的所有股权证券的公允市值，或基于该投资者在本公司的投资结束后对本公司的估值的价值，或系列种子投资者获得系列种子股票所基于的价值（即：就 A 系列投资者而言，人民币 2.5 亿元，就 B 系列投资者而言，人民币 2.5 亿元，就 C 系列投资者而言，人民币 2.5 亿元，就 D 系列投资者而言，人民币 2.5 亿元）、A 系列投资者为人民币2.5 亿元，B 系列投资者为人民币7.2 亿元，种子系列投资者为人民币3.4 亿元），以较高者为准，但不涉及创始人和/ 或其关联方在本公司持有的股权担保以外的其他个人财产。为避免疑义，在创始人欺诈、故意或重大过失的情况下，创始人的共同赎回责任不设上限。
9.6 Other Remedies. If the Company and/or the Founders fails to fulfitl its obligations under Section 9 of this Agreement, each of the Preferred Sharehoders and the Series Seed Investor (as applicable) has the right to request any of the Group Companies to fulfill its obligations under Section 9 through asset sales dividends distribution, liquidation, or other methods permitted by Laws (in the case of selling the assets of the Group Companies, the price shall be negotiated separately between the corresponding Investor and the Founders). In the event that the Preferred Shareholders or the Series Seed Investor (as applicable) exercise the aforesaid right, the Founders agree and warrant that they and the Directors designated by the Founders shall act in concert with the Preferred Shareholders or the Series Seed Investor (as applicable) and their respective Affiliates, including but not limited to use all reasonable efforts to cause the Directors designated by them and the Group Companies to (i) approve the aforesaid proposal of asset sales, dividends distribution, liquidation, or other methods permitted by Laws to raise funds to perform corresponding redemption obligations; (ii) exercise voting rights at the meeting of the Board and/or Shareholders in align with the instruction of the Series A Investor, the Series B Investors, the Series Seed Investor (as applicable) and their respective Affiliates with respect to such matter, to the extent not in violation of the Transaction
9.6 其他补救措施。如果公司和/或创始人未能履行其在本协议第 9 条下的义务，优先股股东和系列种子投资人（如适用）均有权要求任何集团公司通过资产出售、股息分配、清算或法律允许的其他方式履行其在第 9 条下的义务（在出售集团公司资产的情况下，价格应由相应投资人和创始人另行协商）。如果优先股股东或系列种子投资者（如适用）行使上述权利，创始人同意并保证，他们和创始人指定的董事应与优先股股东或系列种子投资者（如适用）及其各自的关联方一致行动，包括但不限于尽一切合理努力促使他们指定的董事和集团公司 (i) 批准上述资产出售、股息分配、清算或法律允许的其他方式筹集资金以履行相应赎回义务的提议；(ii) 在不违反交易的前提下，按照 A 轮投资者、B 轮投资者、种子轮投资者（如适用）及 其各自关联方关于该事项的指示，在董事会和/或股东大会上行使表决权； (iii) 在不违反交易的前提下，在董事会和/或股东大会上行使表决权。

For the avoidance of doubt, in the event that the Company does not have sufficient funds for the payment of One-Time Interest Dividends, such available funds shall be distributed in the following sequence:
为免生疑问，如果公司没有足够资金支付一次性利息股息，则应按以下顺序分配可用资金：
(a) firstly, each Series A Invesfor and Series B Investor is entitled to receive dividends at a simple rate of six percent (6%) of the respective Issue Price per annum (on a 365-day basis) accrued thereon from the closing date as set forth in
(a) 首先，每名 A 轮投资者和 B 轮投资者有权按照以下文件中规定的从截止日起按各自发 行价每年百分之六（6%）的简单比率（以 365 天为基准）收取股息。

the Series B Share Subscription Agreement (the “Series B Closing Date”) to the Declaration Date (the “First Tranche One-Time-Interest Dividends”), in preference to the other One-Time Interest Dividends (for the avoidance of doubt, such First Tranche One-time Interest Dividend fon Hengdian shall be calculated from the Exercising Date); in the event that the Company does not have sufficient funds to pay the First Tranche One-Time Interest Dividends, the available funds shall be distributed pari passu and in proportionto the amount of the First Tranche One-Time Interest Dividends each Series A Inyestofand Series B Investor is entitled to;
第一期一次性利息股息"），优先于其他一次性利息股息（为免生疑，横店的第一期 一次性利息股息应自行使日开始计算）；如果公司没有足够的资金支付第一期一次性利息股息，可用资金将按照每个 A 系列投资者和 B 系列投资者有权获得的第一期一次性利息股息的金额和比例进行分配；
(b) after the First Tranche One-Time Interest Dividends have been fully paid to the Series A Investor and Series B Investors pursuant to this Section 10.1 (i)(a), the Series $A$$A$AA Investor is entitled to receive dividends at a simple rate of six percent ( $6\mathrm{\%}$$6\mathrm{\%}$6%6 \% ) of the rêspective Issue Price per annum (on a 365 -day basis) accrued thereon from the aforementioned payment date of Series A Investor to the Series B Closing Date (the “Second Tranche One-Time Interest Dividends”) in preference to the other One-Time Interest Dividends on the Ordinary Shares;
(b) 在第一期一次性利息股息已根據本第 10.1(i)(a)， $A$$A$AA 系列投资者有权优先于普通股的其他一次性利息股息，按预期发行价每年6%（ $6\mathrm{\%}$$6\mathrm{\%}$6%6 \% ）的简单利率（按365天基准）收取股息（"第二批一次性利息股息"）；

11. Liquidation Right. 11.清算权。

Series A Preference Amount $=\mathrm{I}\times (1+8\mathrm{\%}{)}^{\mathrm{N}}+$$=\mathrm{I}\times (1+8\mathrm{\%}{)}^{\mathrm{N}}+$=Ixx(1+8%)^(N)+=\mathrm{I} \times(1+8 \%)^{\mathrm{N}}+ Unpaid Dividends
A 系列优先股金额 $=\mathrm{I}\times (1+8\mathrm{\%}{)}^{\mathrm{N}}+$$=\mathrm{I}\times (1+8\mathrm{\%}{)}^{\mathrm{N}}+$=Ixx(1+8%)^(N)+=\mathrm{I} \times(1+8 \%)^{\mathrm{N}}+ 未付股息
Where: 在哪里？

I = one hundred percent (100%) of the Series A Issue Price multiplied by the number of the Preferred Shares held by the Series A Investor,
I = A 系列发行价的百分之一（100%）乘以 A 系列投资者持有的优先股数量、

$\mathrm{N}=\mathrm{a}$$\mathrm{N}=\mathrm{a}$N=a\mathrm{N}=\mathrm{a} fraction, the numerator of which is the number of days elapsed from the date on which the Series A Investor pays its invêstment amount (i.e. for the down payment, such date shall be January 28 2022; for the outstanding payment, such date shall be September 21, 2022) to the date on which the Series A Investor receives the Series A Preference Amount in full, and the denominator of which is 365.
$\mathrm{N}=\mathrm{a}$$\mathrm{N}=\mathrm{a}$N=a\mathrm{N}=\mathrm{a} 分数，其分子为从 A 系列投资者支付其投资额之日（即就首期付款而言，该日期应为 2022 年 1 月 28 日；就未付款而言，该日期应为 2022 年 9 月 21 日）到 A 系列投资者全额收到 A 系列优先股金额之日所经过的天数，其分母为 365。

The Founders shall take all effective measures in compliance with
创建者应采取一切有效措施，遵守以下规定

applicable Laws to ensure that the Distributable Assets shall be distributed in the following sequence as set forth in Section $11.2(\mathrm{i})$$11.2(\mathrm{i})$11.2(i)11.2(\mathrm{i}), (ii) and (iii). However, if the applicable Laws require that the Distributable Assets of the Company cannot be distributed in accordance with the above arcangement, the Founders shall use their respective remaining property acquired as a result of Liquidation Event to compensate the Series A Investor and the Series B Investors in priority after the distribution of the Distributable Assets in accordance with applicable Laws (including, without limitation, transfer without consideration) so as to ensure that the Series A Investor and the Series B Investors may obtain the Series A Preference Amount, the Series B Preference Amount and the remaining property distributable to it in the sequence as set forthin Section 11.2(i), (ii) and (iii).
适用法律，以确保按照 $11.2(\mathrm{i})$$11.2(\mathrm{i})$11.2(i)11.2(\mathrm{i}) 、(ii)和(iii)节规定的以下顺序分配可分配资产。但是，如果适用法律要求公司的可分派资产不能按照上述顺序进行分派，则创始人应在根据适用法律分派可分派资产后，使用其各自因清算事件而获得的剩余财产优先补偿 A 轮投资者和 B 轮投资者（包括但不限于无偿转让），以确保可分派资产按照 $11.2(\mathrm{i})$$11.2(\mathrm{i})$11.2(i)11.2(\mathrm{i}) 、(ii)和(iii)节规定的顺序进行分派、2(i)、(ii)和(iii)节规定的顺序获得。
11.3 Founder Liability. If any of the Series A Investor or the Sexies B Investors fails to recerve the Series A Preference Amount or the Series B Preference Amount (as applicable), the Founders shall compensate the shortfall of such Series A Preference Amount and/or Series B Preference Amount or the Trade Sale consideration to the Series A Investor and/or the Series B Investors. Notwithstanding the foregoing, unless caused by intentional misconduct, the fraud, willful or gross negligence of any Founder, the aggregate liability of the Founders under this Section 11 shall be limited to the fair market value of all Equity Securities then directly or indirectly held by such Founder and his/her Affiliates in the Group Companies or the value based on the valuation of the Company affer the closing of such Investor’s investment in the Company (i.e., with respect (o) the Series A Investor, CNY 250 million; with respect to the Series B Investors, CNX 720 million), whichever is higher, without involving the Founders’ other personal property other than the Equity Securities held by the Founders and/or its Affiliates in the Company. For avoidance of doubt, in the case of fraud, willful or gross negligence on the part of the Founders, there will be no cap on the shortfall compensation liability of the Founders.
11.3 创始人责任。如果任何 A 系列投资者或 B 系列投资者未能收回 A 系列优先股金额或 B 系列优先股金额（如适用），创始人应向 A 系列投资者和/或 B 系列投资者补偿该 A 系列优先股金额和/或 B 系列优先股金额或交易销售对价的不足。尽管有上述规定，除非因任何创始人的蓄意不当行为、欺诈、故意或重大过失造成，否则创始人在本第 11 节下的责任总额应限于该创始人及其关联方当时在集团公司中直接或间接持有的所有股权证券的公允市值，或根据该投资者在本公司的投资结束时本公司的估值得出的价值（即(o) A 系列投资者为人民币2.5 亿元；B 系列投资者为人民币7.2 亿元），以较高者为准，但不涉及创始人和/ 或其关联方在本公司持有的股权证券以外的其他个人财产。为避免疑义，在创始人存在欺诈、故意或重大过失的情况下，创始人的差额赔偿责任不设上限。
11.4 Right to Participate in New Project(s). In the event that (i) any of the Series A Investor and/or the Series B Investors does not obtain the full amount of the Series A Preference Amount or the Series B Preference Amount (as applicable) upon a Liquidation Event and (ii) any Founder directly or indirectly statts, participates or be engaged in any other new business and entity (the “New Projects”) within two (2) years after such Liquidation Event, such Founder shall notify such Investor upon the first proposed financing of such New Projects and such Investor shall have the right, but not the obligation, to convert the amount equal to the Series APreference Amount or the Series B Preference Amount (as applicable) that has not been recovered into the equity interest in such New Projects at the valuation aeknowledged by such Investor and such Founder through negotiation and such Investor shall not be required to make any further capital contribution. The Founders are obliged to cause the realization of the Investors’ right to pafficipate in the New Projects.
11.4 参与新项目的权利。如果(i)任何A系列投资者和/或B系列投资者在清算事件后没有获得A系列优先股金额或B系列优先股金额（如适用）的全额，以及(ii)任何创始人在该清算事件后两(2)年内直接或间接地统计、参与或从事任何其他新业务和实体（"新项目"）、該創辦人應在該等新項目首次建議融資時通知該投資者，而該投資者應有權 （但無義務）按該投資者與該創辦人經磋商後確認的估值，將相等於系列 AP 優先股 款額或系列 B 優先股款額（如適用）而尚未收回的款額轉換為該等新項目的股本權益， 而該投資者無須再作任何出資。创始人有义务促使实现投资者参与新项目的权利。
11.5 Others. If there is a Redemption Trigger Event, Liquidation Event or other defaults of the Company, and as a result of which the Company are unable to carry out normal operation, the Investors shatl have the right to request the Company to transfer all or part of the intangible assers owned by it to the Investors and such transfer may be offset against the corresponding Series A Preference Amount, Series
11.5 其他。如果公司发生赎回触发事件、清算事件或其他违约行为，导致公司无法正常运营，投资人有权要求公司将其拥有的全部或部分无形资产转让给投资人，该转让可与相应的 A 系列优先股金额、B 系列优先股金额、C 系列优先股金额、D 系列优先股金额相抵消。

12. Information and Inspection Rights.
12.知情权和查阅权。

12.1 Delivery of Financial Statements. Each Group Company shall
12.1 提交财务报表。集团各公司应

The business management report to be delivered pursuant to this Section 12.1 shall include, without limitation, major partners and products, revenue, operating idata and performance comparison of major cooperation channels, and all the firancial statements provided to the Investors in accordance with this Section 12.1 shall include balance sheet, statement of income, and statements $\varnothing \mathrm{f}$$\varnothing \mathrm{f}$O/f\varnothing \mathrm{f} cash flows for the corresponding financial period, and shall be prepared in accorlance with PRC generafly accepted accounting principles or other international accounting standards acceptable to each of the Investors.
根据本第 12.1 条提交的业务管理报告应包括但不限于主要合作伙伴和产品、收入、经营数据和主要合作渠道的业绩比较，根据本第 12.1 条提供给投资人的所有财务报表应包括相应财务期间的资产负债表、损益表和现金流量表，并应按照中国公认会计原则或各投资人可接受的其他国际会计准则编制。
12.2 Inspection Rights. Each Group Company and each Founder covenants and agrees that the Investors shall have the right to inspect, copy and summarize (as applicable) facilities, properties, records (including all written resolutions and minutes of the Board and general meetings) and financial books of each Group Company at any time dûing regular working hours and to make extracts and copies therefrom, and the right to diseuss the business, operation and conditions
12.2 查阅权。各集团公司及各创始人承诺并同意，投资人有权在正常工作时间内随时检查、复制和汇总 （如适用）各集团公司的设施、财产、记录（包括所有书面决议及董事会和股东大会的会议记 录）及财务账簿，并有权从中摘录和复制，以及有权对业务、经营和条件进行讨论。

of a Group Company with any Group Company s directors, officers, employees, independent accounts, legal counsels and investment bankers, and the right to compel an audit of any of the Group Companies at any time at the cost of the Company no more than once a year (the “Inspection Right”). Notwithstanding the aforesaid, if the Investors invest in the Competitor, the Company has the right not to provide the core data or information related to business operations of any of the Group Companies.
集团公司的董事、高级职员、雇员、独立会计师、法律顾问和投资银行家，并有权在任何时候要求对集团公司进行审计，费用由本公司承担，每年不超过一次（"检查权"）。尽管有上述规定，如果投资者投资于竞争者，公司有权不提供与任何集团公司业务运营相关的核心数据或信息。
12.3 Account Monitoring Right. The Company shall have provided Bilibili and EGP with reading access to the capital account, and the Company shall have provided Bilibili and EGP with information regarding Company’s capital account any sirgle disbursement or expenditure (other than those set forth in the annual budget of the Company) over US $\mathrm{\$}500,000$$\mathrm{\$}500,000$$500,000\$ 500,000 (or equivalent amount in another currency) made from the capital account.
12.3 账户监督权。公司应向 Bilibili 和 EGP 提供资本账户的读取权限，并且公司应向 Bilibili 和 EGP 提供有关公司资本账户的信息，说明资本账户中任何超过 $\mathrm{\$}500,000$$\mathrm{\$}500,000$$500,000\$ 500,000 美元（或等值的其他货币）的付款或支出（公司年度预算中规定的除外）。

13. Most Favorable Terms.
13.最优惠条款。

14. Founders' Undertaking.
14.创始人的承诺

14.1 Non-compete. Each of the Founders hereby undertakes that, during the period starting from Januaty 28,2022 to the later of (a) three (3) years after the date of the consummation of the QUPO; or (b) two (2) years from the date on which he/she ceases to work for the Group Companies, without written consent of the Investors, the Founders shall not, and shall cause their respective Affiliates and Key Employee not to, individually or jointly with others, directly or indirectly, be engaged in any business in competition with, same with or similar with the business engaged by any Group Company (the “Competitive Business”) or directly or indirectly hold any equity interest in or hold any position (including, withopt limitation, director, senior manager, employee, partner, investor, agent, etc.) in any entity engaged in any Competitive Business (collectively, the Competitive Entities") or, be engaged in any other acts detrimental to the interests of the Company, including, without limitation:
14.1 竞业禁止。每位创始人特此承诺，自 2022 年 1 月 28 日起至 (a) 《全面收购协议》完成之日后三 (3) 年或 (b) 他/她停止为集团公司工作之日后两 (2) 年（以较晚者为准）的期间内，未经投资方书面同意，创始人不得，并促使其停止为集团公司工作；或 (b) 自他/她停止为集团公司工作之日起两 (2) 年内（以较晚者为准），未经投资方书面同意，创始人不得，并应促使其各自的关联方和关键员工不得单独或与他人共同直接或间接从事与任何集团公司所从事的业务（"竞争性业务"）竞争、相同或相似的任何业务，或直接或间接持有任何股权或担任任何职务（包括但不限于董事、高级经理、雇员、合伙人、投资人、代理人等）。在从事任何竞争性业务的任何实体（统称为 "竞争性实体"）中直接或间接持有任何股权或担任任何职务（包括但不限于董事、高级经理、雇员、合伙人、投资者、代理等），或从事任何其他损害公司利益的行为，包括但不限于
(i) to control, directly or indirectly, or hold any equity interest in any Competitive Entities;
(i) 直接或间接控制或持有任何竞争实体的任何股权；

(ii) to provide loans, customer information, advice, consultancy or any other form of assistance to any Competitive Entities;
(ii) 向任何竞争实体提供贷款、客户信息、建议、咨询或任何其他形式的协助；
(iii) to directly or indirectly engage in Competitive Business or acquire benefits from any Competitive Entifies,
(iii) 直接或间接从事竞争性业务或从任何竞争性实体获取利益、

(iv) to acquire customers, directl or indirectly, relating to the business of the Group Companies or enter into or attemplo enter into transactions with customers having business dealings with the Group Companies other than for the benefit of the Group Companies;
(iv) 直接或间接获得与集团公司业务有关的客户，或与与集团公司有业务往来的客户进行或试图进行交易，但集团公司的利益除外；
(v) to employ any person whose employment with the Group Companies is terminated after January 28, 2022, in any manner through any individual or organization which is directly or indirectly controlled by him/her or in which he/she has an interest; or
(v) 通过其直接或间接控制的个人或组织，或通过其拥有权益的个人或组织，以任 何方式雇用其在 2022 年 1 月 28 日之后与集团公司终止雇佣关系的任何人员；或 (vi) 通过其直接或间接控制的个人或组织，或通过其拥有权益的个人或组织，以任 何方式雇用其在 2022 年 1 月 28 日之后与集团公司终止雇佣关系的任何人员。
(vi) solici or entice away or attempt to solicit or entice away from any Group Company, any employee, consultant, supplier, customer, client, representative, or agentof such Group Company.
(vi) 招揽或引诱或试图招揽或引诱集团公司的任何雇员、顾问、供应商、客户、客 户、代表或代理人。

• In the event that any of the Founders breaches this Section 14.1. without limiting the other rights of the Investors and the Group Companies, the Founder in breach shall transfer all the proceeds received therefrom from Compentive Businesses and/or other breaches to the Company without consideration.
  在不限制投资方和集团公司其他权利的前提下，如果任何创始人违反本第 14.1 条的规定，违 反规定的创始人应将从奖励业务和/或其他违规行为中获得的所有收益无偿转让给公司。
  14.2 The Founders hereby undertake to the Company and the Investors that all of the Founders, and any of their Affiliates shall not, directly or indirectly, solicit or improperly recruit the employees or senor managers of the Group Companies, and except as required by applieable Laws and regulations or Governmental Orders, they will not disclose to any Person, or use for any purpose, any confidential information of or relating to the Investors and/or any of the Group Companies.
  14.2 创始人特此向本公司及投资者承诺，所有创始人及其任何关联方不得直接或间接招揽或不当招募集团公司的雇员或高级管理人员，除非适用法律和法规或政府命令另有规定，否则不得向任何人士披露或出于任何目的使用投资者及/或任何集团公司的任何机密信息或与之相关的任何机密信息。
  14.3 Service Term. Each of the Founders shall ensure that the Founders, and shall cause the Key Employees to be employed by the Group Companies no less than four (4) consecutive years from the date of the Closing of the Series B Share Subscription Agreement, and that the Founders and the Key Employees shall devote all of their working time and major efforts exclusively to the operation of the Groap Companies, and shall do thẹir best efforts to promote the development and pursue the benefits of the Group Companies.
  14.3 服务期限。各创始人应确保自 B 系列股份认购协议完成之日起，创始人及主要员工受雇于集团公司的时间不得少于连续四 (4) 年，且创始人及主要员工应将其所有工作时间和主要精力专门用于 Groap 公司的运营，并应尽最大努力促进集团公司的发展和追求集团公司的利益。

15. Warrant. 15.授权令。

15.1 Subject to the Loan Agreement, if the full and effective exercise of any rights of the holder of the Warrant in accordance with this Agreement and the - Memorandum and Articles requires its prior exercise of a Warrant, the Shareholders shall, subject to applicable Laws, use their voting and management power to allow the exercise of the Warrant (subject to the terms therein) or, if Hengdian (as the holder of the Warrant) is still unable to exercise its Warrant due to regulatory restrictions, to allow such rights of the holder of Warrant to be exercised to the maximum extent permitted under the applicable Laws, and to provide such commercially reasonable assistance (including the reasonable extension of any time constraint pertaining to the exercise of anyrights of the holder of the Warrant under this Agreement) as may be reasonably requested by the holder of the Warrant, which assistance shall in no event create Material Adverse Effect on such Shareholder or
15.1 在貸款協議的規限下，倘若認股權證持有人根據本協議及章程大綱及細則全面及有效地 行使任何權利需要事先行使認股權證，則股東應在適用法律的規限下，運用其投票權 及管理權以允許行使認股權證（受限於其中的條款），或倘若橫店（作為認股權證持有人） 因監管限制而仍未能行使其認股權證、在適用法律允許的最大範圍內，允許認股權證持有人行使該等權利，並提供認股權證 持有人合理要求的商業上合理的協助（包括合理延長與行使本協議項下認股權證持 有人的任何權利有關的任何時間限制），而該等協助在任何情況下均不得對該等股 東或本公司造成重大不利影響。
the holder of the Warrant.
认股权证持有人。
15.2 Upon the full or partial exercise of the Warrant issued to the holder of the Warrant, the holder of the Warrant (or its designated Affiliate) will be bound by this Agreement as a Shareholder without any further action. For the avoidance of doubt, the holder of the Warrant will, after giving notice of exercise of the Warrant, continue to be entitled to its rights as a holder of the Warrant hereunder until the holder of Warrant (or its designated Affiliate) has been duly recorded as a shareholder of the Company on the Exercising Date.
15.2 向認股權證持有人發行的認股權證全部或部分行使後，認股權證持有人（或其指定聯屬公司）將作為 股東受本協議約束，而毋須採取任何進一步行動。為免生疑問，認股權證持有人在發出行使認股權證的通知後，將繼續享有其作為認股權證 持有人的權利，直至認股權證持有人（或其指定聯屬公司）於行使日期正式登記為本公司股 東為止。
16. Indemnity 16.赔偿
16.1 Indemnification. If any Party breaches this Agreement, the other Parties, in addition to other rights under this Agreement, shall have the right to claim for damages for losses suffered by them as a result of such breach Except as otherwise agreed in this Agreement, the Parties in breach of this Agreement ( the “Defáulting Party”) shall indemnify, defend and hold harmless other Parties ( the “Don-Defaulting Party”) from and against: (i) any breach by the Defaulting Party of any of its representations and warranties under this Agreement or any of its representations and warranties made in this Agreement is untrue, or (ii) any breach by the Defaulting Party of or failure to fully perform any covenant, agreement, undertaking or obligation under this Agreement (other than those waived by the other Non-Defaulting Party in writing). The Defanlung Party shall indemnify or reimburse the Non-Defaulting Party for any and all losses, damages, liabilities, claims, costs and expenses (including the reasonable fees, disbursements and other charges of counsel incurred by the Non-Defaulting Party) resulting from or arising out of such breach by the Defaulting Party.
16.1 赔偿。如果任何一方违反本协议，其他各方除享有本协议规定的其他权利外，还有权就其因违 反本协议而遭受的损失提出损害赔偿要求 除本协议另有约定外，违反本协议的各方（"违约方"）应就以下情况对其他各方（"不 违约方"）进行赔偿、为其辩护并使其免受损害：(i) 违约方违反其在本协议项下的任何陈述和保证，或其在本协议中所作的任何陈述和保证不真实，或 (ii) 违约方违反或未能充分履行本协议项下的任何约定、协议、承诺或义务（其他非违约方书面放弃的约定、协议、承诺或义务除外）。违约方应赔偿或补偿非违约方因违约方的违约行为而导致或引起的任何及所有损失、损害、责任、索赔、成本和费用（包括非违约方产生的合理的律师费、代付费和其他费用）。
16.2 Founder’s Liability. The Parties agree that the Founders shall bear joint and several liability to indemaify the Investors for any breach by any of Group Companies hereunder. Unless caused by the fraud, willful or gross negligence of any Founder, the aggregate liability of the Founders under this Section 16 shall be limited to the fair market value of all Equity Securities then directly or indirecty held by such Founder and, his/her Affiliates in the Group Companies, without involving personal properties other than the Equity Securities held by the Fôunders in the Company.
16.2 创始人的责任。各方同意，创始人应对集团公司的任何违约行为承担连带赔偿责任。除非因任何创始人的欺诈、故意或重大过失造成，否则创始人在本第 16 条下的责任总额应仅限于该创始人及其关联方当时在集团公司中直接或间接持有的所有股权证券的公平市值，且不涉及创始人在公司中持有的股权证券以外的个人财产。
16.3 Term. Notwithstanding anything to the contrary contained herein, this Séction 16 shall survive the termination of this Agreement.
16.3 期限。尽管本协议有任何相反规定，本第 16 条在本协议终止后继续有效。

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  17.4 Term. The Parties agree that this Section 17 shafl survive changes to, and rescission, or termination of this Agreement.
  17.4 期限。双方同意，本第 17 条在本协议变更、撤销或终止后继续有效。

18. Other Agreement. 18.其他协议。

18.1 Termination upon QIPO. The Investors’ preferential rights under this Agreement may be terminated as requested by the competent Governmental Authorities or applicable Laws during the IPO process. Notwithstanding the foregoing, if the Company fails complete the QIPO within twelve (12) months
18.1 在 QIPO 时终止。在首次公开募股过程中，主管政府当局或适用法律可要求终止投资者在本协议项下的优惠权利。尽管有上述规定，如果公司未能在十二（12）个月内完成 QIPO

after its preferential rights are terminated or any extension period agreed upon by the Investors, the Investors’ preferential rights under this Agreement shall be automatically reinstated or restored. The Company shatl, within ten (10) Business Days from the date on which the Investors requests such resumption of rights, execute the documents that the Investors,deems necessary for the resumption of its rights and cooperate with the conpletion of relevant matters in connection with the resumption of its rights in a manner satisfactory to the Investors.
在其优先权终止后或投资人同意的任何延长期后，投资人在本协议项下的优先权将自动恢复或复原。公司应在投资人要求恢复其权利之日起十（10）个工作日内，签署投资人认为恢复其权利所需的文件，并以投资人满意的方式配合完成恢复其权利的相关事宜。
18.2 Rights Assurance. In the event that any of the Investors’ rights under the Transaction Documents cañot be realized during the IPO process due to applicable Laws ortrequirements of competent Governmental Authorities, all Parties shall use their best efforts to seek alternative solutions to realize such rights in accordance with applicable Laws and regulations.
18.2 权利保证。如果在首次公开发行过程中，由于适用法律或政府主管部门的要求，投资者在交易文件项下的任何权利无法实现，各方应尽最大努力寻求替代解决方案，以根据适用法律和法规实现这些权利。

19. Miscellaneous. 19.杂项

19.6 Dispute Resolution. -
19.6 争议解决。-

(i) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement or the existence, interpretation, performance, breach, termination or validity hereof or any dispute regarding non-contractual obligations arising out of or relating to it shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with the HKIAC Administered Arbitration Rules in force upon the request of any Party to the Dispute with notice to each other Party to the Dispute (the “Arbitration Notice”).
(i) 因本协议引起的或与本协议有关的，或因本协议的存在、解释、履行、违反、 终止或有效性引起的或与本协议有关的，或因本协议引起的或与本协议有关的 非合同义务引起的任何争议，均应提交香港国际仲裁中心（"香港国际仲裁中 心"）根据现行有效的《香港国际仲裁中心管理的仲裁规则》进行仲裁并最终解 决，香港国际仲裁中心应根据争议任何一方的请求并通知争议另一方（"仲裁通 知"）进行仲裁。

(ii) When any Dispute occurs and when any Dispute is under arbitration, except for the matters in dispute, the Parties shall continue to fulfill their respective obligations and shall be entitled to exercise their rights under this Agreement.
(ii) 当发生任何争议和任何争议正在仲裁时，除争议事项外，双方应继续履行 各自的义务，并有权行使本协定规定的权利。
(iii) The costs of arbitration shall be bone by the losing Party, unless otherwise determined by the arbitration tribunal.
(iii) 仲裁费用应由败诉方承担，除非仲裁庭另有决定。
(iv) The award of the arbitration tribunat shall be final and binding upon the Parties, and the prevailing Party may apply to a court of competent jurisdiction for enforcement of such award.
(iv) 仲裁庭的裁决应为终局裁决，对当事方具有约束力，胜诉方可向有管辖权的 法院申请执行该裁决。
(v) Any Party shall be entitled to seek preliminary injunctive relief from any court of competent jurisdiction pending the constitution of the arbitration tribunal.
(v) 在仲裁庭组成之前，任何缔约方均有权向任何有管辖权的法院寻求初步禁令救 济。
19.7 Notices. All notices, requests, claims, demands and other communications hereunder shall $be$$be$beb e in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by an internationally recognized overnight courier service, by facsimile or registered or certified mail (postage prepaid, return receipt requested) or electronic mail to the respective parties at the addresses specified on SCHEDULE II (or at such other addrêss for a party as shall be specified in a notice given in accordance with this Section 19.5). Where a notice is sent by next-day or second-day courier service, service of the notice shall be deemed to be effected by propely addressing, pre-
19.7 通知。本协议项下的所有通知、请求、索赔、要求和其他通信均应 $be$$be$beb e 以书面形式发出或作出（并应在收到时视为已正式发出或作出），方式包括亲自递送、国际公认的隔夜快递服务、传真或挂号或挂号邮件（预付邮资，要求回执）或电子邮件至附表 II 中指定的各方地址（或根据本第 19.5 条发出的通知中指定的一方的其他地址）。如果通知是通过翌日或第二日快递服务发送的，则通知的送达应被视为通过以下方式实现

• paying and sending by next-day or second-day service through arinternationallyrecognized courier a letter containing the notice, with a written confirmation of delivery, and to have been effected at the earlier of (i) delivery (or when delivery is refused) and (ii) expiration of two (2) Business Days after the letter containing the same is sent as aforesaid. Where a notice is sent by facsimile or electronic mail, service of the notice shall be deemed to be effected by properly addressing, and sending such notice through a transmitting organization, with a written confirmation of delivery, and to have been effected on the day the same is sent as aforesaid, if such day is a Business Day and if sem during normal business hours of the recipient, otherwise the next Business Day
  通过国际认可的快递公司以次日或第二日送达方式支付和发送载有通知的信函，并附有书面送达确认书，且在(i)送达（或拒绝送达）和(ii)按上述方式发送载有通知的信函后两(2)个营业日届满时（以较早者为准）送达。如果通知是通过传真或电子邮件发送的，则通知的送达应被视为通过适当的地址和发送机构发送通知，并附有书面的送达确认书，并在按上述方式发送通知的当日生效，如果当日是营业日，且通知是在收件人的正常营业时间内发送的，则在下一个营业日生效。
  19.8 Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and roprovide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the Parties. In such event, the Parties shall use best endeavours to negotiate, in good faith, a substitute, valid and enforcêable provision or agreement which most nearly effects the Parties’ intent in entering into this Agreement.
  19.8 可分割性。如果本协议的任何条款被认定为无效或不可执行，则应在可行的范围内对该条款进行解释，以使其可执行，并使本协议拟进行的交易能按与本协议最初规定的基本相同的条款完成；如果任何可行的解释都无法挽救该条款，则应将其从本协议的其余部分中分割出来，本协议的其余部分仍应具有完全的效力和作用，除非被分割的条款对双方预期的权利或利益至关重要。在此情况下，双方应尽最大努力，本着诚意谈判达成一项替代的、有效的和可执行 的条款或协议，以最接近地实现双方签订本协议的意图。
  19.9 Amendmerts and Waivers. This Agreement may only be amended or modified with an instrument in writing signed by all the Parties; provided that any Party may (i) extend the time for the performance of any of the obligations or othen acts of a another Party, (ii) waive any inaccuracies in the representations and warranties of another Party contained herein or in any document delivered by another Party pursuant hereto, or (iii) waive compliance with any of the agreements of another Party or conditions to such Party’s obligations contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by the Party to be bound thereby. Any waiver of any term or condition shal not be construed as a waiver of any subsequent breach or a subsequent waiver of the same term or condition, or a waiver of any other term or condition of this Agreement. The failure of any Party to assert any of its rights hereunder shall not constitute a waiver of any of such rights.
  19.9 修订与弃权。本协议只能通过所有缔约方签署的书面文件进行修订或修改；但任何缔约方均可 (i) 延长另一缔约方履行任何义务或其他行为的时间，(ii) 放弃本协议或另一缔约方根据本协议交付的任何文件中包含的另一缔约方的陈述和保证中的任何不准确之处，或 (iii) 放弃遵守本协议中包含的另一缔约方的任何协议或该缔约方义务的条件。任何此类延期或弃权只有在受其约束的一方签署的书面文件中规定方为有效。对任何条款或条件的弃权不得解释为对任何后续违约行为的弃权，或对同一条款或条件的后续弃权，或对本协议任何其他条款或条件的弃权。任何一方未主张其在本协议项下的任何权利，不构成对任何此类权利的放弃。
  19.10 Delays or Omissions. No delay or omission in exercising any right, power or remedy accruing to any, Party hereto, upon any breach or default of any other Party under this Agreement, shall impair any such right, power or remedy of such Party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in ary similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any Party of any breach or defandt under this Agreement, or any waiver of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing.
  19.10 延误或遗漏。本协议任何其他方违反或不履行本协议时，本协议任何一方在行使应得的任何权利、权力或补救措施时的任何延迟或遗漏，均不得损害该方的任何此类权利、权力或补救措施，也不得解释为放弃任何此类违反或不履行本协议的行为，或默许此类违反或不履行本协议的行为，或放弃或默许此后发生的任何类似违反或不履行本协议的行为；对任何单一违反或不履行本协议的行为的放弃，也不得视为对此前或此后发生的任何其他违反或不履行本协议的行为的放弃。任何一方对本协定项下任何违反或违约行为的任何种类或性质的放弃、许可、同意或 批准，或对本协定任何条款或条件的放弃，必须以书面形式作出，且仅在该书面形式具体 规定的范围内有效。
  19.11 No Presumption. The Parties acknowledge that any applicable Law that would require interpretation of any claimed ambiguities in this Agreement against the Party that drafted it has no application and is expressly waived. If any claim is made by a Party relating to any conflict, omission or ambiguity in the proyisions of this Agreement, no presumption or burden of proof or persuasion will be mplied because this Agreement was prepared by or at the request of any Party or its counsel.
  19.11 无推定。双方承认，任何适用法律要求对本协定中任何声称的模棱两可之处作出不利于起草本 协定的一方的解释的，均不适用，并被明确放弃。如果一方就本协议条款中的任何冲突、遗漏或含糊不清之处提出任何索赔，将不会因本协议是由任何一方或其律师起草或应其要求起草而作出推定或承担举证或说服责任。
  19.12 Counterparts. This Agreement may be executed and delivered by facsimile or other electronic signature and in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. The Parties irrevocably and unreservedly agree that this Agreement may be executed by way of electronic signatures and the Parties agree that this Agreement, or any part
  19.12 对应文件。本协定可以传真或其他电子签名方式和任何数量的对应文件签署和递交，每份对应文件均 为正本，但所有对应文件共同构成一份文书。双方不可撤销且毫无保留地同意本协议可以电子签名方式签署，并且双方同意本协议或其任何部分
  thereof, shall not be challenged or denied any legal effect, validity and/or enforceability solely on the ground that it is in the formof an electronic record.
  不得仅因其形式为电子记录而质疑或否认其法律效力、有效性和/或可执行性。
  19.13 Entire Agreement. This Agreement (including the Exhibits and Schedules hereto) constitutes the ful/and entire understanding and agreement among the Parties with regard to the subjects hereof, and supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations between the Parties with respect to the subject matter hereof (including the prior Shareholders Agreement)
  19.13 完整协议。本协议（包括本协议的附件和附表）构成双方就本协议标的达成的全面/完整的谅解和协议，并取代双方之前就本协议标的（包括之前的《股东协议》）进行的任何及所有谈判、通信、协议、谅解、责任或义务。
  19.14 Control. If and to the extent that there are inconsistencies between the provisions of this Agreernent and those of the Memorandum and Articles, the terms of this Agreement shall control as among the shareholders of the Company (including the hofder of the Warrant) only. The Parties hereto agree to take all actions necessary or advisable, as promptly as practicable after the discovery of such inconsistency, to amend the Memorandum and Articles so as to eliminate such incousistency, and not to take any actions that impair any provisions in this
  19.14 控制权。倘若本協議的條文與章程大綱及細則的條文有不一致之處，則僅在本公司股東（包括認股 權證持有人）之間以本協議的條款為準。协议各方同意在发现该等不一致后，在切实可行的情况下尽快采取一切必要或可取的行 动，修订备忘录和章程，以消除该等不一致，且不采取任何行动损害本协议中的任何规定。
  

  

COMPANY： 公司：

IN WITNESS WHEREOF, the Parties have duly executed this Shareholders Agreement as of the date first above writtem
本股东协议由双方于上述日期正式签署，以昭信守。

IN WITNESS WHEREOF, the Parties hate doly executed this Shareholders
双方谨签署本股东协议，以昭信守。
Agreement as of the date first above written.
本协定自上述日期起生效。

IN WITNESS WHEREOF, the Parties have duly executed this Shareholders
双方正式签署本股东协议，以昭信守。
Agreement as of the date first above written, Agreement as of the date first above written,
本协定自上述日期起生效，自上述日期起失效、

OTHER ORDINARY HOLDER/ 其他普通持有人/
THE SERIES B INVESTOR:
B 系列投资者：
Enlight Growth Partners II, L.P.

IN WITNESS WHEREOF，the Parties have duly executed this shareholders Agreement as of the date first above written
为此，双方于上述日期正式签署本股东协议，以昭信守。

By： 作者：

Title：Authorized Signatory
标题：授权签字人

Part I 第一部分

Section A A 部分

Major Group Subsidiaries
集团主要子公司

Founders 创始人

Part III Other Ordinary Holder
第 III 部分 其他普通持有人

Part IV 第四部分

Series B Investors B 轮投资者

SCHEDULE II 附表 II

NOTICES 通知

．
If to the Group Companies，the Founders and the Ordinary Holders：
如果对集团公司、创始人和普通股持有人而言： 如果对集团公司、创始人和普通股持有人而言： 如果对集团公司、创始人和普通股持有人而言： 如果对集团公司、创始人和普通股持有人而言
Address：13F， 03 Room，Guangdong Advertising Creative Center，No．257，Changgang
地址：长岗 257 号广东广告创意中心 13 楼 03 室
East Road，Haizhu District，Guangzhou，Guangđong，China
海珠区海珠东路，广州，广东，中国
Email：yvonnetan＠jasonanime．com
电子邮件：yvonnetan＠jasonanime．com
Attention：Yvonne Tan 请注意：Yvonne Tan

If to the Series A Investor
如果 A 轮投资者
Address：17F，Building No．3，Guozheng Centre，No．485，Zhengli Road，Yangpu District，
地址：上海市杨浦区胜利路 485 号国政中心 3 号楼 17 楼
Shanghai，China 上海，中国
Email：wangiirg05＠bilibili．com
电子邮件：wangiirg05＠bilibili．com
Attention：Bella Wang 请注意：Bella Wang

If to EGP： 若为 EGP：
Address： 地址：
Email： 电子邮件：
Attention： 请注意：
Unit 2102， 55 West Weifang Road，Pudong District，Shanghai，China daisy＠egpvc．com
Unit 2102, 55 West Weifang Road, Pudong District, Shanghai, China daisy＠egpvc.com
Daisy Qiu

1

NOW THEREFOREIT IS HEREBY AGREED as follows:
因此，兹协议如下
(a) Words and expressions used in this Deed shall have the same meaning assigned to them in the Shareholders Agreement unless the context otherwise expressly requires. The rules of interpretation corntained in Section 1.2 of the Shareholders Agreement shall apply to the construction of this Deed with all necessary changes.
(a) 除非文義另有所指，本契據所用詞彙與股東協議所賦予的涵義相同。股东协议第 1.2 节中的解释规则应适用于本契约的解释，并做出所有必要的更改。
(b) The New Shareholder hereby confirms that it has been supplied with a copy of the Shareholders Agreement.
(b) 新股东特此确认已收到股东协议副本。
© The New Shareholder hereby agrees to assume and assumes the benefit of the rights [of the Transferor] under the, Shareholders Agreement in respect of the [Transferred Shares OR Subscribed Shares] and hereby agrees to assume and assumes the burden of the [Transferor’s] obligations under the Shareholders Agreement to be performed after the date hereof in respect of
©新股东特此同意承担股东协议项下[转让方]有关[转让股份或认购股份]的权利并从中获益，并特此同意承担股东协议项下[转让方]在本协议日期后就以下方面应履行的义务并为此承担责任
(d) The New Shareholder hereby agrees to be bound by the Shareholders Agreement in all respects as if the New Shareholder were a party to the Shareholders Agreement as the Founder / the Employee Shareholder / the Ordinary Holder / the Series A Investor / the Series B Investor [description of capacity]] and to perform:
(d) 新股东特此同意在所有方面受股东协议约束，如同新股东作为创始人/员工股东/普通股持有人/A 轮投资者/B 轮投资者[身份描述]]是股东协议的一方，并履行：
(i) [all the obligations of the Transferor in that capacity thereunder; and]
(i) [转让人在该协议项下以该身份承担的所有义务；以及] (ii) [转让人在该协议项下以该身份承担的所有义务。

(e) The New Shareholder hereby further agrees and covenants that the [acquisition, owning and holding of Transferred Shares/subseription, owning and holding of Subscribed Shares] is in full compliance with the requirements of all applicable Laws.
(e) 新股东特此进一步同意并承诺，[收购、拥有和持有转让股份/转售、拥有和持有认购股份] 完全符合所有适用法律的要求。

This Deed is made for the benefit of: (i) the parties to the Shareholders Agreement, and
本契约的受益人为(i) 股东协议各方，及
(ii) any other Person who may after the date of the Shareholders Agreement (and whether or not prior to, on or after the date hereof)
(ii) 在股东协议日期之后（无论是否在本协议日期之前、当日或之后）可 能出现的任何其他人士
assume any rights or obligations under the Shareholders Agreement Agreement (and whether or not prior to, on or after the date hereof)
承担股东协议协议项下的任何权利或义务（无论是否在本协议日期之前、当日或之后）
assume any rights or obligations under the Shareholders Agreement and be permitted to do soby the terms thereof;
承担《股东协议》规定的任何权利或义务，并获准根据协议条款行事；
and this Deed shall be irrevocable without the written consent of the Company acting on their behalf in each case only for so long as they hold any Equity Securities in the capital of the Company.
且本契约在未经代表其行事的本公司书面同意的情况下不可撤销，但仅限于其持有本公司股本中的任何股本证券期间。
(g) [For the avoidance ofdoubt, if applicable, nothing in this Deed shall release the Transferor from any liability in respect of any obligations under the Shareholders Agreement due to be performed prior to the date of this Deed.]
(g) [为免生疑问，如适用，本契约概不解除转让方对本契约日期前应履行的股东 协议项下任何义务的任何责任。］
all the obligations expressed to be imposed on such a party to the Shareholders Agreement;
《股东协议》明确规定的该缔约方的所有义务；
[in both cases, to be performed on or after the date hereof.
[在这两种情况下，均应在本协议签订之日或之后履行。

Cone of the Investors: 投资者的锥体：
(h) None of the Investors:
(h) 没有投资者：

(ii) makes any representation or warranty or assumes any responsibility with respect to the content of any information regarding the Company or any Group Company or otherwise relates to the acquisition of Equity Sequrities in the Company; or
(ii) 就有关本公司或本集团任何公司的任何信息的内容，或以其他方式与收购本公司股权证券有关的内容，作出任何陈述或保证，或承担任何责任；或 (iii) 就有关本公司或本集团任何公司的任何信息的内容，或以其他方式与收购本公司股权证券有关的内容，作出任何陈述或保证，或承担任何责任。
(iii) assumes any responsibility for the financial condition of the
(iii) 对该机构的财务状况承担任何责任。

Company or any Group Company or any, other party to the Shareholders Agreement or any other document or for the performance and observance by the Company or any other party to the Shareholders Agreement or any other document (save as expressly provided therein);
本公司或任何集團公司或股東協議或任何其他文件的任何其他訂約方，或本公司或股東協議或任何其他文件的任何其他訂約方的履約及遵守（該協議或任何其他文件明確規定者除外）；
and any and all conditions and warranties, whether express or implied by Law or otherwise, are excluded.
任何及所有条件和保证，无论是明示的还是法律或其他方面默示的，均被排除在外。
(i) The New Sharehorder’s address for notices, demands and all other communications under the Shareholders Agreement is as follows:
(i) 根据股东协议，新股东的通知、要求和所有其他通信地址如下：
[name of New Shareholder]
[新股东姓名]
Address: Fax Number: 地址：传真号码
Email: 电子邮件：
Attention: 请注意：

This Deed shall be governed by and construed infall respects in accordance with the laws of Hong Kong.
本契约受香港法律管辖，并在所有方面按照香港法律解释。
[SIGNATURE PAGE TO FOLLOW]
[签字页在后]

EXECUTED AS A DEED
作为契约执行

SEALED with the COMMON SEAI
用通用海印密封
of [name of New Shareholder] and SIGNED by [ $$$$qquad\qquad ]
新股东名称]并由[ $$$$qquad\qquad ]签署。
(Director) 主任
in the presence of:-
当着：-

Name of witness:
Address of witness:
SEALED wit)
证人姓名证人地址密封证人)

Name of witness: 证人姓名
Address of witness: 证人地址

4

EXHIBIT B 附录 B

LIST OF COMPETITORS 竞争者名单

1．卡盟文化创意（杭州）有限公司
2．漫代聚焦艺术（上海）有限公訶 2．漫代聚焦艺术（上海）有限公顷
3．上海闪魂科技有限公司