SHARERESTRICTIONAGREEMENT

1、SHARE RESTRICTION AGREEMENTTHIS SHARE RESTRICTION AGREEMENT (this "Agreement" ) is entered into on (the “Effective Date " ), by and among, a organized under the laws of Cayman Islands (the " Company ), each of the individuals and their respective holding companies through which s

2、uch individual holds certain ordinary shares of the Company as listed on Schedule I attached hereto (each such individual, a" Principal " and collectively, the"Peach such holding company, a "Holding Company" and collectively, the“HoldingCompanies" and with the Principal

3、s, the" Restricted Persons " ), and the Persons liston Schedule II attached hereto, together with its successor and permitted assign and transferee (the “ InvesEach of )the parties to this Agreement is referred to herein herein without definition shall have the meanings set forth in the Sh

4、areholders Agreement (as defined below).individually as a“Party and collectively as the CapitalizedRterties u§edRECITALSA. The Investor has agreed to purchase from the Company, and the Company has agreed to sell to the Investor, certain Series A Preferred Shares of the Company on the terms and

5、conditions set forth in the Series A Preferred Share Purchase Agreement dated by and among the Company, the Principals, the Holding Companies, the Investor, and the other parties thereto (the“ Purchase Agreement ).B. The Purchase Agreement provides that it is a condition precedent to the consummatio

6、n of the transactions contemplated under the Purchase Agreement that the Parties enter into this Agreement.C. The Parties desire to enter into this Agreement and make the respective representations, warranties, covenants and agreements set forth herein on the terms and conditions set forth herein.WI

7、TNESSETHNOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties intending to be legally bound hereto hereby agree as follows:1. Definiti

8、ons.1.1 The following terms shall have the meanings ascribed to them below: “Affiliate“ means, with respect to a Person, any other hadrsoneCtly orindirectly, Controls, is Controlled by or is under common Control with such Person. In the case of any Investor, the term“Affiliate “ also includes (v) an

9、yshareholder of such Investor, (w) any of such shareholder' s or such Investor ' spartners or limited partners, (x) the fund manager managing or advising such shareholder or such Investor (and general partners, limited partners and officers thereof) and other funds managed or advised by such

10、 fund manager, (y) trusts Controlled by or for the benefit of any such Person referred to in (v), (w) or (x), and (z) any fund or holding company formed for investment purposes that is promoted, sponsored, managed, advised or serviced by such Investor or any of its shareholder or its shareholders ge

11、neral partner or fund manager.“ Business Day " means any day that is not a Saturday, Sunday, legal holiday or other day on which commercial banks are required or authorized by law to be closed in the Cayman Islands, the PRC or Hong Kong.“ Board of Directors “ means the board of directors of the

12、 Company.“Cause“ means, with respect to a Principal, the determination by a majority of the non-Principal directors on the Board of Directors of the Company that the Principal: (a) has committed an act of theft, forgery, fraud, dishonesty, misappropriation or embezzlement, has committed an act which

13、 brings the Principal or any Group Company into public disrepute, contempt, scandal or ridicule, has committed a knowing violation of any order, rule or regulation of any court or governmental or regulatory body or authority, or has violated any duty of loyalty or other fiduciary duty owed to the Gr

14、oup; (b) has been indicted or convicted of, or pled guilty or nolo contendere to, any felony (other than a moving vehicle violation); (c) has engaged in the unlawful use or possession of illegal drugs; (d) has breached in any material respect this Agreement or any other agreement among such Principa

15、l and the Company (and certain other parties thereto, if any, including any employment agreement, confidentiality and invention assignment agreement and non-compete agreement), which breach is not cured (if curable, and if other than a funding obligation) within 30 days after receipt of written noti

16、ce from the Company to such Principal specifying such failure; (e) has materially breached or materially failed to comply with the good-faith and reasonable directions of the Board of Directors of the Company; or (f) has failed to devote all of his/her full professional time, attention, energies and

17、 abilities to his/her employment for the Group Companies.“ Control “ of a given Person means the power or authority, whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or ot

18、herwise;provided, that such power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control

19、the composition of a majority of the board of directors of such Person. The terms " Controlled " and " Controlling have meanings correlative to the foregoing.“ Equity Securities “ means with respect to any Person that is a legal entity, any and all shares of capital stock, membership

20、interests, units, profits interests, ownership interests, equity interests, registered capital, and other equity securities of such Person, and any right, warrant, option, call, commitment, conversion privilege, preemptive right or other right to acquire any of the foregoing, or security convertible

21、 into, exchangeable or exercisable for any of the foregoing.“Group Company" has the niegirgiven to such term in the Memorandum and Articles.“Hong Kong“ means the Hong Kong Special Administrative Region.“ Leave/Disability “ means, with respect to a Principal, that such Principal has been unable

22、to perform his or her duties due to serious 川ness, disability, or mandatory leave from office as required by applicable law (including but not limited to statutory military services) for three (3) consecutive months or six (6) months in any twelve (12) month period, in the case of illness or disabil

23、ity, or up to a consecutive period of two (2) years, in the case of mandatory leave as required by applicable law.“ Majority Series A Preferred Holders “ means the holders of 50% or more of the voting power of the then outstanding Series A Preferred Shares and/or Ordinary Shares converted therefrom

24、(voting together as a single class and calculated on an as-converted basis)."Memorandum and Articles " means the Amended and Restated Memorandum of Association of the Company and the Amended and Restated Articles of Association of the Company, as each may be amended and/or restated from ti

25、me to time.“ Ordinary Shares " means the ordinary shares of the Company, par value US$ per share.“Person " means any individual, corporation, partnership, limited pastlie, proprietorship, association, limited liability company, firm, trust, estate or other enterprise or entity.“ Qualified

26、IPO “ means a firm commitment underwritten public offering of the Ordinary Shares of the Company on the New York Stock Exchange, NASDAQ, Hong Kong Stock Exchange, or other internationally accepted stock exchange agreed by the Investor, (i) where the per share pre-offering valuation of the Company is

27、 at least times of the per share price of the Series A Preferred Shares (as adjusted for any share dividends, combinations, reclassifications or splits with respect to such shares and the like) and (ii) shares issued to the public in the offering by the Company shall not be less than 25% of all shar

28、es of the Company, on a fully-diluted basis, immediately following the public offering.“ Preferred Shares “ means, collectively, the Series A Preferred Shares of the Company.“ Restricted Shares " means, with respect to a Principal and such Principal' s HCompanies, all of the Shares hld by s

29、uch Principal and such Principal' s HoldingCompanies as of the Start Date and any new, substituted or additional Shares, securities or other property described in Section 3.5 of this Agreement received by any of them after the Start Date, which Shares, securities and other property shall remain

30、Restricted Shares until they are vested and released from the Repurchase Right pursuant to this Agreement.“Series A Preferred Shares “ means the Series A Preferred Shares of the Company, par value US$per share, with the rights and privileges as set forth in the Memorandum and Articles."Sharehol

31、ders Agreement " means the Shareholders Agreement, as defined in the Purchase Agreement and as amended from time to time.“Shares " means the Ordinary Shanrdghe Preferred Shares.“Start Date “ means, with respect to each Principal, the date of the Closing (as defined in the Purchase Agreemen

32、t) or the date of signing formal employment contract with the company, whichever is later.“Vested Shares mewe£that were Restricted Shares but that have subsequently become vested and released from the Repurchase Right pursuant to this Agreement.1.2 Other Defined Terms. The following terms shall

33、 have the meanings defined for such terms in the Sections set forth below:AgreementPreambleChange of Control EventSection 3.2(b)CompanyPreambleDisputeSection 5.4(a)Effective DatePreambleHKIACSection 5.4(a)Holding CompanyPreambleInvestorPreambleOther Restriction AgreementsSection 2.6PartyPreamblePrin

34、cipalPreamblePurchase AgreementRecitalsRepurchasable SharesSection 3.1Repurchase PeriodSection 3.3Repurchase EventSection 3.1Repurchase RightRepurchase Right HolderSection 3.1Section 3.1Restricted PersonPreambleTransferSection 2.1Transfer FormSection 2.21.3 Interpretation. For all purposes of this A

35、greement, except as otherwise expressly herein provided, (i) the terms defined in this Section 1 shall have the meanings assigned to them in this Section 1 and include the plural as well as the singular, (ii) all accounting terms not otherwise defined herein have the meanings assigned under the Acco

36、unting Standards (as defined in the Shareholders Agreement), (iii) all references in this Agreement to designated" Sections “ and other subdivisare to the designated Sections and other subdivisions of the body of this Agreement, (iv) pronouns of either gender or neuter shall include, as appropr

37、iate, the otherpronoun forms, (v) the words“herein, “hereof and “hereunder" and other worsimilar import refer to this Agreement as a whole and not to any particular Section or other subdivision, (vi) all references in this Agreement to designated Schedules, Exhibits and Appendices are to the Sc

38、hedules, Exhibits and Appendices attached to this Agreement, (vii) references to this Agreement, and any other document shall be construed as references to such document as the same may be amended, supplemented or novated from time to time, (viii) the term“or is not exclusive, (ix) the term"inc

39、luding “ will be deemed to be followed by",but not limited to, " (x) the ter“shall, “will, " and “agrees" are mandatory, and the term “map is permissivthe phrase“directly or indirectly " means directly, or indirectly through one or moreintermediate Persons or through contrct

40、ual or other arrangements, and“direct orindirect " has the correlative meaning, (xii) the term“voting power " refers to thnumber of votes attributable to the Shares (on an as-converted basis) in accordance with the terms of the Memorandum and Articles, (xiii) the headings used in this Agre

41、ement are used for convenience only and are not to be considered in construing or interpreting this Agreement, (xiv) references to laws include any such law modifying, re enacting, extending or made pursuant to the same or which is modified,re enacted, or extended by the same or pursuant to which th

42、e same is made, and (xv)all references to dollars or to" US$' are to currency of the United States of America and all references to RMB are to currency of the PRC (and each shall be deemed to include reference to the equivalent amount in other currencies).2. Prohibition on Transfer of Share

43、s.2.1 Prohibition on Transfer. No Restricted Person shall directly or indirectly sell, assign, transfer, pledge, hypothecate, or otherwise encumber or dispose of in any way ("Transfer ")all or any part of any interest in any Restricted ShArRestricted Person shall not transfer any or all of

44、 Restricted Shares held by him or her without the prior written consent of the Investor and any Transfer of Vested Shares shall be subject to the compliance with the terms of this Agreement, applicable Law, and the Other Restriction Agreements. In addition to the foregoing, no Restricted Person shal

45、l directly or indirectly Transfer any Shares unless the transferee of the Shares shall have executed such documents as the Company or the Investor may reasonably require to ensure that the rights of the Company and the Investor under this Agreement and Other Restriction Agreements are adequately pro

46、tected with respect to such Shares, including, without limitation, the transferee' s agreement to be boundall of the terms and conditions of this Agreement, as if he, she or it were the original holder of such Shares. Any Transfer or purported Transfer of Restricted Shares or Vested Shares by a

47、Restricted Person not made in conformance with this Agreement and Other Restriction Agreements shall be null and void, shall not be recorded on the register of members of the Company and shall not be recognized by the Company.2.2 Escrow. Upon the Effective Date, each of the Restricted Persons shall

48、deposit the certificates representing all of the Restricted Shares, together with a transfer form executed in blank by the record owner of such Restricted Shares in the form attached hereto as Exhibit A (the"Transfer Form " ), in escrow with the Company to be heldand released only in accor

49、dance with the provisions of this Agreement and Other Restriction Agreements. Immediately upon receipt by any Restricted Person of any new, substituted or additional securities or other property described in Section 3.5, such Restricted Person shall immediately deliver to the Company, to be similarl

50、y held in escrow, the certificates representing all of such securities or other propertyAll Shares held in escrow hereunder, together with any other securities or property held in escrow hereunder, shall be released to the record owner of such Shares when such Shares are no longer subject to the Rep

51、urchase Right (as defined below), or when such Shares are properly transferred pursuant to the Repurchase Right, or when otherwise agreed by the Majority Series A Preferred Holders in writing. Each of the Restricted Persons hereby acknowledges that the escrow hereunder is a material inducement to th

52、e Investor ' s investment in the Company pursuant to the Purchase Agreement and that such escrow is coupled with an interest and is accordingly irrevocable.2.3 Legend. Each existing or replacement certificate for Shares subject to the Repurchase Right shall bear the following legend:“THE SALE, P

53、LEDGE, HYPOTHECATION, ASSIGNMENT OR TRANSFER OF THESE SECURITIES IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN SHARE RESTRICTION AGREEMENT (AS AMENDED FROM TIME TO TIME) BY AND AMONG THE SHAREHOLDER, THE COMPANY AND CERTAIN OTHER PARTIES THERETO. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON W

54、RITTEN REQUEST TO THE COMP ANY. The Company may annotate its register of members with an appropriate, corresponding legend. At such time as Shares are no longer subject to the Repurchase Right, the Company shall, at the request of the holder of such Shares, issue replacement certificates for such Sh

55、ares without such legend.2.4 No Indirect Transfers. Each Restricted Person agrees not to circumvent or otherwise avoid the transfer restrictions or intent set forth in this Agreement and Other Restriction Agreements whether by holding the Equity Securities of the Company indirectly through another P

56、erson (including a Holding Company) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person (including a Holding Company), or otherwise. Each Principal and each Holding Company furthermore agrees that, so long as such Principal or the

57、Holding Company is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of any Holding Company of such Principal in violation of this Agreement or Other Restriction Agreements without the prior written consent of the Majority Series A Preferred Holders shall be prohibited

58、, and each such Principal and such Holding Company agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of such Holding Company in violation of this Agreement Other Restriction Agreements without the prior written consent of the Majority Series A Preferred Hold

59、ers. Any purported Transfer, sale or issuance of any Equity Securities of any Holding Company in contravention of this Agreement or Other Restriction Agreements shall be void 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, Principal or Holding Company) shall recognize any such Transfer, sale or issuance.2.5 Performance. Each Principal irrevocably agrees to cause and guarantee the performance by such Principal ' s Holding Companies of all of its respective covenants a