exhibit fifth amended and restated sha executed光橙信息科技

FIFTHAMENDEDANDRESTATEDWARRANTHOLDERSANDSHAREHOLDERSAGREEMENT SHAREHOLDERSAGREEMENT(this“Agreement”)isenteredintoonOctober25,2017(the“EffectiveDate”),byandamongBoqiiHoldingLimited,anexempted incorporatedandexistingundertheLawsoftheCaymanIslands(the“ BoqiiCorporationLimited,alimitedliability dulyincorporatedundertheLawsofHongKong(“BoqiiCorporation”);BoqiiInternationalLimited,alimitedliability dulyincorporatedundertheLawsofHongKong(“BoqiiInternational”,togetherwithBoqiiCorporation,eacha“HK”andcollectivelythe“HKCompanies”);欣橙()信息科技(Xincheng(Shanghai)InformationTechnologyCo.,.),aforeigninvestedenterpriseincorporatedundertheLawsofthePRC(the.),a establishedundertheLawsofthePRC(the“Domestic”);波奇()信息科技(Boqi(Shanghai)InformationTechnologyCo., .),aestablishedundertheLawsofthePRC(“ShanghaiBoqi”);銘雁貿(mào)易(ShanghaiMingyanTradeCo., .),a undertheLawsofthePRC(“ShanghaiMingyan”); 貿(mào)易(ShanghaiAobeilunTradeCo., .),aestablishedundertheLawsofthePRC(“ShanghaiAobeilun”);(蘇州)信息科技(Yanning(Suzhou)InformationTechnologyCo.,.),a establishedundertheLawsofthePRC(“SuzhouYanning”,togetherwiththeWFOE,theDomestic,ShanghaiMingyan,ShanghaiAobeilun,ShanghaiBoqi,collectively,the“PRCCompanies”);eachoftheindividualsandtheirrespectiveholdingcompanieslistedonScheduleAattachedhereto(eachsuchindividual,a“Principal”and,collectively,the“Principals”,eachsuchholding ,a“Holding”and,collectively,the“HoldingeachoftheindividualandentitieslistedonPartAofScheduleBattachedhereto(eachofsuchindividualorentityoritsrespectivepermittedassigneeandtransferee,a“OrdinaryInvestor”and,collectively,the“OrdinaryInvestors”);eachoftheindividualandentitieslistedonPartBofScheduleBattachedhereto(eachofsuchindividualorentityoritsrespectivepermittedassigneeandtransferee,a“SeriesAInvestor”and,collectively,the“SeriesAInvestors”);eachoftheentitieslistedonPartCofScheduleBattachedhereto(eachsuchentityoritsrespectivepermittedassigneeandtransferee,a“SeriesBInvestor”and,collectively,the“SeriesBInvestors”);eachoftheentitieslistedonPartDofScheduleBattachedhereto(eachsuchentityoritsrespectivepermittedassigneeandtransferee,a“SeriesCInvestor”and,collectively,the“SeriesCInvestors”);eachoftheentitieslistedonPartEofScheduleBattachedhereto(eachsuchentityoritsrespectivepermittedassigneeandtransferee,a“SeriesC+Investor”and,collectively,the“SeriesC+Investors”);andtheentitylistedonPartFofScheduleBattachedhereto(suchentityoritsrespectivepermittedassigneeandtransferee,the“SeriesDInvestor”,togetherwithSeriesAInvestors,SeriesBInvestors,SeriesCInvestorsandSeriesC+Investors,eachan“Investor”,andcollectively,the“Investors”).EachofthepartiestothisAgreementisreferredtohereinindividuallyasa“Party”andcollectivelyasthe“Parties”.Theholds100%equityinterestofeachoftheHKCompanies,andBoqiiCorporation,oneoftheHKCompanies,owns100%registeredcapitaloftheWFOE.The,throughitsSubsidiaries,willengageinthewholesaleandretailingofpets(includingbutnotlimitedtodogs,cats,toreros,aquatics)s,food,treats,groomingproducts,healthcareproducts,medicines,toys,accessories,self-brandproductsandprovisionofinformation,onlinecommunities,marketingandadvertising,bookingservices,discountofrelevantofflinebusiness(O2Obusiness),supplychainsintegrationbetweenmanufacturerandofflinebusinesswithofferingmanagementsystemandrelevantservice,petslivingsalesandspeciesauthenticationinthePRC;andwholesaleandretailingofpetss,food,treats,groomingproducts,healthcareproducts,medicines,toys,accessoriesoverseas;andinvestmentrelatedtothepetindustrychain(collectively,the“Business”).TheseeksexpansioncapitaltogrowtheThe,theHKCompanies,theWFOE,theDomestic,theSeriesDInvestorandcertainotherpartiesnamedthereinenteredintoaSeriesDPreferredSharePurchaseAgreementdatedSeptember8,2017(the“PurchaseAgreement”),underwhichtheSeriesDInvestorhasagreedtopurchasefromthe,andthehasagreedtoselltotheSeriesDInvestor,certainnumberofSeriesDPreferredShares(subjecttoadjustmentandthetermsandconditionssetforththerein)accordingtothePurchaseAgreement.The,thePrincipals,theHoldingCompaniesandcertainotherpartiestheretoenteredintoaAmendedandRestatedWarrantHoldersandShareholdersAgreementdatedMarch21,2016(the“ShareholdersAgreement”).ThePurchaseAgreementprovidesthattheexecutionanddeliveryofthisshallbeaconditionprecedenttotheInitialClosing(asdefinedinthePurchaseThePartiesdesiretoamendandrestatetheShareholdersAgreementbyenteringintothisAgreementandmaketherespectiverepresentations,warranties,covenantsandagreementssetforthhereinonthetermsandconditionssetforthherein.NOW,THEREFORE,inconsiderationoftheforegoingrecitals,themutualpromiseshereinaftersetforth,andothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thePartiesherebyagreeasfollows:Thefollowingtermsshallhavethemeaningsascribedtothembelow:“AccountingStandards”meansgenerallyacceptedaccountingprinciplesintheUnitedStatesorInternationalFinancialReportingStandardsaspromulgatedfromtimetotimebytheInternationalAccountingStandardsBoard(the“IASB”)(including,withoutlimitation,standardsandinterpretationsapprovedbytheIASBandInternationalAccountingPrinciplesissuedunderpreviousconstitutionsthereof),togetherwiththeIASB’spronouncementsthereonfromtimetotime(“IFRS”),appliedonaconsistentbasis,tobeadoptedbythepursuanttothisAgreementandtheMemorandumandArticles.“Affiliate”means,withrespecttoa ,anyother that,directlyorindirectly,Controls,isControlledbyorisundercommonControlwithsuch .The“Affiliate”ofanindividualshallalsoincludesuchindividual’sspouse,parent(s),siblings,grandparent(s),descendants,cousins,orspouseofanyoftheforegoing,oranindividuallivinginthesamehouseholdwithsuchindividual.InthecaseofanInvestor,theterm“Affiliate”alsoincludes(v)anyshareholderoftheInvestor,(w)anyofsuchshareholder’sorInvestor’sgeneralpartnersorlimitedpartners,(x)thefundmanagermanagingsuchshareholderorInvestor(andgeneralpartners,limitedpartnersandofficersthereof)andotherfundsmanagedbysuchfundmanager,trustsControlledbyorforthebenefitofany referredtoin(v),(w)or(x),anyfundorholding formedforinvestmentpurposesthatispromoted,sponsored,managed,advisedorservicedbysuchInvestor(inthecaseofGS,such“Investor”mentionedinthissub-clause(z)shallalsoincludeTheGoldmanSachsGroup,Inc.and/oritsAffiliates)oranyofitsAffiliates.“ApplicableEquitySubscriptionAgreement”means,inrespectofCMB,theEquitySubscriptionAgreement(投資協(xié)議)byandamongthe,theDomesticandCMBdatedJanuary15,2016,asamendedfromtimetotime;inrespectofDingfengZhizhi,DingfengEquitySubscriptionAgreement(鼎鋒投資協(xié)議)byandamongthe,theDomesticandDingfengZhizhidatedMarch21,2016,asamendedfromtimetotime.“ApplicableSecuritiesLaws”means(i)withrespecttoanyofferingofsecuritiesintheUnitedStates,oranyotheractoromissionwithinthatjurisdiction,thesecuritieslawsoftheUnitedStates,includingtheExchangeActandtheSecuritiesAct,andanyapplicableLawofanystateoftheUnitedStates,and(ii)withrespecttoanyofferingofsecuritiesinanyjurisdictionotherthantheUnitedStates,oranyrelatedactoromissioninthatjurisdiction,theapplicableLawsofthatjurisdiction.“ApplicableSeriesC+Warrant”means,inrespectofCMB,theCMBWarrant;inrespectofDingfeng,theDingfengWarrant.“Associate”means,withrespecttoany,(1)acorporationororganization(otherthantheGroupCompanies)ofwhichsuchisanofficerorpartneroris,directlyorindirectly,thebeneficialowneroftenpercent(10%)ormoreofanyclassofEquitySecuritiesofsuchcorporationororganization,(2)anytrustorotherestateinwhichsuchhasasubstantialbeneficialinterestorastowhichsuch servesastrusteeorinasimilarcapacity,or(3)anyrelativeorspouseofsuch,oranyrelativeofsuchspouse.“Auditor”meanstheforthetimebeingperformingthedutiesofauditorofthe(ifany),who,unlessotherwiseapprovedbytheBoard(includingtheaffirmativevoteofatleasttwoPreferredDirectors,oneofwhomshallbetheSeriesADirector),shallbeoneofthe“BigFour”internationalaccountingfirms.“Board”or“BoardofDirectors”meanstheboardofdirectorsofthe.“BusinessDay”meansanydaythatisnotaSaturday,Sunday,legalholidayorotherdayonwhichcommercialbanksarerequiredorauthorizedbyLawtobeclosedinthePRC,HongKong,theCaymanIslands,NewYorkorSingapore.“CFC”meansacontrolledforeigncorporationasdefinedinthe s”means,withrespecttoaparticularlegalentity,thearticlesorofincorporation,formationorregistration(including,ifapplicable,sofchangeofname),memorandumofassociation,articlesofassociation,bylaws,articlesoforganization,limitedliability agreement,trustdeed,trustinstrument,operatingagreement,jointventureagreement,businesslicense,orsimilarorotherconstitutive,erning,orcharters,orequivalents,ofsuchentity.“Circular37meanstheCircular37,issuedbySAFEonJuly4,2014,titledRelevantIssuesconcerningForeignExchangeAdministrationofOverseasInvestmentandFinancingandInboundInvestmentthroughSpecialPurposeCompaniesbyPRCResidents《國家外匯管理局關(guān)于境內(nèi)居民通過特殊目的公司投融資及返程投資外匯管理有關(guān)問題的通知》[匯發(fā)(2014)37號]);andtheCircular13,issuedbySAFEonFebruary13,2015andtookeffectonJune1,2015,titled“FurtherSimplifyingandImprovingthePoliciesofForeignExchangeAdministrationApplicabletoDirectInvestment”(《國家外匯管理局關(guān)于進(jìn)一步簡化和改進(jìn)直接投資外匯管理政策》[匯發(fā)[2015]13號)]),asamendedand/orimplementedbySAFEandanysuccessorruleorregulationunderthePRCLawincludingbutnotlimitedtoanyruleorregulationinterpretingorsettingforthprovisionsforimplementationofanyoftheforegoing.“CMBWarrant”meanstheSeriesC+PreferredSharesPurchaseWarrantissuedbythetoCMBforthepurchaseofupto6,734,459SeriesC+PreferredShares(subjecttoadjustmentsetforththerein)datedJanuary26,2016,asamendedfromtimetotime.“Code”meanstheUnitedStatesInternalRevenueCodeof1986,asamended.“Commission”means(i)withrespecttoanyofferingofsecuritiesintheUnitedStates,theSecuritiesandExchangeCommissionoftheUnitedStatesoranyotherfederalagencyatthetimeadministeringtheSecuritiesAct,and(ii)withrespecttoanyofferingofsecuritiesinajurisdictionotherthantheUnitedStates,theregulatorybodyofthejurisdictionwithauthoritytosuperviseandregulatetheofferingorsaleofsecuritiesinthatjurisdiction.“Consent”meansanyconsent,approval,authorization,waiver,permit,grant,franchise,concession,agreement,license,exemptionororderof,registration,,declarationorfilingwith,orreportornoticeto,any ,includinganyernmentalAuthority.“Control”ofagivenmeansthepowerorauthority,whetherexercisedornot,todirectthebusiness,managementandpoliciesofsuch,directlyorindirectly,whetherthroughtheownershipofvotingsecurities,bycontractorotherwise;provided,thatsuchpowerorauthorityshallconclusivelybepresumedtoexistuponpossessionofbeneficialownershiporpowertodirectthevoteofmorethanfiftypercent(50%)ofthevotesentitledtobecastatameetingofthemembersorshareholdersofsuchorpowertocontrolthecompositionofamajorityoftheboardofdirectorsofsuch.Theterms“Controlled”and“Controlling”havemeaningscorrelativetotheforegoing. s”hasthemeaningsetforthinthePurchaseAgreement.“ConversionShares”meansOrdinarySharesissuableuponconversionofanysharesofthe“DeemedLiquidationEvent”meansanyofthefollowingevents:(i)anyconsolidation,amalgamation,schemeofarrangementormergerofanyGroup withorintoanyotherorotherreorganizationinwhichtheshareholdersofsuchGroup priortosuchconsolidation,amalgamation,merger,schemeofarrangementorreorganizationownlessthanfiftypercent(50%)ofsuchGroup’svotingpowerintheaggregateimmediayaftersuchconsolidation,merger,amalgamation,schemeofarrangementorreorganization,oranytransactionorseriesofrelatedtransactionstowhichsuchGroupisapartyortargetinwhichinexcessoffiftypercent(50%)ofsuchGroup’svotingpoweristransferred;(ii)asale,transfer,leaseorotherdispositionofallorsubstantiallyalloftheassetsofanyGroup(oranyseriesofrelatedtransactionsresultinginsuchsale,transfer,leaseorotherdispositionofallorsubstantiallyalloftheassetsofsuch );or(iii)theexclusivelicensingofallorsubstantiallyallofany’sInlectualPropertytoathird“DingfengCallOptions”meanscollectively,(i)theoptiontopurchasebyDingfengChengyifromMTLof275,566OrdinarySharespursuanttotheDingfengOptionAgreement,(ii)theoptiontopurchasebyDingfengChengyifromSuperbOriginInternationalLimitedof97,782OrdinarySharespursuanttotheDingfengOptionAgreement,(iii)theoptiontopurchasebyDingfengGewufromAuspiciousQualityLimitedof110,227OrdinarySharespursuanttotheDingfengOptionAgreement,and(iv)theoptiontopurchasebyDingfengGewufromSuperbOriginInternationalLimitedof67,558OrdinarySharespursuanttotheDingfengOptionAgreement.“DingfengChengyi”meansNingboDingfengMingdeChengyiInvestmentL.P寧波鼎鋒明德誠意投資合伙企業(yè)(有限合伙))anditsAffiliates.“DingfengGewu”meansNingboDingfengMingdeGewuInvestmentL.P寧波鼎鋒明德格物投資合伙企業(yè)(有限合伙))anditsAffiliates.“DingfengOptionAgreementmeanstheOptionAgreemententeredintobyandamongtheFounders,MTL,ZhangSu(張甦),AuspiciousQualityLimited,LiChong(),SuperbOriginInternationalLimited,DingfengChengyiandDingfengGewudatedAugust22,2017.“DingfengWarrant”meanstheSeriesC+PreferredSharesPurchaseWarrantissuedbythetoDingfengZhizhiforthepurchaseofupto552,005SeriesC+PreferredShares(subjecttoadjustmentsetforththerein)datedMarch21,2016,asamendedfromtimetotime.“DingfengZhizhi”meansNingboDingfengMingdeZhizhiInvestmentL.P.(寧波鼎鋒明德致知投資合伙企業(yè)(有限合伙))anditsAffiliates.“Director”meansadirectorservingonthe“EquitySecurities”means,withrespecttoany thatisalegalentity,anyandallsharesofcapitalstock,membershipinterests,units,profitsinterests,ownershipinterests,equityinterests,registeredcapital,andotherequitysecuritiesofsuch,andanyright,warrant,option,call,commitment,conversionprivilege,preemptiverightorotherrighttoacquireanyoftheforegoing,orsecurityconvertibleinto,exchangeableorexercisableforanyofthe“ExemptedTransfers”means(i)aTransferofOrdinarySharesundertheDingfengCallOptionpursuanttotheDingfengOptionAgreementand(ii)aTransferofanyportionoftheFounders’optiongrantedundertheESOPbytheFounderstoanyemployeeoftheGroupCompanies,providedthatsuchTransferismadeincompliancewithallapplicableLaws;andan“ExemptedTransfer”meanseitheroftheforegoing.“ExchangeAct”meanstheUnitedStatesSecuritiesExchangeActof1934,asamended.“Founder”meanseachofLiangHao(),withPRCIDnumber,TangYingzhi(唐穎之),withPRCIDnumberandChenDi(),withPRCIDnumber “FormF-3”meansFormF-3promulgatedbytheCommissionundertheSecuritiesActoranysuccessorformorsubstantiallysimilarformthenineffect.“FormS-3”meansFormS-3promulgatedbytheCommissionundertheSecuritiesActoranysuccessorformorsubstantiallysimilarformthenineffect.“ernmentalAuthority”meansanyernmentofanynationoranyfederation,provinceorstateoranyotherpoliticalsubdivisionthereof,anyentity,authorityorbodyexercisingexecutive,legislative,judicial,regulatoryoradministrativefunctionsoforpertainingtoernment,includinganyernmentalauthority,agency,department,board,commissionorinstrumentalityofthePRCoranyothercountry,oranypoliticalsubdivisionthereof,anycourt,tribunalorarbitrator,andanyself-regulatoryorganization.“ernmentalOrder”meansanyapplicableorder,ruling,decision,verdict,decree,writ,subpoena,mandate,precept,command,directive,consent,approval,award,judgment,injunctionorothersimilardeterminationorfindingby,beforeorunderthesupervisionofernmental“Group”meanseachofthe,theHKCompanies,the,theWFOE,ShanghaiBoqi,ShanghaiMingyan,ShanghaiAobeilun,SuzhouYanning,togetherwitheachSubsidiaryofanyoftheforegoing,and“Group”or“GroupCompanies”referstoallofGroupCompaniescollectively.“Holders”meanstheholdersofRegistrableSecuritieswhoarepartiestothisAgreementfromtimetotime,andtheirpermittedtransfereesthat epartiestothisAgreementfromtimetotime.“HongKong”meanstheHongKongSpecialAdministrativeRegionofthePeople’sRepublicof.“Indebtedness”ofanymeans,withoutduplication,eachofthefollowingofsuch:(i)allindebtednessforborrowedmoney,(ii)allobligationsissued,undertakenorassumedasthedeferredpurchasepriceofpropertyorservices(otherthantradepayablesenteredintointheordinarycourseofbusiness),(iii)allreimbursementorpaymentobligationswithrespecttolettersofcredit,suretybondsandothersimilarinstruments,(iv)allobligationsevidencedbynotes,bonds,debenturesorsimilarinstruments,includingobligationssoevidencedthatareincurredinconnectionwiththeacquisitionofproperties,assetsorbusinesses,(v)allindebtednesscreatedorarisingunderanyconditionalsaleorothertitleretentionagreement,orincurredasfinancing,ineithercasewithrespecttoanypropertyorassetsacquiredwiththeproceedsofsuchindebtedness(eventhoughtherightsandremediesofthesellerorbankundersuchagreementintheeventofdefaultarelimitedtorepossessionorsaleofsuchproperty),(vi)allobligationsthatarecapitalizedinaccordancewithAccountingStandards,(vii)allobligationsunderbanker’sacceptance,letterofcreditorsimilarfacilities,(viii)allobligationstopurchase,redeem,retire,defeaseorotherwiseacquireforvalueanyEquitySecuritiesofsuch ,(ix)allobligationsinrespectofanyinterestrateswap,hedgeorcapagreement,and(x)allguaranteesissuedinrespectoftheIndebtednessreferredtoinclauses(i)through(ix)aboveofanyother ,butonlytotheextentoftheIndebtedness“IndemnificationAgreements”meanstheindemnificationagreementsenteredintobetweentheanditsDirectors.“InitialClosingDate”hasthemeaningsetforthinthePurchaseAgreement.“InitiatingHolders”means,withrespecttoarequestdulymadeunderSection2.1orSection2.2toRegisteranyRegistrableSecurities,theHoldersinitiatingsuch“InlectualProperty”meansanyandall(i)patents,patentrightsandapplicationsthereforandreissues,re-examinations,continuations,continuations-in-part,divisions,andpatenttermextensionsthereof,(ii)inventions(whetherpatentableornot),discoveries,improvements,concepts,innovationsandindustrialmodels,(iii)registeredandunregisteredcopyrights,copyrightregistrationsandapplications,maskworksandregistrationsandapplicationstherefor,author’srightsandworksofauthorship(includingartworkofanykind,softwareofalltypesinwhatevermedium,inclusiveofcomputerprograms,sourcecode,objectcodeandexecutablecode,firmware,developmenttools,files,recordsanddata,andrelatedation),(iv)URLs,websites,webpagesandanypartthereof,(v)technicalinformation,know-how,tradesecrets,drawings,designs,designprotocols,specificationsforpartsanddevices,proprietarydata,customerlists,databases,proprietaryprocesses,technology,formulae,algorithms,qualityassuranceandcontrolprocedures,designtools,manuals,researchdataconcerninghistoricandcurrentresearchanddevelopmentefforts,includingtheresultsofsuccessfulandunsuccessfuldesigns,databasesandproprietarydataandotherinlectualproperty,(vi)tradenames,tradedress,trademarks,names,servicemarks,logos,businessnames,andregistrationsandapplicationstherefor,and(vii)thegoodwillofthebusinesssymbolizedorrepresentedbytheforegoing,customerlistsandotherproprietaryinformationandcommon-lawrights.“IPO”meansthefirstfirmunderwrittenregisteredpublicofferingbytheofitsOrdinarySharesorbyanyGroupofitssharespursuanttoaRegistrationStatementthatisfiledwithanddeclaredeffectivebyeithertheCommissionundertheSecuritiesActoranotherernmentalAuthorityforapublicofferinginajurisdictionotherthantheUnited“KIP”meansKoreaInvestmentFutureGrowthVentureFundNo.22andKIPOverseas tformFund,collectively.“Law”or“Laws”meansanyandallprovisionsofanyapplicableconstitution,treaty,statute,law,regulation,ordinance,code,rule,orruleofcommonlaw,any approval,concession,grant,franchise,license,agreement,directive,requirement,orotherernmentalrestrictionoranysimilarformofdecisionof,ordeterminationby,oranyformallyissuedwritteninterpretationoradministrationofanyoftheforegoingby,anyernmentalAuthority,ineachcaseasamended,andanyandallapplicable“Lien”meansanymortgage,claim,securityinterest,titledefect,charge,easement,adverseclaim,encumbrance,lease,restrictivecovenant,securityinterest,lien,option,pledge,rightsofothers,orrestriction(whetheronvoting,sale,transfer,dispositionorotherwise),whetherimposedbycontract,understanding,law,equityorotherwise.“MajorityPreferredHolders”meanstheholdersrepresentingatleasteightyfivepercent(85%)ofthevotingpowerofalltheoutstandingPreferredSharesand/ortheOrdinarySharesconvertedtherefrom(votingtogetherasasingleclassandonanasconvertedbasis).Forthepurposeofthisdefinition,PreferredSharesshallincludetheSeriesC+PreferredSharesissuableundertheSeriesC+Warrants.“MajoritySeriesAHolders”meanstheholdersofmorethanfiftypercent(50%)ofthevotingpoweroftheoutstandingSeriesAPreferredSharesand/orOrdinarySharesconvertedtherefrom(votingtogetherasasingleclassandonanasconvertedbasis).“MajoritySeriesBHolders”meanstheholdersofmorethanfiftypercent(50%)ofthevotingpoweroftheoutstandingSeriesBPreferredSharesand/orOrdinarySharesconvertedtherefrom(votingtogetherasasingleclassandonanasconvertedbasis).“MajoritySeriesCHolders”meanstheholdersofmorethanfiftypercent(50%)ofthevotingpoweroftheoutstandingSeriesCPreferredSharesand/orOrdinarySharesconvertedtherefrom(votingtogetherasasingleclassandonanasconvertedbasis).“MajoritySeriesC+Holders”meanstheholdersofmorethanfiftypercent(50%)ofthevotingpoweroftheSeriesC+PreferredSharesand/orOrdinarySharesconvertedtherefrom(votingtogetherasasingleclassandonafully-dilutedandasconvertedbasis),whichshallincludetheSeriesC+PreferredSharesissuableundertheSeriesC+Warrantsand/orOrdinarySharesconvertibletherefrom.“MajoritySeriesDHolders”meanstheholdersofmorethanfiftypercent(50%)ofthevotingpoweroftheoutstandingSeriesDPreferredSharesand/orOrdinarySharesconvertedtherefrom(votingtogetherasasingleclassandonanasconvertedbasis).“MemorandumandArticles”meanstheSixthAmendedandRestatedMemorandumofAssociationoftheandtheSixthAmendedandRestatedArticlesofAssociationofthe,aseachmaybeamendedand/orrestatedfromtimetotime.“ODIMeasures”means(i)theMeasuresforOverseasInvestmentManagement(投資管理辦法),issuedbytheMinistryofCommerceofthePRConSeptember6,2014,asamendedand/orimplementedbytheMinistryofCommerceofthePRC,andii)theMeasuresfortheAdministrationofConfirmationandRecordationofOverseasInvestmentProjects(境外投資項(xiàng)目核準(zhǔn)和備案管理辦法),issuedbytheNationalDevelopmentandReformCommissionofthePRConApril8,2014andamendedonDecember27,2014,andanysuccessorruleorregulationunderthePRCLaw,includingbutnotlimitedtoanyruleorregulationinterpretingorsettingforthprovisionsforimplementationofanyoftheforegoing.“ODIRegulations”meanscollectively,theODIMeasuresandanyotherapplicablerulesandregulationsrelatedtotheoverseasinvestmentofthePRC.“OrdinaryShareEquivalents”meansanyEquitySecuritywhichisbyitstermsconvertibleintoorexchangeableorexercisableforOrdinarySharesorothersharecapitalofthe,includingwithoutlimitation,thePreferredShares.“OrdinaryShares”meansthe’sordinaryshares,parvalueUS$0.001pershare,withrightsandprivilegesassetforthintheMemorandumandArticles. ”meansanyindividual,corporation,partnership,limitedpartnership,proprietorship,association,limitedliability ,firm,trust,estateorotherenterpriseor“PFIC”meanspassiveforeign asdefinedinthe“PRC”meansthePeople’sRepublicof,butsolelyforthepurposesofthisAgreement,excludingHongKong,theMacauSpecialAdministrativeRegionandtheislandsof.“PreferredDirectors”meanstheSeriesADirector,theSeriesBDirector,theSeriesC+DirectorandtheSeriesDDirector,anda“PreferredDirector”meansanyoneofthem.“PreferredShares”meanstheSeriesAPreferredShares,theSeriesBPreferredShares,theSeriesCPreferredShares,theSeriesC+PreferredSharesandtheSeriesDPreferredShares.“PublicOfficial”means(a)anyemployeeorofficialofanyernmentalAuthority,includinganyemployeeorofficialofanyentityownedorcontrolledbyaernmentalAuthority,(b)anymember,employeeorofficialofapoliticalparty,(c)anycandidateforpoliticalofficeorhis/heremployeeorassociate,(d)anyemployeeorofficialofaninternationalorganization,or(e)any whoactsinanofficialcapacityfororonbehalfofanyofthe“QualifiedIPO”meansafirmcommitmentunderwrittenpublicofferingofOrdinarySharesorthesharesofanyGroup(ordepositaryreceiptsordepositarysharesthereof)onNYSE,NASDAQorHongKongStockExchange(MainBoardorGrowthEnterpriseMarket)oranyotherstockexchangeapprovedbytheMajorityPreferredHoldersandMTL,inanycase,withanofferingprice(netofunderwritingcommissionsandexpenses)thatimpliesamarketcapitalizationoftheimmediaypriortosuchofferingofnotlessthanUS$600millionandthatresultsingrosscashproceedstotheofatleastUS$100million,orsuchalessmarketcapitalizationorgrosscashproceedsasapprovedbytheBoard(includingtheaffirmativevoteofatleasttwoPreferredDirectors).“RegistrableSecurities”means(i)theOrdinarySharesissuedorissuableuponconversionofthePreferredShares,(ii)anyOrdinarySharesissuedorissuableasadividendorotherdistributionwithrespectto,inexchangefor,orinrecementof,thesharesreferencedin(i)herein,and(iii)anyOrdinarySharesownedorhereafteracquiredbytheInvestors;excludinginallcases,h