Common use of INDIRECT HOLDING Clause in Contracts

INDIRECT HOLDING. For the avoidance of doubts, the Restricted Shares shall include all Class A Ordinary Shares indirectly owned by the Early Departing Person through one or more levels of holding companies, and the numbers of such Class A Ordinary Shares indirectly owned shall be equal to the number of Class A Ordinary Shares the Early Departing Person would receive if all such holding companies were to distribute all their assets to their shareholders in accordance with such shareholders’ respective shareholding percentage. Each such holding companies and their respective shareholders shall take all necessary actions to effect the repurchase of the Unreleased Repurchase Shares indirectly owned through those holding companies and the intended reduction of the shareholding percentage of the Early Departing Person in the Company. For the avoidance of doubts, in exercising its Repurchase Option in respect of Unreleased Repurchase Shares indirectly owned by the Early Departing Person, the Company shall be entitled to repurchase such Unreleased Repurchase Shares from the holding companies which directly hold such Unreleased Repurchase Shares and such rights shall not be affected whether other shareholders’ shareholding percentage are adversely affected in the event that such Early Departing Person also indirectly owns Class A Ordinary Shares through such holding companies. All reference in this Exhibit to designated “Sections” and other subdivisions are to the designated Sections and other subdivisions of the body of this Exhibit, unless explicitly stated otherwise.

INDIRECT HOLDING. For the avoidance of doubts, the Restricted Shares shall include all Class A Ordinary Shares indirectly owned by the Early Departing Person Founder through one or more levels of holding companies, and the numbers of such Class A Ordinary Shares indirectly owned shall be equal to the number of Class A Ordinary Shares the Early Departing Person Founder would receive if all such holding companies were to distribute all their its assets to their its shareholders in accordance with such shareholders’ according to their respective shareholding percentage. Each such holding companies and their respective shareholders shall take all necessary actions to effect the repurchase of the Unreleased Repurchase applicable Restricted Shares indirectly owned through those holding companies and the intended reduction of the shareholding percentage of the Early Departing Person Founder in the Company. For the avoidance of doubts, in exercising its Repurchase Option in respect of Unreleased Repurchase the applicable Restricted Shares indirectly owned by the Early Departing Personany Founder, the Company shall be entitled to repurchase such Unreleased Repurchase Restricted Shares from the holding companies which directly hold such Unreleased Repurchase Restricted Shares and such rights shall not be affected whether other shareholders’ ' shareholding percentage are adversely affected in the event that such Early Departing Person the Founder also indirectly owns Class A Ordinary Shares through such holding companies. All reference in this Exhibit to designated “"Sections” " and other subdivisions are to the designated Sections and other subdivisions of the body of this Exhibit, unless explicitly stated otherwise.