ACKNOWLEDGMENT AND AGREEMENT
Exhibit 10.22
The undersigned wishes to receive from Sequoia Capital China I, L.P. ( the “Transferor”), 1,148,180 Series A Preferred Shares (the “Shares”) of Qihoo Technology Company Limited, a company organized and existing under the laws of the Cayman Islands (the “Company”);
The Shares are subject to the Second Amended and Restated Shareholders Agreement, dated January 8, 2010 (the “Agreement”), among the Company and the other parties listed on the signature pages thereto;
The undersigned has been given a copy of the Agreement and afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms;
Pursuant to the terms of the Agreement, the Transferor is prohibited from transferring such Shares and the Company is prohibited from registering the transfer of the Shares unless and until a transfer is made in accordance with the terms and conditions of the Agreement and the recipient of such Shares acknowledges the terms and conditions of the Agreement and agrees to be bound thereby; and
The undersigned wishes to receive such Shares and have the Company register the transfer of such Shares.
In consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Transferor to transfer such Shares to the undersigned and the Company to register such transfer, the undersigned does hereby acknowledge and agree that (i) it has been given a copy of the Agreement and afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms, (ii) the Shares are subject to the terms and conditions set forth in the Agreement, and (iii) the undersigned does hereby agree fully to be bound thereby as the Investor (as therein defined).
This 29th day of January, 2010.
IN WITNESS WHEREOF, the undersigned has executed this Acknowledgement and Agreement as of the date first written above.
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SEQUOIA CAPITAL CHINA PARTNERS FUND I, L.P. | |
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By: |
Sequoia Capital China Management I, L.P., a Cayman Islands Exempted Limited Partnership, its General Partner |
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By: |
SC China Holding Limited, a Cayman Islands Limited Liability Company, its General Partner |
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By: |
/s/ Xxxxx Xxxx |
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Name: Xxxxx Xxxx |
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Title: Authorized Signatory |
