0001193805-22-000776 Sample Contracts

Contract
Deposit Agreement • May 12th, 2022 • JPMorgan Chase Bank, N.A. - ADR Depositary • American depositary receipts • New York

AMENDMENT NO. 1 dated as of , 2022 (the "Amendment"), to the Amended and Restated Deposit Agreement dated as of July 18, 2016 (the "Deposit Agreement"), among Phoenix New Media Limited, incorporated under the laws of the Cayman Islands (the "Company"), JPMorgan Chase Bank, N.A., as depositary (the "Depositary"), and all holders from time to time of American depositary receipts ("ADRs") issued thereunder.

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