Amendment Agreement NETEASE, INC. as Borrower and STANDARD CHARTERED BANK (HONG KONG) LIMITED as Agent relating to a US$1,000,000,000 facilities agreement dated 2 June 2021

(1)

NETEASE, INC. 網易股份有限公司, an exempted company incorporated with limited liability under the laws of the Cayman Islands with registration number 90896 whose registered office is at c/▇ ▇▇▇▇▇▇ Corporate Services Limited, P.O. Box 309, ▇▇▇▇▇▇ House, South Church Street, ▇▇▇▇▇▇ Town, Grand Cayman KY1-1104, Cayman Islands and registered under the laws of Hong Kong as a registered non-Hong Kong company (CR No. F27838) whose registered office is at ▇/▇, ▇▇▇▇▇▇'▇ ▇▇▇▇▇, ▇▇-▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇ and listed on HKSE and NASDAQ (HKSE: 9999; NASDAQ: NTES) ("Borrower"); and

(2)

STANDARD CHARTERED BANK (HONG KONG) LIMITED, a public company incorporated under the laws of Hong Kong with limited liability and having its registered office at 32/F, ▇-▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ as agent of the Finance Parties (other than itself) ("Agent").

(A)

The parties to this agreement entered into a US$1,000,000,000 facilities agreement dated 2 June 2021 together with the financial institutions listed therein as mandated lead arrangers and bookrunners, mandated lead arrangers, lead arrangers and original lenders (the "Facilities Agreement").

(B)

The parties to this agreement have agreed to enter into this agreement in order to amend the terms of the Facilities Agreement in the manner set out below.

(C)

The Agent is entering into this agreement for itself and on behalf of the other Finance Parties, with the consent of all the Lenders, pursuant to clause 32.1 (Required consents) of the Facilities Agreement.

1.

INTERPRETATION

1.1

Definitions

(a)

Unless a contrary intention appears in this agreement, any word or expression defined in the Facilities Agreement will have the same meaning when it is used in this agreement.

(b)

In this agreement:

1.2

Construction

1.3

Third party rights

(a)

A person who is not a Party has no right under the Contracts (Rights of Third Parties) Ordinance (Cap. 623) (the "Third Parties Ordinance") to enforce or to enjoy the benefit of any term of this agreement.

(b)

Notwithstanding any term of any Finance Document (including paragraph (a) above), the consent of any person who is not a Party is not required to rescind, vary or waive any provision of this agreement at any time.

2.

AMENDMENT OF FACILITIES AGREEMENT

2.1

Amendment

(a)

The Facilities Agreement will be amended with effect from (and including) the Amendment Effective Date as follows:

(a)

in relation to Facility A, the period from and including the date of this agreement to and including the date falling ten (10) months from the date of this agreement; and

(b)

in relation to Facility B, the period from and including the date of this agreement to and including the date falling 59 months from the date of this agreement;

(b)

In the event that the Effective Date does not occur by the date falling nine (9) months and three (3) weeks from the date of this agreement (the "Termination Date"), this agreement shall automatically terminate in its entirety on the Termination Date except such termination shall not relieve any party from any liability hereunder for any misrepresentation or for the breach of any warranty, agreement or obligation hereunder.

(b)

Paragraph 2.1(b) of the Upfront Fee Letter shall be deleted in full and replaced by the following with effect from (and including) the Amendment Effective Date:

2.2

Amendment Effective Date

(a)

The Agent will notify the Borrower and the Lenders promptly when the Amendment Effective Date occurs.

(b)

If the Amendment Effective Date has not occurred by the Termination Date (as defined under the Facilities Agreement), then clauses 2.1 (Amendment) and 3 (Status of Documents) will lapse and none of the amendments recorded in clause

3.

STATUS OF DOCUMENTS

3.1

Continuing Obligations

(a)

Except as varied by the terms of this agreement, the Facilities Agreement, the Upfront Fee Letter and the other Finance Documents will remain in full force and effect subject to their terms. Each party to this agreement reconfirms all of its obligations under the Facilities Agreement (as amended by this agreement) and under the other Finance Documents.

(b)

Any reference in the Finance Documents to the Facilities Agreement, the Upfront Fee Letter or to any provision of the Facilities Agreement or the Upfront Fee Letter will be construed as a reference to the Facilities Agreement, the Upfront Fee Letter or that provision, as amended by this agreement.

3.2

Finance Document

4.

REPRESENTATIONS AND WARRANTIES

5.

MISCELLANEOUS

5.1

Expenses

5.2

Invalidity of any provision

5.3

Counterparts

6.

GOVERNING LAW AND SUBMISSION TO JURISDICTION

6.1

Governing law

6.2

Jurisdiction of Hong Kong courts

(a)

The courts of Hong Kong have exclusive jurisdiction to settle any dispute arising out of or in connection with this agreement (including any dispute regarding the existence, validity or termination of this agreement) (a "Dispute").

(b)

The Parties agree that the courts of Hong Kong are the most appropriate and convenient courts to settle Disputes and accordingly no Party will argue to the contrary.

(c)

This clause 6.2 is for the benefit of the Finance Parties only. As a result, no Finance Party shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed by law, the Finance Parties may take concurrent proceedings in any number of jurisdictions.

6.3

Waiver of immunities

(a)

suit;

(b)

jurisdiction of any court;

(c)

relief by way of injunction or order for specific performance or recovery of property;

(d)

attachment of its assets (whether before or after judgment); and

(e)

execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any proceedings in the courts of any jurisdiction (and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any immunity in any such proceedings).

1.

FORMALITIES CERTIFICATE

(a)

confirming that there has been no amendment to its constitutional documents since 2 June 2021 or, if there has been any such amendment, attaching a certified copy of such amended constitutional documents;

(b)

confirming that the extract of resolutions of the board of directors of the Borrower passed on 17 May 2021 (the "Directors Resolutions") is a true and correct copy of the extract of the resolutions of the board of directors of the Borrower which have been duly adopted by or on behalf of each director of the Borrower. Each of the resolutions set out in the Directors Resolutions remain in full force and effect without modification and the Directors Resolutions constitute all corporate action necessary on the part of the Company to approve this agreement and to authorise the signing of this Agreement and the giving of any communications or the taking of any other action required under or in connection with this agreement on behalf of the Borrower;

(c)

confirming that the persons listed in Annexure I of the officer's certificate delivered pursuant to the Facilities Agreement on 4 June 2021 (the "Original Officer's Certificate") occupy the positions stated against their respective names (and were occupying those positions on the date of this agreement) and that any one of them has in the Directors Resolutions been authorised to sign this agreement and all other documents in connection with this agreement and the signatures appearing opposite their names in the Original Officer's Certificate are their true specimen signatures.

(d)

confirming that borrowing or guaranteeing, as appropriate, the Total Commitments in accordance with the terms of the Amended Facilities Agreement would not cause any borrowing, guaranteeing or similar limit binding on it to be exceeded;

(e)

certifying that each copy document relating to it specified in this schedule is correct, complete and in full force and effect as at a date no earlier than the date of this agreement.

2.

AMENDMENT DOCUMENTS