EXCLUSIVE COOPERATION AGREEMENT

Term. The term of this Agreement will begin on the Effective Date and will remain effective for ten (10) years. After the effective period, Momo may decide if this Agreement will be renewed and how long it will be renewed for (“Term”).

Termination for Convenience. Momo may terminate this Agreement upon thirty (30) days’ written notice. Fancy Reader shall not terminate this Agreement under any circumstances.

Prior Agreements. This Agreement supersedes and terminates any and all prior agreements or contracts, oral or written, entered into between The Parties relating to the subject matter thereof.

During the Term, Momo shall provide the Licensing of intellectual properties and the Services to Fancy Reader as agreed by the Parties from time to time. Without Momo’s consent, Fancy Reader is not entitled to the right to engage any other third parties to perform, any licensing of intellectual properties and services similar to the Licensing or the Services.

Momo reserves all the intellectual property rights developed under this agreement, including but not limited to copyright, patent right, right of patent application, knowhow, business secret, etc.

Pursuant to this Agreement, Momo grants to Fancy Reader the use right of its intellectual properties including the Fancy Reader Novel and Bench Video App and Emoticons. Fancy Reader agrees to pay Momo a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement.

Pursuant to this Agreement and Fancy Reader’s request from time to time, Momo provides Fancy Reader with the Services. Fancy Reader intends to pay Momo a level of compensation commensurate with the value of the Services it provides, which are essential and fundamental to the economic success or failure of Fancy Reader’s business in China.

To ensure the high quality of the Licensing and the Services, Momo agrees to be compensated for the Licensing and the Services only if Fancy Reader achieves a level of operating profit above a certain rate, initially agreed to be three point five percent (3.5%) (“Expected Profit Rate”) of total revenue derived by Momo for operating the Fancy Reader Novel and Bench Video App in China. The License Fee and the Service Fee will be calculated such that after it is paid, Momo’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee””). If Fancy Reader achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo in the form of License Fee and Service Fee. The calculation methodology of the License Fee and Service Fee will be set forth in supplemental agreements to this Agreement. If Fancy Reader is unable to achieve the Expected Profit Rate due to Momo’s failure in providing the high quality services, Momo will not be entitled to any License Fee or Service Fee. The Parties agree to review the Expected Profit Rate from time to time.

Payments Due. Payment notice for the License Fee and the Service Fee shall be presented on a monthly basis. The Parties agrees to pay the total amounts shown as due within sixty (60) days from the end of such month. The Parties agrees to pay or offset the payments from time to time, as requested by either Party.

Currency. All computations and payments made pursuant to this Article 4 shall be in Chinese RMB. A netting of any amount payable under this Agreement against existing accounts payable and accounts receivable shall be an acceptable manner of payment effective as of the date of the netting on the books of the Parties.

Retrospection. The Parties agree the License Fee and the Service Fee defined in this Section shall be retrospective to the Parties from the date April 1, 2019.

Momo’s Tax Responsibility. Momo is liable for any value-added tax, excise tax, tariff, duty or any other similar tax imposed by any governmental authority arising from the performance of Services under this Agreement.

Fancy Reader’s Tax Responsibility. Fancy Reader is liable for any value-added tax. excise tax, tariff, duty or any other similar tax imposed by any governmental authority arising from its performance of this Agreement.

Compliance. Each Party will perform its obligations under this Agreement in a manner that complies with all laws applicable to that Party’s business. Without limiting the foregoing, the Parties will respectively identify and comply with all laws applicable to the Parties including:(a)laws requiring the procurement of inspections, certificates and approvals needed to perform the Services, and (b)laws regarding healthcare, workplace safety, immigration ,labor standars, wage and hour laws, insurance, data protection and privacy ( collectively, “Governing Laws” )

Change in Law. The Parties will work together to identify the effect of changes in laws on this Agreement, and will promptly discuss the changes to the terms and provisions of this Agreement, if any, required to comply with all laws.

Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be contrary to Law, then the remaining provisions of this Agreement. If capable of substantial performance, will remain in full force and effect.

Applicable Law. This Agreement shall be construed and enforced in accordance with the laws of the People’s Republic of China without regard to conflict of laws principles.

Resolution of Disputes. This Agreement shall be governed by the laws of the People’s Republic of China. All the disputes arising from the conclusion, performance or interpretation of this Agreement shall be settled by the Parties through consultation.

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Supplementary Terms

According to Section 1 of the Agreement, Party B agrees to license the use right of the Fancy Reader Novel and Bench Video App (including but not limited to the following version) to Party A starting from the effective date of this supplemental agreement.

According to Section 1 of the Agreement, Party B agrees to license the use right of Emoticon (Emoticon details are listed in Appendix A) to Party A starting from the effective date of this supplemental agreement.

Without written consent of Party B, Party A shall not sublicense, transfer or disclose the right to any third party, or try to develop, modify or decompile on the basis of Party B’s intellectual properties. Party A agrees with all the exclusive ownership and interest of Party B, including all intellectual property, proprietary technology, development rights and other related rights. Party A shall not be involved in any activities that harm the interest of Party B under any circumstances.

Above are the supplementary terms to the Agreement. The Parties shall still comply with the terms of the Agreement concluded on April 1, 2019, which will not be affected by the supplemental agreement.

This supplemental agreement is an indivisible part of the Agreement concluded by the Parties on April 1, 2019. The Parties agree that the license fee set forth in this supplemental agreement shall be retrospective from April 1, 2019. This supplemental agreement is made out in two (2) sets of originals with equal validity. Party A and Party B each have one of the originals. By signing below, the Parties agree to the terms of this supplemental agreement effective from the date of signature.

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