Draft: CMH/JJXCIDHBG 13 March 2012 INVESTMENT LETTER To: Hedosophla Alpha Limited Roseneath, The Grange, St Peter Port, Guernsey GY1 3QJ We (the "Investor') agree to transfer to Hedosophia Alpha Limited (the "Company') the amount set out below for investment on the following terms: Investment amount: The Investor will transfer to the Company US$[.] million in immediately available cleared funds, on the date of signature of this document, into the bank account of the Company with ABN Amro (Guernsey) Limited of Madelb Court. Admiral Park, St Peter Port, Guernsey GY1 3O.1, as notified to the Investor. We anticipate the Company will enter into investment letters with up to [five] other investors (together with you. 'Investors") over the next 30 days such that the Company will have funds for investment of between US$50 and 80 million. Investment proposition: The Company will seek to invest its kinds in holding the equity securities of privately-held consumer Internet companies (investments") as determined by the board of the Company. It is intended that the funds will have been fully invested within six months, prior to which the funds will be deposited with commercial banks on an interest-eaming basis. To the extent any funds (including all interest earned on funds prior to making the Investments and on any uninvested funds) have not been invested by 31 December 2012 (the "final investment date"), they will be repaid promptly to Investors in proportion to the amounts they transferred to the Company ("investment proportion?). No gambling or alcohol related investments may be made by the Company. Return on Investments: Until the full investment amount transferred to the Company by the Investors has been repaid (pan passu as between all Investors), all distributions and sales proceeds from Investments (net of all costs directly associated with making or realising investments, including any taxes, duties and similar charges (*transaction costs")) will be