[June 15, 2016 Special Committee of the Board of Directors YY Inc. (the “Company”) Building B-1, North Block of Wanda Plaza No. 79 Wanbo Er Road Nancun Town, Panyu District Guangzhou 511442 The People's Republic of China Dear Sirs: Reference is made to the letter dated July 9, 2015 from us, including Mr. Jun Lei and Mr. David Xueling Li] [Execution Version TERMINATION AGREEMENT Termination Agreement Mr. Lei Mr. Li Party Parties This TERMINATION AGREEMENT (this “ RECITALS Consortium Agreement WHEREAS, the Parties have entered into that certain Consortium Agreement, dated as of July 20, 2015 (the “ WHEREAS, the Parties desire to terminate the Consortium Agreement in its entirety on the date hereof. NOW, THEREFORE, the Parties agree as] []