Amendment of Commitment Letter Clause Samples

Amendment of Commitment Letter. (a) The original preamble of the Commitment Letter is hereby deleted in entirety and replaced with the following: “This Amended and Restated Commitment Letter, dated June 22, 2009, is the Amended and Restated Commitment Letter referred to in the Amendment Agreement (“Amendment Agreement”) dated as of June 22, 2009 among Li Xiande, ▇▇▇▇ ▇▇▇▇▇▇▇▇ and Li Xianhua (collectively the “Founders” and each a “Founder”) and the Series B Shareholders as defined in the Amendment Agreement. Unless otherwise defined, capitalized terms used herein have the meanings assigned to them in the Amendment Agreement. In consideration of the Series B Shareholders entering into the Amendment Agreement, the Founders hereby amend and restate the Commitment Letter, and make the following undertakings to the Series B Shareholders: (b) Each occurrence of the phrase “Series B Investors” in the Commitment Letter is hereby changed to the phrase “Series B Shareholders”. (c) (i) Original Paragraph 1 first sub-paragraph and (ii) original Paragraph 1 definition of Money Valuation of Year 2009 are hereby amended by replacing the sum “RMB450 million” (or “RMB450,000,000”, as the case may be) with the sum “RMB100 million”, in each case. (d) Original Paragraph 1 is further amended by adding “(or listing of the Ordinary Shares directly or indirectly on a stock exchange in China (“China Listing”), as the case may be)” following the words “Qualified IPO.” (e) The second sub-paragraph of original Paragraph 1 is hereby amended by replacing “Paragraph (4)” with “Paragraph (5)” in the last sentence. (f) The final sub-paragraph of original Paragraph 1 is hereby amended to read as follows: