Exhibit 10.13
[Translation of Chinese original]
Assignment of Loan Agreement
Party A: Wang Leilei
Residential address: Xx. 0000, Xxxxx 0, Xxxx Xxxx Xx Xxx, Xxxx Xxxxx District,
Beijing
Identity Card No.: 110102197304020437
Party B: Xxxx Xxxxxxx
Residential address: Xx. 000, Xxxx 0, 0/xx/ Xxxxx, Xx Xxxxx East Lane, Xxxx Xxxx
District, Beijing
Identity Card No.: 110105630722252
Party C: XXXXXX GEM MANAGEMENT LIMITED
Address: PO Box 957, Offshore Incorporations Center, Road Town, Tortola, British
Virgins Islands.
Party D: PUCCINI INTERNATIONAL LIMITED
Address: Scotia Centre, 4/th/ Floor, P.O. Box 2804, Xxxxxx Town, Grand Cayman,
Cayman Islands.
I. Whereas:
1. According to the Loan Agreement dated July 25, 2002 entered into
between Party A, Party B and Party C, Party C provided loans of
RMB400,000 and RMB100,000 to Party A and Party B, respectively.
Borrowings from Party C to Party A and Party B were interest free and
applied to part of the registered capital injected in Beijing Lei Ting
Wan Jun Network Technology Limited. According to such Loan Agreement,
Party C may request Party A and Party B to repay part of the loans
from time to time and Party A and Party B shall not decline any
repayment demand until the amount is fully repaid.
II. Party A, Party B, Party C and Party D further reach the following
agreements after negotiation:
1. Loan interests of RMB500,000 in total was transferred to Party D by
Party C;
2. Both party A and Party B agree to transfer the debts;
3. Party D agrees to guarantee all the rights and obligations of Party C
under the Loan Agreement entered into on July 25, 2002 and to assume
the warranties and undertakings of Party C under such borrowings; and
4. All parties shall provide sufficient convenience and assistance to
facilitate the
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transfer, including but not limited to the provision of all legal
documents;
III. Party A, Party B and Party C guarantee that:
1. They have provided true and sufficient materials;
IV. Applicable laws and settlement of disputes
1. The Laws of the Hong Kong Special Administrative Region of the
People's Republic of China ("Hong Kong") shall apply to this
agreement.
2. Any dispute arising from this agreement shall be settled by
negotiation of all parties or, failing which, filed with the Court of
Hong Kong for litigation.
V. This agreement is in effect from the execution date of all parties;
VI. Four copies of this agreement has been executed, with a copy for each
party and the execution of any copy shall give effect to this agreement
and have binding force.
Signed and sealed by Xxxx Xxxxxx Signed and sealed by Xxxx Xxxxxxx
Signed and sealed by XXXXXX GEM Signed and sealed by PUCCINI
MANAGEMENT LIMITED INTERNATIONAL LIMITED
Date: September 25, 2003
Execution Place
2
