Termination Agreement
EX-99.3
This
termination agreement is agreed by the following two parties and signed on
November 19, 2010:
|
|
a)
|
China
Youth Interactive Media (Beijing) Co.,
Ltd. (hereinafter referred to as "CY Interactive
")
|
|
|
b)
|
Youth Media
Technology (Beijing) Limited (hereinafter referred to as "Youth
Media Beijing")
|
Whereas:
|
|
a)
|
CY Interactive
and Youth Media Beijing have (i) signed a business and
technical services Agreement on January 15, 2009, and on July 3,
2009 signed a commercial and technical services agreement (ii) based
on the execution or implementation of the above
agreement and from time to time all oral or written
supplementary agreements and updates (if any) (the
foregoing (i) and (ii) collectively, the "Series Agreement
");
|
|
|
b)
|
CY Interactive
and Youth Media Beijing intend to terminate the Series
Agreement.
|
|
|
Therefore,
all of the parties have reached the following
consensus:
|
|
|
1.
|
The
Series Agreement will be terminated on the signing date of this
Agreement.
|
|
|
2.
|
As
to the Series Agreement, any party to this Termination Agreement is not
responsible for any obligations, debt or liabilities to any other
parties and is not liable or entitled to any
claim.
|
China
Youth Interactive Media (Beijing) Co., Ltd.
Youth Media
Technology (Beijing) Limited
