Service Supplemental Agreement
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Party
A:
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Yangguang
Tianhe (Beijing) Technology Co., Ltd.
Xxxxxx
Online Entertainment Limited (“Party A”)
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Legal
Representative:
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Xxx
Xxxxx
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Party
B:
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Simon
Hong He (“Party B”)
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ID
Card No.:
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1101020196901251132
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Whereas Party A and Party B executed an
agreement in March 2010, pursuant to which Party B was engaged to be Party A’s
Chief Financial Officer.
In September 2010, pursuant to an
agreement between Party A and Party A’s underwriter, Xxxxxx & Xxxxxxx, Party
A had its current stock totaling 11,020,000 shares reverse split at the ratio of
2.49:1, upon the completion of which Party A now has a total of 4,425,704 shares
of capital stock.
Due to the resulting change in the
structure of the Company’s capital stock, Party A and Party B, through
consultation, agree to make the following corresponding adjustments to Party B’s
options award plan:
During
the term of the agreement, Party A shall make four issuances to Party B of Party
A’s stock options for a total of 40,160 shares: (1) the first is on the date of
the listing, on which date Party A shall issue to Party B stock options for
10,040 shares; (2) the second is on the first anniversary date of the listing,
on which date Party A shall issue to Party B stock options for 10,040 shares;
(3) the third is on the second anniversary date of the listing, on which date
Party A shall issue to Party B stock options for 10,040 shares; and (4) the
fourth is on the third anniversary date of the listing, on which date Party A
shall issue to Party B stock options for 10,040 shares.
Party B
shall have the right to exercise such options on the day of receiving them at
the exercise price equal to the public offering price and Party A shall pay on
Party B’s behalf any consideration required of such exercise.
This
supplemental agreement shall prevail in the event of any inconsistency between
the content herein and that in the original agreement.
This
supplemental agreement is in duplicates, with one to Party A and Party B each
and both having the same legal effect, and it shall become effective once it is
signed by both parties.
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Party
A:
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Yangguang
Tianhe (Beijing) Technology Co., Ltd.
Xxxxxx
Online Entertainment Limited (“Party A”)
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(Signature):
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/s/
Xxx Xxxxx
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October
1, 2010
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Party
B:
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Simon
Hong He (“Party B”)
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(Signature):
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/s/
Simon Hong He
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October
1, 2010
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