Confirmation Letter
Exhibit 10.20
Confirmation Letter
Duowan Entertainment Information Technology (Beijing) Company (“Beijing Duowan”) and Beijing Tuda Science and Technology Company Limited (“Beijing Tuda”) have entered into an Exclusive Technology Support and Technology Services Agreement (the “Original Agreement”) on December 3, 2009. According to Section 2 of the Original Agreement, both parties confirm the fee rate and payment of services as follows:
1. Fee rate of services: Beijing Tuda shall, according to the Original Agreement, pay services fees to Beijing Duowan at the rate of 10% of Beijing Tuda’s annual revenue of each year.
2. Payment time: The time of paying services fees above shall be determined by Beijing Duowan according to actual situation. Beijing Tuda shall arrange payment after receiving written notice from Beijing Duowan.
3. This confirmation letter shall prevail should there be any inconsistency between the Original Agreement and this confirmation letter.
Party A: Duowan Entertainment Information Technology (Beijing) Company (Seal)
Signature: | /s/ Xxxxxxx Xx | |
Name: | Xxxxxxx Xx | |
Position: | Legal Representative/Authorized Representative |
Party B: Beijing Tuda Science and Technology Company Limited (Seal)
Signature: | /s/ Xxx Xxx | |
Name: | Xxx Xxx | |
Position: | Legal Representative/Authorized Representative |
Date: November 10, 2011
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