Supplemental Agreement
Exhibit 10.3
This Supplemental Agreement (hereinafter referred to as the "Agreement ") is agreed and signed by the following three parties on April 8, 2011, Futian District, Shenzhen.
Party A: Xxxxxx Xxxx
Identity Number：000000000000000000
Party B: Xxxxxxx Xxxx
Identity Number：000000000000000000
Party C：SHENZHEN XING TIAN KONG DIGITAL CO., LTD.
Business Registration Number：440301503394393
WHEREAS：
Party A, Party B and Party C agreed and signed the "Interest Transfer Agreement"(hereinafter referred to as the "Master Agreement ") on April 7, 2011. After friendly negotiation, the three parties agreed the following additional terms on the adjustment of the transfer price of the interest and the cost of commitment:
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1.
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All parties agree to adjust the interest transfer price in the Master Agreement from XXX 00 million (¥10,000,000.00) to XXX 0 Xxxxxxx (x8,000,000.00). The amount payable to Party A shall be RMB 7.6 Million (￥7,600,000.00). The amount payable to Party B shall XXX 0 Xxxxxxx Xxxxxxxx (￥400,000.00).
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2.
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In view of Xx. Xxxxxx Xxxx’x experience and practice in the digital products retail industry, Party C shall engage Xx. Xxxxxx Xxxx as a consultant for it. The consulting fee shall be XXX 0 xxxxxxx, xxxxx by Party C.
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3.
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The total amount under the above two items shall be XXX 00 Million, payable according to the methods agreed in the Master Agreement.
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4.
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Other than the terms expressly added in this Supplemental Agreement, the remainder of the Master Agreement shall remain in force. In that case that the terms in the Master Agreement are inconsistent with the terms in this Agreement, this agreement shall prevail.
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5.
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This Agreement has three copies, with Party A, Party B, and Party C each holding one. All copies shall have the same legal effect.
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6.
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This Agreement shall be effective upon signing by Party A, Party B and the legal representative (or authorized representative) of Party C and stamped with Party C’s seal.
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Party A: /s/ Xxxxxx Xxxx
Party B: /s/ Xxxxxxx Xxxx
Party C: SHENZHEN XING TIAN KONG DIGITAL CO., LTD.
Legal or Authorized Representative: /s/ Xxxxxxxx Xxx
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