Termination Agreement
Exhibit 4.69
This Agreement is executed on 25 October 2005 by and among:
Party A: Whole Win Investments Limited (“Party A”)
Registered Address: P.O. Box 957,Offshore Incorporations Center, Road Town, Tortola, British Virgin Islands
Party B: Pu Dongwan (“Party B”)
Address: #1101, Xxxx 0, Xx.0 Xxxxxxxx, Xxx Xxx Xxxx Xxxx Homestead, Haidian District, Beijing
Party C: Startone (Beijing) Information Technology Co., Ltd. (“Party C”)
Address: Xxxx X000, Xx.00, Xx Xxxx Xxxxxx (S), Beijing Economic-Technological Development Area, Beijing
Whereas:
| 1. | Party A, Party B, and Party C reached an Exclusive Option Agreement relating to the equity interest in Party C owned by Party B(hereinafter referred to as the “Exclusive Option Agreement”) on 19 November 2004. |
| 2. | Party A, Party B and Party C wish to terminate the said Exclusive Option Agreement. |
Now therefore, the Parties agree as follows:
| 1. | Party A, Party B and Party C agree to terminate the Exclusive Option Agreement which shall automatically become invalid upon the effective date of this Agreement. |
| 2. | Upon the date when the Exclusive Option Agreement becomes invalid, the rights and obligations of Party A, Party B and Party C under the Exclusive Option Agreement shall be terminated accordingly. |
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| 3. | This Agreement shall take effect upon its execution. |
| 4. | This Agreement shall be governed by the PRC laws. |
| 5. | This Agreement is made in three copies, each held by one Party. |
| Party A: Whole Win Investments Limited | ||
| Authorized Representative: | /s/ Fan Tai | |
| Name: | Fan Tai | |
| Title: | Authorized Representative | |
| Party B: Pu Dongwan | ||
| Signature: | /s/ Pu Dongwan | |
| Party C: Startone (Beijing) Information Technology Co., Ltd. | ||
| Authorized Representative: | /s/ Xxx Xxxxxxx | |
| Name: | Xxx Xxxxxxx | |
| Title: | Legal Representative | |
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