Confirmation Letter
Exhibit 10.7
Confirmation Letter
Duowan Entertainment Information Technology (Beijing) Company (“Beijing Duowan”) and Guangzhou Huaduo Network Technology Company Limited (“Guangzhou Huaduo”) have entered into an Exclusive Business Cooperation Agreement (the “Original Agreement”) on August 12, 2008. 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: Guangzhou Huaduo shall, according to the Original Agreement, pay services fees to Beijing Duowan at the rate of not more than 100% of Guangzhou Huaduo’s annual audited net income of each year.
2. Payment time: The time of paying services fees above shall be determined by Beijing Duowan according to actual situation. Guangzhou Huaduo 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: Guangzhou Huaduo Network Technology Company Limited (Seal)
Signature: /s/ Xxxxxxx Xx
Name: Xxxxxxx Xx
Position: Legal Representative/Authorized Representative
Date: November 10, 2011
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