Termination Agreement
EXHIBIT 4.80
This Agreement is executed on January 16, 2006 by and among:
Party A: Lahiji Vale Limited (hereinafter referred to as “Party A”)
Registered Address: P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands
Party B: Wang Xxx Xxxx (hereinafter referred to as “Party B”)
Address: Xx.000, Xxxx 0, Xxxxxxxx 0, Xx Xxxxx Bystreet (E), Chaoyang District, Beijing
Party C: Beijing Lei Ting Wan Jun Network Technology Company Limited
Address: Xxxx 000, Xxxx X, Xx.00 xx Xx Xxxx Xxxx (S), Economic-Technological Development Area, Beijing
Whereas:
| 1. | Party A, Party B and Party C executed an Exclusive Purchase Right Contract (hereinafter referred to as the “Exclusive Purchase Right Contract”) with respect to the equity interest held by Party B in Party C on January 19, 2005. |
| 2. | Party A, Party B and Party C wish to terminate the said Exclusive Purchase Right Contract. |
Now therefore, the Parties agree as follows:
| 1. | Party A and Party B agree to terminate the Exclusive Purchase Right Contract, which shall automatically become invalid upon the effective date of this agreement. |
| 2. | On the date when the Exclusive Purchase Right Contract becomes invalid, the rights and obligations of Party A and Party B under the Exclusive Purchase Right Contract shall be terminated accordingly. |
| 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 either Party. |
1
| [Execution Page] | ||
| Lahiji Vale Limited | ||
| Name: | Xxxx Xxx Lei | |
| Title: | Legal Representative | |
| Wang Xxx Xxxx | ||
| Signature: | ||
| Beijing Lei Ting Wan Jun Network Technology Company Limited | ||
| Name: | Xxxx Xxx Lei | |
| Title: | Legal Representative | |
2
