SUPPLEMENTAL AGREEMENT TO SERIES A-2 PREFERENCE SHARES SUBSCRIPTION AGREEMENT
Exhibit 4.7
This Supplemental Agreement to Series A-2 Preference Shares Subscription Agreement (the
“Agreement”) is entered into as of December 6th, 2010 between Xxxxxx Literature Corporation (the
“Company”) and Xxxxxx Investment Holdings Limited (“Xxxxxx Investment”), a wholly-owned subsidiary
of Xxxxxx Interactive Entertainment Limited (“Xxxxxx”).
Reference is hereby made to the loan agreement between Xxxxxx and the Company dated June 15th,
2010 (the “ June Loan Agreement”), pursuant to which Xxxxxx extended an unsecured loan (the “Loan”)
in the principal amount of US$14,645,577 to the Company. Capitalized terms not defined herein shall
have the meaning given to them in the June Loan Agreement. The June Loan Agreement was
assigned by Xxxxxx to Xxxxxx Investment pursuant to a Loan Assignment and Assumption Agreement
between Xxxxxx and Xxxxxx Investment dated October 28, 2010.
In consideration of the mutual agreements set forth herein, the parties hereto agree as
follows:
Xxxxxx Investment shall satisfy its obligation to pay the purchase price of US$14,645,577 in
cash for 7,396,757 Series A-2 Preference Shares to be issued to Xxxxxx Investment under the Series
A-2 Preference Shares Subscription Agreement by releasing the Company from its obligation under the
June Loan Agreement, including without limitation, the obligations to repay any outstanding
principal and/or interest on the Loan, and the June Loan Agreement is hereby terminated.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on
December 6th, 2010.
| XXXXXX LITERATURE CORPORATION |
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| By: | /s/ Xxxxxxxx Xxxxx | |||
| Name: | Xxxxxxxx Xxxxx | |||
| Title: | Chief Financial Officer | |||
| XXXXXX INVESTMENT HOLDINGS LIMITED |
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| By: | /s/ Xxxxx Xx | |||
| Name: | Xxxxx Xx | |||
| Title: | Chief Financial Officer | |||
