Termination Agreement to the Share Pledge Agreement
Exhibit
4.11
Termination
Agreement to the Share Pledge Agreement
This
Termination Agreement to the Share Pledge Agreement (hereinafter referred to as
this “Agreement”) is
entered into on this 1st day of
July, 2008 in Pudong, Shanghai by and among:
Xxxx Xxxx-xxxx (ID Card No.:
[XXX]),
hereinafter referred to as the “Party A”); and
Chen Da-nian (ID Card No.:
[XXX]), hereinafter referred to as
“Party B”;
and
Shengqu Information Technology
(Shanghai) Co., Ltd., located at Xx. 000 Xxxx Xxxx, Xxxxxx Xxx Xxxx,
Xxxxxxxx, hereinafter referred to as “Party C”.
Party A,
Party B and Party C may collectively be referred to as the “Parties” and, individually, as
the “Party”.
Whereas,
Party A,
Party B and Party C have entered into the Share Pledge Agreement (hereinafter
referred to as the “Original
Agreement”) on December 30, 2003, according to which Party A and Party B have pledged all Share held by them in Shanghai Xxxxxx Networking Development Co., Ltd. as the security
against all of the
obligations of Xxxxxx
Networking under the service agreement that shall be performed for Party
C.
NOW THEREFORE, the Parties
have reached the following terms and conditions in respect of this Termination
Agreement upon their consensus, and on the basis of willingness and equal
footing on July 01, 2008.
1.
|
The
Parties have agreed to terminate the Original Agreement on the date when
this Agreement is entered into, and to release their rights and
obligations under such Original Agreement. No Party shall bear any
breaching liability to the other
Party.
|
2.
|
The
rights and obligations of each Party under the Original Agreement shall be
remained in force before this Agreement is entered
into.
|
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3.
|
This
Agreement comes to effect with immediate effect after it is entered into
by the Parties.
|
4.
|
Any
dispute in relation to the Original Agreement and this Agreement shall be referred to the China
International Economic and Trade Arbitration Commission Shanghai
Commission (“CIETACSC”) according to the Rules of
CIETACSC in force for the time
being.
|
IN WITNESS WHEREOF, the
Parties have duly caused their authorized representatives to enter into this
Agreement in Shanghai on the day and year first above written.
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[Signature
Page]
Party A:
Xxxx Xxxx-xxxx
Signed
by_____________________
Party B:
Chen Da-nian
Signed
by_____________________
Party
C:
Shengqu
Information Technology (Shanghai) Co., Ltd.
Authorized
Representative: _____________________
Signed/sealed:
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