Termination Agreement
EXHIBIT 4.149
This Agreement is executed on Apr 12, 2007 by and between:
(1) | XXX EACHNET HOLDINGS (BVI) INC. (hereinafter referred to as the “Lender”) , is a limited liability Company registered in P.O. Box 173, Kingston Xxxxxxxx, Road Town, Tortola, British Virgin Islands; and |
(2) | Wan Hua (hereinafter referred to as the “Borrower”), whose Identity Card No. is 110106196207281812 with his residence address at Xx. 0000, Xxxxxxxx 000, Xxxxx Xxxx, Xxxxxxx Xxxxxxxx , Xxxxxxx |
Whereas:
1. | The lender and the borrower executed a Loan Agreement (hereinafter referred to as the “Loan Agreement I”) on Feb 1, 2007. |
2. | Party A and Party B wish to terminate the said Loan Agreement. |
Now therefore, the Parties agree as follows:
1. | Party A and Party B agree to terminate the Loan Agreement, which shall automatically become invalid upon the effective date of this agreement. |
2. | On the date when the Loan Agreement becomes invalid, the rights and obligations of Party A and Party B under the Loan Agreement 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 two copies, each held by either Party. |
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[Execution Page]
Lender: XXX EACHNET HOLDINGS (BVI) INC.
Authorized Representative Signature:
Borrower: Wan Hua
Signature:
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