Termination Agreement
EXHIBIT 4.86
This Agreement is executed on January 16, 2006 by and between:
Party A: Beijing Lahiji Technology Development Co., Ltd. (hereinafter referred to as “Party A”)
Registered Address: Xxxx 000, Xxxx X, Xx.00 xx Xx Xxxx Xxxx (S), Economic-Technological Development Area, Beijing
Party B: Xxxx Xxx Lei (hereinafter referred to as “Party B”)
Address: Xx.0000, Xxxxxxxx 0, Xxxxxxxxxxxxx Xxxxxxxx, Xxxxxxxxx District, Beijing
Whereas:
| 1. | Party A and Party B executed a Share Pledge Agreement (hereinafter referred to as the “Share Pledge Agreement”) with respect to the equity interest held by Party B in Beijing Lei Ting Wan Jun Network Technology Company Limited on November 30, 2004. |
| 2. | Party A and Party B wish to terminate the said Share Pledge Agreement. |
Now therefore, the Parties agree as follows:
| 1. | Party A and Party B agree to terminate the Share Pledge Agreement, which shall automatically become invalid upon the effective date of this agreement. |
| 2. | On the date when the Share Pledge Agreement becomes invalid, the rights and obligations of Party A and Party B under the Share Pledge 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] | ||
| Beijing Lahiji Technology Development Co., Ltd. | ||
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| Name: | Xxxx Xxx Lei | |
| Title: | Legal Representative | |
| Xxxx Xxx Lei | ||
| Signature: | ||
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