WAIVER LETTER
Exhibit 4.10
WAIVER LETTER
JMU Limited
Xxxxxx Corporate Services Limited
X.X. Xxx 000, Xxxxxx Xxxxx
Xxxxx Xxxxxx, XX0-0000
Cayman Islands
July 22, 2019
Ladies and Gentlemen:
Reference is made to that certain Sale and Purchase Agreement, dated as of the date hereof (as further amended, amended and restated, modified or supplemented from time to time, the “SPA”) by and between JMU Limited (the “Seller”) and Marvel Billion Development Limited (億迅發展有限公司) (the “Purchaser”), pursuant to which the Seller will sell to the Purchaser and the Purchaser will purchase from the Seller all the issued and outstanding shares of New Admiral Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands that is wholly owned by the Seller and the holder of all the issued and outstanding shares of the undersigned, Join Me Group (HK) Investment Company Limited (“Join Me Investment”). Capitalized terms not defined hereunder shall have the meanings ascribed to them in the SPA.
In connection with the transaction contemplated under the SPA, Join Me Investment hereby irrevocably waives, upon the execution of this Waiver Letter, all the rights, requests, claims and/or allegations that it may have against the Seller and the Seller’s affiliates with respect to all the outstanding liabilities owed by the Seller to Join Me Investment. Join Me Investment acknowledges that this Waiver Letter shall be also binding upon any successor of Join Me Investment and Join Me Investment shall cause any of its successors to comply with this Waiver Letter.
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IN WITNESS WHEREOF, the undersigned has executed this Waiver Letter as of the date and year first written above.
THE UNDERSIGNED:
Join Me Group (HK) Investment Company Limited
By: |
/s/ XXX Xxxxxxx |
Name: | ||
Title: |
[Signature Page to the Waiver Letter]