Supplementary Agreement to Technology Development and Utilization Services Agreement Executed by Shenzhen 7Road Technology Co., Ltd. (As service receiver) And Shenzhen 7Road Network Technologies Co., Ltd. (As service provider) June 5, 2013
Exhibit 10.99
English Translation
Supplementary Agreement to Technology Development and Utilization Services Agreement
Executed by
Shenzhen 7Road Technology Co., Ltd.
(As service receiver)
And
Shenzhen 7Road Network Technologies Co., Ltd.
(As service provider)
June 5, 2013
Supplementary Agreement to Technology Development and Utilization Services Agreement
This Supplementary Agreement to Technology Development and Utilization Services Agreement (hereinafter referred to as the “Supplementary Agreement”) is executed by the following two parties in Shenzhen, the People’s Republic of China (hereinafter referred to as “China”) on June 5, 2013:
| (1) | Shenzhen 7Road Technology Co., Ltd., whose registered address is 0-0X, Xxxxxxxxxx Xx-Xxxx Xxxxxxxx, 0000 Xxxxxxx Boulevard, Nanshan District, Shenzhen, and legal representative of which is Xxxx Xxx (hereinafter referred to as “Party A”); and |
| (2) | Shenzhen 7Road Network Technologies Co., Ltd., whose registered address is 0X, Xxxxxxxxxx Xx-Xxxx Xxxxxxxx, 0000 Xxxxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Shenzhen, and legal representative of which is Xxxx Xxx (hereinafter referred to as “Party B”). |
(In the Agreement, Party A and Party B are collectively referred to as the “Parties”, respectively referred to as “Party” or “the other Party”.)
Whereas:
The Parties executed the Technology Development and Utilization Services Agreement (hereinafter referred to as the “Original Agreement”) on June 26, 2012, and Party B accepted Party A’s entrustment to provide technology development and technology application services relating to online games to Party A.
Now, the Parties have agreed to make the following modifications to the terms concerning dispute settlement and notice in the Original Agreement upon consensus through negotiation:
| 1 | Dispute Settlement |
The Parties agree that Clause 14.3 in the Original Agreement shall be changed into: “If a party fails to settle any dispute through negotiation in sixty (60) days upon giving notice to the other party, then either party may submit such dispute to China International Economic and Trade Arbitration Commission for arbitration in Beijing based on then-current arbitration rules. Such award of arbitration is final and binding upon the Parties.”
| 2 | Notice |
The Parties agree that the contact and fax number of the Parties under Clause 15 in the Original Agreement shall be changed into:
Party A: Shenzhen 7Road Technology Co., Ltd.
Contact: Xxxx Xxxxx
Fax: 0000-00000000 – 6
Party B: Shenzhen 7Road Network Technologies Co., Ltd.
Contact: Xxxx Xxxxx
Fax: 0000-00000000 – 6”
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In addition to the above modifications, the Parties have reached consensus upon the following terms:
| 1 | Matters not contemplated herein shall be governed by relevant provisions in the Original Agreement; in case of conflict arising between the terms in the Original Agreement and those in the Supplementary Agreement, the latter shall prevail. |
| 2 | The Supplementary Agreement shall come into effect upon the date of signature and seal by the Parties. |
| 3 | The Supplementary Agreement is executed in four counterparts, and each party shall hold two copies. All counterparts have the same legal force and effect. |
Now, therefore, the representatives, duly authorized by the Parties, have executed this Agreement as of the date first above written for mutual binding.
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(Intended blank page, serving as signature page of the Supplementary Agreement to Technology Development and Utilization Services Agreement)
Party A: Shenzhen 7Road Technology Co., Ltd.
Legal representative: /s/ Xxxx Xxx
Party B: Shenzhen 7Road Network Technologies Co., Ltd.
Legal representative: /s/ Xxxx Xxx
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