Supplementary Agreement to the Operation and Management Agreement



 Exhibit 10.34 
 English Translation for Reference Only 
 SUPPLEMENTARY AGREEMENT 
 TO THE OPERATION AND MANAGEMENT AGREEMENT 
 This
Supplementary Agreement to the Operation and Management Agreement (the “Agreement”) is entered into by and between the following parties in Suzhou, Jiangsu Province, the People’s Republic of China (the “PRC”) on
October 30, 2008. 
 PARTIES: 
 Beijing Feijie
Investment Co., Ltd. (the “Acquirer”) 
 Legal Representative: Qixian Kuang 
 Zhuqun Peng (the “Controlling Party”) 
 Identity Card No.: 320626197005208816 
 Each of the Acquirer and the Controlling Party constitutes a “Party,” and they are collectively referred to as the “Parties.”

 RECITALS: 
 1. WHEREAS, the Parties entered into the
Operation and Management Agreement on May 5, 2008 (the “Original Agreement”); and 
 3. WHEREAS, the Parties desire to amend and
supplement the Original Agreement. 
 NOW, THEREFORE, the Parties hereby agree to the following: 
 ARTICLE 1 The Parties hereby agree and confirm that: (1) the “Company” in the Original Agreement shall mean Jiangsu Guanzhilin
Mobile Phones Hypermarket Co., Ltd. (“Jiangsu Guanzhilin”), established by the Controlling Party and/or its Affiliates. The subsidiaries of Jiangsu Guanzhilin shall include the companies listed on Schedule 1 attached hereto and any
future subsidiaries of the Company approved by the Acquirer (collectively, the “Subsidiaries”); (2) the “Company’s Business” in the Original Agreement shall be jointly developed and operated by Jiangsu Guanzhilin
and each of the Subsidiaries. The business, finance, human resource and management of the Subsidiaries shall be incorporated into Jiangsu Guanzhilin’s operation and management system, the operating performance of the Subsidiaries shall be
incorporated into Jiangsu Guanzhilin’s performance review system, and the financial condition of the Subsidiaries shall be audited and reviewed by the auditor agreed to by the Parties; (3) unless otherwise specified the terms stipulated in
the Original Agreement with respect to “Company’s Business,” “Undisclosed Liabilities,” “Annualized Net Profits,” “Net Profits,” “Sales Support Income,” “Operating Profit Index Lockup
Period,” “Operating Profit Index,” “Performance Reward,” “Financial Report,” “Affiliate” and any other similar terms shall be used to assess, examine, calculate and review the performance of Jiangsu
Guanzhilin and the Subsidiaries as a whole (the aforesaid terms shall apply to Jiangsu Guanzhilin and the Subsidiaries as a whole unless the Acquirer agrees to adjust the applicability of such terms). 







 ARTICLE 2 Unless otherwise agreed to in writing by the Parties, Deloitte Touche Tohmatsu Certified
Public Accountants Ltd. (“Deloitte”) shall be the auditor of the Jiangsu Guanzhilin and each of the Subsidiaries during the Operating Profit Index Lockup Period. The Controlling Party hereby agrees that it will assist Jiangsu
Guanzhilin and each of the Subsidiaries with completing the reviews and audits conducted by Deloitte. The Controlling Party shall cause Jiangsu Guanzhilin and each of the Subsidiaries to cooperate fully with the audit and review process and, to
allow for the timely issuance of each audit report or financial statement, to provide Deloitte with complete, accurate and true copies of all necessary data, documents and materials. Jiangsu Guanzhilin and the Acquirer shall jointly enter into a
consulting agreement with Deloitte pursuant to which Deloitte will become the auditor responsible for auditing and reviewing the financial conditions for Jiangsu Guanzhilin and each of the Subsidiaries. All audit expenses shall be the responsibility
of the Acquirer. 
 ARTICLE 3 The Parties hereby agree that Article 1.15(i) of the Original Agreement is hereby supplemented as
follows: The Acquirer has been informed that the Controlling Party, the Transferors and the People’s Government of Muyang County, Jiangsu Province entered into an investment agreement on June 6, 2008 (the “Investment
Agreement”). The tax return and any other preferential taxation treatment based on the Investment Agreement that Jiangsu Guanzhilin receives before the date of the annual audit report of the Audited Year shall be calculated to increase the
Net Profit value according to Chinese accounting standards. 
 ARTICLE 4 The Parties hereby agree that Article 47 of the Original
Agreement is hereby amended and restated in its entirety as follows: 
 “ARTICLE 47 The Company will prepare and furnish to the board of directors the
Financial Report, including the balance sheet and statement of profit and loss (including separate Financial Reports for Jiangsu Guanzhilin and each of the Subsidiaries and a consolidated Financial Report for Jiangsu Guanzhilin and the
Subsidiaries), pursuant to the following requirements. The Financial Report shall be jointly signed by the Acquirer and the financial personnel of Jiangsu Guanzhilin. However, the Acquirer may refuse to sign the Financial Report if Jiangsu
Guanzhilin fails to prepare the Financial Report according to the requirements set forth by the Acquirer 
 47.1 The Financial Report for each calendar month shall be submitted to the board of directors on or before the 15th
day of the following month; 
 47.2 The Financial Report for each quarter shall be
submitted to the board of directors on or before the 15th day of the first month of the following quarter; 
 47.3 The Financial Report for each calendar year shall be submitted to the board of directors on or before March 31 of the following year; and

 47.4 The audit report for each fiscal year (April 1 through and including March 31), prepared by an auditor agreed to by the Parties,
shall be furnished to the board of directors on or before June 30 of the following year.” 
 ARTICLE 5 Except as
specifically amended or supplemented hereby, all provisions of the Original Agreement are hereby ratified and shall remain in full force and effect. 







 ARTICLE 6 This Agreement shall be made and executed in duplicate, one for each party hereto and
all counterparts have the same legal effect. 
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 Signature page to Supplementary Agreement to the Operation and Management Agreement 
  

			
	The Acquirer: Beijing Feijie Investment Co., Ltd
		
	Signature/Seal:	 	 /s/    Dongping Fei

	Name of Authorized Representative: Dongping Fei
	
	The Controlling Party: Zhuqun Peng
		
	Signature/Seal:	 	 /s/    Zhuqun Peng

	
	Identity Card No.: 320626197005208816