Document:

Exhibit 4.34

 

AGREEMENT

 

This AGREEMENT (the “Agreement”) is entered into on December 26, 2011 by and among the following parties:

 

(1)                                 CHINACACHE INTERNATIONAL HOLDINGS LTD. (the “Buyer”),  a company duly incorporated and existing under the laws of the Cayman Islands;

 

(2)                                 SUNDREAM HOLDINGS LIMITED and SMART ASIA HOLDINGS LIMITED, each a company duly incorporated and existing under the laws of the British Virgin Islands (collectively the “Sellers” and individually, a “Seller”);

 

(3)                                 MEI YONGKAI, a PRC citizen whose I.D. .No. is 330622750103001, and MEI XIURONG, a PRC citizen whose I.D. No. is 33062219720226002X.

 

WHEREAS, on December 20, 2007, a Share Purchase and Sale Agreement was entered into by and among  the Buyer, the Sellers, JNet Holdings Limited, Shanghai JNet Telcom Co., Ltd. (the “Shanghai JNET”), Mei Yongkai, Mei Xiurong and certain other parties thereto (the “Purchase Agreement”). On January 28, 2010, a Supplementary Agreement (the “Supplementary Agreement”) was entered into by and among the same parties in respect of the Purchase Agreement.

 

WHEREAS, pursuant to the Purchase Agreement and the Supplementary Agreement, (1) the Buyer had the option to pay to the Sellers certain US dollar amount (the “Deemed Payment”) within five (5) years after the date of the Supplementary Agreement, and (2) the remaining Purchase Consideration (as defined in the Purchase Agreement) (the “Remaining Purchase Consideration”) payable by the Buyer shall be re-calculated and re-arranged in accordance with Section 4 of the Supplementary Agreement.

 

WHEREAS, the parties have acknowledged and agreed that, as of the date hereof, the Deemed Payment is USD$ 7,075,424.

 

WHEREAS, as of the date of this Agreement, the Sellers are the registered owners of a total of 659,730 ordinary shares of the Buyer with a par value of US$ 0.0001 per share.

 

Now, through mutual discussion, the parties have reached the following  agreements:

 

1.                          The Sellers hereby waive the Buyer’s obligation to pay the Deemed Payment and the Remaining Purchase Consideration (the “Waiver”). The Waiver shall be deemed  as retroactive and effective from the signing date of the Purchase Agreement and the Supplementary Agreement.

 

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2.                          The parties acknowledge and confirm that the Deemed Payment and the Remaining Purchase Consideration are all the amount due by the Buyer to the Sellers under the Purchase Agreement and any amendments and supplementary agreements thereto (including the Supplementary Agreement). Following the Waiver, the Buyer shall have no further payment or other obligations due to the Sellers and/or Mei Yongkai and Mei Xiurong under the Purchase Agreement and any amendments and supplementary agreements thereto (including the Supplementary Agreement).

 

3.                          As soon as possible after the date of this Agreement, the Sellers shall, and Mei Yongkai and Mei Xiurong shall cause the Sellers to, dispose of the 659,730 ordinary shares held by the Sellers in the Buyer in such manner as agreed by the Buyer and permitted by the applicable law (the “Disposal”), including without limitation converting all of the 659,730 ordinary shares held by the Sellers in the Buyer into American Depository Shares (the “ADSs”) in accordance with the requirements of the Buyer’s depositary bank, the Buyer’s insider trading policy and the applicable laws, or transferring the 659,730 ordinary shares to the person(s) or entity(ies) designated by the Buyer.

 

4.                          As soon as possible following the completion of the Disposal, Mei Yongkai and Mei Xiurong shall submit applications to the competent department of State Administration of Foreign Exchange to cancel their overseas investment foreign exchange registration with respect to their shareholding in the Buyer, in such manner as permitted by the State Administration of Foreign Exchange.

 

5.                          The Sellers, Mei Yongkai and Mei Xiurong hereby confirm that they have no claim against the Buyer under the Purchase Agreement and any amendments and supplementary agreements thereto (including the Supplementary Agreement).

 

6.                          This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York without regard to its conflict of laws.  Any dispute, controversy or claim arising out of, relating to, or in connection with this Agreement, or the breach, termination or validity hereof, shall be finally settled exclusively by arbitration.  The arbitration shall be conducted under the auspice of the Hong Kong International Arbitration Center in accordance with the UNCITRAL Arbitration Rules in effect at the time of the arbitration. Section 9.11 of the Purchase Agreement (Arbitration) shall apply to this Agreement.

 

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written.

 

 

	
 
    	
CHINACACHE INTERNATIONAL HOLDINGS LTD.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Song Wang
    
	
 
    	
Print Name: Song   Wang
    
	
 
    	
Title: Chairman of   the Board of Directors and Chief Executive Officer
    

 

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written.

 

 

	
 
    	
SUNDREAM HOLDINGS LIMITED
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ MEI Yongkai
    
	
 
    	
Print Name: MEI   Yongkai
    
	
 
    	
Title: Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SMART ASIA HOLDINGS   LIMITED
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ MEI Xiurong
    
	
 
    	
Print Name: MEI   Xiurong
    
	
 
    	
Title: Director
    

 

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written.

 

 

	
 
    	
MEI YONGKAI
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ MEI Yongkai
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
MEI XIURONG
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ MEI XiurongExhibit 4.35

 

TERMINATION AGREEMENT

 

This TERMINATION AGREEMENT (the “Agreement”), dated December 26, 2011, is made in Beijing by and among:

 

Party A: ChinaCache Network Technology (Beijing) Co., Ltd., a wholly foreign owned enterprise incorporated and existing under the laws of the People’s Republic of China, with address at Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road, Chaoyang District, Beijing 100016 (the “Party A”);

 

Party B: ChinaCache International Holdings Ltd., a company incorporated and existing under the laws of Cayman Islands, with registered address at Offshore Incorporations (Cayman) Limited, Scotia Center, 4th Floor, P.O. Box 2804, George Town, Grand Cayman, Cayman Islands (the “Party B”);

 

Party C: Shanghai JNet Telecom Co., Ltd., a company with limited liabilities incorporated and existing under the laws of the People’s Republic of China, with address at Room 221, 728 Guanghua Road, Minhang District, Shanghai (the “Party C”);

 

And

 

Party D: YING Huiling, a Chinese citizen with I.D. No. 110101196401213520;

SHA Yong, a Chinese citizen with I.D. No. 120106197103165530;

YIN Hao, a Chinese citizen with I.D. No. 420111197410107375;

MEI Yongkai, a Chinese citizen with I.D. No. 330622750103001;

MEI Xiurong, a Chinese citizen with I.D. No. 33062219720226002X.

(Collectively, “Party D”)

 

Party A, Party B, Party C and Party D are referred to as, individually, the “Party”; collectively, the “Parties”.

 

WHEREAS, the Parties have respectively entered into the following agreements (collectively, the “Controlling Agreements”):

 

1.                                      Party A and Party C have entered into an Exclusive Business Cooperation Agreement dated January 10, 2008, and a Supplement to the Exclusive Business Cooperation Agreement dated May 10, 2010;

2.                                      Party A, Party B, Party C, SHA Yong, YIN Hao, MEI Yongkai and MEI xiurong have entered into a Framework Agreement dated April 8, 2010;

3.                                      Party A and YING Huiling have entered into a Loan Agreement dated January 10, 2008;

4.                                      Party A, Party C and YING Huiling have entered into an Exclusive Call Option Agreement and an Equity Interest Pledge Agreement dated January 10, 2008, and a Supplement to the Exclusive Call Option Agreement dated May 10, 2010;

5.                                      YING Huiling has issued a Power of Attorney to Party A dated January 10, 2008;

 

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6.                                      Party A and SHA Yong have entered into a Loan Agreement dated April 8, 2010;

7.                                      Party A, Party C and SHA Yong have entered into an Exclusive Call Option Agreement and an Equity Interest Pledge Agreement dated April 8, 2010;

8.                                      SHA Yong has issued a Power of Attorney to Party A as of April 8, 2010;

9.                                      Party A and YIN Hao have entered into a Loan Agreement dated April 8, 2010;

10.                               Party A, Party C and YIN Hao have entered into an Exclusive Call Option Agreement and an Equity Interest Pledge Agreement dated April 8, 2010;

11.                               YIN Hao has issued a Power of Attorney to Party A dated April 8, 2010;

12.                               Party A and MEI Yongkai have entered into a Loan Agreement dated April 8, 2010;

13.                               Party A, Party C and MEI Yongkai have entered into an Exclusive Call Option Agreement and an Equity Interest Pledge Agreement dated April 8, 2010;

14.                               MEI Yongkai has issued a Power of Attorney to Party A dated April 8, 2010;

15.                               Party A and MEI Xiurong have entered into a Loan Agreement dated April 8, 2010;

16.                               Party A, Party C and MEI Xiurong have entered into an Exclusive Call Option Agreement and an Equity Interest Pledge Agreement dated April 8, 2010;

17.                               MEI Xiurong has issued a Power of Attorney to Party A dated April 8, 2010;

18.                               Party A, Party C and Party D have entered into an Equity Interest Pledge Agreement dated April 8, 2010;

19.                               Party A and Party B have entered into respective Agreement with each member of Party D dated May 10, 2010; and

20.                               Each of the Parties has signed other agreements and documents in respect of the foregoing agreements.

 

WHEREAS, MEI Yongkai and MEI Xiurong have borrowed from Party C an aggregate outstanding amount of RMB48,654,346 (the “Borrowing”) as of the date of this Agreement.

 

WHEREAS, Party B is a NASDAQ listed company.  As of the date of this Agreement, MEI Yongkai and MEI Xiurong are holding an aggregate of 659,730 ordinary shares of Party B through the BVI companies (SUNDREAM HOLDINGS LIMITED and SMART ASIA HOLDINGS LIMITED, collectively “BVI Companies”) owned by them.

 

The Parties agree as follows through negotiations:

 

1.                                      Termination

 

Each of the Parties hereby agrees to terminate all Controlling Agreements as of the date of this Agreement.

 

2.                                      Waiver of Obligations

 

Upon execution of this Agreement, no Party shall be held liable by any other Party for any obligations and duties under any of the Controlling Agreements.  Each of the Parties acknowledges that it has not made any claim against any other Party arising from or in connection with any of its rights or obligations under any Controlling Agreements.

 

Each of the Parties acknowledges and agrees to terminate the Controlling Agreements without payment of any indemnities, expenses or any other costs from any other Party.

 

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Each of Party A, Party B, Party C, MEI Yongkai and MEI Xiurong hereby confirm that it has not made any claim against SHA Yong, YING Huiling and YIN Hao in their respective capacity as shareholder or employee of Party C or in respect of their respective activities during the term of the Controlling Agreements.  Upon termination of the Controlling Agreements, each of Party A, Party B, Party C, MEI Yongkai and MEI Xiurong agrees to waive any liability or obligation of SHA Yong, YING Huiling and YIN Hao arising from or in connection with their respective capacity as shareholder or employee of Party C which has or could occur during the term of the Controlling Agreements.

 

3.                                      Subsequent Matters

 

3.1                               Party C hereby waives the Borrowing at an aggregate outstanding amount of RMB48,654,346 by MEI Yongkai and MEI Xiurong.

 

3.2                               Each of Party C and Party D shall immediately submit application to competent industrial and commercial administration to cancel the equity interest registration under each of the Equity Interest Pledge Agreements.  Party A shall return to each of Party D the register of members and the original capital contribution certificate respectively, if available.

 

3.3                               Upon cancellation of the equity interest registration contemplated under Section 3.2, each of SHA Yong, YING Huiling and YIN Hao shall transfer all of their respective equity interests in Party C to MEI Yongkai at the lowest price permitted under the laws of the People’s Republic of China.  Upon completion of the transfer of equity interests, none of SHA Yong, YING Huiling and YIN Hao will have any rights or obligations as shareholder of Party C.  Each of SHA Yong, YING Huiling and YIN Hao shall also grant their respective price received from such equity interest transfer to Party A or any individual or organization designated by Party A without consideration.

 

3.4                               Each of MEI Yongkai and MEI Xiurong agrees to dispose all of the 659,730 ordinary shares of Party B held by the BVI Companies according to the arrangement of Party B in such manner permitted under applicable laws, including without limitation procuring BVI Companies to convert all of the 659,730 ordinary shares of Party B into the American Depository Shares (the “ADSs”) which are tradable in public markets in the U.S. as required by the depository bank of Party B, Party B’s insider trading policies and applicable laws, or to transfer such ordinary shares to any individual or organization designated by Party A.  Upon such disposition or transfer, Party B will amend its register of members to reflect that none of MEI Yongkai, MEI Xiurong or their respective BVI Companies holds any stock of Party B.

 

3.5                               Upon completion of the obligations under Section 3.4, each of MEI Yongkai and MEI Xiurong shall immediately submit application to competent foreign currency administration to cancel their respective foreign currency registration for overseas investment by individuals in connection with their investment in Party B.  Each of MEI Yongkai and MEI Xiurong shall and shall procure BVI Companies to execute all documents, take any actions, and provide full cooperation necessary to

 

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complete such cancellation procedures under arrangement made by Party B according to requirements of foreign currency administration.

 

3.6                               Each of MEI Yongkai and MEI Xiurong shall execute all documents, take any actions, and provide full cooperation necessary to ensure performance of any of its obligations under this Agreement.

 

3.7                               Upon termination of the Controlling Agreements, none of the unperformed provisions thereunder remains performable.

 

4.                                      Effective Date

 

This Agreement shall be effective immediately upon the signing of each of the Parties.

 

5.                                      Governing Law and Dispute Resolution

 

Any and all matters relating to this Agreement and its interpretation and performance shall be governed by the laws of the People’s Republic of China.  Any dispute relating to this Agreement, including without limitation its existence, validity and termination, shall be resolved through friendly negotiations.  If the dispute fails to be resolved within 30 days after delivery of the request for friendly negotiations by any Party to one or more of the other Parties in writing, any Party may elect to submit the dispute to arbitration by Beijing Arbitration Commission in accordance with its arbitration rules then in effect.  The arbitration proceedings shall be in Chinese.  The arbitrary award shall be final and binding upon each Party.

 

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IN WITNESS WHEREOF, the Parties have caused their respective authorized representatives to execute this Agreement as of the date first above written.

 

 

	
ChinaCache Network Technology   (Beijing) Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ WANG Song
    	
 
    
	
Name: WANG Song
    	
 
    
	
Title: Legal   Representative
    	
 
    
	
Seal: /seal/
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
ChinaCache International   Holdings Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ WANG Song
    	
 
    
	
Name: WANG Song
    	
 
    
	
Title: Chairman   and Chief Executive Officer
    	
 
    
	
Seal:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Shanghai JNet Telecom   Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ SHA Yong
    	
 
    
	
Name: SHA Yong
    	
 
    
	
Title: Legal   Representative
    	
 
    
	
Seal: /seal/
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
YING Huiling
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ YING Huiling
    	
 
    
	
Name: YING Huiling
    	
 
    
	
 
    	
 
    
	
SHA Yong
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ SHA Yong
    	
 
    
	
Name: SHA Yong
    	
 
    
	
 
    	
 
    
	
YIN Hao
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ YIN Hao
    	
 
    
	
Name: YIN Hao
    	
 
    

 

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MEI Yongkai
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ MEI Yongkai
    	
 
    
	
Name: MEI Yongkai
    	
 
    
	
 
    	
 
    
	
MEI Xiurong
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ MEI Xiurong
    	
 
    
	
Name: MEI Xiurong
    	
 
    

 

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