Document:

Exhibit 10.45

 

Dated 23 August 2011

 

(1)                                          Trilogic Investments Limited (“Mortgagor”)

 

and

 

(2)                                          Action King Limited (“Mortgagee”)

 

	
 
    
	
Share Mortgage
    
	
 
    
	
Relating to Shares   in the Capital of VODone Limited
    
	
 
    

 

 

 

THIS DEED is made on the  23 August 2011

 

BETWEEN:

 

(1)                                          Trilogic Investments Limited whose registered office is at OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands  (the “Mortgagor”); and

 

(2)                                          Action King Limited whose registered office is at  P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands (the “Mortgagee”).

 

WHEREAS:

 

(A)                                        Pursuant to a share purchase agreement dated 29 December 2010 (the “Agreement”) by and among the Mortgagor, CMHJ Technology Fund II, L.P., Natixis Ventech China AB (collectively, the “Vendors”), the Mortgagee, VODone (as defined below), the Company (as defined below) and others whereby, inter alia, the Mortgagee has agreed to purchase from the Vendors, in total, 70% of the fully paid up issued share capital of the Company as at the date thereof upon the terms contained therein;

 

(B)                                        Pursuant to the Agreement, the Mortgagor has agreed to pledge the Locked-up Shares (as defined below) and 2,054,794 issued shares of the Company, representing 30% of the Company’s total issued shares as of the date thereof, to the Mortgagee for securing the Mortgagor’s obligations under the Agreement;

 

(C)                                        On the date hereof, the Mortgagor, the Mortgagee, CMGE (as defined below) and VODone (as defined below) have entered into a share swap agreement (“Share Swap Agreement”) pursuant to which, among others, the Mortgagor has agreed to sell 2,054,794 issued shares of the Company to CMGE to be satisfied by CMGE allotting and issuing 25,800,000  shares of US$0.001  each in the share capital of CMGE;

 

(D)                                        Consequently, pursuant to Share Swap Agreement, the Mortgagor has agreed to enter into this Share Mortgage as security for the performance of its obligations under the Agreement on the terms set out hereinafter.

 

NOW THIS DEED WITNESSES as follows:

 

1.                                               INTERPRETATION

 

1.1                                        Definitions and Construction

 

In this Deed, unless the context requires otherwise:

 

2

 

	
 
    	
“Agreement”
    	
 
    	
the share purchase   agreement dated 29 December 2010   by and among the Vendors, the Mortgagee, VODone, the Company and others   whereby, inter alia, the Mortgagee has agreed to purchase from the Vendors   70% of the issued share capital in the Company as at the date thereof, as   amended, varied, modified or restated from time to time;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“CMGE”
    	
 
    	
China Mobile Games   and Entertainment Group Limited, a limited liability company incorporated in   the Cayman Islands having its registered office at P.O. Box 309, Ugland House, Grand   Cayman, KY1-1104, Cayman Islands;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Company”
    	
 
    	
3GUU Mobile Entertainment   Industrial Co., Ltd, a company incorporated in the British Virgin Islands   whose registered address is at OMC Chambers Wickhams Cay 1, Road Town,   Tortola, British Virgin Islands;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Consideration”
    	
 
    	
the Consideration Shares and the cash consideration payable to the   Mortgagor by the Mortgagee under clause 4 of the Agreement;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Consideration   Shares”
    	
 
    	
68,600,000 VODone   Shares to be allotted and issued by VODone to the Mortgagor under clause 4.3   of the Agreement;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Dividends”
    	
 
    	
all dividends,   interest and other sums which are or may become payable to the Mortgagor (or   its nominee) in its capacity as holder of the Shares and includes:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(a)
    	
the right to   receive any and all such sums and the right to the benefit of all claims in   respect of any default in paying such sums; and
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
(b)
    	
all forms of   remittance of such sums and any bank or other account to which such sums may   be paid or credited;
    

 

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“Event   of Default”
    	
 
    	
any breach by the   Mortgagor of any of its obligations under the Agreement;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“First   Release Date”
    	
 
    	
the date which   falls within 30 days after the date the audited accounts of the Company for   the 2011 financial year are issued by the Company’s auditors;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“HK$”
    	
 
    	
Hong Kong dollar,   the lawful currency of Hong Kong;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Hong   Kong”
    	
 
    	
the Hong Kong   Special Administrative Region of the People’s Republic of China;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Last   Release Date”
    	
 
    	
the date which   falls within 30 days after the date the audited accounts of the Company for   the 2013 financial year are issued by the Company’s auditors;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Lock-up   Restrictions”
    	
 
    	
the restrictions   imposed under clause 4.4 of the Agreement;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Locked-up   Shares”
    	
 
    	
the Consideration   Shares subject to the Lock-up Restrictions, being (i) 48,020,000 VODone   Shares at the date hereof up to and including the First Release Date, (ii)   27,440,000 VODone Shares for the period from the date immediately after the   First Release Date up to and including the Second Release Date and (iii) 13,720,000   VODone Shares for the period from the date immediately after the Second   Release Date up to and including the Last Release Date;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Parties”
    	
 
    	
the Mortgage and   the Mortgagee; and “Party”   means any of them;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Power   of Attorney”
    	
 
    	
the power of   attorney as set out in Clause 11 of this Deed;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Second   Release Date”
    	
 
    	
the date which   falls within 30 days after the date the audited accounts of the Company for   the 2012 financial year are issued by the Company’s auditors;
    

 

4

 

	
 
    	
“Secured   Obligations”
    	
 
    	
all obligations   (now or at any time hereafter arising) of the Mortgagor under the Agreement;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Share   Swap Agreement”
    	
 
    	
the share swap   agreement entered into by the Mortgagor, the Mortgagee, CMGE and VODone on   the date hereof, pursuant to which, among others, the Mortgagor has   agreed to sell2,054,794 issued shares of the Company to CMGE to be satisfied   by CMGE allotting and issuing25,800,000 shares of US$0.001  each in the share capital of CMGE;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Shares”
    	
 
    	
the Locked-up   Shares from time to time and, where the context permits, include the   Dividends and those stocks, shares, rights, monies and other property   referred to in Clause 2.5;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“Transfer   Forms”
    	
 
    	
an instrument of   transfer in respect of the Shares (in the form annexed hereto as Appendix A   or in a form substantially similar thereto), duly executed in blank;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“US$”
    	
 
    	
United States   dollar, the lawful currency of the United States;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“VODone”
    	
 
    	
VODone Limited, a   limited liability company incorporated in Bermuda whose shares are listed on   the Main Board of The Stock Exchange of Hong Kong Limited; and
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
“VODone   Shares”
    	
 
    	
ordinary shares of   HK$0.01 each in the capital of VODone.
    

 

1.2                                        Successors and Assigns

 

The expressions “Mortgagor” and “Mortgagee” shall where the context permits include their respective successors and permitted assigns and any persons deriving title under them.

 

1.3                                        Miscellaneous

 

In this Deed, unless the context requires otherwise:

 

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1.3.1                                       references to statutory provisions shall be construed as references to those provisions as replaced, amended, modified or re-enacted from time to time;

 

1.3.2                                       words importing the singular include the plural and vice versa and words importing a gender include every gender;

 

1.3.3                                       references to this Deed or the Agreement shall be construed as references to such document as the same may be amended or supplemented from time to time hereafter; and

 

1.3.4                                       unless otherwise stated, references to Clauses are to clauses of this Deed.  Clause headings are inserted for reference only and shall be ignored in construing this Deed.

 

2.                                               MORTGAGE OF SHARES

 

2.1                                        Mortgage

 

In consideration of the Mortgagee paying the Consideration to the Mortgagor upon the terms and conditions of the Agreement, the Mortgagor as beneficial owner, mortgages, charges and assigns by way of first fixed charge the Shares to the Mortgagee as a continuing security for the due and punctual performance and observance by the Mortgagor of all the obligations of the Mortgagor contained in the Agreement.

 

2.2                                        Deposit of Documents and Notice to Nominee

 

For the purpose of enabling the Mortgagee to exercise its rights under this Deed, the Mortgagor undertakes forthwith upon the execution of this Deed to deposit, or procure that there be deposited with the Mortgagee the certificates in respect of the Shares together with Transfer Forms in respect thereof, duly executed in blank (and the Mortgagee being hereby irrevocably authorised to complete the Transfer Forms with all necessary particulars) and such other documents as the Mortgagee may from time to time reasonably require for perfecting its title to the Shares.

 

2.3                                        Further Assurances

 

For the purpose of securing the Mortgagee’s interest in the Shares and the performance of the Secured Obligations, the Mortgagor shall assist the Mortgagee and take all steps within its power necessary to register the Shares in the Mortgagee’s name or any other name that the Mortgagee may from time to time direct or to perfect the title of the Mortgagee to the Shares or any of them, or to vest or enable the Mortgagee to vest the Shares in the Mortgagee (or its 

 

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trustees or nominees) or any purchaser, or to exercise any right attaching to the Shares or any of them.

 

2.4                                        Registration in Name of Mortgagee  or its Nominee

 

For the purpose of securing the Mortgagee’s interest in the Shares and the performance of the Secured Obligations, the Mortgagor agrees that at any time the Mortgagee may, at the cost of the Mortgagor, register the Shares or any part thereof in the name of the Mortgagee or its nominee.

 

2.5                                        Dividends and Accretions

 

This Deed shall extend to and include all Dividends (other than those paid to the Mortgagor under Clause 6.1.1) and all stocks, shares (and the Dividends in respect thereof), rights, monies or other property accruing or offered at any time by way of redemption, substitution, bonus, preference, option or otherwise to or in respect of any of the Shares and all allotments, accretions, offers, rights, benefits and advantages whatsoever at any time accruing, made, offered or arising in respect of any of the same and all further shares in the capital of VODone issued subsequent hereto provided that nothing herein shall be construed as placing on the Mortgagee any liability whatsoever in respect of such aforesaid property.  If the Mortgagor shall acquire any such other stocks or shares as aforesaid, it shall forthwith deliver or procure that there be delivered to the Mortgagee the certificates in respect thereof together with Transfer Forms in respect thereof duly executed in blank (and the Mortgagee being hereby irrevocably authorised to complete the Transfer Forms with all necessary particulars) to enable the same to be registered in the name of the Mortgagee or its nominee.

 

2.6                                       No Liability for Calls

 

Nothing in this Deed shall be construed as placing on the Mortgagee any liability whatsoever in respect of any calls, instalments or other payments relating to any of the Shares or any rights, shares or other securities accruing, offered or arising as aforesaid, and the Mortgagor shall indemnify the Mortgagee in respect of all calls, instalments or other payments relating to any of the Shares and to any rights, shares and other securities accruing, offered or arising as aforesaid in respect of any of the Shares.

 

2.7                                        Discharge

 

Upon the discharge of the Secured Obligations, the Mortgagee shall forthwith discharge (and do and procure to be done all acts and things within its power or control to effect the discharge of) the security created by this Deed.

 

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3.                                               CONTINUING SECURITY

 

This Deed shall be a continuing security and shall remain in full force and effect until the Secured Obligations have been satisfied in full, notwithstanding the insolvency or liquidation or any incapacity or change in the constitution or status of the Mortgagor or any other person or any intermediate settlement of account or other matter whatsoever.  This Deed is in addition to, and independent of, any charge, guarantee or other security or right or remedy now or at any time hereafter held by or available to the Mortgagee.

 

4.                                               REPRESENTATIONS AND WARRANTIES

 

4.1                                        The Mortgagor hereby represents and warrants to the Mortgagee that:

 

4.1.1                                       the Mortgagor is the beneficial owner of the Shares which are fully paid up and free from any encumbrances other than the mortgage created hereunder;

 

4.1.2                                       the Mortgagor has good right and title to deposit, mortgage and/or pledge the Shares subject to the mortgage created hereunder;

 

4.1.3                                       this Deed and the Power of Attorney will constitute legal valid and binding obligations of the Mortgagor, in accordance with its terms;

 

4.1.4                                       the execution, delivery and performance of this Deed and the Power of Attorney will not exceed the power granted to the Mortgagor, or violate any provisions of:

 

4.1.4.1                                                any law or regulation in any order or decree of any government authority, agency or court to which it is subject;

 

4.1.4.2                                                the Mortgagor’s Memorandum and Articles of Association;

 

4.1.4.3                                                any mortgage, contract or other undertaking or instrument to which the Mortgagor is a party or which is binding upon it or any of its assets; and

 

4.1.4.4                                                any limitation imposed on borrowing and/or charging by the Mortgagor;

 

4.1.5                                       this Deed is enforceable under the laws of Hong Kong and that all consents, approvals, authorisations, orders and exemptions of any authority, department or agency which are required for or in connection with the execution, delivery, performance, legality or enforceability of this Deed and the Power of Attorney have been obtained and are in full force and effect;

 

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4.1.6                                       the Mortgagor is not in default under any agreement to which it is a party or by which it may be bound and no litigation, arbitration or administrative proceedings are presently current or pending or threatened which default, litigation arbitration or administrative proceedings, as the case may be, might materially affect its ability to perform its obligations under this Deed or the Power of Attorney, as the case may be; and

 

4.1.7                                       the Mortgagor hereby acknowledges that the Mortgagee has entered into this Deed in full reliance of the aforesaid representations and warranties, which will be correct and complied with in all respects so long as this Deed shall remain in force, and each of the above representations and warranties will be correct and complied with in all respects so long as the Secured Obligations remains outstanding.

 

5.                                               POWER OF SALE

 

5.1                                        Enforceability

 

Upon the occurrence of an Event of Default, the Mortgagee or its nominee may, after giving written notice to the Mortgagor, sell or dispose of all or any part of the Shares, and may apply the proceeds of any such sale or disposition in or towards the discharge of the costs thereby incurred and of the Secured Obligations in such manner as it in its absolute discretion thinks fit.

 

5.2                                        Sale of Shares

 

Subject to Clause 5.1 above, the Mortgagee shall be entitled to exercise such power of sale in such manner and at such time or times and for such consideration (whether payable immediately or by instalments) as it shall in its absolute discretion think fit (whether by private sale, public auction or otherwise) and so that the Shares (or any relevant part thereof) may be sold (i) subject to any conditions which the Mortgagee may think fit to impose and, (ii) to any person (including any person connected with the Mortgagor, the Company or the Mortgagee).  Neither the Mortgagee nor its nominee shall be liable for any loss or damage incurred by any such sale or disposal.

 

5.3                                        Dividends

 

At any time after the power of sale has arisen, any Dividends which have been or may be received or receivable by the Mortgagee or any nominee of the Mortgagee may be applied by the Mortgagee as though they were proceeds of sale hereunder.

 

5.4                                        Purchaser Not Bound to Enquire

 

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The Mortgagee is authorised to give a good discharge for any moneys received by it pursuant to the exercise of its power of sale and a purchaser shall not be bound to enquire whether the power of sale has arisen as herein provided nor be concerned with the manner of application of the proceeds of sale.

 

6.                                               DIVIDENDS AND VOTING RIGHTS

 

6.1                                        If the Shares or any of them are registered in the name of the Mortgagor or its nominee, any Dividends received shall be deposited in a bank account in the joint names of the Mortgagor and the Mortgagee, and the Mortgagee agrees with the Mortgagor that, unless an Event of Default or prospective Event of Default occurs:

 

6.1.1                                       subject to Clause 10, the Mortgagee shall hold the Dividends for the account of the Mortgagor in accordance with its entitlement thereto and shall pay such Dividends accrued from the relevant number of the Locked-up Shares to the Mortgagor at the same time as such number of the Locked-up Shares are released to the Mortgagor in accordance with clause 4.4 of the Agreement; and

 

6.1.2                                       subject to the Lock-up Restrictions, the Mortgagor may exercise all voting and other rights and powers attaching to the Shares.

 

6.2                                        Upon the occurrence of a failure by the Mortgagor to pay, perform, or observe the Secured Obligations in accordance with the terms and conditions of the Agreement, the Mortgagor irrevocably authorises the Mortgagee to sign on its behalf any proxies or other documents which the Mortgagee may require to enable the Mortgagee to exercise such voting and other rights and powers attaching to the Shares.

 

7.                                               UNDERTAKINGS AND COVENANTS

 

7.1                                        The Mortgagor undertakes that for so long as the Agreement remains in existence it will:

 

7.1.1                                       promptly deliver or cause to be delivered to the Mortgagee all notices and other communications which the Mortgagor may receive in respect or in connection with the Shares;

 

7.1.2                                       pay to the Mortgagee upon demand, the amount of all expenses which the Mortgagee may incur in or with a view to perfecting or enforcing this Deed or otherwise in connection herewith;

 

7.1.3                                       promptly pay all calls and other payments which may become due in respect of any of the Shares; and

 

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7.1.4                                       not at any time create, assume or permit to arise or subsist any encumbrance whatsoever on any or all of the Shares or transfer, sell or otherwise howsoever deal with the Shares except pursuant hereto.

 

7.2                                        The Mortgagor covenants with the Mortgagee that:

 

7.2.1                                       it will not, without the prior written consent of the Mortgagee, sell, transfer or deal with, or agree (conditionally or unconditionally) to sell, transfer or deal with any of the Shares or any interest in them during the continuance of this Deed; and

 

7.2.2                                       it will not, without the prior written consent of the Mortgagee, create or permit to subsist any mortgage, pledge, lien, charge, assignment by way of security, hypothecation, letter of trust, security interest or any other security agreement or arrangement existing or future upon the Shares or any of them to secure any liability (actual or contingent) except as constituted by this Deed or grant any right or interest in or over the Shares or any of them.

 

8.                                               TAXES AND OTHER DEDUCTIONS

 

All sums payable by the Mortgagor under this Deed shall be paid in full without set-off or counterclaim or any restriction or condition and free and clear of any tax or other deductions or withholdings of any nature.

 

9.                                               COSTS, CHARGES AND EXPENSES

 

9.1                                        The Mortgagor shall be responsible for all stamp duty and registration fees and/or other statutory costs which may be payable for the purpose of properly securing the interests of the Mortgagee under this Deed or the Power of Attorney.

 

9.2                                        All legal and other costs and expenses incurred in connection with the preparation, negotiation and settlement of this Deed shall be for the account of the Mortgagor and the Mortgagor agrees to pay those costs and expenses to the Mortgagee on demand.

 

9.3                                        The Mortgagor agrees to pay or reimburse the Mortgagee on demand for the costs, charges and expenses of the Mortgagee in connection with any consent, exercise or non-exercise of rights, (including, without limitation, in connection with the contemplated or actual enforcement or preservation of any rights under documents in connection with this Deed) or any waiver, variation, release, discharge or production of title documents in connection with this Deed or the Shares.  Anything which the Mortgagor is required to do under this Deed must be done at the Mortgagor’s cost.

 

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10.                                        SUSPENSE ACCOUNT

 

The Mortgagee may place and keep any monies received by virtue of this Deed (whether before or after the insolvency or liquidation of the Mortgagor) to the credit of a suspense account for so long as the Mortgagee may think fit in order to preserve the rights of the Mortgagee to sue or prove for the whole amount of its claims against the Mortgagor or any other person.

 

11.                                        POWER OF ATTORNEY

 

The Mortgagor hereby irrevocably and by way of security appoints the Mortgagee or its nominee to be its attorney, in its name and on its behalf, to make any alteration or addition as the Mortgagee may require for perfecting its title to the Shares, or any of them, or for vesting or enabling it to vest the Shares in the Mortgagee or any purchaser and otherwise to execute, seal and deliver and otherwise perfect and do any such transfers and other documents and all such deeds, assurances, agreements, instruments, acts and things which may be lawfully required for the full exercise of any of the powers hereby confessed or which may be deemed proper in or in connection with any sale, dispositions or other realisation of the Shares, or any of them.  The Mortgagor hereby ratifies and confirms and agrees to ratify and confirm any instrument, act or thing which any such attorney may lawfully execute or lawfully do.

 

12.                                        PRESERVATION OF THE MORTGAGEE’S RIGHTS

 

12.1                                 The liabilities under this Deed of the Mortgagor and the rights under this mortgage of the Mortgagee, or an attorney appointed under this Deed are not affected by:

 

12.1.1                                the Mortgagee or another person granting time or other indulgence (with or without the imposition of an additional burden) to, compounding or compromising with, or wholly or partially releasing the Mortgagor or another person in any way;

 

12.1.2                                invalidity or unenforceability of any of the obligations or liabilities of the Mortgagor under the Agreement and/or the Share Swap Agreement;

 

12.1.3                                invalidity or irregularity in the execution of this Deed, the Agreement or the Share Swap Agreement by the Mortgagor or any deficiency in the powers of the Mortgagor to enter into or observe its obligations under this Deed, the Agreement or the Share Swap Agreement;

 

12.1.4                                any other charge, guarantee or other security or right or remedy being or becoming held by or available to the Mortgagee or by any of the same being or becoming wholly or partly void, voidable, unenforceable

 

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or impaired or by the Mortgagee at any time releasing, refraining from enforcing, varying or in any other way dealing with any of the same or any power, right or remedy the Mortgagee may now or hereafter have from or against the Mortgagor or any other person or the granting of any time or indulgence to the Mortgagor or any other person;

 

12.1.5                                any variation or modification of the Agreement, the Share Swap Agreement or any other document referred to therein; and/or

 

12.1.6                                any act, omission, event or circumstance which would or may but for this provision operate to prejudice, affect or discharge this Deed or the liability of the Mortgagor hereunder.

 

13.                                        WAIVER AND SEVERABILITY

 

No failure or delay by the Mortgagee in exercising any right, power or remedy hereunder shall impair such right, power or remedy or operate as a waiver thereof, nor shall any single or partial exercise of the same preclude any further exercise thereof or the exercise of any other right, power or remedy.  The rights, powers and remedies herein provided are cumulative and do not exclude any other rights, powers and remedies provided by law.  If at any time any provision of this Deed is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, the legality, validity and enforceability of such provision under the law of any other jurisdiction, and of the remaining provisions of this Deed, shall not be affected or impaired thereby.

 

14.                                        NOTICES

 

14.1                                 Delivery

 

Each notice, demand or other communication to be given or made under this Deed shall be in writing and delivered or sent to the relevant party at its address or fax number set out below (or such other address or fax number as the addressee has by five (5) days’ prior written notice specified to the other party):

 

To the Mortgagor:

 

	
Address
    	
:
    	
Room 1905, 2 Li   Yang Street, Tian He District, Guangzhou, China
    
	
 
    	
 
    	
 
    
	
Fax number
    	
:
    	
+86 20 8561 3455
    
	
 
    	
 
    	
 
    
	
Attention
    	
:
    	
Board of directors
    

 

To the Mortgagee:

 

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Address
    	
:
    	
Room 3006,   Gloucester Tower, The Landmark, 11 Pedder Street, Central, Hong Kong
    
	
 
    	
 
    	
 
    
	
Fax number
    	
:
    	
+852 2869 8960
    
	
 
    	
 
    	
 
    
	
Attention
    	
:
    	
Board of directors
    

 

14.2                                 Deemed Delivery

 

Any notice, demand or other communication so addressed to the relevant party shall be deemed to have been delivered (a) if given or made by letter, when actually delivered to the relevant address, and (b) if given or made by fax, when despatched and the facsimile transmission was confirmed as sent by the originating machine.

 

15.                                        GOVERNING LAW AND JURISDICTION

 

This Deed and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of Hong Kong and the Parties hereby irrevocably submit to the non-exclusive jurisdiction of the courts of Hong Kong.

 

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IN WITNESS WHEREOF this Deed has been executed by the Parties and is intended to be and is hereby delivered on the day and year first above written.

 

 

	
THE   MORTGAGOR
    	
)
    	
 
    	
For and on behalf of
    
	
 
    	
)
    	
 
    	
Trilogic Investments Limited
    
	
THE COMMON SEAL of
    	
)
    	
 
    	
(Sd.) WANG Yongchao
    
	
Trilogic   Investments Limited
    	
)
    	
 
    	
Authorised Signature(s)
    
	
was affixed to   this Deed
    	
)
    	
 
    	
 
    
	
in the presence   of:
    	
)
    	
 
    	
 
    

 

 

	
THE   MORTGAGEE
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
THE COMMON SEAL of
    	
)
    	
 
    	
For and on behalf of
    
	
Action   King Limited
    	
)
    	
 
    	
Action King Limited
    
	
was affixed to   this Deed
    	
)
    	
 
    	
(Sd.) Hendrick SIN
    
	
in the presence   of:
    	
)
    	
 
    	
Authorised Signature(s)
    
	
(Sd.) YAN Man Sing Frankie
    	
 
    	
 
    	
 
    

 

 

APPENDIX A

 

INSTRUMENT OF TRANSFER

 

We, Trilogic Investments Limited of OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands (hereinafter called the “Transferor”) in consideration of                                                                                         

                                                                                                                                                       

                                                                                                                                                       

paid to us by

                                                                                                                                                       

                                                                                                                                                       

(hereinafter called the “Transferee”), do hereby transfer to the said Transferee                                     ordinary shares standing in our name in the Register of VODone Limited to hold unto the said Transferee, its Executors, Administrators or Assigns, subject to the several conditions upon which we hold the same at the time of execution hereof.

 

And the said Transferee hereby agrees to take the said shares subject to the same conditions.

 

 

	
Witness to our hands the
    	
day of
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness   to the signature of
    	
  )
    	
For and on behalf of
    
	
 
    	
  )
    	
Trilogic Investments Limited
    
	
Signature:  
    	
 
    	
  )

  )
    	
 
    
	
Name: 
    	
 
    	
  )
    	
 
    
	
Address: 
    	
 
    	
  )
    	
(Sd.) WANG Yongchao
    
	
 
    	
 
    	
  )
    	
Director
    
	
 
    	
 
    	
  )
    	
(TRANSFEROR)
    
	
 
    	
 
    	
 
    	
 
    
	
Witness to the signature of
    	
  )
    	
For and on   behalf of
    
	
 
    	
 
    	
  )
    	
 
    
	
Signature:  
    	
 
    	
  )

  )
    	
 
    
	
Name:
    	
 
    	
  )
    	
 
    
	
Address:
    	
 
    	
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Director
    
	
 
    	
 
    	
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(TRANSFEREE)Exhibit 10.46

 

Dated 23 August 2011

 

(1)              Trilogic Investments Limited

(2)              CMHJ Technology Fund II, L.P.

(3)              Natixis Ventech China AB

(4)              Action King Limited

(5)              3GUU Mobile Entertainment Industrial Co., Ltd

(6)              王永超

(7)              郑锋

(8)              梁德

(9)              VODone Limited 

 

 

Amendment Deed

 

Relating to the Share Purchase Agreement dated 29 December 2010

 

 

 

THIS AMENDMENT DEED is made on the 23 August 2011

 

BETWEEN:

 

(1)              Trilogic Investments Limited whose registered office is at OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands  (“Trilogic”);

 

(2)              CMHJ Technology Fund II, L.P. whose registered office is at P.O. Box 2636 GT, Strathvale House, 90 North Church Street, Grand Cayman, Cayman Islands  (“CMHJ”);

 

(3)              Natixis Ventech China AB whose registered office is at Drottninggatan 25, P.O. Box 16285 103 92 Stockholm, Sweden  (“NVC”);

 

(4)              Action King Limited a limited liability company incorporated in British Virgin Islands having its registered office at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands  (“Action King”);

 

(5)              3GUU Mobile Entertainment Industrial Co., Ltd whose registered office is at OMC Chambers Wickhams Cay 1, Road Town, Tortola, British Virgin Islands (the “Company”);

 

(6)              王永超(holder of People’s Republic of China Identity Card No. 440823197306096917  ) of Room 1905, 2 Li Yang Street, Tian He District, Guangzhou, China   (“Mr. Wang”);

 

(7)              郑锋(holder of People’s Republic of China Identity Card No. 44080119730802031X  ) of 15/F., Block A, Jian Hua Building, 233 Tian Fu Road, Tian He District, Guangzhou, China   (“Mr. Zheng”)

 

(8)              梁德  (holder of People’s Republic of China Passport No. G37483297  ) of Room 401, 118 Zhong Shan Da Dao Zhong, Tian He District, Guangzhou, China   (“Mr. Liang”); and

 

(9)              VODone Limited whose registered office is at  Canon’s Court, 22 Victoria Street, Hamilton HM12, Bermuda (“VODone”).

 

(Trilogic, CMHJ, NVC, Action King, the Company, Mr. Wang, Mr. Zheng, Mr. Liang and VODone, together the “Parties”, and a “Party” means anyone of them).

 

WHEREAS:

 

(A)             Pursuant to a share purchase agreement dated 29 December 2010 (the “Agreement”) by and among the Parties whereby, inter alia, Action King agreed to purchase from Trilogic, CMHJ and NVC, in total, 70% of the fully paid up issued share capital of the Company as at the date thereof upon the terms contained therein;

 

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(B)             On the date hereof, Trilogic, Action King, China Mobile Games and Entertainment Group Limited, a limited liability company incorporated in the Cayman Islands having its registered office at P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (“CMGE”) and VODone have entered into a share swap agreement (“Share Swap Agreement”) pursuant to which, among others, Trilogic has agreed to sell 2,054,794  issued shares of the Company to CMGE, to be satisfied by CMGE allotting and issuing to Trilogic 25,800,000  shares of US$0.001  each in the share capital of CMGE;

 

(C)             Pursuant to the Share Swap Agreement, Trilogic has agreed to enter into a share mortgage dated the date hereof in respect of 48,020,000  shares of VODone (“Share Mortgage”) as security for the performance of its obligations under the Agreement; and

 

(D)             It is therefore the intention of the Parties to amend the Agreement according to the terms herein.

 

NOW IT IS HEREBY AGREED as follows:

 

1.                DEFINITIONS

 

1.1             Terms defined and aids to construction used in the Agreement will bear the same meaning or construction when used in this Amendment Deed unless the context otherwise requires.

 

2.                AMENDMENTS

 

2.1             With effect from the date hereof and subject to the simultaneous execution of the Share Swap Agreement and the Share Mortgage, the Parties agree that the Agreement be read and construed as if the following applied:

 

2.1.1             “Beauty Wave” shall be defined under the definition section in clause 1 of the Agreement as follows:

 

“指Beauty Wave Limited, 为一家于英属处女群岛成立的有限责任公司”;

 

2.1.2             “China Wave” shall be defined under the definition section in clause 1 of the Agreement as follows:

 

“指China Wave Group Limited, 为一家于英属处女群岛成立的有限责任公司”;

 

2.1.3             “CMGE” shall be defined under the definition section in clause 1 of the Agreement as follows:

 

“指  China Mobile Games and Entertainment Group Limited, 为一家于开曼群岛注册成立的有限责任公司,其注册地址为 P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands”;

 

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2.1.4             “OWX HK” shall be defined under the definition section in clause 1 of the Agreement as follows:

 

“指OWX Hong Kong Limited, 为一家于香港注册成立的有限责任公司”;

 

2.1.5             “股份互换协议” shall be defined under the definition section in clause 1 of the Agreement as follows:

 

“指买方, Trilogic Investments Limited, CMGE和第一视频于2011 年8 月23 日签订的股份互换协议”;

 

2.1.6             “则于审计完成后3个工作日内” in the last sentence of clause 4.4 of the Agreement shall be deleted and replaced by the following words: “则于审计完成后30个工作日内”;

 

2.1.7             “或买方或其被任命人” shall be added after the words “应交还第一视频” in clause 4.7.2.1 of the Agreement;

 

2.1.8             the first two sentences of clause 4.7.2.2 of the Agreement shall be deleted and replaced by the following:

 

“第一视频或买方或其被任命人届时有绝对权力以其认为合适的方法自由处理上述交还第一视频的代价股份(处理方式包括但不限于赎回、回购、取回或受让上述有关的代价股份或出售)以底偿有关差额。为此,Trilogic Investments Limited 现不可撤销地委托第一视频或买方或其被任命人作为其代理人,以处理因第4.7.2条需调整出售股份的代价时需作出的一切事宜,包括但不限于签署文件、出售该等代价股份及处理出售该等代价股份的所得的等。”;

 

2.1.9             the second sentence in clause 4.7.2.3 of the Agreement shall be deleted and replaced by the following:

 

“若 Trilogic Investments Limited余下的尚在限售期内的代价股份仍不足以补偿有关差额,则 Trilogic Investments Limited 将其所持有的股份互换协议的第3.4和3.5条锁定限制的CMGE股份权益(”该CMGE权益”)继续作为对买方的补偿,直至买方满意为止。该CMGE权益估值由第一视频自行决定。Trilogic Investments Limited将促使并提供一切所需协助让第一视频可自由处理或出售该CMGE权益以作为上述的补偿。”; and

 

2.1.10           the words “Dragon Joyce Group 及OWX Holding Co. Ltd.” in the clause 5.1 of the Agreement shall be deleted and replaced by “Beauty Wave, China Wave及  OWX HK”.

 

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3.                CONTINUING EFFECT

 

3.1             Each of the Parties agrees that except as amended and restated by this Amendment Deed, the provisions of the Agreement and their respective rights and obligations under the same will remain in full force and effect.

 

4.                MISCELLANEOUS

 

4.1             This Amendment Deed may be executed in any number of counterparts and this will have the same effect as if the signatures on the counterparts were on a single copy of this Amendment Deed.

 

5.                GOVERNING LAW AND SUBMISSION TO JURISDICTION

 

5.1             This Amendment Deed shall be governed by and construed in accordance with the laws of Hong Kong Special Administrative Region of the People’s Republic of China.

 

5.2             Each Party agrees to submit to the non-exclusive jurisdiction of the Courts of Hong Kong in respect of any proceedings in connection with this Amendment Deed.

 

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IN WITNESS WHEREOF this Amendment Deed has been duly executed and delivered as a deed by each of the Parties on the day and year first above written.

 

	
EXECUTED   AS A DEED and
    	
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For and on behalf of  
    
	
THE   COMMON SEAL of
    	
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Trilogic Investments Limited
    
	
 
    	
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(Sd.) WANG Yongchao
    
	
Trilogic Investments Limited
    	
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Authorised Signature(s)
    
	
was affixed to   this deed
    	
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in the presence   of:
    	
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EXECUTED   AS A DEED by
    	
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CMHJ   Technology Fund II, L.P.
    	
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in the presence   of:
    	
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EXECUTED   AS A DEED by
    	
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Natixis   Ventech China AB
    	
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in the presence   of:
    	
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EXECUTED   AS A DEED and
    	
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For and on behalf of
    
	
THE   COMMON SEAL of
    	
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Action King Limited
    
	
 
    	
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(Sd.) Hendrick SIN
    
	
Action King Limited
    	
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Authorised Signature(s)
    
	
was affixed to   this deed
    	
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in the presence of:
    	
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(Sd.) YAN Man Sing Frankie
    	
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EXECUTED   AS A DEED and
    	
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For and on behalf of
    
	
THE   COMMON SEAL of
    	
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3GUU Mobile Entertainment
    
	
 
    	
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Indutrial Co., Ltd
    
	
3GUU   Mobile Entertainment 
    	
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(Sd.) Hendrick SIN
    
	
Industrial   Co., Ltd
    	
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Authorised Signature(s)
    
	
was affixed to   this deed
    	
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in the presence   of:
    	
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(Sd.) YAN Man Sing Frankie
    	
 
    	
 
    	
 
    

 

 

	
SIGNED,   SEALED AND DELIVERED
    	
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(Sd.) WANG Yongchao 
    
	
王永超
    	
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(People’s   Republic of China Identity
    	
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Card   No. 440823197306096917)
    	
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in   the presence of:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
SIGNED,   SEALED AND DELIVERED
    	
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郑锋
    	
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(People’s   Republic of China Identity
    	
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Card   No 44080119730802031X)
    	
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in   the presence of:
    	
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SIGNED,   SEALED AND DELIVERED
    	
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(Sd.) LIANG De
    
	
梁德
    	
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(People’s   Republic of China Passport No.
    	
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G37483297 )
    	
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in   the presence of:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
EXECUTED   AS A DEED and
    	
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For and on behalf of
    
	
THE   COMMON SEAL of
    	
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VODone Limited
    
	
 
    	
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(Sd.) Hendrick SIN
    
	
VODone   Limited
    	
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Authorised Signature(s)
    
	
 
    	
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was affixed to   this deed
    	
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in the presence   of:
    	
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(Sd.) YAN Man Sing Frankie

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}]]