Document:

Exhibit 10.5

 

This is a translation of the original text in Chinese

 

Business Operation Agreement

 

This BUSINESS OPERATION AGREEMENT (this “Agreement”), dated November 15, 2006, is made in Shenzhen by and between:

 

Party A: Giganology (Shenzhen) Ltd.

 

Legal Address: 11th Floor, Shuguang Plaza, South District of High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC;

 

And

 

Party B: Shenzhen Xunlei Networking Technologies Co., Ltd.

 

Legal Address: 11th Floor East, Shuguang Plaza, Ke Ji Nan Shi Er Road, Nanshan District, Shenzhen, Guangdong, PRC

 

And

 

Party C:

 

(1)   Zou Shenglong, PRC resident ID number ####, with home address located at ####;

 

(2)   Cheng Hao, PRC resident ID number ####, with home address located at ####;

 

(3)   Wang Fang, PRC resident ID number ####, with home address located at ####;

 

(4)   Shi Jianming, PRC resident ID number ####, with home address located at ####; and

 

(5)   Guangzhou Shulian Information Investment Co., Ltd., business license No. ####, with registered address located at Room 404, 1069 Xiagang Avenue, Guanghzou Economy & Technology Development Zone, Guangdong, PRC.

 

(Collectively, the “Parties”)

 

WHEREAS:

 

1.             Party A is a duly registered and established wholly foreign owned enterprise in the People’s Republic of China (the “PRC”);

 

2.             Party B is a limited liability company registered and established in the PRC;

 

3.             Party A and Party B has established a business cooperation relationship by entering into the Software and Proprietary Technology License Agreement, Exclusive Technical Support and Services Agreement, Exclusive Technology Consulting and Training Agreement, Supplemental Agreement to Exclusive Technology Support and Services Agreement, and Supplemental Agreement to Exclusive Technology Consulting and Training Agreement; Party B will make certain payments to Party A under the above mentioned agreements. Therefore, the daily business operation of Party B will substantially affect its ability to pay to Party A.

 

4.             The individuals of Party C are Party B’s shareholder (“Shareholders”), which jointly hold 100% equity interests of Party B.

 

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NOW, THEREFORE, the Parties agree and intend to be bound as follows through friendly negotiations and in accordance with the principles of equality and mutual benefit:

 

1.             Obligations of Omission

 

In order to ensure Party B’s performance of all the aforesaid agreements entered into by it with Party A as well as Party B’s performance of all of its obligations thereunder, the Shareholders hereby confirm and agree that, unless consented by Party A, Party A’s parent company, or any other designated parties in advance, Party B will not conduct any transaction which might substantially affect Party B’s assets, business, employees, obligations, rights or operation, including with limitation:

 

1.1          to conduct any activity beyond the company’s business scope, or to conduct the business in a way different from the past adopted ways or normal ways operating business;

 

1.2          to borrow money from any third party, or become liable for any third party;

 

1.3          to change or fire any director of the company, or replace any senior management of the company;

 

1.4          to sell to or buy from any third party, or dispose of in any other way, any asset or right in a value above Renminbi Two Hundred Thousand Yuan (RMB200,000), including without limitation any intellectual property;

 

1.5          to provide to any third party, any guaranty by means of its assets or intellectual property, or any other guaranty in any other form, or create any other encumbrances over its assets;

 

1.6          to amend the articles of association of the company, or change the business scope of the company;

 

1.7          to change the company’s normal operation procedure, or amend any major internal rules or systems of the company;

 

1.8          to assign any of its rights or obligations hereunder to any third party;

 

1.9          to make major change to its business operation model, marketing strategy, operation plan or client relationship; or

 

1.10        to conduct any distribution of dividends or bonuses.

 

2.             Operation Management and Human Resources Management

 

2.1          Party B and the Shareholders hereby agree to accept the suggestions that Party A may from time to time make, regarding Party B’s employee recruitment and dismissal, daily corporate operation and management, and financial management system, to be strictly complied with by Party B.

 

2.2          Party B and the Shareholders hereby agree that, the Shareholders will, in accordance the procedures provided by laws, regulations, and the articles of association of Party B, elect the persons nominated by Party A as Party B’s directors and cause such directors to elect the person nominated by Party A as the Chairman of the Board of Directors, and appoint the persons nominated by Party A to serve the posts of Party B’s general manger, financial director or other senior management positions.

 

2.3          In the event that any of above mentioned directors or senior management nominated by Party A resigns from Party A, voluntarily or dismissed by Party A, such person will immediately lose the qualification to serve any post at Party B. In this circumstance, the Shareholders will immediately dismiss such person from the post severed by him or her at Party B, and elect and engage any other person nominated by Party A to serve such vacant post at Party B.

 

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2.4          For the purpose of the above Article 2.3, the Shareholders will take all necessary internal and external corporate procedures to complete the above voting rights of such shareholders dismissal and engagement procedures pursuant to laws, the articles of association of the company, and this Agreement.

 

2.5          The Shareholders agree to additionally sign a Letter of Authorization substantially similar to the Schedule A hereto at the execution of this Agreement, in accordance with which, the Shareholders will irrevocably authorize the person nominated by Party A to exercise the rights of Shareholders on behalf of the Shareholders, and to exercise, in the name of the shareholders, all the Shareholder, at the Shareholders Meeting of Party B. The Shareholders further agree that they will replace the authorized person specified in the above Letter of Authorization from time to time according to Party A’s requirement.

 

3.             Others

 

3.1          In the event that any agreement by and between Party A and Party B terminates or expires, Party A shall be entitled to decide whether to terminate all the agreements by and between Party A and Party B, including without limitation the Technical Consulting and Support Contract.

 

3.2          Considering that Party A and Party B have already established business cooperation by signing agreements including the technical development contract, Party B’s daily business operation activities will substantially affect its ability to pay Party A. The Shareholders agree that, if they receive any bonuses or dividends distributed by Party B, or any other earnings or benefits from Party B (in whatever form) as Party B’s shareholders, then, the Shareholders shall unconditionally pay or transfer at no charge to Party A all the earnings or benefits received from Party B, and provide all the documents and take all the actions required by Party A for realization of such payment or transfer of the above-mentioned earnings or benefits.

 

4.             Integrity and Amendment

 

4.1          This Agreement, all the other agreements and/or documents referred to herein and all the agreements and/or documents expressly contemplated herein constitute the whole agreement reached by the Parties with respect to the subject matter of this Agreement, and replace all preceding oral and written agreements, contracts, memorandums of understanding and communications among the Parties regarding the subject matter of this Agreement.

 

4.2          No amendment to this Agreement shall become effective unless signed by the Parties in writing. Any amendment or supplemental to this Agreement duly signed by the Parties is an integral part of this Agreement, and shall have the same legal effect with this Agreement.

 

5.             Governing Law

 

The execution, validity, performance of this Agreement and the resolution of dispute in connection with this Agreement shall be governed by and interpreted in accordance with PRC laws.

 

6.             Dispute Resolution

 

6.1          Any dispute arising from the execution, performance, termination or validity of this Agreement or in connection with this Agreement shall be resolved by the Parties through friendly negotiations and, if negations fail, shall be submitted to China International Trade and Economic Arbitration Commission South China Sub-commission (“CIETAC South China Sub-commission”) for arbitration according to its then effective rules and proceeding. There will be one arbitrator who shall be

 

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appointed by the CIETAC South China Sub-commission according to above mentioned rules and proceeding. The arbitral award is final and binding upon the Parties. Unless otherwise provided by the arbitral award, the losing Party shall assume all the costs and expenses of arbitration and reimburse all the costs and expenses of arbitration incurred by the winning Party. If either Party needs to file a lawsuit for enforcement of the arbitral award, the losing Party shall reimburse the other Party for all reasonable expenses and legal fee so incurred by the other Party.

 

6.2          Each Party shall continue the performance of its obligations hereunder with good faith pursuant to this Agreement, unless it is disputed among the Parties.

 

7.             Notice

 

All the notices given by each Party for purpose of performance its rights or obligations hereunder shall be made in writing, and shall be delivered to the addresses of related Party or other Parties specified below in person, by registered mail, pre-paid post, recognized courier, or facsimile.

 

	
Party A:
    	
 
    	
Giganology (Shenzhen)   Ltd.
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
11th Floor, Shuguang Plaza, South District of   High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
0755-26996974
    
	
 
    	
 
    	
 
    
	
Telephone:
    	
 
    	
0755-26996887
    
	
 
    	
 
    	
 
    
	
Attention:
    	
 
    	
Zou Shenglong
    
	
 
    	
 
    	
 
    
	
Party B:
    	
 
    	
Shenzhen Xunlei Networking Technologies Co., Ltd.
    	
 

	
 
    	
 
    	
 
    	
 

	
Address:
    	
 
    	
11th Floor East, Shuguang Plaza, Ke Ji Nan Shi Er   Road, Nanshan District, Shenzhen, Guangdong, PRC
    	
 

	
 
    	
 
    	
 
    	
 

	
Facsimile:
    	
 
    	
0755-26993074
    	
 

	
 
    	
 
    	
 
    	
 

	
Telephone:
    	
 
    	
0755-26993076
    	
 

	
 
    	
 
    	
 
    	
 

	
Attention:
    	
 
    	
Zou Shenglong
    	
 

 

Party C:

 

(1)           Zou Shenglong

 

	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Telephone:
    	
 
    	
####
    

 

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(2)           Cheng Hao

 

	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Telephone:
    	
 
    	
####
    

 

(3)           Wang Fang

 

	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Telephone:
    	
 
    	
####
    

 

(4)           Shi Jianming

 

	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Telephone:
    	
 
    	
####
    

 

(5)           Guangzhou Shulian Information Investment Co., Ltd.

 

	
Address:
    	
 
    	
Room 404,   1069 Xiagang Avenue, Guanghzou Economy & Technology Development Zone,   Guangdong, PRC
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
020-38295235
    
	
 
    	
 
    	
 
    
	
Telephone:
    	
 
    	
020-38295116
    

 

8.             Effectiveness, Term and Others

 

8.1          Any written consent, suggestion or appointment or any decision which may have major impact on Party B’s daily operation that is made by Party A and referenced herein, shall be made by the Board of Directors of Party A.

 

8.2          This Agreement is signed by the Parties and becomes effective on the date first above written. The term of this Agreement is ten (10) years after becoming effective, unless Party A early terminates this Agreement. In the event that before this Agreement expires Party A intends to renew this Agreement, then the Parties shall extend the term of this Agreement according to Party A’s requirement, and additionally sign another business operation agreement or continue to perform this Agreement according to Party A’s requirement.

 

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8.3          Throughout the term hereof, neither Party B nor the Shareholders may early terminate this Agreement. Party A has the right to terminate this Agreement at any time by giving a thirty(30)-day written notice to Party B and the Shareholders.

 

8.4          The Parties hereby acknowledges that, this Agreement is reached by the Parties according to the principle of equality and mutual benefit on a fair and reasonable basis. If any term or provision herein becomes illegal or unenforceable due to the governing law, then such term or provision shall be deemed to have been deleted from this Agreement and become invalid, however provided that, the remaining terms herein still remain valid, and the above mentioned term or provision shall be deemed not contemplated in this Agreement from the conclusion hereof. The Parties shall replace the deleted terms with legal and valid terms which are acceptable to all the Parties through negotiations.

 

8.5          Any failure or delay to exercise any of its rights, power, or privileges under this Agreement by either Party will not operate as its waiver of such right, power or privilege. Single or partial exercise of any right, power or privilege by either Party shall not exclude its exercise of any other rights, power or privileges.

 

8.6          The Parties signed a Equity Interests Disposal Agreement, which becomes effective as of the effectiveness of this Agreement.

 

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year first above written.

 

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[Execution page of this Business Operation Agreement]

 

 

Party A: Giganology (Shenzhen) Ltd.

 

	
By:
    	
/s/ Legal   Representative/Authorized Representative
    	
 
    
	
 
    	
 
    
	
(Affixed with common seal of the company)
    	
 
    

 

 

Party B: Shenzhen Xunlei Networking Technologies Co., Ltd.

 

	
By:
    	
/s/ Legal   Representative/Authorized Representative
    	
 
    
	
 
    
	
(Affixed with common seal of the company)
    

 

 

Party C:

 

	
By:
    	
/s/ Zou Shenglong
    	
 
    
	
 
    	
 
    
	
(Signature/Seal)
    	
 
    

 

 

	
By:
    	
/s/ Cheng Hao
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature/Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Wang Fang
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature/Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Shi Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature/Seal)
    	
 
    

 

 

Guangzhou Shulian Information Investment Co., Ltd.

 

By:         /s/ Legal Representative/Authorized Representative

 

(Affixed with common seal of the company)

 

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Supplemental Agreement to the Business Operation Agreement

 

This supplemental agreement to the business operation agreement (this “Supplemental Agreement”), dated March 1, 2012, is made in Shenzhen by and among:

 

Party A: Giganology (Shenzhen) Ltd.

 

Legal Address: Room 802, Building 11, Shenzhen Software Park, Central District of High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC.;

 

And

 

Party B: Shenzhen Xunlei Networking Technologies Co., Ltd.

 

Legal Address: 7th and 8th Floor, Building 11, Shenzhen Software Park, Ke Ji Zhong Er Road, Nanshan District, Shenzhen, Guangdong, PRC.

 

And

 

Party C:

 

(1)                                 Zou Shenglong (“Party A”), PRC resident ID number ####, with home address located at ####;

 

(2)                                 Cheng Hao (“Party B”), PRC resident ID number ####, with home address located at ####;

 

(3)                                 Wang Fang (“Party C”), PRC resident ID number ####, with home address located at ####;

 

(4)                                 Shi Jianming (“Party D”), PRC resident ID number ####, with home address located at ####;

 

(5)                                 Guangzhou Shulian Information Investment Co., Ltd. (“Party E”), business license No. ####, with registered address located at Room A226, Chuangshi Building, No. 329 Qingnian Road, Guanghzou Economy & Technology Development Zone, Guangdong, PRC;

 

(Collectively, the “Parties”)

 

1

 

WHEREAS:

 

1.                       Party A is a duly registered and established wholly foreign owned enterprise in the People’s Republic of China (the “PRC”);

 

2.                       Party B is a limited liability company registered and established in the PRC; Party C are the shareholders of Party B (the “Shareholders”), holding 100% shares of Party B.

 

3.                       The Parties have entered into a Business Operation Agreement on November 15, 2006 (the “Original Business Operation Agreement”).

 

4.                       The Parties through friendly negotiation and based on the principle of equality and mutual benefit, agree to enter into this Supplemental Agreement to amend and supplement the Original Business Operation Agreement.

 

The Parties hereby agree:

 

1.                       Adding Section “Performance Guarantee” to the Original Business Operation Agreement:

 

“(1) Party A and Party B agree, provided thatParty B satisfies the relevant provisions under this Agreement, Party A is entitled but not obliged to be the guarantor for Party B’s performance providing full guarantee for Party B’s performance under the agreements, contracts or transactions entered into between Party B and any other third party in relation to Party B’s business operation. As counter guarantee, upon Party A’s request, Party B agree to mortgage/charge the account receivables in connection with its business operation and all its corporate assets in favor of Party A. According to the above performance guarantee arrangement, when it is required, Party A is entitled (but not obliged) to enter into written guarantee agreement(s) with counter part(ies) in the capacity of Party B’s performance guarantor .

 

(2) Party B and its Shareholders hereby agree and confirm, if Part B needs any performance guarantee or a guarantee for any working capital loans, Party B will first seek Party A as its guarantor. Party A is entitled but not obliged to provide Party B appropriate guarantee based on its sole discretion. If Party A decides not to provide such guarantee, Party B may seek guarantee from other third party as permitted by Party A.”

 

2.                       This Supplemental Agreement becomes effective upon its execution by the Parties. This Supplemental Agreement is a supplement to the provisions in the Original Business Operation Agreement and shall have the same legal effect as the Original Business Operation Agreement. This Supplemental Agreement shall prevail should there be any conflict with the Original Business Operation

 

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Agreement.

 

3.                       This Supplemental Agreement is executed in Chinese in seven (7) counterparts with the same legal effect, each Party holding one counterpart.

 

[Remainder of this page intentionally left blank]

 

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[Signature page to the Supplemental Agreement to the Business Operation Agreement]

 

Party A: Giganology (Shenzhen) Ltd.

 

 

	
/s Zou Shenglong
    	
 
    
	
Legal/Authorized   representative (Signature and Seal):
    
	
[Affixed with company   seal]
    

 

Party B: Shenzhen Xunlei Networking Technologies Co., Ltd.

 

 

	
/s Zou Shenglong
    	
 
    
	
Legal/Authorized   representative (Signature and Seal):
    
	
[Affixed with company   seal]
    
	
 
    
	
Party   C:
    
	
 
    
	
Zou   Shenglong
    
	
Signature/Seal:
    	
/s/ Zou Shenglong
    	
 
    
	
 
    
	
 
    
	
Cheng   Hao
    
	
Signature/Seal:
    	
/s/ Cheng Hao
    	
 
    
	
 
    
	
 
    
	
Wang   Fang
    
	
Signature/Seal::
    	
/s/ Wang Fang
    	
 
    
	
 
    
	
 
    
	
Shi   Jianming
    
	
Signature/Seal:
    	
/s/ Shi Jianming
    	
 
    
	
 
    
	
 
    
	
Guangzhou   Shulian Information Investment Co., Ltd.
    
	
 
    
	
/s/
    	
 
    
	
Legal/Authorized   representative (Signature and Seal):
    
	
[Affixed with company   seal]Exhibit 10.6

 

This is a translation of the original text in Chinese

 

Equity Pledge Agreement

 

This EQUITY PLEDGE AGREEMENT (this “Contract”), dated November 15, 2006, is made in Shenzhen by and between:

 

(1)                               Zou Shenglong (“Party A”), PRC resident ID number ####, with home address located at ####

 

(2)                               Cheng Hao (“Party B”), PRC resident ID number ####, with home address located at ####

 

(3)                               Wang Fang (“Party C”), PRC resident ID number ####, with home address located at ####

 

(4)                               Shi Jianming (“Party D”), PRC resident ID number ####, with home address located at ####

 

(5)                               Guangzhou Shulian Information Investment Co., Ltd. (“Party E”), business license No. ####, with registered address located at Room 404, 1069 Xiagang Avenue, Guanghzou Economy & Technology Development Zone, Guangdong, PRC; and

 

(6)                               Giganology (Shenzhen) Ltd.(“Giganology”), a wholly foreign owned enterprise established under laws of the PRC, with registered address located at 11th Floor, Shuguang Plaza, South District of High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC.

 

(Collectively, the “Parties”)

 

WHEREAS

 

(A)                              Shenzhen Xunlei Networking Technologies Co., Ltd. (“Shenzhen Xunlei”), a limited liability company established and existing under laws of the PRC, with registered address located at 11th Floor East, Shuguang Plaza, Ke Ji Nan Shi Er Road, Nanshan District, Shenzhen, Guangdong, PRC.

 

(B)                              Party A, Party B, Party C, Party D and Party E (collectively “Existing Shareholders”) are existing shareholders of Shenzhen Xunlei. The percentage of the contribution of each Existing Shareholder to the registered capital of Shenzhen Xunlei is listed in the Schedule I hereto.

 

(C)                              Giganology and the Existing Shareholders entered into an Equity Pledge Agreement on December 25, 2005, which was amended by a supplemental agreement dated March 21, 2006 (collectively the “Original Equity Pledge Agreement”).

 

(D)                              Giganology, Shenzhen Xunlei and the Existing Shareholders entered into the agreements listed in the Schedule II hereto respectively on September 16, 2005 and November 15, 2006 (collectively the “Reorganization Contracts”).

 

(E)                               The Parties hereby agree to enter into this Contract to amend and replace the Original Equity Pledge Agreement.

 

NOW, THEREFORE, the Parties agree as follows:

 

 

1.                                     DEFINITIONS

 

The following terms shall have the meanings given below unless otherwise specified herein:

 

1.1                             “Pledgee” means Giganology;

 

1.2                             “Pledgors” means the Existing Shareholders including Party A, Party B, Party C, Party D and Party E; or anyone of the Existing Shareholders according to the context;

 

1.3                             “PRC” means the People’s Republic of China, excluding Hong Kong, Macau Special Administrative Regions and Taiwan for purpose of this Contract;

 

1.4                             “Pledged Equity” means all the interests held by the Pledgor in the registered capital of Shenzhen Xunlei, including without limitation the capital contribution made by the Pledgor to Shenzhen Xunlei, the dividends, profits or any other distributions distributed by Shenzhen Xunlei to the Pledgor, and any amount payable by Shenzhen Xunlei to the Pledgor as of the liquidation and dissolution of Shenzhen Xunlei.

 

2.                                     PLEDGE AND SCOPE OF GUARANTY

 

2.1                             The Pledgors hereby pledge all the rights, interests and benefits (no matter being existing or future) held by them with respect to the Pledged Equity to the Pledgee, as a continuing guaranty for the sufficient and timely performance of all the obligations under the Reorganization Contracts (“Secured Liabilities”) by Shenzhen Xunlei and the Existing Shareholders.

 

2.2                             The scope of guaranty hereunder includes any amount, liquidated damages, indemnity, and any fee for realization of principal creditor’s rights and pledge right payable by Shenzhen Xunlei and/or the Existing Shareholders to the Pledgee under the master contract.

 

3.                                     GUARANTY REGARDING NO-MORTGAGE

 

The Pledgors hereby jointly and severally guarantee to the Pledgee that, unless otherwise consented by the Pledgee in writing, the Pledgors will not

 

(1)                               transfer or attempt to transfer, assign, or dispose of in any other way, any interests held by the Pledgors with respect to the Pledged Equity; or

 

(2)                               create or agree to create over, or allow the existence of, any trust or secured interests related to, the Pledged Equity.

 

4.                                     RELEASE

 

In the event that all the Secured Liabilities have been performed in accordance with the Reorganization Contracts, the pledge created hereunder shall be immediately released.

 

5.                                     REGISTRATION

 

The Pledgors shall record the registration of pledge on the register of shareholders of Shenzhen Xunlei and provide corresponding certificate for completion of such pledge registration to the Pledgee on the date hereof.

 

6.                                     ADDITIONAL CAPITAL CONTRIBUTION

 

If the Pledgors make additional capital injection into, or increase the holding of any part of, the registered capital of Shenzhen Xunlei following the execution of this Contract, the

 

 

additionally injected capital or newly held part of the registered capital shall be governed by this Contract. The Pledgors shall at the Pledgee’s request immediately sign an amendment or supplemental to this Contract to the satisfaction of the Pledgee with respect to the additional capital injection or new holding of any part of the registered capital, submit such signed amendment or supplemental agreement to Shenzhen Industry and Commerce Bureau for related registration and record, and provide to the Pledgee with corresponding certificates for the completion of such registration and record formalities.

 

7.                                     REPRESENTATIONS AND WARRANTIES

 

7.1                              Each Party hereby represents and undertakes to the other Parties that, it owns all required power and authorities for the execution and performance of this Contract, all the authorized representatives signing on this Contract have the full power to sign this Contract pursuant to valid authorization letter, or have been fully authorized by the board of directors to sign this Contract, and all the terms herein constitute effective and biding obligations of it.

 

7.2                              The Pledgors hereby represent and undertake to the Pledgee:

 

(1)                               the Pledgors are the sole legitimate and beneficiary owner of the Pledged Equity;

 

(2)                               there is no any other secured interests with respect to the Pledged Equity as of the execution hereof;

 

(3)                               neither Pledgor will dispose of the Pledged Equity in any way without the written consent of the Pledgee;

 

(4)                               without the written consent of the Pledgee, the Pledgors will not grant the consent regarding the merger or consolidation between Shenzhen Xunlei and any other company or entity, or the reorganization in any form of Shenzhen Xunlei; and

 

(5)                               the Plegors will not take any action which may have major adverse effect on the Pledged Equity.

 

7.3                              The Pledgors hereby further represent and undertake to the Pledgee that, they will take any action or sign any document reasonably required by the Pledgee for consummation of the guaranty hereunder.

 

8.                                     EXERCISE OF PLEDGE RIGHT

 

8.1                             The Pledgors agree that, under the following circumstances the Pledgee may exercise the pledge right hereunder in accordance with this Article 8:

 

(1)                               where Shenzhen Xunlei and/or the Existing Shareholders fail to perform related obligations under the Reorganization Contracts, and further fail to cure such default within thirty (30) days following the service of a written notice by the Pledgee, except for the circumstance specified in paragraph (3) of this Article 8;

 

(2)                               where the business or major operation strategy of Shenzhen Xunlei has adverse effect on the company’s operation, or, the Pledgee reasonably believes that certain behavior of Shenzhen Xunlei will have material adverse effect on the Pledgee, and Shenzhen Xunlei fails to cure such behavior within thirty (30) days after the service of a written notice by the Pledgee; or

 

(3)                               where Shenzhen Xunlei and/or the Existing Shareholders have materially violated the requirements under the Reorganization Contracts, which has constituted a material breach of contract.

 

 

8.2                             Where any circumstance listed in above Article 8.1 occurs with Shenzhen Xunlei and/or the Existing Shareholders, the Pledgee may immediately exercise the Pledged Equity after giving the Pledgors a written notice, and the Pledgors shall provide cooperation and take any necessary action or sign any necessary document reasonably required by the Pledgee.

 

8.3                             Before the Pledgee exercises the Pledged Equity, it has the right to exercise the voting right and any other rights and power associated with the Pledged Equity, without breaching this Contract and the Reorganization Contracts.

 

9.                                     NO RELEASE

 

The obligations of the Pledgors hereunder shall not be released or impaired for the following reasons:

 

(1)                               the invalidity, unenforceability or other defects of the Reorganization Contracts;

 

(2)                               any amendment or change to the Reorganization Contracts; or

 

(3)                               any liquidation, dissolution, restructure or reorganization, or any change to the legal person capacity of Shenzhen Xunlei, the Pledgors or any other person.

 

10.                              EFFECTIVENESS

 

The pledge guaranty hereunder becomes effective on the day on which the registration mentioned in the Article 5 hereof is completed.

 

11.                              COSTS AND EXPENSES

 

The Pledgors shall bear all the taxes in relation to the establishment and consummation of the guaranty hereunder.

 

12.                              INTEGRITY

 

This Contract constitutes the entire agreement reached by the Parties with respect to the subject matter of this Contract, and replaces and terminates all the preceding oral and written discussions, negotiations, notices, memorandums of understanding, documents, and agreements among the Parties regarding the subject matter of this Contract. The Parties agree that this Contract should not be amended unless being consented by the Parties in writing.

 

13.                               ASSIGNMENT

 

13.1                       Unless expressly otherwise provided in this Contract, none of the Pledgors is allowed to assign any of its rights and obligations hereunder to any third party without the writing consent by the Pledgee. Any intension to affect the transfer of any right, obligation, or liability hereunder is invalid without the above mentioned consent.

 

13.2                       Party B may at any time assign all or any of its rights and obligations under the Reorganization Contracts to any other person designated by it (a natural person/legal person). Under such circumstance, the assignee shall enjoy and assume the rights and obligations of Party B under this Contract, as if such rights and obligations are enjoyed and assumed by the assignee as a party to this Contract. When Party B assigns its rights and obligations under the Reorganization Contracts, Party A shall at Party B’s request sign related agreements and/or documents for purpose of such assignment.

 

 

14.                              FURTHER WARRANTIES

 

Each Party hereto shall sign, and take all necessary measures within its scope of power to cause any other persons, companies or subsidiaries (if necessary) to sign, any further document, agreement and deed, and take any other act, necessary for making all the terms of this Contract fully effective.

 

15.                               SEVERABILITY AND ENFORCEABILITY

 

15.1                       If one or multiple terms hereof is announced (officially or unofficially) or determined by any competent authority to be illegal or invalid, or becomes unenforceable in accordance with any applicable law in any jurisdiction, then,

 

(1)                               such term shall be deemed to be isolated from the remaining terms hereof, and the remaining terms hereof continue to be valid;

 

(2)                               without prejudice to the capacity of filing claim before competent authorities, such invalid or unenforceable terms shall be eliminated from this Contract, provided that, if such eliminated terms have substantially affected or changed the commercial basis of this Contract, the Parties shall faithfully agree to replace such invalid or unenforceable terms with new terms. The newly added terms shall be valid and enforceable, and shall be able to express the meanings which the original invalid and unenforceable terms are trying to express.

 

15.2                       If any applicable law fully or partially prohibits or limits the performance of this Contract, or in any way affect the performance by any Party hereto of its rights hereunder, then the Parties agree they will sign an additional agreement including commercial terms similar to those herein, to ensure the full performance of rights and obligations hereunder.

 

16.                               NOTICES

 

16.1        Any notice given by one Party to the other Parties shall be delivered in person, by facsimile, prepaid registered mail, or publicly recognized courier to the following addresses or facsimile numbers, which may be changed from time to time. The initial address and facsimile number of each Party are set forth as follows:

 

	
Party A:
    	
 
    	
Zou Shenglong
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Party B:
    	
 
    	
Cheng Hao
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Party C:
    	
 
    	
Wang Fang
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
				

 

 

	
Party D:
    	
 
    	
Shi Jianming
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
####
    
	
 
    	
 
    	
 
    
	
Party E:
    	
 
    	
Guangzhou Shulian Information Investment Co., Ltd.
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
020-38295235
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
Room 404,   1069 Xiagang Avenue, Guanghzou Economy & Technology Development   Zone, Guangdong, PRC
    
	
 
    	
 
    	
 
    
	
Giganology   (Shenzhen) Ltd.
    
	
 
    	
 
    	
 
    
	
Facsimile:
    	
 
    	
0755-26996974
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
11th Floor, Shuguang Plaza, South District of   High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC
    
	
 
    	
 
    	
 
    
	
Telephone:
    	
 
    	
0755-26996887
    
	
 
    	
 
    	
 
    
	
Attention:
    	
 
    	
Zou Shenglong
    

 

16.2                       Any such notice or communication is deemed given when:

 

(1)                               when delivered if in person; or

 

(2)                               on the fifth (5th) business day after being posted if by prepaid mail,; or

 

(3)                               if delivered by facsimile, when the sender receives the facsimile report, showing such notice or communication has been entirely sent to the receiver’s facsimile machine or any other similar receiving machine; or

 

(4)                               on the third (3rd) business day after the courier receives the notice or communications.

 

For purpose of evidencing certain notices or communications have been given, the sending Party needs to prove that such notices or communications have been delivered in person, or the envelope embedded with such notices or communications have been correctly put address on and posted as prepaid mail, or the facsimile report shows that the facsimile has been successfully transmitted, or the package with such notices or communications in has been correctly specified address and delivered to courier.

 

17.                              WAIVER

 

Any failure or delay to exercise any of its rights or remedies under this Contract by either Party will not operate as its waiver of such right or remedy. Single or partial exercise of any right or remedy by either Party shall not exclude its exercise of any other rights or remedies. The rights described hereunder is accumulative, and does not exclude the rights or remedies provided by laws.

 

18.                              GOVERNING LAW AND JURISDICTION

 

18.1                       This Contract is governed by and interpreted in accordance with laws of the PRC.

 

 

18.2                      Any dispute arising from the execution, performance, termination or validity of this Contract or in connection with this Contract shall be resolved by both Parties through friendly negotiations and, if negations fail, shall be submitted to China International Trade and Economic Arbitration Commission South China Sub-commission (“CIETAC South China Sub-commission”) for arbitration according to its then effective rules and proceeding. The arbitration shall be conducted in Shenzhen. There will be one arbitrator who shall be appointed by the CIETAC South China Sub-commission according to above mentioned rules and proceeding. The arbitral award is final and binding upon the Parties. Unless otherwise provided by the arbitral award, the losing Party shall assume all the costs and expenses of arbitration and reimburse all the costs and expenses of arbitration incurred by the winning Party. If either Party needs to file a lawsuit for enforcement of the arbitral award, the losing Party shall reimburse the other Party for all reasonable expenses and legal fee so incurred by the other Party. During the period from the submission of dispute for arbitration to the rendering of arbitral award, both Parties shall continue to perform their obligations hereunder without prejudice to the final judgment made based on the aforesaid arbitral award.

 

19.                              COUNTERPART

 

This Contract may be signed in multiple counterparts. Each singed counterpart shall be deemed as a original copy of this Contract. All the counterparts constitute identical legal documents.

 

20.                              MISCELLANEOUS

 

20.1                       This Contract is written in Chinese in seven (7) original copies with same legal effect, each Party holding one (1) copy. Shenzhen Xunlei holds one (1) copy for record.

 

20.2                       All the issues not contemplated herein shall be determined by the Parties through negotiations.

 

 

IN WITNESS WHEREOF, the Parties have executed this Contract as of the day and year first above written.

 

 

	
Party A:
    	
Zou Shenglong
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Zou Shenglong
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature/Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Party B:
    	
Cheng Hao
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Cheng Hao
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature/Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Party C:
    	
Wang Fang
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Wang Fang
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature/Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Party D: 
    	
Shi Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Shi Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature/Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Party E: 
    	
Guangzhou Shulian   Information Investment Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Legal   Representative/Authorized Representative
    	
 
    
	
 
    	
 
    	
 
    
	
(Affixed with common seal of the company)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Pledgee: Giganology (Shenzhen) Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Legal   Representative/Authorized Representative
    	
 
    
	
 
    	
 
    	
 
    
	
(Affixed with common seal of the company)
    	
 
    

 

 

Schedule I

 

Register of Shareholders of Shenzhen Xunlei Networking Technologies Co., Ltd.

 

	
 
    	
 
    	
Shareholder’s Name
    	
 
    	
Shareholding
   Percentage
    	
 
    	
Remark
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Zou   Shenglong
    	
 
    	
28
    	
%
    	
Has been   pledged to Giganology in accordance with the Original Equity Pledge   Agreement.
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2
    	
 
    	
Cheng Hao
    	
 
    	
25
    	
%
    	
Has been   pledged to Giganology in accordance with the Original Equity Pledge   Agreement.
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
3
    	
 
    	
Wang Fang
    	
 
    	
2
    	
%
    	
Has been   pledged to Giganology in accordance with the Original Equity Pledge   Agreement.
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
4
    	
 
    	
Shi   Jianming
    	
 
    	
25
    	
%
    	
Has been   pledged to Giganology in accordance with the Original Equity Pledge   Agreement.
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
5
    	
 
    	
Guangzhou   Shulian Information Investment Co., Ltd.
    	
 
    	
20
    	
%
    	
Has been   pledged to Giganology in accordance with the Original Equity Pledge Agreement.
    

 

 

	
Shenzhen Xunlei Networking Technologies Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Zou   Shenglong
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal   Representative/Authorized Representative
    	
 
    
	
 
    	
 
    	
 
    
	
(Affixed with common seal of the company)
    	
 
    

 

 

Schedule II

 

List of Reorganization Contracts

 

	
Contractual Parties
    	
 
    	
Name of Contract
    	
 
    	
Execution Date of Contract
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen Xunlei
    	
 
    	
Software and Proprietary Technology   License Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen Xunlei
    	
 
    	
Exclusive Technology Support and Services   Agreement
    	
 
    	
September 16, 2005  
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Supplemental Agreement to Exclusive Technology   Support and Services Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen Xunlei
    	
 
    	
Exclusive Technology Consulting and   Training Agreement
    	
 
    	
September 16, 2005  
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Supplemental Agreement to Exclusive   Technology Consulting and Training Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology, Zou Shenglong, Cheng Hao, Wang   Fang, Shi Jianming, and Guangzhou Shulian Information Investment   Co., Ltd.
    	
 
    	
Business Operation Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology, Zou Shenglong, Cheng Hao, Wang   Fang, Shi Jianming, Guangzhou Shulian Information Investment Co., Ltd.,   and Shenzhen Xunlei
    	
 
    	
Equity Interests Disposal Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen Xunlei
    	
 
    	
Trademark and Domain Name Purchase Option   Agreement
    	
 
    	
November 15, 2006
    

 

 

Supplemental Agreement to Equity Pledge Agreement

 

This SUPPLEMENTAAL AGREEMENT TO EQUITY PLEDGE AGREEMENT (the “Supplemental Agreement”), dated May 10, 2011, is made in Shenzhen by and between:

 

(1)           Zou Shenglong (“Party A”), a PRC resident with ID number ####;

 

(2)           Cheng Hao (“Party B”), a PRC resident with ID number ####;

 

(3)           Shi Jianming (“Party D”), a PRC resident with ID number ####;

 

(4)           Guangzhou Shulian Information Investment Co., Ltd. (“Party D”), a domestic limited liability company established under laws of the PRC with registered address located at Room 404, 1069 Xiagang Avenue, Guanghzou Economy & Technology Development Zone, Guangdong, PRC;

 

(5)           Wang Fang (“Party E”), a PRC resident with ID number ####; and

 

(6)           Giganology (Shenzhen) Ltd.(“Giganology”), a wholly foreign owned enterprise established and existing under laws of the PRC, with registered address located at Room 802, 11th Building, Shenzhen Software Park, Central District of High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC.

 

(Collectively, the “Parties”.)

 

WHEREAS

 

(A)          Parties A, B, C, D and E entered into the Equity Pledge Agreement (the “Equity Pledge Agreement”) on November 15, 2006.

 

(B)          The registered share capital of Shenzhen Xunlei Network Technologies Co., Ltd. (“Shenzhen Xunlei”) increased from RMB 10,000,000 to RMB 30,000,000. The increased RMB 20,000,000 was subscribed by Party A.

 

(E)           Through friendly negotiation, according to the principles of equality and reciprocity, the Parties hereby agree to enter into this Supplemental Agreement to amend and supplement the Equity Pledge Agreement.

 

1

 

NOW, THEREFORE, the Parties agree as follows:

 

1.             The Schedule I to the Equity Pledge Agreement shall be deleted and replaced with the below:

 

Schedule I

 

Register of Shareholders of Shenzhen Xunlei Networking Technologies Co., Ltd.

 

	
Shareholder’s Name
    	
 
    	
Amount of Contribution
    (RMB)
    	
 
    	
Shareholding Percentage
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Zou Shenglong
    	
 
    	
22,800,000
    	
 
    	
76
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Cheng Hao
    	
 
    	
2,500,000
    	
 
    	
8.3
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shi Jianming
    	
 
    	
2,500,000
    	
 
    	
8.3
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Guangzhou Shulian   Information Investment Co., Ltd.
    	
 
    	
2,000,000
    	
 
    	
6.7
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Wang Fang
    	
 
    	
200,000
    	
 
    	
0.7
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Total
    	
 
    	
30,000,000
    	
 
    	
100
    	
%
    

 

2.             The Schedule II to the Equity Pledge Agreement shall be deleted and replaced with the below:

 

Schedule II

 

List of Reorganization Contracts

 

	
Contractual Parties
    	
 
    	
Name of Contract
    	
 
    	
Execution Date of Contract
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen   Xunlei
    	
 
    	
Software and Proprietary   Technology License Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen   Xunlei
    	
 
    	
Exclusive Technology   Support and Services Agreement
    	
 
    	
September 16, 2005
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Supplemental Agreement to   Exclusive Technology Support and Services Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen   Xunlei
    	
 
    	
Exclusive Technology   Consulting and Training Agreement
    	
 
    	
September 16, 2005
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Supplemental Agreement to   Exclusive Technology 
    	
 
    	
November 15, 2006
    

 

2

 

	
 
    	
 
    	
Consulting and Training   Agreement
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology, Zou Shenglong,   Cheng Hao, Wang Fang, Shi Jianming and Guangzhou Shulian Information   Investment Co., Ltd.
    	
 
    	
Business Operation   Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology, Zou Shenglong,   Cheng Hao, Wang Fang, Shi Jianming, Guangzhou Shulian Information Investment   Co., Ltd., and Shenzhen Xunlei
    	
 
    	
Equity Interests Disposal   Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Supplemental Agreement to   Equity Interests Disposal Agreement
    	
 
    	
May 10, 2011
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Shenzhen   Xunlei
    	
 
    	
Trademark and Domain Name   Purchase Option Agreement
    	
 
    	
November 15, 2006
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Supplemental Agreement to   Trademark and Domain Name Purchase Option Agreement
    	
 
    	
January 2, 2011
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology, Zou Shenglong,   Cheng Hao, Wang Fang, Shi Jianming, Guangzhou Shulian Information Investment   Co., Ltd., and Shenzhen Xunlei
    	
 
    	
Loan Agreement
    	
 
    	
December 22, 2010
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology and Zou   Shenglong
    	
 
    	
Loan Agreement
    	
 
    	
May 10, 2011
    

 

3.             This Supplemental Agreement becomes effective upon its execution by the Parties. This Supplemental Agreement is a supplement to the provisions in the Equity Pledge Agreement and shall have the same legal effect as the Equity Pledge Agreement. This Supplemental Agreement shall prevail should there be any conflict with the Equity Pledge Agreement.

 

4.             Parties A, B, C, D and E hereby pledge their shares in Shenzhen Xunlei to Giganology. Such pledge guaranty becomes effective on the day on which it is registered with the industrial and commercial administrative authorities.

 

5.            This Supplemental Agreement is executed in Chinese in six copies with the same legal effect, each Party holding one copy.

 

[Remainder of this page intentionally left blank]

 

3

 

[Execution page of the Supplemental Agreement to the Equity Pledge Agreement]

 

 

	
Zou   Shenglong
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   Zou Shenglong
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Cheng   Hao
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   Cheng Hao
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Shi   Jianming
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   Shi Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Guangzhou   Shulian Information Investment Co., Ltd.
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   Legal Representative/Authorized Representative
    	
 
    
	
 
    	
 
    	
 
    
	
(Affixed with common seal of the company)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Wang   Fang
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Wang Fang
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Giganology (Shenzhen) Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Legal Representative/Authorized Representative
    	
 
    
	
 
    	
 
    	
 
    
	
(Affixed   with common seal of the company)
    	
 
    

 

4

 

Supplemental Agreement(2) to the Equity Pledge Agreement

 

This Supplemental Agreement(2) to the Equity Pledge Agreement (this “Supplemental Agreement”) dated March 1, 2012, is entered into in Shenzhen by and among:

 

(1)         Zou Shenglong (“Party A”), PRC resident ID number ####, with home address located at ####;

 

(2)         Cheng Hao (“Party B”), PRC resident ID number ####, with home address located at ####;

 

(3)         Wang Fang (“Party C”), PRC resident ID number ####, with home address located at ####;

 

(4)         Shi Jianming (“Party D”), PRC resident ID number ####, with home address located at ####;

 

(5)         Guangzhou Shulian Information Investment Co., Ltd. (“Party E”), business license No. ####, with registered address located at Room A226, Chuangshi Building, No. 329 Qingnian Road, Guanghzou Economy & Technology Development Zone, Guangdong, PRC; and

 

(6)         Giganology (Shenzhen) Ltd. (“Giganology”), a wholly foreign owned enterprise established under laws of the PRC, with registered address located at Room 802, Building 11, Shenzhen Software Park, Central District of High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC.

 

(Collectively, the “Parties”)

 

WHEREAS:

 

1.              Shenzhen Xunlei Networking Technologies Co., Ltd. (“Shenzhen Xunlei”), a limited liability company established and existing under laws of the PRC, with registered address located at 7th and 8th Floor, Building 11, Shenzhen Software Park, Ke Ji Zhong Er Road, Nanshan District, Shenzhen, Guangdong, PRC. Party A, Party B, Party C, Party D and Party E (collectively “Existing Shareholders”) are its registered shareholders;

 

2.              Giganology and Existing Shareholders entered into an Equity Pledge Agreement on November 15, 2006, which was amended by a supplemental agreement dated May 10, 2011 (collectively the “Original Equity Pledge Agreement”);

 

3.              The Parties hereby agree to enter into this Supplemental Agreement to amend and

 

 

replace the Original Equity Pledge Agreement.

 

The Parties hereby agree as follows:

 

1.              Section 2.1 of the Original Equity Pledge Agreement be amended to:

 

“The Pledgors hereby pledge all the rights, interests and benefits (current or future) held by them with respect to the Pledged Equity to the Pledgee, as a continuing guaranty for (i) the sufficient and timely performance of all the obligations under the Reorganization Contracts  by Shenzhen Xunlei and the Existing Shareholders, (ii) the undertaking of liabilities for breach of the Reorganization Contracts by Shenzhen Xunlei and the Existing Shareholders, and (iii) damages suffered by the Pledgee resulting from the invalidity or rescission of the Reorganization Contracts (collectively, “Secured Liabilities”).”

 

2.              Section 4 of the Original Equity Pledge Agreement be amended to

 

“In the event that all the Secured Liabilities have been performed in accordance with the Reorganization Contracts, the pledge created hereunder shall be immediately released two (2) years thereafter”

 

3.              Unless otherwise stated in this Supplemental Agreement, the terms applied in this Supplemental Agreement have the same meaning as given to them in the Original Equity Pledge Agreement.

 

4.              This Supplemental Agreement becomes effective upon its execution by the Parties. This Supplemental Agreement is a supplement to the provisions in the Original Equity Pledge Agreement and shall have the same legal effect as the Original Equity Pledge Agreement. This Supplemental Agreement shall prevail should there be any conflict with the Original Equity Pledge Agreement.

 

5.              This Supplemental Agreement is executed in Chinese in six counterparts with the same legal effect, each Party holding one counterpart.

 

[Remainder of this page intentionally left blank]

 

 

[Execution page of the Supplemental Agreement(2) to Equity Pledge Agreement]

 

	
Party   A: Zou Shenglong
    
	
 
    
	
 
    
	
By:
    	
/s/ Zou Shenglong
    	
 
    
	
 
    
	
 
    
	
Party   B: Cheng Hao
    
	
 
    
	
 
    
	
By:
    	
/s/ Cheng Hao
    	
 
    
	
 
    
	
 
    
	
Party   C: Wang Fang
    
	
 
    
	
 
    
	
By:
    	
/s/ Wang Fang
    	
 
    
	
 
    
	
 
    
	
Party   D: Shi Jianming
    
	
 
    
	
 
    
	
By:
    	
/s/ Shi Jianming
    	
 
    
	
 
    
	
 
    
	
Party   E: Guangzhou Shulian Information Investment Co., Ltd.
    
	
(Seal)
    
	
 
    
	
By:
    	
/s/
    	
 
    
	
[Affixed with company   seal]
    
	
 
    
	
Giganology   (Shenzhen) Ltd.
    
	
(Seal)
    
	
 
    
	
By:
    	
/s/
    	
 
    

 

 

Third Supplemental Agreement to the Equity Pledge Agreement

 

This Third Supplemental Agreement to the Equity Pledge Agreement (this “Supplemental Agreement”) dated March 10, 2014, is entered into in Shenzhen by and among:

 

(1)         Zou Shenglong (“Party A”), PRC resident ID number ####, with home address located at ####;

 

(2)         Cheng Hao (“Party B”), PRC resident ID number ####, with home address located at ####;

 

(3)         Wang Fang (“Party C”), PRC resident ID number ####, with home address located at ####;

 

(4)         Shi Jianming (“Party D”), PRC resident ID number ####, with home address located at ####;

 

(5)         Guangzhou Shulian Information Investment Co., Ltd. (“Party E”), business license No. ####, with registered address located at Room A226, Chuangshi Building, No. 329 Qingnian Road, Guanghzou Economy & Technology Development Zone, Guangdong, PRC; and

 

(6)         Giganology (Shenzhen) Ltd. (“Giganology”), a wholly foreign owned enterprise established under laws of the PRC, with registered address located at Room 802, Building 11, Shenzhen Software Park, Central District of High-tech Park, Nanshan District, Shenzhen, Guangdong, PRC.

 

(Collectively, the “Parties”)

 

WHEREAS:

 

1.              Shenzhen Xunlei Networking Technologies Co., Ltd. (“Shenzhen Xunlei”), a limited liability company established and existing under laws of the PRC, with registered address located at 7th and 8th Floor, Building 11, Shenzhen Software Park, Ke Ji Zhong Er Road, Nanshan District, Shenzhen, Guangdong, PRC. Party A, Party B, Party C, Party D and Party E (collectively “Existing Shareholders”) are its registered shareholders;

 

2.              Giganology and Existing Shareholders entered into an Equity Pledge Agreement on November 15, 2006, which was amended by two supplemental agreements dated May 10, 2011 and March 1, 2012, respectively (collectively the “Original Equity Pledge Agreement”);

 

 

3.              The Parties hereby agree to enter into this Supplemental Agreement to amend and replace the Original Equity Pledge Agreement.

 

The Parties hereby agree as follows:

 

1.              To delete and replace Schedule 2 to the Original Equity Pledge Agreement with:

 

	
Parties
    	
 
    	
Agreement
    	
 
    	
Execution Date
    
	
Giganology (Shenzhen)   Ltd., Zou Shenglong, Chenghao, Wangfang, Shi Jianming and Guangzhou Shulian Information   Investment Co., Ltd.
    	
 
    	
Business Operation   Agreement
    	
 
    	
November 15,   2006
    
	
 
    	
Supplemental   Agreement to the Business Operation Agreement
    	
 
    	
March 1, 2012
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd., Zou Shenglong, Chenghao, Wangfang, Shi Jianming and Guangzhou Shulian   Information Investment Co., Ltd.
    	
 
    	
Equity Pledge   Agreement
    	
 
    	
November 15,   2006
    
	
 
    	
Supplemental   Agreement to the Equity Pledge Agreement
    	
 
    	
May 10, 2011
    
	
 
    	
Second Supplemental   Agreement to the Equity Pledge Agreement
    	
 
    	
March 1, 2012
    
	
 
    	
 
    	
Third Supplemental   Agreement to the Equity Pledge Agreement
    	
 
    	
March 10, 2014
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd., Zou Shenglong, Chenghao, Wangfang, Shi Jianming and Guangzhou Shulian   Information Investment Co., Ltd.
    	
 
    	
Power of Attorney
    	
 
    	
May 10, 2011
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd. and Shenzhen Xunlei Networking Technologies Co., Ltd.
    	
 
    	
Exclusive Technology   Support and Services Agreement
    	
 
    	
September 16,   2005
    
	
 
    	
Supplemental   Agreement to the Exclusive Technology Support and Services Agreement
    	
 
    	
November 15,   2006
    
	
 
    	
 
    	
Second Supplemental   Agreement to the Exclusive Technology Support and Services Agreement
    	
 
    	
May 10, 2014
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd. and Shenzhen Xunlei Networking Technologies Co., Ltd.
    	
 
    	
Exclusive Technology   Consulting and Training Agreement
    	
 
    	
September 16,   2005
    
	
 
    	
Supplemental   Agreement to 
    	
 
    	
November 15,   2006
    

 

 

	
 
    	
 
    	
Exclusive Technology   Consulting and Training Agreement
    	
 
    	
 
    
	
 
    	
 
    	
Second Supplemental   Agreement to Exclusive Technology Consulting and Training Agreement
    	
 
    	
March 10, 2014
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd. and Shenzhen Xunlei Networking Technologies Co., Ltd.
    	
 
    	
Exclusive Technology   Licensing Agreement
    	
 
    	
March 1, 2012
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd. and Shenzhen Xunlei Networking Technologies Co., Ltd.
    	
 
    	
Intellectual Property   Purchase Option Agreement
    	
 
    	
March 1, 2012
    
	
 
    	
Supplemental   Agreement to the Intellectual Property Purchase Option Agreement
    	
 
    	
March 10, 2014
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd., Zou Shenglong, Chenghao, Wangfang, Shi Jianming and Guangzhou Shulian   Information Investment Co., Ltd.
    	
 
    	
Loan Agreement
    	
 
    	
December 22,   2010
    
	
 
    	
Supplemental   Agreement to the Loan Agreement
    	
 
    	
March 1, 2012
    
	
 
    	
Second Supplemental   Agreement to the Loan Agreement
    	
 
    	
March 10, 2014
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd. and Zou Shenglong
    	
 
    	
Loan Agreement
    	
 
    	
May 10, 2011
    
	
 
    	
 
    	
Supplemental   Agreement to the Loan Agreement
    	
 
    	
March 1, 2012
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Giganology (Shenzhen)   Ltd., Zou Shenglong, Chenghao, Wangfang, Shi Jianming and Guangzhou Shulian   Information Investment Co., Ltd.
    	
 
    	
Equity Disposal   Agreement
    	
 
    	
November 15,   2006
    
	
 
    	
Supplemental   Agreement to the Equity Disposal Agreement
    	
 
    	
May 10, 2011
    

 

2.              Unless otherwise stated in this Supplemental Agreement, the terms applied in this Supplemental Agreement have the same meaning as given to them in the Original Equity Pledge Agreement.

 

3.              This Supplemental Agreement becomes effective upon its execution by the Parties. This Supplemental Agreement is a supplement to the provisions in the Original Equity Pledge Agreement and shall have the same legal effect as the Original Equity Pledge Agreement. This Supplemental Agreement shall prevail should there be any conflict with the Original Equity Pledge Agreement.

 

4.              This Supplemental Agreement is executed in Chinese in six (6) counterparts with

 

 

the same legal effect, each Party holding one counterpart.

 

[Remainder of this page intentionally left blank]

 

 

[Execution page of the Third Supplemental Agreement to Equity Pledge Agreement]

 

 

	
Party   A:
    	
/s/   Zou Shenglong
    	
 
    
	
 
    
	
 
    
	
Party   B:
    	
/s/   Cheng Hao
    	
 
    
	
 
    
	
 
    
	
Party   C:
    	
/s/   Wang Fang
    	
 
    
	
 
    
	
 
    
	
Party   D:
    	
/s/   Shi Jianming
    	
 
    
	
 
    
	
 
    
	
Party   E:
    	
/s/   Guangzhou Shulian Information Investment Co., Ltd.
    	
 
    
	
(Seal)
    
	
 
    
	
 
    
	
/s/   Giganology (Shenzhen) Ltd.
    	
 
    
	
(Seal)

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