Document:

<PAGE>

                                                                   Exhibit 10.84

                               Operating Agreement

     This Operating Agreement ("Agreement") is entered into on the day of August
15, 2004 among the following parties:

Party A:   Hurray! Times Communications (Beijing) Ltd.
Address:   Room B 07-A, Tong Heng Plaza, No.4 Huayuan Road, Haidian District,
           Beijing

Party B:   Beijing Enterprise Network Technology Co., Ltd.
Address:   Room 826, Huizhong Building, No.1 Shangdi No.7 Street, Haidian
           District, Beijing

Party C:   Sun Hao
Address:   No. 301, Room 5, 6th Floor, 19 Xinwaidajie, Haidian District, Beijing

Party D:   Wang Xiaoping
Address:   Room 2, No. 47 Dayuan, 470 Xingangzhonglu, Guangzhou

WHEREAS:

1.   Party A is a wholly foreign-owned enterprise established in the People's
     Republic of China (the "PRC");

2.   Party B is a limited liability company registered in the PRC and is
     approved by competent governmental authorities to carry on the business of
     value-added telecommunication services;

3.   Party A has established a business relationship with Party B by entering
     into Exclusive Technical Consulting and Services Agreement;

4.   Pursuant to Exclusive Technical Consulting and Services Agreement between
     Party A and Party B, Party B shall pay a certain amount of money to Party
     A. However, the relevant payables have not been paid yet and the daily
     operation of Party B will have a material effect on its capacity to pay the
     payables to Party A.

5.   Party C is a shareholder of Party B who owns 50% equity in Party B.

6.   Party D is a shareholder of Party B who owns 50% equity in Party B.

7.   The parties hereto agree to further clarify matters relating to the
     operation of Party B pursuant to provisions herein.

<PAGE>

     NOW THEREFORE, the parties hereto through mutual negotiations hereby agree
     as follows:

1.   In order to ensure Party B's normal operation, Party A agrees, subject to
     Party B's satisfaction of the relevant provisions herein, to act as the
     guarantor for Party B in the contracts, agreements or transactions in
     association with Party B's operation between Party B and any other third
     party and to provide full guarantee for Party B in performing such
     contracts, agreements or transactions subject to applicable laws. Party B
     agrees to mortgage the receivables of its operation and all of the
     company's assets which have not been mortgaged to any third party as at the
     execution date of this Agreement to Party A as a counter guarantee.
     Pursuant to the above guarantee arrangement, Party A, as the guarantor for
     Party B, shall enter into written guarantee contracts with Party B's
     counter parties at their request.

2.   In consideration of the requirement of Article 1 herein and to ensure the
     performance of the various operation agreements between Party A and Party B
     and to ensure the payment of the various payables by Party B to Party A,
     Party B together with its shareholders Party C and Party D, hereby jointly
     agree that Party B shall not conduct any transaction which may materially
     affect its assets, obligations, rights or the company's operation without
     obtaining a prior written consent from Party A or Party A's Affiliates,
     including without limitations to the following contents:

     2.1 To borrow money from any third party or assume any debt;

     2.2 To sell to any third party or acquire from any third party any assets
     or rights, including without limitations to any intellectual property
     rights;

     2.3 To provide real guarantee for any third party with its assets or
     intellectual property rights; and

     2.4 To assign to any third party the rights and obligations under this
     Agreement.

3.   In order to ensure the performance of the various agreements between Party
     A and Party B and to ensure the payment of the various payables by Party B
     to Party A, Party B together with its shareholders Party C and Party D
     hereby jointly agree to accept the provision of the corporate policies and
     guidance by Party A at any time in respects of appointment and dismissal of
     the company's employees, the company's daily operation administration and
     the company's financial administrative system.

4.   Party B together with its shareholders Party C and Party D hereby jointly
     agree that Party B, Party C and Party D shall appoint the personnel
     recommended by Party A as the directors of Party B, and Party B shall
     engage Party A's high ranking officers recommended by Party A as Party B's
     General Manager, Chief

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     Financial Officer, and other high ranking officers. If any of the above
     directors or officers recommended by Party A leaves on a voluntary basis or
     is fired by Party A, he or she will lose the qualification to undertake any
     positions in Party B and Party B, Party C and Party D shall appoint other
     high ranking officers of Party A recommended by Party A to undertake such
     position.

     To ensure the performance of such arrangement, Party A and Party B agree to
cause such directors and high ranking officers to enter into director or high
ranking officer engagement agreements with Party B in compliance with the above
arrangement.

     Party C and Party D hereby agree to sign an authorization agreement upon
execution of this Agreement, by which Party C and Party D will authorize the
individual employed by Party A to exercise all of their respective voting rights
as a shareholder at Party B's shareholder meetings according to laws and
articles of association of the company.

5.   Party B together with its shareholders Party C and Party D hereby jointly
     agree and confirm that except the stipulation set forth in Article 1
     herein, Party B shall seek a guarantee from Party A first if Party B needs
     any guarantee for its performance of any contract or loan of working
     capital in the course of operation. In this case, Party A shall have the
     right but not the obligation to provide appropriate guarantee to Party B on
     its own discretion. If Party A decides not to provide such guarantee, Party
     A shall issue a written notice to Party B immediately and Party B shall
     seek a guarantee from other third party.

6.   In the event that any of the agreements between Party A and Party B
     terminates or expires, Party A shall have the right but not the obligation
     to terminate all agreements between Party A and Party B including without
     limitation to Exclusive Technical Consulting and Services Agreement.

7.   Any amendment and supplement of this Agreement shall be in a written form.
     The amendment and supplement after being duly executed by each Party shall
     be part of this Agreement and shall have the same legal effect as this
     Agreement.

8.   This Agreement shall be governed by and construed in accordance with the
     PRC law.

9.   The parties shall strive to settle any dispute arising from the
     interpretation or performance in connection with this Agreement through
     friendly consultation. In case no settlement can be reached through
     consultation, each party can submit such matter to China International
     Economic and Trade Arbitration Commission ("CIETAC") for arbitration in
     accordance with the current rules of CIETAC. The arbitration proceedings
     shall take place in Beijing and shall be conducted in Chinese. The
     arbitration award shall be final and binding upon the parties.

10.  Notice. Any notice which is given by the parties hereto for the purpose of
     performing the rights, duties and obligations hereunder shall be in
     writing. Where such notice is

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     delivered personally, it shall be deemed to have been served at the time
     when such notice actually reaches the addressee; where such notice is
     transmitted by telex or facsimile, it shall be deemed to have been served
     at the time when such notice is transmitted. If such notice does not reach
     the addressee on business day or reaches the addressee after the business
     time, it shall be deemed to have been served on the next business day
     following such day. The delivery place shall be the address first written
     above of the parties hereto or the address advised in writing from time to
     time. The written form shall include facsimile and telex.

11.  This Agreement shall be executed by a duly authorized representative of
     each party as of the date first written above and become effective
     simultaneously. The Agreement is for a term of ten years unless early
     termination occurs in accordance with the relevant provisions herein. This
     Agreement may be renewed only upon Party A's written confirmation prior to
     the term of this Agreement expires. The renewed term shall be determined
     pursuant to Party A's written confirmation.

12.  This Agreement shall be terminated on the expiry date unless it is renewed
     in accordance with the relevant provision herein. During the term of this
     Agreement, Party B, Party C and Party D shall not terminate this Agreement
     prior to its expiry. Notwithstanding the above stipulation, Party A shall
     have the right to terminate this Agreement at any time by issuing a thirty
     days prior written notice to Party B, Party C and Party D.

13.  This Agreement is executed in four copies in Chinese.

     IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly
executed on their behalf by their duly authorized representatives as of the date
first written above.

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Operating Agreement

(No text on this page)

Party A: Hurray! Times Communications (Beijing) Ltd. (Seal affixed)

Authorized Representative: Signed
Name:
Position:
Date:

Party B: Beijing Enterprise Network Technology Co., Ltd. (Seal affixed)

Authorized Representative: Signed
Name:
Position:
Date:

Party C: Sun Hao (Signed)

Date:

Party D: Wang Xiaoping (Signed)

Date:

                                        5<PAGE>

                                                                   Exhibit 10.85

                   Beijing Enterprise Network Technology Ltd.

        CONTRACT RELATING TO EXCLUSIVE PURCHASE RIGHT OF EQUITY INTEREST

                           Dated as of August 15, 2004

<PAGE>

                              CONTRACT RELATING TO
               THE EXCLUSIVE PURCHASE RIGHT OF AN EQUITY INTEREST

The Contract Relating to the Exclusive Purchase Right of An Equity Interest,
dated as of August 15, 2004 (this "Contract"), is made in Beijing by and among:

     (1)  Hurray! Holding Co., Ltd., a limited company incorporated in Cayman
          Islands, with the address at Century Yard, Cricket Square, Hutchins
          Drive, P.O. Box 2681GT, George Town, Grand Cayman, British West Indies
          (the "Party A");

     (2)  Wang Xiaoping, Citizen of the People's Republic of China (the "PRC"),
          holding the Identification Card of the PRC (No. 440112611107062), with
          the address at Room 2, No. 47 Dayuan, 470 Xingangzhoulu, Guangzhou
          (the "Party B"); and

     (3)  Beijing Enterprise Network Technology Co., Ltd., a limited liability
          company organized and existing under the laws of the PRC, with the
          registered address at Room 826, Huizhong Building, No.1 Shangdi No.7
          Street, Haidian District, Beijing (the "Party C").

     As used in this Contract, Party A, Party B, and Party C is "the Party"
     respectively, and "Parties to the Contract" in all.

     WHEREAS,

     1.   Party B has the ownership of 50% equity interest in Party C.

     2.   Party C and Hurray! Times Communications (Beijing) Ltd., a 100% owned
          subsidiary company of Party A within PRC, entered into a series of
          contracts such as Exclusive Technical Consulting and Services
          Agreement.

NOW, THEREFORE, the parties to this Contract hereby agree as follows:

1.   Purchase and Sale of Equity Interest
     ------------------------------------

Section 1.1 Authorization
            -------------

Party B hereby irrevocably grants to Party A, under the laws of the PRC, an
irrevocable exclusive right ("Purchase Right of Equity Interest") for Party A or
one or more persons designated by Party A (the "Designated Persons") to purchase
(in accordance with steps decided by Party A and at the price specified in
Section 1.3 hereof) at any time from Party B all or part of Party B's equity
interest in Party C. Except for Party A and the Designated Persons, Party B
shall not grant such right to any other party. Party C hereby

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agrees to the delivery of Purchase Right of Equity Interest from Party B to
Party A. As specified in this Section and this Contract, "person" has the
meaning of Person, Corporation, Joint Venture, Partnership, Enterprise, Trust or
Non-Corporation Organization.

Section 1.2 Steps
            -----

     The performance of Purchase Right of Equity Interest of Party A shall be
upon and subject to the laws and regulations of PRC. Party A shall send a
written notice (the "Notice of Purchase of Equity Interest") to Party B upon its
performance of Purchase Right of Equity Interest, the Notice of Purchase of
Equity Interest shall have in it the following contents:

     (a)  Party A's decision of the performance of purchase right;

     (b)  The Equity Interest to be purchased by Party A from Party B (the
          "Purchased Equity Interest");

     (c)  Purchase Date/Equity Interest Transfer Date.

Section 1.3 Purchase Price
            --------------

Except as requested by law to evaluate, the price of the Purchased Equity
Interest ("Purchase Price") shall be an equivalent of the actual amount of the
Purchased Equity Interest contributed by Party B.

The Purchase Price is subject to applicable laws and regulations of PRC.

Section 1.4 Transfer of the Purchased Equity Interest
            -----------------------------------------

Every time upon Party A's performance of the Purchase Right of Equity Interest:

(a)  Party B shall urge Party C to convene the shareholders meeting, and during
     the meeting, to pass the resolution to transfer the equity interest from
     Party B to Party A and/or the Designated Persons;

(b)  Party B shall, upon the terms and conditions of this Contract and the
     Notice of Purchase of Equity Interest, enter into Equity Interest Transfer
     Contract with Party A (or the Designated Persons, as the case may be);

(c)  The related parties shall execute all other requisite contracts, agreements
     or documents, acquire all requisite approval and consent of the government,
     and, without any security interest, perform all requisite action to
     transfer the valid ownership of the Purchased Equity Interest to Party A
     and/or the Designated Person, and to cause Party A and/or the Designated
     Person to be the registered owner of the Purchased Equity Interest. For
     this Section and this Contract, "Security Interest" has

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     the meaning of security, mortgage, right or interest of the third party,
     any purchase right of equity interest, right of acquisition, right of first
     refusal, right of set-off, ownership detainment or other security
     arrangements. To further define the meaning, it does not include any
     security interest subject to this Contract or the equity interest pledge
     contract of Party B. As described in this Section and this Contract, "the
     Equity Interest Pledge Contract of Party B" has the meaning of the Equity
     Interest Pledge Contract entered into by Hurray! Times Communications
     (Beijing) Ltd. and Party B dated as of the execution date of this Contract.
     According to the said Contract, to secure Party C to perform the
     obligations subject to the Exclusive Technology Consulting and Service
     Agreement entered into between Party C and Hurray! Times Communications
     (Beijing) Ltd., Party B pledges all its equity interest in Party C to
     Hurray! Times Communications (Beijing) Ltd.

Section 1.5 Payment
            -------

Upon the performance of the Purchase Right of Equity Interest by Party A, the
Purchase Price shall be determined in compliance with the PRC laws and
regulation then in effect.

2.   Promises Relating to Equity Interest
     ------------------------------------

Section 2.1 Undertaking of Party C
            ----------------------

Party C hereby undertakes:

(1)  Without prior written consent by Party A or Hurray! Times Communications
     (Beijing) Ltd., Party A's Affiliate in PRC, not, in any form, to
     complement, change or renew the Articles of the Association of Party C, to
     increase or decrease its registered capital, or to change the structure of
     the registered capital in any other forms;

(2)  Pursuant to good financial and business standard and practice, to maintain
     the existence of the corporation, prudently and effectively operate
     business and process affairs;

(3)  Without prior written consent by Party A or Hurray! Times Communications
     (Beijing) Ltd., Party A's Affiliate in PRC, not, from the execution date of
     this Contract, to sell, transfer, mortgage or otherwise dispose of any
     legitimate or beneficial interest of the assets, business or income of
     Party C, or to approve any other security interest set on it;

(4)  Without prior written notice by Party A or Hurray! Times Communications
     (Beijing) Ltd., Party A's Affiliate in PRC, no debt shall take place, be
     inherited, be guaranteed, or be allowed to exist, with the exception of:
     (i) debt from normal or daily business but not from borrowing; (ii) debt
     having been disclosed to Party A or having gained

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<PAGE>

     written consent from Party A;

(5)  To carry out all operations in the ordinary course of business to maintain
     the asset value of Party C, without taking any action/having omission which
     would sufficiently have an adverse impact on the operation and asset value;

(6)  Without prior written consent by Party A or Hurray! Times Communications
     (Beijing) Ltd., Party A's Affiliate in PRC, not to enter into any material
     contract, with the exception of the contract entered into in the ordinary
     course of business (As in this paragraph, a contract with a value more than
     RMB One Million (RMB1,000,000) shall be deemed as a material contract);

(7)  Without prior written consent by Party A or Hurray! Times Communications
     (Beijing) Ltd., Party A's Affiliate in PRC, not to provide loan or credit
     loan to anyone;

(8)  Upon the request of Party A, to provide all operation and financial
     materials relevant to Party C;

(9)  Party C purchases and holds all insurance from the insurance company
     accepted by Party A, the insurance amount and category shall be the same
     with those held by the companies in the same area, operating the similar
     business and owning the similar properties and assets;

(10)  Without prior written consent by Party A or Hurray! Times Communications
     (Beijing) Ltd., Party A's Affiliate in PRC, not to merge or associate with
     any person, or purchase any Person or invest in any Person;

(11) To immediately notify Party A of the occurrence or the possible occurrence
     of litigation, arbitration or administrative procedure related to the
     assets, business and income of Party C;

(12) In order to keep the ownership of Party C to all its assets, to execute all
     requisite or appropriate documents, do all requisite or appropriate action,
     and advance all requisite or appropriate accusation, or make requisite or
     appropriate defense for all claims;

(13) Without prior written notice by Party A, not to pay dividends to
     shareholders in any form, but upon the request of Party A, to distribute
     all or part of its distributable profits to their own shareholders; and

(14) Upon the request of Hurray! Times Communications (Beijing) Ltd., Party A's
     Affiliate in PRC, to appoint any person designated by Hurray! Times
     Communications (Beijing) Ltd. to join the Board of Directors of Party C.

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Section 2.2 Undertaking of Party B
            ----------------------

Party B undertakes:

(1)  Without prior written consent by Party A or Hurray! Times Communications
     (Beijing) Ltd., Party A's Affiliate in PRC, not, from the execution date of
     this Contract, to sell, transfer, mortgage or otherwise dispose of any
     legitimate or beneficial interest of equity interest, or to approve any
     other security interest set on it, with the exception of the pledge set on
     the equity interest of Party B subject to Equity Interest Pledge Contract
     of Party B;

(2)  To cause the authorized representative(s) appointed by it not to approve at
     the Shareholders' meeting without prior written notice by Party A or
     Hurray! Times Communications (Beijing) Ltd., Party A's Affiliate in PRC,
     the sale, transfer, mortgage or otherwise disposal of any legitimate or
     beneficial interest of equity interest, or to approve any other security
     interest set on it, with the exception of the pledge set on the equity
     interest of Party B subject to Equity Interest Pledge Contract of Party B;

(3)  To cause the authorized representative(s) appointed by it not to approve at
     the Shareholders' meeting, without prior written notice by Party A or
     Hurray! Times Communications (Beijing) Ltd., Party A's Affiliate in PRC,
     the merge or association with any person by Party C, or its purchase of or
     investment in any person;

(4)  To immediately notify Party A of the occurrence or the possible occurrence
     of litigation, arbitration or administrative procedure related to the
     equity interest owned by it;

(5)  To cause the authorized representative(s) appointed by it to vote for the
     transfer of the Purchased Equity Interest subject to this Contract at the
     shareholders' meeting;

(6)  In order to keep its ownership of the equity interest, to execute all
     requisite or appropriate documents, do all requisite or appropriate action,
     and advance all requisite or appropriate accusation, or make requisite or
     appropriate defense for all claims;

(7)  Upon the request of Hurray! Times Communications (Beijing) Ltd., Party A's
     Affiliate in PRC, to appoint any person designated by Hurray! Times
     Communications (Beijing) Ltd. to join the Board of Directors of Party C;

(8)  Upon the request of Party A at any time, to immediately transfer its equity
     interest to the representative designated by Party A unconditionally and at
     any time, and waive its right of first refusal over such equity interest
     being transferred to other existing shareholder; and

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(9)  To prudently comply with the terms and conditions of this Contract and
     other contracts entered into jointly or severally by Party B, Party C and
     Party A and Hurray! Times Communications (Beijing) Ltd., to actually
     perform all obligations under these contracts, without taking any action or
     having omission which would sufficiently affect the validity and
     enforceability of these contracts.

3.   Representations and Warranties
     ------------------------------

Representations and Warranties of Party B and Party C
-----------------------------------------------------

Party B and Party C hereby jointly & severally represent and warrant to
-------------------
Party A as of the execution date of this Contract and each of the transfer date,
as follows:

(1)  It has the power and ability to enter into and deliver this Contract, and
     any equity interest transfer contract ("Transfer Contract",) having it as a
     party, for every single transfer of the purchased equity interest according
     to this Contract, and to perform its obligations under this Contract and
     any Transfer Contract. Upon execution, this Contract and the Transfer
     Contracts having it as a party shall constitute a legal, valid and binding
     obligation of it and shall be enforceable against it in accordance with its
     terms;

(2)  The execution, delivery of this Contract and any Transfer Contract and
     performance of its obligations under this Contract and any Transfer
     Contract shall not: (i) result in violation of any relevant laws of PRC;
     (ii) constitute a conflict with Articles of Association or other
     organizational documents; (iii) cause to breach any contract or instruments
     to which it is a party or having binding obligation on it, or constitute a
     breach under any contract or instruments to which it is a party or having
     binding obligation on it; (iv) cause to violate relevant authorization of
     any consent or approval to it and/or any continuing valid condition; or (v)
     cause any consent or approval authorized to it to be suspended, removed, or
     into which other requests be added;

(3)  Party B bears the good title to and marketable ownership of its equity
     interest in Party C. Party B does not set any security interest on the said
     equity interest, with the exception of the pledge of equity interests
     agreed by Party A and Hurray! Times Communications (Beijing) Ltd., Party
     A's Affiliate in PRC;

(4)  Party C does not have any outstanding debt, with the exception of (i) debt
     from its normal business; and (ii) debt having been disclosed to Party A
     and having gained written consent from Party A;

(5)  Party C abides by all laws and regulations applicable to the purchase of
     assets; and

(6)  There is litigation, arbitration or administrative procedure in respect of
     equity interest, assets of Party C or the corporation to be ongoing or
     pending or likely to take place.

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4.   Effective Date
     --------------

     This Contract shall become effective once it is signed, with a term of 10
     years, and can be extended for 10 years at the discretion of Party A.

5.   Applicable Law and Dispute Resolution
     -------------------------------------

Section 5.1 Applicable Law
            --------------

The execution, validity, interpretation and performance of this Contract, and
resolution of the disputes under this Contract, shall be governed by the laws of
PRC.

Section 5.2 Dispute Resolution
            ------------------

Any dispute arising from the interpretation and performance of this Contract
shall be settled through friendly consultation between the parties to this
Contract. If no settlement can be reached through such consultation within
thirty (30) days after the written notice is sent by one party to the other
requesting to settle the dispute, then either party shall have the right to
refer the matter to China International Economic and Trade Arbitration
Commission, for arbitration according to the its arbitration rules then in
effect. The arbitration shall take place in Beijing. The arbitration award is
final, and is binding upon the parties hereto.

6.   Taxes and Expenses
     ------------------

Each party shall, according to laws of PRC, bear any and all taxes of the
transfer and registration, costs and expenses for the preparation and execution
of this Contract and all Transfer Contracts, and those incurred by or imposed on
it for completion of the transactions contemplated under this Contract and all
Transfer Contracts.

7.   Notices
     -------

This Contract requires that notices or other communications sent by any party or
corporation shall be written in Chinese, and be delivered in person, by mail or
fax to other parties at the following addresses or other specified addresses
informed by other parties to the party. The date deemed to be duly given or made
shall be confirmed as follows: (a) for notices delivered in person, the date of
delivery shall be deemed as having been duly given or made; (b) for notices
delivered by mail, the tenth day of the delivery date of air registered mail
with postage prepaid (as shown on stamp), or the fourth day of the delivery to
an express service company accepted internationally shall be deemed as having
been duly given or made; and (c) for notices by fax, the receipt date shown on
the delivery confirmation of the relevant document shall be deemed as having
been duly given or made.

Party A: Hurray! Holding Co., Ltd.

                                        8

<PAGE>

Address:   Century Yard, Cricket Square, Hutchins Drive, P.O. Box 2681GT, George
           Town, Grand Cayman, British West Indies

Party B:   Wang Xiaoping
Address:   Room 2, No. 47 Dayuan, 470 Xingangzhonglu, Guangzhou

Party C:   Beijing Enterprise Network Technology Co., Ltd.
Address:   Room 826, Huizhong Building, No.1 Shangdi No.7 Street, Haidian
           District, Beijing

8.   Confidentiality
     ---------------

Both the parties acknowledge and confirm that any oral or written materials
exchanged by the parties relating to this Contract are confidential. Both
parties shall keep all such materials in strict confidence. Without written
approval by the other party, the party shall not disclose to any third party any
relevant materials, but with the exception of the following: (a) the public know
or may know such materials (but not disclosed by the party accepting the
materials without authorization); (b) materials needed to be disclosed subject
to applicable laws; or (c) any party necessarily discloses materials to its
legal or financial consultant relating the transaction of this Contract, and
this legal or financial consultant shall have the obligation of confidentiality
similar to that set forth in this Section. The breach of the obligation of
confidentiality by staff or institution employed by any party shall be deemed as
the breach of such obligation by that party, and by whom the liabilities for
breach shall be borne. No matter this Contract may terminate by any reason, this
Section shall continue in force and effect.

9.   Further Warranties
     ------------------

The Parties to the Contract agree to promptly execute documents reasonably
requisite to the performance of the provisions and the aim of this Contract or
documents beneficial to it, and to take actions reasonably requisite to the
performance of the provisions and the aim of this Contract or actions beneficial
to it.

10.  Miscellaneous
     -------------

Section 10.1 Amendment, Modification and Supplement
             --------------------------------------

Amendment, modification and supplement of this Contract shall be subject to the
written agreement executed by each party.

Section 10.2 Observance of Laws and Regulations
             ----------------------------------

The parties to the contract shall observe and ensure the operation of each party
to be fully complied with all laws and regulations of PRC officially published
and publicly available.

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Section 10.3 Entire Contract
             ---------------

Except for a written amendment, supplement and modification of this Contract
following the date of execution, this contract constitutes the entire contract
of the parties hereto with respect to the subject matter hereof and supersedes
all prior oral or written agreements, representation and contracts with respect
to the subject matter hereof.

Section 10.4 Headings
             --------

The headings contained in this Contract are for convenience of reference only
and shall not affect the interpretation, explanation or in any other way the
meaning of the provisions of this Contract.

Section 10.5 Language
             --------

This Agreement is executed in Chinese in three copies.

Section 10.6 Severability
             ------------

If any one or more provisions of this Contract are judged as invalid, illegal or
non-enforceable in any way according to any laws or regulations, the validity,
legality and enforceability of other provisions hereof shall not be affected or
impaired in any way. All parties shall, through sincere consultation, seek to
replace those invalid, illegal or non-enforceable provisions with valid ones,
and the economic effects brought by the valid provisions shall be similar to
those effects brought by those invalid, illegal or non-enforceable provisions as
much as possible.

Section 10.7 Successor
             ---------

This Contract shall be binding upon and beneficial to the successor of each
party and the transferee allowed by each party.

Section 10.8 Survival
             --------

(a)  Any obligation arising at termination or early termination hereof or
     any obligation which has been due shall continue in force and effect after
     the termination or early termination of the Contract.

(b)  Section 5, Section 8 and Section 10.8 hereof shall continue in force and
     effect after the termination of this Contract.

Section 10.9 Waiver
             ------

Any party to this Contract may waive the terms and conditions of this Contract.
Such waiver shall be valid only if set forth in an instrument in writing signed
by the party or parties to be bound thereby. Any waiver by a party to the breach
hereof by other parties in certain situation shall not be construed as a waiver
to any similar breach by other parties in other situation.

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<PAGE>

IN WITNESS THEREFORE, the parties hereof have caused the Contract Relating to
the Exclusive Purchase Right of An Equity Interest to be executed by their duly
authorized representatives as of the date first written above.

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<PAGE>

Party A: Hurray! Holding Co., Ltd. (Seal affixed)

By: /s/ Signed
    ------------------------------------
Name:
Title:

Party B: Wang Xiaoping

By: /s/ Signed
    ------------------------------------
Name:

Party C: Beijing Enterprise Network Technology Co., Ltd. (Seal affixed)

By: /s/ Signed
    ------------------------------------
Name:
Title:

                                       12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]