Document:

DATED: 30
April 2008

    Hong
Kong/020/063588-00001/JDH/MRH:

    L_LIVE_APAC1:530139v2

     

    Amendment
and Restatement Agreement

     

    between

     

    Xdlong
International Company Limited

    as
Company

    

     

    Elevatech
Limited

    as
Investor

     

    and

     

    Mr Lin
Shuipan

    as
Founder Shareholder

     

    relating
to

     

    a
Subscription Agreement dated 28 March 2008

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    THIS
AGREEMENT is
dated 30 April 2008 and made

    

    BETWEEN:

     

    
      	
              (1)

            	
              XDLONG
      INTERNATIONAL COMPANY LIMITED, (“Company”), registered in the Cayman Islands having
      company number CT-207339 and having its registered office at Cricket
      Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman
      Islands;

            

    

    
      	
              (2)

            	
              ELEVATECH
      LIMITED,
      (“Investor”), a
      company incorporated in Hong Kong and having its registered office at
      68th
      Floor, Cheung Kong Center, 2 Queen’s Road Central, Hong Kong;
      and

            

    

    
      	
              (3)

            	
              MR
      LIN SHUIPAN (“Founder
      Shareholder”), holder of PRC
      passport number G14386872 of No. 103, Qiancanggong Road, Huatingkou
      Village, Chendai Town, Jinjiang City, Fujian Province,
  PRC.

            

    

     

    Background:

    

    
      	
              A.

            	
              The
      parties to this Agreement (“Parties”) are parties to a subscription agreement
      with respect to a certain number of preferred shares in the issued share
      capital of the Company dated 28 March 2008 (“Subscription
      Agreement”).

            

    

    

    
      	
              B.

            	
              The
      Parties have agreed to amend and restate the Subscription Agreement on and
      subject to the terms of this
Agreement.

            

    

     

    IN
CONSIDERATION OF THE MUTUAL PROMISES CONTAINED IN THIS AGREEMENT THE PARTIES
AGREE as
follows:

    

    
      	
              1.

            	
              Interpretation

            

    

    

    
      	
              1.1

            	
              The
      terms of clauses 1.1 and 1.2 of the Subscription Agreement shall apply to
      this Agreement with such changes as are
  necessary.

            

    

    

    
      	
              2.

            	
              Amendments to the
      Subscription Agreement

            

    

     

    
      	
              2.1

            	
              With
      effect from the date of this Agreement, the Subscription Agreement is
      amended and restated by:

            

    

     

    
      	
               
      

            	
              (A)

            	
              deleting
      the words struck out in the copy of the Subscription Agreement that is
      annexed to this Agreement as Annexure A;
and

            

    

     

    
      	
               
      

            	
              (B)

            	
              inserting
      the words which are double underlined in the copy of the Subscription
      Agreement that is annexed to this Agreement as Annexure
  A.

            

    

     

    
      	
              2.2

            	
              With
      effect from the date of this Agreement, the rights and obligations of the
      parties to the Subscription Agreement shall be governed by the
      Subscription Agreement as amended and restated in the form annexed to this
      Agreement as Annexure A.

            

    

     

    
      	
              3.

            	
              Amendments
      not to Affect Validity, Rights or
  Obligations

            

    

     

    
      	
              3.1

            	
              Continuing
      Provisions

            

    

     

    The
provisions of the Subscription Agreement shall, in respect of the period up to
the date of this Agreement, continue in full force and effect in accordance with
their terms.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              3.2

            	
              No Prejudice or
      Discharge

            

    

     

    Nothing
in this Agreement:

     

    
      	
               
      

            	
              (A)

            	
              prejudices
      or adversely affects any right, power, authority, discretion or remedy
      arising under the Subscription Agreement before the date of this
      Agreement; or

            

    

     

    
      	
               
      

            	
              (B)

            	
              discharges,
      releases or otherwise affects any liability or obligation arising under
      the Subscription Agreement before the date of this
    Agreement.

            

    

     

    
      	
              4.

            	
              General

            

    

     

    
      	
              4.1

            	
              The
      terms of clauses 13.2, 13.5, 13.7 and 13.8 of the Subscription Agreement
      shall be incorporated into this Agreement and have effect in full as if
      set out in this Agreement and as if references therein to “this Agreement”
      are references to this Agreement and such other changes as are
      necessary.

            

    

     

    
      	
              5.

            	
              Law and
      Jurisdiction

            

    

     

    
      	
              5.1

            	
              The
      terms of clause 15 of the Subscription Agreement shall be incorporated
      into this Agreement and have effect in full as if set out in this
      Agreement and as if references therein to “this Agreement” are references
      to this Agreement and such other changes as are
  necessary.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    AS
WITNESS the
hands of the parties or their duly authorised representatives the day and year
first above written.

     

    
      
        
          	
                  Mr
      Lin Shulpan

                  duly
      authorised for and on

                  behalf
      of XDLONG
      INTERNATIONAL

                  COMPANY
      LIMITED

                	
                  )

                  )

                  )

                  )

                	
                  

                
	 
      	 
      	 
      
	
                  SIGNED
      by MR LIN
      SHUIPAN

                	
                  )

                	
                  

                
	 
      	 
      	 
      
	
                  SIGNED
      by Mr Kevin Zhang

                  duly
      authorised for and on

                  behalf
      of the ELEVATECH
      LIMITED

                	
                  )

                  )

                  )

                	 
      

        

      

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    AS
WITNESS the
hands of the parties or their duly authorised representatives the day and year
first above written.

     

    
      
        
          
            	
                    Mr
      Lin Shuipan

                    duly
      authorised for and on

                    behalf
      Of XDLONG
      INTERNATIONAL

                    COMPANY
      LIMITED

                  	
                    )

                    )

                    )

                    )

                  	 
      
	 
      	 
      	 
      
	
                    SIGNED
      by MR LIN
      SHUIPAN

                  	
                    )

                  	 
      
	 
      	 
      	 
      
	
                    SIGNED
      by Mr Kevin Zhang

                    duly
      authorised for and on

                    behalf
      of the ELEVATECH
      LIMITED

                  	
                    )

                    )

                    )

                  	
                    

                  

          

        

      

    

    
      
         

      

      
        3DATED: 30
April 2008

    Hong
Kong/020/063588-00001/JDH/MRH :

    L_LIVE_APAC1:530081v3

    

    Amendment
and Restatement Agreement

     

    between

     

    Mr Lin
Shuipan and Richwise International Investment Group Limited

    as
Selling Shareholders

     

    Dr Shi
Jinlei

    as
Indemnifier

     

    Elevatech
Limited

    as
Investor

     

    and

     

    Xdlong
International Company Limited

    as
Company

    

    relating
to

     

    a Share
Purchase Agreement dated 28 March 2008

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    THIS
AGREEMENT is dated 30 April 2008 and made

    

    BETWEEN:

     

    
      	
              (1)

            	
              MR
      LIN SHUIPAN, (“Founder
      Shareholder”) holder of PRC
      passport number G14386872 of No. 103, Qiancanggong Road, Huatingkou
      Village, Chendai Town, Jinjiang City, Fujian Province,
  PRC;

            

    

     

    
      	
              (2)

            	
              RICHWISE
      INTERNATIONAL INVESTMENT GROUP LIMITED, (“Richwise”) a
      company incorporated in the British Virgin Islands having its registered
      office at Sea Meadow House, Blackburne Highway, Road Town, Tortola,
      British Virgin Islands;

            

    

     

    
      	
              (3)

            	
              DR
      SHI JINLEI (“Indemnifier”),
      holder of Hong Kong identity card number R314914(4), whose address is at
      2/F, Eton Tower, 8 Hysan Avenue, Causeway Bay, Hong
  Kong;

            

    

     

    
      	
              (4)

            	
              ELEVATECH
      LIMITED, (“Investor”), a
      company incorporated in Hong Kong and having its registered office at
      68th
      Floor, Cheung Kong Center, 2 Queen’s
      Road, Central, Hong Kong; and

            

    

     

    
      	
              (5)

            	
              XDLONG
      INTERNATIONAL COMPANY LIMITED, (“Company”),
      registered in the Cayman Islands having company number CT-207339 and
      having its registered office at Cricket Square, Hutchins Drive, P.O. Box
      2681, Grand Cayman KY1-1111, Cayman
Islands.

            

    

     

    Background:

     

    
      	
              A.

            	
              The
      parties to this Agreement (“Parties”) are parties to a sale
      and purchase agreement with respect to a certain number of preferred
      shares in the issued share capital of the Company dated 28 March 2008
      (“Share Purchase
      Agreement”).

            

    

     

    
      	
              B.

            	
              The
      Parties have agreed to amend and restate the Share Purchase Agreement on
      and subject to the terms of this
Agreement.

            

    

     

    IN
CONSIDERATION OF THE MUTUAL PROMISES CONTAINED IN THIS AGREEMENT THE PARTIES
AGREE as follows:

     

    
      	
              1.

            	
              Interpretation

            

    

     

    
      	
              1.1

            	
              The
      terms of clauses 1.1 and 1.2 of the Share Purchase Agreement shall apply
      to this Agreement with such changes as are
  necessary.

            

    

     

    
      	
              2.

            	
              Amendments
      to the Share Purchase
Agreement

            

    

     

    
      	
              2.1

            	
              With
      effect from the date of this Agreement, the Share Purchase Agreement is
      amended and restated by:

            

    

     

    
      	
               
      

            	
              (A)

            	
              deleting
      the words struck out in the copy of the Share Purchase Agreement that is
      annexed to this Agreement as Annexure A;
and

            

    

     

    
      	
               
      

            	
              (B)

            	
              inserting
      the words which are double underlined in the copy of the Share Purchase
      Agreement that is annexed to this Agreement as Annexure
  A.

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              2.2

            	
              With
      effect from the date of this Agreement, the rights and obligations of the
      parties to the Share Purchase Agreement shall be governed by the Share
      Purchase Agreement as amended and restated in the form annexed to this
      Agreement as Annexure A.

            

    

     

    
      	
              3. 

            	
              Amendments
      not to Affect Validity, Rights or
  Obligations

            

    

     

    
      	
              3.1 

            	
              Continuing
      Provisions

            

    

     

    The
provisions of the Share Purchase Agreement shall, in respect of the period up to
the date of this Agreement, continue in full force and effect in accordance with
their terms.

     

    
      	
              3.2

            	
              No Prejudice or
      Discharge

            

    

     

    Nothing
in this Agreement:

     

    
      	
               
      

            	
              (A)

            	
              prejudices
      or adversely affects any right, power, authority, discretion or remedy
      arising under the Share Purchase Agreement before the date of this
      Agreement; or

            

    

     

    
      	
               
      

            	
              (B)

            	
              discharges,
      releases or otherwise affects any liability or obligation arising under
      the Share Purchase Agreement before the date of this
      Agreement.

            

    

     

    
      	
              4.

            	
              General

            

    

     

    
      	
              4.1

            	
              The
      terms of clauses 13.2, 13.5, 13.7 and 13.8 of the Share Purchase Agreement
      shall be incorporated into this Agreement and have effect in full as if
      set out in this Agreement and as if references therein to “this Agreement”
      are references to this Agreement and such other changes as are
      necessary.

            

    

     

    
      	
              5.

            	
              Law
      and jurisdiction

            

    

     

    
      	
              5.1

            	
              The
      terms of clause 15 of the Share Purchase Agreement shall be incorporated
      into this Agreement and have effect in full as if set out in this
      Agreement and as if references therein to “this Agreement” are references
      to this Agreement and such other changes as are
  necessary.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    AS
WITNESS the hands of the parties or their duly authorised representatives
the day and year first above written.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    SIGNED by MR
      LIN SHUIPAN

                                  	
                                    )

                                  	
                                    

                                  
	 
      	 
      	 
      
	
                                    SIGNED
      by Dr Kenry Shi

                                    duly
      authorised for and on

                                    behalf of RICHWISE INTERNATIONAL

                                    INVESTMENT
      GROUP LIMITED

                                  	
                                    )

                                    )

                                    )

                                    )

                                  	
                                    

                                  
	 
      	 
      	 
      
	
                                    SIGNED by DR.
      KENRY SHI

                                  	
                                    )

                                  	
                                    

                                  
	 
      	 
      	 
      
	
                                    SIGNED
      by Mr Kevin Zhang

                                    duly
      authorised for and on

                                    behalf of the ELEVATECH
      LIMITED

                                  	
                                    )

                                    )

                                    )

                                  	 
      
	 	 	 
	
                                    SIGNED
      by Mr Lin Shuipan

                                    duly
      authorised for and on

                                    behalf of XDLONG INTERNATIONAL

                                    COMPANY
      LIMITED

                                  	
                                    )

                                    )

                                    )

                                     

                                  	
                                    

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    AS
WITNESS the hands of the parties or their duly authorised representatives
the day and year first above written.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  SIGNED by MR
      LIN SHUIPAN

                                	
                                  )

                                	 
      
	 	 	 
	 
      	 
      	 
      
	
                                  SIGNED
      by Dr Kenry Shi

                                  duly
      authorised for and on

                                  behalf of RICHWISE INTERNATIONAL

                                  INVESTMENT
      GROUP LIMITED

                                	
                                  )

                                  )

                                  )

                                  )

                                	 
      
	 	 	 
	 
      	 
      	 
      
	
                                  SIGNED by DR.
      KENRY SHI

                                	
                                  )

                                	 
      
	 	 	 
	 
      	 
      	 
      
	
                                  SIGNED
      by Mr Kevin Zhang

                                  duly
      authorised for and on

                                  behalf of the ELEVATECH
      LIMITED

                                	
                                  )

                                  )

                                  )

                                	
                                  

                                
	 	 	 
	 
      	 
      	 
      
	
                                  SIGNED
      by Mr Lin Shuipan

                                  duly
      authorised for and on

                                  behalf of XDLONG INTERNATIONAL

                                  COMPANY
      LIMITED

                                	
                                  )

                                  )

                                  )

                                	 
      

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]