Document:

Supplemental Agreement to Acquisition Framework Agreement

 Exhibit 10.36 
 English Translation of Chinese Language Agreement 
 CONFIDENTIAL 
 FULLY REDACTED VERSION 
 Supplemental Agreement to Acquisition Framework Agreement 
 THIS SUPPLEMENTAL AGREEMENT TO THE ACQUISITION FRAMEWORK AGREEMENT (the
“Agreement”) is entered into by and among the following parties in Suzhou, Jiangsu Province, China on October 30, 2008: 
 PARTIES:

 Beijing Feijie Investment Co., Ltd. (the “Acquirer”) 
 Legal representative: Qixian Kuang 
 Title: Executive Director 
 Zhuqun Peng (the “Controlling Party”) 
 Identity card number: 320626197005208816 
 The companies and individual industrial and commercial households listed in Schedule 1 (collectively, the “Transferors”) 
 In this Agreement, each of the Acquirer, the Controlling Party and the Transferors is separately referred to as a “Party” and collectively as the
“Parties.” Unless specifically noted or otherwise specified, words or terms used in this Agreement, other than those defined herein, shall have the meanings specified in the Acquisition Framework Agreement. 
 RECITALS: 
  

	1.	WHEREAS the Acquirer, the Controlling Party and the Transferors have executed the acquisition framework agreement (the “Acquisition Framework Agreement”) on
May 5, 2008. 

  

	2.	WHEREAS the Acquirer and the Controlling Party have executed the operation and management agreement (the “Operation and Management Agreement”) on May 5, 2008.

  

	3.	WHEREAS, pursuant to the provisions of the Acquisition Framework Agreement entered into by the Parties, the Controlling Party and Suzhou Guanzhilin Mobile 

 
 Confidential treatment has been requested for portions of this exhibit. The copy filed
herewith omits the information subject to the confidentiality request. Omissions are designated as [*****]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. 
  

 1 

  
 CONFIDENTIAL

  

 
Phones Hypermarket Co., Ltd. (“Suzhou Guanzhilin” and, together with the Controlling Party, the “Shareholders of Jiangsu
Guanzhilin”) jointly formed Jiangsu Guanzhilin Mobile Phones Hypermarket Co., Ltd. (“Jiangsu Guanzhilin”) with a Registered Capital of RMB 100,000,000, in which the Controlling Party will contribute RMB 49,000,000,
accounting for 49% of the total Registered Capital, and Suzhou Guanzhilin will contribute RMB 51,000,000, accounting for 51% of the total Registered Capital. By July 1, 2008, the Controlling Party and Suzhou Guanzhilin had contributed RMB
40,000,000 in total to the Registered Capital of Jiangsu Guanzhilin, in which Suzhou Guanzhilin paid RMB 20,400,000 and the Controlling Party paid RMB 19,600,000. A sum of RMB 60,000,000 has yet to be contributed, of which RMB 30,600,000 is to be
paid by Suzhou Guanzhilin (the “Outstanding Contribution of Suzhou Guanzhilin”) and RMB 29,400,000 is to be paid by the Controlling Party (the “Outstanding Contribution of Controlling Party” and, together with the
“Outstanding Contribution of Suzhou Guanzhilin, the “Outstanding Contributions”). 
  

	4.	WHEREAS the Acquirer signed a payment adjustment confirmation letter (the “Payment Adjustment Confirmation Letter”) on June 24, 2008, in which the Acquirer
confirmed and agreed to certain adjustments to the payment of the Registered Capital contribution and the Acquisition Consideration of Jiangsu Guanzhilin. 

  

	5.	WHEREAS the word “Damaichang” (in Chinese) in Schedule 1 of the Acquisition Framework Agreement shall be amended to “Hypermarket,” certain other information
specified in Schedule 1 of the Acquisition Framework Agreement shall be changed, and the “September 31, 2008” date referenced in the Acquisition Framework Agreement shall be amended to “September 30, 2008.”

  

	6.	WHEREAS the name “Shanghai Yinqi Telecommunications Equipment Co., Ltd. Yancheng Guanzhi Mobile Phones Hypermarket” in Item 7 of Schedule 1 of the Acquisition
Framework Agreement shall be changed to the correct name “Shanghai Yinqi Telecommunications Equipment Co., Ltd. Yancheng Guanzhilin Mobile Phones Hypermarket”(“Yancheng Hypermarket”), and the signatory party to the
Acquisition Framework Agreement shall be Yancheng Hypermarket. Shanghai Yinqi Telecommunications Equipment Co. Ltd. (“Shanghai Yinqi”) passed a shareholder resolution on May 4, 2008, agreeing that Shanghai Yinqi shall enter
into and perform the obligations under Acquisition Framework Agreement and other ancillary agreements with respect to the transfer of the assets and businesses of Yancheng Hypermarket. 

  

	7.	 WHEREAS Jiangsu Guanzhilin, the subsidiaries listed in Schedule 2 (the “Jiangsu Subsidiaries” and, together with Jiangsu Guanzhilin, the
“Jiangsu Companies”), the Controlling Party and the Transferors entered into the Asset and Business Acquisition Agreement (the “Asset and Business Acquisition Agreement”) on September 12, 

  

 2 

  
 CONFIDENTIAL

  

	 	 
2008 and will enter into the Supplemental Agreement to the Asset and Business Acquisition Agreement (including all annexes thereto, the “Supplemental
Asset and Business Acquisition Agreement”) with respect to the closing of the transfer of the Target Assets and the Target Businesses (collectively, the “Asset Closing”). 

  

	8.	WHEREAS pursuant to the provisions of the Acquisition Framework Agreement entered into by the Parties, after Jiangsu Guanzhilin acquires the Target Assets and the Target Businesses
and completes the Asset Closing, Suzhou Guanzhilin shall transfer its 51% equity interests in Jiangsu Guanzhilin to the Acquirer (the “Target Equity Transfer”). The Acquirer and the Shareholders of Jiangsu Guanzhilin will enter into
an equity transfer agreement (the “Equity Transfer Agreement”) with respect to the Target Equity, process the amendment registration with the Administration for Industry and Commerce for the equity transfer and enter into a
supplemental agreement to the Equity Transfer Agreement (the “Supplemental Equity Transfer Agreement”) with respect to the transfer of the Target Equity. 

  

	9.	WHEREAS Articles 6 and 31 of the Acquisition Framework Agreement and Articles 16 and 17 of the Operation and Management Agreement preliminarily set forth provisions concerning the
pledge of the equity already held or to be held by the Controlling Party in Jiangsu Guanzhilin (the “Controlling Party’s Equity”). The Controlling Party, the Acquirer and Jiangsu Guanzhilin will enter into an equity pledge
agreement (including any supplemental agreements, the “Equity Pledge Agreement”) with respect to the detailed arrangement of the pledge of the Controlling Party’s Equity in Jiangsu Guanzhilin. 

  

	10	WHEREAS it is unanimously agreed by the Parties to modify and/or supplement parts of the provisions of the Acquisition Framework Agreement and the arrangement of the pledge of the
Controlling Party’s Equity, and agree on relevant issues in connection with the Asset and Business Acquisition Agreement, the Supplemental Asset and Business Acquisition Agreement, the Equity Transfer Agreement, the Supplemental Equity Transfer
Agreement and the Equity Pledge Agreement. 

 NOW, THEREFORE, the Parties have reached the following agreements through
negotiations: 
 Article 1 The Parties hereby agree and confirm that: (1) relevant parties shall execute the Asset and Business Acquisition
Agreement, the Supplemental Asset and Business Acquisition Agreement, the Equity Transfer Agreement, the Supplemental Equity Transfer Agreement, the Equity Pledge Agreement and other documents required for the purpose of performing the above
agreements; (2) based on the provisions of the Acquisition Framework Agreement and this Agreement, the closing of the transfer of the Target Assets and Target Businesses under the Asset and Business Acquisition Agreement shall be 

  

 3 

  
 CONFIDENTIAL

  

 
executed pursuant to the provisions of the Asset and Business Acquisition Agreement and the Supplemental Asset and Business Acquisition Agreement, while the
transfer of the Target Equity shall be executed pursuant to the provisions of the Equity Transfer Agreement and the Supplemental Equity Transfer Agreement, and the pledge arrangement of the Controlling Party’s Equity shall be executed pursuant
to the Equity Pledge Agreement; (3) the Jiangsu Subsidiaries listed in Schedule 2 attached hereto shall also be the acquirer of the Target Assets and Target Businesses, together with Jiangsu Guanzhilin as the Acquirer of the Target Assets and
Target Businesses; (4) the Acquirer and the Controlling Party shall enter into a supplemental agreement to the Operation and Management Agreement, stipulating that the business, finance, human resource and management of the Jiangsu Subsidiaries
shall be incorporated into Jiangsu Guanzhilin’s operation and management system, the operating performance of the Jiangsu Subsidiaries shall be incorporated into Jiangsu Guanzhilin’s performance review system, and the financial condition
of the Jiangsu Subsidiaries shall be audited and reviewed by the auditor selected by the Parties; (5) unless otherwise specified, “Target Assets,” “Shareholders of Newco,” “Registered Capital,” “the formation
of Newco,” “transfer of the equity in Newco,” “transfer of the equity by the Controlling Party,” “Share Pledge” and other similar terms in the Acquisition Framework Agreement shall exclusively refer to Jiangsu
Guanzhilin, and the terms stipulated in the Acquisition Framework Agreement with respect to “Guaranteed Net Profit Base,” “Undisclosed Liabilities,” “Annualized Net Profit,” “Net Profit,” “Audited
Year,” “Sales Support Income,” “Operating Profit Index Lockup Period,” “Operating Profit Index,” “Performance Reward,” “Audit Reference Date,” “financial report,”
“Affiliate,” “business objectives” and any other similar terms shall be used to assess, examine, calculate and review the performance of the Jiangsu Companies as a whole (the aforesaid terms shall apply to the Jiangsu Companies
as a whole, unless the Acquirer agrees to adjust the applicability of such terms). 
 Article 2 The Parties hereby agree and confirm that:
(1) the word “Damaichang” (in Chinese) in Schedule 1 of the Acquisition Framework Agreement shall be amended as “Hypermarket;” (2) the name “Shanghai Yinqi Telecommunications Equipment Co., Ltd. Yancheng Guanzhi
Mobile Phones Hypermarket,” as in Item 7 of Schedule 1 of the Acquisition Framework Agreement shall be amended to the correct name “Shanghai Yinqi Telecommunications Equipment Co., Ltd. Yancheng Guanzhilin Mobile Phones
Hypermarket,” and (3) the date “September 31, 2008” stated in the Acquisition Framework Agreement shall be amended to “September 30, 2008.” All Parties agree that the above amendments shall be made and the Acquisition
Framework Agreement and other ancillary agreements and documents entered into pursuant to the Acquisition Framework Agreement (including, but not limited to: the Asset and Business Acquisition Agreement, the Supplemental Asset and Business
Acquisition Agreement, the Equity Transfer Agreement, the Supplemental Equity Transfer Agreement, the Operation and Management Agreement and the Supplemental Agreement to the Operation and Management Agreement) shall be performed by the parties
according to the above amendments. 
  

 4 

  
 CONFIDENTIAL

  

 Article 3 The Parties agree and confirm that: (1) “Wujiang Guanzhilin Communications Equipment Co.,
Ltd.” in Item 2 of Schedule 1 of the Acquisition Framework Agreement has been renamed to “Wujiang Guanlin Telecommunications Equipment Co., Ltd.” (“Wujiang Guanlin”) and relevant agreements and documents shall be
signed and issued by using the changed name; (2) Yancheng Hypermarket in Item 7 of Schedule 1 of the Acquisition Framework Agreement is a branch company of Shanghai Yinqi. Both the shareholders of Shanghai Yinqi and Shanghai Yinqi have
agreed to transfer to the Jiangsu Companies the assets and businesses relating to the Target Assets and the Target Businesses controlled and owned by Shanghai Yinqi and owned or operated by Yancheng Hypermarket in accordance with the provisions of
the Acquisition Framework Agreement, this Agreement, the Asset and Business Acquisition Agreement and the Supplemental Asset and Business Acquisition Agreement; (3) Schedule 1 of the Acquisition Framework Agreement does not include
“Taicang Runzhilin Telecommunications Equipment Co., Ltd.” (“Taicang Runzhilin”). The Parties confirm and agree to add Taicang Runzhilin as one of the Transferors of the Target Assets and Target Businesses, which will, as
a Party to the Acquisition Framework Agreement, enjoy and undertake the rights and obligations of the Transferors; (4) Schedule 1 of the Acquisition Framework Agreement will be updated by replacing it with Schedule 1 of this Agreement. Schedule
1 of this Agreement shall be used as the basis for the Parties to perform the Acquisition Framework Agreement and other relevant agreements and documents. 
 Article 4 The Parties agree that the Audit Reference Date as set forth in the Acquisition Framework Agreement shall be changed to October 31, 2008 (the “Audit Reference Date”); as of October 31, 2008, the
Jiangsu Companies shall have completed the transfer of the Target Assets and the Target Businesses according to the previous agreements or other written agreements among the relevant parties and shall have obtained the relevant confirmation of the
Acquirer and the Controlling Party and/or the shareholders of the Jiangsu Companies. Other practicable dates may be determined to be the Audit Reference Date upon agreement by the Parties. The dates relating to the Audit Reference Date in the
Acquisition Framework Agreement and subsequent contracts, agreements or documents shall be dated accordingly. 
 Article 5 The Parties agree to
further clarify the transfer and acquisition of the Target Equity and the calculation and payment of the Acquisition Consideration as below: (1) Suzhou Guanzhilin shall transfer to the Acquirer its 51% equity in Jiangsu Guanzhilin, including
the rights relating to the paid contributions and the obligation relating to the Outstanding Contribution of Suzhou Guanzhilin, and the Acquirer shall accept the transfer of such 51% equity as well as the rights and obligations corresponding
thereto; (2) without changing the formula set forth in Article 7 of the Acquisition Framework Agreement, since 

  

 5 

  
 CONFIDENTIAL

  

 
the Acquirer will take over the obligation to pay the Outstanding Contribution of Suzhou Guanzhilin, the Acquisition Consideration will be net of an amount
equivalent to the Outstanding Contribution of Suzhou Guanzhilin, i.e. RMB 30,600,000, which will be directly used by the Acquirer to pay the Outstanding Contribution of Suzhou Guanzhilin when the Acquirer pays the Acquisition Consideration in
installments pursuant to the provisions of this Agreement and the Supplemental Equity Transfer Agreement; (3) the Acquisition Consideration shall be paid according to the provisions of the Supplemental Equity Transfer Agreement. 
 Article 6 The Parties hereby agree that the following supplement shall be made to Article 1.15(a) of the Acquisition Framework Agreement: The Acquirer has been
informed that the Controlling Party, the Transferors and the People’s Government of Muyang County, Jiangsu Province entered into an investment agreement on June 6, 2008 (the “Investment Agreement”). The tax return and any
other preferential taxation treatment that Jiangsu Guanzhilin receives before the date of the annual audit report of the Audited Year based on the Investment Agreement shall be calculated to increase the Net Profit value according to Chinese
accounting standards. 
 Article 7 The Parties hereby agree that, according to the Confirmation Letter, Section 2 and Section 3 of Article 8
of the Acquisition Framework Agreement shall be amended as follows: 
 Second
Installment. Within three business days after the Closing Date, the Acquirer shall make deposits in the amount of RMB ******., of which RMB *****
* shall be paid to the account designated by the Controlling Party and Suzhou Guanzhilin, while RMB ****** shall be paid in the form of a contribution to the Registered Capital of Jiangsu Guanzhilin. The first and second installments shall together equal ****** of the Acquisition Consideration. 
 Third Installment. If the conditions set forth in Article 11 of this Agreement are satisfied, then
within 30 days after the Closing Date, the Acquirer shall make deposits in the amount of RMB ******, an amount equal to ****** of the Acquisition Consideration. 
  

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

  

 6 

  
 CONFIDENTIAL

  

 Fourth Installment. If the Annualized Net
Profits of Jiangsu Guanzhilin reach the Guaranteed Net Profit Base according to the audit report for the First Audited Year (from November 1, 2008 to December 31, 2009), then within 10 days after the auditor completes its audit of Jiangsu
Guanzhilin for the First Audited Year and delivers its audit report, the Acquirer shall make a deposit in the amount of ****** of the Acquisition
Consideration (RMB ******). The audit report shall be delivered no later than March 15, 2010. If the audit report is delayed because of the
reasons set forth in Article 16 of this Agreement and Article 3.7 of the Supplemental Agreement to the Equity Transfer Agreement, the Acquirer’s ceasing of payment of the fourth installment shall not be deemed as a delayed payment of the
Acquisition Consideration. 
 Fifth Installment. If the Net Profits of Jiangsu
Guanzhilin reach the Operating Profit Index as defined herein and in the Operation and Management Agreement according to the audit report for the Second Audited Year, then within 10 days after the auditor completes its audit of Jiangsu Guanzhilin
for the Second Audited Year (the calendar year 2010) and delivers its audit report, the Acquirer shall make a deposit in the amount of ****** of the
Acquisition Consideration (RMB ******). The audit report shall be delivered no later than March 15, 2011. If the audit report is delayed
because of the reasons set forth in Article 16 of this Agreement and Article 3.7 of the Supplemental Agreement to the Equity Transfer Agreement, the Acquirer’s failure to timely pay the fifth installment shall not be deemed as a delayed payment
of the Acquisition Consideration. 
 Article 8 The Parties acknowledge that, since the Transferors’ sales volume and expenses for the calendar
year 2007 conform to the guaranteed standards under Article 9 of the Acquisition Framework Agreement, according to the results of the due diligence investigation conducted by the auditor with respect to the Transferors’ financial conditions for
the calendar year 2007, the adjusted payment schedule for the Acquisition Consideration under Article 11 of the Acquisition Framework Agreement will not apply. 
 Article 9 The closing condition with respect to delivery of inventory, as set forth under Article 22 (2)(a) of the Acquisition Framework Agreement, shall be amended as follows: The inventories of mobile phones and accessories
shall be sold to the Jiangsu Companies, with the exception that the Value Added Tax invoices of inventory in the amount of RMB 971,659.83 transferred to Weifang Yuandu Guanzhilin Mobile Phones Hypermarket Co., Ltd. shall be issued by the Transferors
prior to November 20, 2008, the amount of the Value 
  
  

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

	 *
	 Confidential material redacted and filed separately with the Securities and Exchange Commission.

  

 7 

  
 CONFIDENTIAL

  

 
Added Tax invoices issued by the Transferors to the Jiangsu Companies prior to October 26, 2008 for such inventories shall not be less than 70% of the
closing price for such inventories, and the remaining invoices shall be issued prior to October 30, 2008. If the Transferors fail to issue invoices according to the above provisions, thus causing any loss to the Jiangsu Companies or the
Acquirer, the Transferors and the Controlling Party shall bear joint and several responsibility to compensate the relevant losses, and the Acquirer shall be entitled to directly deduct the amount of relevant losses from the Acquisition
Consideration. 
 Article 10 The Controlling Party guarantees that the net assets in the consolidated financial statements of the Jiangsu Companies on
the Audit Reference Date shall be no less than RMB 40,000,000. Otherwise, the Controlling Party and Suzhou Guanzhilin shall bear joint and several responsibility to make up the difference prior to the payment of the third installment of the
Acquisition Consideration, or the Acquirer may directly deduct the difference from the third installment of the Acquisition Consideration. The lowest guaranteed value of the net assets on the Audit Reference Date in the Acquisition Framework
Agreement shall be changed to RMB 40,000,000 accordingly. 
 The net assets mentioned herein: (1) shall be accounted for under the Chinese accounting
standards; (2) if any amount in the RMB 60,000,000 Outstanding Contributions of Jiangsu Guanzhilin is paid before the Audit Reference Date, such amount shall not be included in the above guaranteed lowest net assets value of RMB 40,000,000.

 Article 11 The Parties agree that only after all the conditions below are satisfied or waived by the Acquirer in writing will the Acquirer be
obliged to pay the third installment of the Acquisition Consideration as agreed in the Supplemental Equity Transfer Agreement:  
  

	(1)	The conditions for the payment of the first and second installments of the Acquisition Consideration have been satisfied or waived by the Acquirer in writing.

  

	(2)	The remaining Registered Capital of Jiangsu Guanzhilin in the amount of RMB 29,400,000 has been paid by the Controlling Party (capital verification and the amendment registration
with the Administration for Industry and Commerce shall have been completed, subject to the newly issued business license). 

  

	(3)	 The net assets of the Jiangsu Companies in the consolidated financial statements as at the Audit Reference Date shall not be less than RMB 40,000,000. If the net
assets in the consolidated financial statements are less than RMB 40,000,000, the difference shall have been made up by the Controlling Party and/or Suzhou Guanzhilin. The Controlling Party guarantees to prepare the balance sheet as of
October 31, 2008 and the income statement for the period ended October 31, 2008 of the Jiangsu Companies, 

  

 8 

  
 CONFIDENTIAL

  

	 	 
as well as the consolidated financial statements of Jiangsu Guanzhilin prior to November 10, 2008. The Acquirer will examine these financial statements
and the Jiangsu Companies shall actively assist in such examination. 

  

	(4)	At least 18 of the branches of Jiangsu Guanzhilin (including those already established and to be established, as listed in Schedule 3, hereinafter referred to as the
“Branches of Jiangsu Guanzhilin”) have obtained all the licenses, permits, approvals, authorizations, exemptions, consents and recognitions needed for legally and effectively operating at the corresponding places of business (the
“Completion of Registration”) and have obtained the Value Added Tax invoices (if needed for business). 

  

	(5)	The Controlling Party and Suzhou Guanzhilin have caused the Transferors to transfer the ownership of the domain names www.gzl.cc and www.guanzhilin.com to Jiangsu
Guanzhilin and the amendment agreements to be signed with software providers with respect to Boyuan ERP System and Golden Abacus Financial System, under which the relevant contractual rights and obligations with respect to such systematical software
are legally transferred to Jiangsu Companies. 

 Article 12 The portion of the net assets in excess of RMB 40,000,000 as set forth in
the consolidated financial statements of the Jiangsu Companies, examined by the Acquirer, as of the Audit Reference Date, shall belong to the Controlling Party and/or Suzhou Guanzhilin. Within a reasonable period after the issuance date of the audit
report ended March 31, 2009, the Controlling Party and the Acquirer shall negotiate to legally transfer the portion of the net assets in excess of RMB 40,000,000; with respect to the portion of the net assets which falls below RMB 40,000,000,
the Controlling Party and Suzhou Guanzhilin shall bear joint and several liability to make up the difference prior to the payment of the third installment of the Acquisition Consideration, or the Acquirer may directly deduct the difference from the
third installment of the Acquisition Consideration. 
 Article 13 If the net assets value set forth in the consolidated financial statements of the
Jiangsu Companies as of the Audit Reference Date, as confirmed by the audit report ended March 31, 2009 (the Parties agree that, except for the down payment, deposit, cash pledge and other amounts of a similar nature paid to operators, lessors
of retail stores and others during the ordinary course of business, any receivable in the consolidated financial statements as at the Audit Reference Date that is still not recovered by March 31, 2009 shall be deducted from the net asset value;
the amount after deduction shall be the “Audited Net Asset Value”), is inconsistent with the net assets value as of the Audit Reference Date submitted by the Transferors to the Acquirer for its examination, then the audit report
shall prevail. The portion in excess of RMB 40,000,000 for the Audited Net Asset Value shall belong to the Controlling Party and/or Suzhou Guanzhilin and, within a reasonable period, the Controlling Party and the Acquirer shall negotiate to legally
transfer 

  

 9 

  
 CONFIDENTIAL

  

 
the portion of the Audited Net Asset Value in excess of RMB 40,000,000; with respect to the portion of the Audited Net Asset Value which falls below RMB
40,000,000, the Controlling Party and Suzhou Guanzhilin shall bear joint and several liability to make up the difference within ten days after such difference is confirmed, or the Acquirer may directly deduct the difference from the fourth
installment of the Acquisition Consideration. The audit report shall be issued no later than June 30, 2009. 
 Article 14 If, on the payment date
of the third installment of the Acquisition Consideration, the number of registered Branches of Guanzhilin is less than 18, the third installment shall be paid in proportion to the number of registered branches pursuant to the following formula: the
third installment × number of registered Branches of Guanzhilin ÷ 25. The remaining part of the third installment shall be paid in a lump sum when all 25 Branches of Guanzhilin have been registered. 
 Article 15 The Parties agree that the Audited Year for Operating Profit Index shall commence November 2008. The First Audited Year shall begin November 1,
2008 and end December 31, 2009, and the Second Audited Year shall begin January 1, 2010 and end December 31, 2010. 
 Article 16
Subject to the Chinese accounting standards, the financial accounting and management of the Jiangsu Companies shall be in conformity with the accounting system, accounting methods, financial processes and internal control procedures (with the
exception of the business operation system, rules, processes and procedures unrelated to financial accounting and audits) required by the Acquirer. The balance sheets, income statements and other financial reports prepared by the Jiangsu Companies
and submitted to their respective boards of directors (including the reports and consolidated reports of Jiangsu Guanzhilin and its subsidiaries) shall be confirmed and signed by both the financial personnel assigned by the Acquirer and the
financial personnel of the Jiangsu Companies. If the Jiangsu Companies fail to comply with the requirements of the Acquirer, the Acquirer may refuse to sign the financial reports. The Controlling Party agrees to cause the Jiangsu Companies to assist
the Acquirer in implementing uniform financial and ERP management systems within twelve months after the execution of this Agreement, so as to standardize and manage financial and audit operations. 
 If the Controlling Party and/or the Jiangsu Companies refuse to comply with the requirements of the Acquirer and, as a result thereof, the auditor refuses to or is
unable to issue an unqualified audit report for the First Audited Year by June 15, 2010 and for the Second Audited Year by June 15, 2011, it shall be deemed that the Transferors and the Controlling Party have materially breached this
Agreement and the Acquirer may, at its option: 
  

	(1)	 Terminate the Acquisition Framework Agreement, this Agreement, the Operation and 

  

 10 

  
 CONFIDENTIAL

  

	 	 
Management Agreement, the Supplemental Agreement to the Operation and Management Agreement, the Equity Transfer Agreement and the Supplemental Equity
Transfer Agreement, as well as other transaction documents in connection with this acquisition. The Controlling Party and Suzhou Guanzhilin shall bear joint and several liability to refund all the Acquisition Consideration paid by the Acquirer, pay
liquidated damages to the Acquirer at an annual interest rate of 6.93% and compensate other actual losses incurred by the Acquirer (including, but not limited to, audit expenses, due diligence investigation expenses and appraisal expenses, but
excluding the possible loss of obtainable gains of the Acquirer and the compensation by the Acquirer to any third party (if any)); 

  

	(2)	Adjust the operation and management organization of Jiangsu Guanzhilin, including, but not limited to, the powers to appoint the chairman and nominate the general manager as
stipulated in the Operation and Management Agreement (for example, the Acquirer may directly appoint the chairman, general manager and/or other senior management personnel). Such adjustment of operation and management shall exempt the Controlling
Party from guaranteeing the Operating Profit Index for the remaining portion of the Operating Profit Index Lockup Period, and the Acquisition Consideration under such circumstance shall be calculated based on RMB 316,200,000.

 The above options shall be selected at the discretion of the Acquirer. If the Acquirer selects to terminate the transaction, then the
Controlling Party and Suzhou Guanzhilin shall refund all of the Acquisition Consideration paid, pay liquidated damages, and compensate the Acquirer for its actual losses within ten days upon receipt of such notice. Within ten days upon receipt of
all the refunded and compensated amounts above, the Acquirer shall transfer its 51% equity in Jiangsu Guanzhilin to the Controlling Party and/or the party designated by the Controlling Party, free of charge, amend and sign the articles of
association of Jiangsu Guanzhilin, handle the formalities of the amendment registration with the administration of industry and commerce, and refund the collected dividends (interest excluded) and/or distributable but waived dividends. If the
Acquirer selects to make adjustments to the operation and management, the Controlling Party shall, within ten days upon receipt of such notice, sign and cause to be signed resolutions of a shareholders’ meeting and board meeting with respect to
the appointment of a new chairman, general manager and/or other senior management personnel, cause to be amended and signed the articles of association of Jiangsu Guanzhilin and handle the formalities of the amendment registration with the
administration of industry and commerce. The Acquirer shall pay the difference between the total Acquisition Consideration and the Acquisition Consideration already paid in a lump sum upon completion of all the above matters. 
 Article 17 The Controlling Party shall cause the Jiangsu Companies to reasonably assist the auditor (including Deloitte and any other auditor engaged by the
Acquirer to issue an 

  

 11 

 CONFIDENTIAL 
  

 
audit report of the consolidated financial statements prepared by the Acquirer) in the audit and review, reasonably assist the intermediary institutions
(such as a legal and appraisal agency) engaged by the Acquirer for listing and other financing purposes in the due diligence investigation and appraisal, and timely provide complete, accurate and true data, information, documents and other related
items so that the audit report, legal opinion, appraisal report, or other document can be issued in time. 
 Article 18 This Agreement is an annex to
and forms an integral part of the Acquisition Framework Agreement. Except for the above modifications and supplements made in this Agreement, no other provisions of the Acquisition Framework Agreement has been modified or adjusted, and parties to
the Acquisition Framework Agreement shall perform the Acquisition Framework Agreement. Where the Acquisition Framework Agreement conflicts with this Agreement, this Agreement shall prevail. 
 Article 19 This Agreement has four (4) counterparts, two (2) for the Acquirer and two (2) for the Controlling Party (representing the Transferors).
Each counterpart shall have the same legal force. 
 The following schedules and annexes are made an integral part of this Agreement: 
  

			
	Schedule 1	  	List of the Transferors’ Companies/Individual Industrial and Commercial Households
		
	Schedule 2	  	List of the Hangsu Subsidiaries
		
	Schedule 3	  	List of the Branches of Guanzhilin

 Signature page to the Supplemental Agreement to the Acquisition Framework Agreement 
  

 12 

 CONFIDENTIAL 
  

 Signature page to the Supplemental Agreement to the Acquisition Framework Agreement 
 The Acquirer: Beijing Feijie Investment Co., Ltd (Official Seal) 

			
	Signature:	 	 /s/ Dongping Fei

 Name of Authorized Representative: Dongping Fei 
  

 13 

  
 CONFIDENTIAL

  

 Signature page to the Supplemental Agreement to the Acquisition Framework Agreement 
 The Controlling Party: Zhuqun Peng 

			
	Signature:	 	 /s/ Zhuqun Peng

 Identity card number: 320626197005208816 
  

 14 

  
 CONFIDENTIAL

  

 Signature page to the Supplemental Agreement to the Acquisition Framework Agreement 
  

					
	The Transferors:	 		  	
			
	Signature of authorized representative:	 	 /s/ Zhuqun Peng
	  	
	Name of Authorized Representative:	 	Zhuqun Peng	  	

  

 15 

 SCHEDULE 1 LIST OF TRANSFERORS 
  

														
	 S/N
	  	 Name
	  	Registered
Capital
(RMB)	  	Business License No.	  	Name of Shareholders/
Percentage	 	 	Name of Legal
Representative/
Person in Charge
	 1
	  	Suzhou Guanzhilin Telecommunications Equipment Co., Ltd.	  	1,000,000	  	3205032101045	  	Zhuqun Peng	  	70	%	 	Lianqun Peng
	  	  	  	  	Sujuan Li	  	28	%	 
	  	  	  	  	Suzhou Guanzhilin
Mobile Phones
Hypermarket Co.,
Ltd.	  	2	%	 
							
	 2
	  	Wujiang Guanlin Telecommunications Equipment Co., Ltd.	  	500,000	  	3205842187338	  	Zhuqun Peng	  	60	%	 	Yong Lu
	  	  	  	  	Sujuan Li	  	40	%	 
							
	 3
	  	Taicang Runzhilin Telecommunications Equipment Co., Ltd.	  	510,000	  	320585000093127	  	Zhuqun Peng	  	75	%	 	Yongjun Gu
	  	  	  	  	Yong Chen	  	25	%	 
							
	 4
	  	Kunshan Guanzhilin Telecommunications Equipment Co., Ltd.	  	500,000	  	3205832114431	  	Zhuqun Peng	  	80	%	 	Lifeng Zhou
	  	  	  	  	Yong Cheng	  	10	%	 
	  	  	  	  	Lifeng Zhou	  	10	%	 
							
	 5
	  	Wuxi Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	1,200,000	  	320200000097302	  	Suzhou Guanzhilin	  	5	%	 	Sujuan Li
	  	  	  	  	Efeng Peng	  	30	%	 
	  	  	  	  	Sujuan Li	  	65	%	 
							
	 6
	  	Nanjing Runzhilin Telecommunications Equipment Co., Ltd.	  	500,000	  	3201032312000	  	Zhuqun Peng	  	80	%	 	Yongjun Gu
	  	  	  	  	Sujuan Li	  	20	%	 
							
	 7
	  	Yangzhou Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3210002303530	  	Zhuqun Peng	  	75	%	 	Yang Chen
	  	  	  	  	Jingtu Yao	  	25	%	 
							
	 8
	  	Shanghai Yinqi Telecommunications Equipment Co., Ltd Yancheng Guanzhilin Mobile Phones Hypermarket	  	Not
applicable	  	320902000056086	  	Shanghai Yinqi
Telecommunications
Equipment Co., Ltd,
Branch	  	100	%	 	Guohua Chen
							
	 9
	  	Xuzhou Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3203002114697	  	Zhuqun Peng	  	70	%	 	Zhonghua Peng
	  	  	  	  	Efeng Peng	  	30	%	 

  

 16 

														
	 10
	  	Nantong Guanzhilin Telecommunications Equipment Co., Ltd.	  	500,000	  	3206002115986	  	Meiqun Peng	  	10	%	 	Meiqun Peng
	  	  	  	  	Weixing Gao	  	10	%	 
	  	  	  	  	Weizhou Yao	  	26	%	 
	  	  	  	  	Yingen Peng	  	27	%	 
	  	  	  	  	Zhuqun Peng	  	27	%	 
	 11
	  	Taizhou Hailing Guanzhilin Telecommunications Equipment Co., Ltd.	  	510,000	  	3212022103462	  	Zhuqun Peng	  	80	%	 	Weiping Chen
	  	  	  	  	Weiping Chen	  	20	%	 
							
	 12
	  	Heze Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	510,000	  	3717002803670	  	Xiangbing Xue	  	100	%	 	Xiangbing Xue
							
	 13
	  	Zaozhuang Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3704002804829	  	Zhuqun Peng	  	70	%	 	Yehou Zhu
	  	  	  	  	Yehou Zhu	  	30	%	 
							
	 14
	  	Jining Guanzhilin Telecommunications Equipment Co., Ltd.	  	500,000	  	3708022801153	  	Ping Huang	  	20	%	 	Ping Huang
	  	  	  	  	Zhuqun Peng	  	80	%	 
							
	 15
	  	Dongying Guanzhilin Telecommunications Equipment Co., Ltd.	  	500,000	  	3705022807584	  	Zhuqun Peng	  	50	%	 	Xinhua Cheng
	  	  	  	  	Xinhua Cheng	  	9	%	 
	  	  	  	  	Weixing Gao	  	10	%	 
	  	  	  	  	Yingen Peng	  	10	%	 
	  	  	  	  	Hailin Zhao	  	21	%	 
							
	 16
	  	Binzhou Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	1,000,000	  	3716002802205	  	Zhuqun Peng	  	70	%	 	Zhonghua Peng
	  	  	  	  	Jingchang Yao	  	15	%	 
	  	  	  	  	Zhonghua Peng	  	15	%	 
							
	 17
	  	Zibo Guanzhilin Telecommunications Equipment Co., Ltd.	  	500,000	  	3703032800558	  	Zhuqun Peng	  	75	%	 	Xinhua Cheng
	  	  	  	  	Xinhua Cheng	  	25	%	 
							
	 18
	  	Rizhao Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3711022800863	  	Jinzhong Yao	  	40	%	 	Jinzhong Yao
	  	  	  	  	Zhuqun Peng	  	60	%	 
							
	 19
	  	Taian Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3709002808920	  	Xiangbing Xue	  	60	%	 	Xiangbin Xue
	  	  	  	  	Shuntian Xue	  	40	%	 

  

 17 

														
	 20
	  	Dezhou Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	1,000,000	  	3714002802787	  	Suzhou Guanzhilin	  	5	%	 	Jingchang Yao
	  	  	  	  	Zhonghua Peng	  	15	%	 
	  	  	  	  	Zhuqun Peng	  	65	%	 
	  	  	  	  	Jingchang Yao	  	15	%	 
							
	 21
	  	Weifang Runlin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3707052802625	  	Weixing Gao	  	10	%	 	Jiangke Xie
	  	  	  	  	Zhuqun Peng	  	80	%	 
	  	  	  	  	Yingen Peng	  	10	%	 
							
	 22
	  	Jinan Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3701022804039	  	Zhuqun Peng	  	77	%	 	Leibing Wang
	  	  	  	  	Yingen Peng	  	9	%	 
	  	  	  	  	Weizhou Yao	  	8	%	 
	  	  	  	  	Weixing Gao	  	6	%	 
	 23
	  	Jinan Shidai Mobile Phones Square Co., Ltd.	  	1,000,000	  	3701002825308	  	Weixing Gao	  	10	%	 	Zhuqun Peng
	  	  	  	  	Zhuqun Peng	  	80	%	 
	  	  	  	  	Yingen Peng	  	10	%	 
							
	 24
	  	Qingdao Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3702032813249	  	Weixing Gao	  	10	%	 	Qun Jiang
	  	  	  	  	Zhuqun Peng	  	70	%	 
	  	  	  	  	Yingen Peng	  	10	%	 
	  	  	  	  	Qun Jiang	  	10	%	 
							
	 25
	  	Taiyuan Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	600,000	  	1401002031299	  	Kebing Gong	  	70	%	 	Kebing Gong
	  	  	  	  	Jingtu Yao	  	30	%	 
							
	 26
	  	Shanxi Guanzhilin Telecommunications Equipment Co., Ltd.	  	1,000,000	  	140100200346480	  	Zhuqun Peng	  	65	%	 	Yongwen Peng
	  	  	  	  	Jingtu Yao	  	20	%	 
	  	  	  	  	Yongwen Peng	  	15	%	 
							
	 27
	  	Datong Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	300,000	  	14020020067781/1	  	Libing Zhu	  	66.7	%	 	Libing Zhu
	  	  	  	  	Kebing Gong	  	33.3	%	 
							
	 28
	  	Shanghai Yanglin Telecommunications Equipment Co., Ltd.	  	500,000	  	310104000369676	  	Zhuqun Peng	  	70	%	 	Yong Cheng
	  	  	  	  	Sujuan Li	  	15	%	 
	  	  	  	  	Lei Bao	  	15	%	 

  

 18 

 SCHEDULE 2 LIST OF JIANGSU SUBSIDIARIES 
  

														
	 S/N
	  	 Name
	 	Registered
Capital
(RMB)	 	Business License No.	 	Name of Shareholders/
Percentage	 	 	Name of Legal
Representative/
Person in Charge
	 1
	  	Suzhou Industrial Park Guanzhilin Trading Co., Ltd.	 	5,000,000	 	320594000122529	 	Jiangsu Guanzhilin	 	100	%	 	Yong Cheng
							
	 2
	  	Wujiang Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	320584000190007	 	Jiangsu Guanzhilin	 	100	%	 	Yong Lu
							
	 3
	  	Taicang Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	510,000	 	320585000097744	 	Jiangsu Guanzhilin	 	100	%	 	Jianming Lu
							
	 4
	  	Kunshan Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	320583000267935	 	Jiangsu Guanzhilin	 	100	%	 	Wei Xiang
							
	 5
	  	Wuxi Guance Communication Equipment Co., Ltd.	 	510,000	 	320204000048778	 	Jiangsu Guanzhilin	 	100	%	 	Weibing Xiao
							
	 6
	  	Nanjing Guanzhilin Pengshi Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	320103000166231	 	Jiangsu Guanzhilin	 	100	%	 	Dahai Tao
							
	 7
	  	Yangzhou Shenglin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	510,000	 	321002000032510	 	Jiangsu Guanzhilin	 	100	%	 	Jianrong Lu
							
	 8
	  	Yancheng Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	320902000069582	 	Jiangsu Guanzhilin	 	100	%	 	Bingqun Peng
							
	 9
	  	Xuzhou New Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	5,000,000	 	320300000197242	 	Jiangsu Guanzhilin	 	100	%	 	Zhonghua Peng
	 10
	  	Nantong Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	320600000208873	 	Jiangsu Guanzhilin	 	100	%	 	Yang Chen
							
	 11
	  	Taizhou Hailing Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	510,000	 	321202000050451	 	Jiangsu Guanzhilin	 	100	%	 	Laisheng Chen
							
	 12
	  	Heze Guanzhilin Communication Equipment Co., Ltd.	 	510,000	 	371700200003056	 	Jiangsu Guanzhilin	 	100	%	 	Hui Rong

  

 19 

														
							
	 13
	  	Zaozhuang Guanzhilin Communication Equipment Co., Ltd.	 	510,000	 	370400200002671	 	Jiangsu Guanzhilin	 	100	%	 	Yehou Zhu
							
	 14
	  	Jining Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	370802200002046	 	Jiangsu Guanzhilin	 	100	%	 	Ping Huang
							
	 15
	  	Dongying Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	370502200005890	 	Jiangsu Guanzhilin	 	100	%	 	Xinhua Cheng
							
	 16
	  	Binzhou Guanzhilin Communication Equipment Co., Ltd.	 	500,000	 	371600200004448	 	Jiangsu Guanzhilin	 	100	%	 	Wensheng Chen
							
	 17
	  	Zibo Yanglin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	3703032806363	 	Jiangsu Guanzhilin	 	100	%	 	Guangquan Chen
							
	 18
	  	Jiangsu Guanzhilin Mobile Phones Hypermarket Rizhao Co., Ltd.	 	500,000	 	371102000000086	 	Jiangsu Guanzhilin	 	100	%	 	Jinzhong Yao
							
	 19
	  	Tai’an Xinxin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	370902200003617	 	Jiangsu Guanzhilin	 	100	%	 	Sujuan Huang
							
	 20
	  	Dezhou New Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	371400200002073	 	Jiangsu Guanzhilin	 	100	%	 	Jiming Su
							
	 21
	  	Weifang Yuandu Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	370705000000118	 	Jiangsu Guanzhilin	 	100	%	 	Shuzhi Zhang
							
	 22
	  	Shandong Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	5,000,000	 	370000200004012	 	Jiangsu Guanzhilin	 	100	%	 	Weixing Gao
							
	 23
	  	Qingdao Yanglin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	500,000	 	370203230009499	 	Jiangsu Guanzhilin	 	100	%	 	Qun Jiang
							
	 24
	  	Shanxi Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	5,000,000	 	140100207201767	 	Jiangsu Guanzhilin	 	100	%	 	Yongwen Peng
							
	 25
	  	Datong Guanzhilin Commercial Trading Co., Ltd.	 	500,000	 	140200110002259	 	Jiangsu Guanzhilin	 	100	%	 	Libing Zhu
							
	 26
	  	Shanghai Guanzhilin Communication Equipment Co., Ltd.	 	5,000,000	 	310104000417648	 	Jiangsu Guanzhilin	 	100	%	 	Lei Bao
							
	 27
	  	Changshu Guanzhilin Mobile Phones Hypermarket Co., Ltd.	 	510,000	 	320581000180303	 	Jiangsu Guanzhilin	 	100	%	 	Yuan Luo
							
	 28
	  	Gansu Guanzhilin Communication Equipment Co., Ltd.	 	2,000,000	 	620000000005369	 	Jiangsu Guanzhilin	 	100	%	 	Chundong Peng

  

 20 

 SCHEDULE 3 LIST OF BRANCHES OF JIANGSU GUANZHILIN 
  

											
	 S/N
	  	 Name
	  	Business
Address	  	Person in
Charge	  	Registration No.	  	 Notes

	1	  	Suzhou Industrial Park Guanzhilin Trading Co., Ltd. Leqiao Store	  	No.1285,
Renmin
Road,
Suzhou	  	Xuesong Li	  	320503000066961	  	Established. No material provided.
						
	2	  	Suzhou Industrial Park Guanzhilin Trading Co., Ltd. Wumei Store	  	No.1543,
Renmin
Road,
Suzhou	  	Zhuqun Peng	  	320503000066736	  	Established. No material provided.
						
	3	  	Suzhou Industrial Park Guanzhilin Trading Co., Ltd. Guanqian Store	  	B1 floor,
No.212,
Guanqian
Street,
Suzhou	  	Yujian Wang	  	320503000066744	  	Established. No material provided.
						
	4	  	Suzhou Industrial Park Guanzhilin Trading Co., Ltd. Shi Road No.1 Store	  	No.49,
Jinmeng
Road,
Suzhou	  	Wei Wu	  	320504000065285	  	Established. No material provided.
						
	5	  	Suzhou Industrial Park Guanzhilin Trading Co., Ltd. Shi Road No.2 Store	  	No.29, Shi
Road,
Suzhou	  	Weixing Shi	  	320504000065277	  	Established. No material provided.
						
	6	  	(Suzhou Mudu Store)	  		  		  		  	In the process of establishment. No material provided.
						
	7	  	Nanjing Guanzhilin Pengshi Mobile Phones Hypermarket Co., Ltd. Jiangning Branch	  	No.456,
Shangyuan
Street,
Dongshan,
Jiangning
District,
Nanjing	  	Dahai Tao	  	320121000128249	  	Established. No material provided.
						
	8	  	(Xuzhou No.2 Store)	  		  		  		  	In the process of establishment. No material provided.

  

 21 

											
	9	  	Nantong Guanzhilin Mobile Phones Hypermarket Co., Ltd. Qidong Branch	  	No.644,
Gongyuan
Middle
Road,
Huilong
Town,
Qidong	 	Hui Zhu	  	320681000171751	  	Established. Business License, Taxation Registration Certificate (State Tax and Local Tax) and Organization and Institution Code Certificate provided. The Chinese character of “zhi” of
the entity name “Guanzhilin” in the Organization and Institution Code Certificate is inconsistent with the Chinese character in its Business License. No other certificate provided (including Bank Account Opening Permit).
						
	10	  	Wuxi Guance Communication Equipment Co., Ltd. Zhongshan Store	  	No.2
Dacheng
Xiang,
Wuxi	 	Donghua Ren	  	320202000056405	  	Established. Business License and Taxation Registration Certificate (State Tax and Local Tax) provided. No other certificate provided (including Organization and Institution Code Certificate and
Bank Account Opening Permit).
						
	11	  	Shandong Guanzhilin Mobile Phones Hypermarket Co., Ltd. Honglou Branch	  	No. 29,
West
Honglou
Road,
Licheng
District,
Jinan	 	Yu Wang	  	370100300019108	  	Established. Business License, Taxation Registration Certificate (State Tax and Local Tax) and Organization and Institution Code Certificate provided. No other certificate provided (including
Bank Account Opening Permit).
						
	12	  	Shandong Guanzhilin Mobile Phones Hypermarket Co., Ltd. Shidai Branch	  	Floor 1,
Fengli
Building,
No.318,
Quancheng
Road,
Lixia
District,
Jinan	 	Fanchao, Wang	  	370100300019331	  	Established. Business License, Taxation Registration Certificate (State Tax and Local Tax) and Organization and Institution Code Certificate provided. No other certificate provided (including
Bank Account Opening Permit).
						
	13	  	Dezhou New Guanzhilin Mobile Phones Hypermarket Co., Ltd. Hubin Road Branch	  	West of
Hubin
Road and
North of
Dongfeng
Road,
Decheng
District
(Comprehensive
Building
of No.13
Hydropower
Bureau)	 	Baohua Peng	  	371400300000405	  	Established. Business License provided. No other certificate provided (including Taxation Registration Certificate (State Tax and Local Tax), Organization and Institution Code Certificate and
Bank Account Opening Permit).

  

 22 

											
						
	14	  	Weifang Yuandu Guanzhilin Mobile Phones Hypermarket Co., Ltd. Weicheng Branch	  	No. 1-010,
Building 1,
No. 569,
West
Shengli
Street,
Weicheng
District	 	Shuzhi
Zhang	  	370702100000138	  	Established. Business License provided. No other certificate provided (including Taxation Registration Certificate (State Tax and Local Tax), Organization and Institution Code Certificate and
Bank Account Opening Permit).
						
	15	  	Weifang Yuandu Guanzhilin Mobile Phones Hypermarket Co., Ltd. Qingzhou Branch	  	Zhongdu
Fortune
Plaza,
Linglong
Shan
Road,
Weifang	 	Bin Gu	  	370781300000973	  	Established. AIC Record provided. No other certificate provided (including Business License, Taxation Registration Certificate (State Tax and Local Tax), Organization and Institution Code
Certificate and Bank Account Opening Permit).
						
	16	  	Jining Guanzhilin Mobile Phones Hypermarket Co., Ltd. Taibai Store	  	No.13,
Taibai
Road,
Shizhong
District
(Commercial
Room of
Floor 1,
Third
Door from
East of
Shandong
Jinzuo
Plaza)	 	Ping
Huang	  	370802300000947	  	Established. Business License provided. No other certificate provided (including Taxation Registration Certificate (State Tax and Local Tax), Organization and Institution Code Certificate and
Bank Account Opening Permit).

  

 23 

											
						
	17	  	Tai’an Xinxin Guanzhilin Mobile Phones Hypermarket Co., Ltd. No. 2 Store	  	No. 105
Caiyuan Street,
Tai’ai	  	Sujuan
Huang	  	370900300001648	  	Established. Business License provided. No other certificate provided (including Taxation Registration Certificate (State Tax and Local Tax), Organization and Institution Code Certificate and
Bank Account Opening Permit).
						
	18	  	Shanxi Guanzhilin Mobile Phones Hypermarket Co., Ltd. South Jiefang Road Branch	  	Floor 1-2,
Zhongcai
Building,
No. 6, South
Jiefang Road,
Yingze
District,
Taiyuan	  	Yongwen
Peng	  	140106260023229	  	Established. No material provided.
						
	19	  	Shanxi Guanzhilin Mobile Phones Hypermarket Co., Ltd. Yingze Street Branch	  	Floor 1,
Building 2,
No. 221
Yingze Street,
Yingze
District,
Taiyuan	  	Yongwen
Peng	  	140106260023212	  	Established. No material provided.
						
	20	  	(Datong No. 2 Store)	  		  		  		  	In the process of establishment. No material provided.
						
	21	  	Shanghai Guanzhilin Communication Equipment Co., Ltd. Sanlin Branch	  	Floor 1,
No. 1147/1149,
South Lingyan
Road, Pudong
New District	  	En Xu	  	310115001092888	  	In the process of establishment. No material provided.

  

 24 

											
						
	 22
	  	(Songjiang Store)	  		  		  		  	In the process of establishment. No material provided.
						
	 23
	  	(Jiading Store)	  		  		  		  	In the process of establishment. No material provided.
						
	 24
	  	(Tesco Store)	  		  		  		  	In the process of establishment. No material provided.
						
	 25
	  	(Songjiang No. 2 Store)	  		  		  		  	In the process of establishment. No material provided.

  

 25Supplementary Agreement to the Operation and Management Agreement

 Exhibit 10.38 
 English Translation of Chinese Language Agreement  
 SUPPLEMENTARY AGREEMENT 

TO THE OPERATION AND MANAGEMENT AGREEMENT 
 This
Supplementary Agreement to the Operation and Management Agreement (the “Agreement”) is entered into by and between the following parties in Suzhou, Jiangsu Province, the People’s Republic of China (the “PRC”) on
October 30, 2008. 
 PARTIES: 
 Beijing Feijie
Investment Co., Ltd. (the “Acquirer”) 
 Legal Representative: Qixian Kuang 
 Zhuqun Peng (the “Controlling Party”) 
 Identity Card No.: 320626197005208816 
 Each of the Acquirer and the Controlling Party constitutes a “Party,” and they are collectively referred to as the “Parties.”

 RECITALS: 
 1. WHEREAS, the Parties entered into the
Operation and Management Agreement on May 5, 2008 (the “Original Agreement”); and 
 3. WHEREAS, the Parties desire to amend and
supplement the Original Agreement. 
 NOW, THEREFORE, the Parties hereby agree to the following: 
 ARTICLE 1 The Parties hereby agree and confirm that: (1) the “Company” in the Original Agreement shall mean Jiangsu Guanzhilin
Mobile Phones Hypermarket Co., Ltd. (“Jiangsu Guanzhilin”), established by the Controlling Party and/or its Affiliates. The subsidiaries of Jiangsu Guanzhilin shall include the companies listed on Schedule 1 attached hereto and any
future subsidiaries of the Company approved by the Acquirer (collectively, the “Subsidiaries”); (2) the “Company’s Business” in the Original Agreement shall be jointly developed and operated by Jiangsu Guanzhilin
and each of the Subsidiaries. The business, finance, human resource and management of the Subsidiaries shall be incorporated into Jiangsu Guanzhilin’s operation and management system, the operating performance of the Subsidiaries shall be
incorporated into Jiangsu Guanzhilin’s performance review system, and the financial condition of the Subsidiaries shall be audited and reviewed by the auditor agreed to by the Parties; (3) unless otherwise specified the terms stipulated in
the Original Agreement with respect to “Company’s Business,” “Undisclosed Liabilities,” “Annualized Net Profits,” “Net Profits,” “Sales Support Income,” “Operating Profit Index Lockup
Period,” “Operating Profit Index,” “Performance Reward,” “Financial Report,” “Affiliate” and any other similar terms shall be used to assess, examine, calculate and review the performance of Jiangsu
Guanzhilin and the Subsidiaries as a whole (the aforesaid terms shall apply to Jiangsu Guanzhilin and the Subsidiaries as a whole unless the Acquirer agrees to adjust the applicability of such terms). 
  
  
 ARTICLE 2 Unless otherwise agreed to in writing by the Parties, Deloitte Touche Tohmatsu Certified Public Accountants Ltd. (“Deloitte”) shall be the auditor of the Jiangsu Guanzhilin and each
of the Subsidiaries during the Operating Profit Index Lockup Period. The Controlling Party hereby agrees that it will assist Jiangsu Guanzhilin and each of the Subsidiaries with completing the reviews and audits conducted by Deloitte. The
Controlling Party shall cause Jiangsu Guanzhilin and each of the Subsidiaries to cooperate fully with the audit and review process and, to allow for the timely issuance of each audit report or financial statement, to provide Deloitte with complete,
accurate and true copies of all necessary data, documents and materials. Jiangsu Guanzhilin and the Acquirer shall jointly enter into a consulting agreement with Deloitte pursuant to which Deloitte will become the auditor responsible for auditing
and 

 
reviewing the financial conditions for Jiangsu Guanzhilin and each of the Subsidiaries. All audit expenses shall be the responsibility of the Acquirer.

 ARTICLE 3 The Parties hereby agree that Article 1.15(i) of the Original Agreement is hereby supplemented as follows: The Acquirer
has been informed that the Controlling Party, the Transferors and the People’s Government of Muyang County, Jiangsu Province entered into an investment agreement on June 6, 2008 (the “Investment Agreement”). The tax return
and any other preferential taxation treatment based on the Investment Agreement that Jiangsu Guanzhilin receives before the date of the annual audit report of the Audited Year shall be calculated to increase the Net Profit value according to Chinese
accounting standards. 
 ARTICLE 4 The Parties hereby agree that Article 47 of the Original Agreement is hereby amended and restated
in its entirety as follows: 
 “ARTICLE 47 The Company will prepare and furnish to the board of directors the Financial Report, including the balance
sheet and statement of profit and loss (including separate Financial Reports for Jiangsu Guanzhilin and each of the Subsidiaries and a consolidated Financial Report for Jiangsu Guanzhilin and the Subsidiaries), pursuant to the following
requirements. The Financial Report shall be jointly signed by the Acquirer and the financial personnel of Jiangsu Guanzhilin. However, the Acquirer may refuse to sign the Financial Report if Jiangsu Guanzhilin fails to prepare the Financial Report
according to the requirements set forth by the Acquirer 
 47.1 The Financial Report
for each calendar month shall be submitted to the board of directors on or before the 15th day of the following month; 
 47.2 The Financial Report for each quarter shall be submitted to the board of directors on or
before the 15th day of the first month of the following quarter; 
 47.3 The Financial Report for each calendar year shall be submitted to the board of directors on or before March 31 of the following year; and 
 47.4 The audit report for each fiscal year (April 1 through and including March 31), prepared by an auditor agreed to by the Parties, shall be
furnished to the board of directors on or before June 30 of the following year.” 
 ARTICLE 5 Except as specifically amended
or supplemented hereby, all provisions of the Original Agreement are hereby ratified and shall remain in full force and effect. 
  
  
 ARTICLE 6 This Agreement shall be made and
executed in duplicate, one for each party hereto and all counterparts have the same legal effect. 
 [Remainder of page intentionally left
blank.] 
  
  
 Signature page to Supplementary Agreement to the Operation and Management Agreement 
  

			
	The Acquirer: Beijing Feijie Investment Co., Ltd
		
	Signature/Seal:	 	/s/    Dongping Fei        
	 Name of Authorized Representative:
 Dongping
Fei

  

			
	The Controlling Party: Zhuqun Peng
		
	Signature/Seal:	 	/s/    Zhuqun Peng        
	
	Identity Card No.: 320626197005208816

 SCHEDULE 1 LIST OF SUBSIDIARIES 
  

														
	 S/N
	  	 Name
	  	Registered
Capital
(RMB)	  	Business License No.	  	 Name of Shareholders/
Percentage
	 	 	Name of Legal
Representative/
Person in Charge
	1	  	Suzhou Industrial Park Guanzhilin Trading Co., Ltd.	  	5,000,000	  	320594000122529	  	Jiangsu Guanzhilin	  	100	%	 	Yong
Cheng
	2	  	Wujiang Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	320584000190007	  	Jiangsu Guanzhilin	  	100	%	 	Yong Lu
	3	  	Taicang Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	510,000	  	320585000097744	  	Jiangsu Guanzhilin	  	100	%	 	Jianming
Lu
	4	  	Kunshan Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	320583000267935	  	Jiangsu Guanzhilin	  	100	%	 	Wei Xiang
	5	  	Wuxi Guance Communication Equipment Co., Ltd.	  	510,000	  	320204000048778	  	Jiangsu Guanzhilin	  	100	%	 	Weibing
Xiao
	6	  	Nanjing Guanzhilin Pengshi Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	320103000166231	  	Jiangsu Guanzhilin	  	100	%	 	Dahai Tao
	7	  	Yangzhou Shenglin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	510,000	  	321002000032510	  	Jiangsu Guanzhilin	  	100	%	 	Jianrong
Lu
	8	  	Yancheng Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	320902000069582	  	Jiangsu Guanzhilin	  	100	%	 	Bingqun
Peng
	9	  	Xuzhou New Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	5,000,000	  	320300000197242	  	Jiangsu Guanzhilin	  	100	%	 	Zhonghua
Peng
	10	  	Nantong Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	320600000208873	  	Jiangsu Guanzhilin	  	100	%	 	Yang Chen
	11	  	Taizhou Hailing Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	510,000	  	321202000050451	  	Jiangsu Guanzhilin	  	100	%	 	Laisheng
Chen
	12	  	Heze Guanzhilin Communication Equipment Co., Ltd.	  	510,000	  	371700200003056	  	Jiangsu Guanzhilin	  	100	%	 	Hui Rong
	13	  	Zaozhuang Guanzhilin Communication Equipment Co., Ltd.	  	510,000	  	370400200002671	  	Jiangsu Guanzhilin	  	100	%	 	Yehou Zhu
	14	  	Jining Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	370802200002046	  	Jiangsu Guanzhilin	  	100	%	 	Ping
Huang
	15	  	Dongying Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	370502200005890	  	Jiangsu Guanzhilin	  	100	%	 	Xinhua
Cheng
	16	  	Binzhou Guanzhilin Communication Equipment Co., Ltd.	  	500,000	  	371600200004448	  	Jiangsu Guanzhilin	  	100	%	 	Wensheng
Chen
	17	  	Zibo Yanglin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	3703032806363	  	Jiangsu Guanzhilin	  	100	%	 	Guangquan
Chen
	18	  	Jiangsu Guanzhilin Mobile Phones Hypermarket Rizhao Co., Ltd.	  	500,000	  	371102000000086	  	Jiangsu Guanzhilin	  	100	%	 	Jinzhong
Yao

  

 3 

														
	 S/N
	  	 Name
	  	Registered
Capital
(RMB)	  	Business License No.	  	 Name of Shareholders/
Percentage
	 	 	Name of Legal
Representative/
Person in Charge
	19	  	Tai’an Xinxin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	370902200003617	  	Jiangsu Guanzhilin	  	100	%	 	Sujuan
Huang
	20	  	Dezhou New Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	371400200002073	  	Jiangsu Guanzhilin	  	100	%	 	Jiming Su
	21	  	Weifang Yuandu Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	370705000000118	  	Jiangsu Guanzhilin	  	100	%	 	Shuzhi
Zhang
	22	  	Shandong Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	5,000,000	  	370000200004012	  	Jiangsu Guanzhilin	  	100	%	 	Weixing
Gao
	23	  	Qingdao Yanglin Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	500,000	  	370203230009499	  	Jiangsu Guanzhilin	  	100	%	 	Qun Jiang
	24	  	Shanxi Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	5,000,000	  	140100207201767	  	Jiangsu Guanzhilin	  	100	%	 	Yongwen
Peng
	25	  	Datong Guanzhilin Commercial Trading Co., Ltd.	  	500,000	  	140200110002259	  	Jiangsu Guanzhilin	  	100	%	 	Libing
Zhu
	26	  	Shanghai Guanzhilin Communication Equipment Co., Ltd.	  	5,000,000	  	310104000417648	  	Jiangsu Guanzhilin	  	100	%	 	Lei Bao
	27	  	Changshu Guanzhilin Mobile Phones Hypermarket Co., Ltd.	  	510,000	  	320581000180303	  	Jiangsu Guanzhilin	  	100	%	 	Yuan Luo
	28	  	Gansu Guanzhilin Communication Equipment Co., Ltd.	  	2,000,000	  	620000000005369	  	Jiangsu Guanzhilin	  	100	%	 	Chundong
Peng

  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]