Exhibit 2.2
Letter Agreement
AsiaInfo Holdings, Inc.
4/th/ Floor, Zhongdian Information Tower
0 Xxxxxxxxxxx Xxxxx Xxxxxx
Xxxxxxx Xxxxxxxx
Xxxxxxx 000000, Xxxxx
February 5, 2002
Ladies and Gentlemen:
Reference is made to the Share Purchase Agreement dated as of January
20, 2002, by and among AsiaInfo Holdings, Inc. ("AsiaInfo"), Xxxxxx Information
Technology Holdings Limited ("Xxxxxx") and the Sellers (as defined therein) (the
"Share Purchase Agreement"). Capitalized terms used but not defined herein have
the respective meanings ascribed thereto in the Share Purchase Agreement.
Smartaction Technology Limited, Global Beyond International Limited and
Action Consultants Limited (the "Record Share Option Holders"), as the record
holders of the 8,000,000 Xxxxxx share options (the "Share Options") originally
granted to Xx Xxxx (4,500,000), Xxxx Xxxx (1,500,000), Jih Tsae Jiunn (500,000)
and Xxxx Xxx (1,500,000) (the "Beneficial Share Option Holders") under Xxxxxx'x
2000 Stock Incentive Plan, have elected not to use the Cashless Exercise
mechanism to exercise the Share Options, but instead have decided to exercise
the Share Options in full by taking out loans for the exercise prices from
Xxxxxx. The Record Share Option Holders and the Beneficial Share Option Holders
agree to sell all additional Shares thus acquired to AsiaInfo in accordance with
all of the terms and conditions of the Share Purchase Agreement.
Xxxxxx has agreed to loan the Beneficial Share Option Holders the
following amounts to exercise the 8,000,000 Share Options in full (the "Exercise
Loan Amounts"):
Xx Xxxx : US$448,357.50
Xxxx Xxxx : US$149,452.50
Jih Tsae Jiunn : US$49,817.50
Xxxx Xxx : US$149,452.50
The Beneficial Share Option Holders, Xxxxxx and AsiaInfo agree that
AsiaInfo is entitled to deduct the Exercise Loan Amounts from the AsiaInfo
Shares and cash consideration (in proportionate amounts) that the Beneficial
Option Holders are entitled to receive as their Adjusted Performance
Consideration under the Share Purchase Agreement.
This Letter Agreement is intended to supplement or otherwise amend the
Share Purchase Agreement as to the subject matter contained herein. This Letter
Agreement is further intended to amend
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the Share Option Exercise Notices executed by each of the Record Share Option
Holders. Each party to this Letter Agreement hereby certifies and declares that
its signature hereto has been duly authorized.
Very truly yours,
/s/ Xxxx Xx /s/ Xxxx Xx
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Xxxxxx Information Technology Smartaction Technology Limited
Holdings Limited
/s/ Xxxx Xxxx /s/ Xxxx Xxx
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Global Beyond International Limited Action Consultants Limited
/s/ Xxxx Xx /s/ Xxxx Xxxx
-------------------------------------- -------------------------------------
Xx Xxxx Xxxx Xxxx
/s/ Xxx Xxxx Xxxxx /s/ Xxxx Xxx
-------------------------------------- -------------------------------------
Jih Tsae Jiunn Xxxx Xxx
/s/ Xxx Xxxx /s/ Lu Zhujie
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Exceptional Developments Limited Xx Xxxxxx
/s/ Xxxxx Xxxxxxxx /s/ Jin Xisheng
-------------------------------------- -------------------------------------
Xxxxx Xxxxxxxx Jin Xisheng
Acknowledged by and on behalf of AsiaInfo
Holdings, Inc.
/s/ Xxxx Xxxx
--------------------------------------
Name: Xxxx Xxxx
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