EXHIBIT 10.22
AMENDMENT TO THE SHARE PURCHASE AGREEMENT
EXHIBIT 10.22
AMENDMENT TO THE SHARE PURCHASE AGREEMENT
1. The Parties hereby agree that Xin Net Corp. has full and unrestricted
rights to appoint the entire Board of Beijing Quicknet Telecommunications Corp.
Ltd. (Beijing Quicknet) for as long as Xin Net is a shareholder. Sellers hereby
grant their irrevocable proxy to Xin Net to vote all of their shares for the
appointment and election of directors, and the board will have the exclusive
right to appoint officers and managers. A formal Proxy will be expected at
closing.
2. The Parties hereby agree that 49% will be transferred immediately to
Xin Net Corp. upon closing, another 2% of Beijing Quicknet will be conveyed for
US$100 (USD) when either of the following is completed to the satisfaction of
Xin Net Corp.:
A. The appropriate government ministry in China approves of the
transfer of the 2% ownership in Beijing Quicknet.
B. Another legal mechanism for transfer of the 2% ownership of
Beijing Quicknet is arranged.
Date: Feb. 20, 2004
SIGNATURES
/s/ Xxxxxx Du
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/s/ Hu, Fang
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Fang Hu
/s/ Yu, Bo
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Xx Xx
