Exhibit 10.69
Authorization Agreement
I, Xxxx Xxxxx, a citizen of the People's Republic of China (the "PRC"),
the ID Card Number 440112611107062, hereby irrevocably authorize Xx. Xxxx Qindai
to exercise the following powers and rights during the term of this
Authorization Agreement:
I hereby authorizes Xx. Xxxx Qindai to exercise on my behalf at the
shareholders' meetings of Beijing Palmsky Technology Co., Ltd.(the "Company")
the full voting rights as the shareholder of the Company as have been given to
me by law and under the Articles of Association of the Company, including but
not limited to, the voting rights regarding the sale or transfer of any or all
of the shares of the Company held by me and acting as my authorized
representative on the shareholders' meeting of the Company to designate and
appoint the directors of the Company.
Such authorization and designation is based upon the condition that
Xx. Xxxx Qindai is acting as the general manager of Hurray! Times Communications
(Beijing) Ltd. and Hurray! Times Communications (Beijing) Ltd. agrees to such
authorization and designation. Once Xx. Xxxx Qindai no longer holds the position
of the general manager of Hurray! Times Communications (Beijing) Ltd., such
authorization as granted to him by me hereunder shall be automatically
terminated. Then I will designate/authorize the Chinese successor of the
position of the general manager of Hurray! Times Communications (Beijing) Ltd.
to exercise the full voting rights on my behalf at the shareholders' meetings of
the Company.
The term of this Authorization Agreement is 10 years commencing from the
execution date of this Authorization Agreement unless the early termination of
the Operating Agreement jointly executed by the Company, Hurray! Times
Communications (Beijing) Ltd., Xxxx Xxxxxxx and me by any reason. This
Authorization Agreement is executed in Chinese.
By: /s/ Xxxx Xxxxx
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October 1, 2004
