EXHIBIT 10.19
FIRST AMENDMENT
TO
INTERNET GAME LICENSE AGREEMENT
This first amendment ("First Amendment"), which is made and entered into this 24
day of October 2005 (the "First Amendment Effective Date") is: (a) made by and
between Shanghai T2 Entertainment Co., Ltd. ("T2E"), JC Entertainment
Corporation ("JCE"), (b) an amendment to the following agreement: Internet Game
License Agreement for the game entitled "Rush Online" dated October 10, 2004
(the "Agreement").
Recitals
WHEREAS the Parties wish to amend the Agreement hereby.
NOW, THEREFORE, in consideration of the foregoing and of the mutual promises
hereinafter set forth, the Parties agree as follows:
1. DEFINITIONS.
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Except as expressly stated herein or modified in accordance with the
provisions of this First Amendment, all capitalized words and phrases
contained herein shall have the definitions and meanings set forth in the
Agreement.
2. FIRST AMENDMENT TO THE AGREEMENT.
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2.1. The Agreement is hereby modified by the following: Section 3.1 of the
original Agreement is hereby deleted and replaced in its entirety with
the following paragraph,
Section 3 Payments
3.1 (Exclusive License Fees) Subject to performance by Licensor of its
obligations under this Agreement, Licensee shall pay Licensor an
exclusive license fees of US 570,000 dollars (the "Exclusive License
Fees"), which shall be paid by [2] installment payment as follows:
(a) First Installment Payment: US 30,000 dollars.
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(b) Second Installment Payment: US 120,000 dollars on the Close Beta
Service Date in twenty (20) Business Days
(c) The remaining unpaid installment payment of the License fee of US
420,000 is hereby waived
3. TERM OF THIS FIRST AMENDMENT.
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This First Amendment shall be effective from the First Amendment Effective
Date and shall end on expiration or termination of the Agreement.
4. REMAINS OF THE AGREEMENT.
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Except as expressly modified in accordance with the provisions of this First
Amendment, all other terms and conditions set forth in the Agreement shall
remain in full force and effect.
IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be
signed by their duly authorized officers or representatives.
JC ENTERTAINMENT CORPORATION SHANGHAI T2 ENTERTAINMENT CO., LTD.
By:/s/ Yang Xxxx, Xxx By: /s/ Jun-Xxx Xxxx
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Name: Yang Xxxx, Xxx Name: Jun-Xxx Xxxx
Title: Chief Executive Officer Title: Chief Executive Officer
