Exhibit 10.70
Authorization Agreement
I, Xxxx Xxxxxxx, a citizen of the People's Republic of China (the
"PRC"), the ID Card Number [*], 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 Enterprise Network 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 Xxxxx and me by any reason. This
Authorization Agreement is executed in Chinese.
By: /s/ Xxxx Xxxxxxx
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October 1, 2004
