THIS 2nd SUPPLEMENTARY AGREEMENT is made on 1 July 2007
BETWEEN
CHINAWE.COM INC., whose principal executive office is situated at Room 1304-05, Dongbao Tower, 767 Dongfeng Road East, Guangzhou, China 510600 (the “Company”)
CHINAWE ASSET MANAGEMENT LIMITED, whose principal executive office is situated at 1307, 13/F. Block A, 66-68 Tong Mi Road, Kowloon, Hong Kong (“CAM”)
VIVIAN WAI WA CHU [Holder of H.K.I.C. No. ________] (“Ms. Chuo”) of 1307, 13/F. Block A, 66-68 Tong Mi Road, Kowloon, Hong Kong
WHEREAS the Company is a corporation listed on the Nasdaq-OTCIBB of the United States: CAM is a wholly-owned subsidiary of the Company and Ms. Chu is a director of the Company.
This supplementary agreement is made to supplement the agreement dated May 6 2003 (the “Agreement”) and the supplementary agreement dated 1 January 2005 (the “Supplementary Agreement”) made between the Company and Ms. Chu.
NOW IT IS HEREBY AGREED AS FOLLOWS:
(1) The loan pursuant to the Supplementary Agreement (the “Loan”) was actually used by CAM and CAM should have the obligations to repay the principal and interests outstanding to Ms. Chu; and
(2) The repayment term of the Loan is extended to 31 December 2007.
Other terms in the Agreement and the Supplementary Agreement remain the same.
CHINAWE.COM INC. | | CHINAWE ASSET
MANAGEMENT LIMITED | | VIVIAN WAI WA CHU |
By:
| /s/ Man Keung Wai | | By: | /s/ Man Keung Wai | | /s/ Vivian Chu |
Name: | Man Keung Wai | | Name: | Man Keung Wai | | | |
Title: | CEO | | Title: | Director | | | |
