Amendment Letter

EX-10.59 2 exhibit1059.htm RADIOSHACK CORPORATION FORM 10-K DECEMBER 31, 2012 EXHIBIT 10.59 exhibit1059.htm
Exhibit 10.59
 


Amendment Letter

August 31, 2012


Via fax (at 86-21-3418-5100)
 
To:First Honest Enterprises Limited
c/o SMS Marketing Service (Asia) Co., Ltd.
New Caohejing International Business Centre
4th Floor, Building B
391 Guiping Road
Shanghai, People’s Republic of China 200233
 
Attention:  Legal Counsel
 
 
Via fax (at 86-21-3418-5028 - 31157)
 
To:Perfect Legend Development Limited
New Caohejing International Business Centre
Room #502, Building B
391 Guiping Road
Shanghai, People’s Republic of China 200233
 
Attention:  Legal Counsel
Via fax (at 86-21-3418-5100)
 
Cc:SMS Marketing Service (Asia) Co., Ltd.
New Caohejing International Business Centre
4th Floor, Building B
391 Guiping Road
Shanghai, People’s Republic of China 200233
 
Attention:  Chief Financial Officer
 
Via fax (at ###-###-####)
 
Cc:RadioShack Corporation
300 RadioShack Circle, Mail Stop CF4-101
Fort Worth, Texas USA 76102
 
Attention:  General Counsel
 

Re:
Joint Venture Agreement, dated June 6, 2012, by and between RadioShack Global Sourcing (Hong Kong) Ltd., First Honest Enterprises Limited and Perfect Legend Development Limited (the “Joint Venture Agreement”)

Ladies and Gentlemen,

This Amendment Letter is a variation of the Joint Venture Agreement, prepared in writing in accordance with clause 24.1 thereof.  Capitalized terms used herein shall have the same meanings as given to them in the Joint Venture Agreement.

The parties to the Joint Venture Agreement agree as follows:

1.
The reference to “July 31, 2012” in clause 3.2 of the Joint Venture Agreement is hereby amended to refer instead to “October 15, 2012”.

2.
With reference to clause 4.2 of the Joint Venture Agreement, each of RSH and Cybermart shall use all reasonable endeavors to cause the Conditions applicable to such party to be satisfied as soon as practicable and in any event no later than 6:00 p.m., Hong Kong time, on October 15, 2012, or where a later date has been agreed in writing by RSH and Cybermart, on that date.

3.
The reference to “August 31, 2012” in clause 4.5 of the Joint Venture Agreement is hereby amended to refer instead to “November 15, 2012”.
 
 
 
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4.
The foregoing paragraphs 1 to 3 contain the only amendments or variations to the Joint Venture Agreement that are implemented by this Amendment Letter.  All other provisions of the Joint Venture Agreement shall remain in full force and effect, without any amendment or variation.

5.
This Amendment Letter may be executed in any number of counterparts, each of which is an original and which together have the same effect as if each party had signed the same document.

6.
This Amendment Letter is governed by and construed in accordance with the law of Hong Kong.

Please signify your acceptance and agreement to the foregoing by affixing the signatures of your respective authorized representatives in the spaces provided below.

 
   Very truly yours,
   RadioShack Global Sourcing (Hong Kong) Ltd.
   
   By:           /s/James F. Gooch                                                                
   Name:      James F. Gooch
   Title:        President and Chief Executive Officer
   
 Accepted and agreed by:  
   
 For and on behalf of  
 First Honest Enterprises Limited  
   
 Signed by:         /s/Jui Lim Chang  
 Name:              Jui Lim Chang
  
 Title:                Director  
 Date:               31 August 2012  
   
   
 For and on behalf of  
 Perfect Legend Development Limited  
   
 Signed by:        /s/Jui Lim Chang  
 Name:             Jui Lim Chang  
 Title:               Director  
 Date:               31 August 2012  
 
 




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