Power of Attorney
Exhibit 10.79
English Translation
Power of Attorney
I, the undersigned, a shareholder of Baina (Wuhan) Information Technology Co., Ltd. (the Wuhan Baina Information) holding Wuhan Baina Informations 40% equity, agree to authorize Baina Zhiyuan (Beijing) Technology Co., Ltd. (the Beijing Baina Technology or the Authorized) to exercise corresponding shareholders rights to 40% equity held by me and irrevocably authorize the Authorized to exercise rights as follows within the term hereof:
the Authorized is entitled to on my behalf and as a holder of Wuhan Baina Informations 40% equity exercise all shareholders rights available to me in accordance with the law and the companys articles of association, including but not limited to: the right to propose a shareholders meeting, accept any notice on the convening and proceedings of a shareholders meeting, attend the shareholders meeting of Wuhan Baina Information and exercise voting rights at the same as a 40% equity holder (including nomination and appointment of Wuhan Baina Informations directors, general manager, chief financial officer and other senior officers acting as my authorized representative, decision on dividend, etc.), sell or transfer my 40% equity in Wuhan Baina Information, etc.
The Authorized shall have the right to specify any individual appointed by its executive director to exercise the rights granted by the authorizer hereunder.
Unless the Business Agreement signed by Wuhan Baina Information, Beijing Baina Technology and other Wuhan Baina Informations shareholders on XX terminates for cause, the Power of Attorney is valid for ten years, commencing on the signing hereof. Before the expiration hereof, I will extend the term hereof as required by Beijing Baina Technology at the request of Beijing Baina Technology.
Authorized by: Yang Yongzhi |
(Signature): |
Date |
1
English Translation
Power of Attorney
The Company, a shareholder of Baina (Wuhan) Information Technology Co., Ltd. (the Wuhan Baina Information) holding Wuhan Baina Informations 60% equity, agrees to authorize Baina Zhiyuan (Beijing) Technology Co., Ltd. (the Beijing Baina Technology or the Authorized) to exercise corresponding shareholders rights to 60% equity held by the Company and irrevocably authorize the Authorized to exercise rights as follows within the term hereof:
the Authorized is entitled to on behalf of the Company and as a holder of Wuhan Baina Informations 60% equity exercise all shareholders rights available to the Company in accordance with the law and the companys articles of association, including but not limited to: the right to propose a shareholders meeting, accept any notice on the convening and proceedings of a shareholders meeting, attend the shareholders meeting of Wuhan Baina Information and exercise voting rights at the same as a 60% equity holder (including nomination and appointment of Wuhan Baina Informations executive directors, general manager, chief financial officer and other senior officers acting as the Companys authorized representative, decision on dividend, etc.), sell or transfer the Companys 60% equity in Wuhan Baina Information, etc.
The Authorized shall have the right to specify any individual appointed by its executive director to exercise the rights granted by the authorizer hereunder.
Unless the Business Agreement signed by Wuhan Baina Information, Beijing Baina Technology and other Wuhan Baina Informations shareholders as well as the Company on XX terminates for cause, the Power of Attorney is valid for ten years, commencing on the signing hereof. Before the expiration hereof, the Company will extend the term hereof as required by Beijing Baina Technology at the request of Beijing Baina Technology.
Beijing Changyou Star Digital Technology Co., Ltd. |
(Seal) |
Date |
2