SUPPLEMENTAL AGREEMENT TO SERIES A-2 PREFERENCE SHARES SUBSCRIPTION AGREEMENT
Exhibit 4.7
This Supplemental Agreement to Series A-2 Preference Shares Subscription Agreement (the
“Agreement”) is entered into as of December 6th, 2010 between ▇▇▇▇▇▇ Literature Corporation (the
“Company”) and ▇▇▇▇▇▇ Investment Holdings Limited (“▇▇▇▇▇▇ Investment”), a wholly-owned subsidiary
of ▇▇▇▇▇▇ Interactive Entertainment Limited (“▇▇▇▇▇▇”).
Reference is hereby made to the loan agreement between ▇▇▇▇▇▇ and the Company dated June 15th,
2010 (the “ June Loan Agreement”), pursuant to which ▇▇▇▇▇▇ extended an unsecured loan (the “Loan”)
in the principal amount of US$14,645,577 to the Company. Capitalized terms not defined herein shall
have the meaning given to them in the June Loan Agreement. The June Loan Agreement was
assigned by ▇▇▇▇▇▇ to ▇▇▇▇▇▇ Investment pursuant to a Loan Assignment and Assumption Agreement
between ▇▇▇▇▇▇ and ▇▇▇▇▇▇ Investment dated October 28, 2010.
In consideration of the mutual agreements set forth herein, the parties hereto agree as
follows:
▇▇▇▇▇▇ Investment shall satisfy its obligation to pay the purchase price of US$14,645,577 in
cash for 7,396,757 Series A-2 Preference Shares to be issued to ▇▇▇▇▇▇ Investment under the Series
A-2 Preference Shares Subscription Agreement by releasing the Company from its obligation under the
June Loan Agreement, including without limitation, the obligations to repay any outstanding
principal and/or interest on the Loan, and the June Loan Agreement is hereby terminated.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on
December 6th, 2010.
| ▇▇▇▇▇▇ LITERATURE CORPORATION |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |||
| Title: | Chief Financial Officer | |||
| ▇▇▇▇▇▇ INVESTMENT HOLDINGS LIMITED |
||||
| By: | /s/ ▇▇▇▇▇ ▇▇ | |||
| Name: | ▇▇▇▇▇ ▇▇ | |||
| Title: | Chief Financial Officer | |||