Amendment to OTT Platform Development Agreement between China VTV Ltd. and Xin Mei Culture Distribution Co., Ltd.
China VTV Ltd. and Xin Mei Culture Distribution Co., Ltd. have agreed to amend the first paragraph of the Recital in their original OTT Platform Development Agreement dated December 22, 2016. The amendment clarifies that China VTV Ltd. owns an OTT technology platform compatible with major systems and projects a viewer base of 3.5 million within three years. Both parties have signed the amendment on July 22, 2019.
EXHIBIT 10.4
Summary Translation of Amendment to OTT Platform Development Agreement
Party A: China VTV Ltd.
Party B: Xin Mei Culture, Ltd.
The first paragraph in the Recital of the OTT Platform Development Agreement dated December 22, 2016, shall be amended as follows:
“WHEREAS:
| 1. | Party A owns the OTT technology platform which is compatible with Google, Apple, and Android TV systems; Party A estimates that its viewer base will reach approximately 3.5 million in the next three years from December 22, 2016 (approximately 2.5 million users on Facebook, WeiBo, Miaopai and other social media, 1 million users on www.chinavtv.tw, and 30,000 Internet TV users); Party A is a new media company with complete systems and functions, and advanced technology.” |
Party A: China VTV Ltd. | Party B: Xin Mei Culture |
| |
Distribution Co., Ltd. | |||
| |||
|
|
|
|
/s/ Tijin Song | /s/ Feng Chen |
| |
Authorized Signature(s) | Authorized Signature(s) | ||
Signature Date: 7/22/2019 | Signature Date: 7/22/2019 |
