Regional Agency Cooperation Supplementary Agreement
REGIONAL AGENCY COOPERATION SUPPLEMENTARY AGREEMENT
Party A: Grand Smooth Inc Ltd (hereinafter referred to as Party A)
Party B: JC Development Co., Ltd. (hereinafter referred to as Party B)
This is due to the outbreak of the new coronavirus disease (COVID-19) in 2020. The epidemic is severe and spread to the whole world. The severe economic recession affects all levels, resulting in delays in the business development of fish farm project. It also disrupted the original company's layout and expansion plan. After friendly consultations between the two parties, some content changes were made to the agency authorization fee, and the following agreement was reached as a supplementary contract. The remaining conditions are still based on the original contract (signed version on September 20, 2019), and both parties shall abide by them.
Article 1: Agency authorization
1. According to the original contract, Party B should pay the second $1 million agency authorization fee to Party A before June 1, 2020. However, due to the COVID-19 epidemic, the two parties agreed to defer the $1 million agency authorization fee of 2020 to 2021 after the agreement. And the remaining three USD 1 million agency authorization payments are also deferred as follows:
a) The second payment of USD 1 million shall be paid before June 1, 2021
b) The third payment of USD 1 million shall be paid before June 1, 2022;
c) The fourth payment of USD 1 million shall be paid before June 1, 2023;
d) The final payment of USD 1 million shall be paid before June 1, 2024.
Article 2: Two copies of the supplementary contract of the agency cooperation agreement in the region, signed and sealed by both parties to take effect, collected by Party A and Party B separately.
Party A: Grand Smooth Inc Ltd
Signature of person in charge: Yin-Chieh Cheng
Company number: 2128119
Address: Room B, 6th Floor, TEDA Commercial Building, 87 Wing Lok Street, Sheung Wan, Hong Kong
Party B: JC Development Co., Ltd.
Signature of person in charge: Feng-Yeh Cheng
Unified Number: 54836040
Address: 3rd Floor, No. 8, Alley 3, Lane 214, Section 4, Chenggong Road, Neihu District, Taipei, Taiwan