Supplementary Repayment Agreement for Equity Transfer between YANG Peng and Reliant Galaxy International Limited

Summary

This agreement is between YANG Peng (the transferor) and Reliant Galaxy International Limited (the transferee) regarding the sale of shares in Sure Rich Investment (Group) Limited. The transferee agrees to pay the transfer price of CNY 94,106,363 in installments over 15 years, from July 1, 2018, to June 30, 2033, with no interest or additional fees required before full payment. Any disputes will be resolved through friendly negotiation. The agreement is effective upon signing and both parties hold legally valid copies.

EX-10.7 13 fs12023ex10-7_orancoinc.htm TRANSLATION OF THE AGREEMENT REGARDING THE PURCHASE AND SALE OF THE EQUITY INTEREST IN SURE RICH INVESTMENT (GROUP) LIMITED

Exhibit 10.7

Supplementary Repayment Agreement

Transferor: YANG Peng

Transferee: Reliant Galaxy International Limited

Transferor and transferee signed the share transfer agreement on 20.06.2018.

	1.	Transferor transferred the share to transferee by agreement

	2.	Transferring price is CNY 94,106,363

	3.	Payment method: transferee should pay for the share by cash

Payment time: transferee use one-off payment or batch payment and pay all the money to transferor’s bank account within suitable time. Before the full payment is make, the transferee doesn’t need to pay any interest or other fee.

There are some supplementary agreements for transferor and transferee to obey

	1.	Transferee promised the above CNY 94,106,363 share transferring fee will be paid in batches within 15 years. That’s from 01.07.2018 to 30.06.2033. Before the full payment is made, the transferee doesn’t need to pay any interest or other fee.

	2.	Dispute resolution

	3.	Any disputes should be solved by friendly negotiation.

Others

This agreement will be effective from the signing date. There are two copies for transferor and transferee and both copied are legally effective.

03.10.2018