Amendment to Credit Loan Agreement among PBG Water Solutions International, Inc., the Company and Dragon & Tiger Holding Limited

Contract Categories: Business Finance - Loan Agreements
EX-10.9 2 f10k2020ex10-9_qhygroup.htm AMENDMENT TO CREDIT LOAN AGREEMENT AMONG PBG WATER SOLUTIONS INTERNATIONAL, INC., THE COMPANY AND DRAGON & TIGER HOLDING LIMITED

Exhibit 10.9

 

AMENDMENT OF CREDIT LOAN AGREEMENT

  

THIS AMENDMENT OF CREDIT LOAN AGREEMENT (hereinafter, “the Amendment”) is entered into in [     ], as of April 27, 2020 by and between the following Parties:

Party A: Dragon & Tiger Holding Limited, a corporation organized and existing under the laws of Cayman Islands, having its business address at Cayman Islands(hereinafter referred to as the “Lender”).

Party B: PBG Water Solutions International Inc., (the “PBG”) a corporation organized and existing under the laws of Nevada, USA, having its business address at New York. New York and QHY Group, formerly named Yakun International Investment and Holding Group(the “Yakun” ). a corporation organized and existing under the laws of Nevada, USA, having its business address at New York, New York( hereinafter referred to as the “Borrower”.)

(In this Agreement , the aforesaid parties are hereinafter referred to individually as a “Party” and collectively as the “Parties”.)

Above parties have both agreed to extend the expiration date of the original CREDIT LOAN AGREEMENT dated May 1, 2018 to December 31, 2021. 

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(Signature page)

  

IN WITNESS WHEREOF, the Parties have caused this AMENDMENT OF CREDIT LOAN AGREEMENT to be executed as of the date and in the place first set forth above.

  

Lender: Dragon & Tiger Holding Limited      
         
By: /s/ Roy Teng   Name: Roy Teng
Title: Director      
         
Borrower: PBG Water Solutions International Inc.    
         
By: /s/ Roy Teng   Name:   Roy Teng
Title: Director      
         
Borrower: QHY Group(formerly named Yakun International Investment and Holding Group)
         
By: /s/ Jin Siming   Name: Jin Siming
Title: Vice President