Termination of Proxy Agreement among Lei Cao, Mingwei Zhang, Sino-Global Shipping America, Ltd., and Sino-Global Shipping Agency Ltd.
This agreement, signed on December 31, 2021, by Lei Cao, Mingwei Zhang, Sino-Global Shipping America, Ltd., and Sino-Global Shipping Agency Ltd., formally ends a previous proxy agreement dated November 14, 2007. As of the effective date, all parties are released from their obligations under the original agreement, and the termination is acknowledged as not constituting a breach. No further responsibilities or liabilities remain between the parties regarding the prior proxy arrangement.
Exhibit 10.14
Summary of English Translation of Termination of Proxy Agreement
This Termination of Proxy Agreement (the “Agreement”) signed by the parties below at Beijing on December 31, 2021.
| Party A: | Lei Cao |
| MingweiZhang |
Party B: Sino-Global Shipping America, Ltd.
Party C: Sino-Global Shipping Agency Ltd.
Collectively referred to as “Parties”.
Whereas:
1. Parties signed the Agreement on November 14, 2007. According to the Agreement, Party A entrusts Party B as its exclusive proxy agent.
2. Both parties agreed to terminate the Agreement.
Parties agree:
1. Effective the date above, the Agreement is to be terminated, the parties shall not be bound by the terms of the Agreement, and shall not have the obligation and responsibility to fulfill the Agreement.
2. Both Parties acknowledge that this termination of the Agreement shall not breach of the Agreement.
| Party A: | Lei Cao |
| MingweiZhang |
By:
Party B: Sino-Global Shipping America, Ltd.
By:
Party C: Sino-Global Shipping Agency Ltd.
By:
