Memorandum regarding loan extension, dated April 1, 2021, signed by Hong Kong Takung Art Co., Ltd., Friend Sourcing Ltd, Takung Cultural Development (Tianjin) Co., Ltd. and Chongqing Aoge Import and Export Co., Ltd

EX-10.1 2 tm2111743d1_ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

Memorandum

U.S. dollar lender (hereinafter referred to as "Party A"): Friend Sourcing Ltd, Hong Kong Business Registration Certificate Number: 69815975

U.S. dollar borrower (hereinafter referred to as Party B): Hong Kong Takung Art Co., Ltd., Hong Kong Business Registration Certificate Number: 60371506

Renminbi lender (hereinafter referred to as Party C): Takung Cultural Development (Tianjin) Co., Ltd., a registered company in the People's Republic of China, registration number: 500500229308

Renminbi borrower (hereinafter referred to as Party D): Chongqing Aoge Import and Export Co., Ltd., a registered company in the People's Republic of China, registration number: 120118400006257

Given:

1.	Party A and Party B signed a loan contract with the equivalent of RMB 14,000,000 in USD on September 20, 2019

2.	Party C and Party D signed a loan contract with the equivalent of RMB 14,000,000 in USD on September 20, 2019

3.	The current loan contract has expired, and Party A and Party D do not consider extending the extension in their name due to commercial reasons.

4.	Party A and Party D need extra time to deal with the transfer of claims and debts

5.	Party A, Party B, Party C and Party D reached a consensus to extend the settlement of related claims and debts without additional conditions until July 30, 2021.

6.	Disputes arising from this agreement shall be submitted to a court with jurisdiction in Hong Kong for settlement through litigation.

Party A: Friend Sourcing Ltd		Party B: Hong Kong Takung Art Co., Ltd.

(Stamp)		(Stamp)


Party C: Takung Cultural Development (Tianjin) Co., Ltd.		Party D: Chongqing Aoge Import and Export Co., Ltd.

(Stamp)		(Stamp)