Supplementary Agreement (II) to Strategic Cooperation Framework Agreement between Dalian Shengmalin Trading Co., Ltd. and Dalian Victory Plaza Development Co., Ltd.
Dalian Shengmalin Trading Co., Ltd. and Dalian Victory Plaza Development Co., Ltd. have agreed to extend the repayment deadline for Party B to pay all principal and interest on an existing debt to May 15, 2023. Party B is allowed to arrange the timing of repayments based on its financial situation. All other terms from the original agreements remain in effect unless they conflict with this supplementary agreement, which will take precedence. The agreement is effective upon signing and stamping by both parties.
Exhibit 10.6
Supplementary Agreement (II)
of
Strategic Cooperation Framework Agreement
Party A: Dalian Shengmalin Trading Co., Ltd.
Address: No. 29, West Huichang Street, Ganjingzi District, Dalian, Liaoning
Legal Representative: Li Guizhen
Party B: Dalian Victory Plaza Development Co., Ltd.
Address: No. 28, Victory Plaza, Zhongshan District, Dalian, Liaoning
Legal Representative: Guan Mengda
Both parties agree to change the Supplementary Agreement signed on February 12, 2018 as follows through negotiation:
Repayment period of Party B shall be delayed to May 15, 2023 to pay off all principal and interest of the debt. Party A agrees that Party B can independently arrange the repayment time of principal and interest according to the operation and capital conditions.
Any matter not stipulated in this Supplementary Agreement shall still be executed according to the original Framework Agreement and Supplementary Agreement. In case of any conflict with this Supplementary Agreement, this Supplementary Agreement shall prevail. This Supplementary Agreement is made in duplicate, one copy respectively for each party, and comes into effect upon stamping by both parties.
Party A: Dalian Shengmalin Trading Co., Ltd. (seal)
Signing date: January 15, 2020
Party B: Dalian Victory Plaza Development Co., Ltd. (seal)
Signing date: January 15, 2020
