Supplemental Agreement Extending Acquisition Terms Between Yangtze River Port and Logistics Limited and Fujian Yuesheng Industrial Development Limited

Contract Categories: Mergers & Acquisitions › Merger Agreements
Summary

Yangtze River Port and Logistics Limited and Fujian Yuesheng Industrial Development Limited have signed a supplemental agreement to extend the terms of their previous acquisition agreements regarding Wuhan Economic Development Port Co., Limited and Energetic Mind Limited. The extension moves the deadline for the agreements to July 31, 2018. The agreement is effective upon signing and holds the same legal weight as the original and prior supplemental agreements. Both parties and a guarantor have executed the agreement.

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EX-10.1 2 f8k060518ex10-1_yangtzeriver.htm ENGLISH TRANSLATION OF THE NEW SUPPLEMENTAL AGREEMENT

Exhibit 10.1

 

(English Translation)

 

SUPPLEMENTAL AGREEMENT

 

THIS SUPPLEMENTAL AGREEMENT, dated as of June 5, 2018, is made by and between Yangtze River Port and Logistics Limited (“Party A” and formerly known as Yangtze River Development Limited) and Fujian Yuesheng Industrial Development Limited (“Party B” and “Fujian Yuesheng”) in Wuhan City, China:

 

WHEREAS, on December 26, 2017, Party A and the eight shareholders, including Party B, of Wuhan Economic Development Port Co., Limited (incorporated in China, hereinafter “Party B Target Company”) signed an Agreement in respect of Party A’s proposed acquisition of Party B Target Company as well as Party B’s proposed acquisition of the equity in Energetic Mind Limited (incorporated in the British Virgin Islands and held by Party A) (hereinafter the “Agreement”),

 

AND, Party A and Party B signed Supplemental Agreements on March 31, 2018 and May 2, 2018 respectively (hereinafter the “Supplemental Agreements”)

 

NOW, THEREFORE, Party A and Party B agree to extend both the Agreement and the Supplemental Agreements to July 31, 2018.

 

THIS SUPPLEMENTAL AGREEMENT is in duplicate whereas Party A and Party B each hold one. It shall take effect upon signing and affixing company seal by both parties and the Guarantor, and shall have the same legal effect as the Agreement dated December 26, 2017 and the Supplemental Agreements of March 31, 2018 and May 2, 2018.

 

Party A

Yangtze River Port and Logistics Limited

Signed by CEO:

 

Party B:

Fujian Yuesheng Industrial Development Limited (with seal)

Signed by Legal Representative:

 

Guarantor of Party B:

Signed by Mr. Wang Kaiwei:

 

SUPPLEMENTAL AGREEMENT – Acquisition of Wuhan Economic Development Port Limited 2018.6.5