This Supplemental Agreement of the Loan Agreement (hereinafter referred to as “this Supplemental Agreement”) was signed by the following parties on November 29, 2018:
Party A: Zhejiang Mengxiang Consulting Services Co., Ltd., a wholly foreign-owned enterprise legally incorporated and existing under the laws of PRC; Unified Social Credit Code: 91331100MA2E0B7832; Address: Building 20, No. 99, Xianglong Street, Shuige Industrial Zone (Lijing Ethnic Industrial Zone), Lidu District, Lishui City, Zhejiang Province (hereinafter referred to as “WFOE” or “Party A”).
Party B: Zhejiang Lishui Mengxiang Education Development Co., Ltd., a limited liability company legally incorporated and existing under the laws of China; Unified Social Credit Code: 913311007315134241; Address: No. 818 Huayuan Road, Liandu District, Lishui City, Zhejiang Province (hereinafter referred to as the “Lishui Mengxiang” or “Party B”).
Party C: Liandu Foreign Languages School and the Kindergarten of Liandu Foreign Languages School.
Each of the WFOE, Lishui Mengxiang, Liandu Foreign Languages School and the Kindergarten of Liandu Foreign Languages School shall be referred to as a “Party” and all parties are collectively referred to as the “Parties”.
Considering the Kindergarten of Liandu Foreign Languages School is no longer listed in the domestic affiliates of the proposed listing, the Parties agree as follows through negotiation:
1. The Parties unanimously agree that, from the date hereof, the Kindergarten of Liandu Foreign Languages School shall cease to be a party to the Loan Agreement (the “Original Loan Agreement”) executed by the Parties on October 13, 2018, and the Original Loan Agreement should not be legally binding to the Kindergarten of Liandu Foreign Languages School.
(1) The Parties unanimously agree that, from the date hereof, the definition of the “Domestic Affiliates” listed in the Article I of the Original Loan Agreement is revised as follow: “Domestic Affiliates” means the Zhejiang Lishui Mengxiang Education Development Co., Ltd. and the schools of the restricted and prohibited education held by Zhejiang Lishui Mengxiang Education Development Co., Ltd., including Liandu Foreign Languages School.
2
