This Supplemental Agreement of the Exclusive Technical Service and Business Consulting Agreement (hereinafter referred to this “Supplemental Agreement”) was entered into by the following Parties on March 29, 2019:
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: XXXXXX; Address: Building 20, No. 99, Xianglong Street, Shuige Industrial Zone (Lijing Ethnic Industrial Zone), Liandu District, Lishui City, Zhejiang Province (hereinafter referred to as “WFOE”).
Party B: Zhejiang Lishui Mengxiang Education Development Co., Ltd. (hereinafter referred to as “Lishui Mengxiang”), Liandu Foreign Languages School.
In this Supplemental Agreement, WFOE, Zhejiang Lishui Mengxiang Education Development Co., Ltd., Liandu Foreign Languages School are collectively referred to as the “Parties”, or individually referred to as a “Party”.
The Exclusive Technical Service and Business Consulting Agreement executed by the Parties on October 13, 2018 and the Supplemental Agreement of the Exclusive Technical Service and Business Consulting Agreement executed by the Parties on November 29, 2018 are collectively referred as the “Original Agreements”.
According to the specific discussion on the charging of service fees, the Parties reached this Supplement Agreement through consultation as follows:
I. Article V of the Exclusive Technical Service and Business Consulting Agreement is amended as follows:
1. Party A provides exclusive technical services and business and consulting services to Party B. Party A shall calculate the service fees receivable from Party B based on its own and Party B’s financial status, confirm the consideration for Party A’s provision of technical services and business and consulting services (Collectively referred to as the “Service Fees”) and charge from Party B. Party B shall pay the Service Fees to Party A according to the agreement between the two parties.
2. For the Service Fees that Liandu Foreign Languages School shall pay to Party A, the Service Fees shall be calculated and confirmed according to the following floating standards: after deducting the necessary costs and expenses required for the business operation of schools in accordance with the provisions of the PRC laws (the primary calculation results related to necessary costs and expenses shall be put forward by Party B and shall be finally confirmed and determined by Party A), and the tax, the make-up for previous year’s loss (if required by applicable law), allocation of statutory school development fund (if required by applicable law) and other expenses that must be withdrawn according to PRC regulations, the Service Fees shall be withdrawn from the balance of the School and paid for the services provided hereunder to Party A, but Party A has the right to adjust the amount of Service Fees according to the specific conditions of the service provided to Schools, the operating status of schools and the development needs of schools which, however, shall not exceed the previously agreed limits.
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