Common use of Nianxu Zeng Clause in Contracts

Nianxu Zeng. 1. This agreement is the deferred repayment agreement of the debt assignment agreement signed on December 31, 2020. 2. Reasons for extension Due to the impact of the epidemic, Party A has difficulty in working capital and cannot repay the loan on schedule. 3. The original loan amount and the original loan interest rate Original outstanding amount: RMB687,486.34 Include the principal amount: RMB600,000.00 Accrued Interest: RMB87,486.34 4. Amount of loan to be extended, period and interest rate Amount of deferred arrears: 687,486.34 Interest rate of deferred arrears: 20% annually 5. Extension period: 2021.01.01-2021.6.30 6. Total payment amount when extension due: RMB755,669.92 7. During the extension period, Party A can repay all or part of the arrears in advance according to the actual situation, and the part repaid in advance will not pay interest. 8. During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, Party B requires Party A to bear the liability for breach of contract within the scope of the principal and interest of Party A’s outstanding creditor’s rights. 9. This agreement is made in duplicate, with each party holding one copy. It will come into force after being signed and sealed by both parties. Other matters not covered herein shall be decided by both parties through negotiation. (stamp) /s/ /s/ Nianxu Zeng 2020.12.31 2020.12.31 Party A (transferor): ZHONGNIAN TECHNOLOGY (BEIJING) CO.,LTD Party B (transferee): ZENG NIANXU Party C (debtor): SMARTEN TECHNOLOGY CO.,LTD In order to properly resolve the debt issue, Party A, Party B and Party C, through friendly negotiation, have reached the following agreement on assignment of creditor’s rights in accordance with the law, and shall abide by all parties: 1. Party A, Party B and Party C agreed and confirmed: As of December 31, 2020, Party C has borrowed from Party A with a total principal and interest of RMB 687,486.34. Interest will be calculated based on the original contract interest rate from January 1, 2021. 2. Both Party A and Party B agree that from January 1, 2021, Party A will have a total of RMB 687,486.34 of the creditor’s rights to Party C and transfer all subsequent interests to Party B, and Party B will directly claim the creditor’s rights against Party C according to this agreement. 3. Representations, warranties, and commitments: 1. Party A undertakes and guarantees that: it has the right to implement the transfer of creditor’s rights under this agreement and can independently assume civil liability; the creditor’s rights transferred are legal and valid creditor’s rights. 2. Party B undertakes and guarantees that: it has the right to accept the assignment of the creditor’s rights under this agreement and can independently assume civil liability; the assignment of the creditor’s rights under this agreement is a voluntary act. 3. Party C undertakes and guarantees that it is legally established and validly existing; that it is voluntary and capable of repaying the above-mentioned debts to Party B in accordance with this agreement. 4. After this agreement takes effect, Party B shall not claim any more claims against Party A. 5. If this agreement is invalid or revoked, Party A will continue to perform its obligations in accordance with the original contract and other legal documents. 6. All parties agree that if one party violates its representations, warranties, commitments or any other obligations in this agreement, causing the other party to suffer or suffer damages, losses, claims, etc., the breaching party shall make full compensation from the other party. 7. This agreement will take effect after being signed by the three parties and stamped by both parties A and C. 8. Matters not covered in this agreement shall be handled in accordance with relevant national laws, regulations and rules. 9. This agreement is made in triplicate, each party A, B and C hold one copy, which has the same legal effect.

Appears in 2 contracts

Samples: Loan Agreement (Harmony Energy Technologies Corp), Loan Agreement (Harmony Energy Technologies Corp)

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Nianxu Zeng. 1. This agreement is the deferred repayment agreement of the debt assignment extension agreement signed on December 31, 2020. 2. Reasons for extension Due to the impact of the epidemic, Party A has difficulty in working capital and cannot repay the loan on schedule. 3. The original loan amount and the original loan interest rate Original outstanding amount: RMB687,486.34 RMB755,669.92 Include the principal amount: RMB600,000.00 RMB687,486.34 Accrued Interest: RMB87,486.34RMB68,183.58 4. Amount of loan to be extended, period and interest rate Amount of deferred arrears: 687,486.34 RMB755,669.92 Interest rate of deferred arrears: 20% annually 5. Extension period: 2021.01.012021.07.01-2021.6.302021.12.31 6. Total payment amount when extension due: RMB755,669.92RMB831,858.01 7. During the extension period, Party A can repay all or part of the arrears in advance according to the actual situation, and the part repaid in advance will not pay interest. 8. During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, Party B requires Party A to bear the liability for breach of contract within the scope of the principal and interest of Party A’s outstanding creditor’s rights. 9. This agreement is made in duplicate, with each party holding one copy. It will come into force after being signed and sealed by both parties. Other matters not covered herein shall be decided by both parties through negotiation. (stamp) /s/ /s/ Nianxu Zeng 2020.12.31 2020.12.31 Party A (transferor): ZHONGNIAN TECHNOLOGY (BEIJING) CO.,LTD Party B (transferee): ZENG NIANXU Party C (debtor): SMARTEN TECHNOLOGY CO.,LTD In order to properly resolve the debt issue, Party A, Party B and Party C, through friendly negotiation, have reached the following agreement on assignment of creditor’s rights in accordance with the law, and shall abide by all parties: 1. Party A, Party B and Party C agreed and confirmed2021.6.30 2021.6.30 ADD : As of December 31, 2020, Party C has borrowed from Party A with a total principal and interest of RMB 687,486.34. Interest will be calculated based on the original contract interest rate from January 1, 2021. 2. Both Party A and Party B agree that from January 1, 2021, Party A will have a total of RMB 687,486.34 of the creditor’s rights to Party C and transfer all subsequent interests to Party B, and Party B will directly claim the creditor’s rights against Party C according to this agreement. 3. Representations, warranties, and commitments: 1. Party A undertakes and guarantees that: it has the right to implement the transfer of creditor’s rights under this agreement and can independently assume civil liability; the creditor’s rights transferred are legal and valid creditor’s rights. 2. Party B undertakes and guarantees that: it has the right to accept the assignment of the creditor’s rights under this agreement and can independently assume civil liability; the assignment of the creditor’s rights under this agreement is a voluntary act. 3. Party C undertakes and guarantees that it is legally established and validly existing; that it is voluntary and capable of repaying the above-mentioned debts to Party B in accordance with this agreement. 4. After this agreement takes effect, Party B shall not claim any more claims against Party A. 5. If this agreement is invalid or revoked, Party A will continue to perform its obligations in accordance with the original contract and other legal documents. 6. All parties agree that if one party violates its representations, warranties, commitments or any other obligations in this agreement, causing the other party to suffer or suffer damages, losses, claims, etc., the breaching party shall make full compensation from the other party. 7. This agreement will take effect after being signed by the three parties and stamped by both parties A and C. 8. Matters not covered in this agreement shall be handled in accordance with relevant national laws, regulations and rules. 9. This agreement is made in triplicate, each party A, B and C hold one copy, which has the same legal effect.Rx 0000,Xx.00 Guangda Road,Banan Community,Yuanshan Street,Longgang District,Shenzhen City Unified social credit code: 914403003194288778

Appears in 1 contract

Samples: Loan Agreement (Harmony Energy Technologies Corp)

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Nianxu Zeng. 1. This agreement is the deferred repayment agreement of the debt assignment agreement signed on December 31, 2020. 2. Reasons for extension Due to the impact of the epidemic, Party A has difficulty in working capital and cannot repay the loan on schedule. 3. The original loan amount and the original loan interest rate Original outstanding amount: RMB687,486.34 Include the principal amount: RMB600,000.00 Accrued Interest: RMB87,486.34 4. Amount of loan to be extended, period and interest rate Amount of deferred arrears: 687,486.34 Interest rate of deferred arrears: 20% annually 5. Extension period: 2021.01.01-2021.6.30 6. Total payment amount when extension due: RMB755,669.92 7. During the extension period, Party A can repay all or part of the arrears in advance according to the actual situation, and the part repaid in advance will not pay interest. 8. During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, Party B requires Party A to bear the liability for breach of contract within the scope of the principal and interest of Party A’s outstanding creditor’s rights. 9. This agreement is made in duplicate, with each party holding one copy. It will come into force after being signed and sealed by both parties. Other matters not covered herein shall be decided by both parties through negotiation. (stamp) /s/ /s/ Nianxu Zeng 2020.12.31 2020.12.31 Party A (transferor): ZHONGNIAN TECHNOLOGY (BEIJING) CO.,LTD Party B (transferee): ZENG NIANXU Party C (debtor): SMARTEN TECHNOLOGY CO.,LTD In order to properly resolve the debt issue, Party A, Party B and Party C, through friendly negotiation, have reached the following agreement on assignment of creditor’s rights in accordance with the law, and shall abide by all parties: 1. Party A, Party B and Party C agreed and confirmed: As of December 31, 2020, Party C has borrowed from Party A with a total principal and interest of RMB 687,486.34. Interest will be calculated based on the original contract interest rate from January 1, 2021. 2. Both Party A and Party B agree that from January 1, 2021, Party A will have a total of RMB 687,486.34 of the creditor’s rights to Party C and transfer all subsequent interests to Party B, and Party B will directly claim the creditor’s rights against Party C according to this agreement. 3. Representations, warranties, and commitments: 1. Party A undertakes and guarantees that: it has the right to implement the transfer of creditor’s rights under this agreement and can independently assume civil liability; the creditor’s rights transferred are legal and valid creditor’s rights. 2. Party B undertakes and guarantees that: it has the right to accept the assignment of the creditor’s rights under this agreement and can independently assume civil liability; the assignment of the creditor’s rights under this agreement is a voluntary act. 3. Party C undertakes and guarantees that it is legally established and validly existing; that it is voluntary and capable of repaying the above-mentioned debts to Party B in accordance with this agreement. 4. After this agreement takes effect, Party B shall not claim any more claims against Party A. 5. If this agreement is invalid or revoked, Party A will continue to perform its obligations in accordance with the original contract and other legal documents. 6. All parties agree that if one party violates its representations, warranties, commitments or any other obligations in this agreement, causing the other party to suffer or suffer damages, losses, claims, etc., the breaching party shall make full compensation from the other party. 7. This agreement will take effect after being signed by the three parties and stamped by both parties A and C. 8. Matters not covered in this agreement shall be handled in accordance with relevant national laws, regulations and rules. 9. This agreement is made in triplicate, each party A, B and C hold one copy, which has the same legal effect.. Party A: (stamp) Party B: /s/ Nianxu Zeng Party C: (Stamp) ADD : Rx 0000,Xx.00 Guangda Road,Banan Community,Yuanshan Street,Longgang District,Shenzhen City Unified social credit code: 914403003194288778

Appears in 1 contract

Samples: Loan Agreement (Harmony Energy Technologies Corp)

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