SUBSCRIPTION AGREEMENT VICTORY COMMERCIAL MANAGEMENT INC.Subscription Agreement • January 2nd, 2018 • Victory Commercial Management Inc. • Real estate operators (no developers) & lessors • Nevada
WHEREAS, Victory Commercial Management Inc., a Nevada Corporation (the “Company”), desires to issue up to 5,000,000 shares of common stock, par value $.0001 per share (“Common Stock”) at a price of $1.00 per share pursuant to the Registration Statement on Form S-1 initially filed with the Securities and Exchange Commission (the “Commission”) filed on December 29, 2017, which was declared effective on [ ] , 2018 (the “Registration Statement”);
Compensation AgreementCompensation Agreement • May 29th, 2020 • Victory Commercial Management Inc. • Real estate operators (no developers) & lessors
Whereas: in the past friendly cooperative relationship between the two parties, Party A provided Party B with stores of Dalian Victory Plaza of an area of 140.01 m2 as a mortgage guarantee for a loan of RMB 5 million Yuan in Dalian Jinzhou Lianfeng Rural Bank Co., Ltd. on May 19, 2017. Up to now, Party B has not repaid the above loan or replaced the collateral as required by Party A. It has a serious adverse impact on the operation and management of our company. Considering that Party B is unable to repay and replace the collateral at present, in order to protect Party A’s legitimate rights and interests from loss, now Party A and Party B have reached the following agreement on matters related to Party A’s provision of assets to Party B for bank mortgage loan through full consultation:
Supplementary Loan AgreementSupplementary Loan Agreement • August 14th, 2020 • Victory Commercial Management Inc. • Real estate operators (no developers) & lessors
In accordance with the supplementary agreement reached by Party A and Party B on June 30, 2019, this supplementary agreement is concluded through negotiation between both parties. Both parties agree that:
Compensation AgreementCompensation Agreement • July 10th, 2020 • Victory Commercial Management Inc. • Real estate operators (no developers) & lessors
Whereas: in the past friendly cooperative relationship between the two parties, Party A provided Party B with stores of Dalian Victory Plaza of an area of 14.58 m2 as a mortgage guarantee for a loan of RMB 5 million Yuan in Dalian Jinzhou Lianfeng Rural Bank Co., Ltd. on May 19, 2017. Up to now, Party B has not repaid the above loan or replaced the collateral as required by Party A. It has a serious adverse impact on the operation and management of our company. Considering that Party B is unable to repay and replace the collateral at present, in order to protect Party A’s legitimate rights and interests from loss, now Party A and Party B have reached the following agreement on matters related to Party A’s provision of assets to Party B for bank mortgage loan through full consultation:
Supplementary Agreement (II) of Strategic Cooperation Framework AgreementSupplementary Agreement • May 29th, 2020 • Victory Commercial Management Inc. • Real estate operators (no developers) & lessors
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.
DATED THE 1ST DAY OF OCTOBER 2020 Victory Commercial Investment Ltd. (Vendor) and SINO PRIDE DEVELOPMENT (HK) LIMITED (Purchaser) and Victory Commercial Management Inc. (Vendor’s Parent) SALE AND PURCHASE AGREEMENT relating to the sale and purchase of...Sale and Purchase Agreement • October 7th, 2020 • Victory Commercial Management Inc. • Real estate operators (no developers) & lessors • Hong Kong
Compensation AgreementCompensation Agreement • July 10th, 2020 • Victory Commercial Management Inc. • Real estate operators (no developers) & lessors
Whereas: in the past friendly cooperative relationship between the two parties, Party A provided Party B with stores of Dalian Victory Plaza of an area of 137.79 m2 as a mortgage guarantee for a loan of RMB 5 million Yuan in Dalian Jinzhou Lianfeng Rural Bank Co., Ltd. on May 19, 2017. Up to now, Party B has not repaid the above loan or replaced the collateral as required by Party A. It has a serious adverse impact on the operation and management of our company. Considering that Party B is unable to repay and replace the collateral at present, in order to protect Party A’s legitimate rights and interests from loss, now Party A and Party B have reached the following agreement on matters related to Party A’s provision of assets to Party B for bank mortgage loan through full consultation:
