Rights and Obligations Assumption Letter
Rights and Obligations Assumption Letter
This entity, Heze Qiqiaoban Education Technology Limited, is the subsidiary of BGY Education Investment Management Co., Ltd. (“Investor”) registered in Heze City at Economic Development Zone branch office of the Administration for Market Regulation on March 14, 2017. The Investor holds 85% of the interests in this entity.
In accordance with the Exclusive Management Service and Business Cooperation Agreement (“Agreement”) entered into by and between Investor, Xxxxxx Xxxxxxx Bright Scholar Management Consulting Co., Ltd. and other relevant parties on January 25, 2017, this entity shall join the Agreement according to Article 10.1 of the Agreement as a “New Subsidiary of Party B” under the Agreement.
This entity hereby agrees to join the Agreement as a new Subsidiary of Party B of the Investor, enjoy the rights under the Agreement, and perform the obligations according to the Agreement. This Assumption Letter came into effect upon the date of execution.
Heze Qiqiaoban Education Technology Limited
(Seal) Heze Qiqiaoban Education Technology Limited Affixed
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By: |
/s/Xxxxxx Xxx |
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Name: |
Xxxxxx Xxx |
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Title: |
Legal Representative |
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Date: |
December 10, 2019 |
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