Amendment to Loan Agreement
Exhibit 10.92
Amendment to Loan Agreement
This Amendment to Loan Agreement (the "Amendment") is entered into on December 30, 2016 (the "Effective Date") by and between Law Insurance Broker Co., Ltd., ("Party A") and Action Holdings Financial Limited, a corporation duly organized and existing under the laws of British Virgin Islands ("Party B"). For the purposes of this Agreement, the parties may individually be referred to as "Party" or collectively be referred to as "Parties", as case may be.
WHEREAS, Party A and Party B are parties to a loan agreement with the effective date of January 4, 2016 with certain loan amount at NTD30,000,000 (“Loan Agreement”); and
WHEREAS, the Parties would like to amend the terms and conditions contained in the Loan Agreement through this Amendment.
NOW THEREFORE, the Parties agree to amend the Loan Agreement as follows:
| 1. | Term for the Loan Agreement shall be extended from January 1, 2017 to December 31, 2017 (the “Extended Term”) |
| 2. | The fixed interest rate is 2% for such Extended Term. |
| 3. | The accrued interest for the term of Loan Agreement (from January 12, 2016 to December 31, 2016) shall be made by Party B by December 31, 2016. |
| 4. | The principal amount of the Loan Agreement together with the accrued interest for the Extended Term shall be paid in one lump sum before December 31, 2017. |
IN WITNESS WHEREOF, the Parties have duly executed this Amendment, or have caused this Amendment to be duly executed on their behalf, as of the date first above written. This Agreement is executed in duplicate, with each Party holding one original.
Party A (Lender):
For and on behalf of
Law Insurance Broker Co., Ltd. (seal)
/s/ Shu-Xxx Xxx
Authorized representative: Shu-Xxx Xxx
No: 863008570
Party B (Borrower):
For and on behalf of
Action Holdings Financial Limited (seal)
/s/Xxx Xx-Xxxxx
Authorized representative: Xxx Xx-Xxxxx
No: 53675377
