TRIPARTITE AGREEMENT
Exhibit 10.17
Party A: EIGATE (HONG KONG) TECHNOLOGY CO., LIMITED, company number 51739757, a company incorporated in Hong Kong.
Party B: DEC (HK) TECHNOLOGY CO., LIMITED, company number 59528508, a company incorporated in Hong Kong.
Party C: ASPIRE SCIENCE AND TECHNOLOGY LIMITED, company number 67021586, a company incorporated in Hong Kong.
Whereas,
Party A and Party B signed a Loan Agreement Contract on 20th September 2018, that Party B agreed to lend a total sum of USD 30,000,000 to Party A.
Party A and Party C signed a Loan Agreement Contract on 1st September 2018, that Party A agreed to lend a total sum of USD 80,000,000 to Party C. A Supplemental Agreement to Loan Agreement signed on 24th September 2018 between Party A and LIU TUANFANG (HKID number X000000(0)), the sole director of Party A and Party C, specified that USD 50,000,000 out of the above-mentioned USD 80,000,000 loan being the personal loan from LIU TUANFANG to Party C. The residual USD 30,000,000 loan remained as company loan from Party A to Party C.
In light of above loan agreement arrangements, Party A, Party B and Party C hereby agrees that, regarding making the USD 80,000,000 loan available to Party C, Party B to directly issue USD 30,000,000 loan principal to Party C, while Party A to issue the residual USD 50,000,000 loan principal to Party C, as fulfillment of above loan agreement arrangements.
| Agree and accepted by: | |
| EIGATE (HONG KONG) TECHNOLOGY CO., LIMITED | |
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| Date: 24th September 2018 | |
| Agree and accepted by: | |
| DEC (HK) TECHNOLOGY CO., LIMITED | |
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| Date: 24th September 2018 | |
| Agree and accepted by: | |
| ASPIRE SCIENCE AND TECHNOLOGY LIMITED | |
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| Date: 24th September 2018 |
