Supplementary Agreement of Exclusive Technical Consulting and Management Service Agreement
Exhibit 4.19
Supplementary Agreement of Exclusive Technical Consulting
and Management Service Agreement
This Supplementary Agreement of Exclusive Technical Consulting and Management Service Agreement (hereinafter referred to as “this Agreement”) was entered into by the following two parties on May 8, 2023:
(1) | Party A: Guangzhou Qingyin Information Technology Co., Ltd., a company with limited liability duly incorporated and validly subsisting under the laws of the People’ s Republic of China (hereinafter referred to as “PRC”), whose registered address is Xxxx 000, Xxxxxxxx 00, Xx.000 Xxxxxxx Xxxxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxxx Xxxx; and |
(2) | Party B: Guangzhou Huanliao Network Technology Co., Ltd., formerly known as Guangzhou Zhiya Network Technology Co., Ltd., a company with limited liability duly incorporated and validly subsisting under the PRC laws, whose registered address is Xxxx 000, Xxxxxxxx 00, Xx.000 Xxxxxxx Xxxxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxxx Xxxx. |
Whereas:
Party A and Party B entered into the Exclusive Technical Consulting and Management Service Agreement (hereinafter referred to as the “Original Agreement”) on July 19, 2022, establishing a business relationship and agreeing that Party B shall pay the relevant amounts to Party A.
The parties amicably negotiate and, in accordance with the provisions of the Civil Code of the PRC, make the following supplementary provisions to the Original Agreement:
1. | The Calculation and Payment Methods for Service Fees as stipulated in Annex II of the Original Agreement is as follows: “Service fees hereunder shall be calculated based on 90% of the monthly after-tax profits of Party B. Party A shall sum up the service fees on a quarterly basis and notify Party B of the amount. Party B shall credit such service fees to Party A’s designated bank account within 10 workdays after receipt of Party A’s notice.” |
The parties agree that the aforementioned provisions are amended as follows: “The service fees under this Agreement shall be any amount
determined at the discretion of Party A within the scope of Party B's after-tax profits each month. Party A may summarize the service fees on a periodic basis determined by Party A and notify Party B thereof. Party B shall credit such service fees to Party A’s designated bank account within 10 workdays after receipt of Party A’s notice.”
2. | Except for the adjustments mentioned above, the other terms of the Original Agreement shall remain in effect. This Agreement is an integral part of the Original Agreement, and in the event of any inconsistency between the Original Agreement and this Agreement, the contents of this Supplementary Agreement shall prevail. |
3. | The execution, effectiveness, modification, interpretation, performance, termination, and resolution of disputes arising from or related to this Agreement shall all be governed by the laws of the PRC. In the event of any dispute arising from the interpretation or performance of the terms under this Agreement, the parties shall attempt to resolve such dispute through negotiation. If negotiation fails, either party may submit the dispute to the Guangzhou Arbitration Commission for resolution in accordance with its current arbitration rules. |
The language to be used in the arbitration shall be Chinese. The arbitral award shall be final and binding on both parties.
4. | This Agreement shall take effect upon being formally signed by the legal representatives or authorized representatives of each party and the affixing of their respective official seals. |
5. | This Agreement shall be executed in 4 counterparts with equal legal force, with 2 held by either party. |
[The following page, containing no text, is the signature page]
[This page, containing no text, is the signature page]
Party A | ||
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Guangzhou Qingyin Information Technology Co., Ltd. | ||
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(Seal) /s/ Seal of Guangzhou Qingyin Information Technology Co., Ltd. | ||
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Signature: | /s/ Xxx Xxxx | |
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Name: | Xxx Xxxx | |
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Position: | Legal representative | |
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Party B | ||
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Guangzhou Huanliao Network Technology Co., Ltd. | ||
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(Seal) /s/ Seal of Guangzhou Huanliao Network Technology Co., Ltd. | ||
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Signature: | /s/ Ding Ning | |
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Name: | Xxxx Xxxx | |
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Position: | Legal representative | |
