Confirmation Agreement of Offsetting between Creditors’ Rights and Debt
Exhibit 10.30
Offsetting between Creditors’ Rights and Debt
This Agreement was signed in Shenzhen city on July 2023.
Party A: Beijing ABGreen Reverse Supply Chain Management Co., Ltd. (hereinafter referred to as “Party A”)
Unified social credit code: 91110108MACK1DNP9U
Legal representative: Xxxx Xxxxxxx
Party B: Shenzhen ABGreen Environmental Protection Technology Co., LTD. (hereinafter referred to as “Party B”)
Unified social credit code: 91440300MA5D92ED8U
Legal representative: Xxxx Xxxxxxx
Party C: Shenzhen Carbon Zero Technology Co., Ltd (hereinafter referred to as “Party C”)
Unified social credit code: 91440300MA5HCAXL6D
Legal representative: Xxxx Xxxxxxx
Party D1: Xxx Xxxxx
Id. No.:
Party D2: Xxxx Xxxxx
Id. No.:
Party D3: Xx Xxxx
Id. No.:
Party D4: Xx Xxxxxxx
Id. No.:
Party D5: Xxxx Xxxxxxxx
Id. No.:
Party D6: Xxxx Xxxxxx
Id No.:
Party D7: Xxxx Xxxxxxx
Id. No.:
Party D8: Xxxxx Xxxxxx
Id. No.:
Party D9: Xx Xxxxx
Id. No.:
Party D10: Ban Zhongxuan
Id. No.:
Party D11: Xxxx Xxxxxxx
Id. No.:
The above Party D1, D2, D3, D4, D5, D6, D7, D8, D9, D10, D11 are synthesized into the”Party D”;
in view of:
During 2022 and 2023, Party B and Party C collected the investment funds from Party D on behalf of Party A. According to the Debt Confirmation and Loan Agreement signed previously, the liabilities between Party B and Party C to Party A are RMB 109,100,000 (in words: one hundred and nine million and one hundred thousand only);
At the same time, the financing expenses paid by Party B and Party C on behalf of Party A in 2022 and 2023 are RMB 9,142,228 (in words: RMB nine million one hundred forty-two thousand two hundred and twenty-eight only);
In accordance with the relevant provisions of laws and regulations, under the principle of voluntary equality, honesty and trustworthiness, Party A, Party B and Party C shall, through full consultation, make the following provisions for mutual compliance.
| 1. | The financing fees paid by Party B and Party C on behalf of Party A in 2022 and 2023, is actually paid by Party A, and Party A is supposed to repay it to Party B and Party C. At the same time, as Party B and Party C have outstanding debt to Party A, now the debt between the parties will be offset, which is Party B and Party C has completed the debt repayment to Party A. |
| 2. | After the offsetting of the debt and creditors’ rights and confirmation of Party A, Party B and Party C, the total amount of debts between Party B and Party C to Party A is 99,957,772 (in words: RMB ninety nine million nine hundred fifty-seven thousand seven hundred and seventy-two only). |
| 3. | After offsetting, the debt of Party B and Party C to Party A is RMB 99,957,772. The repayment period is 5 years from July 1,2023 to June 30,2028; During the debt repayment period, Party B and Party C may irregularly repay the principal and issue a settlement statement. |
| The annual interest rate is 5.5%, counted as 30 days a month, Party B and Party C shall annually settle the interest before December 31 during the repayment period. The interest shall be reduced along with the reduced principal suppose to be repaid. | |
| 4. | If Party A, Party B and Party C have any other repayment provisions, they may negotiate or sign a supplementary agreement separately. The supplementary agreement shall have the same legal effect. |
| 5. | Any dispute arising from the performance of this Contract shall be settled through negotiation, any party shall have the right to file a lawsuit with the people’s court with jurisdiction in the place where Party B is located. |
| 6. | This Agreement shall come into force upon being signed or sealed by all parties. This Agreement is made in 14 copies, with Party A, Party B, Party C and Party D each holding one copy and each copy having the same legal effect. |
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Party A:
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Party B:
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Party C:
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Party D1:
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Party D3:
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Party D4:
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Party D5:
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Party D6:
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Party D7:
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Party D8:
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Party D9:
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Party D10:
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Party D11:
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