Supplemental Agreement to the Share Transfer Agreement
Exhibit 10.24
Supplemental Agreement to the Share Transfer Agreement
Party A (Transferor): Guangzhou Cornerstone Asset Management Co., Ltd.
Address: Xxxx 0000, 00X, Xxxxxxxxx XXX Finance Center, Xx. 0 Xxxxxxxx Xxxx Xxxx, Xxxxxxxx New Town, Tianhe, Guangzhou Guangdong Province
Party B (Transferee): Xxxxx Xxxxxxx
Address: Xxxxx 000, Xx. 000, Xxxxxxx Xxxx Xxxxxx, Xxxxxx, Xxxxxxxxx Province
Party C: Beijing Cornerstone Asset Management Co., Ltd. (hereinafter the “Target Company”)
Address: 00X, Xx.00 Xxxxxxx Xxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxx
This Agreement is the supplementary agreement of the Share Transfer Agreement signed by the Parties on June 10, 2019. The Parties hereby agree as follows through friendly negotiation:
Article 1. Change of Payment
Article 2.1 of the original Agreement is amended as follows: “The total price for the transfer of Target Share is RMB23,000,000 yuan. Party B shall pay the price in three installments: the first installment RMB3,000,000 shall be paid on or before September 30, 2019; the second installment RMB10,000,000 shall be paid on or before December 31, 2019, and the third installment RMB10,000,000 shall be paid on or before March 31, 2021.
Party A’s bank account for receiving the payment is as follows:
Account Name: Guangzhou Cornerstone Asset Management Co., Ltd.
Account No.: 640566028533
Opening Bank: Bank of China Guangzhou Pearl River Branch”
Article 2. The Parties agree that the rights and obligations of the Parties shall be subject to the Share Transfer Agreement signed on June 10, 2019 and this Supplementary Agreement. If there is any discrepancy between the document registered by the administration authority for industry and commerce and the Share Transfer Agreement signed on June 10, 2019 as well as this Supplementary Agreement, the clauses of the Share Transfer Agreement signed on June 10, 2019 and this Supplementary Agreement shall prevail.
Article 3. Others
1. | If there is any discrepancy between the Agreement and the Share Transfer Agreement, the provisions of this Agreement shall prevail. |
2. | Neither Party may transfer its rights and liabilities under this Agreement without the prior written approval of the other Parties. |
3. | This Agreement is signed in three copies, with each Party holding one copy. All the copies are equally effective. |
Party A (Seal): (seal of Guangzhou Cornerstone Asset Management Co., Ltd.)
Date: June 10, 2019
Party B (Seal): /s/ Xxxxx Xxxxxxx
Date: June 10, 2019
Party C (Seal): (seal of Beijing Cornerstone Asset Management Co., Ltd.)
Date: June 10, 2019