The Supplemental Agreement of the Equity Pledge Agreement
Exhibit 10.11
The Supplemental Agreement of the Equity Pledge Agreement
Ye Fen
Ye Fang
Ye Hong
Zhejiang Lishui Mengxiang Education Development Co., Ltd.
and
Zhejiang Mengxiang Consulting Services Co., Ltd.
November 29, 2018
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This Supplemental Agreement of the Equity Pledge Agreement (hereinafter referred to as “this Supplemental Agreement”) was signed by the following parties on November 29, 2018:
Party A: Ye Fen, PRC resident; ID card number: 331121197110154403; Address: ▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇▇ Community, Lutang Street, Dashuimen Community, Wanxiang Street, Liandu District, Lishui City, Zhejiang Province.
Party B: Ye Fang, PRC resident; ID card number: 332522197402114402; Address: ▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇▇ Community, Lutang Street, Dashuimen Community, Wanxiang Street, Liandu District, Lishui City, Zhejiang Province.
Party C:Ye Hong, PRC resident; ID card number:332522197605124408; Address: Room 10-1502, Yueshanju Community, Lvgu Manor, Liandu District, Lishui City, Zhejiang Province.
(The above parties are collectively referred to as “Pledgors”.)
Party D: Zhejiang Lishui Mengxiang Education Development Co., Ltd., a limited liability company legally incorporated and existing under the laws of PRC; Unified Social Credit Code: 913311007315134241; Address: ▇▇. ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (hereinafter referred to as the “Lishui Mengxiang”) and
Party E: Zhejiang Mengxiang Consulting Services Co., Ltd., a wholly foreign-owned enterprise legally incorporated and existing under the laws of China; Unified Social Credit Code: 91331100MA2E0B7832; Address: Building 20, ▇▇. ▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ (Lijing Ethnic Industrial Zone), Liandu District, Lishui City, Zhejiang Province (hereinafter referred to as the “Pledgee” or “WFOE”).
Each of the above parties is referred to as a “Party” and all parties are collectively referred to as the “Parties”.
Considering the Kindergarten of Liandu Foreign Languages School is no longer listed in the domestic affiliates of the proposed listing, the Parties agree as follows through negotiation:
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1. The Parties unanimously agree that, from the date hereof, the definition of the “Domestic Affiliates” listed in the Article I of the Equity Pledge Agreement (the “Original Equity Pledge Agreement”) executed by the Parties on October 13, 2018 is revised as follow: “Domestic Affiliates” means Zhejiang Lishui Mengxiang Education Development Co., Ltd. and the schools of the restricted and prohibited education held by Zhejiang Lishui Mengxiang Education Development Co., Ltd., including Liandu Foreign Languages School.
2. This Supplemental Agreement shall take effect immediately upon being executed by the Parties. This Supplemental Agreement shall be a part of the Original Equity Pledge Agreement; In case of any inconsistency between the Original Equity Pledge Agreement and this Supplemental Agreement, this Supplemental Agreement shall prevail.
3. The governing law and dispute resolution clauses of this Supplemental Agreement are the same as the Original Equity Pledge Agreement
4. This Supplemental Agreement is drafted in Chinese language in five counterparts, each of which shall be held each Party to this Agreement and has the same legal effect.
(Signature Page Follows)
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(This page is the signature page of the Supplemental Agreement Equity Pledge Agreement, and is left blank intentionally.)
| Zhejiang Mengxiang Consulting Service Co., Ltd. (seal) | ||
| Signature of legal representative/authorized representative: | ||
| /s/ | ||
| Zhejiang Lishui Mengxiang Education Development Co., Ltd. (seal) | ||
| Signature of legal representative/authorized representative: | ||
| /s/ | ||
| Ye Fen | ||
| /s/ | ||
| Ye Fang | ||
| /s/ | ||
| Ye Hong | ||
| /s/ | ||
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