Supplementary Agreement
V I VIC
This Supplementary Agreement is made on January 2, 2020 and the supplement to the Service Agreement dated December 1, 2019 between: -
Party A: Vivic Corp., located at 000 X. Xxxx Xxxxxxx Xxxx, XXX#X000 Xxx Xxxxx, XX. 00000, and Party B: GO RIGHT HOLDINGS LIMITED, Vistra Corporate Services Centre, Xxxx 00, 0xx Xxxxx, Xxxx Xxxxx, Xxxx Xxxxxx, Xxxx, Xxxxxxxx of Seychelles.
Service Fee
As the Service Agreement dated December 1, 2019, the service fee is total USD $300,000 with the payment schedule as follows
Dec. 5 . 2019 $100,000 due day Dec, 10, 2019 service period Dec.l ,2019- Dec31, 2019
Mar. 5 2020 $100,000 due day Mar. 10, 2020 service period Jan.l, 2020- Feb29.,2020
May.5 2020 $100,000 due day May.10, 2020 service period Mar.l, 2020- May.31, 2020
Due to the COVID-19 pandemic outbreak since December 2019, all Parties agreed to delay the payment as the schedule below.
Dec. 5 . 2019 | $100,000 due day July 25, 2020 | service period Dec.l ,2019- Dec31, 2019 |
Mar. 5 2020 | $100,000 due day July 25, 2020 | service period Jan.l, 2020- Feb29„2020 |
May.5 2020 | $100,000 due day July 25, 2020 | service period Mar.l, 2020- May.31, 2020 |
If any payment is past due, Party B accepts to convert the overdue amount into common shares at the unit price of US$O.25 of Party A.
Party A: | Party B: |
For and on behalf of | For and on behalf of |
Go right Holdings Limited |
Xxx-Xxxxx