Platform Intermediary Service Agreement
Exhibit 10.26
Platform Intermediary Service Agreement
(Contract No. : [●])
Party A (Principal): Chongqing Penglin Food Co. Ltd.
No:91500102781564844k
Legal representative: Zeshu Dai
Party B (Intermediary): Sichuan Toucu Finance Information Service Co. Ltd.
No:91510104091268239Q
Legal representative: Benqiang Shi
Whereas:
1. | Due to the request of the liquid capital, Party A needs external financing (“Financing Project”).Party A delegates Party B as a middleman to post financing information by its’ internet finance service platform (Toucu finance xxx.xxxxxx0x.xxx, “Toucu Platform” ) in order to look for the Lending institutions or personal (“Third Party Funders”) |
2. | Based on the principals of equality and voluntariness, after friendly negotiation, both Parties agree to the terms set forth below. |
I. | Platform Service items |
1. | Party A delegates Party B as an Intermediary to post financing information by Toucu Platform, Party B should make contribution to the loan contract between Party A and Third Party Funders. Assist Party A to complete financing and related items. |
2. | Loan information: |
(1) | Amount: RMB 1,000,000 |
(2) | Interest rate: 7.5% |
(3) | Term: 1 month |
(4) | Purpose: working capital |
(5) | Source of repayment: Business income |
(6) | Guarantee: Asset Mortgage, actual controller guarantee or legal person guarantee, Chongqing Penglin Food Co. Ltd. provides joint guarantees |
(7) | Repayment: loan interest shall be paid monthly and loan principal shall be repaid on maturity date. |
II. | Intermediary service fee and settlement |
1. | Party B shall receive service fee equal to 0.625% of the total loan, payable within 3 business days after Party A receive a loan. |
2. | If Party A does not pay the service fee on time, the liquidated damage is the 10% of the total service fee, with a daily interest of 0.05%. |
Principal: /s/ Chongqing Penglin Food Co. Ltd.
Intermediary: /s/ Sichuan Toucu Finance Information Service Co. Ltd.
Execution date: September 11, 2019