Three Parties Agreement on Creditor’s Rights and Debts
Exhibit 10.15
Three Parties Agreement
on Creditor’s Rights and Debts
Party A： SMARTEN TECHNOLOGY CO.,LTD
Address： Rm 0000,Xx.00 Xxxxxxx Road,Banan Community,Yuanshan Street,Longgan g District,Shenzhen City
Unified social credit code： 914403003194288778
Party B： XXXXXX XXXXX
Address： Xx 0X, Xxxxx X, Xx.0 Xxxxxxxx, Xxxxxxxxx Times Garden, Zhongshan Avenu e, Pingshan Street , Pingshan District, Shenzhen City
| ID No. ： | 000000000000000000 | Tel: | 00000000000 |
Party C：NAN DU
Address： Xx 000, Xxxxx X, Xx.0 Xxxxxxxx, Xxxxxx Central Throne, Longcheng Street, L onggang District, Shenzhen City
| ID No.： | 000000000000000000 | Tel： | 00000000000 |
After equal and voluntary negotiation, Party A, Party B and Party C have reached the follo wing agreement on the repayment of creditor’s rights and debts:
| 1. | As of the date of signing this agreement, the three parties have confirmed that Party B ha s lent a total of XXX 000000 to Party A through Party C’s account. |
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| 2. | The payment and repayment plan for both parties A & B are as follows. |
2.1. Party A shall calculate and pay the loan interest monthly from July 1, 2020, and the monthly interest rate shall be calculated at 1.5% and paid before the 10th of the next mo nth.
2.2. Party A will repay all principal before December 31, 2020.
| 3. | After Party A fulfills the payment obligation to Party B in accordance with this agreemen t, this debt of Party A to Party C will be settled. |
| 4. | After the signing of this agreement, Party B shall not require Party C to pay. If the princi pal and interest are not paid on time due to Party A’s reasons, Party B shall require Pa rty A to bear the liability for breach of contract within the scope of the principal and inte rest of Party B’s unpaid creditor’s rights. |
| 5. | In case of any dispute arising from the performance of this agreement, the parties shall negotiate friendly. If the negotiation fails, they may bring a lawsuit to the people’s court where Party A is located. |
| 6. | This agreement is made in triplicate, with each party holding one copy, which shall com e into force after being signed and sealed by the three parties. |
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| <No text on this page> | |||
| Party A: SMARTEN TECHNOLOGY CO.,LTD | Party B： | XXXXXX XXXXX | |
| (stamp) | |||
| /s/ | X /s/ XXXXXX XXXXX | ||
| Party C： NAN DU | |||
| X /s/ NAN DU |
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DEBT EXTENSION AGREEMENT
PARTY A : SMARTEN TECHNOLOGY CO.,LTD
| ADD : | Xx 0000,Xx.00 Guangda Road,Banan Community,Yuanshan Street,Longgang District,Shenzhen City | |
| USCC ： | 914403003194288778 |
PARTY B : XXXXXX XXXXX
| ADD : | Xx 0X, Xxxxx X, Xx.0 Xxxxxxxx, Xxxxxxxxx Times Garden, Zhongshan Avenue, Pingshan Street , Pingshan District, Shenzhen City |
| ID No.： | 000000000000000000 | TEL： | 00000000000 |
1. This agreement is the deferred repayment agreement of the three-party agreement on creditor’s rights and debts signed on June 30, 2020.
2. Reasons for extension
Party A has difficulty in working capital and cannot repay the loan on schedule.
3. The original arrears amount and the original arrears interest rate
Original arrears: RMB 370,000
Original arrears interest rate: 1.5% monthly interest rate
4. Amount of arrears for the extension period and interest rate of the arrears for the extension period
Amount of deferred arrears: XXX 000000
Interest rate of deferred arrears: 1.5% per month
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5. Extension period: 2021.01.01-2021.12.31
6. Extension arrears and interest payment method
Payment method of deferred arrears: repay all arrears before December 31, 2021
Payment method of extension interest: the interest of the previous month shall be paid before the 10th of the next month.
7. During the extension period, Party A may repay all or part of the arrears in advance according to the actual situation, and no interest will be paid for the part repaid in advance.
8. During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, Party B can requires Party A to bear the liability for breach of contract within the scope of the principal and interest of the creditor’s rights unpaid by Party A.
9. This agreement is made in duplicate, with each party holding one copy. It will come into force after being signed and sealed by both parties. Other matters not covered herein shall be decided by both parties through negotiation.
| Party A: | SMARTEN Party | Party B： | XXXXXX XXXXX | |
| TECHNOLOGY CO.,LTD | ||||
| [STAMP] | /s/ Xxxxxx Xxxxx | |||
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