AMENDMENT NO. 1 TO LETTER AGREEMENT DATED OCTOBER 26, 2011Letter Agreement • January 7th, 2015 • Zhu Zhengdong • Services-educational services
For good and valuable consideration, the receipt of which is acknowledged by each of the undersigned parties, this Amendment No. 1 (this “Amendment”) dated December 24, 2014 (the “Effective Date”) hereby amends the Letter Agreement dated October 26, 2011 (the “2011 Letter”), executed by Zhu Zhengdong, a citizen of the People’s Republic of China (ID No. 320102196806142439) (“Zhu”), and/or Yin Baohong, a citizen of the People’s Republic of China (ID No. 320102196710242849) (“Yin”, and together with Zhu, the “Shareholders”), in favor of BERTELSMANN ASIA INVESTMENTS AG, a limited liability company organized under the laws of Switzerland ( “BAI” or “Holder” or “Secured Party”), as follows:
RE: Extension of Promissory Note dated December 7, 2011Letter Agreement • January 7th, 2015 • Zhu Zhengdong • Services-educational services
As we have discussed, this letter agreement and each of its exhibits (collectively, this “Letter Agreement”) dated December 24, 2014 (“Effective Date”), is in reference to:
