Attached files
| file | filename |
|---|---|
| EX-31.1 - CERTIFICATION - China Auto Logistics Inc | f10q0316ex31i_chinaauto.htm |
| EX-31.2 - CERTIFICATION - China Auto Logistics Inc | f10q0316ex31ii_chinaauto.htm |
| EX-32.2 - CERTIFICATION - China Auto Logistics Inc | f10q0316ex32ii_chinaauto.htm |
| EX-32.1 - CERTIFICATION - China Auto Logistics Inc | f10q0316ex32i_chinaauto.htm |
| 10-Q - QUARTERLY REPORT - China Auto Logistics Inc | f10q0316_chinaautologis.htm |
Exhibit 10.2
Payment Extension Agreement
Party A: Tianjin Binhai Shisheng Trading Group Co., Ltd
Party B: Hezhong (Tianjin) International Development Co., Ltd
Party A and Party B had entered into an equity transfer agreement on November 30, 2013, by which Party A acquires 100% equity of Tianjin Zhonghe Auto Sales Service Co., Ltd. As per this acquisition agreement, a payment of RMB ONE HUNDRED TWENTY MILLION was originally due on November 30, 2015. After friendly consultation, the two parties hereby conclude an arrangement as below:
1. On request of Party A, Party B agreed to further extend this due payment to November 30, 2016, and the annual interest rate for the extension is 6%.
2. This agreement is made in two copies with equivalent validity.
3. Any issue not covered herein shall be negotiated separately between the parties.
Party A: /s/ Cheng Weihong Party B: /s/ Fan Jie
| Date: May 12, 2016 |