Amended and Restated Assumption AgreementAssumption Agreement • August 8th, 2011 • Loyalty Alliance Enterprise Corp • Services-computer processing & data preparation
For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, PayEase Technology (Beijing) Co., Ltd. (“PayEase Technology Beijing”) hereby assumes all the rights and obligations of PayEase Beijing (HK) Limited (“PayEase Beijing”) and its subsidiaries under that certain Nominee Agreement dated December 3, 2010 by and between Loyalty Alliance Enterprise Corporation and its subsidiaries, on the one hand, and PayEase Beijing (HK) Limited and its subsidiaries, on the other hand (the “Nominee Agreement”). This Amended and Restated Assumption Agreement is effective as of the date of that certain Equity Transfer Agreement by and among PayEase (HK) Limited, Beijing PayEase E-Commerce Co., Ltd. and Beijing Jinquan Travel Service Co., Ltd. pursuant to which PayEase Beijing (HK) Limited transferred its equity interest in PayEase Technology (Beijing) Co., Ltd. PayEase Beijing Limited and Loyalty Alliance Enterprise Corporation each consent to the assumption by Pa
