Hunter Biden’s Loan Agreement – AMENDMENT No. 1 TO THE LOAN AGREEMENT DATED JUNE 30, 2017
This Amendment Agreement No. 1 (this “Amendment”) is made on October 31, 2018 by and among the following parties (each a “Party” and together the “Parties”):
(a) Mr Xiangsheng Li (a HK resident with HK ID No. Pxxxxxx, the “Original Lender“).
(b) Mr. Robert Hunter Biden (a USA resident with passport No. xxxxxxxxx, “Mr. Biden).
(C) Mr. Eric D. Schwerin (a USA resident with passport No. xxxxxxxxx, “Mr. Schwerin“),
(d) Skaneateles, LLC (a limited liability company registered under the laws of the District of Columbia, USA, “Skaneateles“, together with Mr. Biden and Mr. Schwerin collectively referred to as the “Borrowers” and individually as a “Borrower”),
(e) Ms. Xin Wang (Canada Passport No. ACxxxxxxx, the “New Lender“).
WHEREAS:
The Original Lender and the Borrowers entered into a loan agreement dated June 30, 2017 (the “Loan Agreement“) pursuant to which it was agreed that the Original Lender would make certain advances to Skaneateles for the purpose of funding its registered capital obligations to BHR;
the Original Lender did not have sufficient funds to make the entire Loan as stipulated in the Loan Agreement and the New Lender stepped in to make a direct loan to the Borrowers in the amount of US$158,000 (the “New Loan“) on December 4, 2017;
NOW THEREFORE, the Parties agree as follows:
The Parties agree that the Loan Agreement shall be amended as follows:
paragraph 1 of the Loan Agreement shall be deleted in its entirety and replaced with the following:
“Principal of the Loan: the New Lender agrees to provide to the Borrowers and the Borrowers agree to accept from the New Lender a term loan in the aggregate amount of US$158.000 (the “Loan“);
all references in the Loan Agreement to the “Lender” shall be deleted
and replaced with “New Lender”:
[Signature Page]
Original Lender
Xiangsheng Li
Signature:
New Lender
Xin Wang
Signature:
Borrower
Robert Hunter Biden
Signature:
Borrower
Eric D. Schwerin
Signature:
Borrower
Skaneateles, LLC
Authorized representative:
Li Xiangsheng
Bohai Industry Investment Fund Management Co., Ltd. Itthe general manager and the Investment Committee