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. P160302(0), the “Original Lender“). 

(b) Mr. Robert Hunter Biden (a USA resident with passport No. 488667055, “Mr. Biden). 

(C) Mr. Eric D. Schwerin (a USA resident with passport No. 472523370, “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. AC745165, the “New Lender“).

WHEREAS:

1. 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;

2. 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:

1. The Parties agree that the Loan Agreement shall be amended as follows:
2.  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

outlined

Mr. Li Xiangshengof Bohai Industrial Investment Fund ManagementGeneral ManagerCompanyLimited,the Investment Committee convener.

Mr. Li Xiangsheng joined Bohai Fund in 2007,  previously served as Director of Hong Kong Peregrine Finance Company, President of Beijing Century Flying Tiger Technology Company, Vice President of Huawen Investment Holding Company, Managing Director of MacquarieInvestment Consultants(Beijing)Co., Ltd.  Li Xiang Mr. Sheng has many years of working experience in the investment industry. Now he’s fully in charge of the development and management of company’s investment business .

Mr. Li Xiangsheng graduated from the Department of Physics of Nanjing University in1985 , obtained a Bachelor of Laws from Nanjing University in 1986, and he went on studying in the UK and obtained a Master of Laws from the University of London in 1991. Mr. Li is a professional lawyer.

resume

Non-public

Bohai Sea and the United States(Shanghai)Equity Investment Fund Management Co., Ltd.Director, General Manager and Chairman of the Investment

Committee,20071January to date

Bohai Industrial Investment Fund Management Co., Ltd.

and general manager of the Investment Committee Convenor of the working

Information

Bohai Industrial Investment Fund Management Co., Ltd.CEOLi Xiangsheng

SKANEATELES, LLC

Company Number

EXTUID_2896405

Native Company Number

L39944

Status

Active

Incorporation Date

18 July 2008 (over 12 years ago)

Company Type

Limited Liability Company

Jurisdiction

District of Columbia (US)

Registered Address

• 3512 Multiview Drive,
• Los Angeles
• 90068
• California
• United States

Agent Name

CORPORATION SERVICE COMPANY

Agent Address

1090 VERMONT AVE. NW, Washington, District of Columbia, 20005

Directors / Officers

• Biden, Robert Hunter, executingofficer
• Biden, Robert Hunter, governor
• CORPORATION SERVICE COMPANY, agent

Registry Page

Source District of Columbia Department of Consumer and Regulatory Affairs, https://corponline.dcra.dc.gov/BizEnt…, 27 Sep 2020