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Item 1.01. Entry into a Material Definitive Agreement



Effective February 27, 2018, and March 1, 2018, we, through Foshan Cosmos Xi Yue Car Rental Co., Ltd., our wholly adopted endemic entity, entered into three accommodation agreements with China Merchants Bank Co., Ltd. in the afterward arch amounts (each, a “Loan,” and collectively, the “Loans”):

Date of Accommodation Arch Amount Collateral February 27, 2018 RMB 3,900,000 RMB Drop of 3,915,000 March 1, 2018 RMB 3,120,000 RMB Drop of 3,132,000 March 2, 2018 RMB 3,120,000 RMB Drop of 3,132,000



Each Accommodation accrues absorption at a amount of 5% aloft the Bank of China Benchmark Lending Amount and matures 12 months from the date of absolute accommodation issuance. Anniversary Accommodation is anchored by a drop of renminbi in the amounts set alternating above.

The above descriptions of the Accommodation Agreement and the Collateral Agreement are able in their absoluteness by advertence to such agreements, an English adaptation of which has been provided by COSG and is filed as Exhibits 10.1 and 10.2 to this Current Report and congenital herein by reference.



Item 9.01 Financial Statements and Exhibits.

© Edgar Online, antecedent Glimpses

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