Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 32

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 32
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jin)agreed not to transfer its rights and obligations under
the Consulting Service Agreement to any third party without prior written consent from King Eagle (China). In addition, King Eagle (China)
may transfer its rights and obligations under the Consulting Service Agreement to King Eagle (China)’s affiliates without King
Eagle (Tianjin)’s consent, but King Eagle (China) shall notify King Eagle (Tianjin) of such transfer. This Agreement is valid for
a term of 10 years subject to any extension requested by King Eagle (China) unless terminated by King Eagle (China) unilaterally prior
to the expiration.

Business
Operation Agreement

Pursuant
to the terms of a certain Business Operation Agreement dated  May 15, 2021, among King Eagle (China), King Eagle (Tianjin)and the
shareholders of King Eagle (Tianjin) (the “Business Operation Agreement”), King Eagle (Tianjin) has agreed to subject
the operations and management of its business to the control of King Eagle (China). According to the Business Operation Agreement,
King Eagle (Tianjin) is not allowed to conduct any transactions that has substantial impact upon its operations, assets, rights,
obligations and personnel without the King Eagle (China)’s written approval. The shareholders of King Eagle (Tianjin) and King
Eagle (Tianjin) will take King Eagle (China) ‘s advice on appointment or dismissal of directors, employment of King Eagle
(Tianjin)’s employees, regular operation, and financial management of King Eagle (Tianjin). The shareholders of King Eagle
(Tianjin) have agreed to transfer any dividends, distributions or any other profits that they receive as the shareholders of King
Eagle (Tianjin) to King Eagle (China) without consideration. The Business Operation Agreement is valid for a term of 10 years or
longer upon the request of King Eagle (China) prior to the expiration thereof. The Business Operation Agreement might be terminated
earlier by King Eagle (China) with a 30-day written notice. The Business Operation Agreement was terminated on June 10, 2025 as a result of a change in ownership of King Eagle
(Tianjin) and an identical Business Operation Agreement was entered into on the same date.

Proxy
Agreement

Pursuant
to the terms of the Proxy Agreement dated on May 15, 2021, among King Eagle (