Document:

Unassociated Document

    Exhibit
10.20

    

    Acknowledgment and Amendment
Letter

    

    

    THIS ACKNOWLEDGMENT
AND AMENDMENT LETTER (this
“Letter”), is dated as of May 15, 2010, by and
between China Yongxin Pharmaceuticals Inc., a Delaware corporation (the “Seller”) and PmMaster Beijing Software Co.,
Ltd (the “Purchaser”) (collectively, the “Parties”).  Capitalized terms
used herein and not otherwise defined shall have the meanings assigned to them
in the Stock Purchase Agreement by and between the Seller and Purchaser on March
1, 2010 (the “Agreement”).  Subject
to the modifications and amendments provided herein, all other terms under
the Agreement shall remain in full force and effect.

     

    RECITALS

     

    
      	
                     
      A.

            	
              On
      March 1, 2010, Purchaser purchased from Seller and Seller sold,
      transferred and delivered to Purchaser, all of the equity interests in the
      Subsidiaries (as defined in the Agreement) for a total consideration of
      $20,000 (“Purchase
      Price”).

            

    

     

    
      	
                     
      B.

            	
              For
      the sake of clarity, the Parties wish to amend Section 2.2 of the
      Agreement to clarify that the Purchase Price is paid by the Purchaser in
      exchange of all of the assets and liabilities of the
      Subsidiaries. 

            

    

     

     

    NOW,
THEREFORE, the Parties
hereby acknowledge and agree that Section 2.2 of the Agreement shall be amended
and replaced in its entirety as follows:

     

    “Section 2.2 Purchase
Price.  For the consideration of $20,000 (“Purchase
Price”), the Purchaser
shall purchase all of the assets and assume all of the liabilities of the
Subsidiaries.”

     

    IN WITNESS
WHEREOF, the undersigned
Parties have executed this Letter as of the date first written
above.

     

    
      
        
          	
                  PURCHASER:

                	 	
                  SELLER:

                
	 
      	 	 
      
	
                  PmMaster
      Beijing Software Co., Ltd

                	 	
                  China
      Yongxin Pharmaceuticals Inc.

                
	 
      	 	 
      
	
                  /s/ Chiu Gang

                	 	
                  /s/ Yongixin Liu

                
	
                  Name:
      Chiu
      Gang

                	 	
                  Name:
      Yongxin Liu

                
	
                  Title:
      Chief Executive Officer

                	 	
                  Title:
      Chief Executive OfficerUnassociated Document

    Exhibit
10.21

    

    Amendment to the
Acknowledgment and Amendment Letter

    and the Original
Agreement

    

    

    THIS AMENDMENT
(the “Amendment”) TO THE ACKNOWLEDGMENT AND
AMENDMENT LETTER AND THE ORIGINAL
AGREEMENT (both as defined
below), is dated as of May
19, 2010, by and between China Yongxin
Pharmaceuticals Inc., a Delaware corporation (the “Seller”) and PmMaster Beijing Software Co.,
Ltd (the “Purchaser”) (collectively, the “Parties”).  Capitalized terms
used herein and not otherwise defined shall have the meanings assigned to them
in the Stock Purchase Agreement by and between the Seller and Purchaser on March
1, 2010 (the “Original Agreement”)
and/or in the Acknowledgment and Amendment Letter (as defined
below).  Subject to the modifications and amendments provided
herein, all other terms of the Original Agreement shall remain in full
force and effect.

     

    RECITALS

     

    
      	
                     
      A.

            	
              On
      March 1, 2010, pursuant to the Original Agreement, Purchaser purchased
      from Seller and Seller sold, transferred and delivered to Purchaser, all
      of the equity interests in the Subsidiaries (as defined in the Agreement)
      for a total consideration of $20,000 (“Purchase
      Price”).

            

    

     

    
      	
                     
      B.

            	
              On
      May 15, 2010, the Parties entered into an Acknowledgment and Amendment
      Letter (the “Acknowledgment and
      Amendment Letter”) to amend Section 2.2 of the Original Agreement
      to clarify that the Purchase Price was paid by the Purchaser to purchase
      the Subsidiaries, including all of the assets and liabilities of the
      Subsidiaries. 

            

    

     

    
      	
                     
      C.

            	
              For the sake of further clarity,
      the Parties wish to execute this Amendment to further amend the Original
      Agreement, as amended by the Acknowledgment and Amendment Letter, to
      specify that in exchange for the Purchase Price, Purchaser is: (1)
      purchasing the Shares, (2) purchasing all of the assets of the
      Subsidiaries, and (3) assuming all of the liabilities of the
      Subsidiaries.

            

    

     

    NOW,
THEREFORE, in consideration of the mutual covenants
and agreements contained in this Amendment, the parties, intending to be legally
bound, hereby agree as follows:

     

    1.  The Parties hereby acknowledge and agree
that Section B. of the
Recitals in the Original Agreement shall be amended and replaced in its entirety
as follows:

     

    “B.  In
consideration of the covenants and agreements set forth herein, Seller desires
to sell the Shares and the Subsidiaries’ Assets and Liabilities (as both terms
are defined below) to Purchaser and Purchaser desires to purchase the Shares and
the Subsidiaries’ Assets and Liabilities from Seller on the terms and conditions
set forth in this Agreement (this transaction is hereinafter referred to as the
“Sale”).”

     

    2.  The Parties hereby further
acknowledge and agree that Section 2.1 of the Original Agreement, and
Section 2.2 of the
Original Agreement, as amended in the Acknowledgment and
Amendment Letter, shall
each be amended and replaced in their entirety as
follows:

     

    “Section 2.1  Sale of
Subsidiaries.  Subject to the terms
and conditions of this Agreement, and in consideration of the covenants and
agreements set forth herein (including the waiver set forth in Article 3
hereof), on the Effective Date, Purchaser shall purchase and assume from Seller,
and Seller shall sell, transfer, assign and deliver to Purchaser: (a) all of the assets of the Subsidiaries, including the
Digital Learning Institute software platform, and (b) all of the liabilities of the Subsidiaries in the approximate
amount of $1.9 million (collectively, the “Subsidiaries’
Assets and Liabilities”).  In connection with the
Sale, Seller shall sell, transfer and deliver and Purchaser shall purchase and
acquire the Shares, free and clear of all options, pledges, security
interests, voting trusts or similar arrangements, liens, charges or other
encumbrances or restrictions of any kind whatsoever (collectively, “Encumbrances”).”

     

    “Section 2.2 Purchase
Price.  In consideration for the Subsidiaries’ Assets and
Liabilities and the Shares, Purchaser shall pay by wire transfer to
Seller the sum of $20,000.”

     

    IN WITNESS
WHEREOF, the undersigned
Parties have executed this Amendment as of the date first written
above.

     

    
      
        	
                PURCHASER:

              	 	
                SELLER:

              
	 
      	 	 
      
	
                PmMaster
      Beijing Software Co., Ltd

              	 	
                China
      Yongxin Pharmaceuticals Inc.

              
	 
      	 	 
      
	
                /s/ Chiu Gang

              	 	
                /s/ Yongixin Liu

              
	
                Name:
      Chiu
      Gang

              	 	
                Name:
      Yongxin Liu

              
	
                Title:
      Chief Executive Officer

              	 	
                Title:
      Chief Executive OfficerEXECUTION
COPY

     

    CONSENT
AND AMENDMENT NO. 7

    TO

    SECOND
AMENDED AND RESTATED CREDIT AGREEMENT

     

    This
CONSENT AND AMENDMENT NO. 7 (this “Amendment”) is entered into as of this ____
day of November, 2009 by and among STANDARD MOTOR PRODUCTS, INC., a New York
corporation (“SMP”), STANRIC, INC., a Delaware corporation (“SI”), MARDEVCO
CREDIT CORP., a New York corporation (“MCC”) (SMP, SI and MCC are sometimes
collectively referred to herein as “Borrowers” and individually as a
“Borrower”), SMP MOTOR PRODUCTS, LTD., a corporation amalgamated under the laws
of Canada (“SMP Canada” and together with Borrowers, each a “Credit Party”, and
collectively, “Credit Parties”),  lenders who are party to the Credit
Agreement (“Lenders”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware
corporation, for itself, as Lender, and in its capacity as Agent for Lenders
(“Agent”), BANK OF AMERICA, N.A., for itself, as Lender and as a Co-Syndication
Agent, WACHOVIA BANK, N.A., for itself, as Lender and as a Co-Syndication Agent,
and JP MORGAN CHASE BANK, N. A., for itself, as a Lender and as Documentation
Agent.

     

    WHEREAS,
Credit Parties, Agent and Lenders are parties to a Second Amended and Restated
Credit Agreement dated as of March 20, 2007 (as amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”), pursuant to
which Credit Agreement Agent and Lenders provide Borrowers with certain
financial accommodations.

     

    WHEREAS,
Borrowers have requested that Agent and Requisite Lenders consent to certain
proposed transactions and make certain amendments to the Credit Agreement, and
Agent and Requisite Lenders are willing to do so on the terms and conditions
hereafter set forth.

     

    NOW,
THEREFORE, in consideration of any loan or advance or grant of credit heretofore
or hereafter made to or for the account of Borrowers by Agent and Lenders, and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as
follows:

     

    1.           Definitions.  (a)  All
capitalized terms not otherwise defined herein shall have the meanings given to
them in the Credit Agreement.

     

    (b)           The
following defined terms shall have the respective meanings set forth
below:

     

    “SMP Europe” means
Standard Motor Products Europe Limited.

     

    “SMP Hong Kong” means
Standard Motor Products (Hong Kong), Ltd.

     

    “SMP Intercompany Trading
Accounts” means those certain intercompany trading accounts in the
aggregate amount of £1,300,000, as more thoroughly described on Part 2 of
Schedule 1 to the SMP UK Stock Purchase Agreement.

     

    “SMP UK” means
Standard Motor Products Holdings Limited.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    “SMP UK Purchasers”
means those certain individuals defined collectively as the “Buyers” in the SMP
UK Stock Purchase Agreement.

     

    “SMP UK Sale” means
(i) the capitalization of debt and transfer by SMP to SMP Hong Kong of all of
SMP’s issued and outstanding shares of SMP UK, and (ii) the sale by SMP Hong
Kong to the SMP UK Purchasers of all issued and outstanding shares of SMP UK for
a purchase price of £1 and the payment of the SMP Intercompany Trading Accounts
pursuant to the SMP UK Stock Purchase Agreement and associated promissory note
referenced therein.

     

    “SMP UK Stock Purchase
Agreement” means that certain Share Sale and Purchase Agreement by and
among SMP Hong Kong as seller, SMP UK Purchasers as purchasers, and SMP,
pursuant to which SMP Hong Kong shall sell all of its issued and outstanding
shares of SMP UK to SMP UK Purchasers, which agreement shall in final form
conform in all materials respects to the terms and conditions of the draft
agreement dated November 6, 2009.

     

    2.           Consent.  Subject
to the satisfaction of the conditions precedent set forth in Section 4 below and
notwithstanding anything to the contrary contained in the Credit Agreement,
Agent and Requisite Lenders hereby consent to the SMP UK Sale so long as (a) SMP
shall remit to Agent to prepay the Loans in accordance with the provisions of
Section 1.3(b)(ii) of the Credit Agreement all of its share of the cash proceeds
of the SMP UK Sale when such funds are transferred to the United States,
together with any portion of SMP Hong Kong’s share of the cash proceeds of the
SMP UK Sale which are distributed to SMP when such funds are transferred to the
United States, (b) the SMP Intercompany Trading Accounts shall be evidenced by
that certain promissory note in form and substance reasonably satisfactory to
Agent and payable by SMP UK and SMP Europe to SMP and SMP Hong Kong, and, upon
the consummation of the SMP UK Sale, such promissory note shall be duly pledged,
endorsed and delivered to Agent as collateral security for the Obligations and
shall be subject to a first priority Lien in favor of Agent, for its benefit and
for the ratable benefit of Lenders, (c) SMP shall execute and deliver such
amendments to the applicable Pledge Agreements as are reasonably requested by
Agent to evidence such Lien and (d) SMP and SMP Hong Kong shall have delivered
to Agent for the benefit of Agent and Lenders all stock certificates
representing the voting common shares of SMP UK and its Subsidiaries delivered
and pledged to SMP and SMP Hong Kong upon consummation of the SMP UK Sale, and
Agent shall hold such stock certificates until payment in full of the promissory
note described in subparagraph 2(b) above.

     

    3.           Amendments to Credit
Agreement.  Subject to satisfaction of the conditions precedent
set forth in Section 4 below, the Credit Agreement is hereby amended as
follows:

     

    (a)           Clause
(a) of Annex I (Section 11.10) shall be amended and restated in its entirety as
follows:

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	  	
              “(A) 

            	
              If
      to Agent or GE Capital, at

            

    

    

    General
Electric Capital Corporation

    10
Riverview Drive

    Danbury,
Connecticut 06810

    
      	  	
              Attention: 

            	
              Account
      Manager - Standard Motor Products,
Inc.

            

    

    
      	  	
              Facsimile: 

            	
              (203)
      956-4240

            

    

    
      	  	
              Telephone: 

            	
              (203)
      956-4115

            

    

    

    with
copies to:

    

    Hahn
& Hessen LLP

    488
Madison Avenue

    New York,
New York 10022

    
      	  	
              Attention: 

            	
              Steven
      J.  Seif, Esq.

            

    

    
      	  	
              Facsimile: 

            	
              (212)
      478-7400

            

    

    
      	  	
              Telephone: 

            	
              (212)
      478-7200

            

    

    

    and

    

    General
Electric Capital Corporation

    201
Merrit Seven

    Norwalk,
Connecticut 06856

    
      	  	
              Attention: 

            	
              Corporate
      Counsel - Commercial Finance

            

    

    
      	  	
              Facsimile: 

            	
              (203)
      956-4001

            

    

    
      	  	
              Telephone: 

            	
              (203)
      956-4370”

            

    

    

    4.           Conditions of
Effectiveness.  This Amendment shall become effective as of the
date upon which Agent shall have received four (4) copies of this Amendment
executed by Credit Parties and Requisite Lenders and such other certificates,
instruments, documents, agreements and opinions of counsel as may be required by
Agent or its counsel, each of which shall be in form and substance satisfactory
to Agent and its counsel.

     

    5.           Representations and
Warranties.  Borrowers hereby represent and warrant as
follows:

     

    (a)           This
Amendment and the Credit Agreement, as amended hereby, constitute legal, valid
and binding obligations of Borrowers and are enforceable against Borrowers in
accordance with their respective terms.

     

    (b)           Upon
the effectiveness of this Amendment, each Borrower hereby reaffirms all
covenants, representations and warranties made in the Credit Agreement as
amended hereby and agree that all such covenants, representations and warranties
shall be deemed to have been remade as of the effective date of this
Amendment.

     

    (c)           No
Event of Default or Default has occurred and is continuing or would exist after
giving effect to this Amendment.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (d)           Borrowers
have no defense, counterclaim or offset with respect to the Credit
Agreement.

     

    6.           No
Waiver.  Except as set forth in Section 2 hereof, the
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of Agent or any Lender, nor constitute a
waiver of any provision of the Credit Agreement, or any other documents,
instruments or agreements executed and/or delivered under or in connection
therewith.

     

    7.           Effect on the Credit
Agreement.  All references in the Credit Agreement and the
other Loan Documents to the Credit Agreement shall be deemed to refer to the
Credit Agreement as amended hereby.

     

    8.           Governing
Law.  THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK (WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAW RULES).

     

    9.           Headings.  Section
headings in this Amendment are included herein for convenience of reference only
and shall not constitute a part of this Amendment for any other
purpose.

     

    10.         Counterparts;
Facsimile.  This Amendment may be executed in any number of
several counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.  Any signature
delivered by a party by pdf or facsimile transmission shall be deemed to be an
original signature hereto.

     

    [remainder
of page intentionally left blank]

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be
executed and delivered by its duly authorized officer as of the date first set
forth above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 
      	
                                              STANDARD
      MOTOR PRODUCTS, INC.

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              MARDEVCO
      CREDIT CORP.

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              STANRIC,
      INC.

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              SMP
      MOTOR PRODUCTS, LTD.

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	  
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              GENERAL
      ELECTRIC CAPITAL

                                            
	 
      	
                                              CORPORATION,

                                            
	 
      	
                                              as
      Agent and Lender

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    (Signatures
continued on next page)

     

    Signature
page to Consent and Amendment No. 7 to Second Amended and Restated Credit
Agreement - 1764804

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 
      	
                                              BANK
      OF AMERICA, N.A.,

                                            
	 
      	
                                              as
      Co-Syndication Agent and Lender

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              WACHOVIA
      BANK, NATIONAL

                                              ASSOCIATION,
      as Co-Syndication

                                            
	 
      	
                                              Agent
      and a Lender

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              JPMORGAN
      CHASE BANK, N.A.,

                                            
	 
      	
                                              as
      Documentation Agent and a Lender

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              HSBC BANK USA, NATIONAL ASSOCIATION,

                                            
	 
      	
                                              as
      Lender

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	 
      
	 
      	 
      
	 
      	
                                              WELLS
      FARGO FOOTHILL, LLC

                                            
	 
      	
                                              as
      Lender

                                            
	 
      	 
      
	 
      	
                                              By:

                                            	 
      
	 
      	
                                              Name:

                                            	 
      
	 
      	
                                              Title:

                                            	  
      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    (Signatures
continued on next page)

     

    Signature
page to Consent and Amendment No. 7 to Second Amended and Restated Credit
Agreement - 1764804

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              	 
      	
                      GE
      BUSINESS FINANCIAL SERVICES INC.,

                    
	 
      	
                      as
      Lender

                    
	 
      	 
      
	 
      	
                      By:

                    	 
      
	 
      	
                      Name:

                    	 
      
	 
      	
                      Title:

                    	 
      

            

          

        

      

    

    

    Signature
page to Consent and Amendment No. 7 to Second Amended and Restated Credit
Agreement - 1764804

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