SVMB 8-K
Jingbo Technology, Inc. (SVMB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
January 31, 2021
SavMobi Technology, Inc.
(Exact Name of Registrant as Specified in its Charter)
| Nevada | 333-206804 | 47-3240707 | ||
(State of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
Room 502, Unit 1, Building 108, Red Star Sea Phase 3, Dalian Development Zone,
Dalian, Liaoning, China
(Address of principal office)
+86 18904082566
(Registrant’s telephone number, including area code)
N/A
(Former Name or former address if changed from last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 1.01 Entry into a Material Definitive Agreement
On January 31, 2021 and February 1, 2021, SavMobi Technology, Inc. (the “Company”), entered into two technical support service agreements (together, the “Agreements”) with Dalian Yuanmeng Media Co., Ltd. and Guangzhou Yunchuan Information Technology Co., Ltd., respectively (together, the “Clients”). Pursuant to the Agreements, the Company will provide commercial mobile technical support services to the Clients, 24/7 during the term of the Agreements, with a response time of no more than four (4) hours following receipt of a service request. The Company is charging the Clients a monthly fee of $5,000. If the Company cannot provide the above services to the Clients on time, the Company will bear any loss and damages incurred due to the delay. The Clients can request the Company to refund all previous payments and terminate the Agreements, after ten working days of delay. The Agreements are for 1 year. All parties may terminate the respective Agreement with 30 days written notice.
Both of the Agreements were made at arms-length.
Item 5.06 Change in Shell Company Status
Prior to the Agreements, we were a “shell company” (as such term is defined in Rule 12b-2 under the Exchange Act). Following the entry into the Agreements described in Item 1.01 of this report on Form 8-K, the Company is no longer a shell company, as defined in Rule 12b-2 under the Securities Exchange Act of 1934.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
April 9, 2021
| Savmobi Technology, Inc. | ||
| /s/ Ma Hongyu | ||
| By: | Ma Hongyu |
|
| Title: | Chief Executive Officer | |
| 3 |
EXHIBIT 10.1
Technical Support Service Agreement
Party A： Dalian Yuanmeng Media Co., Ltd
Legal representative: Guo Hengchang
Address: 5541, No. 9-1, Haifu Road, Dalian Free Trade Zone, Liaoning Pilot Free Trade Zone
Party B： Savmobi Technology, Inc.
Director：Ma Hongyu
Address：Room 502, Unit 1, Building 108, Red Star Dalian Development Zone Dalian, Liaoning China
Given that Party A is a client of Party B, Party B is a technical consultant and service provider. Based on the principle of equality, mutual benefit and common development, both parties have reached an agreement (hereinafter referred to as the “Agreement”), whereas Party A engages Party B for provision of technical support services to Party A, and shall jointly abide by it.
| Article One | Services |
| 1． | Party B provides Party A with commercial mobile technical support service dedicated to the data platform. |
| 2． | Party B shall provide Party A with technical support services 7×24 hours per week within the period of this agreement. The response time should be within 4 hours after receiving the service request. |
| Article Two | Fee and Payment |
| 1． | Party B will provide the company’s bank account as receiving account for Party A to settle service fee. |
| 2． | Party B’s service fee is USD5,000 per month. Party A shall pay the service fee to the bank account designated by Party B. |
| Article Three | Liability for breach of agreement |
| 1． | Party A is responsible for ensuring that the service fee is settled in full to Party B. If Party A fails to settle the full amount, Party B has the right to charge a daily late fee of 0.5% of the unpaid payment; at the same time, Party B has the right to terminate the technical support service any time. |
| 1 |
| 2． | Party B shall provide technical services on time when Party A has paid the fees in full and on time. If Party B cannot provide the services on time, it shall bear any loss and damages incurred. Party A can request Party B to refund the payment in full and terminate this agreement after 10 working days that Party B cannot provide the services |
| 3． | Party A and Party B shall not disclose the content of the agreement to a third party without the written confirmation of the other party. The breaching party will be responsible for all direct and indirect economic losses arising from the payment of the other party. |
| Article Four | Modification, supplementation, interpretation and dispute resolution of the agreement |
| 1． | Any modification or supplement to this agreement must be agreed by both parties and made in writing, and constitute an effective part of this agreement, and the supplementary agreement has the same legal effect as this agreement. |
| 2． | If there is a dispute over the understanding of any clause of this agreement, the actual meaning of the terms of the agreement should be determined in accordance with the purpose of this agreement, the sentences used, the relevant clauses, trading habits and the principle of good faith. |
| 3． | The parties shall attempt to resolve any dispute arising out of or relating to this agreement through negotiations. If the matter is not resolvable by negotiation, the parties shall attempt to resolve the dispute through the People’s Court, where Party A is located. |
| Article Five | Terms of agreement |
| 1． | This agreement will be effective from the date when the authorized representatives of both parties sign and affix the official seal, and the period of validity is 1 year. |
| 2． | During the validity period of this agreement, if any party needs to terminate the agreement before, one party should give the other party notification at least 30 days in advance. |
| Article Six | Others |
| 1． | Designated Bank information： |
| a) | Bank name：redacted |
| b) | Bank address开户银行地址: redacted |
| c) | Bank SWIFTCODE：redacted |
| d) | Account name：redacted |
| e) | Account number：redacted |
(Signing page follows)
| 2 |
(This is a signing page)
Party A：Dalian Yuanmeng Media Co., Ltd
| Signature： | /s/ Guo Hengchang | |
| Guo Hengchang |
Date： 2021/01/31
Party B： Savmobi Technology, Inc.
| Signature： | /s/ Ma Hongyu | |
| Ma Hongyu |
Date： 2021/01/31
| 3 |
EXHIBIT 10.2
Technical Support Service Agreement
Party A： Guangzhou Yunchuan Information Technology Co., Ltd
Legal representative: Chen Xiaobin
Address: Room 2778, Room 1104, No. 47, Qiaolin Street, Tianhe North Road, Tianhe District, Guangzhou
Party B： Savmobi Technology, Inc.
Director：Ma Hongyu
Address：Room 502, Unit 1, Building 108, Red Star Dalian Development Zone Dalian, Liaoning China
Given that Party A is a client of Party B, Party B is a technical consultant and service provider. Based on the principle of equality, mutual benefit and common development, both parties have reached an agreement (hereinafter referred to as the “Agreement”), whereas Party A engages Party B for provision of technical support services to Party A, and shall jointly abide by it.
| Article One | Services |
| 1． | Party B provides Party A with commercial mobile technical support service dedicated to the data platform. |
| 2． | Party B shall provide Party A with technical support services 7×24 hours per week within the period of this agreement. The response time should be within 4 hours after receiving the service request. |
| Article Two | Fee and Payment |
| 1． | Party B will provide the company’s bank account as receiving account for Party A to settle service fee. |
| 2． | Party B’s service fee is USD5,000 per month. Party A shall pay the service fee to the bank account designated by Party B. |
| Article Three | Liability for breach of agreement |
| 1． | Party A is responsible for ensuring that the service fee is settled in full to Party B. If Party A fails to settle the full amount, Party B has the right to charge a daily late fee of 0.5% of the unpaid payment; at the same time, Party B has the right to terminate the technical support service any time. |
| 2． | Party B shall provide technical services on time when Party A has paid the fees in full and on time. If Party B cannot provide the services on time, it shall bear any loss and damages incurred. Party A can request Party B to refund the payment in full and terminate this agreement after 10 working days that Party B cannot provide the services. |
| 1 |
| 3． | Party A and Party B shall not disclose the content of the agreement to a third party without the written confirmation of the other party. The breaching party will be responsible for all direct and indirect economic losses arising from the payment of the other party. |
| Article Four | Modification, supplementation, interpretation and dispute resolution of the agreement |
| 1． | Any modification or supplement to this agreement must be agreed by both parties and made in writing, and constitute an effective part of this agreement, and the supplementary agreement has the same legal effect as this agreement. |
| 2． | If there is a dispute over the understanding of any clause of this agreement, the actual meaning of the terms of the agreement should be determined in accordance with the purpose of this agreement, the sentences used, the relevant clauses, trading habits and the principle of good faith. |
| 3． | The parties shall attempt to resolve any dispute arising out of or relating to this agreement through negotiations. If the matter is not resolvable by negotiation, the parties shall attempt to resolve the dispute through the People’s Court, where Party A is located. |
| Article Five | Terms of agreement |
| 1． | This agreement will be effective from the date when the authorized representatives of both parties sign and affix the official seal, and the period of validity is 1 year. |
| 2． | During the validity period of this agreement, if any party needs to terminate the agreement before, one party should give the other party notification at least 30 days in advance. |
| Article Six | Others |
| 1． | Designated Bank information： |
| a) | Bank name：redacted |
| b) | Bank address开户银行地址: redacted |
| c) | Bank SWIFTCODE：redacted |
| d) | Account name：redacted |
| e) | Account number：redacted |
(Signing page follows)
| 2 |
(This is a signing page)
Party A：Guangzhou Yunchuan Information Technology Co., Ltd.
| Signature： | /s/ Chen Xiaobin | |
| Chen Xiaobin |
Date： 2021/02/01
Party B： Savmobi Technology, Inc.
| Signature： | /s/ Ma Hongyu | |
| Ma Hongyu |
Date： 2021/02/01
| 3 |