PAYMENT DEFERRAL AGREEMENT
VITASPRING BIOMEDICAL CO. LTD.
PAYMENT DEFERRAL AGREEMENT
This Payment Deferral Agreement ("Agreement") is entered into as of May 18, 2026, by and between:
**BioSpring Medical Co., Ltd. **("BioSpring"), and
**VitaSpring Biomedical Co., Ltd. **("VitaSpring").
1. Outstanding Balance
The parties acknowledge that, as of the date of this Agreement, VitaSpring owes BioSpring approximately USD 2,411,000 arising from prior purchases of products and related business transactions.
2. Payment Deferral
BioSpring agrees that it will not demand immediate repayment of the outstanding balance and agrees to defer collection efforts for a period of twenty-four (24) months from the effective date of this Agreement.
3. Repayment Understanding
The parties understand and agree that VitaSpring intends to begin repayment of the outstanding balance after its business and operating condition improves. The repayment schedule and timing may be mutually discussed and agreed upon by the parties at a later date.
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