EX-4.103 36 f20f2021ex4-103_brightsch.htm ENGLISH TRANSLATION OF RIGHTS AND OBLIGATIONS ASSUMPTION LETTER EXECUTED BY XIANNING BRIGHT SCHOLAR COUNTRY GARDEN BILINGUAL SCHOOL DATED JUNE 8, 2021

Exhibit 4.103

 

Rights and Obligations Assumption Letter

 

This entity, Xianning Bright Scholar Country Garden Bilingual School, is the subsidiary established by BGY Education Investment Management Co., Ltd. (“Investor”) and registered in Xianning at Xian’an District branch office of the Civil Affairs Bureau on March 30, 2021. The Investor holds 100% of the interests in this entity.

 

In accordance with the Exclusive Management Service and Business Cooperation Agreement (“Agreement”) entered into by and between the Investor, Zhuhai Hengqin Bright Scholar Management Consulting Co., Ltd. and other relevant parties on January 25, 2017, this entity shall join the Agreement according to Article 10.1 of the Agreement as a “New Subsidiary of Party B” under the Agreement.

 

This entity hereby agrees to join the Agreement as a “New Subsidiary of Party B” of the Investor, enjoy the rights under the Agreement, and perform the obligations according to the Agreement. This Assumption Letter came into effect upon the date of execution.

 

Xianning Bright Scholar Country Garden Bilingual School

(Seal) Xianning Bright Scholar Country Garden Bilingual School Affixed

 

By: /s/ Tao Han  
Name: Tao Han  
Title: Legal Representative  
Date: June 8, 2021