Exhibit 10.1

 

 

Agreement To Further Extend The Closing of The Share Exchange Agreement

 

 

Pursuant to the Share Exchange Agreement dated August 28, 2014 (referred to as
the “Agreement”) entered into BETWEEN:

 

GOLD UNION, INC., a Delaware corporation having its principal office at Shop
35A, Ground Floor, Hop Yick Commercial Centre Phase 1, 33 Hop Choi Street, Yuen
Long, NT, Hong Kong, China (referred to as “the Company”) and G.U. INTERNATIONAL
LIMITED (Company Number: 150871), a wholly owned subsidiary of the Company,
incorporated in the Republic of Seychelles under the International Business
Company Acts 1996 of the Republic of Seychelles, having its registered address
at Second Floor, Capital City, Independence Avenue, P.O. Box 1008, Victoria,
Mahe, Republic of Seychelles (referred to as “GUI”);

 

AND

 

KAO WEI-CHEN (aka KAO HSUAN-YING), holding Taiwan Citizen Identity (No. P
201459182), a citizen of Taiwan (Republic of China) having an address at L8-09
Wisma BU 8, No. 11 Lebuh Bandar Utama, Bandar Utama PJU 6, 47600 Petaling Jaya,
Selangor, Malaysia (referred to as “Kao”), the parties agreed and accepted the
terms and conditions set forth therein for the Company to acquire through GUI
from Kao and certain individuals and corporations (referred to as the “PPGCT
Investors”) Four Hundred and Eighty (480) shares of the common stock of PHNOM
PENH GOLDEN CORRIDOR TRADING CO. LTD., (Commercial Registration ID No.: Co.
1800KH/2013), a private limited company incorporated under the laws of the
Kingdom of Cambodia having its head office at No.56AB Third Floor, Street 432,
Sangkat Tuol Tompoung 1, Khan Chamkar Mon, Phnom Penh, Kingdom of Cambodia, and
an address at No. 1EO, Street 211/138, Sangkat Veal Vong, Khan 7 Makara, Phnom
Penh, Kingdom of Cambodia (referred to as “PPGCT Common Stock”), representing
48% of the total issued and outstanding shares of the PPGCT Common Stock
(hereinafter referred to as the “Sale Shares”) for a total consideration of
United States Dollars Five Million (USD 5,000,000) only (hereinafter referred to
as the “Consideration”) to be satisfied by the issuance by the Company of
2,500,000,000 shares of the Company’s common stock in aggregate, valuing the
shares of the Company’s common stock at USD 0.002 per share, to Kao and the
PPGCT Investors (referred to as the “Exchange”).

 

Due to certain unforeseen circumstances, the parties had on October 30, 2014
agreed to extend the closing of the transactions contemplated in the Agreement
(referred to as the “Closing”) to on or before December 30, 2014 from October
30, 2014, the initial target date as set forth in Section 2.2 of Article II of
the Agreement.

 

Kao and PPGCT Investors had on December 30, 2014 requested for a further
extension of the Closing to on or before February 28, 2015 in order to provide
the audited financial statements of Phnom Penh Golden Corridor Trading Co. Ltd.
as at December 31, 2013 as requested for by the Company and GUI. By signing of
this agreement by the parties below, the parties hereby agree to further extend
the Closing to on or before February 28, 2015 or such other date as may be
agreed to by the parties.

 

 

 

 

Kao and PPGCT Investors had on February 16 2015 provided the Company and GUI the
audited financial statements of Phnom Penh Golden Corridor Trading Co. Ltd. as
at December 31, 2013 and December 31, 2014, respectively. However, the Company
and GUI had taken longer than expected to make arrangements to carry out the due
diligence on Phnom Penh Golden Corridor Trading Co. Ltd. and had requested Kao
and PPGCT Investors for a further extension of the Closing to on or before May
31, 2015. Due to further delay in carrying the due diligence by the Company and
GUI, the Company and GUI had requested Kao and PPGCT Investors for a further
extension of the Closing on or before August 31, 2015. By signing of this
agreement by the parties below, the parties hereby agree to further extend the
Closing to on or before August 31, 2015 or such other date as may be agreed to
by the parties.

 

 

Agreed to on June 1, 2015 by:

 

GOLD UNION, INC. (“The Company”)

 

 

By: /s/ Supachai Sae-Chua

Supachai Sae-Chua

Chief Executive Officer,

Chief Financial Officer and Director

 

G.U. INTERNATIONAL LIMITED (“GUI”) Witnessed By:

 

 

By: /s/ Supachai Sae-Chua

Supachai Sae-Chua

Director

 

KAO WEI-CHEN (aka KAO HSUAN-YING)

(“Kao”)

 

 

By: /s/ Kao Wei-Chen

Kao Wei-Chen (aka Kao Hsuan-Ying)

Identity No.: P 201459182

(Taiwan)