Exhibit 10.14


 





OFFSHORE SECURITIES PURCHASE AGREEMENT


 


THE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933 AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (OTHER THAN DISTRIBUTORS) UNLESS THE SECURITIES
ARE REGISTERED UNDER THE SECURITIES ACT OF 1933, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933
IS AVAILABLE.


 


This Offshore Securities Purchase Agreement
(this “Agreement”) is made by Grand Perfecta, Inc., a Nevada corporation operating in Japan (the “Company”),
and the purchaser identified on the signature page hereto, including its successors and assigns, (the “Buyer”);
and


 


WHEREAS, this Agreement is executed in reliance
upon the transaction exemption afforded by Regulation S (“Regulation S”) as promulgated by the Securities and Exchange
Commission (“SEC”), under the Securities Act of 1933, as amended, (the “1933 Act”),


 


NOW, THEREFORE, in consideration of the foregoing
recitals and the terms and conditions hereinafter set forth the parties hereto agree as follows:


 


1.       PURCHASE


 


(a)       The
Buyer hereby subscribes for and purchases seven hundred thousand (700,000) shares of the Company’s common stock, par value
$0.001 (hereinafter the “Securities”) for a purchase price of seventy million YEN (¥70,000,000).


 


(b)       Buyer
has made payment of the purchase price of the Securities in the amount indicated above to the account stated below for the benefit
of the Company, the receipt of which is acknowledged by the Company. Upon execution and delivery of this Agreement by the Company
and Buyer, the Buyer shall make payment of the purchase price stated above to the Company by wire or bank transfer to the following
account:


 


Bank Name: The Bank of Tokyo-Mitsubishi UFJ,
Ltd.


Branch Name: Kojimachi Branch


Bank Address: 4-1 Kojimachi, Chiyoda-ku, Tokyo
102-0083 JAPAN


Swift Code: BOTKJPJT

Account No.: 616-452XXXX


Account Name: Link Bit Consulting Co., Ltd.


Account Holder Address: 1-16-1 Kaigan, Minato-ku,
Tokyo 105-0022 JAPAN


Account Type: Ordinary Account


 


Upon execution and delivery of this Agreement by the Company and
Buyer and payment of the purchase price for the Securities by the Buyer, the Company shall promptly cause to be issued to the Buyer
the Securities. Buyer will provide all declarations requested by the Company to effectuate the stock issuance under applicable
US laws.


 


2.       BUYER’S REPRESENTATIONS.
Buyer represents and warrants to the Company as follows:


 


(a)       Buyer
is not a U.S. Person, as defined in Regulation S, and Buyer was not formed for the purpose of investing in the Securities, which
have not been registered under the 1933 Act in reliance upon Regulation S. Buyer is not purchasing the Securities by or for the
benefit of a U.S. Person.


 


 


 






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(b)       At
the time the offer to purchase the Securities was made, Buyer was outside the United States.


 


(c)       No
offer to sell or purchase the Securities was made in the United States.


 


(d)       Buyer
has not engaged in nor will engage in any “Directed Selling Efforts,” i.e., any activity undertaken for the purpose
of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for any of the Securities
being purchased by the Buyer.


 


(e)       Buyer
is purchasing the Securities for its own account and for investment purposes and not with the view towards distribution or for
the account of a U.S. Person.


 


(f)       All
subsequent offers and sales of the Securities shall be made in compliance with Regulation S and/or pursuant to registration of
the Securities under the 1933 Act or pursuant to an exemption from registration under the 1933 Act. Unless registered for sale
under the 1933 Act, the Securities will not be resold to U.S. Persons or within the United States until after the end of a one
year restricted period commencing on the date of closing of the purchase of the Securities and otherwise in compliance with Rule
904 of Regulation S.


 


(g)       The
Securities are being offered and sold to Buyer in reliance on Regulation S and the Company is relying upon the truth and accuracy
of Buyer’s representations and warranties in order to justify such reliance in connection with the sale of the Securities
to Buyer.


 


(h)       Buyer
is sophisticated and capable of evaluating the risks presented by making an investment in the Securities. Buyer has obtained and
reviewed each of the reports filed by the Company with the Securities and Exchange Commission from August 1, 2016, through the
date of this Agreement.


 


(i)       Buyer
has had an opportunity to ask questions of and receive information from the Company and its executive officers and has availed
itself of such opportunity to the fullest extent desired by Buyer.


 


3       COMPANY REPRESENTATIONS.
The Company represents and warrants to Buyer as follows:


 


(a)       The
Company is incorporated in the state of Nevada, United States of America and is in good standing as of the date of this Agreement.


 


(b)       The
Company has not offered the Securities that are the subject of this transaction to any person in the United States, any identifiable
groups of U.S. citizens abroad, or to any U.S. Person, as that term is defined in Regulation S.


 


(c)       At
the time the offer to purchase the Securities was made by Buyer, the Company and/or its agents reasonably believed Buyer was outside
of the United States and was not a U.S. Person.


 


(d)       The
Company and/or its agents reasonably believe that the transaction has not been pre-arranged with a buyer in the United States.


 


(e)       The
Company has not engaged in nor will engage in any “Directed Selling Efforts,” i.e., any activity undertaken for the
purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for any of
the Securities being purchased by the Buyer.


 


(f)       The
Securities when issued and delivered will be duly and validly authorized and issued, fully paid and non-assessable and will not
subject the holders thereof to personal liability by reason of being such holders. The Securities are free and clear of any security
interest, liens, claims, or other encumbrances.


 


 


 




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(g)       The
Agreement has been duly authorized, validly executed and delivered on behalf of the Company and is a valid and binding agreement
in accordance with its terms, subject to general principles of equity and to bankruptcy or other laws affecting the enforcement
of creditors’ rights generally.


 


(h)       The
Company has not, directly or indirectly, solicited offers for or offered or sold the Securities in any manner involving a public
offering with the meaning of Section 4(a)(2) of the Securities Act.


 


4.       EXEMPTION; RELIANCE
ON REPRESENTATION.


 


(a)       Buyer
understands that the offer and sale of the Securities is not being registered under the 1933 Act. The Company is relying on the
rules governing offers and sales made outside the United States pursuant to Regulation S as an exemption from registration for
this transaction between the Company and the Buyer. Buyer agrees that the Securities cannot be sold except in accordance with the
provisions of Regulation S, pursuant to registration under the 1933 Act, or pursuant to an available exemption from registration;
and agrees not to engage in hedging transactions with regard to the Securities unless in compliance with the 1933 Act.


 


(b)       Buyer
agrees that the Securities are “restricted securities” as defined in SEC Rule 144(a)(3). The Company is bound by this
Agreement to refuse to register any transfer of the foregoing not made in accordance with the provisions of Regulation S, pursuant
to registration under the 1933 Act, or pursuant to an available exemption from registration.


 


(c)       All
certificates and instruments shall bear appropriate restrictive legends to the effect that no transfer of the Securities may be
made except in compliance with the provisions of Regulation S. The Company and Buyer agree that the Company’s transfer agent
is hereby directed and authorized to refuse to register any transfer of the Securities that is not made in accordance with the
provisions of Regulation S.


 


5.       GOVERNING LAW.


 


This Agreement shall be governed by and interpreted
in accordance with the laws of the State of Nevada, United States of America. A facsimile transmission of this signed agreement
shall be legal and binding to all parties hereto.


 


6.       MODIFICATION.


 


This Agreement and the exhibits hereto sets
forth the entire understanding of the parties with respect to the subject matter hereof, supersede all existing agreements among
them concerning such subject matter, and may be modified only by a written instrument duly executed by each party with the approval
of their respective boards of directors.


 


7.       NON-ASSIGNABLE.


 


This Agreement is not assignable or transferable
to any other party.


 


IN WITNESS WHEREOF, this Offshore Securities
Purchase Agreement was duly executed on the date first written below.


 


Dated this 31st day of the month of March 2017.


 


Buyer:


 


Heart Corporation


(Print Name of Buyer)


 


 


By:       /s/ Kaori Hanaoka


Name:  Kaori Hanaoka 


Title:   Representative Director


 







 


Accepted this 10th day of the month of April 2017.


 


GRAND PERFECTA, INC.


 


 


By:        /s/ Shuya Watanabe


Name:   Shuya Watanabe 


Title:     Chairman, CEO 







 


 




 


 


 






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