Document:

Exhibit 10.6

 

SEPARATION AGREEMENT AND GENERAL
RELEASE

 

This Separation Agreement and General Release
(“Agreement”), is made and entered into this 19th day of October, 2015, by and between Philip Blazek (“Executive”)
and the Special Diversified Opportunities, Inc. (“the Company”).

 

WHEREAS, Executive was employed by the Company
as President;

 

WHEREAS, Executive and the Company mutually
desire to end Executive’s employment on an amicable basis; and

 

WHEREAS, in connection with the separation
of Executive’s employment, the parties have agreed to resolve any and all disputes between them;

 

NOW, THEREFORE, IT IS HEREBY AGREED by and
between Executive and the Company as follows:

 

1.            Separation
Date. Executive’s employment with the Company will end effective October 19, 2015 (the “Separation Date”).
The Company agrees to provide to Executive: (i) payment of his accrued base salary earned through the Separation Date; (ii) payment
for any accrued but unused vacation days through the Separation Date; and (iii) reimbursement for any business expenses Executive
incurred on behalf of the Company through the Separation Date. Executive further acknowledges that under no circumstances shall
Executive sign this Agreement prior to the Separation Date

 

2.            Release
by Executive. In exchange for the consideration described herein, which Executive acknowledges is adequate consideration
for Executive’s commitments in this Agreement, Executive on behalf of Executive’s heirs, executors, representatives,
agents, successors and assigns (collectively, “Releasors”), hereby releases and absolutely and forever discharges the
Company, its past, present and future owners, officers, directors, Board of Directors, employees, agents, attorneys, subsidiaries,
successors and assigns (collectively, “Releasees”), from any and all legally waivable suits, demands, damages, causes
of action, charges, and any and all claims in law or in equity, whether now known or unknown, which Releasors may have, have ever
had or may in the future have against Releasees arising out of or in any way related to Executive’s employment with the Company
or the separation of Executive’s employment with the Company, including, but not limited to, all claims under Title VII of
the Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq., the Americans With Disabilities Act of 1990, 42 U.S.C. §
12101 et seq., the Age Discrimination in Employment Act (“ADEA”), 29 U.S.C. § 621 et seq.,
the Genetic Information Nondiscrimination Act of 2008, 42 U.S.C. § 2000 et seq., the Family and Medical Leave Act,
29 U.S.C. § 2601 et seq., the Worker Adjustment and Retraining Notification Act (“WARN”), 29 U.S.C. §
2101 et seq., the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and the Employee Retirement Income Security
Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq.,
all as amended; all claims arising out of applicable state and/or local law, regulation or ordinance; all common law claims
including, but not limited to, actions in defamation, intentional infliction of emotional distress, misrepresentation, fraud, wrongful
discharge, and breach of contract; any claim or damage arising out of Executive’s employment with and/or separation from
the Company (including a claim for retaliation) under any common law theory or any federal, state or local statute or ordinance
not expressly referenced above; and any claims for monetary damages, counsel fees and costs, and any other form of personal relief.

 

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Notwithstanding the generality of any part
of this paragraph 2, nothing herein constitutes a release or waiver by Executive of claims Executive may have for (i) unemployment,
state disability and/or paid family leave insurance benefits pursuant to the terms of applicable state law (to the extent available
to you under applicable law); (ii) workers’ compensation insurance or a comparable and applicable state law, under the terms
of any worker’s compensation insurance policy or fund of the Company; (iii) any vested benefits under the written terms of
a qualified employee pension benefit plan; (iv) continued participation in certain of the Company’s group health benefit
plans pursuant to the terms and conditions of the federal law known as the Consolidated Omnibus Budget Reconciliation Act (“COBRA”),
if applicable, and/or any applicable state law counterpart to COBRA; (v) any claim or right that may arise after the execution
of this Agreement; (vi) any claims that are not legally waivable as a matter of law; or (vii) any claim or right Executive may
have under this Agreement.

 

3.            Release
by the Company. The Company hereby waives and releases any and all claims, whether or unknown to the Company, which the
Company may have, have ever had or may in the future have against Executive related to his employment with the Company arising
up until the Effective Date of this Agreement, but excluding any claim or right the Company may have under this Agreement.

 

4.            Government
Agency Claims Exception. Nothing in this Agreement, including paragraph 2 above and paragraph 6 below, prevents or prohibits
Executive from: (i) filing a claim with a federal, state or local government agency that is responsible for enforcing a law; (ii)
making any disclosure of relevant and necessary information or documents in any action, investigation or proceeding relating to
this Agreement or as required by law or legal process; or (iii) cooperating, participating, testifying or assisting in any government
or regulatory entity investigation or proceeding, including, but not limited to, the Equal Employment Opportunity Commission, a
comparable state or local agency, or the SEC; provided, that if any proceeding by any governmental agency is brought on behalf
of Executive, or in connection with the claims released herein, to the maximum extent permitted by law, Executive will forego and
disclaim any right to monetary relief in any such matter.

 

5.            Consideration.
In consideration of Executive’s execution of this Agreement and Executive’s agreement to be legally bound by its
terms, and provided that the Agreement becomes effective and enforceable, as stated below, the Company agrees:

 

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A.           to
provide Executive with severance pay in the amount of $206,250.00, less applicable taxes and withholdings, which the Company shall
pay in a lump sum payment within thirty (30) days after the Effective Date of the Agreement.

 

B.           to
make its usual contributions to Executive’s health and/or dental insurance premiums for a period of nine (9) months provided
that Executive timely elects to continue group health and dental coverage pursuant to COBRA. Such amounts shall commence within
thirty (30) days following the Effective Date. The first payment shall include any reimbursements for the period from the Effective
Date to the commencement date. The payments will end if Executive becomes eligible for group health and/or dental insurance from
another employer or source.

 

C.           that,
should the Company, on or before the second anniversary of the date hereof, consummate a “Qualifying Transaction” with
any of the entities identified on Exhibit A hereto, Mr. Blazek shall receive a cash payment of $275,000, less applicable
withholding if any. A “Qualifying Transaction” shall mean a transaction that would have resulted in the vesting of
the currently unvested options to purchase the Company’s common stock held by Executive on the date of this Agreement, which
shall terminate as of the effectiveness of this Agreement.

 

In connection with these payments, the Company
shall withhold and remit to the tax authorities the amounts required under applicable law, and Executive agrees that Executive
shall be responsible for all applicable taxes with respect to such payments under applicable law. Executive specifically acknowledges
that Executive is not relying upon the advice or representation of the Company with respect to the tax treatment of any of the
payments made pursuant to this Agreement.

 

6.            Confidentiality
and No Adverse Comments. Executive acknowledges and reaffirms Executive’s obligation to keep confidential all non-public
information concerning the Company that Executive acquired during the course of Executive’s employment with the Company.
Further, Executive agrees that Executive will not make any statements which derogate or disparage the Company or any Releasee,
or their services, reputation, officers, members, employees, or operations.

 

7.            Return
of Property. Executive confirms that by the Separation Date, Executive will have returned to the Company in good working
order all keys, files, records (and copies thereof), equipment (including, but not limited to, computer hardware, software and
printers, wireless handheld devices, cellular phones and pagers), access or credit cards, and any other property in Executive’s
possession or control belonging to the Company and Executive further confirms that Executive has left intact all electronic Company
documents, including, but not limited to, those that Executive developed or helped to develop during Executive’s employment.

 

8.            Acknowledgments.
Executive acknowledges and agrees that:

 

A.           The
payments described herein constitute the sole and total amount due and owing to Executive from the Company and no sums are due
to Executive from the Company or Releasees other than those specifically set forth in this Agreement. Except as described in this
Agreement, the Executive will not receive any benefits from the Company after the Separation Date;

 

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B.           This
Agreement between Executive and the Company is written in a manner that Executive understands. The Company is giving Executive
things of value that Executive would not otherwise be entitled to receive;

 

C.           Executive
is advised by the Company to consult with an attorney about this Agreement, and Executive acknowledges that Executive has been
given the opportunity to consult with counsel of Executive’s own choosing;

 

D.           Executive
has been given a reasonable period of time of twenty-one (21) calendar days from Executive’s receipt of this Agreement to
consider this Agreement before signing it and acknowledges that this Agreement will expire if it is not signed by Executive within
this twenty-one (21) day period;

 

E.           Executive
has been given a period of seven (7) calendar days after the date Executive signed this Agreement to revoke Executive’s signature
by giving written notice of Executive’s revocation as provided in paragraph 10 below during the seven (7) day revocation
period. Accordingly, this Agreement will not become effective and enforceable until eight (8) calendar days after Executive’s
execution, assuming it has not been timely revoked by Executive (the “Effective Date”). If this Agreement is timely
revoked by Executive, then the Company shall have no obligations under this Agreement, including the payments in paragraph 5;

 

F.           Executive
has read this Agreement carefully and understands it terms; and

 

G.           Executive
has signed this Agreement knowingly and voluntarily.

 

9.            Section
409A. Payments under this Agreement are intended to be exempt from Section 409A of the Internal Revenue Code under the
“separation pay” exemption set forth in the regulations under Section 409A. For purposes of Section 409A, each payment
under this Agreement shall be treated as a separate payment. In no event shall the timing of Executive’s execution of this
Agreement, directly or indirectly, result in Executive designating the calendar year of payment.

 

10.          Return
of Agreement/Notice of Revocation. The return of this Agreement and/or any revocation of the Agreement by Executive, should
be made to Kevin J. Bratton, the Company’s Chief Financial Officer.

 

11.          No
Admission. Nothing about the fact or content of this Agreement shall be considered to be or treated as an admission of
any wrongdoing, liability or violation of law by any Releasee.

 

12.          Changes
to Agreement. No changes to this Agreement can be effective except by another written agreement signed by Executive and
an authorized officer of the Company.

 

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13.         Complete
Agreement. As of the date
Executive signs this Agreement, this Agreement cancels, supersedes and replaces any and all prior agreements (written, oral or
implied-in-fact or in-law) between Executive and the Company regarding all of the subjects covered by this Agreement. This Agreement
is the full, complete and exclusive agreement between Executive and the Company regarding all of the subjects covered by this Agreement,
and neither Executive nor the Company is relying on any representation or promise that is not expressly stated in this Agreement.

 

14.         Choice
of Law. The parties further agree that any dispute arising under this Agreement, or related in any way to the term of same,
shall be governed by the laws of the State of Delaware, without regard to choice of law principles.

 

15.         Execution.
This Agreement may be executed in counterparts, all of which taken together shall constitute an instrument enforceable and binding
upon the undersigned parties.

 

	 	Special Diversified Opportunities, Inc.
	 	 	 
	Dated: Oct 20, 2015	By:	/s/Kevin J Bratton
	 	 	Kevin J. Bratton, Chief Financial Officer
	 	 	 
	Dated:  Oct 19, 2015	/s/Philip Blazek
	 	Philip Blazek

 

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EXHIBIT A

 

DESIGNATED ENTITIES

 

[The information set forth in this exhibit is confidential,
and has been omitted and separately filed with the Securities and Exchange Commission.]

 

    	 	6Exhibit 10.1

 

Licensing Agreement

 

 

THIS AGREEMENT is signed on the 26th
day of February , 2016

 

BETWEEN:

 

OGL HOLDINGS LTD. ("OGL") is a public
reporting company incorporated under the law of Delaware , USA and having its US office at 215 Apolena Avenue, Newport Beach,
California 92662

 

AND

 

Jiangsu O.G.L. Ecological Agriculture Science
and Technology Co., Ltd. (“Jiangsu OGL “) a company formed under the laws of China and having its head office located
at Shan Shui Commercial Building 24 Floor, Xuyi County, Jiangsu Province Huai River Town 57, China

 

 

RECITALS

 

WHEREAS OGL is looking to build an Organic Exhibition
Garden and a Eco-Agricultural Tourism Theme Park in China . They are going to bring in the Technology from Agri-Food
& Veterinary Authority of Singapore ( AVA) to build High-Tech Smart Greenhouses for organic plant cultivation ; and

 

WHEREAS Jiangsu OGL has the business license
to operate farming , buy and sell agriculture produce , food processing , permits to build resort units in tourism theme park ;
and

 

WHEREAS Jiangsu OGL has a leasing agreement
for 7020 Acres of Farmland with Jiangsu Provincial Government for 50 years with the annual leasing cost of $800 RMB per acres =
$800 RMBx 7020 acres = $ 5,616,000 RMB ( or $860,000 USD) ; and

 

WHEREAS Jiangsu OGL has a 49,136 sq meters Organic
Exhibition Garden and is open to the public for an entrance fee of approximately USD$8 where visitors can view and experience the
greenhouses, plants and purchase fresh produce

 

NOW THEREFORE, in consideration of the mutual
covenants and future development in the Agriculture Industry . Both Parties agree to cooperate on the following terms and conditions
:

 

		1.	OGL has an exclusive right to use Jiangsu OGL’s business license to operate and develop
the agriculture business in Jiangsu, China upon signing this agreement .

 

		2.	OGL has exclusive rights to build and develop a 3000 Acre Eco-Agricultural Tourism Theme Park
on the 7023 Acres of Farmland

 

		3.	OGL will pay $100,000 licensing fees to Jiangsu OGL
for the Organic Exhibition Garden annually. The revenue will start by April 1st , 2016. The first licensing fee will be due by
March 31, 2017.

 

     

     

    

 

 

		4.	OGL
will pay an aggregate value of $6,499,000 to the following parties : 1. Jiangsu OGL’s major partner (OGL Group Pte
Ltd ) $1,000,000 in cash by Sept 30, 2016 and 2. issue
1.222,000 shares ( calculated at $4.50 per share )of the Company’s common stock to 38 Jiangsu OGL existing shareholders
..

 

The following is the list of the 38 new shareholders
to receive 1,222,000 common stock from OGL Holdings Ltd.

 

	PAN LING ER	1000
	MENG QIONG	10000
	TANG JI LIANG	20000
	CHENG MIN QIANG	10000
	ZHU XU	5000
	ZHANG XIA	5000
	ZNEG XIU ZHU	10000
	DENG LI NA	1000
	LI YAN ZHEN	30000
	QI XIAN CHEN	4000
	SI NA	20000
	HU JIN	3000
	RUI HONG QUAN	10000
	PENG XING	5000
	LIM ING HUEY	300000
	CHENG JIE	60000
	KELVIN LIM CHING SONG	50000
	LIN FU IC 	5000
	LOW SOW KUAN	55000
	NG CHONG BIN 	5000
	OHG GWEK NEOH	100000
	YEO LAY YAN	50000
	ANG TUAN CHAI	50000
	LUO YUN	5000
	NG LOO HOE	50000
	PU MUI PANG	50000
	TOH ENG WAH	50000
	CHENG CHUAN	210000
	HUANG HAI TAO	10000
	SIEW BENG YIU	20000
	TIAN QING	5000
	WANG JUN LI	5000
	YU KAI JIE	1000
	ZHU TAO	1000
	GUO QING ZONG	1000
	ZHONG XIU JUAN	1000
	LIANG ZHI YUN	2000
	LIN LI	2000

  

     

     

    

 

In Witness Whereof, this Cooperative Agreement is
duly executed by the duly authorized representatives of the parties as set forth below.

 

   Mr. Lim Kun Lim

 

Chairman , OGL Holdings Ltd.

 

 

 

Ms. Tian Chunzhi

 

CEO, Jiangsu O.G.L. Ecological Agriculture Science
and Technology Co., Ltd..

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