Document:

Exhibit 10.1 

 

GENERAL
SERVICE AGREEMENT

 

THIS
GENERAL SERVICE AGREEMENT (the "Agreement") dated this 1st day of September, 2020

 

BETWEEN:

 

Altair
International Corporation of 6501 E. Greenway Pkwy, #103-412, Scottsdale, AZ 85254 (the "Client")

 

-
AND -

 

Leonard
Lovallo of 32 Chalfonte Ave., Pittsburgh, PA 15229 (the "Contractor").

 

BACKGROUND:

 

		A.	The
                                         Client is of the opinion that the Contractor has the necessary qualifications, experience
                                         and abilities to provide services to the Client.

 

		B.	The
                                         Contractor is agreeable to providing such services to the Client on the terms and conditions
                                         set out in this Agreement.

 

IN
CONSIDERATION OF the matters described above and of the mutual benefits and obligations set forth in this Agreement, the receipt
and sufficiency of which consideration is hereby acknowledged, the Client and the Contractor (individually the "Party"
and collectively the "Parties" to this Agreement) agree as follows:

 

Services
Provided

 

		1.	The
                                         Client hereby agrees to engage the Contractor to provide the Client with services (the
                                         "Services") consisting of:

 

		o	The
                                         typical duties of a CEO including the provision of management and financial services
                                         for the Company. The Contractor, already being a member of the Client’s board,
                                         shall retain his position as a director of the Client.

 

    

     

    

 

		2.	The
                                         Services will also include any other tasks which the Parties may agree on. The Contractor
                                         hereby agrees to provide such Services to the Client.

 

Term
of Agreement

 

		3.	The
                                         term of this Agreement (the "Term") will begin on August 31, 2020 and will
                                         remain in full force and effect until December 31, 2020, subject to earlier termination
                                         as provided in this Agreement. The Term of this Agreement may be extended by mutual written
                                         agreement of the Parties.

 

		4.	In
                                         the event that either Party breaches a material provision under this Agreement, the non-
                                         defaulting Party may terminate this Agreement and require the defaulting Party to indemnify
                                         the non-defaulting Party against all reasonable damages.

 

Performance

 

		5.	The
                                         Parties agree to do everything necessary to ensure that the terms of this Agreement take
                                         effect.

 

Currency

 

		6.	Except
                                         as otherwise provided in this Agreement, all monetary amounts referred to in this Agreement
                                         are in US Dollars.

 

Compensation

 

		7.	For
                                         the services rendered by the Contractor as required by this Agreement, the Client will
                                         provide compensation (the "Compensation") to the Contractor as follows:

 

		o	26,000,000
                                         (Twenty-Six Million) common shares of the Client (the “Shares”) to be issued
                                         at time of signing. The Client’s shares are quoted on the OTC Link exchange and
                                         traded under the symbol ATAO. The Shares are to be considered fully earned and payable
                                         upon execution of this Agreement.

 

		o	$
                                         2,500.00 to be paid monthly, commencing September 1, 2020.

 

    

     

    

 

		8.	The
                                         Compensation as stated in this Agreement does not include sales tax, or other applicable
                                         duties as may be required by law. Any sales tax and duties required by law will be charged
                                         to the Client in addition to the Compensation.

 

Reimbursement
of Expenses

 

		9.	The
                                         Contractor will be reimbursed from time to time for all reasonable and necessary expenses
                                         incurred by the Contractor in connection with providing the Services hereunder.

 

		10.	The
                                         Contractor will furnish vouchers to the Client for all such expenses.

 

Confidentiality

 

		11.	Confidential
                                         information (the "Confidential Information") refers to any data or information
                                         relating to the business of the Client which would reasonably be considered to be proprietary
                                         to the Client including, but not limited to, accounting records, business processes,
                                         and client records and that is not generally known in the industry of the Client and
                                         where the release of that Confidential Information could reasonably be expected to cause
                                         harm to the Client.

 

		12.	The
                                         Contractor agrees that it will not disclose, divulge, reveal, report or use, for any
                                         purpose, any Confidential Information which the Contractor has obtained, except as authorized
                                         by the Client. This obligation will survive the expiration or termination of this Agreement.

 

		13.	All
                                         written and oral information and materials disclosed or provided by the Client to the
                                         Contractor under this Agreement is Confidential Information regardless of whether it
                                         was provided before or after the date of this Agreement or how it was provided to the
                                         Contractor.

 

Return
of Property

 

		14.	Upon
                                         the expiry or termination of this Agreement, the Contractor will return to the Client
                                         any property, documentation, records, or Confidential Information which is the property
                                         of the Client.

 

Capacity/Independent
Contractor

 

		15.	In
                                         providing the Services under this Agreement it is expressly agreed that the Contractor
                                         is acting as an independent contractor and not as an employee. The Contractor and the
                                         Client acknowledge that
this Agreement does not create a partnership or joint venture between them, and is exclusively a contract for service.

 

    

     

    

 

Notice

 

		16.	All
                                         notices, requests, demands or other communications required or permitted by the terms
                                         of this Agreement will be given in writing and delivered to the Parties of this Agreement
                                         as follows:

 

		a.	Altair
                                         International Corporation

 

6501
E. Greenway Pkwy, #103-412, Scottsdale, AZ 85254

 

		b.	Leonard
                                         Lovallo

 

32
Chalfonte Ave., Pittsburgh, PA 15229

 

(email: leonardlovallo@gmail.com)

 

or
to such other address as any Party may from time to time notify the other.

 

Indemnification

 

		17.	Except
                                         to the extent paid in settlement from any applicable insurance policies, and to the extent
                                         permitted by applicable law, each Party agrees to indemnify and hold harmless the other
                                         Party, and its respective directors, stockholders, affiliates, officers, agents, employees,
                                         and permitted successors and assigns against any and all claims, losses, damages, liabilities,
                                         penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or
                                         amount whatsoever, which result from or arise out of any act or omission of the indemnifying
                                         party, its respective directors, stockholders, affiliates, officers, agents, employees,
                                         and permitted successors and assigns that occurs in connection with this Agreement. This
                                         indemnification will survive the termination of this Agreement.

 

Legal
Expenses

 

		19.	In
                                         the event that legal action is brought to enforce or interpret any term of this Agreement,
                                         the prevailing Party will be entitled to recover, in addition to any other damages or
                                         award, all reasonable legal costs and fees associated with the action.

 

    

     

    

 

Modification
of Agreement

 

		20.	Any
                                         amendment or modification of this Agreement or additional obligation assumed by either
                                         Party in connection with this Agreement will only be binding if evidenced in writing
                                         signed by each Party or an authorized representative of each Party.

 

Time
of the Essence

 

		21.	Time
                                         is of the essence in this Agreement. No extension or variation of this Agreement will
                                         operate as a waiver of this provision.

 

Assignment

 

		22.	The
                                         Contractor will not voluntarily, or by operation of law, assign or otherwise transfer
                                         its obligations under this Agreement without the prior written consent of the Client.

 

Entire
Agreement

 

		23.	It
                                         is agreed that there is no representation, warranty, collateral agreement or condition
                                         affecting this Agreement except as expressly provided in this Agreement.

 

Inurement

 

		24.	This
                                         Agreement will endure to the benefit of and be binding on the Parties and their respective
                                         heirs, executors, administrators, successors and permitted assigns.

 

Titles/Headings

 

		25.	Headings
                                         are inserted for the convenience of the Parties only and are not to be considered when
                                         interpreting this Agreement.

 

Gender

 

		26.	Words
                                         in the singular mean and include the plural and vice versa. Words in the masculine mean
                                         and include the feminine and vice versa.

 

    

     

    

 

Governing
Law

 

		27.	It
                                         is the intention of the Parties to this Agreement that this Agreement and the performance
                                         under this Agreement, and all suits and special proceedings under this Agreement, be
                                         construed in accordance with and governed, to the exclusion of the law of any other forum,
                                         by the laws of the State of Nevada, without regard to the jurisdiction in which any action
                                         or special proceeding may be instituted.

 

Severability

 

		28.	In
                                         the event that any of the provisions of this Agreement are held to be invalid or unenforceable
                                         in whole or in part, all other provisions will nevertheless continue to be valid and
                                         enforceable with the invalid or unenforceable parts severed from the remainder of this
                                         Agreement.

 

Waiver

 

		29.	The
                                         waiver by either Party of a breach, default, delay or omission of any of the provisions
                                         of this Agreement by the other Party will not be construed as a waiver of any subsequent
                                         breach of the same or other provisions.

 

IN
WITNESS WHEREOF the Parties have duly affixed their signatures under hand and seal on this 1st day of September 2020.

 

    

     

    

 

	 	Altair International Corp (Client)
	 	 
	 	Per: 
	 	Leonard Lovallo, Director
	 	 
	 	
	 	
        Leonard Lovallo (Contractor)Exhibit 10.1

 

Amendment to the Finance Lease
Agreements

 

Party A (the “Lessor”): Chailease Finance Co., Ltd.

 

Party B (the “Lessee”): Prime World International
Holdings Ltd., Taiwan Branch

 

 

WHEREAS, Party A and Party B entered into two Financial Lease
Agreements (contract number: A1811069AB and A1901033AB, hereafter collectively referred to as the “Original
Agreements”) for the purpose of engaging in a financial lease transaction between both parties. As of today, even though
the Original Agreements remain in effect, Party A agrees with Party B that Party B early pay the outstanding lease payment in connection
with certain equipment listed in the Appendix Leased Equipment (hereinafter referred to as the “Leased Equipment”).
NOW, THEREFORE, both parties agree to amend the Original Agreements as follows:

 

		1.	Party A confirms that it has received 22,311,381 NTD (the “Early Lease Payment”) remitted by Party B on
September 15, 2020, the Early Lease Payment include all outstanding lease payments and any other costs or expenses in connection
with the Leased Equipment.

 

		2.	Transfer the ownership of the Leased Equipment, and the manner of delivery:

 

		(1)	Since Party B has been in possession of the Leased Equipment, both parties agree that the Leased Equipment shall be delivered
with the short hand and be provided “AS IS WHERE IS” according to the provisions of Article 761 of the Civil
Code at the time when Party A receives the Early Lease Payment, whereby the ownership of the Leased Equipment shall be transferred
to Party B simultaneously.

 

		(2)	Party B acknowledges that the Leased Equipment received is free from defect in a right or a thing.

 

		3.	Both parties confirm that the remaining lease payments of the Original Agreements at a total amount of 159,027,448 NTD
after Party A receives the Early Lease Payment under this amendment, the remaining lease payments will be paid off in accordance
with the Appendix Remaining Lease Payment Schedule to this amendment.

 

		4.	Except as expressly modified by the terms of this amendment, all the rights and obligations of both parties shall continue
to subject to the Original Agreements and remain unchanged.

 

		5.	All Appendices, which are an integral part of this amendment, shall have the same effect as the amendment.

 

		6.	This amendment has the same effect as the Original Agreements. In case of any conflict or inconsistency between the Original
Agreements and this amendment, this amendment shall prevail.

 

		7.	Both parties agree that this amendment shall be governed and interpreted in accordance with the law of Taiwan (R.O.C.). Any
disputes arising out of this amendment shall be resolved in the Taiwan Shilin District Court as the court of first instance.

 

		8.	This amendment is made in duplicate, with Party A and Party B holding one respectively.

 

 

	Party A:	Chailease Finance Co., Ltd.
	Representative:	CHEN,FENG-LUNG
	Tax ID number:	05072925
	Address:	8th to 12th Floors, No. 362, Ruiguang Road, Neihu District, Taipei City

 

 

	Party B:	Prime World International Holdings Ltd., Taiwan Branch
	Representative:	LIN,CHIH-HSIANG
	Tax ID number:	28410552
	Address:	No. 18, Gongsi Road, Linkou District, New Taipei City

 

Date: September 15, 2020

 

 

 

    	 	1	 

     

    

 

Appendix - Remaining Lease Payment Schedule

 

	Contract Number: A1811069AB 	 	Contract Number: A1901033AB
	 	 	 
	Rent and Payment  (tax excluded)	 	Rent and Payment (tax excluded)
	September 30,2020	NTD 5,240,178	 	September 21, 2020	NTD 4,918,493
	October 31, 2020	NTD 5,232,606	 	Ocober 21, 2020	NTD 4,899,701
	November 30, 2020	NTD 5,211,784	 	November 21, 2020	NTD 4,893,703
	December 31, 2020	NTD 5,203,266	 	December 21, 2020	NTD 4,875,710
	January 31, 2021	NTD 5,188,595	 	January 21, 2021	NTD 4,868,913
	February 28, 2021	NTD 5,159,729	 	February 21, 2021	NTD 4,856,518
	March 31, 2021	NTD 5,159,255	 	March 21, 2021	NTD 4,830,928
	April 30. 2021	NTD 5,140,799	 	April 21, 2021	NTD 4,831,728
	May 31, 2021	NTD 5,129,914	 	May 21, 2021	NTD 4,815,735
	June 30, 2021	NTD 5,112,405	 	June 21, 2021	NTD 4,806,939
	July 31, 2021	NTD 5,100,573	 	July 21, 2021	NTD 4,791,744
	August 31, 2021	NTD 5,085,904	 	August 21, 2021	NTD 4,782,148
	September 30, 2021	NTD 5,069,814	 	September 21, 2021	NTD 4,769,753
	October 31, 2021	NTD 5,056,563	 	October 21, 2021	NTD 4,755,758
	November 30, 2021	NTD 5,041,404	 	November 21, 2021	NTD 4,744,963
	 	 	 	December 21, 2021	NTD 4,731,768
	 	 	 	January 21, 2022	NTD 4,720,157

 

 

 

    	 	2	 

     

    

 

Appendix - Leased Equipment

 

	Appendix	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Contract
    ID	Asset	Cap.date	Asset
    Description	Acquisition
    Price	Book
    Value	Currency	Asset
    Name	Quantity	Unit	Brand	Model	Cost
    Center	CCenText	Location	Location
    Name	Pers.No.	Name	Note
	A1811069AB	153100004041	2016/10/20	MRSI-DH-3
    Ultra-Precision Assembly Workcell	16,701,619	14,797,546	TWD	Die
    Bonder  Machine	1	Set	MRSI	MRSI-DH-3	201000	Executive-GM
    Office	2006	2F
    Box TOSA	81353	CHU,CHI-AN	Expected
    to resell to AOI CN
	A1811069AB	153100004234	2017/5/31	AD838L-Plus
    High Speed Epoxy Die Bonder	6,785,282	5,371,681	TWD	Die
    Bonder  Machine	1	Set	ASM
    Pacific Technology	AD838L	207108	Production
    II -BOSA	2008	2F
    BOSA	81399	HSU,CHIH-WEI	Expected
    to resell to AOI CN
	A1811069AB	153100003527	2016/1/30	MP1800A
    4T/4R BERT((1ch PG/4ch ED))	7,174,320	5,261,168	TWD	Bit
    Error Rate Analyzer	1	Set	Anritsu	MP1800A	201000	Executive-GM
    Office	3020	3F
    Can type G line	81680	CHEN,CHAO-MING	New
	A1901033AB	153100003862	2016/3/17	ADST
    YS-800 Laser Welding System	3,446,176	2,985,115	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	207105	Production
    II -mini CX	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100004302	2017/6/5	Auto
    W/B Model IConn Plus	3,700,000	2,929,166	TWD	Automatic
    Wire Bonding Machine	1	Set	K&S	IConn
    Plus	206203	Engineering
    II -ED	A030	Modification
    area	81260	WANG,I-CHIA	Expected
    to resell to AOI CN
	A1901033AB	153100003863	2016/3/17	ADST
    YS-800 Laser Welding System	3,209,259	2,822,768	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	207105	Production
    II -mini CX	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100003864	2016/3/17	ADST
    YS-800 Laser Welding System	3,209,259	2,822,768	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	201000	Executive-GM
    Office	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100004393	2017/8/24	ADST
    YS-800 Laser Welding System	3,320,891	2,767,408	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	201000	Executive-GM
    Office	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100004387	2017/7/20	ADST
    YS-800 Laser Welding System	3,316,031	2,671,247	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	207105	Production
    II -mini CX	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100004388	2017/7/20	ADST
    YS-800 Laser Welding System	3,316,031	2,671,247	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	207105	Production
    II -mini CX	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100003987	2016/5/10	100G
    CLR4 ADST RX Auto-alignment system (YS-5221	3,166,746	2,427,838	TWD	100G
    CWDM4 Gen1 Demux Welding Machine	1	Set	ADST	YS-5221	206203	Engineering
    II -ED	A030	Modification
    area	80191	CHANG,HSIN-I	Expected
    to resell to AOI CN
	A1901033AB	153100003850	2016/3/17	ADST
    YS-800 Laser Welding System	2,979,201	2,234,401	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	201000	Executive-GM
    Office	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100003851	2016/3/17	ADST
    YS-800 Laser Welding System	2,979,201	2,234,401	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	201000	Executive-GM
    Office	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100003855	2016/3/17	ADST
    YS-800 Laser Welding System	2,979,201	2,234,401	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	207105	Production
    II -mini CX	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100003856	2016/3/17	ADST
    YS-800 Laser Welding System	2,979,201	2,234,401	TWD	Automatic
    Alignment and Laser Welding Machine	1	Set	ADST	YS-800	207105	Production
    II -mini CX	3004	3F
    miniCX	81257	LIN,CHIH-HUNG	Expected
    to resell to AOI CN
	A1901033AB	153100004420	2017/7/10	ADST
    100G Alignment System YS-5221	2,566,887	2,067,770	TWD	100G
    CWDM4 Gen1 Demux Welding Machine	1	Set	ADST	YS-5221	207108	Production
    II -BOSA	2008	2F
    BOSA	81399	HSU,CHIH-WEI	Expected
    to resell to AOI CN
	A1901033AB	153100004061	2017/1/6	ADST
    YS-5221 ROSA auto alignment system	2,613,220	1,959,915	TWD	100G
    CWDM4 Gen1 Demux Welding Machine	1	Set	ADST	YS-5221	207108	Production
    II -BOSA	2008	2F
    BOSA	80191	CHANG,HSIN-I	Expected
    to resell to AOI CN
	A1901033AB	153100004062	2017/1/6	ADST
    YS-5221 ROSA auto alignment system	2,613,220	1,959,915	TWD	100G
    CWDM4 Gen1 Demux Welding Machine	1	Set	ADST	YS-5221	207108	Production
    II -BOSA	2008	2F
    BOSA	80191	CHANG,HSIN-I	Expected
    to resell to AOI CN
	A1901033AB	153100004421	2017/7/10	ADST
    100G Alignment System YS-5221	2,360,193	1,891,652	TWD	100G
    CWDM4 Gen1 Demux Welding Machine	1	Set	ADST	YS-5221	207108	Production
    II -BOSA	2008	2F
    BOSA	81399	HSU,CHIH-WEI	Expected
    to resell to AOI CN
	A1901033AB	153100003829	2016/3/14	PD
    Alignment System, YS-5221 (for PD only)	2,513,372	1,885,029	TWD	100G
    CWDM4 Gen1 Demux Welding Machine	1	Set	ADST	YS-5221	201000	Executive-GM
    Office	2008	2F
    BOSA	81399	HSU,CHIH-WEI	Expected
    to resell to AOI CN

 

 

    	 	3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]