Document:

Exhibit

Exhibit 10(af)

Comtech Telecommunications Corp.
68 South Service Road
Melville, Long Island, NY 11747
 
July 23, 2015

Mr. Robert McCollum
3309 N Morino
Chandler, AZ 85224

Dear Robert:

This letter agreement (this “Agreement”) confirms and sets forth the terms of your change of employment position with Comtech Telecommunications Corp. (the “Company”) from Senior Vice President, President of Comtech EF Data Corp. to Senior Advisor from August 2, 2015, (the “Termination Date”) through January 31, 2016 (the “Consulting Period”). 
a)Termination Type. On the Termination Date, you will no longer be an employee of the Company and the termination of your employment on the Termination Date shall be a voluntary termination. You will automatically, and without any other action, resign from any position you then hold as a director, officer, or employee of the Company, its subsidiaries or its affiliates.  You hereby agree to execute any documents reasonably requested by the Company to further evidence such resignation. You hereby acknowledge and agree that the termination of your employment on the Termination Date pursuant to and in accordance with this Agreement will be a termination that is mutually agreed to by you and the Company and for purposes of the 2000 Stock Incentive Plan (the “Equity Plan”), a voluntary termination and a retirement.  Accordingly, except as otherwise provided herein, you will not be entitled to receive any severance payments or benefits in connection with the termination of your employment on the Termination Date, other than payment of any accrued and unpaid base salary within 30 days of the date of termination and unreimbursed business-related expenses, in accordance with Company policy within 30 days of the date of termination (the “Accrued Rights”).
Consulting Period. During the Consulting Period, you will be a Senior Advisor, reporting to, and subject to the direction of, the Chief Executive of the Company (CEO). You will make yourself available to the CEO and other members of senior management of the Company, its subsidiaries or its affiliates in order to facilitate the transition of your duties to other members of management and to ensure appropriate transmission of institutional knowledge within the Company, its subsidiaries or its affiliates (the “Services”).  The Services will be performed as and when requested by the Company, by phone or by in-person attendance at meetings, subject to the Company providing you reasonable prior notice of any request for in-person attendance at a meeting and making reasonable scheduling accommodations to any of your previously scheduled commitments.  For each day

you provide Services, the Company shall pay you a consulting fee of $1600.00, based on your weekly invoice for Services. In addition, upon presentation of appropriate documentation, the Company shall reimburse you, in accordance with the Company’s travel and expense reimbursement policy, for all reasonable business expenses incurred in connection with your performance of the Services. Unless otherwise notified, you may continue to use your previously issued Company computer equipment to perform such Services. At the end of the Consulting Period, you may purchase your company issued cell phone and tablet computer at fair market value, or return them to the company, at your option. All Comtech company proprietary information shall be removed from said devices by company IT personnel prior to their purchase.
b)Equity Plan. Your unvested equity awards under the Equity Plan will continue to vest through the Termination Date in accordance with the terms of the Equity Plan and any applicable award agreements. In accordance with our Equity Plan, your termination will be deemed to be a retirement. .
c)Independent Contractor. At all times during the Consulting Period, your status shall be that of an independent contractor, and you will not act as a representative for or on behalf of the Company for any purpose or transaction, and may not bind or otherwise obligate the Company in any manner whatsoever without obtaining the prior written approval of the Company therefor.  All consulting fees paid to you shall represent fees for services as an independent contractor, and shall therefore be paid without any deductions or withholdings taken therefrom for taxes or for any other purpose.  The determination of any tax liability or other consequences of any payment made pursuant to the terms of this Agreement will be your sole responsibility and you will pay all taxes, if any, assessed on such payments under the applicable laws of any Federal, state, local or other jurisdiction.  Except as described herein, during the Consulting Period, you will not be eligible to participate in any of the employee benefit plans or arrangements of the Company.
d)COBRA. You hereby further acknowledge and agree that, except as otherwise provided in this Agreement, the Termination Date is the date of termination of your employment with the Company for purposes of participation in and coverage under the employee benefit plans and programs maintained by the Company, and that as of the Termination Date you will only be entitled to receive from the Company (i) the Accrued Rights and (ii) other rights or benefits specifically provided under the terms of this Agreement. As required by law or regulation, you will be eligible to participate in the Company’s medical, dental and vision plans through COBRA after you are no longer employed by the Company.

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e)Miscellaneous.  This Agreement contains the entire agreement of the parties relating to the subject matter hereof, and supersedes in their entirety any and all prior agreements, understandings or representations relating to the subject matter hereof, except as expressly set forth herein.  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same Agreement.  No modifications of this Agreement will be valid unless made in writing and signed by the parties hereto.  This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York.
Please confirm your agreement with the foregoing by signing and returning a copy of this Agreement to the undersigned.
                            Very truly yours,
                                                  COMTECH TELECOMMUNICATIONS CORP.
                                                   By: /s/ Dr. Stanton Sloane        
                                                   Name: Dr. Stanton Sloane
                                                   Title: President and CEO

Agreed to and accepted by: 

By: /s/ Robert McCollum        
Robert McCollum

Date:     7/23/15        

3Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

AGREEMENT TO AMEND

 

 

THE SHARE EXCHANGE AGREEMENT

 

BETWEEN

 

GOLD UNION, INC. (the “Company”)

&

G.U. INTERNATIONAL LIMITED
(“GUI”)

 

AND

 

KAO WEI-CHEN (aka KAO HSUAN-YING)
(“Kao”)

 

DATED AUGUST 28, 2014

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

 

Schedules

 

Schedule 2.1 (a) (Amended) - List Of PPGCT Investors
& Their Respective Interests In the Sale Shares.

Schedule 2.1 (b) (Amended) - Kao’s
And The Respective PPGCT Investors’ Entitlements To The Number Of Shares Of The Company Common Stock Issuable For The Exchange.

 

Schedule 2.1 (c) (Amended) - Signatures Of The
PPGCT Investors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	i

     

    

 

AGREEMENT TO AMEND THE SHARE EXCHANGE AGREEMENT
DATED AUGUST 24, 2015

 

This AGREEMENT (hereinafter
referred to as “this Agreement”) dated as of the 23rd day of September, 2015, 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 (hereinafter 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 (hereinafter
referred to as “GUI”);

 

AND

 

KAO WEI-CHEN (also known
as 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 (hereinafter referred
to as “Kao”).

 

W I T N E S S E T H:

 

WHEREAS, Kao is a registered
shareholder of Phnom Penh Golden Corridor Trading Co. Limited (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 (hereinafter referred to as “PPGCT”), holding Four Hundred and Ninety
shares of common stock of PPGCT, representing 48% of the issued and outstanding shares of common stock of PPGCT (hereinafter referred
to as “PPGCT Common Stock”), on Kao’s own behalf and on behalf of certain individuals and corporations as listed
in Schedule 2.1 (a) herein contained (hereinafter collectively referred to as “PPGCT Investors”).

 

WHEREAS, PPGCT presently
owns the entire interest of three parcels of land situated at National Road 44, Phum Phkung, Chbarmorn Commune, Chbarmorn District,
Kampong Speu Province, Kingdom of Cambodia, with title deed nos. 05020102-0045, 05020102-0550, and 05020103-0749, measuring in
aggregate 172,510 square meters (m2), as evidenced in the Property Plan Layout attached as Exhibit A herein contained
(hereinafter collectively referred to as the “PPGCT Property”);

    	1

     

    

 

WHEREAS, the Company, GUI
and Kao had on August 28, 2014 entered into an agreement (referred to as the “Share Exchange Agreement”) for the Company
to acquire through GUI from Kao Four Hundred and Eighty (480) shares of the PPGCT Common Stock (representing 48% of the total issued
and outstanding shares of the PPGCT Common Stock) currently held by Kao on Kao’s own behalf and on behalf of the PPGCT Investors
(referred to as the “Sale Shares”) for a total consideration of United States Dollars Five Million (USD 5,000,000)
only (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”) on the terms and conditions set forth in the Share Exchange
Agreement;

 

WHEREAS, the Company, GUI
and Kao had accepted the contemplated transaction stated in the Share Exchange Agreement and hereby agree to amend Schedules 2.1
(a), 2.1 (b) and 2.1 (c) of the Share Exchange Agreement as Schedule 2.1 (a) (Amended), Schedule 2.1 (b) (Amended) and Schedule
2.1 (c) (Amended) which are herein attached, respectively:

 

 

IN WITNESS WHEREOF, the parties hereto
have each executed and delivered this Agreement as of the day and year first above written.

 

	GOLD UNION, INC. (“The Company”)	Witnessed By:
	 	 
	 	 
	By: /s/ Supachai Sae-Chua	/s/ Kim Chang Yuna Vincent
	Supachai Sae-Chua	Name: Kim Chang Yuna Vincent
	Chief Executive Officer,	Passport/ID No.: E5593060L
	Chief Financial Officer and Director	(Country: Singapore )
	 	 
	G.U. INTERNATIONAL LIMITED	(“GUI”) Witnessed By:
	 	 
	 	 
	By:  /s/ Supachai Sae-Chua	/s/ Kim Chang Yuna Vincent
	Supachai Sae-Chua	Name: Kim Chang Yuna Vincent
	Director	Passport/ID No.: E5593060L
	 	 
	 	(Country: Singapore)
	 	 
	 	 
	KAO WEI-CHEN (aka KAO HSUAN-YING)	 
	(“Kao”)	Witnessed By:
	 	 
	 	 
	By: /s/ Kao Wei-Chen (aka Kao Hsuan-Ying)	/s/ Chou Feng Kai
	Kao Wei-Chen (aka Kao Hsuan-Ying)	Name: Chou Feng Kai
	Identity No.: P 201459182	Passport/ID No.: B121546012
	(Taiwan)	(Country: Tiawan

 

    	2

     

    

 

SCHEDULE 2.1 (a) (Amended)

 

 

List Of PPGCT Investors And Their Respective
Interests In The Sale Shares

 

 

	
        Name Of 

        PPGCT Investor
	Citizenship	Address	Percentage 

Of Interest In 

The Sale Shares
	CHOU PEI-CHI	Taiwan	
        264 Bangbon 1 Road., Bangbon District, Bangbon
        Sec.,

        Bangkok, 10510 Thailand.
	10.0%
	CHAIMONGKOL FOYFON	Thailand	
        98/49 Town Plus Onnut-Ladkrabang, Ladkrabang 20/1,
        Ladkrabang District,

        Bangkok, 10520 Thailand.
	5.0%
	CHOU PEI-YING	Taiwan	
        98/49 Town Plus Onnut-Ladkrabang, Ladkrabang 20/1,
        Ladkrabang District,

        Bangkok ,10520 Thailand.
	10.0%
	SONESITTICHOKE,    PARAMEE	Thailand	
        264 Bangbon 1 Road., Bangbon district, Bangbon
        Sec.,

        Bangkok, 10510 Thailand.
	5.0%
	CHOU FENG-KAI	Taiwan	
        98/49 Town Plus Onnut-Ladkrabang, Ladkrabang 20/1,
        Ladkrabang District,

        Bangkok, 10520 Thailand.
	10.0%
	
        KRITTAKORN

        WONGYAI
	Thailand	
        98/49 Town Plus Onnut-Ladkrabang, Ladkrabang 20/1,
        Ladkrabang District,

        Bangkok, 10520 Thailand.
	5.0%
	Ng YI-MI	Malaysia	
        K5D, Tiara Damansara,

        33, Jalan 17/1,

        46400 Petaling Jaya,

        Selangor Darul Ehsan, Malaysia.
	5.0%
	LOW SWEE BENG	Malaysia	
        No. 2, Jalan PJU 7/11,  

        Mutiara Damansara,

        47800 Petaling Jaya,

        Selangor Darul Eshan, Malaysia.
	5.0%
	Total 8 Individuals	 	 	55.0%

 

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SCHEDULE 2.1 (b) (Amended)

 

Kao’s And The Respective
PPGCT Investors’ Entitlements To The Number Of Shares Of The Company Common Stock Issuable For The Exchange

 

	Name	Address	Entitlement to the

 Number of Shares

 of the Company

 Common Stock
	KAO WEI-CHEN (aka KAO HSUAN-YING)	
        L8-09 Wisma BU 8,

        No.11, Lebuh Bandar Utama,

        Bandar Utama PJU 6,

        47600 Petaling Jaya,

        Selangor Darul Ehsan, Malaysia.

         
	
        1,125,000,000

         

         

	CHOU PEI-CHI	
        264 Bangbon 1 Road, Bangbon

 District, Bangbon
        Sec.,

        Bangkok, 10510 Thailand.

         
	250,000,000
	CHAIMONGKOL FOYFON	
        98/49 Town Plus

 Onnut-Ladkrabang, Ladkrabang

 20/1,
        Ladkrabang District,

        Bangkok, 10520 Thailand.

         
	125,000,000
	CHOU PEI-YING	
        98/49 Town Plus

 Onnut-Ladkrabang, Ladkrabang

 20/1,
        Ladkrabang District,

        Bangkok, 10520 Thailand.

         
	250,000,000
	SONESITTICHOKE,    PARAMEE	
        264 Bangbon 1 Road, Bangbon

 District, Bangbon
        Sec.,

        Bangkok, 10510 Thailand.

         
	125,000,000
	
        CHOU FENG-KAI

         
	
        98/49 Town Plus

 Onnut-Ladkrabang, Ladkrabang

 20/1,
        Ladkrabang District,

        Bangkok, 10520 Thailand.

         
	250,000,000
	
        KRITTAKORN

        WONGYAI
	
        98/49 Town Plus 

Onnut-Ladkrabang, 

Ladkrabang 20/1,
        Ladkrabang District,

        Bangkok, 10520 Thailand.

         
	125,000,000
	Ng YI-MI	
        K5D, Tiara Damansara,

        33, Jalan 17/1,

        46400 Petaling Jaya,

        Selangor Darul Ehsan, Malaysia.
	125,000,000 
	LOW SWEE BENG	
        No. 2, Jalan PJU 7/11,  

        Mutiara Damansara,

        47800 Petaling Jaya,

        Selangor Darul Ehsan, Malaysia.
	125,000,000
	Total 9 Individuals	 	2,500,000,000

 

 

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SCHEDULE 2.1 (c) 

 

Signatures Of The PPGCT
Investors

 

	
        Name Of 

        PPGCT Investor
	Signature
	CHOU PEI-CHI	 
	CHAIMONGKOL FOYFON	 
	CHOU PEI-YING	 
	SONESITTICHOKE,
    PARAMEE	 
	CHOU FENG-KAI	 
	
        KRITTAKORN

        WONGYAI
	 
	Ng YI-MI	 
	LOW SWEE BENG	 

 

 

 

 

 

 

 

 

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