Document:

Exhibit 10.1

 

ACQUISITION
AGREEMENT

 

This
conditional acquisition agreement (hereinafter the “Agreement”) was entered into on April 7, 2017, by
and between:

 

MON
SPACE NET INC, a company incorporated under the laws of the State of Nevada of the United States of America, with business
address in Petaling Jaya, Selangor, Malaysia, hereinafter referred to as the “Acquirer”.

 

and

 

Wong
Tat Foong and Dato’ Sri Lai Chai Suang (collectively referred to as “Shareholders”) being
shareholders of Monspacemall Sdn Bhd, hereinafter referred to as the “Company”.

 

WHEREAS

 

	 	A.	The
    Company owns and operates an e-commerce platform under the name of “monspacemall.com”.

 

	 	B.	The
    Shareholders of the Company agreed to sell to the Acquirer, 100,000 ordinary shares,, with par value of RM 1.00 per share,
    representing 100% of issued and outstanding ordinary shares of the Company (hereinafter referred to as the “Shares”).

 

	 	C.	The
    Shareholders desire to sell and the Acquirer desires to purchase the Shares of the Company on an as-Is basis.

 

	 	D.	The
    financial statements of the Company remains to be audited.  It is a precondition of the closing of the transaction
    hereunder that the Company must complete the audit of its latest financials before the transaction will be executed.

 

	1.	SALE
    AND PURCHASE OF SHARES

 

	 	1.1.	The
    Shareholders agree to sell an aggregate of 100,000 ordinary shares, representing 100% of Company’s issued and outstanding
    ordinary shares for the price set forth in Section 2.1 of the Agreement, and the Acquirer agree to purchase the Shares from
    the Shareholders for an aggregate purchase price set forth in Section 2.1.

 

	 	1.2.	The
    Shares shall be transferred to the Acquirer together with all rights underlying the Shares, free and clear of any pledges
    (except for pledge established in favour of the Acquirer), liens, obligations or rights of third parties.
	 	 	 
	 	1.3.	Completion
    of the purchase and sale of the Ordinary Shares contemplated in this Subscription Agreement (any such completion, a “Closing”)
    shall occur within fourteen (14) business days following the date of Company’s audited financial report completed by
    Company’s independent public accounting firm. 
	 	 	 
	2.	PRICE
    FOR THE SHARES

 

	 	2.1.	The
    total price for the Shares shall be shall amount to US$50,000 (Fifty Thousand U.S. Dollars).

 

     

     

    

 

	 	2.2.	Shareholders
    of the Company shall provide their banking coordinates for the payment to be made prior to the signing of this Agreement,
    and all the stamp duties for the share transfer shall be borne by the shareholders of the Company respectively.

 

	3.	REPRESENTATIONS
    AND WARRANTIES OF THE COMPANY

 

	 	3.1.	The
    Company hereby represents and warrants to the Acquirer that each of the representations and warranties specified below is
    true, accurate and fair:

 

	 	3.1.1.	The
    Company has been duly organized and validly exists under the laws of the Malaysia.

 

	 	3.1.2.	The
    share capital of the Company amounts to RM100,000 (Ringgit Malaysia One Hundred Thousand) and is divided into 100,000 (One
    Hundred Thousand) ordinary shares, each with par value of RM1.00 (One). Each share gives the right to one vote at the General
    Meeting of the Company.

 

	 	3.1.3.	The
    Shares have been fully paid up and are free and clear of any pledges, encumbrances, obligations and rights of third parties.

 

	 	3.1.4.	There
    are no restrictions or limitations on the transferability of the Shares. The transfer of the Shares to the Acquirer shall
    not provide any legal ground to any third party to terminate any agreements to which the Company is a party to. As of the
    date of this Agreement, the Company is not aware of any intent of the Company’s suppliers or customers to cease the
    co-operation with the Company.

 

	 	3.1.5.	The
    Company shall have the power and authority to sign this Agreement and to execute the transaction contemplated hereby. The
    performance of this Agreement and of the obligations set forth herein shall not result in violation of any law, any contract
    to which the Company is a party or by which he or his property may be bound, any judgment of any court, or any permit or approval
    of any governmental agency.

 

	 	3.1.6.	This
    Agreement constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms.

 

	 	3.1.7.	Except
    for the claim for payment of the Price for the Shares, the Company shall waive any claims against the Shares or the assets
    of the Company.

 

	 	3.1.8.	All
    resolutions of the Company’s shareholders were adopted correctly from the formal point of view and are legally binding.

 

	 	3.1.9.	The
    Company does not have any obligations towards its former or existing shareholders. There exist no obligations towards third
    parties for which the Company would be liable.

 

	 	3.1.10.	The
    financial statements of the Company has not been audited.

 

	 	3.1.11.	The
    Company has not executed any loan agreements and does not use any loans.

 

	 	3.1.12.	The
    Company has not issued any promissory notes.

 

	 	3.1.13.	No
    proceedings have been instituted, aimed at satisfying any creditor in connection with any asset of the Company covered by
    the security. The Company holds full rights to its assets and property.

 

    	 	2	 

     

    

 

	 	3.1.14.	No
    petition in bankruptcy has been filed against the Company

 

	 	3.1.34.	The
    Company represents that he has disclosed to the Acquirer all information, concerning all aspects of the Company’s functioning,
    that is or may be reasonably deemed necessary for proper evaluation of the Company’s operations, its assets and liabilities,
    its net equity and its financial standing and sales.

 

	 	3.2.	The
    Company is aware that the Acquirer enters into this Agreement based on the assumption that the above representations and warranties
    are complete, fair, accurate and fully true.

 

	 	3.3.	The
    Company hereby undertakes to indemnify and hold the Acquirer or the Company harmless from any damage caused to third parties
    or to pay to the Acquirer or the Company a compensation for damage suffered by the Acquirer or the Company due to the Company’s
    violation of any of the representations and warranties listed above (including but not limited to their incompleteness, incorrectness
    or inaccuracy) or due to the Company’s violation of any obligations hereunder. In case of gross violation of any of
    the representations and warranties set forth hereinabove or any other obligations of the Company, the Company shall pay the
    Acquirer or the Company a contractual penalty amounting to twice the value of the Price for the Shares. The Acquirer or the
    Company shall have the right to claim damages exceeding the contractual penalty, on general terms.

 

	4.	REPRESENTATIONS
    AND WARRANTIES OF THE ACQUIRER

 

The
Acquirer hereby represents and warrants to the Company that:

 

	 	4.1.	Acquirer
    has been duly organised and validly exists under the laws of the State of Nevada of the United States of America and has the
    right to execute the transaction contemplated hereby.

 

	 	4.2.	The
    performance of this Agreement and of the obligations set forth herein have been duly authorized by the Acquirer and shall
    not result in violation of any law, or any contract to which the Acquirer is a party, or any judgment of any court, or any
    permit or approval of any governmental agency.

 

	 	4.3.	This
    Agreement constitutes a valid and legally binding obligation of the Acquirer, enforceable in accordance with its terms.

 

	5.	COVENANTS

 

	 	5.1.	The
    Shareholders shall, for an unlimited period of time, indemnify and hold the Company and/or the Acquirer harmless from any
    payment of tax or debts resulting from any tax inspection or legal proceedings concerning the Company’s activity before
    the execution of this Agreement.

 

	 	5.2.	Each
    Party shall keep confidential all information contained in this Agreement. The above undertaking shall not apply to any information
    which is currently in public domain or the disclosure of which is required by mandatory provisions of laws or necessary for
    the proper performance of this Agreement.

  

    	 	3	 

     

    

 

	6.	NOTICES

 

	 	6.1.	All
    notices, statements and communications required or permitted under this Agreement shall be effectively given, if personally
    delivered or sent by registered mail (return receipt requested) to the following address:

 

To
the Acquirer:

 

Mon
Space Net Inc

100.3.041,
129 Offices, Block J, Jaya One,

72A,
Jalan Universiti,

46200
Petaling Jaya, Selangor, Malaysia.

 

Attention
of Dato’ Sri Lai Chai Suang

 

To
the Company:

 

Monspacemall
Sdn Bhd

The
Earth @ Bukit Jalil, Bumi Bukit Jalil,

Lebuhraya
Puchong-Sg. Besi,

57000
Kuala Lumpur, Malaysia.

 

Attention:
Mr. Alex Wong

 

	 	6.2.	The
    Parties undertake to promptly notify one another of the change in the address for correspondence. In the event of failure
    to notify of the change in the address, all correspondence sent to the addresses indicated above shall be deemed delivered
    to the appropriate address.

 

	7.	FINAL
    PROVISIONS

 

	 	7.1.	Any
    legal, financial and consulting expenses of the Company in relation to this Agreement shall be borne solely by the Company.
    The Acquirer shall be responsible for its own expenses.

 

	 	7.2.	This
    Agreement shall remain valid if any part or provision hereof is deemed by a court or other authority invalid or unenforceable
    in full or in part, unless it follows from the facts that the Parties would not have executed the Agreement if they had been
    aware of invalidity or enforceability of such part or provision. As regards provisions deemed invalid or unenforceable, the
    Parties shall negotiate in good faith, as far as feasible, new provisions that will be valid and enforceable and will reflect
    original intentions of the Parties.

 

	 	7.3.	This
    Agreement shall be governed by and construed in accordance with the federal and states laws of the State of New York, USA.

 

[SIGNATURE
PAGE FOLLOWS]

     

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

	For the Acquirer:	 	 
	 	 	 
	By:	Dato’ Sri Lai Chai Suang Chief Executive Officer	 	 
	 	 	 	 
	For the Shareholders:	 	 
	 	 	 
	By:	Dato’ Sri Lai Chai Suang Holder of 70,000 shares in the Company	 	 

 

	By:	
        Wong Tat Foong

        Holder of 30,000 shares in the Company ____________________________Exhibit 10.2

 

COLLABORATION
AGREEMENT 

 

THIS
COLLABORATION AGREEMENT (the “Agreement” or this “Collaboration Agreement”), is made and entered into
as of this April 7, 2017, by and between MSNI (M) Sdn Bhd (hereinafter “MSNI”), a Malaysia corporation, with a registered
office located at 100.3.041, 129 Offices, Block J, Jaya One, No. 72A, Jalan Universiti, 46200 Petaling Jaya, Selangor, and Monspacemall
Sdn Bhd (hereinafter “MSMSB”) , a Malaysia corporation, with a registered office located at The Earth @ Bukit Jalil,
Bumi Bukit Jalil, Lebuhraya Puchong-Sg. Besi, 57000 Kuala Lumpur, Malaysia.

 

WHEREAS,
“MSNI” is in the business of e-commerce and information technology, and

 

WHEREAS,
“MSMSB” is in the business of operating an e-commerce platform, and

 

WHEREAS,
the parties desire to establish between them a collaboration in order to collaborate in the rapid growth of the e-commerce business.

 

NOW,
THEREFORE, in consideration of the foregoing, and of the mutual covenants and commitments set forth herein, the parties hereto
agree as follows:

 

1.
FORMATION

 

The
collaboration formed by this Agreement (the “Collaboration”) will conduct its business under the name “monspacemall.com”,
and will have its business address at The Earth @ Bukit Jalil, Bumi Bukit Jalil, Lebuhraya Puchong-Sg. Besi, 57000 Kuala Lumpur,
Malaysia. The Collaboration shall be considered a collaboration between the Parties in all respects, and in no event shall this
Agreement be construed to create a partnership or any other fiduciary relationship between the Parties.

 

2.
CONTRIBUTIONS

 

The
Parties hereto shall each contribute the following-:

 

1.
MSNI’s Contribution: The initial consumer database up to a maximum of 500,000 persons.

 

2.
MSMSB’s Contribution: The management and operation of the e-commerce engine with the domain name “monspacemall.com”.

 

3.
DISTRIBUTION OF PROFITS

 

Monthly
accounting will be prepared, and the net profit before tax for each month shall be shared equally between the Parties, and since
MSMSB is the operator, MSMSB shall be obligated to pay MSNI monthly, within 30 days from the close of the previous month, 50%
the profits generated by business of monspacemall.com.

 

MSMSB
shall furnish MSNI the monthly management accounts within 7 working days after the close of the month.

 

The
collaboration shall be effective on 7 April 2017.

 

4.
EXCLUSIVITY

 

By
virtue of this Collaboration Agreement, both parties are obligated to make offers to the other related to any business.

 

     

     

    

 

5.
TERM

 

This
Agreement shall commence on the date first written above and remain in full force and effect for an initial period of ONE year
(the “Initial Term”). At the end of the Initial Term, this Agreement will automatically renew in one year increments
(each, a “Renewal Term”), unless and until this Agreement is terminated in accordance with Section 9 hereinafter.

 

6.
TERMINATION

 

Either
Party shall have the right to terminate this Agreement, effective as of the end of the Initial Term or any Renewal Term, by providing
the other with written notice of termination at least thirty (30) days prior to the end of such Initial Term or Renewal Term.
Neither Party shall have the right to terminate this Agreement at any other time, unless such termination is mutually agreed to
by the Parties hereto. The Collaboration shall terminate upon termination of this Agreement.

 

7.
FURTHER ACTIONS

 

The
Parties shall execute any documents and take all appropriate actions as may be necessary to give effect to the Collaboration.

 

8.
ASSIGNMENT

 

Neither
Party shall assign or transfer any of its rights or obligations hereunder without the prior written consent of the other Party,
except to a successor in ownership of all or substantially all of the assets of the assigning Party if the successor in ownership
expressly assumes in writing the terms and conditions of this Agreement. Any such attempted assignment without written consent
will be void. This Agreement shall inure to the benefit of and shall be binding upon the valid successors and assigns of the Parties.

 

9.
GOVERNING LAW

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of Kuala Lumpur, Malaysia, without regard
to conflicts of law principles.

 

10.
SEVERABILITY

 

The
Parties recognize the uncertainty of the law with respect to certain provisions of this Agreement and expressly stipulate that
this Agreement will be construed in a manner that renders its provisions valid and enforceable to the maximum extent possible
under applicable law. To the extent that any provisions of this Agreement are determined by a court of competent jurisdiction
to be invalid or unenforceable, such provisions will be deleted from this Agreement or modified so as to make them enforceable
and the validity and enforceability of the remainder of such provisions and of this Agreement will be unaffected.

 

    	 	2	 

     

    

 

11.
NOTICES

 

All
notices, requests, demands and other communications under this Agreement must be in writing and will be deemed duly given, unless
otherwise expressly indicated to the contrary in this Agreement: (i) when personally delivered; (ii) upon receipt of a telephone
facsimile transmission with a confirmed telephonic transmission answer back; (iii) three (3) days after having been deposited
in the mail, certified or registered, return receipt requested, postage prepaid; or (iv) one (1) business day after having been
dispatched by a nationally recognized overnight courier service, addressed to a Party or their permitted assigns at the address
for such Party first written above.

 

12.
HEADINGS

 

Paragraph
headings used in this Agreement are for reference only and shall not be used or relied upon in the interpretation of this Agreement.

 

13.
ENTIRE AGREEMENT

 

This
Agreement contains the entire agreement and understanding between the Parties, superseding all prior contemporaneous communications,
representations, agreements, and understandings, oral or written, between the Parties with respect to the subject matter hereof.
 This Agreement may not be modified in any manner except by written amendment executed by each Party hereto.

 

In
Witness Whereof, the Parties have caused this Collaboration Agreement to be duly executed and delivered as of the date first written
above.

 

MSNI
(M) SDN BHD

 

	 	 
	Dato’ Sri Lai Chai Suang, Director	 

 

MONSPACEMALL
SDN BHD

 

	 	 
	Wong Tat Foong, Director	 

 

 

3

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