Document:

EX-10.1

 EXHIBIT 10.1 

Citibank Europe PLC, UK Branch, as Facility Agent 

for the Lenders party to the Credit Agreement 

referred to below 
 Ladies and Gentlemen: 

Each of the undersigned Lenders (each such Lender, an “Extending Lender”) hereby agrees to extend, effective 1 October
2017, its Commitment and the Maturity Date under the Credit Agreement, dated as of 1 October 2015 (as amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein
defined), among Philip Morris International Inc. (“PMI”), the Lenders party thereto, Citibank Europe PLC, UK Branch (legal successor to Citibank International Limited), as Facility Agent, and Citibank, N.A., as Swingline Agent, for
an additional one year period to 1 October 2022 pursuant to Section 2.23 of the Credit Agreement. 
 Effective 1 October
2017, and subject to the addition of one or more Assuming Lenders prior to the Maturity Date, Schedule 3 Revolving Credit Commitments and Schedule 4 Swingline Commitments are hereby deleted in their entirety and are replaced with Schedule 3
Revolving Credit Commitments and Schedule 4 Swingline Commitments attached hereto; provided that (i) total aggregate Revolving Credit Commitments shall in no event exceed $3,500,000,000 and (ii) total aggregate Swingline Commitments shall
in no event exceed $800,000,000. 
 Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement are and
shall remain in full force and effect and are hereby ratified and confirmed. 
 This Extension Agreement shall be governed by, and construed
in accordance with, the laws of the State of New York. This Extension Agreement may be signed in any number of counterparts, each of which when executed shall be deemed to be an original and all of which taken together shall constitute one and the
same agreement. 
 [Signature pages omitted]Exhibit
10.6

 

 

     

     

    

 

 

 

International
Financial Services Commission

 

 

ANNEX
TO THE LICENCE

 

Granted to

 

AGM
GROUP LTD.

(“The
Licensee”)

 

(License
No. IFSC/60/448/FX/1 7)

 

TRADING
IN FOREIGN EXCHANGE LICENCE

 

This
Licence is issued subject to the following conditions:-

 

	1.	The Licensee
    shall at all times comply with the provisions of the International Financial Services Commission Act and the Regulations made
    thereunder, as amended from time to time.

 

	2.	The
    Licensee shall not transact any trading (securities, foreign exchange, derivatives or otherwise) with any person or entity
    who is a resident of Belize unless such person or entity:

 

	 	i)	is
    a bank licensed under the Domestic Banks and. Financial Institutions Act (No. 11 of 2012) or the International Banking Act
    (CAP, 267); or
	 	 	 
	 	ii)	is
    the Government of Belize or a public statutory corporation wholly owned by the Government of Belize.

 

	3.	The
    Licensee shall conduct its business in a currency other than the currency of Belize.

 

    	 	1	 

     

    

 

	4.	The Licensee
    must provide all of its customers with monthly statements with
    the following specified information:

 

		i)	the
                                         amount due to such customers; and

 

		ii)	the
                                         fact that such funds are payable on demand of the customer.

 

	5.	The Licensee must hold in
    cash or qualified authorized securities as prescribed by the International Financial Services
    Commission (IFSC), either solely or in common, customer credit items in excess of customer debit items. In addition, the Licensee
    is required to:

 

	 	i)	segregate
    customer funds;

 

	 	ii)	maintain
    physical possession or control of fully paid and excess margin securities carried for customers.

 

	6.	The Licensee shall not encourage
    excessive trading in a customer’s account for the purpose of increasing the Licensee’s
    or stockbroker’s or broker’s commission or other revenue generated by such trading.

 

	7.	The Licensee
    is prohibited from executing any transaction or from making improper use of a customer’s securities or funds, including
    but not limited to, cases of theft or borrowing, lending or pledging without the customer’s prior written authorization.

 

	8.	The Licensee
    is required to fully disclose to customers the charges for services performed by registered firms in connection with securities
    transactions and shall not be discriminatory between customers.

 

	9	The
    Licensee shall report to the IFSC not later than five business days after the event whenever the Licensee or any of its employees:

 

		i)	is
                                         the subject of any written customer complaint involving allegations of forgery, fraud,
                                         theft or misappropriation of funds or securities, together with the action taken to address
                                         the complaint;

 

		ii)	is
                                         named a defendant or respondent in any criminal or regulatory proceeding or any civil
                                         proceeding exceeding US$25,000, whether in Belize or abroad.

  

    	 	2	 

     

    

 

	10.	Before effecting a margin
    trade on behalf of any customer, the Licensee must:

 

	 	i)	be in possession
    of a Margin Agreement signed by the benefiting customer;

 

	 	ii)	obtain from
    the customer a minimum margin deposit of US$500.

 

	11.	The Licensee’s
    foreign exchange trading is limited to over-the-counter markets and organized exchanges and the Licensee is prohibited from
    conducting foreign exchange transactions in the cash/parallel market.

 

	12.	(1)	The Licensee must give priority
    to customer’s orders and shall transmit instructions in order of receipt.

 

		(2)	The
                                         Licensee shall promptly address any complaints from its customers and do everything possible
                                         to satisfy them so as to avoid any damage to the reputation of Belize as a well-regulated
                                         jurisdiction.

 

		(3)	The
                                         Licensee shall report to the IFSC on a monthly basis the action taken to address the
                                         complaint from its customers;

 

	13.	(1)	The Licensee shall file by
    fax or other electronic means by the tenth of each month (or at such other times as may be specified
    by the IFSC) the calculations and evidence of the Licensee’s:-

 

		i)	paid-up
                                         and unimpaired capital, compliance with margin requirements as of the last business day
                                         of the previous month and an income statement for the previous month;

 

		ii)	the
                                         number, volume, and value of all trades executed and such other information as the IFSC
                                         deems necessary; and

 

		iii)	any
                                         other information required by the IFSC.

 

	 	(2)	The report
    should not be more than 5 pages and need not contain details of individual transactions.

  

    	 	3	 

     

    

 

	14.	In the event
    of insolvency, whether deemed insolvent in Belize, or any other jurisdiction, the Licensee is prohibited from effecting securities
    or derivatives transactions and must provide immediate notice to the IFSC. For this purpose, insolvency is defined by:-

 

		i)	the
                                         placement in a voluntary or involuntary bankruptcy or similar proceeding; or
	 	 	 
		ii)	the
                                         appointment of a trustee, receiver, or similar official; or
	 	 	 
		iii)	a
                                         general assignment by the Licensee for the benefit of its creditors; or
	 	 	 
		iv)	an
                                         admission of insolvency; or
	 	 	 
		v)	the
                                         protracted inability to make computations necessary to establish compliance with IFSC’s
                                         net capital licensing requirement.

 

	15.	The Licensee shall not, without
    the written approval of the IFSC:-

 

	 	i)	enter into
    a merger, amalgamation or consolidation;

 

	 	ii)	transfer
    the whole or any substantial parts of its assets or liabilities;

 

		iii)	change
                                         its name, address, from that set out in its license;

 

		iv)	alter
                                         its Memorandum or Articles of Association;

 

		v)	accept
                                         or keep a resident of Belize as a customer for any of its trading services.

 

	16.	The
    IFSC reserves the right to approve changes in the original shareholdings, directorate or management of the Licensee.

 

	17.	The Licensee
    will be required to meet with the IFSC at least once a year to review the Licensee’s performance
    in the preceding year and prospects for the ensuing year.

 

    	 	4	 

     

    

 

	18.	The
                                         services offered by the Licensee shall be consistent with products offered by licensed
                                         brokers for trading in financial and commodity based derivatives.
	 	 
	19.	The
                                         Licensee is prohibited from conducting any banking business such as receiving money from
                                         the public through the acceptance of deposits on current account, deposit account or
                                         other similar accounts which may be withdrawn on demand by cheque, draft, order or notice
                                         by customers and using that money to make advances, loans, extensions of credit, guarantees
                                         and investments.
	 	 
	20.	The
                                         Licensee shall pay special attention to cash deposits (including bearer monetary instruments)
                                         in excess of US$10,000.00 (or its equivalent in any currency) and ensure that such deposits
                                         are not the proceeds of money laundering or any other financial crime.
	 	 
	21.	The
                                         Licensee shall not offer or transact any trading with a resident of a country whose laws
                                         require a local licence for this purpose, without obtaining such a licence.
	 	 
	22.	The
                                         Licensee’s investment in equity of a single issuer, including any affiliate, shall
                                         not exceed 25 percent of its fully paid-up and unimpaired capital.
	 	 
	23.	The
                                         Licensee shall not establish a branch, subsidiary or representative office without the
                                         prior approval of the 1FSC.
	 	 
	24.	The
                                         Licensee shall submit to the IFSC as soon as possible a manual of operating procedures,
                                         including liquidity and money laundering prevention controls.
	 	 
	25.	The
                                         Licensee shall not issue any bearer shares.
	 	 
	26.	(a)
                                         The Licensee shall at all times keep deposited with a bank or other licensed financial
                                         institution in Belize the minimum paid up and unimpaired capital of US$500,000.00.
	 	 
	 	(b)
                                         The Licensee, at the commencement of the International Financial Services Commission
                                         (Licensing) (Amendment) Regulations, S.I. No. 10 of 2016 has a transition period of two
                                         (2) years in order to comply with paragraph (a).

 

    	 	5	 

     

    

 

	27.	The
                                         Licensee shall immediately notify the IFSC of any changes in the information previously
                                         supplied by the Licensee.
	 	 
	28.	The
                                         Licensee shall not change its name or corporate or management structure without the prior
                                         written permission of the IFSC.
	 	 
	29.	The
                                         Licensee shall not use any other trade name without the prior written approval of the
                                         IFSC.
	 	 
	30.	A
                                         breach of or non-compliance with any of the above conditions may result in the revocation
                                         of the Licence.

 

DATED
this 5th day of December, 2016.

 

 

 

	 	/s/
    NERI J. MATUS
	 	NERI
                                         J. MATUS (MRS)

                                                                                     (Director
                                         General)

	 	International
                                         Financial Services Commission

 

 

6

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