Document:

Exhibit 10.1

 

NOTE PAYMENT AND SATISFACTION AGREEMENT

 

This NOTE PAYMENT AND SATISFACTION AGREEMENT
is made and entered into this 28th day of October 2015, to be effective for all financial and other purposes as of November
2, 2015 (the “Effective Date”), by and between Link Bit Consulting Co., Ltd., a company existing under the laws
of Japan (“LBC”) and Umajin Co. Ltd., a corporation existing under the laws of Japan (“Umajin”).

 

Recitals

 

WHEREAS, Umajin is the borrower and obligor
under that certain Secured Promissory Note in the principal amount of ¥181,720,000/ $1,540,000 (the “Note”) given
as consideration for Umajin’s purchase of 1,400,000 shares of the common stock of Grand Perfecta, Inc., represented by certificate
no. 5322 (the “Shares”), which were pledged as security for the Note under that certain Stock Pledge Agreement of event
date therewith (the “Pledge Agreement”);

 

WHEREAS, LBC is the assignee of the Note,
Pledge Agreement, and security interest in the Shares;

 

WHEREAS, LBC is a wholly-owned subsidiary
of Grand Perfecta, Inc., a Nevada corporation (“GPI”), and LBC believes it to be in the best interest of LBC and GPI
to settle the Note in full by accepting an assignment to LBC from Umajin of all the Shares; and

 

WHEREAS, pursuant to that certain Information
Services Agreement between LBC and Umajin of even date herewith, Umajin has agreed to fix the price at which it will provide future
information and related services pertaining to the horse racing industry in Japan to LBC, which LBC believes to be in its best
interest by fixing certain operating costs.

 

Agreement

 

NOW, THEREFORE, in consideration of the
forging recitals, which are incorporated herein, and for other good and valuable consideration the receipt and adequacy of which
are hereby acknowledged, the parties hereto agree as follows:

 

1.Assignment of Shares. By the
execution hereof Umajin hereby sells, transfers and conveys to LBC as of the Effective Date all of its right, title, and interest
in and to the Shares. Umajin shall promptly deliver to LBC certificate no. 5322 representing the Shares duly endorsed (directly
or by stock power) for transfer on the books and records of GPI.

 

2.Satisfaction of Note. By the
execution hereof LBC agrees that as of the Effective Date the Note and all payment obligations thereunder, including Umajin’s
obligations to pay principal and accrued interest as of the Effective Date, are paid, satisfied, fully discharged and fully released.

 

3.Title to Shares. Umajin hereby
covenants, represents, and warrants that it has not sold, assigned, transferred, hypothecated, pledged, encumbered or otherwise
disposed of, in whole or in part, voluntarily or involuntarily, any of its right, title or interest in and to the Shares, and that
assignment of the Shares pursuant to this Agreement conveys good and marketable title to the Shares free of any claims or encumbrances.

 

    	1

     

    

 

 

IN WITNESS WHEREOF, the undersigned have
executed this Note Payment and Satisfaction Agreement as of the date first above written.

 

	 	LINK BIT CONSULTING CO., LTD.
	 	
         

         

        By /s/ Takashi Ozawa

        Name: Takashi Ozawa

        Title: CEO, President

         

 

 

	 	UMAJIN CO. LTD.
	 	
         

         

        By /s/ Motonori Okai

        Name: Motonori Okai

        Title: Representative Director

         

 

 

 

 

 

 

 

 

 

 

    	2Exhibit 10.2

 

Service Agreement

 

This Service Agreement (this “Agreement”)
has been made and entered into by and between Link Bit Consulting Co., Ltd. (the “Customer”), and UMAJIN Co., Ltd.
(the “Service Provider”), as follows.

 

Article 1.Entrustment of Services

 

The Customer entrusts the Service Provider
with the services specified in Article 2 (the “Entrusted Services”) and the Service Provider accepts the entrustment.

 

Article 2.Services

 

The Entrusted Services shall be as follows:

 

	(1)		Matters related to gathering and providing horserace information.

1Conducting interviews in areas relating
to horse racing

2Providing image materials relating to
horse racing

3Collecting information on races held
and managing the database thereof

4Other services relating to the forgoing

	(2)		Matters related to web page contents and e-mail magazines

1Planning and supervising web pages and
e-mail magazines

2Writing e-mail magazines

3Writing texts for web page contents

 

Article 3.Term

 

The effective term of this Agreement shall
be from November 1, 2015, to October 31, 2016. If neither party expresses a specific intention at least three months prior to the
expiration of the term, this Agreement shall be extended for an additional one-year period with the same conditions, and the same
shall apply thereafter.

 

Article 4.Service Fees

 

The service fees shall be as follows

 

1 The fee for service
prescribed in paragraph in Article2(1) shall be 16 million yen per month (inclusive of consumption tax).

2 The fee for service
prescribed in paragraph in Article2(2) shall be 7 million yen per month (inclusive of consumption tax).

The total 23million yen
per month (inclusive of consumption tax.)

 

The Customer shall pay the
fees for each month by the end of the following month by remittance to the account designated by the Service Provider.

 

    	1

     

    

 

Article 5.Expenses

 

Expenses necessary for the performance of the
Entrusted Services shall be borne in principle by the Service Provider.

 

Article 6.Reporting

	1.		The Service Provider shall report on the entrusted matters to the Customer on a weekly
basis.

	2.		In addition to the preceding paragraph, if the Customer so requests, the Service Provider
shall promptly report information on the entrusted matters.

 

Article 7.Confidentiality

 

Neither party may divulge to any third party
any confidential information of the other party that comes to its knowledge through the execution and performance of this Agreement.

 

Article 8.Disclosure
of Outsourcing, etc. to External Parties

 

	1.		The Service Provider may not, for whatever reason, entrust the performance of purposes
for which disclosure is made to any third party without expressly obtaining the written consent of the Customer.

	2.		If the Service Provider wishes to obtain the written consent of the Customer in the
preceding paragraph or needs to seek cooperation of a third party for the performance of the Services in Article 2, the Service
Provider must seek the Customer’s judgment by submitting the name, trade name, address, and location of the potential subcontractor
or partner as well as the scope of confidential information to be disclosed.

	3.		The Service Provider may, upon obtaining the approval of the disclosing party, disclose
confidential information to the third party by having the third party assume the same obligations the Service Provider owes to
the Customer hereunder prior to the disclosure. However, in such case, the Service Provider shall not be exempted from the obligations
hereunder and shall be responsible for the disclosure of confidential information to the third party.

	4.		If the Service Provider discloses confidential information to the third party in accordance
with the provisions of this Article, the Service Provider shall keep the disclosure records (matters to be recorded: disclosure
date and time; media used for the disclosure; the department, name, and receiving stamp of the recipient; date of returning the
media; and the like). The Customer may request the inspection and copying of the disclosure record at any time to the Service
Provider.

 

Article 9.Damage

 

The Service Provider shall
be liable to separately compensate for damage caused to the Customer due to any violation of obligations hereunder or failure to
perform obligations hereunder. Damage to be compensated shall include indirect damage to the Customer such as loss of earnings,
damage arisen due to the Customer’s reputational damage, expenses the Customer has incurred for internal and external responses
to divulgence or other similar events, and compensation required for third parties.

 

    	2

     

    

 

Article 10.Termination

 

	1.		Either party may immediately terminate this Agreement wholly or partly without any
demand if the other party falls under any of the following items.

	(i)		If the other party commits gross negligence or breach of trust

	(ii)		If the other party suspends payments, or a petition is filed for provisional attachment,
attachment, auction, commencement of bankruptcy proceedings, civil rehabilitation proceedings, corporate reorganization proceedings,
special liquidation proceedings, or other similar proceedings

	(iii)		If the other party receives a disposition for suspension of transactions from a clearing
house

	(iv)		If the other party receives a disposition for failure to pay taxes or public dues

	(v)		If any other significant reason similar to the forgoing that makes it difficult to
continue this Agreement arises

	2.		Either party may terminate this Agreement wholly or partly if the other party violates
any provision of this Agreement and, despite demand made by specifying a reasonable period, other party’s failure to perform
obligations is not corrected.

 

Article 11.Jurisdiction

 

The Tokyo District Court
shall have exclusive jurisdiction for the resolution of any disputes in connection with this Agreement.

 

Article 12.Consultation

 

Any matters not stipulated hereunder or any
questions about the interpretation of this Agreement shall be resolved upon consultation between the parties hereto in good faith.

 

 

IN WITNESS WHEREOF, both parties hereto have
executed this Agreement in duplicate with their signatures, and each party shall retain one copy.

 

 

    	3

     

    

 

November 1, 2015

 

Customer: /s/ Takashi Ozawa

1-16-1 Kaigan, Minato-ku, Tokyo, Japan

Link Bit Consulting Co., Ltd.

Takashi Ozawa, Representative Director

 

Service Provider: /s/ Motonori Okai

1-4-12 Kaigan, Minato-ku, Tokyo, Japan

UMAJIN Co., Ltd.

Motonori Okai, Representative Director

 

 

 

 

 

 

 

    	4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}]]