Document:

Exhibit 10.2

 

AMENDMENT TO

 

ACQUISITION
AGREEMENT

 

   THIS
AMENDMENT TO ACQUISITION AGREEMENT dated as of May 13, 2019 (this “Amendment”), to the
ACQUISITION AGREEMENT dated as of January 24, 2019 (the “Acquisition Agreement”), by and among Velt
International Group, Inc., a Nevada corporation (the “Acquirer”), THF International (“Hong Kong”)
Ltd., a Hong Kong Corporation (the “Target”), and Rural Asset Management Services Inc. a shareholder of
the Target being the owner of record of 85% of the issued and outstanding common stock of Target set forth on the signature
page thereto ( the “Seller”) is entered into by and among the Acquirer, Target and the Seller. Capitalized
terms used herein and not otherwise defined shall have their respective meanings set forth in the Acquisition Agreement.

 

Pursuant
to Acquisition Agreement, the Acquirer, the Target and the Seller wish to amend certain provisions of the Acquisition Agreement
as provided herein.

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements contained herein and in the Acquisition Agreement and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1. Amendment
to Item I of the Acquisition Agreement. The “Purchase Price and Exchange of Stock” in Item 1.1 and 1,2 of
the Acquisition Agreement is hereby amended and restated in its entirety as follows:

 

		“1.	Purchase
Price and Exchange of Stock

 

		1.1	The purchase price is USD $ 1,700,000.00 to be paid
in form of shares of Velt International Group Inc. based on the closing price on January 22, 2019 for 85% shares of THF International
(Hong Kong) Ltd.

 

		1.2	Exchange of Certificates. The Seller shall surrender
such certificate(s) in the aggregate number of shares representing 85% of the issued and outstanding common stock of Target to
Acquirer and shall receive in exchange a certificate or certificates representing the 6,800,000 shares of Acquirer’s common
stock. The transfer of Target shares by the Seller shall be affected by the delivery to Acquirer at the Closing of certificates
representing the transferred shares endorsed in blank or accompanied by stock powers executed in blank.”

 

2. Effect
of Amendment. This Amendment shall become effective, and shall be deemed to be effective as of the date hereof. Except as otherwise
expressly modified herein, the Acquisition Agreement shall remain unchanged and is in full force and effect. All references in
the Acquisition Agreement to “this Agreement,” “hereto,” “hereof,” “hereunder”
or words of like import referring to the Acquisition Agreement shall mean the Acquisition Agreement, as amended. Notwithstanding
the foregoing, references to the date of the Acquisition Agreement, as amended, shall in all instances remain as of January 24,
2019, and references to “the date hereof” and “the date of the Agreement” shall continue to refer to January
24, 2019. 

 

3. Counterparts;
Execution. This Amendment may be signed in any number of counterparts with the same effect as if the signatures to each counterpart
were upon a single instrument, and all such counterparts together shall be deemed an original of this Amendment. This Amendment
shall become effective when one or more such counterparts have been signed by each of the parties and delivered to the other party.

 

4. Headings.
The headings contained in this Amendment are intended solely for convenience and shall not affect the rights of the parties to
this Amendment.

 

5. Governing
Law. This Amendment and all claims relating to this Amendment shall be governed by and construed in accordance with the Laws
of the State of California, without giving effect to the principals of conflict of laws thereof.

 

6. Severability.
If any term or other provision of this Amendment is invalid, illegal or incapable of being enforced by any court of competent jurisdiction,
all other conditions and provisions of this Amendment shall nevertheless remain in full force and effect so long as the economic
or legal substance of the transactions contemplated thereby is not affected in any manner materially adverse to either party. Upon
such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Amendment so as to effect the original intent of the parties as closely as possible in an
acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent possible.

 

    

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Amendment as of the date first above written.

 

	 	VELT INTRNATIONAL GROUP, INC.  
	 	 
	 	By: 	/s/ Ali Kasa
	 	 	Name: 	Ali Kasa 
	 	 	Title: 	President & CEO 
	 	 	 	 
	 	THF INTERNATIONAL (Hong Kong) LTD.  
	 	 
	 	By:	/s/ Tiew Soon Lim
	 	 	Name: 	Tiew Soon Lim
	 	 	Title: 	Director 
	 	 	 	 
	 	RURAL ASSET MANAGEMENT SERVICES INC. 
	 	 
	 	By: 	/s/ Alex Si
	 	 	Name: 	Alex Si
	 	 	Title: 	PresidentExhibit

Exhibit 10.1

June 17, 2018

Joshua G. James
c/o Domo, Inc.
722 East Utah Valley Drive
American Fork, UT 84003
Re: Confirmatory Employment Letter
Dear Josh:
This letter agreement (the “Agreement”) is entered into between Joshua G. James (“you”) and Domo, Inc. (the “Company” or “we”), effective as of June 17, 2018 (the “Effective Date”), to confirm the terms and conditions of your employment with the Company as of the Effective Date.  This Agreement supersedes and replaces any and all employment terms, compensation, or benefits you may have had or to which you may have been entitled prior to the Effective Date.
		
	1.
	Title; Position.  You will continue to serve as the Company’s Chief Executive Officer.  You also will continue to report to the Company’s Board of Directors and will perform the duties and responsibilities customary for such position and such other related duties as are lawfully assigned by the Company’s Board. By signing this Agreement, you confirm that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company. 

		
	2.
	Base Salary.  As of the Effective Date, your annual base salary will be $400,000, which will be payable, less any applicable withholdings, in accordance with the Company’s normal payroll practices.  Your annual base salary will be subject to review and adjustment from time to time by our Board or its Compensation Committee (the “Committee”), as applicable, in its sole discretion.

		
	3.
	Annual Bonus.  For the Company’s 2019 fiscal year, you will have the opportunity to earn a target annual cash bonus at least equal to 50% of your annual base salary earned during the fiscal year, based on achieving performance objectives established by the Board or Committee, as applicable, in its sole discretion and payable upon achievement of those objectives as determined by the Committee.  Unless determined otherwise by the Board or Committee, as applicable, any such bonus will be subject to your continued employment through and until the date of payment.  Your annual bonus opportunity and the applicable terms and conditions may be adjusted from time to time by our Board or the Committee, as applicable, in its sole discretion.

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	4.
	Equity Awards.  You will be eligible to receive awards of stock options, restricted stock units or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time.  The Board or Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.

		
	5.
	Employee Benefits.  You will continue to be eligible to participate in the benefit plans and programs established by the Company for its employees from time to time, subject to their applicable terms and conditions, including without limitation any eligibility requirements. The Company reserves the right to modify, amend, suspend or terminate the benefit plans and programs it offers to its employees at any time.

		
	6.
	Severance.  You will be eligible to enter into a Change in Control and Severance Agreement (the “Severance Agreement”) applicable to you based on your position within the Company.  The Severance Agreement will specify the severance payments and benefits you may become entitled to receive in connection with certain qualifying terminations of your employment with the Company.  These protections will supersede all other severance payments and benefits to which you otherwise may be entitled, or may become entitled in the future, under any plan, program or policy that the Company may have in effect from time to time.  For purposes of clarification, any severance benefits or arrangements that may have applied to you before the Effective Date no longer will apply and you will have no rights or entitlements under any such plans, programs, agreements or arrangements.

		
	7.
	Confidentiality Agreement. As an employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company.  To protect the interests of the Company, your acceptance of this Agreement confirms that the terms of the Company’s At‐Will Employment, Confidential Information, Invention Assignment, Nonsolicitation, and Arbitration Agreement you previously signed with the Company (the “Confidentiality Agreement”) still apply.

		
	8.
	At-Will Employment.  This Agreement does not imply any right to your continued employment for any period with the Company or any of its affiliates.  Your employment with the Company will continue to be “at will.” It is for no specified term, and may be terminated by you or the Company at any time, with or without cause or advance notice.    

		
	9.
	Protected Activity Not Prohibited.  Nothing in this Agreement or in any other agreement between you and the Company, as applicable, will in any way limit or prohibit you from engaging for a lawful purpose in any Protected Activity.  For purposes of this Agreement, “Protected Activity” means filing a charge, complaint, or report with, or otherwise communicating, cooperating, or participating in any investigation or proceeding that may be conducted by, any state, federal, or 

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local governmental agency or commission, including the U.S. Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National Labor Relations Board (the “Government Agencies”).  You understand that in connection with such Protected Activity, you are permitted to disclose documents or other information as permitted by law, and without giving notice to, or receiving authorization from, the Company.  Notwithstanding the foregoing, you agree to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute Company confidential information under the Confidentiality Agreement to any parties other than the Government Agencies.  You further understand that “Protected Activity” does not include the disclosure of any Company attorney-client privileged communications.  Any language in the Confidentiality Agreement regarding your right to engage in Protected Activity that conflicts with, or is contrary to, this paragraph is superseded by this Agreement.  In addition, pursuant to the Defend Trade Secrets Act of 2016, you are notified that an individual will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal, state, or local government official (directly or indirectly) or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if (and only if) such filing is made under seal.  In addition, an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the individual’s attorney and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.  
		
	10.
	Miscellaneous.  This Agreement, together with the Confidentiality Agreement, the Severance Agreement and any outstanding equity awards granted to you by the Company under its 2011 Equity Incentive Plan and the applicable award agreements thereunder, constitute the entire agreement between you and the Company regarding the material terms and conditions of your employment, and they supersede and replace all prior negotiations, representations or agreements between you and the Company.  This Agreement may be modified only by a written agreement signed by you and a duly authorized officer of the Company.

[Signature page follows]

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To confirm the current terms and conditions of your employment, please sign and date in the spaces indicated and return this Agreement to me.  
	
					
	 
	 
	 
	Sincerely,

	 
	 
	 
	 
	 

	 
	 
	 
	Domo, Inc.

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Daniel Stevenson

	 
	 
	 
	 
	Chief Legal Officer

	 
	 
	 
	 
	17-Jun-2018

	Agreed to and accepted:  
	 
	 
	 

	 
	 
	 
	 
	 

	/s/ Joshua G. James    
	 
	 
	 

	Joshua G. James
	 
	 
	 

	 
	 
	 
	 
	 

	Dated:
	17-Jun-2018    
	 
	 
	 

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