Document:

EX-10.2

 Exhibit 10.2 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of the 18th day of March, 2015, by and between
Heritage Bank USA, Inc. (the “Bank”) and Paul Michael Foley III (the “Employee”). 
 WHEREAS, the Employee and the Bank
previously entered into an employment agreement dated as of November 23, 2011 (the “Prior Agreement”); and 
 WHEREAS, the
Employee and the Bank desire to amend and restate the Prior Agreement in its entirety; and 
 WHEREAS, the Employee and the Bank acknowledge
and agree that this Agreement shall supersede the Prior Agreement and all prior agreements and understandings (whether written or oral) between the Bank and the Employee with respect to the subject matter herein; and 

WHEREAS, the Employee serves in a position of substantial authority; and WHEREAS, the Bank desires to ensure the Employee’s services for
the term of this Agreement; and 
 WHEREAS, the Employee is willing to continue to serve in the employ of the Bank on the terms and
conditions set forth below, and the Board of Directors of the Bank (the “Board”) has determined that such terms and conditions are reasonable and in the best interests of the Bank. 

NOW, THEREFORE, it is AGREED as follows: 

1. Employment. The Employee shall continue to be employed by the Bank as its Senior Vice President, Chief Credit Officer. Except to the
extent that the President and Chief Executive Officer of the Bank shall have delegated a portion of such authority to one or more other officers, as Sr. Vice President, Chief Credit Officer of the Bank the Employee shall have the duties outlined in
Appendix A hereto. The Employee shall also promote, by entertainment or otherwise, as and to the extent permitted by law, the business of the Bank. 

2. Base Compensation. The Bank agrees to pay the Employee as Vice President, Chief Credit Officer during the term of this Agreement a
salary (the “Base Salary”) at the rate of $191,100 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee’s Base Salary, and in its sole discretion
may decide to increase his Base Salary. 
 3. Discretionary Bonuses. The Employee shall participate in an equitable manner with all
other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for
the Employee’s right to participate in such discretionary bonuses. 

 4. (a) Participation in Retirement, Medical and Other Plans. The Employee shall
be entitled to participate in any plan that the Bank maintains for the benefit of its employees if the plan relates to (i) pension, profit-sharing, or other retirement benefits, (ii) medical insurance or the reimbursement of medical or
dependent care expenses, or (iii) other group benefits, including disability and life insurance plans. 
 (b) Employee Benefits.
The Employee shall participate in any fringe benefits that are or may become available to the Bank’s senior management employees, including, for example: any stock option or incentive compensation plans and any other benefits that are
commensurate with the responsibilities and functions to be performed by the Employee under this Agreement. 
 (c) Expenses. The
Employee shall be reimbursed for all reasonable out-of-pocket business expenses that he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with the policies of the Bank. 

5. Term. The Bank hereby employs the Employee, and the Employee hereby accepts such employment under this Agreement, for the period
commencing on the date hereof and ending June 30, 2018 (or such earlier date as is determined in accordance with Section 9 hereof). Additionally, prior to July 1 of each year beginning in 2016, the Employee’s term of employment
and this Agreement shall be extended for an additional one-year period beyond the then effective expiration date; provided, however, that the Compensation Committee of the Board determines in a duly adopted resolution that the performance of the
Employee has met the Board’s requirements and standards and that the term of this Agreement shall be extended. Prior to July 1 of each such year, the Compensation Committee and the Board shall meet to review the Employee’s performance
and determine whether the term of this Agreement shall be extended. By written notice, the Board or the Chief Executive Officer will inform the Employee no later than July 1 whether the Board has determined to extend the term of this Agreement,
and if the Employee is not so notified, the term of this Agreement shall be deemed to have been extended. 
 6. Loyalty; Full Time and
Attention. 
 (a) During the period of his employment hereunder and except for illness, reasonable vacation periods, and reasonable
leaves of absence, the Employee shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided that, from time to time, the Employee may serve on the board of directors of, and
hold any other offices or positions in, companies or organizations, that will not present any conflict of interest with the Bank or any of its subsidiaries or affiliates, or unfavorably affect the performance of Employee’s duties pursuant to
this Agreement, or will not violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the term of his
employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank, or be gainfully employed in any other position or job other than as provided above. 

(b) Nothing contained in this Section 6 shall be deemed to prevent or limit the Employee’s right to invest in capital stock or other
securities of any business dissimilar from that of the Bank, or, solely as a passive or minority investor, in any business. 

  
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 7. Standards. The Employee shall perform his duties under this Agreement in accordance
with such reasonable standards as the Board may establish from time to time. The Bank will provide the Employee with the working facilities and staff customary for similar executive officers and necessary for him to perform his duties. 

8. Vacation and Sick Leave. The Employee shall be entitled, without loss of pay, to absent himself voluntarily from the performance of
his duties under this Agreement in accordance with the terms set forth below, all such voluntary absences to count as vacation time; provided that: 

(a) The Employee shall be entitled to an annual vacation in accordance with the policies periodically established by the Board for senior
management employees at the Bank. 
 (b) The Employee shall not receive any additional compensation from the Bank on account of his failure
to take a vacation, and the Employee shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the Board. 

(c) In addition to the aforesaid paid vacations, the Employee shall be entitled without loss of pay, to absent himself voluntarily from the
performance of his employment obligations with the Bank for such additional periods of time and for such valid and legitimate reasons as the Board may in its discretion approve. Further, the Board may grant to the Employee a leave or leaves of
absence, with or without pay, at such time or times and upon such terms and conditions as the Board in its discretion may determine. 
 (d)
In addition, the Employee shall be entitled to an annual sick leave benefit as established by the Board. 
 9. Termination and
Termination Pay. Subject to Section 11 hereof, the Employee’s employment hereunder may be terminated under the following circumstances: 

(a) Death. The Employee’s employment under this Agreement shall terminate upon his death during the term of this Agreement, in
which event the Employee’s estate shall be entitled to receive the compensation due the Employee through the last day of the calendar month in which his death occurred. 

(b) Disability. The Bank may terminate the Employee’s employment after having established, through a determination by the Board,
the Employee’s Disability. For 

  
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purposes of this Agreement, “Disability” means a physical or mental infirmity that impairs the Employee’s ability to substantially perform his duties under this Agreement and that
results in the Employee becoming eligible for long-term disability benefits under the Bank’s long-term disability plan (or, if the Bank has no such plan in effect, that impairs the Employee’s ability to substantially perform his duties
under this Agreement for a period of 180 consecutive days). The Employee shall be entitled to the compensation and benefits provided for under this Agreement for (i) any period during the term of this Agreement and prior to the establishment of
the Employee’s Disability during which the Employee is unable to work due to the physical or mental infirmity or (ii) any period of disability that is prior to the Employee’s termination of employment pursuant to this
Section 9(b); provided, however, that any benefits paid pursuant to the Bank’s long-term disability plan will continue as provided in such plan. 

(c) For Just Cause. The Board may, by written notice to the Employee, immediately terminate his employment at any time, for Just Cause.
The Employee shall have no right to receive compensation or other benefits for any period after termination for Just Cause. Termination for “Just Cause” shall mean termination because of, in the good faith determination of the Board, the
Employee’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations
or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement. Notwithstanding the foregoing, the Employee shall not be deemed to have been terminated for Just Cause unless there shall have been
delivered to the Employee a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board (excluding the Employee if a member of the Board) at a meeting of the Board called and held for
that purpose (after reasonable notice to the Employee and an opportunity for the Employee to be heard before the Board), finding that in the good faith opinion of the Board the Employee was guilty of conduct set forth above in the second sentence of
this Section 9(c) and specifying the particulars thereof in detail. 
 (d) Without Just Cause. The Board may, by written notice
to the Employee, immediately terminate his employment at any time for any reason; provided that, if such termination is for any reason other than pursuant to Sections 9(a), (b) or (c) above, the Employee shall be entitled to receive the
Base Salary provided pursuant to Section 2 hereof as of the date of termination, up to the date of expiration of the current term (including any renewal term then in effect) of this Agreement. Said sum shall be paid in one lump sum within 10
days of such termination. 
 (e) Termination or Suspension Under Federal Law. 

(1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued
under the Federal Deposit Insurance Act (“FDIA”), all obligations of the Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the parties shall not be affected. 

  
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 (2) If the Bank is in default (as defined in Section 3(x)(1) of FDIA), all obligations
under this Agreement shall terminate as of the date of default; however, this Paragraph 9(e)(2) shall not affect the vested rights of the parties. 

(3) If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice
served under the FDIA, the Bank’s obligations under this Agreement shall be suspended as of the date of such service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion
(A) pay the Employee all or part of the compensation withheld while its contract obligations were suspended, and (B) reinstate (in whole or in part) any of its obligations that were suspended. 

(f) Voluntary Termination by Employee. The Employee may voluntarily terminate employment with the Bank during the term of this
Agreement, upon at least 60 days’ prior written notice to the Board, in which case the Employee shall receive only his compensation, vested rights and employee benefits accrued up to the date of his termination. 

(g) Limitation by Section 18(k) of the FDIA. Any payments made to the Employee pursuant to this Agreement, or otherwise, are
subject to and conditioned upon their compliance with 12 U.S.C. § 1828(k) and FDIC regulation 12 CFR Part 359, Golden Parachutte and Indemnification Payments. 

10. No Mitigation. The Employee shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking
other employment or otherwise, and no such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Employee in any subsequent employment. 

11. Change in Control. 

(a) Notwithstanding any provision herein to the contrary, if the Employee’s employment under this Agreement is terminated by the Bank,
without the Employee’s prior written consent and for a reason other than for Just Cause, death or disability, or the Employee resigns for Good Reason in connection with or within 12 months after any change in control of the Bank or HopFed
Bancorp, Inc. (the “Company”), the Employee shall be paid an amount equal to 2.9 times the Employee’s Base Salary as of the date of termination. Said sum shall be paid in one lump sum within 10 days of such termination. The term
“change in control” shall mean (1) a change in the ownership, holding or power to vote more than 25% of the voting stock of the Bank or of the Company, (2) a change in the ownership or possession of the ability to control the
election of a majority of the Bank’s or the Company’s directors, or (3) a change in the ownership or possession of the ability to exercise a controlling influence over the management or policies of the Bank or the Company by any
person or by persons acting as a “group” (within the meaning of Section 13(d) of the Securities Exchange Act of 1934), except that, in the case of (1), (2) and (3) hereof, ownership or control of the Bank or its directors by
the Company itself shall not constitute a change in control. The term “person” means an individual other than the Employee, or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship,
unincorporated organization or any other form of entity not 

  
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specifically listed herein. Termination by the Employee for “Good Reason” as used herein shall mean, termination by the Employee based on: (1) without the Employee’s express
written consent, a material reduction by the Bank of the Employee’s Base Salary as the same may be increased from time to time; (2) without the Employee’s express written consent, a material diminution in the Employee’s
authority, duties, or responsibilities; (3) a material diminution in the authority, duties or responsibilities of the supervisor to whom the Employee is required to report; (4) the principal executive office of the Bank is relocated more
than thirty (30) miles from Hopkinsville, Kentucky, or the Bank requires the Employee to be based anywhere other than an area in which the Bank’s principal executive office is located, except for reasonably required travel on behalf of the
business of the Bank; or (5) the failure by the Bank to obtain the assumption of and agreement to perform this Agreement by any successor as contemplated in Section 13(a) hereof. The Employee must provide written notice to the Bank or its
successor of the existence of the condition that constitutes Good Reason within 90 days of the initial existence of such condition. The Bank shall have 30 days after receipt of such notice to remedy the condition, and, if remedied, the Employee
shall not be entitled to be paid the benefits described in this Section 11 in connection with the Employee’s termination of employment. 

(b) Notwithstanding any contrary provision in this Agreement, in the event that it shall be determined (as hereinafter provided) that any
payment or distribution by the Company, the Bank, or any of their subsidiaries to or for the benefit of Employee, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise pursuant to or by reason
of any other agreement, policy, plan, program or arrangement including, without limitation, any restricted stock or similar right or the lapse or termination of any restriction on, or the vesting or exercisability of, any of the foregoing (the
“Total Payment”), would be subject, but for the application of this Section 11(b), to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor provision
thereto (the “Excise Tax”), by reason of being considered “contingent on a change in ownership or control” of the Company, within the meaning of Code Section 280G(b)(2), or any successor provision thereto, then 

(i) if the After-Tax Payment Amount would be greater by reducing the amount of the Total Payment otherwise payable to Employee
to the minimum extent necessary (but in no event less than zero) so that, after such reduction, no portion of the Total Payment would be subject to the Excise Tax, then the Total Payment shall be so reduced; and 

(ii) if the After-Tax Payment Amount would be greater without the reduction then there shall be no reduction in the Total
Payment. 
 As used in this Section 11(b), “After-Tax Payment Amount” means (i) the amount of the Total Payment, less
(ii) the amount if federal income taxes payable with respect to the Total Payment calculated at the maximum marginal income tax rate for each year in which the Total Payment shall be paid to Executive (based upon the rate in effect for such
year as set forth in the Code at the time of the Total Payment), less (iii) the amount of the Excise Tax, if any, imposed on the Total Payment. For purposes of any reduction made under this Section 11(b), the portion of the Total Payment
that shall be reduced shall be those that provide Employee the best economic benefits, and to the extent any individual components of the Total Payment are economically equivalent, each shall be reduced pro rata. 

  
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 (c) In the event that any dispute arises between the Employee and the Bank as to the terms or
interpretation of this Agreement, including this Section 11, whether instituted by formal legal proceedings or otherwise, including an action that the Employee takes to enforce the terms of this Section 11 or to defend against any action
taken by the Bank, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys’ fees, arising from such disputes or proceedings, provided that the Employee shall have obtained a final judgment by a court of
competent jurisdiction in his favor. Such reimbursement shall be paid within 10 days of the Employee’s providing the Bank with written evidence, which may be in the form, among others, of a canceled check or receipt, of any costs or expenses
incurred by the Employee. 
 12. Non-Interference. Upon termination of employment other than in connection with or within 12 months
after any change in control of the Company or the Bank (as defined in Section 11(a)), the Employee agrees that the Employee will not initiate contact with any of the employees of the Company or the Bank with whom he had contact during the
course of his employment with the Bank for the purpose of soliciting such employee for hire, whether as an employee or independent contractor, or otherwise, disrupting such employee’s relationship with the Company or the Bank. 

13. Successors and Assigns. 

(a) This Agreement shall inure to the benefit of and be binding upon any corporate or other successor of the Bank that shall acquire, directly
or indirectly, by merger, consolidation, purchase or otherwise, all or substantially all of the assets or stock of the corporation. 
 (b)
Since the Bank is contracting for the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Bank. 

14. Amendments. No amendments or additions to this Agreement shall be binding unless made in writing and signed by all of the parties,
except as herein otherwise specifically provided. 
 15. Applicable Law. This Agreement shall be governed in all respects, whether as
to its validity, construction, capacity, performance or otherwise, by the laws of the Commonwealth of Kentucky, except to the extent that Federal law shall be deemed to apply. 

16. Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision
shall not affect the validity or enforceability of the other provisions hereof. 

  
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 17. Entire Agreement. This Agreement, together with any understanding or modification
hereof as agreed to in writing by the parties, shall constitute the entire agreement between the parties hereto. 
 18. Section 409A
of the Internal Revenue Code. The severance payments provided in this Agreement are intended to qualify as short-term deferrals under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance
thereunder. 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written. 

 

							
	ATTEST:				HERITAGE BANK USA, INC.
				
	 /s/ Michael L. Woolfolk
				By:		 /s/ John E. Peck

	Secretary						John E. Peck, President and Chief Executive Officer
			
	WITNESS:				EMPLOYEE
			
	 /s/ Angela Ford
				 /s/ P. Michael Foley

					Paul Michael Foley III

  
 8Exhibit 10.1

 

STOCK PURCHASE AGREEMENT

 

This is an Agreement,
entered into on February 28, 2015 (the “Effective Date”), by and between persons and/or entities listed on Exhibit
A, and EZ Link Corporation, a logistics company organized under the laws of Taiwan, Republic of China
collectively the (“Buyers”), and International Packaging and Logistics
Group Inc (“IPL”), a corporation organized under the laws of Nevada with principle executive offices located at 7700
Irvine Center Dr., Suite 870, Irvine, California 92618 (the “Seller”).

 

Background

 

A.The buyers own
49% of EZ Link Corporation and desire to purchase the 51% of the EZ Link Corporation (“EZ
Link”) held by the Seller.

 

B.Seller has agreed
to sell to Buyer, and Buyer has agreed to purchase from Seller, such 51% interest in EZ Link.

 

NOW, THEREFORE,
intending to be legally bound, the parties agree as follows:

 

Acquires of 51%
Interest.

 

Acquired Shares of
Stock. Upon the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, conveys and delivers to Buyers,
and Buyer hereby purchases, accepts and acquires from Seller, free and clear of any and all liens or encumbrances of any kind whatsoever,
fifty-one percent (51%) of the EZ Link Shares, or 688,500 Company Shares in the aggregate, to Buyers (the “Acquired Shares”):

 

Purchase Price and
Payment.

 

	2.1		Common Shares. The first part of the purchase price for the Acquired shares shall
be paid in 457,143 common shares of IPL (the “Common Shares”) as of the closing date. Such shares shall bear
the appropriate restrictions.

	2.2		Preferred Shares. The second part of the purchase price shall be paid in IPL Series
B Convertible Preferred Shares (the “Preferred Shares”)

 

Closing.

 

Time and Place of
Closing. The closing of the transactions described in this Agreement “Closing”) shall take place on March 6, 2015
or at such other time as the parties may mutually agree (the “Closing Date”).

 

Seller’s Representations
and Warranties. Seller hereby makes the following representations and warranties to Buyer, each of which shall survive the
Closing:

 

Corporate Organization.
Except as stated on Schedule 4.1, Seller is duly organized, validly existing, and in good standing under the laws of the
State of Nevada and has qualified to do business in each jurisdiction where such qualification is required. Seller has all requisite
corporate power and authority and all necessary licenses and permits to conduct its business as now conducted and to own, lease,
and operate the assets and properties now owned, leased, or operated by it.

 

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Compliance with Laws.
Seller has complied with all applicable laws in the operation of its business and has not received any notice of violation of any
law, ordinance, rule, regulation, or order which has a material adverse affect on or, so far as any of them can now reasonably
foresee, could reasonably be expected to in the future to have a material adverse affect on the Acquired Assets.

 

Buyer’s Representations
and Warranties. Buyer hereby makes the following representations and warranties to Seller, each of which shall survive the
Closing:

 

Enforceable Agreement
- this Agreement has been duly executed and delivered by the Purchaser and constitutes a legal, valid and binding obligation of
the Buyer, enforceable by the Seller against the Buyer in accordance with its terms, subject to the availability of equitable remedies
and the enforcement of creditors' rights generally;

 

Bankruptcy and Insolvency
Matters – No action or proceeding has been commenced or filed by or against the Buyer which seeks or may lead to bankruptcy
or any other similar proceeding in respect of the Buyer. No such action or proceeding has been authorized or is being considered
by or on behalf of the Buyer and no creditor or equity security holder of the Buyer has, to the knowledge of the Buyer, threatened
to commence or advise that it may commence, any such action or proceeding;

 

Broker's Fees
– The Buyer has not incurred any obligation or liability, contingent or otherwise for broker's or finder's fees in respect
of the transaction herein provided for which the Vendor shall have any obligation and liability;

 

Consents –
no approval, consent, order, authorization or other action by, or notice to or filing with, any governmental authority or regulatory
or self regulatory agency, or any other person or entity, and no lapse of a waiting period, is required in connection with the
execution, delivery or performance by the Buyer of this Agreement; and

 

Litigation - there
is no action, suit, proceeding or investigation pending or currently threatened against the Buyer its affiliates that questions
the validity of this Agreement or the right of the Buyer to enter into this Agreement or to consummate, or cause to be consummated,
the transactions contemplated hereby.

 

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Indemnifications.

 

Indemnification By
Seller. Seller shall defend, hold harmless, and indemnify Buyer and its employees, officers, and managers, and members against
all liabilities, damages, losses, claims, judgments and expenses (including reasonable attorneys’ fees and related costs)
arising from (i) the conduct of Seller’s business; or (ii) a breach by Seller of any of the covenants, agreements, warranties
or representations contained in this Agreement.

 

Indemnification by
Buyer. Buyer shall defend, hold harmless, and indemnify Seller and its employees, officers, directors, and shareholders against
all liabilities, damages, losses, claims, judgments and expenses (including reasonable attorneys’ fees and related costs)
arising out of (i) the conduct of Buyer’s business; or (ii) a breach by Buyer of any of the covenants, agreements, warranties
or representations contained in this Agreement.

 

Miscellaneous.

 

Amendments; Waivers.
No amendment, modification, or waiver of any provision of this Agreement shall be binding unless in writing and signed by the party
against whom the operation of such amendment, modification, or waiver is sought to be enforced. No delay in the exercise of any
right shall be deemed a waiver thereof, nor shall the waiver of a right or remedy in a particular instance constitute a waiver
of such right or remedy generally.

 

Notices. Any notice
or document required or permitted to be given under this Agreement shall be deemed to be given on the date such notice is (i) deposited
in the United States mail, postage prepaid, certified mail, return receipt requested, (ii) deposited with a commercial overnight
delivery service with delivery fees paid, or (iii) transmitted by facsimile or electronic mail with transmission acknowledgment,
to the following addresses or such other address or addresses as the parties may designate from time to time by notice satisfactory
under this section:

 

Buyer: 

 

Seller:

 

Governing Law.
This Agreement shall be governed by the internal laws of Nevada without giving effect to the principles of conflicts of laws. Each
party hereby consents to the personal jurisdiction of the state or California, and agrees that all disputes arising from this Agreement
shall be prosecuted in such courts. Each party hereby agrees that any such court shall have in personam jurisdiction over such
party and consents to service of process by notice sent by regular mail to the address set forth above and/or by any means authorized
by Nevada law.

 

Language Construction.
The language of this Agreement shall be construed in accordance with its fair meaning and not for or against any party. The parties
acknowledge that each party and its counsel have reviewed and had the opportunity to participate in the drafting of this Agreement
and, accordingly, that the rule of construction that would resolve ambiguities in favor of non-drafting parties shall not apply
to the interpretation of this Agreement.

 

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No Offer. The
submission of this Agreement by any party for the review and/or execution by another party does not constitute an offer or reservation
of rights for the benefit of any party. This Agreement shall become effective, and the parties shall become legally bound, only
if and when all parties have executed this Agreement.

 

Payment of Fees.
In the event of a dispute arising under this Agreement, the prevailing party shall be entitled to recover reasonable attorneys
fees and costs, provided that if a party prevails only in part the court shall award fees and costs in accordance with the relative
success of each party.

 

Signature in Counterparts.
This Agreement may be signed in counterparts, each of which shall be deemed to be a fully-executed original.

 

Signature by Facsimile.
An original signature transmitted by facsimile shall be deemed to be original for purposes of this Agreement.

 

Assignment. Neither
party to this Agreement shall assign its rights or duties hereunder without the prior written consent of the other party. Any attempted
assignment without such prior written consent shall be null and void.

 

No Third Party Beneficiaries.
Except as otherwise specifically provided in this Agreement, this Agreement is made for the sole benefit of the parties. No other
persons shall have any rights or remedies by reason of this Agreement against any of the parties or shall be considered to be third
party beneficiaries of this Agreement in any way.

 

Binding Effect.
This Agreement shall inure to the benefit of the respective heirs, legal representatives and permitted assigns of each party, and
shall be binding upon the heirs, legal representatives, successors and assigns of each party.

 

Titles and Captions.
All article, section and paragraph titles and captions contained in this Agreement are for convenience only and are not deemed
a part of the context hereof.

 

Pronouns and Plurals.
All pronouns and any variations thereof are deemed to refer to the masculine, feminine, neuter, singular or plural as the identity
of the person or persons may require.

 

Entire Agreement.
This Agreement constitutes the entire agreement between the parties with respect to its subject matter and supersedes all prior
agreements and understandings.

 

IN WITNESS WHEREOF, the Parties hereto have executed
this Agreement, as of the date first written hereinabove.

 

 

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INTERNATIONAL PACKAGING AND LOGISTICS GROUP INC. 

 

The Seller

 

/s/ Owen Naccarato

 

By: Owen Naccarato

Its: Chief Executive Officer

 

 

EZ LINK CORP. (易達聯運股份有限公司)

 

/s/ Michael Chao

 

By: Michael Chao

Its: Managing Director

Company Uniform Code: 80495519

Company Stamp:

 

 

THE BUYERS:

 

/s/ WU CHIA CHEN

 

WU CHIA CHEN (吳佳珍)

ROC ID N220593135

 

/s/ YEH YEN EWI

 

YEH YEN EWI (葉彥葦)

ROC ID A122395590

 

/s/ CHAO WEN HUA

 

CHAO WEN HUA (趙文華)

ROC ID G120526824

 

/c/ HSU FANG CHI

 

HSU FANG CHI (許芳琪)

ROC ID Q221561693

 

 

    	5

    	 

    

 

EXHIBIT A

 

SHAREHOLDERS OF EZ LINK CORP. (易達聯運股份有限公司)

 

 

Name

 

WU CHIA CHEN (吳佳珍)

 

YEH YEN WEI (葉彥葦)

 

CHAO WIN HUA (趙文華)

 

HSU FANG CHI (許芳琪)

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