Document:

Exhibit 4.1

 

Dated the 5th day of February 2019

 

KWOK MAN YEE ELVIS

(as Vendor)

 

and

 

Paris Sky Limited 

(as Purchaser) 

 

	
         

        SHARE EXCHANGE AGREEMENT

        in respect of 100% of the issued share capital
        of

        VISION LANE LIMITED

         

 

     

     

    

 

TABLE OF CONTENTS

 

	Clause	Headings	Page
	 	 	 
	1.	DEFINITIONS AND INTERPRETATION	1
	2.	SALE AND PURCHASE OF SALE SHARES	4
	3.	CONSIDERATION	4
	4.	CONDITIONS PRECEDENT	4
	5.	COMPLETION	5
	6.	REPRESENTATIONS AND WARRANTIES	7
	7.	FURTHER ASSURANCE	8
	8.	RESTRICTIONS ON COMMUNICATION AND ANNOUNCEMENTS	8
	9.	PARTIAL INVALIDITY	9
	10.	COSTS AND EXPENSES	9
	11.	ASSIGNMENT	9
	12.	CONTINUING EFFECT OF AGREEMENT	9
	13.	GENERAL	9
	14.	NOTICES	10
	15.	COUNTERPARTS	11
	16.	LAW AND JURISDICTION	11
	SCHEDULE
    1	 PARTICULARS OF THE COMPANY	13
	SCHEDULE 2	 VENDOR WARRANTIES	14
	SCHEDULE 3	 PURCHASER WARRANTIES	24
	SCHEDULE 4	 LITIGATION SEARCH
RESULTS	25

  

     

     

    

 

THIS AGREEMENT is made on the 5th
day of February 2019

 

BETWEEN

 

		(1)	Kwok Man Yee Elvis with Hong Kong identity card number Z014**** whose residential address
is situated at 1015, 10/F, Ocean Centre, 5 Canton Road, Kowloon, Hong Kong ( the “Vendor”);

 

		AND	

 

		(2)	Paris Sky Limited, a company incorporated with limited liability in the Republic of Marshall
Islands, whose registered office is situated at Trust Company Complex, Ajeltake Island, Majuro, the Republic of Marshall Islands
(the “Purchaser”).

 

WHEREAS:

 

		(A)	As at the date of this Agreement, the Company (particulars of which are set out in Schedule 1)
has an issued share capital of US$100 divided into 100 issued and fully paid shares. The Company is owned as to 100% by the Vendor.

 

		(B)	As at the date of this Agreement, the Purchaser is a wholly owned subsidiary of SGOCO.

 

		(C)	The Vendor has agreed to sell, and the Purchaser has agreed to purchase, the Sale Shares upon the
terms and conditions set out in this Agreement.

 

		(D)	Upon Completion, the Company will be owned as to 100% by the Purchaser.

 

NOW IT IS HEREBY AGREED as follows:

 

		1.	DEFINITIONS AND INTERPRETATION

 

	1.1	In this Agreement (including the Recitals and the Schedules), the following expressions shall,
unless the context otherwise requires, have the following meanings:

 

	 	
        “Agreement”

         
	
        this share exchange agreement (including
        its Recitals and Schedules), as may be amended or supplemented from time to time;

         

	 	
        “business day”

         
	
        a day (other than Saturday) on which banks
        are open in Hong Kong for general banking business;

         

	 	
        “Company”

         

         
	
        Vision Lane Limited, a company incorporated
        in British Virgin Islands with limited liability, particulars of which are set out in Schedule 1;

         

	 	
        “Completion”

         
	
        completion of the sale and purchase of
        the Sale Shares pursuant to Clause 5;

         

	 	
        “Consideration Shares”

         
	has the meaning ascribed to it in Clause 3.2;

 

    	1

     

    

 

	 	
        “Completion Date”

         
	
        three (3) business days following the date
        on which all the Conditions Precedent are fulfilled or waived (as the case may be);

         

	 	
        “Conditions Precedent”

         
	
        the conditions precedent set out in Clause
        4;

         

	 	
        “Consideration”

         
	
        has the meaning ascribed to it in Clause
        3.1;

         

	 	
        “Consideration Shares”

         
	
        has the meaning ascribed to it in Clause
        3.2;

         

	 	“Deposits”	
        means the two (2) payments of HK$25,000,000
        each made by the Purchaser to Giant Connection Limited for and on behalf of the Vendor on 4th October 2018 and 10th
        December 2018 respectively pursuant to the Letter of Intent between the Vendor and Giant Connection Limited dated 3rd
        October 2018;

         

	 	“Existing Encumbrances”	
        means the existing Encumbrances or security
        interest created over the landed asset of the Company owing and outstanding immediately prior to the Completion;

         

	 	
        “Encumbrance”

         
	
        any option, right to acquire, right of
        pre-emption, mortgage, charge, pledge, lien, hypothecation, title retention, right of set off, counterclaim, trust arrangement
        or other security or any equity or restriction;

         

	 	
        “HK$”

         
	Hong Kong dollars, the lawful currency of Hong Kong;
	 	 “HKIAC”	
        Hong Kong International Arbitration Centre;

         

	 	
        “Hong Kong”

         
	
        the Hong Kong Special Administrative Region
        of the PRC;

         

	 	“Inland Revenue Ordinance”	
        Inland Revenue Ordinance (Chapter 112 of
        the Laws of Hong Kong);

         

	 	
        “Long Stop Date”

         
	
        31 March 2019 or such later date as may
        be agreed between the Vendor and the Purchaser;

         

	 	
        “Management Accounts”

         
	
        the unaudited management accounts of the
        Company comprising the income statement for such period after the Accounts Date and up to the Management Accounts Date and the
        balance sheet as at the Management Accounts Date;

         

	 	
        “Management Accounts Date”

         
	
        31st December 2018;

         

	 	
        “NASDAQ”

         
	
        National Association of Securities Dealers
        Automated Quotations, the stock market in the USA;

         

	 	
        “Parties”

         
	
        parties to this Agreement and a “Party”
        means any one of them;

         

 

    	2

     

    

 

	 	
        “Purchaser Warranties”

         
	
        the representations, warranties and undertakings
        made by the Purchaser and contained in Clause 6 and Schedule 3;

         

	 	
        “Sale Shares”

         
	
        100 shares in the share capital of the
        Company, being 100% of its entire issued share capital as at the date of this Agreement;

         

	 	
        “SGOCO”

         
	
        SGOCO Group, Ltd., a company incorporated
        in the Cayman Islands whose shares are listed and traded on NASDAQ;

         

	 	
        “SGOCO Shares”

         
	
        ordinary shares of SGOCO, par value $0.004
        per share (or of such other securities as shall result from a subdivision, consolidation, re-classification or re-construction
        of such shares from time to time);

         

	 	
        “Taxation”

         
	
        all forms of tax, rate, levy, duty, charge,
        impost, fee, deduction or withholding of any nature now or hereafter imposed, levied, collected, withheld or assessed by any taxing
        or other authority in any part of the world and includes any interest, additional tax, penalty or other charge payable or claimed
        in respect thereof;

         

	 	“USA”	
        the United States of America;

         

	 	
        “US$”

         
	
        United States dollars, the lawful currency
        of the USA;

         

	 	
        “Vendor Warranties”

         
	
        the representations, warranties and undertakings
        made by the Vendor and contained in Clause 6 and Schedule 2;

         

	 	
        “Warranties”

         
	
        the Vendor Warranties and the Purchaser
        Warranties; and

         

	 	“%”	per cent.

 

		1.2	In this Agreement:

 

		(a)	references to costs, charges, remuneration or expenses shall include any value added tax, turnover
tax or similar tax charged in respect thereof;

 

		(b)	references to any action, remedy or method of judicial proceedings for the enforcement of rights
of creditors shall include, in respect of any jurisdiction other than Hong Kong, references to such action, remedy or method of
judicial proceedings for the enforcement of rights of creditors available or appropriate in such jurisdiction as shall most nearly
approximate thereto;

 

		(c)	words denoting the singular number only shall include the plural number also and vice versa;

 

		(d)	words denoting one gender only shall include the other genders and the neuter and vice versa;

 

		(e)	words denoting persons only shall include firms and corporations and vice versa;

 

    	3

     

    

 

 

		(f)	references to any provision of any statute shall be deemed also to refer to any modification or
re-enactment thereof or any instrument, order or regulation made thereunder or under such modification or re-enactment; and

 

		(g)	references to any document in the agreed form is to such document which has been initialed by the
parties for identification.

 

		1.3	Headings shall be ignored in construing this Agreement.

 

		1.4	The Recital and the Schedules are part of this Agreement and shall have effect accordingly.

 

		2.	SALE AND PURCHASE OF SALE SHARES

 

Subject to
the terms and conditions of this Agreement, the Vendor, as legal and beneficial owner, shall sell the Sale Shares to the Purchaser
and the Purchaser shall purchase the same from the Vendor free from all Encumbrances and third party rights of any kind and together
with all rights now or hereafter attaching thereto including the right to receive all dividends and distributions declared, made
or paid on or after the Completion Date.

 

	3.	CONSIDERATION
	 	 

	3.1	The aggregate consideration (the “Consideration”) of the Sale Shares to be paid
by the Purchaser to the Vendor is HK$96,940,000 (equivalent to US$12,428,205.13 adopting the exchange rate of US$1.00 = HK$7.8).
The balance of the Consideration after deducting the Deposits, i.e. HK$46,940,000, shall be satisfied by:

 

		(a)	the allotment and issue of the Consideration Shares (hereinafter defined) by SGOCO on the Completion
Date; and

 

		(b)	the payment of HK$8,164,000 by way of a cashier’s order drawn on a licensed bank in Hong
Kong and made payable to the Vendor or such other means as may be mutually agreed by the Parties.

 

		3.2	The Purchaser shall procure SGOCO to allot and issue 4,519,347 SGOCO Shares (the “Consideration
Shares”) to the Vendor (or their nominees) which is calculated using the formula of number of Consideration Shares =
40% x Consideration (in US$) ÷ US$1.10 (adopting the exchange
rate of US$1.00 = HK$7.8).

 

		4.	CONDITIONS PRECEDENT

 

		4.1	Completion shall be conditional upon the fulfillment of the following Conditions Precedent:

 

		(a)	all Vendor Warranties being true, accurate and not misleading at all material aspects at all times
between the date hereof and the Completion Date (as though they had been made on such dates by reference to the facts and circumstances
then subsisting);

 

		(b)	there having been no material adverse change, or any development likely to involve a prospective
material adverse change, in the condition (financial, operational or otherwise) or in the earnings, business affairs or business
prospects, assets or liabilities of the Company, whether or not arising in the ordinary course of business since the date of this
Agreement;

 

    	4

     

    

 

		(c)	save and except for the Existing Encumbrances, all loans or amounts due by the Company to its shareholder,
director or any other third party creditors having been fully waived or settled, save for the liabilities incurred in the ordinary
course of business after the date of this Agreement and before Completion;

 

		(d)	the Parties having conducted the due diligence exercise (legal and financial) on the Company and
the Purchaser being satisfied with the results thereof;

 

		(e)	NASDAQ having completed the review of this Agreement and having granted the approval for the listing
of, and the permission to deal in, the Consideration Shares, if required under NASDAQ continued listing rules and regulations;
and

 

		(f)	all necessary consents, approvals, permits and/or authorisations in respect of the transactions
contemplated under this Agreement having been obtained.

 

		4.2	All Conditions Precedent may be waived by the Parties by written consent.

 

		4.3	Each Party undertakes to the other Party to use its best endeavours to ensure that the Conditions
Precedent in Clause 4.1 are fulfilled as early as practicable and in any event not later than the Long Stop Date.

 

		4.4	Each Party undertakes to provide all reasonable assistance to the other Party to fulfill the Conditions
Precedent in Clause 4.1 in accordance with Clause 4.3.

 

		4.5	If the Conditions Precedent have not been fulfilled or waived (as the case may be) on or before
the Long Stop Date, this Agreement will lapse and become null and void and the Parties will be released from all obligations hereunder,
save for liabilities for any antecedent breaches hereof.

 

		5.	COMPLETION

 

		5.1	Completion shall take place at W K Sun Solicitors, 1015, 10/F, Ocean Centre, 5 Canton Road, Tsim
Sha Tsui, Kowloon, Hong Kong at 9.a.m. am on the Completion Date (or at such other place, on such other time and/or day as the
Parties may agree).

 

		5.2	At Completion, the Vendor shall:

 

		(a)	deliver or cause to be delivered to the Purchaser and/or its nominee:

 

		(i)	evidence reasonably satisfactory to the Purchaser that the Conditions Precedent in Clause 4.1 (which
are applicable to the Vendor) of this Agreement have been fulfilled;

 

		(ii)	the instrument(s) of transfer and the bought and sold notes of the Sale Shares duly executed by
the Vendor as registered holder thereof in favour of the Purchaser or its nominee together with the related share certificate(s);

 

		(iii)	draft register of members of the Company reflecting the shareholding of the Company after Completion;

 

    	5

     

    

 

		(iv)	(1)	 all statutory records
                                                                                                                     and minute books (which shall be duly written up to date as at Completion) and accounting records including an
                                                                                                                     original copy of the memorandum and articles of association or other equivalent constitutional documents, certificate
                                                                                                                     of incorporation and business registration certificates, business licence, governmental approval letters and certificates (if any), common seal, authorised chops, share certificate books and other statutory records of the
                                                                                                                     Company;

 

	 		(2)	all tax returns and assessments of the Company (if applicable)
(receipted where the due dates for payment fell on or before the Completion Date);

 

		(3)	copies of all correspondence, if any, with its lawyers, accountants, tax or revenue departments,
all other documents and correspondence, if any, relating to the business affairs of the Company; and all title deeds, evidence
of ownership and documents relating to assets owned by the Company save and except the Existing Encumbrances;

 

provided that
the above shall be deemed to have been delivered if they are located at the registered office or principal place of business of
the Company;

 

		(v)	resignation letter of the director of the Company, in the form and substances reasonably satisfied
by the Purchaser;

 

		(vi)	such other documents as may be reasonably required by the Purchaser to, among other things, give
good title to the Sale Shares free from all Encumbrances and third party rights of any kind and to enable the Purchaser or its
nominees to become the registered holder thereof; and

 

		(vii)	a certified true copy of the resolutions of the sole director of the Company approving the matters
set out in Clause 5.2(b);

 

		(b)	procure that the following businesses shall be approved in the sole director’s resolution
of the Company:

 

		(i)	the director of the Company shall approve the transfer of the Sale Shares and the Purchaser or
its nominee shall be duly registered as the holder of the Sale Shares in the register of members of the Company, subject to the
memorandum and articles of association of the Company;

 

		(ii)	the director of the Company shall approve the resignation of the existing director of the Company,
prior to the Completion and the appointment of the directors nominated by the Purchaser;

 

		(iii)	the director of the Company shall resolve that the share certificate in respect of the Sale Shares
be duly issued and delivered to the Purchaser and/or its nominee; and

 

    	6

     

    

 

		(iv)	the director of the Company shall approve the director to do all such acts and things and to sign
any documents reasonably required to give effect to the transaction as contemplated under this Agreement.

 

		5.3	At Completion, against compliance with the provisions of Clause 5.2, the Purchaser shall deliver
or cause to be delivered to the Vendor:

 

		(a)	a certified copy of the resolutions passed by the board of directors of the Purchaser approving
the execution and performance of this Agreement;

 

		(b)	evidence reasonably satisfactory to the Vendor that the Conditions Precedent in Clause 4.1 (which
are applicable to the Purchaser) of this Agreement have been fulfilled;

 

		(c)	the instrument(s) of transfer and the bought and sold notes of the Sale Shares duly executed by
the Purchaser or its nominee;

 

		(d)	a copy of the board resolutions of SGOCO approving the allotment and issue of the Consideration
Shares; and

 

		(e)	the share certificate and other documents as may be reasonably required to give good title to the
Consideration Shares free from all Encumbrances and third party rights of any kind and to enable the Vendor or his nominees to
become the registered holders thereof.

 

		6.	REPRESENTATIONS AND WARRANTIES

 

		6.1	The Purchaser hereby represents, warrants and undertakes to the Vendor in the terms set out in
this Clause 6 and Schedule 3.

 

		6.2	The Vendor hereby represents, warrants and undertakes to the Purchaser in the terms set out in
this Clause 6 and Schedule 2 subject to the matters disclosed or provided in this Agreement.

 

		6.3	The Purchaser shall be deemed to have given all the Purchaser Warranties on the basis that such
Purchaser Warranties will at all times from the date of this Agreement up to and including the Completion Date be true, complete
and accurate in all respects and such Purchaser Warranties shall have effect as if given at Completion as well as the date of this
Agreement.

 

		6.4	The Vendor shall be deemed to have given all the Vendor Warranties on the basis that such Vendor
Warranties will at all times from the date of this Agreement up to and including the Completion Date be true, complete and accurate
in all respects and such Vendor Warranties shall have effect as if given at Completion as well as the date of this Agreement.

 

		6.5	The Vendor agrees and acknowledges that the Purchaser is entering into this Agreement in reliance
on the Vendor Warranties.

 

		6.6	The Purchaser agrees and acknowledges that the Vendor is entering into this Agreement in reliance
on the Purchaser Warranties.

 

    	7

     

    

 

		6.7	None of the Warranties shall be limited or restricted by reference to or inference from the terms
of any other Warranties or any other term of this Agreement.

 

		6.8	If any Party fails to perform any of its obligations in any material respect (including its obligation
at Completion) under this Agreement or breaches any of the terms or Warranties set out in this Agreement in any material respect
prior to Completion, then without prejudice to all and any other rights and remedies available at any time to a non-defaulting
Party (including but not limited to the right to damages for any loss suffered by that Party), any non-defaulting Party may by
notice either require the defaulting Party to perform such obligations or, insofar as the same is practicable, remedy such breach
or to the extent it relates to the failure of the defaulting Party to perform any of its obligations on or prior to Completion
in any material respect, treat the defaulting Party as having repudiated this Agreement and rescind the same. The rights conferred
upon the respective Parties by the provisions of this Clause 6 are additional to and do not prejudice any other rights the respective
Parties may have. Failure to exercise any of the rights herein conferred shall not constitute a waiver of any such rights.

 

		6.9	The Vendor undertakes to indemnify and keep fully indemnified the Purchaser against, and hold the
Purchaser harmless immediately upon demand in respect of, any and all claims that the Purchaser may suffer or face as a result
of or in connection with (a) any inaccuracy of any of the Vendor Warranties; or (b) any breach of the Vendor Warranties by the
Vendor, provided that the maximum aggregate liability of the Vendor in respect of all claims shall not exceed the amount of the
Consideration.

 

		7.	FURTHER ASSURANCE

 

Each Party
undertakes to the other Party to execute or procure to be executed all such documents and to do or procure to be done all such
other acts and things as may be reasonable and necessary to give all Parties the full benefit of this Agreement.

 

		8.	RESTRICTIONS ON COMMUNICATION AND ANNOUNCEMENTS

 

		8.1	Each of the Parties undertakes to the other Party that it shall not at any time after the date
of this Agreement divulge or communicate to any person other than to its professional advisers, or when required by law or any
rule of any relevant stock exchange body, or to its respective officers or employees whose province it is to know the same any
confidential information concerning the business, accounts, finance or contractual arrangements or other dealings, transactions
or affairs of the other which may be within or may come to its knowledge in connection with the transactions contemplated by this
Agreement and it shall use its best endeavours to prevent the publication or disclosure of any such confidential information concerning
such matters. This restriction shall not apply to information or knowledge which is or which properly comes into the public domain,
through no fault of any of the Parties or to information or knowledge which is already known to any of the Parties at the time
of its receipt.

 

		8.2	Each of the Parties undertakes that it shall not at any time (save as required by law or any rule
of any relevant stock exchange or regulatory body) make any announcement in connection with this Agreement unless the other Party
shall have given its consent to such announcement (which consent may not be unreasonably withheld or delayed and may be given either
generally or in a specific case or cases and may be subject to conditions). If any Party is required by law or any rule of any
relevant stock exchange or regulatory body to make any announcement in connection with this Agreement, the other Party agrees to
supply all relevant information relating to itself that is within its knowledge or in its possession as may be reasonably necessary
or as may be required by any exchange and regulatory body to be included in the announcement.

 

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		9.	PARTIAL INVALIDITY

 

If, at any
time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect in any jurisdiction, the legality,
validity and enforceability in other jurisdictions or of the remaining provisions of this Agreement shall not be affected or impaired
thereby.

 

		10.	COSTS AND EXPENSES

 

Each Party
shall bear its own costs of and incidental to the preparation, negotiation and settlement of this Agreement and the transactions
contemplated hereunder (including, without limitation, legal fees and expenses, and capital fees or stamp duty (if any) relating
to this Agreement).

 

		11.	ASSIGNMENT

 

No Party shall
assign any of its rights or obligations under this Agreement without the written consent of the other Party.

 

		12.	CONTINUING EFFECT OF AGREEMENT

 

Any provision
of this Agreement which is capable of being performed after Completion but which has not been performed at or before Completion
shall remain in full force and effect notwithstanding Completion.

 

		13.	GENERAL

 

		13.1	This Agreement supersedes all and any previous agreements, arrangements or understanding between
the Parties relating to the matters referred to in this Agreement and all such previous agreements, understanding or arrangements
(if any) shall cease and determine with effect from the date hereof and neither Party shall have any claim in connection therewith.

 

		13.2	This Agreement constitutes the entire agreement between the Parties with respect to its subject
matter (no Party having relied on any representation or warranty made by the other Party which is not contained in this Agreement).
No variation of this Agreement shall be effective unless made in writing and signed by all Parties.

 

		13.3	Time shall be of the essence of this Agreement but no failure by any Party to exercise, and no
delay on its part in exercising any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any right under this Agreement preclude any other or further exercise of it or the exercise of any right or prejudice or affect
any right against the other. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights
or remedies provided by law.

 

		13.4	No delay or failure by a Party to exercise or enforce (in whole or in part) any right provided
by this Agreement or by law shall operate as a release or waiver, or in any way limit that Party’s ability to further exercise
or enforce that, or any other, right. A waiver of any breach of any provision of this Agreement shall not be effective, or implied,
unless that waiver is in writing and is signed by the Party against whom that waiver is claimed. In the event of a default by either
Party in the performance of its obligations under this Agreement, the non-defaulting Party shall have the right to obtain specific
performance of the defaulting Party’s obligations. Such remedy shall be in addition to any other remedies provided under
this Agreement or at law.

 

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		14.	NOTICES

 

		14.1	Any notice claim, demand, court process, document or other communication to be given under this
Agreement (collectively “communication” in this Clause) shall be in writing in the English or Chinese language
and may be served or given personally or sent to the e-mail address (if any) of the relevant Party and marked for the attention
and/or copied to such other person as specified in Clause 14.4.

 

		14.2	A change of address or e-mail address of the person to whom a communication is to be addressed
or copied pursuant to this Agreement shall not be effective until five days after a written notice of change has been served in
accordance with the provisions of this Clause 14 on the other Party with specific reference in such notice that such change is
for the purposes of this Agreement.

 

		14.3	All communications shall be served by the following means and the addressee of a communication
shall be deemed to have received the same within the time stated adjacent to the relevant means of despatch:

 

	Means of despatch	Time of deemed receipt
	Local mail or courier	24 hours
	E-mail	on despatch
	Air courier/Speedpost	3 days
	Airmail	7 days

 

	14.4	The initial addresses and e-mail addresses of the Parties for the service of communications, the
person for whose attention such communications are to be marked and the person to whom a communication is to be copied are as follows:

 

If to the Vendor:

 

	 	
        Address        :

         
	1015, 10/F, Ocean Centre, 5 Canton Road, Kowloon, Hong Kong
	 	Attention      :	Kwok Man Yee Elvis

 

If to the Purchaser:

 

	 	
        Address        :

         
	Vistra Corporate Services Centre, Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahé, Republic of Seychelles
	 	Attention      :	Vicky Lau

 

		14.5	A communication served in accordance with this Clause 14 shall be deemed sufficiently served and
in proving service and/or receipt of a communication it shall be sufficient to prove that such communication was left at the addressee’s
address or that the envelope containing such communication was properly addressed and posted or despatched to the addressee’s
address. In the case of communication by e-mail, such communication shall be deemed properly transmitted upon the receipt of the
sent confirmation by the e-mail account of the sender.

 

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		14.6	Nothing in this Clause shall preclude the service of communication or the proof of such service
by any mode permitted by law.

 

		15.	COUNTERPARTS

 

This Agreement may be executed
in any number of counterparts, and this has the same effect as if the execution on the counterparts were on a single copy of this
Agreement.

 

		16.	LAW AND JURISDICTION

 

		16.1	This Agreement shall be governed by and construed in accordance with the laws of Hong Kong.

 

		16.2	All claims or disputes arising out of or in connection with this
Agreement, including any dispute as to its existence, validity, termination, or enforceability
thereof, and any dispute relating to any non-contractual obligations arising out of or in connection with it (for the purpose of
this Clause, a “Dispute”) shall be notified in writing to the other Party. The notification must set out brief
details of the nature of the Dispute. In case of a Dispute, the Parties shall use all their reasonable efforts to reach an amicable
settlement within thirty (30) days following the above-mentioned notification. If the Parties fail to reach such an amicable settlement
within the said thirty-day period, any Party to that Dispute may refer the dispute to arbitration administered by the HKIAC in
accordance with the HKIAC Administered Arbitration Rules in force at that time. The seat of arbitration shall be in Hong Kong.
The Parties to the arbitration shall jointly appoint a single arbitrator and the award rendered by that arbitrator shall be final
and binding on them. If the Parties are unable to agree to the appointment of the arbitrator, then any Party to the Dispute may
refer the matter to the HKIAC for nomination of an arbitrator for such purpose. Judgment upon the arbitration award may be rendered
in any court of competent jurisdiction or application may be made to such court for a judicial acceptance of the award and an order
of enforcement, as the case may be.

 

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IN WITNESS whereof this Agreement
has been duly executed on the date first above written.

 

	VENDOR	 
	 	 
	SIGNED by Kwok Man Yee Elvis	)
	in the presence of : 	)
	 	 
	PURCHASER	 
	 	 
	SIGNED by Lau Pui Kiu	)
	for and on behalf of	)
	Paris Sky Limited	)
	in the presence of :	)

 

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SCHEDULE
1

PARTICULARS OF THE COMPANY

 

	
        1.

         
	
        Company name

         
	:	Vision Lane Limited
	2.	Company number	:	1891152
	 	 	 	 
	3.	Date of incorporation	:	28th September 2015
	 	 	 	 
	4.	Place of incorporation	:	British Virgin Islands
	 	 	 	 
	5.	Address of registered office	:	Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands
	 	 	 	 
	6.	Issued share capital	:	US$100 divided into 100  issued and fully paid shares
	 	 	 	 
	7.	
        Shareholder (number of shares and shareholding %)
	:	
        Kwok Man Yee Elvis (100 shares
– 100%)

	 	 	 	 
	8.	Director	:	Kwok Man Yee Elvis

 

    	13

     

    

 

 

SCHEDULE
2

VENDOR WARRANTIES

 

		1.	General

 

		1.1	The contents of the Recitals of and Schedule 1 to this Agreement are true and accurate.

 

		1.2	All information given by the Vendor or his agents or professional advisers to the Purchaser or
its employees, agents or professional advisers relating to the business, activities, affairs, or assets or liabilities of the Company
was, when given, and is now true, accurate and complete in all respects.

 

		1.3	There are no material facts or circumstances, in relation to the assets, business or financial
condition of the Company which have not been exhaustively, expressly and fairly disclosed in writing to the Purchaser or its employees,
agents or professional advisers, and which, if disclosed, might reasonably have been expected to affect the decision of the Purchaser
to enter into this Agreement.

 

		1.4	The execution and performance of this Agreement will not conflict with or result in a breach of
or be a reason for the termination or variation of any agreement or obligation to which the Company is now a party or any of the
Company or its assets are or may be bound or affected or be in violation of any law, rule or regulation of any governmental, administrative
or regulatory body or any order, injunction or decree of any judicial, administrative, regulatory or governmental body affecting
the Company.

 

		2.	Organisation, Authority and Power

 

		2.1	The Company is a company duly incorporated and validly existing under the laws of Hong Kong. All
issued shares in the Company are duly authorised, validly issued and fully paid up and none of such shares (where applicable) has
been issued in violation of the memorandum and articles of association of the Company or the terms of any agreement by which the
Company or its shareholders were or are bound, if any.

 

		2.2	The Vendor has, on the date of this Agreement and on Completion, full and unfettered right, power
and authority to enter into this Agreement and assume all of their obligations hereunder and no further actions or proceedings
are necessary on their part in connection with the execution, delivery and performance by them of this Agreement.

 

		2.3	This Agreement constitutes valid and legally binding obligations on the part of the Vendor enforceable
in accordance with its terms.

 

		2.4	The Vendor is the legal and beneficial owners of the Sale Shares and is entitled to sell and transfer
the Sale Shares and pass the full legal and beneficial ownership thereof with all rights thereto to the Purchaser or its nominee
on the terms of this Agreement. The Sale Shares are issued and fully paid and is beneficially owned by the Vendor free from all
Encumbrances. The Sale Shares constitutes the 100% of the issued share capital of the Company. The Company has no business other
than holding all the issued share capital of First Asia Finance Limited and property investment in Hong Kong.

 

		2.5	The Company holds the entire issued share capital of First Asia Finance Limited, which is a Hong
Kong incorporated limited company with registration number 1412880, which is principally engaged in money lending in Hong Kong.

 

    	14

     

    

 

		3.	Records and taxation

 

		3.1	The Company has duly made up all requisite books of account (reflecting in accordance with generally
accepted accounting principles for all the financial transactions of the Company), minutes books, registers and records in compliance
with all applicable laws and regulatory requirements and these and all other deeds and documents (properly stamped where necessary)
belonging to or which ought to be in its possession and its seal are in its possession.

 

		3.2	All the accounts, books, ledgers, financial and other records of whatsoever kind, of the Company
are in its possession, have been fully, properly and accurately kept and completed, do not contain any material inaccuracies or
discrepancies of any kind and give and reflect a true and fair view of its trading transactions, and its financial, contractual
and trading position.

 

		3.3	The Company has duly complied with its obligations to account to the relevant tax authorities and
all other authorities for all amounts for which it is or may become accountable in respect of Taxation relating to its business.

 

		3.4	All returns in connection with Taxation that should have been filed by the Company have been filed
correctly and on a proper basis in accordance with all applicable laws and regulatory requirements and there are no facts known
or which would on reasonable enquiry be known to the Company or the director which may give rise to any dispute or to any claim
for any Taxation or the deprivation of any relief or advantage that might have been available.

 

		3.5	The Company is not and does not expect to be involved in any dispute in relation to Taxation and
no authority concerned has investigated or indicated that it intends to investigate into the tax affairs of the Company nor are
there any circumstances of which the Vendor is aware which would cause any authority to investigate into the tax affairs of the
Company.

 

		3.6	The Company has no liability in respect of Taxation (whether actual or contingent) nor any liability
for interest, penalties or charges imposed in relation to any Taxation arising or deemed to arise in any accounting period ending
on or before the Management Accounts Date that is not provided for in full in the Management Accounts, and in particular, has no
outstanding liability for:

 

		(i)	Taxation in any part of the world assessable or payable by reference to any profit, gain, income
or distribution earned, received, paid, arising or deemed to arise on or at any time prior to the Management Accounts Date or in
respect of any period ending on or before the Management Accounts Date; or

 

		(ii)	purchase, value added, sales or other similar tax in any part of the world referable to transaction
effected on or before the Management Accounts Date,

 

that is not
provided for in the Management Accounts.

 

		3.7	Since the Management Accounts Date up to and inclusive of the Completion Date:

 

		(i)	the Company has not been involved in any transaction outside the ordinary course of business which
has given or may give rise to a liability to Taxation on the Company (or would have given or might give rise to such a liability
but for the availability of any relief, allowance, deduction or credit);

 

    	15

     

    

 

		(ii)	no accounting period or year of assessment of the Company has ended;

 

		(iii)	no disposal has taken place or other event occurred which will or may have the effect of crystallising
a liability to Taxation which should have been included in the provision for deferred Taxation contained in the Management Accounts
if such a disposal or other event had been planned or predicted at the date on which the Management Accounts were drawn up;

 

		(iv)	no payment has been made by the Company which will not be deductible for profits tax (or its equivalent)
purposes either in computing the profits of the Company or in computing the profits tax chargeable on the Company;

 

		(v)	no event has occurred with the result that the Company has or will become liable to pay or bear
a liability in respect of Taxation directly or primarily charged against, or attributable to, another person, firm or company;
and

 

		(vi)	the Company has not paid or become liable to pay any penalty in connection with any Taxation or
otherwise paid any Taxation after its due date for payment or become liable to pay any Taxation the due date for payment of which
has passed or will become prospectively liable to pay any Taxation the due date for payment of which will fall within 30 days after
the date of this Agreement.

 

		3.8	The Company has within the time limits prescribed by the relevant legislation duly paid all tax
(including provisional tax), made all returns, given all notices, supplied all other information required to be supplied to the
Inland Revenue Department and any other relevant governmental authority (including any governmental authority of a foreign jurisdiction)
and all such information was and remains complete and accurate in all material respects and all such returns and notices were and
remain complete and accurate in all material respects and were made on a proper basis and do not, nor, to the best of the knowledge,
information and belief of the Vendor, having made due and careful enquiry, are likely to, reveal any transactions which may be
the subject of any dispute with the Inland Revenue Department or other relevant authorities and the Company is not and has not
in the last six years been the subject of an Inland Revenue Department (or equivalent foreign tax authority) investigation or field
audit or other dispute regarding tax or duty recoverable from the Company or regarding the availability of any relief from Taxation
or duty to the Company and there are no facts known to the Vendor which are likely to cause such an investigation or audit to be
instituted or such a dispute to arise.

 

		3.9	The Company has duly submitted all claims and disclaimers which have been assumed to have been
made for the purpose of the Management Accounts.

 

		3.10	There are no material and/or unusual arrangements, agreements or undertakings, between the Company
and the Inland Revenue Department, or any foreign tax authorities, regarding or affecting the Taxation treatment of the Company.

 

		3.11	The Company has kept sufficient records in either English or Chinese:

 

		(i)	of its income and expenditure to enable the assessable profits of its trade, profession or business
to be readily ascertained in compliance with and for the period mentioned in Section 51C of the Inland Revenue Ordinance or other
similar legislation;

 

    	16

     

    

 

		(ii)	of the consideration, in money or money’s worth, payable or deemed to be payable to it, to
its order or for its benefit in respect of the right of use of its land or buildings or land and buildings to enable the assessable
value of its land or buildings or land and buildings to be readily ascertained in compliance with and for the period mentioned
in Section 57D of the Inland Revenue Ordinance.

 

		3.12	The Company has duly complied with all requirements to deduct or withhold Taxation from any payments
it has made and has accounted in full to the appropriate authorities for all amounts so deducted or withheld.

 

		4.	Corporate Status

 

		4.1	The Company has all requisite corporate power and authority to own its assets and to carry on its
business as currently conducted and is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction
where the ownership or operation of its assets or the conduct of its business requires such qualification.

 

		4.2	No events or omissions have occurred whereby the constitution, subsistence or corporate status
of the Company has been or is likely to be adversely affected.

 

		4.3	No order for the appointment of a liquidator has been made and as receiver has been appointed over
the whole or any part of the assets of the Company.

 

		4.4	No order has been made, or petition presented, or resolution passed for the winding up of the Company,
nor has any distress, execution or other process been levied in respect of the Company which remains undischarged; nor is there
any unfulfilled or unsatisfied judgment or court order outstanding against the Company.

 

		4.5	Save as contemplated under and this Agreement, as at the Completion Date, there are no pre-emptive
or other outstanding rights, options, warrants, conversion rights or agreements or commitments of any character relating to the
authorised and issued, unissued or treasury shares or equity interest of the Company and the Company has not issued any debt securities,
other securities, rights or obligations which are convertible into or exchangeable for, or giving any person a right to subscribe
for or acquire, capital or equity interest of the Company, and no such securities or obligations evidencing such rights are outstanding.

 

		4.6	The Company is duly incorporated, validly existing and in good standing under the laws of Hong
Kong and has all requisite corporate or similar power and authority to own and operate its properties and assets and to carry on
its business as presently conducted and is duly qualified to do business.

 

		5.	Management Accounts

 

		5.1	The Company has no liability for Taxation of any kind, which has not been provided for in the Management
Accounts.

 

		5.2	Due provision has been made in the Management Accounts for any capital commitment undertaken or
authorised at the Management Accounts Date as may be appropriate and for any bad or doubtful debt due and payable to the Company
in its own right.

 

    	17

     

    

 

		5.3	The Company is not a member of any partnership or unincorporated company or association.

 

		5.4	Since the Management Accounts Date up to and inclusive of Completion Date:

 

		(i)	there has been no material adverse change in the financial position or business or prospects of
the Company and the Company has entered into transactions and incurred liabilities only in the ordinary course of business;

 

		(ii)	The Company has not declared, paid or made nor is proposing to declare, pay or make any dividend
or other distribution;

 

		(iii)	the business of the Company has been carried on in the ordinary and usual course and in the same
manner (including nature and scope) as in the past, no fixed asset or stock has been written up nor any debt written off and no
unusual or abnormal contract has been entered into by the Company; and

 

		(iv)	no asset of the Company has been acquired or disposed of on capital account, or has been agreed
to be acquired or disposed of, otherwise than in the ordinary course of business and the Company has not disposed of or parted
with possession of any of its property assets (including know how) or stock in trade or made any payments and no contract involving
expenditure by it on capital account has been entered into by the Company and no liability has been created or has otherwise arisen
(other than in the ordinary course of business as previously carried on).

 

		5.5	The Management Accounts have been properly compiled by the director of the Company on the basis
which is consistent with the accounting policies consistently applied and are accurate in all respects and show a true and fair
view of the state of affairs of the Company and of its results and profits for the financial period ending on the Management Accounts
Date and:

 

		(a)	depreciation of the fixed assets of the Company has been made at a rate sufficient to write down
the value of such assets to nil not later than the end of their useful working lives;

 

		(b)	the Management Accounts disclose and make full provision or reserve for all actual liabilities;

 

		(c)	the Management Accounts disclose and make proper provision or reserve for or note all contingent
liabilities, capital or burdensome commitments;

 

		(d)	the bases and policies of accounting of the Company (including depreciation) adopted for the purpose
of preparing the Management Accounts are the same as those adopted for the purpose of preparing the audited accounts of the Company
for each of the preceding accounting periods since the date of incorporation;

 

		(e)	the profits and losses of the Company shown in the Management Accounts and for the preceding accounting
periods have not in any material respect been affected by any unusual or exceptional item or by any other matter which has rendered
such profits or losses unusually high or low; and

 

    	18

     

    

 

		(f)	the accounts receivable shown in the Management Accounts have been collected or will in aggregate
realise the nominal amount thereof less any reserve for bad and doubtful debts included in the Management Accounts and none of
the amounts shown in the Management Accounts in respect of debtors is represented by debts which were then more than six (6) months
overdue for payment and none of the same has been released or settled for an amount less than that shown in the Management Accounts.
All such debts will be collectible in full within one hundred and eighty (180) days of the Completion Date subject to the Company
using all reasonable endeavours to collect the same.

 

		6.	Business, etc. 

 

		6.1	The Company has not given or permitted to be outstanding any powers of attorney or authority (expressed
or implied) to any party to enter into any contracts, commitments or transactions (other than the usual authority conferred on
its director in respect of the ordinary course of business) or pursuant to the banking facilities granted to the Company.

 

		6.2	The Company has not entered into any contracts, commitments or transactions other than on an arms-length
basis nor breached or defaulted under any contracts, commitments or transactions.

 

		6.3	There are no existing circumstances which indicate that as a result of the consummation of this
Agreement:

 

		(i)	the existing level of business of the Company may be substantially reduced; and

 

		(ii)	the Company will lose the benefit of any right or privilege which it enjoys.

 

		6.4	Compliance with the terms of this Agreement does not and will not :

 

		(i)	conflict with, or result in the breach of, or constitute a default under, any of the terms, conditions
or provisions of any agreement or instrument to which the Company is a party, or any provision of the memorandum or articles of
association or equivalent constitutive documents of the Company or any Encumbrance, lease, contract, order, judgment, award, injunction,
regulation or other restriction or obligation of any kind or character by which or to which any asset of the Company is bound or
subject;

 

		(ii)	relieve any person from any obligation to the Company (whether contractual or otherwise), or enable
any person to determine any obligation, or any right or benefit enjoyed by the Company, or to exercise any right, whether under
an agreement with, or otherwise in respect of, the Company;

 

		(iii)	result in the creation, imposition, crystallisation or enforcement of any Encumbrances whatsoever
on any of the assets of the Company; or

 

		(iv)	result in any present or future indebtedness of the Company becoming due, or capable of being declared
due and payable, prior to its stated maturity.

 

		6.5	The Company has, at all times, carried on its business and conducted its affairs in all respects
in accordance with its memorandum and articles of association or equivalent constitutive documents for the time being in force
and any other documents to which it is, or has been, a party.

 

    	19

     

    

 

		6.6	The Company is empowered and duly qualified to carry on business in all jurisdictions in which
it now carries on business.

 

		6.7	The Company is not a party to any undertaking or assurances given to any court or governmental
agency, which is still in force.

 

		6.8	The Company has conducted and is conducting its business in all respects in accordance with all
applicable laws and regulations, whether of Hong Kong or elsewhere.

 

		6.9	The Company is not in breach of any of the terms or conditions of any of the licences or consents;
the enforcement of this Agreement shall not, and there are no factors that might, in any way prejudice the continuation, or renewal,
of any of them.

 

		6.10	The Company is not a party to any contract, transaction, arrangement or liability which:

 

		(i)	is of an unusual or abnormal nature, or outside the ordinary and proper course of business; or

 

		(ii)	cannot readily be fulfilled or performed by it on time without undue, or unusual, expenditure of
money, effort or personnel.

 

		6.11	No notice, demand or claim of default under any agreement, instrument or arrangement to which the
Company is a party has been received by the Company and is outstanding against it and there is nothing whereby any such agreement,
instrument or arrangement may be prematurely terminated or rescinded by any other party.

 

		6.12	The Vendor is not aware of:

 

		(i)	any party to any agreement with, or under an obligation to, the Company who is in default under
it, being a default which would be material in the context of the Company’s financial position; and

 

		(ii)	any circumstances likely to give rise to such a default.

 

		6.13	Insofar as the Vendor is aware, the Company has not supplied services or products which are, or
were, or will become faulty or defective, or which do not comply in any material respect with any warranties or representations,
expressly or impliedly made by it, or with all applicable regulations and requirements.

 

		7.	Corporate Records and Procedures etc. 

 

		7.1	The copy of the memorandum and articles of association or the equivalent constitutive documents
of the Company delivered to the Purchaser is accurate, update and complete in all respects.

 

		7.2	No alteration has been made to the memorandum or articles of association or the equivalent constitutive
documents of the Company and no resolution of any kind of the shareholders of the Company has been passed (other than resolutions
relating to the business at annual general meetings which was not special business) without disclosure in writing to the Purchaser.

 

    	20

     

    

 

		7.3	The Company has fully and punctually observed and complied with its obligations under the relevant
companies legislations and the relevant statutes and all returns, particular resolutions and other documents (if any) required
to be filed have been properly and punctually filed.

 

		7.4	The register of members of the Company is and will at Completion be correct. There has been no
notice of any proceedings to rectify the register, and there are no circumstances which might lead to any application for rectification
of the register, nor will there be any such circumstances at or before Completion.

 

		8.	Director

 

Other than
the director set out in Schedule 1, the Company has no other director.

 

		9.	Landed Property

 

The landed
property owned by the Company is in the sole legal and beneficial ownership of the Company and is held by the Company subject to
a mortgage dated 12th May 2017 made by the Company in favour of United Overseas Bank Limited.

 

		10.	Dispute, Claims and Litigation

 

		10.1	Except for the litigation search results and their brief description as set out in Schedule 4 of
this Agreement, the Company is not engaged in any litigation, administrative, mediation or arbitration proceedings, as plaintiff
or defendant; there are no non-compliance, investigation, inquiry or enforcement proceedings pending or threatened, either by or
against the Company; and no circumstances exist which are likely to give rise to any litigation, administrative, mediation or arbitration
proceedings.

 

		10.2	There is no dispute with any revenue, or other official, department or other regulatory authority
in Hong Kong or elsewhere, in relation to the affairs of the Company, and the Company and the Vendor is not aware of any facts
which may give rise to any dispute.

 

		10.3	No order has been made, or petition presented, or resolution passed for the winding up of the Company;
nor has any distress, execution or other process been levied in respect of the Company which remains undischarged; nor is there
any unfulfilled or unsatisfied judgment or court order outstanding against the Company.

 

		10.4	The Company has conducted its business and dealt with its assets in all material respects in accordance
with all applicable legal and administrative requirements in any jurisdiction.

 

		10.5	The Company has not committed any criminal act or material breach of contract or statutory duty
or any tortious or other unlawful act.

 

		10.6	No unsatisfied judgment is outstanding against the Company.

 

		11.	Liabilities

 

		11.1	The Company does not have, as at the Management Accounts Date, any material liabilities or financial
commitment except as disclosed in the Management Accounts.

 

    	21

     

    

 

		11.2	All loans and payables incurred before Completion have been either waived or settled, save for
those as agreed between the Vendor and the Purchaser.

 

		12.	Agents

 

		12.1	There are in force no powers of attorney or any special authorities given by the Company other
than those given in the ordinary course of business.

 

		12.2	Other than in the ordinary course of business, the Company has not ever entered into an agreement
under which any person has been given representative or agency rights or powers.

 

		13.	Acquisition of the Consideration Shares

 

		13.1	The Vendor understands that the Consideration Shares are “restricted securities” and
have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) or any applicable
state securities law and are acquiring the Consideration Shares as principal for their own account and not with a view to or for
distributing or reselling the Consideration Shares or any part thereof in violation of the Securities Act, have no present intention
of distributing any of such Consideration Shares in violation of the Securities Act and have no direct or indirect arrangement
or understandings with any other persons to distribute or regarding the distribution of such Consideration Shares in violation
of the Securities Act. The Vendor understands that the Consideration Shares may only be disposed of in compliance with the Securities
Act. In connection with any transfer of the Consideration Shares other than pursuant to an effective registration statement, SGOCO
may require the transferor thereof to provide SGOCO with an opinion of counsel selected by the transferor and reasonably acceptable
to SGOCO, the form and substance of which opinion shall be reasonably satisfactory to SGOCO, to the effect that such transfer does
not require registration of such transferred Consideration Shares under the Securities Act.

 

		13.2	The Vendor hereby represents that he has satisfied himself as to the full observance of the laws
of his jurisdiction in connection with any invitation to subscribe for the Consideration Shares, including (i) the legal requirements
within his jurisdiction for the acquisition of the Consideration Shares, (ii) any foreign exchange restrictions applicable to such
purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences,
if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Consideration Shares. The Vendor’s
beneficial ownership of the Consideration Shares will not violate any applicable securities or other laws of the Vendor’s
jurisdiction.

 

		13.3	The Vendor, either alone or together with his representatives, have such knowledge, sophistication
and experience in business and financial matters so as to be capable of evaluating the merits and risks of the acquisition of the
Consideration Shares, and have so evaluated the merits and risks. The Vendor is able to bear the economic risk of the Consideration
Shares and, at the present time, are able to afford a complete loss of the Consideration Shares.

 

		13.4	The Vendor is not, to his knowledge, acquiring the Consideration Shares as a result of any advertisement,
article, notice or other communication regarding the Consideration Shares published in any newspaper, magazine or similar media
or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.

 

    	22

     

    

 

		13.5	The Vendor acknowledges that he has had the opportunity to review any and all documents and has
been afforded (i) the opportunity to ask such questions as they have deemed necessary of, and to receive answers from, representatives
of SGOCO concerning the Consideration Shares; and (ii) access to information about SGOCO and its financial condition, results of
operations, business, properties, management and prospects sufficient to enable it to evaluate the transaction. The Vendor acknowledges
and agrees that SGOCO has not provided the Vendor with any information or advice with respect to the Consideration Shares nor is
such information or advice necessary or desired.

 

		13.6	Neither the Vendor nor any person acting on his behalf has engaged, nor will engage, in any directed
selling efforts to a U.S. Person (as defined in the Securities Act) with respect to the Consideration Shares and the Vendor and
any person acting on his behalf has complied and will comply with the “offering restrictions” requirements of Regulation
S. The transactions contemplated hereby have not been pre-arranged with a buyer located in the United States or with a U.S. Person,
and are not part of a plan or scheme to evade the registration requirements of the Securities Act. Neither the Vendor nor any person
acting on his behalf has undertaken or carried out any activity for the purpose of, or that could reasonably be expected to have
the effect of, conditioning the market in the United States, its territories or possessions, for any of the Consideration Shares.
The Vendor agrees not to cause any advertisement of the Consideration Shares to be published in any newspaper or periodical or
posted in any public place and not to issue any circular relating to the Consideration Shares, except such advertisements that
include the statements required by Regulation S, and only offshore and not in the U.S. or its territories, and only in compliance
with any local applicable securities laws.

 

		13.7	The Vendor understands that the Consideration Shares and any securities issued in respect of or
exchange for the Consideration Shares, may be notated with one or all of the following legends, as applicable:

 

“THIS SECURITY HAS NOT BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.”

 

“THESE SECURITIES ARE BEING
OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE
SECURITIES ACT”) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES
ACT IN RELIANCE UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT. TRANSFER OF THESE SECURITIES IS PROHIBITED, EXCEPT IN ACCORDANCE
WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR
PURSUANT TO AVAILABLE EXEMPTION FROM REGISTRATION.  HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH
THE SECURITIES ACT.”

 

    	23

     

    

 

SCHEDULE
3

PURCHASER WARRANTIES

 

		1.	The Purchaser has, on the date of this Agreement and on Completion, full and unfettered right,
power and authority to enter into this Agreement and assume all of its obligations hereunder and no further actions or proceedings
are necessary on its part in connection with the execution, delivery and performance by it of this Agreement.

 

		2.	The Purchaser is a company duly incorporated and validly existing under the laws of Seychelles.

 

		3.	This Agreement constitutes valid and legally binding obligations on the part of the Purchaser enforceable
in accordance with its terms.

 

		4.	All information given by the Purchaser or its agents or professional advisers to the Vendor or
his employees, agents or professional advisers was, when given, and is now true, accurate and complete in all respects.

 

		5.	Subject to the fulfillment of the Conditions Precedent, all necessary consents, authorisations
and approvals of and all necessary registrations and filings with any governmental or regulatory agency or body required in Seychelles
for or in connection with this Agreement and the performance of the terms thereof have been obtained or made or will have been
obtained or made by Completion.

 

		6.	All the Consideration Shares to be issued and allotted by SGOCO to the Vendor will be duly authorised,
validly issued and fully paid up and none of such shares will be issued in violation of the memorandum and articles of association
of SGOCO or the terms of any agreement or laws and regulations by which SGOCO or its shareholders were or are bound, if any.

    	24

     

    

 

SCHEDULE
4

Litigation search resultS 

 

	Lands Tribunal – Part IV Possession Application

 

	Case No.	 	Hearing Date	 	Parties	 	Offence/Nature
	LDPD476/2016	 	6 May 2016	 	
        Applicant:

        Vision Lane Limited

        Respondent:

        Khuram Shahzad
	 	Interlocutory Application filed on 28 April 2016
	 	 	 	 	 	 	 
	LDPD1219/2016	 	22 February 2017	 	
        Applicant:

        Vision Lane Limited

        Respondent:

        Khuram Shahzad
	 	Interlocutory Application filed on 14 February 2017

 

    	25Exhibit

Jacobs Engineering Group Inc.
Restricted Stock Unit Agreement 
Page 1 of 9

JACOBS ENGINEERING GROUP INC.  
RESTRICTED STOCK UNIT AGREEMENT  
(Performance Shares - Earnings Per Share Growth) 
 (Awarded Pursuant to the 1999 Stock Incentive Plan, as Amended and Restated) 
This Agreement is executed as of _______________, by and between JACOBS ENGINEERING GROUP INC. (the “Company”) and _______________ (“Employee”) pursuant to the Jacobs Engineering Group Inc. 1999 Stock Incentive Plan (the “Plan”).  Unless the context clearly indicates otherwise, all terms defined in the Plan and used in this Agreement (whether or not capitalized) have the meanings as set forth in the Plan. 
1.Restricted Stock Units
Pursuant to the Plan, and in consideration for services rendered to the Company or Related Company or for their benefit, the Company hereby issues, as of the above date (the “Award Date”) to Employee an award of Restricted Stock Units in accordance with the Plan and the terms and conditions of this Agreement (the “Award”).  The target number of Restricted Stock Units Employee is eligible to earn under this Agreement is ____________ (the “Target Earnings Per Share Growth Restricted Stock Units”).  Each Restricted Stock Unit represents the right to receive one share of Jacobs Common Stock (subject to adjustment pursuant to the Plan) in accordance with the terms and subject to the conditions (including the vesting conditions) set forth in this Agreement and the Plan.  If, with respect to the Restricted Stock Units, the Employee has made an effective and operative deferral election (“EDP Deferral Election”) under the Jacobs Engineering Group Inc. Executive Deferral Plan (“EDP”) with respect to the shares underlying this Agreement, the terms of the EDP and EDP Deferral Election governing the time and delivery of the shares underlying this Agreement that become vested, if any, are incorporated by reference herein. 
2.Vesting and Distribution
		
	(a)
	The Award shall not be vested as of the Award Date and shall be forfeitable by Employee without consideration or compensation unless and until otherwise vested pursuant to the terms of this Agreement. 

		
	(b)
	The number of Restricted Stock Units earned under this Agreement shall be equal to the sum of the following (the “Earned Earnings Per Share Growth Restricted Stock Units”):

		
	1.
	An amount, not less than zero, equal to one-third of the Target Earnings Per Share Growth Restricted Stock Units multiplied by the Earnings Per Share Growth Performance Multiplier (as defined herein) determined based upon the growth in the Company's Earnings Per Share (as defined herein) from fiscal year 2018 to fiscal year 2019; plus

		
	2.
	An amount, not less than zero, equal to (A) two-thirds of the Target Earnings Per Share Growth Restricted Stock Units multiplied by the Earnings Per Share Growth Performance Multiplier determined based upon the average growth in the Company's Earnings Per Share in fiscal 

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years 2020 and 2019 compared to the respective prior fiscal year minus (B) the amount determined pursuant to Section 2(b)(1) above; plus
		
	3.
	An amount, not less than zero, equal to (A) the Target Earnings Per Share Growth Restricted Stock Units multiplied by the Earnings Per Share Growth Performance Multiplier determined based upon the average growth in the Company's Earnings Per Share in fiscal years 2019, 2020, and 2021 as compared to each respective prior fiscal year minus (B) the amount determined pursuant to Sections 2(b)(1) and 2(b)(2) above.

The Earnings Per Share Growth Performance Multiplier for purposes of the above calculations will be determined by reference to the following tables based upon the average growth in the Company's Earnings Per Share over the indicated fiscal periods:
From Fiscal Year 2018 to Fiscal Year 2019
	
		
	Earnings Per Share Growth
	Earnings Per Share Growth Performance Multiplier

	Less than 21.8%
	0%

	21.8%
	50%

	26.8%
	100%

	31.8%
	200%

From Fiscal Year 2018 to Fiscal Year 2020
	
		
	Average Annual Earnings Per Share Growth
	Earnings Per Share Growth Performance Multiplier

	Less than 8.2%
	0%

	8.2%
	50%

	11.7%
	100%

	15.2%
	200%

From Fiscal Year 2018 to Fiscal Year 2021
	
		
	Average Annual Earnings Per Share Growth
	Earnings Per Share Growth Performance Multiplier

	Less than 8.6%
	0%

	8.6%
	50%

	10.6%
	100%

	12.6%
	200%

The Earnings Per Share Growth Performance Multiplier will be determined using straight-line interpolation based on the actual average growth in Earnings Per Share other than those listed in the charts above. 
For purposes of this Section 2(b), “Earnings Per Share” for any fiscal period is computed by dividing Net Earnings by the weighted average number of shares of 

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the Company’s common stock outstanding during the period.  “Net Earnings” means the net earnings attributable to the Company as reported in its consolidated financial statements for such period determined in accordance with accounting principles generally accepted in the United States (“GAAP”) (A) as may be adjusted to eliminate the effects of (i) costs associated with restructuring activities, as determined in accordance with GAAP, regardless of whether the Company discloses publicly the amount of such restructuring costs or the fact that the Company engaged in restructuring activities during the periods restructuring costs were incurred; and (ii) gains or losses associated with discontinued operations, as determined in accordance with GAAP, but limited to the first reporting period an operation is determined to be discontinued and all subsequent periods (i.e., there will be no retroactive application of this adjustment); and (B) as adjusted for all gains or losses associated with events or transactions that the Committee has made a finding are unusual in nature, infrequently occurring and otherwise not indicative of the Company’s normal operations, and therefore, not indicative of the underlying Company performance.  For purposes of this part (B), such events or transactions could include: (i) settlements of claims and litigation; (ii) disposals of operations including a disposition of a significant amount of the Company’s assets; (iii) losses on sales of investments; and (iv) changes in laws and/or regulations.
		
	(c)
	After the Award Date, a number of Restricted Stock Units equal to the Earned Earnings Per Share Growth Restricted Stock Units will become 100% vested (referred to as “Vested Units”) on the third anniversary of the Award Date (the “Maturity Date”), provided that, except as provided in Section 2(d) below, Employee remains continuously employed by the Company or Related Company through such Maturity Date.

		
	(d)
	Notwithstanding anything in this Agreement or Schedule B of the Plan to the contrary, in the event that Employee’s employment with the Company or Related Company terminates prior to the Maturity Date as a result of Employee’s Retirement, death, or Disability, this Award shall remain outstanding and shall vest on the Maturity Date (based on actual performance through the entire performance period); provided, that on the Maturity Date only a pro-rated portion (based on the number of days, during the period between the Award Date and the Maturity Date, that Employee was employed by the Company or Related Company prior to Employee’s Retirement death, or Disability) of the Earned Earnings Per Share Growth Restricted Stock Units will become vested, with the remainder of the Award forfeited at that time.  

		
	(e)
	Notwithstanding anything in this Agreement or Schedule B of the Plan to the contrary, in the event of a Change in Control, the number of Earned Earnings Per Share Growth Restricted Stock Units shall be determined as of the date such Change in Control is consummated, rather than the Maturity Date, with the number of Earned Earnings Per Share Growth Restricted Stock Units determined as set forth in Section 2(b) hereof, except that: (1) if the Change in Control occurs prior to the last day of fiscal year 2019, the Earnings Per Share Growth Performance Multiplier will be 100%; and (2) if the Change in Control occurs upon or after the last day of fiscal year 2019, the number of Earned Earnings Per Share Growth Restricted Stock Units will be determined pursuant to Section 2(b) 

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based upon performance through the last day of the fiscal year immediately preceding or coinciding with the date of the Change in Control, plus an additional number of Restricted Stock Units, not less than zero, equal to (A) the Target Earnings Per Share Growth Restricted Stock Units multiplied by the Earnings Per Share Growth Performance Multiplier determined based upon the average annual growth in the Company's Earnings Per Share through the end of the last fiscal quarter completed on or prior to the date of the Change in Control, minus (B) the amount determined pursuant to Section 2(b) based upon performance through the last day of the fiscal year immediately preceding or coinciding with the date of the Change in Control.  
 
Following a Change in Control, except as otherwise set forth in the Plan (including Schedule B thereof), the Earned Earnings Per Share Growth Restricted Stock Units shall remain outstanding and subject to the terms and conditions of the Plan and this Agreement, including the vesting condition of continued employment through the Maturity Date.
		
	(f)
	Except as set forth herein and in the Plan (including Schedule B thereof the terms of which shall apply to the Award), Employee has no rights, partial or otherwise, in the Award and/or any shares of Jacobs Common Stock subject thereto, unless and until the Award has been earned and vested pursuant to this Section 2. 

		
	(g)
	Each Vested Unit shall be settled by the delivery of one share of Common Stock (subject to adjustment under the Plan), unless the Committee elects to settle the Vested Unit in another form of consideration of equivalent value (as determined by the Committee in its sole discretion) in connection with or following a Change in Control. If the Employee has not made any EDP Deferral Election with respect to Restricted Stock Units that become vested, settlement will occur as soon as practicable following certification by the Company of the number of Earnings Per Share Growth Restricted Stock Units and passage of the Maturity Date (or, if earlier, the date the Award becomes vested pursuant to the terms of the Plan, including Schedule B thereof, or Section 2(d) above), but in no event later than 30 days following the Maturity Date (or such earlier date that the Award becomes vested).  If the Employee has made an EDP Deferral Election, deferred Vested Units shall be settled as soon as practicable following the date elected on the Employee’s operative EDP Deferral Election or other settlement date set forth under the terms of the EDP.  In any event, no fractional shares shall be issued pursuant to this Agreement.

		
	(h)
	Neither the Award, nor any interest therein nor shares of Jacobs Common Stock payable in respect thereof may be sold, assigned, transferred, pledged or otherwise disposed of, alienated or encumbered, either voluntarily or involuntarily.

3.Section 409A Compliance
Notwithstanding any other provision of the Plan or this Agreement to the contrary, the Plan and this Agreement shall be construed or deemed to be amended as necessary to comply with the 

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requirements of Section 409A of the Code, to avoid the imposition of any additional or accelerated taxes or other penalties under Section 409A of the Code. The Committee, in its sole discretion, shall determine the requirements of Section 409A of the Code applicable to the Plan and this Agreement and shall interpret the terms of each consistently therewith.  Under no circumstances, however, shall the Company have any liability under the Plan or this Agreement for any taxes, penalties or interest due on amounts paid or payable pursuant to the Plan and/or this Agreement or any EDP Deferral Election, including any taxes, penalties or interest imposed under Section 409A of the Code.  Notwithstanding anything to the contrary contained in this Agreement, to the extent that any payment or benefit under this Agreement, or any other plan or arrangement of the Company or its affiliates, is determined by the Company to constitute “non-qualified deferred compensation” subject to Section 409A and is payable to Employee by reason of Employee’s termination of employment, then (a) such payment or benefit shall be made or provided to Employee only upon a “separation from service” as defined for purposes of Section 409A under applicable regulations and (b) if Employee is a “specified employee” (within the meaning of Section 409A and as determined by the Company), such payment or benefit shall not be made or provided before the date that is six months after the date of Employee’s separation from service (or Employee’s earlier death).  Each payment under this Agreement will be treated as a separate payment under Section 409A of the Code.  
4.Status of Participant
Except as set forth in this section, Employee shall have no rights as a stockholder (including, without limitation, any voting rights or rights to receive dividends with respect to the shares of Jacobs Common Stock subject to the Award) with respect to either the Award granted hereunder or the shares of Jacobs Common Stock underlying the Award, unless and until such shares are issued in respect of Vested Units, and then only to the extent of such issued shares.
Notwithstanding the foregoing, the Employee is entitled to a “Dividend Equivalent Right” under the EDP with respect to each Vested Unit for which delivery of the underlying share of Common Stock has been deferred pursuant to an EDP Deferral Election, to the extent the Company pays any cash dividend with respect to outstanding Jacobs Common Stock on or after the date on which such Vested Unit is deferred and while such Vested Unit remains outstanding. The term “Dividend Equivalent Right” shall mean a dollar amount equal to the per-share cash dividend paid by the Company.  Any Dividend Equivalent Right will be subject to the same payment and other terms and conditions (including, if applicable, the terms of the EDP and EDP Deferral Election) as the Vested Unit to which it relates.  
Except as otherwise provided under the terms of the EDP or EDP Deferral Election, if applicable: (a) any vested Dividend Equivalent Right with respect to Vested Units will be paid to the Employee in cash at the same time the underlying share of Common Stock is delivered to the Employee; and (b) the Employee will not be credited with Dividend Equivalent Rights with respect to any Restricted Stock Unit prior to vesting or to any Restricted Stock Unit that, as of the record date for the relevant dividend, is no longer outstanding for any reason (e.g., because it has been settled in Common Stock or has been terminated), and the Employee will not be entitled to any payment for Dividend Equivalent Rights with respect to any Restricted Stock Unit that terminates without vesting.  For purposes of this Agreement, a Vested Unit that has not yet been settled (e.g., because of an EDP Deferral Election) shall be considered outstanding for purposes of this Section 4.

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No shares may be issued in respect of Vested Units if, in the opinion of counsel for the Company, all then applicable requirements of the Securities and Exchange Commission and any other regulatory agencies having jurisdiction and of any stock exchange upon which the shares of the Company may be listed are not fully met, and, as a condition of the issuance of shares, Employee shall take all such action as counsel may advise is necessary for Employee to take to meet such requirements.

5.Nature of Award
In accepting the Award, Employee acknowledges, understands and agrees that:
		
	(a)
	The Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

		
	(b)
	The Award of the Restricted Stock Units hereunder is voluntary and occasional and does not create any contractual or other right to receive future Awards of Restricted Stock Units, or any benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been awarded in the past; 

		
	(c)
	All decisions with respect to future Restricted Stock Unit or other awards, if any, will be at the sole discretion of the Company; 

		
	(d)
	The Award and Employee's participation in the Plan shall not create a right to employment or be interpreted as forming an employment or services contract with the Company, or any Related Companies and shall not interfere with the ability of the Company, or any Related Company, as applicable, to terminate Employee's employment or service relationship (if any); 

		
	(e)
	The Award and the shares of Jacobs Common Stock subject to the Award, the value of same, and any ultimate gain, loss, income or expense associated with the Award are not part of Employee's normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; 

		
	(f)
	No claim or entitlement to compensation or damages shall arise from forfeiture of the Award for any reason, including forfeiture resulting from Employee ceasing to provide employment or other services to the Company or any Related Company (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the jurisdiction where Employee is employed or the terms of Employee's employment agreement, if any), and in consideration of the Award to which Employee is otherwise not entitled, Employee irrevocably agrees never to institute or allow to be instituted on his or her behalf any claim against the Company or any of its Related Companies, waives his or her ability, if any, to bring any such claim, and releases the Company and any Related Companies from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Employee shall be deemed irrevocably to have agreed not to pursue such claim and agrees 

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to execute any and all documents necessary to request dismissal or withdrawal of such claim.
6.Data Privacy
Employee understands that the Company and/or a Related Company may hold certain personal information about the Employee in connection with this Agreement (including the terms of the EDP and EDP Deferral Election to the extent applicable under Section 1), including, but not limited to, Employee's name, home address and telephone number, date of birth, social security number or other identification number, salary, nationality, job title, any shares of Jacobs Common Stock or directorships held in the Company, details of all Awards or any other entitlement to shares of Jacobs Common Stock awarded, canceled, exercised, vested, unvested or outstanding in Employee's favor, for the exclusive purpose of implementing, administering and managing the Plan and this Agreement (“Data”). 
Employee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Employee's personal Data by and among, as applicable, the Company and its Related Companies for the exclusive purpose of implementing, administering and managing Employee's participation in the Plan and under this Agreement.
Employee understands that Data will be transferred to the Company's broker, administrative agents or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan.  Employee understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipients' country or countries in which such recipients reside or operate (e.g., the United States) may have different data privacy laws and protections than Employee's country.  Employee understands that if he or she resides outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative.  Employee understands that Data will be held only as long as is necessary to implement, administer and manage Employee's participation in the Plan and this Agreement or as required under applicable law. 
7.Payment of Withholding Taxes
Employee acknowledges that, regardless of any action taken by the Company or Related Companies or, if different, Employee’s employer (the “Employer”) the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Employee’s participation in the Plan and legally applicable to Employee or deemed by the Company, Related Company or the Employer in its discretion to be an appropriate charge to Employee even if legally applicable to the Company, Related Company or the Employer (“Tax-Related Items”), is and remains Employee’s responsibility and may exceed the amount actually withheld by the Company, Related Company or the Employer.  Employee further acknowledges and agrees that the Company or Related Company and/or the Employer may, if it so determines, offset any Employer tax liabilities deemed applicable to Employee by reducing the shares of Jacobs Common Stock otherwise deliverable to Employee pursuant to this Agreement.  Employee further acknowledges that the Company, Related Company and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units including, but not 

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limited to, the grant, vesting or settlement of the Restricted Stock Units, the subsequent sale of shares of Jacobs Common Stock acquired pursuant to such settlement; and (2) do not commit to and are under no obligation to structure the terms of the Award or any aspect of the Restricted Stock Units to reduce or eliminate Employee’s liability for Tax-Related Items or achieve any particular tax result.  Further, if Employee is subject to Tax-Related Items in more than one jurisdiction between the Award Date and the date of any relevant taxable or tax withholding event, as applicable, Employee acknowledges that the Company, Related Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.  The Company may refuse to issue or deliver any shares of Jacobs Common Stock to the Employee until the obligation for any Tax-Related Items due in connection with the Award has been satisfied.  
Under no circumstances can the Company be required to withhold from the shares of Jacobs Common Stock that would otherwise be delivered to Employee upon settlement of the Award a number of shares having a total Fair Market Value that exceeds the amount of withholding taxes as determined by the Company at the time the Award vests. 
8.Services as Employee
Employee shall not be deemed to have ceased to be employed by the Company (or any Related Company) for purposes of this Agreement by reason of Employee’s transfer to a Related Company (or to the Company or to another Related Company).  The Committee may determine that, for purposes of this Agreement, Employee shall be considered as still in the employ of the Company or of the Related Company while on leave of absence. 
Nothing contained in this Agreement or the Plan constitutes an employment or service commitment by the Company or any Related Company, affects the Employee's status as an employee at will who is subject to termination without cause, confers upon the Employee any right to remain employed by or in service to the Company or any Related Company, interferes in any way with the right of the Company or any Related Company, as applicable, at any time to terminate such employment or services, or affects the right of the Company or any Related Company, as applicable, to increase or decrease the Employee's other compensation or benefits.  Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Employee without his or her consent thereto.
9.Miscellaneous Provisions
This Agreement is governed in all respects by the Plan and applicable law.  In the event of any inconsistency between the terms of the Plan and this Agreement, the terms of the Plan shall prevail.  Subject to the limitations of the Plan, the Company may, with the written consent of Employee, amend this Agreement.  This Agreement shall be construed, administered and enforced according to the laws of the State of Delaware. 
10.Clawback
Employee agrees that if Employee is or becomes a Section 16 executive officer of the Company, in the event of any Inaccurate Financial Statement, Employee will return to the Company on demand all incentive-based compensation payments (whether under this Award, the Plan or otherwise) made to Employee during the 3-year period preceding the date on which the Company is required to prepare an accounting restatement that are in excess of what would 

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have been paid had such incentive-based compensation instead been determined under the accounting restatement (the “Payments”).  In addition, Employee agrees to application of any clawback, forfeiture, recoupment, or similar requirement required to apply to incentive-based compensation granted to Employee under any current or future applicable law or listing standard or regulatory body requirement.  An “Inaccurate Financial Statement” is any inaccurate financial statement due to material noncompliance by the Company with any financial reporting requirements under the securities laws.
11.Agreement of Employee
By signing below or electronically accepting this Award, Employee (1) agrees to the terms and conditions of this Agreement, (2) confirms receipt of a copy of the Plan and all amendments and supplements thereto, and (3) appoints the officers of the Company as Employee's true and lawful attorney-in-fact, with full power of substitution in the premises, granting to each full power and authority to do and perform any and every act whatsoever requisite, necessary, or proper to be done, on behalf of Employee which, in the opinion of such attorney-in-fact, is necessary or prudent to effect the forfeiture of the Award to the Company, or the delivery of the Jacobs Common Stock to Employee, in accordance with the terms and conditions of this Agreement. 
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date set forth above. 

JACOBS ENGINEERING GROUP INC.
By: /s/ Steven J. Demetriou
                             Steven J. Demetriou 
Chairman and Chief Executive Officer

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