Document:

Exhibit 10.1

 

PRIME GLOBAL CAPITAL GROUP INCORPORATED

 

SUBSCRIPTION AGREEMENT

 

PRIME GLOBAL CAPITAL
GROUP INCORPORATED, a Nevada corporation (the “Company”), has authorized capital stock consisting of 1,000,000,000
shares of Common Stock, par value US$0.001 per share (“Common Stock”). The Company now desires to issue and
sell to the undersigned (the “Subscriber”), and the Subscriber desires to purchase from the Company, the number
of shares of Common Stock set forth below next to the Subscriber’s name on the signature page hereto (such shares, the “Shares”)
in connection with an offering of up to 920,000 shares of Common Stock at a purchase price of US$2.00 per share, which is the volume
weighted average price of the Company’s securities for the 15 trading day period immediately preceding and ending on July
6, 2012, up to an aggregate of US$1,840,000 (the “Offering”).

 

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

 

		1.	Purchase.

		(a)	Subject to the terms and conditions hereof, the Subscriber agrees to purchase from the Company,
and the Company agrees to issue and sell to the Subscriber, the Shares at an aggregate purchase price equal to the aggregate amount
set forth next to the Subscriber’s name on the signature page hereto (the “Funds”). If the Funds are paid
in Malaysian Ringgit (RM), the parties agree that the exchange rate to US Dollars shall be RM $3.171 to US $1, representing up
to an aggregate of RM $5,834,640 (or US $1,840,000).
	 	 	 

		(b)	The Company has authorized the issuance and sale of the Shares subject to the terms and conditions
hereof.
	 	 	 

		(c)	Contemporaneously with the Subscriber’s execution and delivery to the Company of an executed
counterpart to this Agreement, the Subscriber shall tender the Funds to the Company by wire transfer of immediately available funds
to an account or accounts specified in writing by the Company to the Subscriber.
	 	 	 

		2.	Delivery of Agreement. The Subscriber hereby delivers
to the Company, and the Company hereby accepts, an executed counterpart of this Subscription Agreement.
	 	 	 
	

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		3.	Representations and Warranties of the Subscriber. The Subscriber hereby represents
and warrants to the Company that:
	 	 	 

		(a)	The Subscriber: (i) if a natural person, represents that he or she has reached the age of
21 and has full power and authority to execute and deliver this Agreement and all other related agreements or certificates and
to carry out the provisions hereof and thereof and has adequate means for providing for his or her current financial needs and
anticipated future needs and possible contingencies and emergencies and has no need for liquidity in the investment in the Shares;
(ii) if a corporation, partnership, association, joint stock company, trust, unincorporated organization or other entity,
represents that: such entity was not formed for the specific purpose of acquiring the Shares; such entity is duly organized, validly
existing and (if applicable in the applicable jurisdiction) in good standing (or similar status under local law) under the laws
of the jurisdiction of its organization; the consummation of the transactions contemplated hereby will not result in a violation
of its charter or other organizational documents; such entity has full power and authority to execute and deliver this Agreement
and all other related agreements or certificates and to carry out the provisions hereof and thereof and to purchase and hold the
Shares; the execution and delivery of this Agreement has been duly authorized by all necessary corporate or other action on its
part; and this Agreement has been duly executed and delivered on behalf of such entity; (iii) if executing this Agreement
in a representative or fiduciary capacity, represents that it has full power and authority to execute and deliver this Agreement
in such capacity and on behalf of the subscribing individual, ward, partnership, trust, estate, corporation or other entity for
whom the undersigned is executing this Agreement, and such individual, ward, partnership, trust, estate, corporation or other entity
has full right and power to perform his, her or its obligations pursuant to this Agreement and make an investment in the Company,
and that this Agreement constitutes a legal, valid and binding obligation of such subscribing individual, ward, partnership, trust,
estate, corporation or other entity; and (iv) the execution and delivery of this Agreement will not violate or be in conflict
with any order, judgment, injunction, agreement or controlling document to which the Subscriber (or, if applicable, such subscribing
individual, ward, partnership, trust, estate, corporation or other entity) is a party or by which he, she or it is bound;
	 	 	 

		(b)	The Subscriber has received and reviewed this Agreement and all Exhibits hereto; it, its attorney
and its accountant have had access to, and an opportunity to review, all documents and other materials requested of the Company;
it and they have been given an opportunity to ask any and all questions of, and receive answers from, the Company concerning the
terms and conditions of the offering and to obtain all information that it or they believe necessary or appropriate to verify the
accuracy of this Agreement, all Exhibits hereto and any other documents and materials requested of the Company and to evaluate
the suitability of an investment in the Shares; and, in evaluating the suitability of an investment in the Shares, it and they
have not relied upon any representations or other information (whether oral or written);
	 	 	 

		(c)	Assuming due execution and delivery by the Company of this Agreement, this Agreement constitutes
the legal, valid and binding obligation of the Subscriber, enforceable against the Subscriber in accordance with its terms, subject
to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’ rights and remedies
generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity); and
	 	 	 

		(d)	No broker has acted on behalf of the Subscriber in connection with this Agreement, and there are
no brokerage commissions, finders’ fees or commissions payable in connection herewith based on any agreement, arrangement
or understanding with the Subscriber or any action taken by the Subscriber.
	 	 	 
	

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		4.	Representations and Warranties for Accredited Investors. The Subscriber hereby represents
and warrants as follows:
	 	 	 

		(a)	The Subscriber is acquiring the Shares for investment purposes only, for its own account, and not
with a view to, or for resale in connection with, any distribution thereof within the meaning of the Securities Act of 1933, as
amended (the “Securities Act”);
	 	 	 

		(b)	The Subscriber has such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of its investment;
	 	 	 

		(c)	The Subscriber is aware that it may have to bear the economic risk of such investment for an indefinite
period of time or to suffer a complete loss of its investment;
	 	 	 

		(d)	The Subscriber understands, acknowledges and agrees (i) that the Shares have not been registered
under (and that the Company has no present intention to register the Shares under) the Securities Act or applicable state securities
law and that the offering and sale of such Shares are being made in reliance on the exemption from the registration requirements
provided by Section 4(2) of the Securities Act and the regulations promulgated thereby and analogous provisions of certain
state securities laws or in accordance with Regulation S under the Securities Act (“Regulation S”), and (ii)
that such Shares may not be sold or otherwise transferred by the Subscriber unless the Shares have been registered under the Securities
Act and applicable state securities laws or are sold or transferred in a transaction exempt therefrom;
	 	 	 

		(e)	The Subscriber understands that no public market now exists for any of the securities issued by
the Company and that it is unlikely that a public market will ever exist for the Shares; and
	 	 	 

		(f)	The Subscriber is an “accredited investor” within the meaning of Rule 501 of Regulation
D under the Securities Act and has completed properly and delivered an executed copy of the questionnaire attached hereto as Exhibit A.
	 	 	 

		5.	Representations
                                                                                                                                                   and
                                                                                                                                                   Warranties
                                                                                                                                                   For
                                                                                                                                                   Non-U.S.
                                                                                                                                                   Persons
                                                                                                                                                   Only.
                                                                                                                                                   The
                                                                                                                                                   Subscriber
                                                                                                                                                   hereby
                                                                                                                                                   represents
                                                                                                                                                   and
                                                                                                                                                   warrants
                                                                                                                                                   the
                                                                                                                                                   following:
	 	 	 

		(a)	The Subscriber is not a U.S. Person, as such term is defined in Regulation S, was not formed under
the laws of any United States jurisdiction and was not formed for the purpose of investing in securities not registered under the
Securities Act. The term “U.S. Person” as defined in Regulation S means: (s) any natural person resident in the
United States; (t) any partnership or corporation organized or incorporated under the laws of the United States; (u) any
estate of which any executor or administrator is a U.S. Person; (v) any trust of which any trustee is a U.S. Person; (w) any
agency or branch of a foreign entity located in the United States; (x) any non-discretionary account or similar account (other
than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person; (y) any discretionary
account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if
an individual) resident in the United States; and (z) any partnership or corporation if: (A) organized or incorporated under
the laws of any foreign jurisdiction; and (B) formed by a U.S. Person principally for the purpose of investing in securities not
registered under the Securities Act unless it is organized or incorporated, and owned by, accredited investors (as defined in Rule
501(a) under the Securities Act) that are not natural persons, estates or trusts;
	 	 	 
	

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		(b)	No offer or sale of the Shares was made to the Subscriber in the United States;
	 	 	 

		(c)	The Subscriber is not purchasing the Shares for the account or on behalf of any U.S. Person;
	 	 	 

		(d)	The Subscriber has not made any pre-arrangement to transfer the Shares to a U.S. Person or to return
the Shares to the United States securities markets (which includes short sales and hedging transactions in the United States within
the periods restricted under Regulation S (the “Restricted Periods”) to be covered by delivery of Shares) and
is not purchasing the Shares as part of any plan or scheme to evade the registration requirements of the Securities Act;
	 	 	 

		(e)	The Subscriber acknowledges and understands that all offers and sales of the Shares by the Subscriber
in the United States or to U.S. Persons or otherwise, whether prior to the expiration or after the expiration of the Restricted
Periods, shall be made only pursuant to a registration of the Shares under the Securities Act or an exemption from registration
requirements of the Securities Act. The Subscriber also acknowledges and understands that the Company will, in order to approve
removal of the restrictive legend from certificates evidencing the Shares, require from the Subscriber (i) certain written
representations to indicate that the sale of the Shares was made in a transaction that complies with the provisions of Regulation
S, pursuant to a registration of the Shares under the Securities Act or pursuant to an exemption from the registration requirements
of the Securities Act and (ii) require a legal opinion in accordance with Section 8(a) hereof that removal of the legend
is appropriate;
	 	 	 

		(f)	The Subscriber has not engaged in any “directed selling efforts” (as defined in Regulation
S) in the United States regarding the Shares, nor has it engaged in any act intended to or that reasonably might have the effect
of preconditioning the U.S. market for the resale of the Shares;
	 	 	 

		(g)	The Subscriber is not a “distributor” as defined in Regulation S. The Subscriber acknowledges,
understands and agrees that, if the Subscriber should be deemed to be a distributor prior to reselling the Shares to a non-U.S.
Person during the Restricted Periods, the Subscriber will send a notice to each new subscriber of the Shares that such new subscriber
is subject to the restrictions of Regulation S during the Restricted Periods;
	 	 	 

		(h)	The Subscriber is not an officer, director or “affiliate” (as that term is defined
in Rule 405 under the Securities Act) of the Company or an “underwriter” or “dealer” (as such terms are
defined in the federal securities laws of the United States), and the purchase of the Shares by the Subscriber is not a transaction
(or part of a series of transactions) that is part of any plan or scheme to evade the registration provisions of the Securities
Act. The Subscriber understands and agrees that, if the Subscriber becomes an affiliate of the Company at any time after purchasing
the Shares, every sale made by it thereafter must be made in compliance with the provisions of Rule 144 of the Securities Act (“Rule
144”) (except for the two-year holding period requirement), including the filing of Form 144 with the U.S. Securities
and Exchange Commission at the time of the sale, as required under Rule 144. The Subscriber understands and agrees that the provisions
of Rule 144, if at any time applicable to it, are separate and apart from, and independent of, any restrictions imposed by Regulation
S and will apply even after the expiration of the Restricted Periods;
	 	 	 
	

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		(i)	The Subscriber does not have a short position in, or other hedged position with respect to, the
Shares or the shares of Common Stock of the Company and will not have a short position in, or other hedged position with respect
to, such securities at any time prior to the expiration of the Restricted Periods; and
	 	 	 

		(j)	If at any time after the expiration of the Restricted Periods the Subscriber wishes to transfer
or attempts to transfer the Shares to a U.S. Person, the Subscriber agrees to notify the Company if at such time it is an “affiliate”
of the Company or is then acting as an “underwriter,” “dealer” or “distributor” as to such
Shares (as such terms are defined in the federal securities laws of the United States or the regulations promulgated thereunder,
including, but not limited to, Regulation S), or if such transfer is being made as part of a plan or scheme to evade the registration
provisions of the Securities Act.
	 	 	 

		6.	Representations
and Warranties of the Company. The Company hereby represents and warrants to the Subscriber that:
	 	 	 

		(a)	Organization. The Company is duly organized and validly existing under the laws of the State
of Nevada and has the corporate power and authority to own its properties and assets and to carry on its business as now conducted.
The Company is duly qualified or authorized to do business as a foreign corporation in each jurisdiction in which the conduct of
its business or the ownership of its properties or assets requires such qualification or authorization, except where the failure
to be so qualified would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the
Company.
	 	 	 

		(b)	Authorization of Agreement; Enforceability. The Company has all requisite corporate power
and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution, delivery and performance
by the Company of this Agreement have been duly authorized by all necessary corporate action on the part of the Company. This Agreement
has been duly and validly executed and delivered by the Company and, assuming the due authorization, execution and delivery thereof
by the Subscriber, this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company
in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting
creditors’ rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of
whether enforcement is sought in a proceeding at law or in equity).
	 	 	 

		7.	Reliance.
                                                                                                                                                   The
                                                                                                                                                   Subscriber
                                                                                                                                                   acknowledges
                                                                                                                                                   and
                                                                                                                                                   agrees
                                                                                                                                                   that
                                                                                                                                                   the
                                                                                                                                                   Company
                                                                                                                                                   and
                                                                                                                                                   its
                                                                                                                                                   agents
                                                                                                                                                   are
                                                                                                                                                   relying
                                                                                                                                                   on
                                                                                                                                                   the
                                                                                                                                                   truth
                                                                                                                                                   and
                                                                                                                                                   accuracy
                                                                                                                                                   of
                                                                                                                                                   the
                                                                                                                                                   foregoing
                                                                                                                                                   representations
                                                                                                                                                   and
                                                                                                                                                   warranties
                                                                                                                                                   in
                                                                                                                                                   the
                                                                                                                                                   offering
                                                                                                                                                   of
                                                                                                                                                   the
                                                                                                                                                   Shares
                                                                                                                                                   for
                                                                                                                                                   sale
                                                                                                                                                   to
                                                                                                                                                   the
                                                                                                                                                   Subscriber
                                                                                                                                                   without
                                                                                                                                                   having
                                                                                                                                                   first
                                                                                                                                                   registered
                                                                                                                                                   the
                                                                                                                                                   Shares
                                                                                                                                                   under
                                                                                                                                                   the
                                                                                                                                                   Securities
                                                                                                                                                   Act.
                                                                                                                                                   All
                                                                                                                                                   representations,
                                                                                                                                                   warranties
                                                                                                                                                   and
                                                                                                                                                   covenants
                                                                                                                                                   contained
                                                                                                                                                   in
                                                                                                                                                   this
                                                                                                                                                   Subscription
                                                                                                                                                   Agreement
                                                                                                                                                   shall
                                                                                                                                                   survive
                                                                                                                                                   the
                                                                                                                                                   execution
                                                                                                                                                   and
                                                                                                                                                   delivery
                                                                                                                                                   of
                                                                                                                                                   this
                                                                                                                                                   Subscription
                                                                                                                                                   Agreement
                                                                                                                                                   and
                                                                                                                                                   the
                                                                                                                                                   consummation
                                                                                                                                                   of
                                                                                                                                                   the
                                                                                                                                                   transactions
                                                                                                                                                   contemplated
                                                                                                                                                   hereunder.
	 	 	 
	

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		8.	Restrictions on Transfer of the Shares.
	 	 	 

		(a)	No Transfer; Opinion of Counsel. The Subscriber acknowledges that there are restrictions
on the transferability of the Shares. Since the Shares are not registered under the Securities Act or applicable state securities
laws, the Subscriber acknowledges and agrees that it shall have no right at any time to sell, assign, pledge, hypothecate, distribute
(as a dividend or otherwise), transfer or otherwise dispose of or encumber the Shares (except by will or by the laws of descent
and distribution), unless the Company shall first have been provided with an opinion of counsel acceptable to the Company
that such sale is exempt from such registration under the Securities Act and any applicable state securities laws.
	 	 	 

		(b)	Restrictive Legends. The Subscriber is acquiring the Shares for its own account and not
with a view to their distribution within the meaning of Section 2(11) of the Securities Act. The Subscriber consents to the placement
of the following legend on the stock certificate(s) representing the Shares until such time as the Shares are eligible for sale
under Rule 144(k) under the Securities Act and prior to the registration for resale thereof:
	 	 	 

“THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE ‘SECURITIES
ACT’), AND MAY NOT BE offered or sold (I) in the united states or to u.s. persons BY OR ON BEHALF OF ANY U.S. PERSON, UNLESS
(A) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT IS IN EFFECT WITH RESPECT THERETO OR (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION
AND A WRITTEN OPINION FROM COUNSEL FOR THE ISSUER OR COUNSEL FOR THE HOLDER REASONABLY ACCEPTABLE TO THE ISSUER HAS BEEN OBTAINED
TO THE EFFECT THAT NO SUCH REGISTRATION IS REQUIRED AND (II) OUTSIDE THE UNITED STATES, UNLESS IN COMPLIANCE WITH RULE 904 UNDER
THE SECURITIES ACT AND THE PURCHASER IN SUCH TRANSaction PROVIDES A CERTIFICATION to the issuer THAT IT IS A NON-U.S. PERSON. each
beneficial holder, by accepting an interest in THE SECURITIES REPRESENTED BY THIS CERTIFICATE, agrees that any hedging transaction
involving SUCH SECURITIES MAY not be conducted unless in compliance with the securities Act. TERMS IN THIS LEGEND HAVE THE MEANINGS
GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.”

 

“Transfer
of securities represented by this certificate is restricted under the terms of a subscription Agreement, dated as of JULY ___, 2012
(the ‘subscription Agreement’), to which the Corporation is party. A copy of the subscription agreement will be furnished
to any stockholder upon written request, and without charge, within five (5) days after the corporation’s receipt of a written
request therefor.”

 

		9.	Notice
                                                                                                                                                   to
                                                                                                                                                   Subscriber.
                                                                                                                                                   Correspondence
                                                                                                                                                   and
                                                                                                                                                   notices
                                                                                                                                                   to
                                                                                                                                                   the
                                                                                                                                                   Subscriber
                                                                                                                                                   shall
                                                                                                                                                   be
                                                                                                                                                   sent
                                                                                                                                                   to
                                                                                                                                                   the
                                                                                                                                                   address
                                                                                                                                                   listed
                                                                                                                                                   below
                                                                                                                                                   the
                                                                                                                                                   signature
                                                                                                                                                   of
                                                                                                                                                   the
                                                                                                                                                   Subscriber
                                                                                                                                                   on
                                                                                                                                                   the
                                                                                                                                                   signature
                                                                                                                                                   page
                                                                                                                                                   of
                                                                                                                                                   this
                                                                                                                                                   Agreement
                                                                                                                                                   until
                                                                                                                                                   such
                                                                                                                                                   time
                                                                                                                                                   as
                                                                                                                                                   the
                                                                                                                                                   Subscriber
                                                                                                                                                   shall
                                                                                                                                                   notify
                                                                                                                                                   the
                                                                                                                                                   Company,
                                                                                                                                                   in
                                                                                                                                                   writing,
                                                                                                                                                   of
                                                                                                                                                   a
                                                                                                                                                   different
                                                                                                                                                   address
                                                                                                                                                   to
                                                                                                                                                   which
                                                                                                                                                   such
                                                                                                                                                   correspondence
                                                                                                                                                   and
                                                                                                                                                   notices
                                                                                                                                                   are
                                                                                                                                                   to
                                                                                                                                                   be
                                                                                                                                                   sent.
	 	 	 
	

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		10.	Miscellaneous.
	 	 	 

		(a)	The Subscriber agrees that this Agreement is not transferable or assignable.
	 	 	 

		(b)	The Subscriber agrees that, except as expressly permitted by any applicable state law, the Subscriber
may not cancel, terminate or revoke this Agreement or any agreement of the Subscriber made hereunder, and this Agreement shall
survive the death or legal disability of the Subscriber and shall be binding upon the Subscriber’s heirs, executors, administrators,
successors and assigns.
	 	 	 

		(c)	This Agreement and the Exhibits hereto constitute the entire agreement among the parties hereto
with respect to the subject matter hereof and may be amended only by a writing executed by both parties.
	 	 	 

		(d)	Headings are for convenience only and are not deemed to be part of this Agreement.
	 	 	 

		(e)	This Agreement may be executed in two or more counterparts, each of which shall be deemed an original,
but all of which together will constitute one and the same instrument. A facsimile, telecopy or other reproduction of this Agreement
may be executed by one or more parties hereto, and an executed copy of this Agreement may be delivered by one or more parties hereto
by facsimile or similar instantaneous electronic transmission device, pursuant to which the signature of, or on behalf of, such
party can be seen, and such execution and delivery shall be considered valid, binding and effective for all purposes as of the
date first written above. At the request of any party hereto, all parties hereto agree to execute an original of this Agreement,
as well as any facsimile, telecopy or other reproduction hereof.
	 	 	 

		(f)	This Agreement and the rights and obligations of the parties hereunder shall be enforced, governed
and construed in all respects in accordance with the internal substantive laws of the State of Nevada (without reference to principles
of conflicts or choice of law that would cause the application of the internal laws of any other jurisdiction).
	 	 	 

		(g)	The Subscriber acknowledges that, if it is a resident of any state whose “blue sky laws”
or other local securities laws require a restriction on transferability of securities, it will comply with such restriction requirements.
	 	 	 

		(h)	If any part of any provision of this Agreement or any other agreement or document given pursuant
to or in connection with this Agreement shall be invalid or unenforceable in any respect, such part shall be ineffective to the
extent of such invalidity or unenforceability only, without in any way affecting the remaining parts of such provision or the remaining
provisions of this Agreement.
	 	 	 

		11.	Confidentiality. Except as may be required by
applicable law or as otherwise agreed among the parties hereto, neither the Company nor the Subscriber nor any of their respective
Affiliates (as defined below) shall at any time divulge, disclose, disseminate, announce or release any information to any person
(i) concerning this Agreement or the transactions contemplated hereby, without first obtaining the prior written consent of
the other party hereto or (ii) any trade secrets or other confidential information of the other party hereto (or its Affiliates),
without first obtaining the prior written consent of such other party hereto; provided, however, that each party
shall be entitled to disclose information with respect to the Subscriber’s investment in the Company on any reports such
Subscriber furnishes to its investors or as otherwise required by any federal, state, local or foreign law (including common law),
statute, code, ordinance, rule, regulation or other requirement or guideline. An “Affiliate” of any specified
person shall mean any other person that directly or indirectly controls, or is under common control with, or is controlled by,
such specified person. As used in this definition, “control” (including with its correlative meanings, “controlled
by” and “under common control with”) shall mean the possession, directly or indirectly, of the power
to direct or cause the direction of the management or policies of a person (whether through ownership of securities or partnership
or other ownership interests, by contract or otherwise).
	 	 	 

[Signature Page Follows]

 

 

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IN WITNESS WHEREOF, the Subscriber
has executed this Subscription Agreement as of July __ , 2012.

 

SUBSCRIBER:

	
         

         

         

        

        ____________________
	
         

         

                   US$          

        Total Dollar Amount of Subscription

	
         

         

        Not applicable

_______________________

Tax Identification Number
	
         

         

         

                  US$ 2.00          

        Price Per Share

	 	 
	 	
         

         

        ____________________

        Total Number of Shares

 

Mailing Address and Phone Number of Subscriber:

c/o Union Hub Technology Sdn Bhd

11-2, Jalan 26/70A,

Desa Sri Hartamas

50480 Kuala Lumpur

Malaysia

Telephone: +6013 398 3183

 

Accepted and agreed to as of July __, 2012:

 

PRIME GLOBAL CAPITAL
GROUP INCORPORATED

 

 

By: ____________________________________

Name: Liong Tat Teh

Title: Chief Financial Officer

 

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Exhibit A

 

 

PRIME
GLOBAL CAPITAL GROUP INCORPORATED

 

 

ACCREDITED INVESTOR QUESTIONNAIRE

 

 

In connection with that certain Subscription
Agreement, dated as of July __, 2012, by and between _________ (the “Subscriber”) and Prime Global Capital Group
Incorporated, a Nevada corporation (the “Company”), pursuant to which the Subscriber has subscribed for, and
(subject to acceptance by the Company) has agreed to purchase from the Company, _______ shares (collectively, the “Shares”)
of common stock, with a par value of US$0.001 per share (“Common Stock”), of the Company the undersigned represents
and warrants to the Company as follows:

 

1. Status as “Accredited Investor”

 

The undersigned understands that the sale
of the Shares is limited solely to “Accredited Investors”, as that term is defined under Regulation D of the Securities
Act of 1933, as amended (the “Act”). Under Regulation D, individuals and entities meeting the qualifications
set forth below are Accredited Investors. By checking one of the boxes set forth below, the undersigned represents and warrants
to the Company that the undersigned is an Accredited Investor by reason of the qualifications described opposite the checked box:

 

A. Individual Investors.

 

		 ̈	Any natural person whose net worth, or joint net worth with that person’s
spouse, at the time of the purchase exceeds US$1,000,000, excluding the value of the primary residence of such natural person or
persons.
	 

		 ̈	Any natural person who had an individual income in excess of US$200,000 in
each of the two most recent years or joint income with that person’s spouse in excess of US$300,000 in each of those years
and has a reasonable expectation of reaching the same income level in the current year.
	 	 	 
		 ̈	Any executive officer or director of the Company.

 

 

 

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B. Investor Entities.

 

		 ̈	Any
entity in which all of the equity owners are Accredited Investors.

 

		 ̈	A corporation, partnership, business trust, limited liability company
or Section 501(c)(3) organization with total assets in excess of US$5,000,000 that was not formed for the specific purpose of acquiring
shares of Common Stock.

 

		 ̈	Any trust with total assets in excess of US$5,000,000, not formed for the
specific purpose of acquiring shares of Common Stock, whose purchase of shares of Common Stock is directed by a person who has
such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks
of the prospective investment in shares of Common Stock. Note: If this qualification is selected, the representative of the
trust must deliver to the Company a written summary of his or her knowledge and experience in financial and business matters on
a separate form to be provided by the Company.

 

		 ̈	Any private business development company as defined in Section 202(a)(22)
of the Investment Advisers Act of 1940.

 

		 ̈	Any organization described in Section 501(c)(3) of the Internal Revenue Code,
corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring shares of
Common Stock, with total assets in excess of US$5,000,000.

 

The undersigned is a
___________________ meeting the foregoing description. (Insert Type of Entity)

 

 

		 ̈	Any bank as defined in Section 3(a)(2) of the Act, or any savings and loan
association or other institution as defined in Section 3(a)(5)(A) of the Act whether acting in its individual or fiduciary capacity;
any broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended; any insurance company
as defined in Section 2(13) of the Act; any investment company registered under the Investment Company Act of 1940 or a business
development company as defined in Section 2(a)(48) of that Act; Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; any plan established and maintained by
a state, its political subdivisions or any agency or instrumentality of a state or its political subdivisions for the benefit of
its employees, if such plan has total assets in excess of US$5,000,000; employee benefit plan within the meaning of the Employee
Retirement Income Security Act of 1974 if the investment decision is made by a plan fiduciary, as defined in Section 3(21)
of such Act, which is either a bank, savings and loan association, insurance company or registered investment adviser, or if the
employee benefit plan has total assets in excess of US$5,000,000 or, if a self-directed plan, with investment decisions made solely
by persons that are Accredited Investors.

 

 

    	10

    	 	

    
 

The undersigned is a _____________________
meeting the foregoing description. (Insert Type of Entity)

 

 

2. Certification as to Location of Residence
or Principal Place of Business. The undersigned represents and warrants to the Company that the undersigned is a resident of
the location listed in the address of the undersigned set forth below, or, if the undersigned is an entity, that the principal
place of business of the undersigned is such address.

 

 

 

	[Signature Block For Individuals]	 	[Signature Block For Entities]
	 	 	 
	 	 	Not applicable
	 	 	 
	(Signature)	 	(Name of Entity)
	 	 	 
	 	 	 
	 	 	By:
	(Printed Name)	 	    Name:
	 	 	    Title:
	 	 	 
	c/o Union Hub Technology Sdn Bhd	 	 
	11-2, Jalan 26/70A,	 	 
	(Street Address of Residence)	 	(Street Address of Principal Office)
	 	 	 
	 	 	 
	Desa Sri Hartamas	 	 
	50480 Kuala Lumpur	 	 
	(City or Town)  (State)  (Zip Code)	 	(City or Town)  (State)  (Zip Code)
	 	 	 
	 	 	 
	Malaysia	 	 
	(Country)	 	(Country)
	 	 	 
	 	 	 
	+6013 398 3183	 	 
	(Daytime Telephone Number)	 	(Daytime Telephone Number)

 

 

 

Date: July __, 2012

 

 

    	11Exhibit 10.7

 

 

Confidential treatment
has been requested for portions of this document indicated by [***], which portions are filed separately with the Commission.

 

 

 

 

 

LICENSING PROGRAM SERVICES
AGREEMENT

 

Between

 

ALLIACENSE LIMITED, LLC

 

And

 

PHOENIX DIGITAL SOLUTIONS, LLC

 

 

	1.	DEFINITIONS	2
	2.	CONDUCT OF THE PROJECT	4
	3.	COMPENSATION	5
	4.	TERM AND TERMINATION	5
	5.	REPRESENTATIONS AND WARRANTIES	6
	6.	DISPUTE RESOLUTION	6
	7.	GENERAL	7
	8.	UNDERTAKING BY PTSC AND TPL	8
	 	Exhibit A:  SCHEDULE OF PROJECT PATENTS	9
	 	Exhibit B:  PROJECT DESCRIPTION	10
	 	Exhibit C:  SCHEDULE OF LITIGATION PROJECTS	11

 

 

 

 

    	 

    	 

    

LICENSING PROGRAM SERVICES AGREEMENT

 

This Agreement
is entered into between ALLIACENSE LIMITED, LLC, a Delaware limited liability corporation (“Alliacense”), having its
principal place of business at 20883 Stevens Creek Boulevard, Suite 100, Cupertino, California 95014, and PHOENIX DIGITAL SOLUTIONS
LLC (“PDS”), a Delaware limited liability company, having its principal place of business at 20883 Stevens Creek Boulevard,
Suite 100, Cupertino, CA 95014. In this Agreement, Alliacense and PDS may be referred to individually as “Party”
and collectively as the “Parties.”

 

WHEREAS Alliacense provides an array of
intellectual property licensing program support services, including but not limited to reverse engineering, engineering analysis,
IP analysis, business analysis, marketing and sales (“Licensing Services”); and

 

WHEREAS Alliacense also provides an array
of intellectual property litigation program support services, including but not limited to strategic defendant selection, infringement
contention preparation, claim construction development and strategy, patent prosecution management, and reexamination defense and
strategy (“Litigation Support”); and

 

WHEREAS certain of the Alliacense personnel
have provided substantial support to TPL with licensing the Project Patents to date and PDS and PTSC and TPL desire to contract
directly with Alliacense going forward to ensure that the same Alliacense team continues its Project Patents focus; and

 

WHEREAS PDS requires certain combinations
of the type of services Alliacense provides in connection with the commercialization of Project Patents.

 

NOW THEREFORE, for and in consideration
of the mutual covenants herein contained as well as other good and valuable consideration the receipt and sufficiency of which
is hereby acknowledged, the parties hereto covenant and agree that:

 

	1.	Definitions.

 

	 	1.1.	“Project Patents” means the patents and applications scheduled at Exhibit A entitled “Schedule of Project Patents,” as well as all progenitors and progeny thereof, and all additions, changes, amendments, modifications, actions, counterparts, continuations, continuations-in-part, extensions, reissues, divisionals and/or renewals of such items, progenitors, and/or progeny.
	 	 	 
	 	1.2.	“Project” means the Licensing Services and Litigation Support scheduled at Exhibit B entitled, “Project Description.”
	 	 	 
	 	1.3.	“PTSC” means Patriot Scientific Corporation, a Delaware corporation having its principal place of business at 701 Palomar Airport Road, Suite 170, Carlsbad, CA 92011-1045, together with its heirs, executors, administrators, representatives, successors and assigns.
	 	 	 

 

    	2

    	 

    

 

 

	 	1.4.	”TPL” means Technology Properties Limited LLC, a California limited liability company having its principal place of business at 20883 Stevens Creek Blvd., Suite 100, Cupertino, CA 95014, together with its heirs, executors, administrators, representatives, successors and assigns.
	 	 	 
	 	1.5.	“Recovery” means the gross amount of all value received by PDS and PTSC and TPL from enforcing the Project Patents, or under any license or settlement agreement under the Project Patents, whether in satisfaction of any settlement, release of any claim, any judgment, any transfer of rights relating to the Project Patents, and/or any theory of recovery or award as alleged or to be alleged in the court action, including any award of damages, increased or treble damages, costs, attorneys’ fees, and interest, whether by compromise or judgment after suit is filed, or transfer of ownership in the Project Patents or transfer of ownership of PDS.

 

	 	1.5.1.	Recovery excludes:  (i) consideration not actually received by PDS, such as mere tax credits unless and until such credits are used; and (ii) intangible consideration, such as goodwill in the licensing program or trademarks associated with the IP, and (iii) consideration related to separate transactions that do not involve the IP.
	 	 	 
	 	1.5.2.	Recovery also includes non-monetary, tangible consideration such as patents or shares of corporate interest. In the event of such Recovery, PDS and Alliacense shall in good faith negotiate, on a case-by-case basis, the appropriate basis for and amount of the Recovery, such as the monetary equivalent or the like and to assign a monetary present value to such non-monetary terms at the time of settlement.

 

	 	1.6.	“Expenses” means the actual costs incurred for travel expenses for Litigation Support, third party expert and consultant fees and related expenses, costs of charts and other visual aids obtained from third parties, on-line computer research costs, third party reverse engineering, third party technical and economic research, translators and interpreters, and other direct third-party expenses reasonably incurred, without any applied markup of costs, in the pursuit of the Project.Expenses shall be documented and also includes:

 

	 	1.6.1.	Product Costs (i.e., costs of products
for testing and analysis), and Laboratory Costs (i.e.; costs of the maintenance and repair of lab equipment consumed or damaged
in pursuit of the Project, as well as the costs of acquisition of or access to specialized equipment not in inventory and required
to pursue the Project). Costs exceeding five thousand dollars per item shall require the pre-approval of PDS.
	 	 	 
	 	1.6.2.	All costs incurred by or on behalf of Alliacense as a result of Alliacense being required to participate as a party in any lawsuit (other than a suit brought by a Party and arising under this Agreement) involving the Project Patents.

 

 

    	3

    	 

    

 

 

	2.	Conduct of the Project.

 

	 	2.1.	Alliacense shall exert commercially reasonable efforts to implement the Project; and shall have no obligation to pursue or fund any effort to prosecute, maintain, enforce or defend any element of the Project Patents other than as specifically provided for in Exhibits B and C, and including any amendments thereto agreed in writing hereafter by both Parties.
	 	 	 
	 	2.2.	Relationship.

 

	 	2.2.1.	Alliacense may utilize the services of its various personnel who may be lawyers to implement the Project.  Such services shall for no purpose be deemed to be legal services or to give rise to a lawyer-client relationship between Alliacense and/or such personnel on the one hand, and PDS or PTSC or TPL or Charles H. Moore on the other hand.  Without limiting the foregoing, neither Alliacense nor such personnel shall for any purpose be deemed to have (i) provided legal services or advice to, (ii) undertaken the representation of, or (iii) entered into a lawyer-client relationship with PDS or PTSC or TPL or Charles H. Moore.
	 	 	 
	 	2.2.2.	This Agreement shall not constitute, create, or in any way be interpreted as a joint venture, employment relationship, partnership, agency relationship, or business organization of any kind between Alliacense on the one hand and the PDS or PTSC or TPL or Charles H. Moore on the other.

 

	 	2.3.	Designated Contacts.  Alliacense and PDS shall establish Project Contacts that will be responsible for continuous, substantive and appropriate communications between Alliacense and PDS regarding the status of the Project, and the on-going requirements, demands, priorities, adjustments and like.
	 	 	 
	 	2.4.	Status Meetings.  At least once every two weeks, Alliacense and PDS shall meet to provide each other relevant status information, wherein (i) Alliacense shall provide a progress report summarizing efforts being undertaken under the Project, and (ii) PDS shall provide a report summarizing events of which it has knowledge that may reasonably be expected to be relevant to the Project business.
	 	 	 
	 	2.5.	Cooperation.  As requested by Alliacense, PDS shall have a continuing obligation to exert its reasonable best efforts:

 

	 	2.5.1.	To cooperate with Alliacense in the execution of its obligations, and to support the Project by, for example, promptly executing (upon reasonable request) and to delivering all documents, instruments, and things necessary or useful in the conduct of Alliacense's activities hereunder; and
	 	 	 
	 	2.5.2.	To avoid and refrain from any and all activity of any kind or nature which may impede, impair, frustrate or otherwise interfere with the activities of Alliacense in the execution the Project (including, for example, that any communication by PDS or PTSC or TPL characterizing the nature of the Project Patents, or the licenses or litigation involving the Project Patents shall be subject to the pre-approval of Alliacense, such approval not to be unreasonably delayed or withheld); and
	 	 	 
	 	2.5.3.	To impose the covenants of this Agreement on the PTSC and TPL and their respective directors, officers, employees, consultants, attorneys, agents and other affiliates or representatives; and to be responsible hereunder for each and every failure in the good and faithful performance of this Agreement by PTSC and TPL and/or their respective directors, officers, employees, consultants, attorneys, agents and other affiliates or representatives.

 

    	4

    	 

    

 

 

	3.	Compensation.  [***]
	 	 
	4.	Term and Termination.

 

	 	4.1.	Useful Life.  This Agreement shall continue for the Useful Life of the Project Patents.  “Useful Life” means the greater of the period of time during which any of the Project Patents is either susceptible to legal protection, or reasonably perceived by PDS to have commercial value; and in either case, may extend beyond the expiration of the Project Patents themselves.  After the expiration of the term in such circumstance, neither Party shall have any further obligation hereunder other than PDS’ obligations under Section 3 of this Agreement.
	 	 	 
	 	4.2.	Material Reduction in Value.  In the event that facts or events are discovered or occur which materially reduce the reasonable evaluation of the commercial value of the Project Patents and commercial viability of the Project, and the Parties have not agreed to terminate this Agreement pursuant to Section 4.1 above, then the Parties shall promptly agree to an economically reasonable reduction in the scope of the Project Description and to a proportionate reduction in the Advances of Section 3.2.
	 	 	 
	 	4.3.	Termination for Cause.  Alliacense may terminate this Agreement upon the failure of PDS (or of PTSC or of TPL) to substantially perform any of its material obligations to be performed hereunder, including without limitation the payment obligations pursuant to Section 3 Agreement.  In the event of such termination by Alliacense, neither Party shall have any further obligation hereunder other than PDS’ obligations with respect to (a) accrued Expenses, and (b) Licensing Services Fees (subject to any offsets pursuant to Section 3.2), and (c) accrued Litigation Support Fees, and (d) accrued Advances.
	 	 	 
	 	4.4.	Termination without Cause.  Alliacense may terminate this Agreement at any time without cause, and in the event of such termination by Alliacense, neither Party shall have any further obligation hereunder other than:

 

	 	4.4.1.	PDS’ obligations with respect to (a) accrued Expenses, and (b) Licensing Services Fees with respect to Recovery arrangements made prior to such termination (subject to any offsets pursuant to Section 3.2), and (c) accrued Litigation Support Fees, and (d) accrued Advances; and
	 	 	 
	 	4.4.2.	Alliacense shall provide to PDS the MMP Portfolio Licensing Program licensee communications files (which contain all communications to and from prospective and actual licensees).

 

    	5

    	 

    

 

 

	5.	Representations and Warranties.

 

	 	5.1.	PDS and PTSC and TPL acknowledge, represent, and warrant to Alliacense that:

 

	 	5.1.1.	PDS has the exclusive right to regulate and control by license and to sue and collect damages in its own name and benefit under the Project Patents; and
	 	 	 
	 	5.1.2.	Alliacense has prepared this Agreement at the request of PDS and PTSC and TPL, and such preparation by Alliacense shall not be used as basis for construing the terms hereof against Alliacense or otherwise; and
	 	 	 
	 	5.1.3.	Neither Alliacense nor its representatives have for any purpose undertaken the representation of or entered into a lawyer/client relationship with the PDS or PTSC or TPL or Charles H. Moore or their representatives; and
	 	 	 
	 	5.1.4.	PDS and PTSC and TPL release, acquit, and agree to hold Alliacense and its representatives harmless with respect to all claims of whatsoever kind or nature related to the preparation, execution, and delivery of this Agreement; and
	 	 	 
	 	5.1.5.	PDS and PTSC and TPL have sought and received the advice of independent counsel and are in no way relying on any advice or representations of Alliacense or its representatives.

 

	 	5.2.	Each Party represents, warrants and covenants that it has the right to enter this Agreement, and to undertake the duties hereunder.

 

Dispute Resolution. All rights
and obligations under this Agreement shall be resolved as if all persons and all transactions related to this Agreement had their
legal residence, situs, and employment in Santa Clara County, California. Within 15 days after written notice of the dispute, members
of the most senior management of the parties shall meet and exercise their commercially reasonable efforts to resolve any dispute
under this Agreement. If unresolved, then in the event of a legal proceeding, the cost of translating into English all discoverable
materials, and of providing contemporaneous translation of all live testimony shall be borne by PDS. All performances due hereunder
shall continue unabated throughout the entire process and a final adjudication in accordance with the terms hereof has been made
from which no appeal or review can be undertaken. The prevailing party as determined by the trier of fact, whether judge,
or jury, shall be awarded reimbursement of all expenses, court costs, and attorneys fees.’

 

	6.	General.

 

		6.1.	In no event shall any right, duty or privilege arising hereunder be assigned by either party to an entity which it does not
own and control without the prior written consent of the other parties. Any attempted or purported assignment without such consent
shall be voidable at the option of the non-consenting party.

 

		6.2.	Any covenant requiring a party to perform or provide an act or service shall be construed to impose upon such party the burden
of the cost thereof unless otherwise provided for herein.

 

		6.3.	Section titles are intended only to aid and assist the reader and are not intended to be descriptive of the contents of the
section or to be used for construction or interpretation.

 

    	6

    	 

    

 

		6.4.	The failure of any provision of this Agreement by virtue of its being construed as invalid or otherwise unenforceable shall
render the entire Agreement cancelable at the option of the party asserting the enforceability of the said provision.

 

		6.5.	All notices shall be in writing and effective upon delivery or upon posting by certified mail, return receipt requested, addressed
as follows (or such other address as may be hereafter designated):

 

	If to PDS:	If to Alliacense:
	
        Attention:

         

        PDS Managers

         

        Daniel E. Leckrone

        20883 Stevens Creek Blvd, Suite 100

        Cupertino, CA 95014

         

        Carlton M. Johnson

        1120 Sanctuary Pkwy, Suite 325

        Alpharetta, GA 30009

         

        General Counsel, TPL

        20883 Stevens Creek Blvd, Suite 100

        Cupertino, CA 95014

         

        General Counsel, PTSC

         

         
	
        Attention:

         

        Mac Leckrone, President

         

        Alliacense Limited LLC

        20883 Stevens Creek Boulevard

        Suite 100

        Cupertino, CA 95014

         

         

        And by email to: customerservice@alliacense.com

 

		6.6.	This Agreement together with its Exhibits contains the entire agreement between the Parties and supersedes any and all other
agreements between them, or between or among Alliacense and/or PTSC and/or TPL relating to the subject matter hereof.

 

		6.7.	This Agreement shall create no rights or licenses to any intellectual property between or among the parties, nor shall it create
any obligation to share technology, trade secrets, know-how, show-how and other proprietary developments and discoveries conceived
or reduced to practice during the course of the Project.

 

		6.8.	Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed,
in the case of an amendment, by all parties hereto, or in the case of a waiver, by the party against whom the waiver is to be effective.

 

	7.	Undertaking by PTSC and TPL. By these presents, the undersigned PTSC and TPL acknowledge that they each have reviewed, understand,
approve and will support this Agreement.

 

 

    	7

    	 

    

 

IN WITNESS WHEREOF, the parties have hereunto
set their hands and seal as of the date of the execution hereof by the last signatory hereto.

 

 

	Phoenix Digital Solutions	 	Phoenix Digital Solutions	 
	 	 	 	 	 	 
	By: 	/s/ Carl Johnson	 	By: 	/s/ Dan Lackrone	 
	 	 	 	 	 	 
	Carl Johnson	 	Dan Leckrone	 
	 	 	 	 	 	 
	Title: 	Manager	 	Title: 	Manager	 
	 	 	 	 	 	 
	Date:  6July 2012	 	Date:  6 July 2012	 

 

 

	Alliacense Limited LLC
	 	 
	By: 	/s/ Mac Leckrone
	 	 
	Mac Leckrone
	 	 
	Title: 	President
	 	 
	Date: 7   July 2012

 

	Patriot Scientific Corporation
	 	 
	By: 	/s/ Carlton Johnson
	 	 
	Carlton Johnson
	 	 
	Title: 	Chairman of Executive Committee
	 	 
	Date:  6 July 2012

 

	Technology Properties Limited
	 	 
	By: 	/d/ Dan Leckrone
	 	 
	Dan Leckrone
	 	 
	Title: 	Chairman
	 	 
	Date:  7 July 2012

 

 

    	8

    	 

    

EXHIBIT A

 

SCHEDULE OF PROJECT PATENTS

 

 

 

 

 

    	9

    	 

    

EXHIBIT B

 

PROJECT DESCRIPTION

 

[***]

 

 

 

 

 

 

    	10

    	 

    

EXHIBIT C

 

SCHEDULE OF LITIGATION PROJECTS

 

The Parties acknowledge that, as of the date
of this Agreement, PDS desires Alliacense to provide Litigation Support for three projects, as described below. Additional projects
may be added as the Parties agree; provided however that If and to the extent any Litigation Support project is agreed to be provided
by Alliacense, it shall be documented in the form of a (1) a project management plan, and (2) a schedule of associated fees.

 

Litigation Support Fees are due and payable
within 10 days after the end of each calendar month.

 

 

 

[***]

 

 

 

 

 

11

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