Document:

ex_10-12.htm

 

ULURU Inc.

CONSULTING  AGREEMENT

(Velocitas GmbH)

This Consulting Agreement (this “Agreement”) dated as of the 1st day of April, 2017 (the “Effective Date”), is made by and between Uluru Delaware Inc., a Delaware corporation, being a wholly owned subsidiary of ULURU Inc., a Nevada corporation,  (collectively the “Company”), and Velocitas GmbH (the “Consultant”).

WHEREAS, the Company desires to engage the Consultant to serve as a Consultant and perform consulting services on behalf of the Company and the Consultant desires to perform such services on the terms and conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth herein the parties hereby agree as follows:

1.           Consulting Services.

 

 (a)           The Company hereby retains the Consultant and the Consultant hereby agrees to perform such consulting and advisory services in the Field of Interest (as defined below) as the Company may request, including those set forth in Schedule A and such other services as may be mutually agreed upon by Consultant and the Company from time to time (the “Consulting Services”). For purpose of this Agreement, “Field of Interest” shall mean:  Wound care management, transmucosal drug delivery, general corporate purposes.

(b)           The Consultant agrees to be available to render the Consulting Services, at such times and locations as may be mutually agreed, from time to time as requested by the Company. Except as provided in Schedule A, the Consultant may deliver the Consulting Services over the telephone, in person, by email, or by written correspondence.

(c)           The Consultant agrees to devote Consultant’s best efforts to performing the Consulting Services. The Consultant shall comply with all rules, procedures and standards promulgated from time to time by the Company with regard to the Consultant’s access to and use of the Company’s property, information, intellectual property, equipment and facilities.

2.           Compensation.  The Company shall pay the Consultant a consulting fee and fixed business expenses as provided in Schedule A. Additionally, the Company will reimburse the Consultant for such reasonable business expenses as are incurred by the Consultant in the performance of Consulting Services for the Company and pre-approved in writing by the Company.

3.           Independent contractor. In furnishing the Consulting Services, the Consultant understands that Consultant will at all times be acting as an independent contractor of the Company and, as such, will not be an employee of the Company and will not by reason of this Agreement or by reason of his Consulting Services to the Company be entitled to participate in or to receive any benefit or right under any of the Company’s employee benefit or welfare plans. The Consultant also will be responsible for paying all withholding and other taxes required by law to be paid as and when the same become due and payable. Consultant shall not enter into any agreements or incur any obligations on behalf of the Company.

4.           Terms.  Either party may terminate this Agreement, in writing, at any time for any reason, without cause and with a thirty (30) day notice period.  Either party may terminate this Agreement immediately by written notice if it is discovered that the other party has intentionally or in a willful, wanton or reckless manner made any material, false representation, report or claim relative to this Agreement; or engaged in any deceptive trade practices.  Upon termination, Consultant will immediately (a) transition all client and other information to the Company; (b) discontinue use of all client data; (b) destroy any and all client data and other Confidential Information; and (c) cease representation, in any manner, as a Consultant of the Company. Upon termination, Consultant will receive no further compensation from Company and Consultant waives rights to such compensation.

        5.           Exceptions to this Agreement.

(a)           Managing Conflicts of Interest. The Consultant represents and agrees that the execution, delivery, and performance of this Agreement does not and will not conflict with any other agreement, policy, or rule applicable to the Consultant including without limitation, any regulation, condition of employment or ethical rule to which the Consultant may be subject. The Consultant will not (x) disclose to the Company any information that the Consultant is required to keep secret pursuant to an existing confidentially agreement with a third party, (y) use the funding, resources, facilities, or inventions of any other third party to perform the Consulting Services, or (z) perform the Consulting Services in any manner that would give the any other third party rights to any intellectual property created in connection with such services. The Consultant agrees to not, without the prior written consent of the Company, undertake any assignments with other third parties that could create a conflict of interest with regard to the business activities of the Company and / or that may affect the Consultant’s ability to deliver his obligations under this Agreement in a timely and effective manner.

(b)           Prior Inventions and Interests.   The Consultant has informed the Company, in writing, of any and all inventions, assets and companies and ventures in the Field of Interest in which the Consultant has directly or indirectly, an economic or other interest or affiliation and otherwise intends to exclude from this Agreement because such arrangement was established by the Consultant prior to the Effective Date. The Consultant acknowledges that after execution of this Agreement Consultant shall have no right to exclude any Company Inventions or other Business Opportunities (as defined in Section 7) from this Agreement.

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    6.           Confidential Information.

(a)           While providing the Consulting Services to the Company and thereafter, the Consultant shall not, directly or indirectly, use any Confidential Information (as defined below) other than pursuant to the Consultants provision of the Consulting Services by and for the benefit of the Company, or disclose to anyone outside of the Company any such Confidential Information. The term “Confidential Information’ as used throughout this Agreement shall mean all trade secrets, proprietary information and other data or information (and any tangible evidence, record or representation thereof), written or oral, whether prepared, conceived or developed by a consultant or employee of the Company (including the Consultant) or received by the Company from an outside source, which is in the possession of the Company (whether or not the property of the Company) and which is maintained in secrecy or confidence by the company. Without limiting the generality of the foregoing, Confidential Information shall include:

(i)           any idea, improvement, invention, innovation, development, concept, technical data, design, formula, device, pattern, sequence, method, process, composition of matter, computer program or software, source code, object code, algorithm, model, diagram, flow chart, product specification or design, plan for a new or revised product, sample, compilation of information, or work in process, or parts thereof, and any and all revisions and improvements relating to any of the foregoing (in each case whether or not reduced to tangible form); and

(ii)           the name of any customer, supplier, employee, prospective customer, sales agent, supplier or consultant, any sales plan, marketing material, plan or survey, business plan or opportunity, product or development plan or specification, business proposal, financial record, or business record or other record or information relating to the present or proposed business of the company.

Notwithstanding the foregoing, the term Confidential Information shall not apply to information which the Company has voluntarily disclosed to the public without restriction or which has otherwise lawfully entered the public domain.

(b)           The Consultant acknowledges that the Company from time to time has in its possession information (including product and development plans and specifications) which represents information which is claimed by others to be proprietary and which the Company has agreed to keep confidential. The Consultant agrees that all such information shall be Confidential Information for the purposes of this Agreement.

(c)           The Consultant agrees that all originals and all copies of materials containing, representing, evidencing, recording, or constituting any Confidential Information, however and whenever produced (whether by the Consultant or others), shall be the sole property of the Company.

(d)           Without limiting any of the foregoing, Consultant hereby acknowledges that Consultant is aware, that the federal and state securities laws prohibit any person who is in possession of material, non-public information concerning the matters which are subject of this Agreement from purchasing or selling securities of the Company (other than from or to the Company) and/or any other form, entity or organization which may be a party to a transaction, or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person may purchase or sell such securities. Consultant agrees that Consultant will not purchase or sell, or enter into any agreements with respect to the purchase or sale, of any securities of the Company (other than to or from the Company), including options, warrants and other derivative securities, unless and until all material, non-public information concerning the matters, which are subject of this agreement ceases to materialize or is fully disclosed to the public.

7.           Inventions and Business Opportunities.

(a)           Certain inventions, products and services made by others. The Consultant will use best efforts to disclose to the Chief Executive Officer of the Company technology, product and other business opportunities which come to the attention of the Consultant in the Field of Interest (“Business Opportunities”), and any invention, improvement, discovery, process, formula or method or other intellectual property relating to or useful in, the Field of Interest, whether or not patentable or copyrightable, and whether or not discovered or developed by Consultant.

(b)           Certain inventions made by the Consultant. Subject to the Consultant’s obligations to the Institution, the Consultant agrees that all Confidential Information and all other discoveries, inventions, ideas, concepts, business strategies, trademarks, service marks, logos, processes, products, formulas, computer programs or software, source codes, object codes, algorithms, machines, apparatuses, items of manufacture or composition of matter, or any new uses thereof or improvements thereon, or any new designs or modifications or confederations of any kind, or works authorship of any kind, including, without limitation, compilations and derivative works, whether or not patentable or copyrightable, conceived, developed, reduced to practice or otherwise made by the Consultant, either alone or with others, and in any way related to or arising out of: (i) the Field of Interest when made on or after the Effective Date: (ii) the Consulting Services; or (iii) Confidential Information of the Company, whether or not conceived, developed, reduced to practice or made on the Company’s premises (collectively “Company Inventions”), and any and all services and products which embody, emulate or employ any such Company Invention or Confidential Information shall be the sole property of the Company and all copyrights, patents, patents rights, trademarks and reproduction rights to, and other proprietary rights in, each such Company Invention or Confidential Information, whether or not patentable or copyrightable, shall belong exclusively to the Company without further compensation to any kind to Consultant. The Consultant agrees that all such Company Inventions shall constitute works made for hire under the copyright laws of the United States and hereby assigns and, to the extent any such assignment cannot be made at the present time, agrees to assign to the company, without any additional consideration from the Company, any and all copyright, patents and other proprietary rights Consultant may have in any such Company Invention, together with the right to file and/or own wholly without restrictions applications for United States and foreign patents, trademark registration and copyright registration and any patent, or trademark or copyright registration issuing thereon.

8.           Consultant’s obligation to keep records. Consultant shall make and maintain adequate and current written records of all Company Inventions, Business Opportunities and services provided under this Agreement and shall disclose all Company Inventions and Business Opportunities promptly, fully and in writing to the Company immediately upon development of the same and at any time upon request.  All such records, whether paper or electronic, shall be the sole property of the Company and subject to Company’s control and review at any time.

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    9.           Consultant’s obligation to cooperate.  The Consultant will, at any time during or after the term of this Agreement, upon request of the Company, execute all documents and perform all lawful acts which the Company considers necessary or advisable to secure its rights hereunder and to carry out the intent of this Agreement. Without limiting the generality of the foregoing, the Consultant will : (i) assist the Company in any reasonable manner to obtain for the Company’s benefit patents or copyrights in any and all countries with respect to all Company Inventions assigned pursuant to Section 7, and the Consultant will execute,  when requested, patent and other and other applications and assignments thereof to the Company, or Persons (as defined below) designated by it, and any other lawful documents deemed necessary by the Company to carry out the purposes of this Agreement; (ii) assist the Company in every way to enforce any patents or copyright obtained, including testifying in any suit or proceeding involving any off set patents or copyrights or executing any documents deemed necessary by the Company; and (iii) assist the Company in every way to pursue any business opportunities selected by the Company. For purposes of this Agreement, “Person” shall mean an individual, a corporation, an association, a partnership, an estate, a trust and any other entity or organization.

10.           Noncompetition. Subject to written waivers that may be provided by the Company upon request, which shall not be unreasonably withheld, the Consultant agrees that during the term of this Agreement and for a period of two years after the termination of this Agreement (the “Restricted Period”), the Consultant shall not directly or indirectly (i) provide any services in the Field of Interest to any Person other than the Company, (ii) become an owner, partner, shareholder, consultant, agent, employee or co-venturer of any person that has committed, or intends to commit, significant resources to the Field of Interest. Notwithstanding the foregoing, the Consultant may purchase as a passive investment up to one percent (1%) of any class or series of outstanding voting securities of any person that has committed significant resources to the Field of Interest if such class or series is listed on a national or regional securities exchange or publicly traded in the ‘over-the-counter” market.

11.           Non-solicitation. During the Restricted Period, the Consultant shall not (i) solicit, encourage, or take any other action which is intended to induce any employee of, or consultant to, the Company (or any other Person who may have been employed by, or may have been a consultant to, the company during the Term) to terminate his or its employment or relationship with the Company in order to become employed by or otherwise perform services for any other Person or (ii) solicit, endeavor to entice away from the Company or otherwise interfere with the relationship of the Company with any Person who has during the Term of the Agreement, or was within the then-most recent 12 month period, a client, customer, supplier or other business partner or prospect of the Company.

12.           Return of Property.   Upon termination of the Consultant’s engagement with the Company, or at any other time upon request of the Company, the Consultant shall return promptly any and all Confidential Information, including customer or prospective customer lists, other customer or prospective customer information or related materials, computer programs, software, electronic data, specifications, drawings, blueprints, medical devices, samples, reproductions, sketches, notes, notebooks, memoranda, reports, records, proposals, business plans, or copies of them, other documents or materials, tools, equipment, or other property belonging to the Company or its customers which the Consultant may then possess or have under its control. The Consultant further agrees that upon termination of this engagement, Consultant shall not take any documents or data in any form or of any description containing or pertaining to Confidential Information or any Company Inventions.

13.           Indemnification. Consultant will at all times, defend, indemnify and hold harmless Company, its officers, directors, successors and assigns (collectively, “Company Indemnified Parties”) from and against, and pay and reimburse the Company Indemnified Parties for, any and all liabilities, obligations, losses, damages, out of pocket costs or expenses arising out of or relating to claims of third parties with respect to (a) any alleged acts or omission of the Consultant in the performance of the activities contemplated hereby or any failure by Consultant to abide by any of the obligations set forth herein; (b) Consultants failure to comply with applicable laws and Company policies, including the Company’s anti corruption and other compliance policies; and (c) Consultants gross negligence or willful misconduct under this Agreement.

14.           Disparagement. Consultant agrees that during the course of the Agreement and after the termination of this Agreement with the Company, Consultant will not disparage the Company, its products, services, shareholders, agents or employees.

15.           Miscellaneous.

(a)           Entire agreement. This agreement and the documents referred to herein constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all other prior agreements and understandings, both written and oral, between the parties with respect to such subject matter.

(b)             Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder, except as otherwise expressly provided herein. This Agreement shall not be assignable by operation of law or otherwise, except that the Company may assign this Agreement in connection with sale or other disposition of its business, or of that portion of its business to which this Agreement relates, whether by merger, consolidation, sale of assets or otherwise.

(c)             Amendments and supplement.  This Agreement may not be altered, changed or amended, except by an instrument in writing signed by the parties hereto.

(d)             No waiver.   The terms and conditions of this Agreement may be waived only by a written instrument signed by the party waiving compliance. The failure of any party hereto to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver of any such provision, nor in any way to affect the validity of this Agreement or any part hereof or the right of such party thereafter to enforce each and every such provision. No waiver of any breach of or non-compliance with this Agreement shall be held to be a waiver of any other or subsequent breach or non-compliance.

(e)             Governing law. This Agreement shall be governed by, and construed and enforced in accordance with, the substantive laws of the State of Texas, without regard to its principles of conflicts of laws.

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       (f)             Notice.  All notice and other communications hereunder shall be in writing and shall be deemed given if delivered by hand, sent by facsimile transmission with confirmation of receipt, sent via a reputable overnight courier service with conformation of receipt requested, or mailed by registered or certified mail (postage prepaid and return receipt requested) to the parties at the following addresses (or at such address for a party as shall be specified by like notice), and shall be deemed given on the date on which delivered by hand or otherwise on the date if receipt as confirmed:

 

	  	
To the Company:

	  	  
	  	  	  	  	  
	  	  	
ULURU Inc.

	  	  
	  	  	
4452 Beltway Drive

	  	  
	  	  	
Addison, TX 75001

	  	  
	  	  	
Attention: Chief Financial Officer

	  	  

 

	  	
To the Consultant

	  	  
	  	  	  	  	  
	  	  	
Velocitas GmbH

	  	  
	  	  	
Landhausgasse 2/4

	  	  
	  	  	
1010 Vienna, Austria

	  	  
	  	  	
Attention: Geschäftsführer

	  	  

 

(g)             Remedies.   The Consultant recognizes that money damages alone would not adequately compensate the Company in the event of breach by the Consultant of this Agreement, and the Consultant therefore agrees that, in addition to all other remedies available to the Company at law, in equity or otherwise, the Company shall be entitled to injunctive relief for the enforcement hereof. All rights and remedies hereunder are cumulative and are in addition to and not exclusive of any other rights and remedies available at law, in equity, by agreement or otherwise.

(h)             Survival; Validity. Notwithstanding the termination of the Consultant’s relationship with the Company (whether pursuant to Section 4 or otherwise), the Consultant’s covenants and obligations set forth in Sections 6, 7, 9, 10, 11, 12,13 and 14 shall remain in effect and be fully enforceable in accordance with the provisions thereof. In the event that any provision of this Agreement shall be determined to be unenforceable by reason of its extension for too great a period of time or over too large a geographic area or over too great a range of activities, it shall be interpreted to extend only over the maximum period of time, geographic area or range of activities as to which it may be enforceable. If, after application of the preceding sentence, any provision of this Agreement shall be determined to be invalid, illegal or otherwise unenforceable by a court of competent jurisdiction, the validity, legality and enforceability of the other provisions of this Agreement shall not be affected thereby. Except as otherwise provided in this Section 15(h), any invalid, illegal or unenforceable provision of this Agreement shall be severable, and after any such severance, all other provisions hereof shall remain in full force and effect.

	
(i)              

	
Construction. A reference to a Section or a Schedule shall mean a Section in or Schedule to this Agreement unless otherwise expressly stated. The titles and headings herein are for reference purposes only and shall not in any manner limit the construction of this Agreement which shall be considered as a whole. The words “include,” “includes” and “including” when used herein shall be deemed in each case to be followed by the words “without limitation.” Whenever the context may require, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms, and the singular form of names and pronouns shall include the plural and vice-versa.

(j)             Counterparts.  This Agreement may be executed in one or more counterparts, all of which together shall constitute one and the same Agreement.

 

IN WITNESS WHEREOF, the parties have caused this Consulting Agreement to be executed as an agreement under seal as of the Effective Date.

 

	  	  	
ULURU Inc.

	  
	  	  	  	  	  
	  	  	
By:

	
/s/ Terrance K. Wallberg

	  
	  	  	
Name:

	
Terrance K. Wallberg

	  
	  	  	
Title:

	
Vice President and Chief Financial Officer

	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	
Consultant:

	  
	  	  	  	  	  
	  	  	
By:

	
/s/ Oksana Tiedt

	  
	  	  	
Name:

	
Oksana Tiedt

	  
	  	  	
Title:

	
Managing Director

	  

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SCHEDULE A: SCOPE OF WORK & COMPENSATION

1.           Description of Consulting Services

The Consultant shall serve as a Consultant and provide such consulting services as the Company reasonably requests in connection with the operation of the Company’s business and the development, manufacturing, marketing and sale of its proprietary products and technologies, including but not limited to:

 

	
·  

	
Present, promote and sell products/services to existing and prospective customers

 

	
·  

	
Establish and nurture relationships with KOLs in key markets

 

	
·  

	
Set up and organize training events with KOLs and sales partners

 

	
·  

	
Organize and support observation and other studies and publications in key markets

 

	
·  

	
Perform cost-­benefit and needs analysis of existing/potential customers

 

	
·  

	
Establish, develop and maintain positive business and customer relationships

 

	
·  

	
Reach out to customer leads through cold calling or follow up from existing leads

 

	
·  

	
Travel as required to develop new markets, customers, product sales as well as evaluate and monitor existing distribution partners

 

	
·  

	
Expedite the resolution of customer problems and complaints to maximize satisfaction

 

	
·  

	
Coordinate sales effort with team members and other departments

 

	
·  

	
Analyze the territory / market’s potential, track sales and distributor / partner performance, invoices and detailed status reports

 

	
·  

	
Source new products for acquisition, license or distribution

 

	
·  

	
Keep abreast of best practices and promotional trends

 

	
·  

	
Develop growth strategies and related business plans focused both on financial gain and customer satisfaction

 

	
·  

	
Conduct research to identify new markets and customer needs

 

	
·  

	
Prepare and negotiate sales contracts ensuring adherence to law-established rules and guidelines

 

	
·  

	
Provide trustworthy feedback and after-sales support

 

	
·  

	
Prepare marketing materials

 

	
·  

	
Organize promotional campaigns and events

 

	
·  

	
Develop and document required regulatory practices and procedures. Ensure adherence to regulatory standards during all business practices

 

	
·  

	
Provide oversight of the manufacturing processes

 

	
·  

	
Coordinate efforts of all manufacturing partners and ensure adherence to required manufacturing and documentation processes

 

	
·  

	
Coordinate logistics and manage the entire supply chain

 

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2.           Compensation.

	  	
(a)

	
Consulting fees.

	
 Consultant will be paid a monthly fee of $20,833.00 for providing Consulting Services.  Consultant shall invoice the Company monthly for Consulting Services rendered during the prior monthly period, and any amounts owed by the Company shall be paid within thirty (30) days after receipt of such invoices via wire transfer.

	  	  	  	  
	  	
(b)

	
Expenses.

	
 Consultant will be paid a monthly fixed business expenses fee in the amount of $5,000 for reimbursement of fixed Consultant overhead expenses.  In addition, the Consultant shall be reimbursed by the Company for all reasonable, appropriate, or necessary expenses incurred in the performance of their duties hereunder that are pre-approved by an officer of the Company, including: (i) transportation expenses including air fare, car rentals or fuel expenses and taxi fare to and from all in-person meetings; (ii) reasonable hotel accommodations (as reasonably necessary in connection with in-person meetings); (iii) meals, and (iv) communications expenses such as wifi and phone charges. Consultant employee requesting reimbursement will present to the Company for approval an itemized expense voucher, in a form prescribed by ULURU together with receipts or other reasonable evidence or substantiation of these expenses as determined by the Company. Consultant shall invoice the Company for any such out of pocket expenses on a monthly basis and any amounts owed by the Company shall be paid within thirty (30) after receipt of such invoices.

A - 6Exhibit 10.1

 

STOCK
PURCHASE AGREEMENT

 

This
STOCK PURCHASE AGREEMENT (“Agreement”) is entered into as of August 10, 2017 (the “Effective Date”) between
Brian Collins, having an address at 4 Home Farm, Honey Lane, Hurley, England (“Buyer”), and One Horizon Group, Inc.,
with an address at T1-017 Tierney Building, University of Limerick, Limerick, Ireland (the “Company”).

 

RECITALS:

 

A.    The
Company owns all of the outstanding shares of capital stock (the “Shares”) of Abbey Technology GmbH, Horizon Globex
GmbH, Horizon Globex Ireland Ltd and approximately 99.7% of the outstanding shares in One Horizon Group PLC (the Acquired Entities”).

 

B.    Buyer
is the Chief Executive Officer, President and a member of the Board of Directors of the Company, and currently owed approximately
$2,000,000 by the Company (the “Collins Debt”);

 

C.    The
Company has agreed to sell the Shares to Buyer in consideration of Buyer’s release of the Company and the Excluded Entities
from all obligations due to the Buyer and the Acquired Entities, and Buyer has agreed to purchase the Shares from the Company
in consideration of Buyer’s release of the Company and the Excluded Entities from all obligations due to the Buyer and the
Acquired Entities.

 

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

 

ARTICLE
I - DEFINITIONS

 

1.1          General.
As used herein the following terms shall have the following meanings and shall include in the singular number the plural and in
the plural number the singular unless the context otherwise requires (capitalized terms not defined in this Article 1 shall have
the meanings ascribed to such terms elsewhere in this Agreement).

 

1.2          “Affiliate”
shall mean, as to a Person, any other Person that, directly or indirectly, through one or more intermediaries controls, is controlled
by or is under common control with the first-mentioned Person.

 

1.3          “Agreement”
shall mean this Stock Purchase Agreement, together with all Exhibits and Schedules annexed hereto, as the same may be amended,
supplemented or modified from time to time.

 

1.4          “Acquired
Entities” shall mean Abbey Technology GmbH, Horizon Globex GmbH, Horizon Globex Ireland Ltd and One Horizon Group PLC.

 

    1

     

    

 

1.5          “Closing”
or “Closing Date” shall have the meaning set forth in Section 4.1.

 

1.6          “Collins
Debt” shall mean all amounts owed to Buyer by the Company and/or the Excluded Entities as of the Closing Date.

 

1.7          “Excluded
Entities” shall have the meaning set forth in Section 2.2.

 

1.8          “Governmental
Entity” shall mean any federal, state, local, municipal, foreign, or other government, or governmental or quasi-governmental
authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal).

 

1.9          “Knowledge”
- a Person will be deemed to have “Knowledge” of a particular fact or other matter if (a) such person is actually
aware of such fact or other matter or (b) a prudent individual in the position of the Chief Executive Officer or Chief Financial
Officer of the Company could reasonably be expected to become aware of such fact or other matter in the course of performing his
duties on behalf of the Company.

 

1.10        “Law”
shall mean, with respect to any Person, any U.S. federal, state or local, and any foreign national, state or local, law, statute,
common law, ordinance, code, treaty, rule, regulation, order, ordinance, permit, license, writ, injunction, directive, determination,
judgment or decree or other requirement of any Governmental Entity or arbitrator, in each case, applicable to or binding upon
such Person or any of its property or to which such Person or any of its property is subject.

 

1.11        “Liability”
shall mean any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued
or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including (without limitation) any liability
for Taxes.

 

1.12        “Ordinary
Course of Business” shall mean the ordinary course of business of the Company on a consolidated basis consistent with past
practice.

 

1.13        “Person”
shall mean an individual, corporation, partnership, limited liability company, association, trust, unincorporated organization
or other legal entity.

 

1.14        “Security
Interest” shall mean any mortgage, pledge, lien, encumbrance, charge, or other security interest, other than (a) mechanic’s,
materialmen’s and similar liens, (b) liens for Taxes not yet due and payable or for Taxes that the taxpayer is contesting
in good faith through appropriate proceedings, (c) purchase money liens and liens securing rental payments under capital lease
arrangements, (d) in the case of real property, rights of way, building use restrictions, variances and easements, provided the
same will not in any material respect interfere with the Buyer’s operation of the Business and (e) other liens arising in
the Ordinary Course of Business and not incurred in connection with the borrowing of money.

 

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1.15        “Stock
Powers” shall mean the stock powers to be executed by the Company to effect the transfer of the capital stock of the Acquired
Entities.

 

1.16        “Tax”
or “Taxes” shall mean any federal, state, local and foreign income or gross receipts tax, alternative or add-on minimum
tax, sales and use tax, customs duty and any other tax, charge, fee, levy or other assessment including property, transfer, occupation,
service, license, payroll, franchise, excise, withholding, ad valorem, severance, stamp, premium, windfall profit, employment,
rent or other tax, governmental fee or like assessment or charge of any kind, together with any interest, fine or penalty thereon,
addition to tax, additional amount, deficiency, assessment or governmental charge imposed by any federal, state, local or foreign
taxing authority.

 

1.17        “Tax
Return” includes any material report, statement, form, return or other document or information required to be supplied by
a federal, state, local or foreign taxing authority in connection with Taxes.

 

1.18        “Transaction
Documents” shall mean this Agreement, the Stock Powers, the General Releases to be executed and delivered by Collins, the
Company, the Acquired Entities and the Excluded Entities, and the Resignation Letter.

 

ARTICLE
II - SALE AND PURCHASE OF SHARES

 

2.1          Purchase
and Sale of Shares. In exchange for the consideration specified herein, and upon and subject to the terms and conditions of
this Agreement, Buyer hereby agrees to purchase, obtain and acquire from the Company, and the Company hereby agrees to sell, assign,
transfer and convey to Buyer, on the Closing Date, all of the Company’s right, title and interest in and to the Shares,
free and clear of all Security Interests, other than restrictions on transferability under securities laws.

 

2.2          Excluded
Entities. For the avoidance of doubt, Buyer shall not acquire any right, title or interest in and to the shares of Global
Phone Credit Ltd, One Horizon Hong Kong Ltd, Horizon Network Technology Co. Ltd, Suzhou Aishuo Network Information Co., Ltd, and
any other of the Company’s Affiliates other than the Acquired Entities (the “Excluded Entities”).

 

ARTICLE
III - PURCHASE PRICE

 

3.1          As
consideration for the purchase of the Shares, Buyer shall:

 

(a)       Forgive
the Collins Debt and enter into a general release in favor of the Company and the Excluded Entities, substantially in the form
of Exhibit 3.1(a) (the “General Release”); and

 

(b)       Cause
the Acquired Entities to execute and deliver general releases in favor of the Company and the Excluded Entities, and join this
Agreement to confirm their obligations to indemnify the Company and the Excluded Entities as provided herein (collectively the
“Purchase Price”).

 

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ARTICLE
IV- CLOSING

 

4.1          The
closing for the purchase and sale of the Shares shall take place at the offices of counsel to the Company at 10:00 am on August
10, 2017, or at such other place and time mutually agreed to by the Buyer and the Company (the “Closing Date” or “Closing”),
but in no event later than August 31, 2017 (the “Final Date”).

 

4.2          At
the Closing, and as a condition thereto, Buyer will deliver or caused to be delivered to the Company:

 

(1)       a
General Release in favor of the Company and the Excluded Entities;

 

(2)       the
resignation of the Buyer from all positions held within the Company and the Excluded Entities, including as a member of the Board
of Directors or similar body of the Company and the Excluded Entities (the Resignation Letter”);

 

(3)       a
General Release by each Acquired Entity in favor of the Company and the Excluded Entities;

 

(4)       a
certificate of the Buyer confirming the accuracy of the representations of Buyer herein as of the Closing Date; and

 

(5)       such
other documents duly executed as reasonably requested by the Company.

 

4.3          At
the Closing, and as a condition thereto, the Company shall deliver or cause to be delivered to Buyer:

 

(1)       certificates
representing the Shares together with duly executed Stock Powers;

 

(2)       A
General Release by the Company on behalf of itself and the Excluded Entities in favor of Buyer and each Acquired Entity

 

(3)       a
Secretary’s Certificate as to the adoption of resolutions by the Board of Directors of the Company authorizing the execution,
delivery and consummation of this Agreement;

 

(4)       a
certificate of an officer of the Company confirming the accuracy of the representations of Company herein as of the Closing Date;
and

 

(5)       such
other documents duly executed as reasonably requested by the Buyer.

 

    4

     

    

 

ARTICLE
V - REPRESENTATIONS AND WARRANTIES OF THE
COMPANY

 

The
Company hereby represents and warrants to the Buyer as of the date hereof and as of the Closing Date:

 

5.1          Organization
and Good Standing; Power and Authority. The Company is a corporation duly organized and validly existing under the laws of
Delaware and the Acquired Entities are duly organized and validly existing under the laws of the jurisdiction of their registered
office. The Company has full corporate power and authority to enter into and perform its obligations under this Agreement. The
Company has taken all actions necessary to enter into this Agreement and to carry out the transactions contemplated hereby. The
execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly
and validly authorized by all necessary corporate action on the part of the Company. This Agreement has been, or will be, duly
executed and delivered by the Company and constitutes the valid, legal and binding obligations of the Company, enforceable against
the Company in accordance with its terms, except to the extent such enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium, receivership, fraudulent conveyance or similar laws affecting or relating to the enforcement of creditors’ rights
generally, and by equitable principles (regardless of whether enforcement is sought in a proceeding in equity or at law).

 

5.2          Conflicts;
Defaults. The execution and delivery of this Agreement and the other agreements and instruments executed or to be executed
in connection herewith by the Company do not, and the performance by the Company of its obligations hereunder and thereunder and
the consummation by the Company of the transactions contemplated hereby or thereby, will not: (i) violate, conflict with, or constitute
a breach or default under any of the terms of its certificate of incorporation or bylaws; (ii) require any authorization, approval,
consent, registration, declaration or filing with, from or to any Governmental Entity other than those required to be filed with
the Securities and Exchange Commission; (iii) violate any law, statute, judgment, decree, injunction, order, writ, rule or regulation
applicable to the Company.

 

5.3          Ownership.
The Company is the record and beneficial owner of the Shares free and clear of all liens, claims and encumbrances. Upon payment
of the Purchase Price, Buyer will acquire good and marketable title to the Shares, subject only to such liens thereon as may be
created by Buyer.  The Shares, at the Closing, will be free and clear of all Security Interests, pledges, charges, claims,
encumbrances and restrictions of any kind, except for restrictions on transfer imposed by federal and state securities laws.  None
of the Shares are or will be subject to any voting trust or agreement.  No person holds or has the right to receive any proxy
or similar instrument with respect to such Shares.  Except as provided in this Agreement, neither the Company nor any Acquired
Entity is party to any agreement which offers or grants to any person the right to purchase or acquire any of the Shares or any
capital stock of an Acquired Entity. There is no applicable local, state or federal law, rule, regulation, or decree which would,
as a result of the purchase of the Shares by Buyer (and/or assigns) impair, restrict or delay voting rights with respect to the
Shares.

 

    5

     

    

 

5.4          No
Consents Required. No notice to, consent, authorization or approval of, or exemption by, any governmental or public body or
authority is required in connection with the execution, delivery and performance by the Company of this Agreement, or the taking
of any action herein contemplated. To the Company’s Knowledge, no notice to, consent, authorization or approval of, any
Person under any agreement, arrangement or commitment of any nature which Company is party, is required in connection with the
execution, delivery and performance by Buyer of this Agreement, or the taking of any action by the Company herein contemplated.

 

ARTICLE
VI – REPRESENTATIONS AND WARRANTIES
OF BUYER

 

Buyer
hereby represents and warrants to the Company as of the date hereof and as of the Closing Date:

 

6.1          Power.
Buyer is an individual with legal capacity to execute and deliver this Agreement and the Transactions Documents to which he is
party and to consummate the transactions contemplated hereby.

 

6.2          Effect
of Agreement. The execution, delivery and performance of this Agreement and the Transaction Documents or the other agreements
contemplated hereby, or the consummation of the transactions contemplated hereby or thereby, by the Buyer, will not, with or without
the giving of notice and the lapse of time, or both, (a) violate any provision of law, statute, rule, regulation or executive
order under which the Buyer may be bound; or (b) violate any judgment, order, writ or decree of any court having jurisdiction
over the Buyer. This Agreement and each other agreement contemplated hereby to be executed and delivered by the Buyer have been
or will be prior to Closing duly executed and delivered by the Buyer and constitute or will constitute legal, valid and binding
obligations of the Buyer, enforceable against Buyer in accordance with their respective terms.

 

6.3          Ownership.
The Buyer is the owner of the Collins Debt free and clear of all Security Interests, liens, claims and encumbrances. No party
has the right to receive any proceeds of the Collins Debt. Upon consummation of the transactions contemplated hereby, the Collins
Debt will be deemed satisfied in full.

 

6.4          Governmental
and Other Consents. No notice to, consent, authorization or approval of, or exemption by, any governmental or public body
or authority, any lender or lessor or any other person or entity, is required in connection with the execution, delivery and performance
by the Buyer of this Agreement or the Transaction Documents or any other agreements contemplated to be executed and delivered
by the Buyer hereby.

 

    6

     

    

 

6.5          Independent
Advice. Buyer has served as the Chief Executive Officer, President and a Director of the Company for more than three years
and is thoroughly familiar with the operations of the Company. In addition, in connection with this Agreement Buyer has consulted
with such legal, tax, investment and other advisors as he determined necessary or appropriate. Consequently, Buyer is acquiring
the Shares “as is where is” with no representations or warranties of the Company except as expressly set forth herein.

 

6.6          Absence
of Undisclosed Liabilities Related to Capital Stock. Buyer is not aware of any agreements obligating the Company to issue
shares of its capital stock or warrants, or any promissory notes or other forms of indebtedness, not recorded in the books and
records of the Company.

 

ARTICLE
VII - COVENANTS

 

7.1          Operation
of Business Until Closing. The Company agrees that, between the date of this Agreement and the Closing Date, the Company and
the Acquired Entities will respectively operate the business of the Company and of the Acquired Entities in the Ordinary Course
of Business.

 

7.2          Post-Closing
Covenants; Further Assurances. The Company and Buyer covenant and agree to deliver and acknowledge (or cause to be executed,
delivered and acknowledged), from time to time, at the request of the other and without further consideration, all such further
instruments and take all such further actions as may be reasonably necessary or appropriate to carry out the provisions and intent
of this Agreement.

 

7.3         
Intercompany Agreements. The Company and the Acquired Entities agree that all agreements between or among, on the one
hand, the Company and/or an Excluded Entity and, on the other hand, the Acquired Entities, and/or their Affiliates on the other
hand, shall be terminated and be of no further force or effect as of the Closing Date.

 

ARTICLE
VIII - AGREEMENTS REGARDING TAXES

 

8.1          Cooperation
on Tax Matters. Buyer and the Company shall cooperate fully, as and to the extent reasonably requested, in connection with
the filing of Tax Returns with respect to the Company and Acquired Entities for taxable periods ending prior to the Closing Date
and for the portion of any taxable period through the Closing Date and any audit, litigation or other proceeding with respect
to Taxes. Such cooperation shall include the retention and (upon another party’s request) the provision of records and information
which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient
basis to provide additional information and explanation of any material provided hereunder. Company shall retain all books and
records with respect to Tax matters pertinent to the Company and Acquired Entities prior to the Closing date hereof and relating
to any taxable period beginning before the Closing Date until the expiration of the statute of limitations of the respective taxable
periods, and to abide by all record retention agreements entered into with any taxing authority.

 

    7

     

    

 

ARTICLE
IX

SURVIVAL
OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION

 

9.1          Survival.
The representations and warranties set forth in this Agreement, in any Exhibit or Schedule hereto and in any certificate or instrument
delivered in connection herewith shall survive for a period of twelve (12) months after the Closing Date (the “Warranty
Period”) and shall thereupon terminate and expire and shall be of no force or effect thereafter, except (i) with respect
to any claim, written notice of which shall have been delivered to Buyer or the Company, as the case may be, in accordance herewith
and prior to the end of the Warranty Period, such claim shall survive the termination of such Warranty Period for as long as such
claim is unsettled, and (ii) with respect to any litigation which shall have been commenced to resolve such claim on or prior
to such date.

 

9.2          Indemnification
by Acquired Entities Subject to the provisions of Section 9.5 below, each of the Acquired Entities hereby covenants and agrees
that it shall jointly and severally indemnify the Company and the Excluded Entities, and their respective directors, officers,
affiliates and employees, and each of their successors and assigns (individually, a “Horizon Indemnified Party”),
and hold them harmless from, against and in respect of any and all costs, losses, claims, liabilities (including for Taxes), fines,
penalties, damages and expenses (including interest, if any, imposed in connection therewith, court costs and reasonable fees
and disbursements of counsel) (collectively, “Damages”) incurred by any Horizon Indemnified Party arising out of or
related to (i) any claims made by the customers of the Acquired Entities set forth on Schedule 9.2.1 and the employees of the
Acquired Entities set forth on Schedule 9.2.2 and (ii) any breach by Buyer of the representation contained in Sections 6.3 and
6.6.

 

9.3          Indemnification
by the Company. Subject to the provisions of Section 9.5 below, the Company and each of the Excluded Entities hereby covenants
and agrees that it shall jointly and severally indemnify Buyer and the Acquired Entities, and their respective affiliates, directors,
officers and employees, and each of their successors and assigns (individually, a “Collins Indemnified Party”), and
hold them harmless from, against and in respect of any and all Damages incurred by any Collins Indemnified Party arising out of
or related to (i) the operations of the Company and any Excluded Entity and any breach by the Company of any representation or
warranty in this Agreement or the non-fulfillment in any material respect of any agreement, covenant or obligation of the Company
made in this Agreement (including without limitation any Exhibit or Schedule hereto and any certificate or instrument delivered
in connection herewith).

 

    8

     

    

 

9.4          Right
to Defend. If a claim for indemnification shall involve a claim or demand by a third party against a Horizon Indemnified Party
or a Collins Indemnified Party (referred to in this Section as an “Indemnified Party”), the Indemnified Party will
give notice of the claim to the other party (the “Indemnifying Party”), which shall detail the nature, basis and amount
of the claim (the “Notice of Third Party Claim”). The failure to provide a Notice of Third Party Claim shall only
relieve the Indemnifying Party of its obligation to indemnify for such claim to the extent that it has been prejudiced by the
failure to give the Notice of Third Party Claim. The Indemnifying Party may (without prejudice to the right of an Indemnified
Party to participate at its own expense through counsel of its own choosing) undertake the defense of such claims at its expense
with counsel chosen and paid by it by giving notice (the “Election to Defend”) to the Indemnified Party within thirty
(30) days after the date the Notice of Third Party Claim is deemed received; provided, however, that the Indemnifying Party may
not settle such claims without the consent of the Indemnified Party, which consent will not be unreasonably withheld or delayed,
except if the sole relief provided is monetary damages to be borne by the Indemnifying Party; and, provided further, if the defendants
in any action include both the Indemnifying Party and the Indemnified Party, and the Indemnified Party shall have reasonably concluded
that counsel selected by the Indemnifying party has a conflict of interest, the Indemnified Party shall have the right to participate
in such defense and the reasonable fees and expenses of counsel to the Indemnified Party shall be considered “Damages.”.
The Indemnified Party shall cooperate in the defense of any claim and make available pertinent information under its control If
an Indemnifying Party does not give the Election to Defend as provided above, it will be deemed to have irrevocably waived its
right to defend or settle such claims.

 

9.5          Limitation
on Rights of Indemnification. Neither the Horizon Indemnified Parties nor the Collins Indemnified Parties shall have any right
to indemnification under this Agreement or in any agreement executed pursuant thereto, unless and until the aggregate amount of
any and all such indemnification claims made by such party under this Agreement exceeds $50,000 (the “Basket”). If
Horizon Indemnified Party claims or Collins Indemnified Party indemnified claims exceed the Basket, such party shall be entitled
to seek compensation for all Damages in excess of such amount.

 

9.6          Subrogation.

 

(a)       If
an Indemnified Party receives payment or other indemnification from an Indemnifying Party, the Indemnifying Party shall be subrogated
to the extent of such payment or indemnification to all rights in respect of the subject matter of such claim to which the Indemnified
Party may be entitled, to institute appropriate action against third parties for the recovery thereof, including under any insurance
policies, and the Indemnified Party agrees to assist and cooperate in good faith with the Indemnifying Party and to take any action
reasonably required by such Indemnifying Party, at the expense of such Indemnifying Party, in enforcing such rights.

 

    9

     

    

 

(b)       If
an Indemnifying Party shall have paid an Indemnified Party for an indemnified claim or otherwise, and the Indemnified Party subsequently
receives payment under insurance policies covering such claim, the Indemnified Party shall repay to the Indemnifying Party the
amount of such prior payment made by the Indemnifying Party; provided, however, such repayment shall not exceed the actual amount
received by the Indemnified Party under such policy, less all reasonable fees (including attorneys’ fees) incurred by the
Indemnified Party in pursuing and collecting under such policy.

 

ARTICLE
X - MISCELLANEOUS

 

10.1        Waivers.
No action taken pursuant to this Agreement, including any investigation by or on behalf of any party, shall be deemed to constitute
a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein
or in any other documents. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or
be construed as a waiver of any subsequent breach. Any party hereto may, at or before the Closing, waive any conditions to its
obligations hereunder which are not fulfilled.

 

10.2        Binding
Effect; Benefits. This Agreement shall inure to the benefit of the parties hereto and shall be binding upon the parties hereto
and their respective successors and assigns, as well as the Acquired Entities and the Excluded Entities with respect to their
obligations under Article IX of this Agreement and the provision of section 10.6. Except as otherwise set forth herein, nothing
in this Agreement, expressed or implied, is intended to confer on any person other than the parties hereto and the Indemnified
Parties or their respective successors and assigns, any rights, remedies, obligations, or liabilities under or by reason of this
Agreement.

 

10.3        Assignment;
Delegation. No party to this Agreement may assign its rights or delegate its obligations hereunder without the prior written
consent of all of the other parties; provided, however, that at Closing the Buyer may assign this Agreement to an entity controlled
by him, without the prior written consent of the Company provided, however, the Buyer shall remain liable for the payment of the
amounts due from it pursuant hereto. Any assignment or delegation in violation of this Section 10.3 shall be null and void.

 

10.4        Notices.
All notices, requests, demands and other communications which are required to be or may be given under this Agreement shall be
in writing and shall be deemed to have been duly given when delivered in person or after dispatch by recognized overnight courier
to the party to whom the same is so given or made:

 

If
to Company or any Excluded Entity, to the Company’s address set forth above, with a copy to: Eaton & Van Winkle LLP,
3 Park Avenue, 16th floor, New York, NY 10016, Attn: Vincent J. McGill, Esq. Phone: (212) 561-3604 (Direct)

 

or
at such other address as the Company or any Excluded Entity may have advised the Buyer hereto in writing; and

 

    10

     

    

 

If
to the Buyer or any Acquired Entity, to the Buyer at his address set forth above or at such other address as Buyer or any Acquired
Entity may have advised the Company in writing; and

 

All
such notices, requests and other communication shall be deemed to have been received on the date of delivery thereof (if delivered
by hand) and on the next business day after the sending thereof (if by recognized overnight courier).

 

10.5        Entire
Agreement. This Agreement (including the Schedules and Exhibits hereto) and the other Transaction Documents constitute the
entire agreement and supersede all prior agreements, statements, representations or promises, oral and written, among the parties
hereto with respect to the subject matter hereof. No party hereto shall be bound by or charged with any written or oral arguments,
representations, warranties, statements, promises or understandings not specifically set forth in this Agreement or in any Schedule
or Exhibits hereto or any other Transaction Documents, or in certificates and instruments to be delivered pursuant hereto on or
before the Closing.

 

10.6        Governing
Law. This Agreement, and the rights and obligations of the parties hereto under this Agreement, shall be governed by, construed
and enforced in accordance with the laws of the State of New York, without giving effect to the choice of law principles thereof.
Any action arising out of the breach or threatened breach of this Agreement shall be commenced in a proper New York State court
and each of the parties hereby submits to the jurisdiction of such courts for the purpose of enforcing this Agreement.

 

10.7        Severability.
If any term or provision of this Agreement shall to any extent be finally determined by a court of competent jurisdiction to be
invalid or unenforceable, the remainder of this Agreement shall not be affected thereby, and each term and provision of the agreement
shall be valid and enforced to the fullest extent permitted by law, provided that as so enforced, each of the parties receives
substantially all of the benefits contemplated hereby.

 

10.8        Transaction
Taxes. The Company shall pay any sales or transfer taxes arising out of the transfer of the Shares.

 

10.9        Exhibits
and Schedules. The Exhibits and Schedules attached hereto or referred to herein are incorporated herein and made a part hereof.
As used herein, the expression “this Agreement” includes such Exhibits and Schedules.

 

10.10      Press
Releases and Public Announcements. The Company agrees that it will provide Buyer with a copy of any Form 8-K it intends to
file regarding this Agreement or Buyer and agrees to reasonably consider any edits proposed by Buyer to such report. The Company
further agrees that it will not make a Press Release regarding this Agreement or the Buyer without the Buyer’s agreement.

 

[Signatures
are on the following page]

 

    11

     

    

 

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

 

	One Horizon Group, Inc.	 	Brian Collins
	 	 	 	 
	/s/
    Martin Ward	 	/s/ Brian
    J. Collins
	By: Martin Ward	 	  Brian
    Collins
	Title: Chief Financial Officer	 	 

 

The
undersigned parties are executing this Agreement solely to confirm their agreement to undertake their obligations under Section
7.3, Article IX and Section 10.6 of this Agreement.

 

	Abbey Technology GmbH	 	Horizon Globex GmbH
	 	 	 	 	 
	By: 	/s/ Brian
    Collins	 	By: 	/s/ Brian
    Collins
	 	An Authorized Officer	 	 	An Authorized Officer
	 	 	 	 	 
	Horizon Globex Ireland Ltd	 	One Horizon Group PLC
	 	 	 	 	 
	By: 	/s/ Brian
    Collins	 	By: 	/s/ Brian
    Collins
	 	An Authorized Officer	 	 	An Authorized Officer

 

    12

     

    

 

SCHEDULE
9.2.1

 

Customers
of the Acquired Entities as to which the Acquired Entities provide indemnification

 

Active

 

1.
Smart Communications [http://smart.com.ph]

2.
Singtel Telecommunications [http://singtel.com]

3.
Econet Wireless Zimbabwe [http://www.econet.co.zw]

4.
Globecomm Systems Inc. [http://www.globecomm.com]

5.
Borderless Hub Pte. Ltd. [http://www.borderlesshub.com]

6.
Dome Telecom Ltd. [http://www.dometelecom.com]

7.
Zhuoyitong Industrial Co. Ltd. [http://www.cullian.com]

8.
AccessPlus Communications Ltd. [http://www.accessplusgh.com]

9.
HIT Communications [http://www.hittelco.com]

10.
AA Technology [http://aatechnology.net]

11.
Fonmigo Ltd. [http://www.tepwireless.com]

12.
WorldSIM [ http://cheaper-calls.com ]

 

Discontinued

 

1.
PVV (Steven Qu) [http://www.pvvgroup.com]

2.
Tribebuyer LLC (Graham Conran) [http://www.roamfrii.com]

3.
Redshift Technology Ltd. [http://www.redshift-tech.com]

4.
IEC Telecom [http://www.iec-telecom.com]

5.
Top Up [http://www.topup.hk]

6.
AND Group Plc [http://www.satcomglobal.com ]

7.
KurayGeo Service Indonsesia

8.
ICE Messaging Pte Ltd

9.
X-Mobility 

10.
International Mobile Applications (IMA) AG

 

Subsidiary
discontinued agreements

1.
Horizon Latin America

2.
Horizon Russia

3.
Horizon India

 

    13

     

    

 

SCHEDULE
9.2.2

 

Employees
of the Acquired Entities as to which the Acquired Entities provide indemnification

 

SEAN
CURTIN

KORNEL
JANKOWSKI

XIAOMING
(ANDRE JU)

ANDREW
LE GEAR

HUGH
LYNCH

SHILEI
MAO

LIAM
MCNAMARA

BRIAN
QUINLIVAN

LUKASZ
STARZAK

TAWNY
WHATMORE

LI
YUSEN

TIM
LOVETT

PETER
HALL

 

    14

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