Document:

self-ex108_108.htm

EXHIBIT 10.8

SSG MCCORDSVILLE LLC

12th FLOOR

11 HANOVER SQUARE

NEW YORK, NEW YORK 10005

July 21, 2016

Richard Braun

Gray Eagle Development, LLP

6054 E. 10th Street

Indianapolis, IN 46219

	
 
	
Re:
	
Agreement for Sale and Purchase by and between GRAY EAGLE 
	
 

DEVELOPMENT, LLP (“Seller”) and SSG MCCORDSVILLE LLC (“Buyer”), 

dated May 9, 2016, as amended by that letter amendment dated June 22, 2016 (as amended, the “Agreement”) for real property located in the City of Fishers, Hamilton County, Indiana

Dear Mr. Braun:

This letter (the “Amendment”) shall confirm the agreement of Seller and Buyer to establish August 10, 2016 as the Feasibility Study Period Termination Date under the Agreement.  

Except as provided above, the Agreement shall remain unaltered and in full force.  This Amendment constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements or undertakings.  Capitalized terms used in this Amendment and not defined herein shall have the meanings ascribed thereto in the Agreement.  This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original against any party whose signature appears thereon, and all of which when taken together shall constitute one and the same instrument.  Executed copies of this Amendment delivered by facsimile or electronic mail may be relied upon by the parties as originals.

 

	
 
	
Best regards,

	
 
	
 
	
 

	
 
	
SSG MCCORDSVILLE LLC

	
 
	
 
	
 

	
 
	
By:
	
 

	
 
	
 
	
Mark C. Winmill, President

 

Agreed to, Accepted and Intending to be Bound Hereby:

 

GRAY EAGLE DEVELOPMENT, LLP

 

	
By: 
	
 

	
 
	
Richard Braun, Authorized Signatory

 

	
 
	
 
	
Dated: July ___, 2016self-ex109_174.htm

EXHIBIT 10.9

SSG MCCORDSVILLE LLC

12th FLOOR

11 HANOVER SQUARE

NEW YORK, NEW YORK 10005

August 10, 2016

Richard Braun

Gray Eagle Development, LLP

6054 E. 10th Street

Indianapolis, IN 46219

	
 
	
Re:
	
Agreement for Sale and Purchase by and between GRAY EAGLE 

DEVELOPMENT, LLP (“Seller”) and SSG MCCORDSVILLE LLC (“Buyer”), 

dated May 9, 2016, as amended by that letter amendment dated June 22, 2016, and as further amended by that letter amendment dated July 21, 2016 (as amended, the “Agreement”) for real property located in the City of Fishers, Hamilton County, Indiana

Dear Mr. Braun:

This letter (the “Amendment”) shall confirm the agreement of Seller and Buyer to establish August 25, 2016 as the Feasibility Study Period Termination Date under the Agreement.  

Except as provided above, the Agreement shall remain unaltered and in full force.  This Amendment constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements or undertakings.  Capitalized terms used in this Amendment and not defined herein shall have the meanings ascribed thereto in the Agreement.  This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original against any party whose signature appears thereon, and all of which when taken together shall constitute one and the same instrument.  Executed copies of this Amendment delivered by facsimile or electronic mail may be relied upon by the parties as originals.

 

	
 
	
Best regards,

	
 
	
 
	
 

	
 
	
SSG MCCORDSVILLE LLC

	
 
	
 
	
 

	
 
	
By:
	
 

	
 
	
 
	
Mark C. Winmill, President

 

Agreed to, Accepted and Intending to be Bound Hereby:

GRAY EAGLE DEVELOPMENT, LLP

 

	
By: 
	
 

	
 
	
Richard Braun, Authorized Signatory

 

	
 
	
 
	
Dated: August 10, 2016Exclusive
Business Cooperation Agreement

 

This
Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following
parties on June 13, 2016 in Hong Kong (“HK”).

 

	Party
    A:	Greenpro
    Holding Limited
	Address:	Suite
    2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong
	 	 
	Party
    B:	Greenpro
    Synergy Network Limited
	Address:	Suite
    2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong

 

Each
of Party A and Party B shall be hereinafter referred to as a “Party” respectively, and as the “Parties”
collectively.

 

Whereas,

 

	1. 

        
	 Party
                                         A is a Limited Liability Company established in Hong Kong, and has the necessary resources
                                         to provide consulting services;

	 	 
	2.	Party
    B is a company with exclusively domestic capital registered in Hong Kong and may engage in for providing an integrated platform
    for members to create and grow their wealth (collectively, the “Principal Business”);
	 	 
	3.	Party
    A is willing to provide Party B with technical support, consulting services and management services on exclusive basis in
    relation to the Principal Business during the term of this Agreement, utilizing its advantages in technology, human resources,
    and information, and Party B is willing to accept such services provided by Party A or Party A’s designee(s), each on
    the terms set forth herein.

 

Now,
therefore, through mutual discussion, the Parties have reached the following agreements:

 

	

        1
	Services
                                         Provided by Party A

	 	 	 
	 	 1.1	Party
    B hereby appoints Party A as Party B’s exclusive services provider to provide Party B with complete technical support,
    business support and related consulting services during the term of this Agreement, in accordance with the terms and conditions
    of this Agreement, which may include all necessary services within the scope of the Principal Business as may be determined
    from time to time by Party A, such as but not limited to Provides information technology consulting services, management software
    development, sales computer hardware and software research, development and sales.
	 	 	 
	 	 1.2	Party
    B agrees to accept all the consultations and services provided by Party A. Party B further agrees that unless with Party A’s
    prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept the same or any
    similar consultations and/or services provided by any third party and shall not establish similar corporation relationship
    with any third party regarding the matters contemplated by this Agreement. Party A may appoint other parties, who may enter
    into certain agreements described in Section 1.3 with Party B, to provide Party B with the consultations and/or services under
    this Agreement.

 

    	 	 	 

     

    

 

	 	 1.3
    	Service
    Providing Methodology
	 	 	 	 
	 	 	 1.3.1	 Party
    A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further technical service
    agreements or consulting service agreements with Party A or any other party designated by Party A, which shall provide the
    specific contents, manner, personnel, and fees for the specific technical services and consulting services.
	 	 	 	 
	 	 	 1.3.2
    	 Party
    B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion,
    any or all of the assets of Party B, to the extent permitted under the Hong Kong SAR laws, at the lowest purchase price permitted
    by the Hong Kong SAR laws. In this case, the Parties shall enter into a separate assets transfer agreement, specifying the
    terms and conditions of the transfer of the assets.
	 	 	 	 
	 2.	The
    Calculation and Payment of the Service Fees

 

	 	 2.1	The
    Parties agree that in respect to the services provided by Party A to Party B contemplated in this Agreement, Party B shall
    pay Party A, the service fees (the “Service Fees”). During the term of this Agreement, the Service Fees to be
    paid to Party A by Party B shall be calculated quarterly based on the following formula: the time of services rendered to
    Party B by the employees of Party A multiplies the corresponding rate, plus amount of the services fees or ratio decided by
    the board of directors of Party A based on the value of services rendered by Party A and the actual income of Party B from
    time to time. In the event the board of directors of Party A does not adjust the aforesaid amount of service fees or ratio,
    the Service Fees shall be exercised in accordance with the amount of ratio decided by the latest board of directors of Party
    A. In any event, the service fees shall be substantially equal to all of the net income of Party B, subject to any requirement
    by Hong Kong SAR law and Article of Association. The following elements shall be taken into consideration in adjusting or
    deciding the Service Fees:
	 	 	 	 
	 	 	 2.1.1
    	The
                                         complexity and difficulty of the services; 

	 	 	 	 
	 	 	 2.1.2	The
                                         required time of such services rendered by the employees of Party A; 

	 	 	 	 
	 	 	 2.1.3
    	The
    exact content and commercial value of the services;
	 	 	 	 
	 	 	 2.1.4
    	The
    market price of the services of the same kind.
	 	 	 	 
	 	 2.2	As
    unanimously agreed upon by the Parties, the exact calculation and payment methods of the Service Fees may be amended by entering
    into a separate written agreement.
	 	 	 	 
	 	2.3
    	Unless
    otherwise unanimously agreed upon by the Parties, the Service Fees to be paid by Party B to Party A pursuant to this Agreement
    shall not include any deduction or offset.

 

	3.	Confidentiality
    Clauses
	 	 	 
	 	 3.1
    	The
    Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between
    the Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each
    Party shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the
    other Party, it shall not disclose any relevant confidential information to any third parties, except for the information
    that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b)
    is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders
    of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders, investors,
    legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, investors,
    legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this
    Section. Disclosure of any confidential information by the staff members or agencies hired by any Party shall be deemed disclosure
    of such confidential information by such Party, which Party shall be held liable for breach of this Agreement. This Section
    shall survive the termination of this Agreement for any reason.
	 	 	 
	 	 3.2	The
                                         Parties agree that this Section shall survive changes to, and rescission or termination
                                         of, this Agreement.

         

 

    	 	 	 

     

    

 

	4.	Representations
    and Warranties
	 	 	 	 
	 	4.1	Party
                                         A hereby represents and warrants as follows:

         

	 

         
	 	 4.1.1
    	 Party
    A is a limited liability company legally registered and validly existing in accordance with the laws of Hong Kong SAR.
	 	 	 	 
	 	 	 4.1.2
    	 Party
    A has taken all necessary corporate actions, obtained all necessary authorization and the consent and approval from third
    parties and government agencies (if any) for the execution, delivery and performance of this Agreement. Party A’s execution,
    delivery and performance of this Agreement do not violate any explicit requirements under any law or regulation binding on
    Party A.
	 	 	 	 
	 	 	 4.1.3
    	 This
    Agreement constitutes Party A’s legal, valid and binding obligations, enforceable in accordance with its terms.
	 	 	 	 
	 	4.2
    	Party
    B hereby represents and warrants as follows:
	 	 	 	 
	 	 	4.2.1
    	Party
                                         B is a company legally registered and validly existing in accordance with the laws of
                                         Hong Kong SAR and has obtained the relevant permit and license for engaging in the Principal
                                         Business in a timely manner; 

	 	 	 	 
	 	 	4.2.2
    	Party
                                         B has taken all necessary corporate actions, obtained all necessary authorization and
                                         the consent and approval from third parties and government agencies (if any) for the
                                         execution, delivery and performance of this Agreement. Party B’s execution, delivery
                                         and performance of this Agreement do not violate any explicit requirements under any
                                         law or regulation binding on Party A. 

	 	 	 	 
	 	 	 4.2.3
    	 This
    Agreement constitutes Party B’s legal, valid and binding obligations, and shall be enforceable against it.
	 	 	 	 
	5.	Effectiveness
    and Term
	 	 	 	 
	 	5.1
    	This
    Agreement is executed on the date first above written and shall take effect as of such date. Unless earlier terminated in
    accordance with the provisions of this Agreement or relevant agreements separately executed between the Parties, the term
    of this Agreement shall be 10 years.
	 	 	 	 
	 	5.2
    	The
    term of this Agreement may be extended if confirmed in writing by Party A prior to the expiration thereof. The extended term
    shall be determined by Party A, and Party B shall accept such extended term unconditionally.
	 	 	 
	6.	Termination
	 	 	 	 
	 	6.1	Unless
                                         renewed in accordance with the relevant terms of this Agreement, this Agreement shall
                                         be terminated upon the date of expiration hereof. 

	 	 	 
	 	6.2
    	During
                                         the term of this Agreement, Party B shall not terminate this Agreement prior to its expiration
                                         date. Nevertheless, Party A shall have the right to terminate this Agreement upon giving
                                         30 days’ prior written notice to Party B at any time. 

	 	 	 
	 

        
	6.3
    	The
    rights and obligations of the Parties under Articles 3, 7 and 8 shall survive the termination of this Agreement.

 

    	 	 	 

     

    

 

	7.
    	Governing
    Law and Resolution of Disputes
	 	 	 
	 	7.1	 The
    execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
    hereunder shall be governed by the laws of Hong Kong SAR.
	 	 	 
	 	 7.2	 In
    the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve
    the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days
    after either Party’s request to the other Parties for resolution of the dispute through negotiations, either Party may
    submit the relevant dispute to the Hong Kong International Arbitration Centre for arbitration, in accordance with its Arbitration
    Rules. The arbitration shall be conducted in Hong Kong, and the language used in arbitration shall either be Chinese or English.
    The arbitration award shall be final and binding on all Parties.
	 	 	 
	 	7.3	 Upon
    the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration
    of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective
    rights under this Agreement and perform their respective obligations under this Agreement.
	 	 	 
	8.	Indemnification
	 	 	 
	 	Party
    B shall indemnify and hold harmless Party A from any losses, injuries, obligations or expenses caused by any lawsuit, claims
    or other demands against Party A arising from or caused by the consultations and services provided by Party A to Party B pursuant
    this Agreement, except where such losses, injuries, obligations or expenses arise from the gross negligence or willful misconduct
    of Party A.

 

	9.	Notices
	 	 	 	 
	 	 9.1	All
    notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally
    or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of
    such Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which notices shall
    be deemed to have been effectively given shall be determined as follows:
	 	 	 	 
	 	 	9.11
    	Notices
    given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on
    the date of receipt or refusal at the address specified for notices.
	 	 	 	 
	 	 	9.1.2	Notices
    given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by
    an automatically generated confirmation of transmission).
	 	 	 	 
	 	9.2	For
    the purpose of notices, the addresses of the Parties are as follows:

 

	 	Party
    A: Greenpro Holding Limited
	 	 
	 	Address:	Suite
    2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong
	 	Attn:	Lee
    Chong Kuang
	 	Phone:	+852
                                         3111 7718

        

	 	 	 
		Party
    B: Greenpro Synergy Network Limited
	 	 
	 	Address:	Suite
    2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong
	 	Attn:	Loke
    Che Chan, Gilbert
	 	Phone:	+852
    3111 7718

 

	 	 9.3	Any
    Party may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms
    hereof.

 

    	 	 	 

     

    

 

	 10.	Assignment
	 	 	 
	 	10.1	 Without
    Party A’s prior written consent, Party B shall not assign its rights and obligations under this Agreement to any third
    party.
	 	 	 
	 	10.2
    	Party
                                         B agrees that Party A may assign its obligations and rights under this Agreement to any
                                         third party upon a prior written notice to Party B but without the consent of Party B. 

	 	 	 
	 11.	Severability
	 	 	 
	 	In
    the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any
    aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of
    this Agreement shall not be affected or compromised in any aspect. The Parties shall strive in good faith to replace such
    invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by
    law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible
    to the economic effect of those invalid, illegal or unenforceable provisions.
	 	 	 
	 12.	Amendments
    and Supplements
	 	 
	 	Any
    amendments and supplements to this Agreement shall be in writing. The amendment agreements and supplementary agreements that
    have been signed by the Parties and that relate to this Agreement shall be an integral part of this Agreement and shall have
    the same legal validity as this Agreement.
	 	 	 
	 13.	Language
    and Counterparts
	 	 	 
	 	This
    Agreement is written in English language in two copies, each Party having one copy with equal legal validity. 

 

IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Exclusive Business Cooperation Agreement
as of the date first above written.

 

	Party
    A: Greenpro Holding Limited	 
	 	 	 
	By:	/s/
    Lee Chong Kuang 	 
	Name:	 Lee
    Chong Kuang	 
	Title:	Director	 
	 	 	 
	Party B: Greenpro Synergy Network
                                         Limited

	 
	 	 	 
	By:	/s/
    Loke Che Chan, Gilbert	 
	Name:	 Loke
    Che Chan, Gilbert	 
	Title:	Director

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