Document:

Exhibit 10.17

 

Premises Lease Agreement

 

Parties to this Agreement:

 

Lessor: Zhao Feng International Investment Limited (hereinafter referred to as “Party A”)

 

Lessee: Congatec Asia Ltd. (hereinafter referred to as “Party B”)

 

The Parties hereby agree as follows in respect of lease of the Premises:

 

Article 1                                                   Location of Premises and Scope of Lease

 

Location of the Premises: 14F-2, No. 270. Sec 4, Zhongxiao East Road, Da’an District, Taipei

 

Scope of lease:  x the Premises in whole o in part (as shown in the attached floor plan).

 

Article 2                                                   Term of Lease

 

The term of lease is from January 1, 2015 through December 31, 2015. If Party B does not terminate this Agreement upon its expiry, it shall be deemed to have been renewed with the terms of the previous lease, mutatis mutandis.

 

Article 3                                                   Rent

 

The monthly rent payable is TWD224,000 (tax-inclusive), which shall be paid on a monthly basis. Party B shall not delay making or refuse to make the rent payment for any reason, nor shall Party A arbitrarily request for any adjustment of the rent.

 

Article 4                                                   Payment of Rent

 

The rent shall be paid by remittance on a monthly basis.

 

Article 5                                                   Deposit

 

Party B shall pay Party A a deposit in the amount of TWD450,000 upon the execution of this Agreement to guarantee Party B’s performance of the obligations herein. Upon removal of Party B from and returning the Premises when the lease is suspended or expired, such deposit shall be refunded by Party A without any interest after deducting any rent, water and electricity fees, and other fees and liabilities accrued and owed by Party B.

 

Article 6                                                   Taxes

 

Any taxes on the Premises shall be borne by Party A, and Party B is responsible for water and electricity fees, gas fees, phone charges, community building management fees, cleaning fees, incidental expenses arising from Party B’s occupation and use of the Premises and Party B’s business taxes.

 

Article 7                                                   Restriction on Use of Premises

 

The Premises shall be used for business purpose.

 

 

Party B agrees to comply with the regulations on tenants, and shall not illegally use or store hazardous materials or jeopardize the public security. Without Party A’s consent, Party B shall not sublet, lease, accept the transfer of, or otherwise allow others to use the Premises in whole or in part, or transfer the lease right to others.

 

Article 8                                                   Responsibility of Lessee and Repair

 

From the date on which Party A delivers the Premises to Party B, Party B shall exercise its duty of care to use, manage and maintain the Premises. In case of any damage to the Premises due to Party B’s intentional or negligent act, or improper use, management or maintenance, Party B shall be liable for any damages. If it is necessary to repair any damages to the Premises resulting from any natural cause or act of god not attributable to Party B, Party A shall be responsible for such repair upon notification by Party B, provided that Party B shall be solely responsible for repairing any additions, decorations and improvements carried out by Party B on its own.

 

Article 9                                                   Facility Improvements

 

If Party B intends to fit-out or improve the Premises, it shall obtain Party A’s prior consent, bear the relevant expenses and be solely responsible for the management and maintenance, and shall not damage the structure or compromise the safety of the Premises. Party B shall be responsible for reinstating the Premises when it returns the same.

 

Article 10                                            Partial Destruction of Premises

 

During the existence of the lease, in case of destruction of the Premises in part due to any cause not attributable to Party B, Party B is entitled to request for a pro rata decrease in the rent accordingly.

 

In the above-said circumstance, Party B is entitled to terminate the lease if the remaining part of the Premises cannot serve the lease purpose of Party B.

 

Article 11                                            Early Termination

 

After Party A delivers the Premises to Party B, Party B can terminate this Agreement before its expiry provided that Party B shall notify Party A three months in advance and pay Party A liquidated damages in the amount of one month’s rent.

 

Article 12                                            Return of Premises

 

Party B shall move out of and return the Premises to Party A upon expiry or termination of the lease, and shall not continue to use the Premises for any reason or claim for any relocation costs or other expenses. If Party B fails to move out of and return the Premises promptly, for the period from the day immediately following termination or expiry of the lease until the removal completion date, Party A is entitled to claim from Party B liquidated damages in the amount of double rent.

 

Article 13                                            Disposal of Leftover

 

Upon Party B’s removal from the Premises, the leftover (if any) shall be deemed as wastes to be disposed of by Party A in its own discretion. The expenses for such disposal shall be first deducted from the deposit, and Party B shall make up for the deficiency, if any.

 

 

Article 14                                            Service Address

 

Correspondences between Party A and Party B shall be delivered to the addresses set forth herein or in the notarial certificate. Any subsequent changes thereto shall be notified to the other party in writing.

 

Article 15                                            Termination of Lease by Lessor

 

If any of the following circumstances occurs to Party B, Party A is entitled to terminate the lease:

 

1.              Party B falls behind with two months’ rent payment, and the delay in payment has exceeded two months while it has been agreed that the rent shall be paid at the beginning of each period, and Party B fails to cure its default within a reasonable period upon Party A’s demand.

 

2.              Party B uses the Premises in breach of Article 7.

 

3.              Party B uses the Premises in breach of Article 9.

 

4.              Party B uses the Premises in other manners violating the provisions herein.

 

Article 16                                            Termination of Lease by Lessee

 

In any of the following circumstances, Party B is entitled to terminate the lease:

 

1.              When it is necessary to repair any damages to the Premises, Party A, who is responsible for such repair, fails to do so within a reasonable period upon Party B’s demand.

 

2.              In the circumstance set forth in paragraph 2, Article 10.

 

3.              In case of any defect of the Premises which endangers the safety or health of Party B or its cohabitant(s).

 

4.              If any third party claims any right concerning the Premises, which precludes use of the Premises for the agreed purposes.

 

5.              Other specific matters: None.

 

Article 17                                            Several and Joint Liability of Guarantor

 

If Party B has a guarantor, the guarantor shall be severally and jointly responsible with the guarantee.

 

Article 18                                            Uncovered Matters

 

In case of any matter uncovered herein, it shall be settled fairly according to the relevant laws, customs and principle of good faith.

 

Article 19                                            Miscellaneous

 

1.              The deposit is a guarantee of payment of the damages in case of any breach by Party B. Unless otherwise stipulated by law, the deposit shall not be used to offset the rent or other amounts payable by Party B during the lease term.

 

2.              Party B shall withhold and pay taxes on the lease proceeds according to law.

 

3.              Within thirty days before expiry of the lease, Party A is entitled to bring a prospective tenant or purchaser of the Premises to enter the same for a visit, provided that such visit shall take place during the daytime as a principle, and at a specific time to be mutually agreed by the Parties.

 

4.              Within one month before expiry of the lease, a Party shall notify in writing the other if it wishes to renew the lease. If so, the Parties shall enter into a separate lease agreement.

 

 

Article 20                                            Matters subject to enforcement are set forth in the notarial certificate.

 

Parties to this Agreement:

 

Lessor: Zhao Feng International Investment Limited

Uniform No.: 29076318

Domicile: 10F-3, No. 270. Sec 4, Zhongxiao East Road, Da’an District, Taipei

(Corporate seal of Zhao Feng International Investment Limited affixed)

 

Lessee: Congatec Asia Ltd.

Uniform No.: 53120052

Domicile: 14F-2, No. 270. Sec 4, Zhongxiao East Road, Da’an District, Taipei

(Corporate seal of Congatec Asia Ltd. affixed)

 

Date:EXHIBIT 10.18

 

BUSINESS CONSULTATION AGREEMENT

 

This Business Consultant Agreement (the “Agreement”) is made and effective July 1st, 2015,

 

	
Between:
    	
Mike Chao (the “Consultant”), an individual with   main address located at 11F-3, No. 422, Ku-Fu South Rd, Taipei, Taiwan.
    
	
 
    	
 
    
	
And:
    	
congatec Asia Ltd. (the “Company”), a company duly   organized and existing under the laws of ROC with registered office located   14F-2, No. 270, Sec. 4, Zhong Xiao East Rd. 106 Taipei, Taiwan.
    

 

WHEREAS, the Company desires that the Consultant provides advice and assistance to the Company in his area of expertise; and

 

WHEREAS, the Consultant desires to provide such advice and assistance to the Company under the terms and conditions of this Agreement;

 

NOW, THEREFORE, the Company and the Consultant hereby agree as follows:

 

1.                                      Consultation Services

 

The Consultant shall perform the following services in accordance with the terms and conditions set forth in this Agreement:

 

a.                                      assist the management board of the Company in the determination of the Company’s strategy and in the development, drafting and achievement of the Company’s business plan;

 

b.                                      support the management on an interim basis with respect to the day-to-day business of the Company;

 

c.                                       encourage ongoing strategic planning and business positioning by reference to external market trends and conditions;

 

d.                                      enhance relationships with all major stakeholders in the business, including shareholders, creditors, employees, customers, suppliers, government, and industry in the APAC region;

 

e.                                       Ad-hoc business consultation services based upon the Company’s requests.

 

The Consultant shall perform his duties and responsibilities with due diligence, in a safe and competent manner and in compliance with all applicable statutory provisions as well as the Company’s articles of association and applicable internal rules of procedure (if any).

 

 

The Consultant shall provide the full benefit of his knowledge, expertise, technical skill and ingenuity in connection with the provisions of the above mentioned services and devote his time, attention and abilities at such times as may be necessary for the proper performance of these services.

 

2.                                      Terms of Agreement

 

(a)                                 This Agreement shall remain in effect for a term of one (1) year commencing on the date first written above, unless sooner terminated as hereinafter provided, this agreement will be extended for one (1) year period.

 

(b)                                 This Agreement may be terminated by either party, with or without cause, upon thirty (90) days prior written notice to the other; provided that if Consultant terminates this Agreement, Consultant shall, in accordance with the terms and conditions hereof, nevertheless wind up in an orderly fashion assignments for the Company which Consultant began prior to the date of notice of termination hereunder.

 

(c)                                  Upon termination of this Agreement for any reason, Consultant shall be entitled to receive such compensation and reimbursement, if any, accrued under the terms of this Agreement, but unpaid, as of the date Consultant ceases work under this Agreement.  In addition, Consultant shall be reimbursed for any non-cancellable obligations, any cancellation penalties, and, unless Consultant terminates the agreement without cause, any expenditures reasonably made in order to perform the Services that were to occur had cancellation not occurred.

 

3.                                      Compensation and Reimbursement

 

In consideration of the services to be provided by Consultant to the Company hereunder, the Company shall pay to Consultant as exhibit at (Annex 1.)  [Note: a remuneration and service structure should be provided that enables the consultant to also retain other clients to minimize the risk of a fictitious self employment (in case this exists under Taiwanese laws))  In addition, the Company shall reimburse Consultant for reasonable travel, telecommunication and other expenses Consultant incurs in connection with performing the Services.  To obtain reimbursement, Consultant shall submit to the Company, invoices describing services rendered and expenses incurred under this Agreement.  The Company shall pay to Consultant invoiced amounts within thirty (30) days after the date of invoice.  Company will accommodate Consultant’s request to arrange, at Company’s expense, for all of Consultant’s travel and accommodations in connection with such meetings if it occur.  In case expenses exceed an amount of EUR 5000 in the individual case, the consultant shall obtain the prior approval of the Company prior to making such expense.  The same applies to overseas travel and related expenses.

 

4.                                      Independent Contractor

 

The Consultant shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Company and the Group in any way.  Nothing in this Agreement shall render the Consultant an employee, agent or partner of the Company and the Consultant shall not hold himself out as such.  The Company shall not be liable for any of the acts or omissions of the Consultant.  The Consultant shall not sign any document, enter into any agreement or make any undertaking on behalf of the Company.

 

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5.                                      Confidentiality

 

To the extent that, in connection with this engagement, the Consultant comes into possession of any financial information, trade secrets or other proprietary or confidential information of the Company, the Consultant will not disclose such information to any third party without the Company’s consent.  The Company hereby consents to the Consultant disclosing such information (a) as may be required by law, regulation, judicial or administrative process, or in accordance with applicable professional standards, or in connection with potential claim or litigation pertaining hereto, or (b) to the extent such information (i) shall have otherwise become publicly available (including, without limitation, any information filed with any governmental agency and available to the public) other than as the result of a disclosure by the Consultant in breach hereof, (ii) becomes available to the Consultant on a nonconfidential basis from a source other than the Company which Consultant believes is not prohibited from disclosing such information to the Consultant by obligation to the Company, (iii) is known by the Consultant prior to its receipt from the Company without any obligation of confidentiality with respect thereto, or (iv) is developed by the Consultant independently of any disclosures made by the Company to the Consultant of such information.  In satisfying its obligations under this paragraph, the Consultant shall maintain the Company’s trade secrets and proprietary or confidential information in confidence using at least a reasonable degree of care.

 

6.                                      Competition

 

[During the term of this agreement and for a period of 2 years thereafter, the Consultant shall not work for a COM competitor of the Company.]

 

7.                                      Company Records / Work Products

 

The Consultant agrees to hold all business records which were placed in his disposal in safe custody and to ensure that they cannot be inspected by third parties.

 

Upon termination of this Agreement or the Consultant’s release from performing the services under this Agreement, whichever occurs earlier, the Consultant agrees to return to the Company all materials relating to the Group which are in his possession, including all documents, correspondence, records, drafts and the like, electronically-held documents and other data files relating to Group matters, and to delete any Group data on his PC after offering the Company a copy thereof.  This obligation shall not apply to those documents, copies thereof and/or information which the Consultant is required to retain by mandatory law.  Any right of retention regarding the materials set forth in this Section is excluded.  The Consultant shall not be entitled to any compensation or damages for returning Group property or materials prior to termination of this Agreement.  The Consultant shall confirm in writing the full discharge of his duty to return Group property and materials upon termination of this Agreement or his release from performing the services under this Agreement.

 

The Consultant shall transfer all transferable rights regarding any intellectual property developed during his assignment of any nature whatsoever to the Company and such transfer shall be deemed to have been compensated by the payment of the compensation in accordance with Section 3.

 

8.                                      Company Responsibilities

 

The Company shall cooperate with the Consultant in the performance by the Consultant of the Services, including, without limitation, providing the Consultant with reasonable facilities and timely access to data, information and personnel of the Company.  The Company acknowledges and agrees that the Consultant’s performance is dependent upon the timely and effective satisfaction of the Company’s

 

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responsibilities hereunder and timely decisions and approvals of the Company in connection with the Services.  The Company shall be solely responsible for, among other things; (a) making all management decisions and performing all management functions; and (b) evaluating the adequacy and results of the Services performed.

 

9.                                      Governing Law and Dispute Resolution

 

This Agreement shall be governed by and construed in accordance with the laws of Taiwan, ROC, without giving effect to any choice of law or conflict of law provisions.  The Parties consent to the non-exclusive jurisdiction and venue in the courts of Taiwan.

 

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

 

	
Company
    	
Consultant
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Gerhard Edi
    	
 
    	
/s/ Chao Ko Chung
    
	
Authorised Signature
    	
Authorised Signature
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Gerhard Edi, President
    	
 
    	
Chao Ko Chung
    
	
Print Name and Title
    	
Print Name and Title
    

 

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Annex 1 : to the Business Consultation Agreement between congatec Asia and Mr. Chao Ko-Chung

 

Agreement on Consultancy Compensation

 

2015.7.1 - 2015.12.31 @USD4000 per month

2016.1.1 — 2016.12.31 TBD before 2015.12.31

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