Document:

Exhibit 10.1

 

EXECUTION COPY

 

 

 

 

 

 

STOCK PURCHASE AGREEMENT

 

by and among

 

ENROCHEM UK, LTD.,

 

AFH ACQUISITION IX, INC.

 

and

 

AFH
HOLDING & ADVISORY LLC

 

 

DATED AS OF AUGUST 30, 2017

 

 

 

 

 

    	 

     

    

 

TABLE OF CONTENTS

 

 

	 	Page
	 	 
	ARTICLE I

DEFINITIONS	1
	 	 	 	 
	ARTICLE II

PURCHASE AND SALE OF ACQUIRED SHARES; CLOSING	6
	 	2.1	Purchase and Sale	6
	 	2.2	Purchase Price	6
	 	2.3	Closing	6
	 	2.4	Closing Obligations	6
	 	 	 	 
	ARTICLE III

REPRESENTATIONS AND WARRANTIES OF SELLER	8
	 	3.1	Organization; Good Standing	8
	 	3.2	Ownership	8
	 	3.3	Authority	8
	 	3.4	Valid Transfer	8
	 	3.5	Compliance with Other Instruments	8
	 	3.6	Legal Proceedings	9
	 	 	 	 
	ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF CORPORATION	9
	 	4.1	Organization; Good Standing	9
	 	4.2	Authority; No Conflict	9
	 	4.3	Capitalization	10
	 	4.4	SEC Reports; No Undisclosed Liabilities	10
	 	4.5	Title to Properties; Liens	11
	 	4.6	Taxes	11
	 	4.7	Employees	11
	 	4.8	Legal Proceedings; Orders	11
	 	4.9	Compliance With Legal Requirements; Governmental Authorizations	12
	 	4.10	Absence of Certain Changes and Events	12
	 	4.11	Contracts; No Operations	13
	 	4.12	Insurance	13
	 	4.13	Intellectual Property	13
	 	4.14	Brokers or Finders	13
	 	4.15	Interested Transactions	13
	 	 	 	 
	ARTICLE V

REPRESENTATIONS AND WARRANTIES OF BUYER	13
	 	5.1	Organization of Buyer; Good Standing	14
	 	5.2	Authority	14
	 	5.3	No Conflicts	14
	 	5.4	Legal Proceedings	14

 

    	i 

     

    

 

TABLE OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	 	5.5	Brokers or Finders	14
	 	5.6	Investment Intent	14
	 	 	 	 
	ARTICLE VI

FURTHER AGREEMENTS OF THE PARTIES	14
	 	6.1	Cooperation	14
	 	6.2	Confidentiality	15
	 	 	 	 
	ARTICLE VII

INDEMNIFICATION; REMEDIES	15
	 	7.1	Survival	15
	 	7.2	Indemnification and Payment of Damages by Seller	15
	 	7.3	Indemnification and Payment of Damages By Buyer	16
	 	7.4	Additional Limitations	16
	 	7.5	Exclusive Remedies	16
	 	7.6	Characterization of Payments	16
	 	7.7	Procedure for Indemnification – Third Party Claims	16
	 	7.8	Procedure for Indemnification – Other Claim.	17
	 	 	 	 
	ARTICLE VIII

GENERAL PROVISIONS	18
	 	8.1	Expenses	18
	 	8.2	Public Announcements	18
	 	8.3	Notices	18
	 	8.4	Governing Law; Jurisdiction; Service of Process	19
	 	8.5	Waiver	19
	 	8.6	Entire Agreement and Modification	20
	 	8.7	Disclosure Letters	20
	 	8.8	Assignments, Successors, and No Third-Party Rights	20
	 	8.9	Severability	20
	 	8.10	Section Headings; Construction	20
	 	8.11	Counterparts	20

 

    	ii 

     

    

 

STOCK PURCHASE AGREEMENT

 

This Stock Purchase
Agreement (“Agreement”) is made as of August 30, 2017 by and among Enrochem UK, LTD., an English limited
company (“Buyer”), AFH Acquisition IX, Inc., a Delaware corporation (the “Corporation”),
and AFH Holding & Advisory LLC, a Delaware limited liability company (“Seller”).

RECITALS

 

WHEREAS, the
Seller owns Five Million (5,000,000) shares of Common Stock of Corporation (the “Acquired Shares”), which
shares represent all of the issued and outstanding shares of the Corporation’s stock; and

 

WHEREAS, Seller
desires to sell to Buyer and Buyer desires to purchase from the Seller, in each case subject to the terms and conditions set forth
in this Agreement, the Acquired Shares (the “Transaction”).

 

NOW, THEREFORE,
in consideration of the mutual representations, warranties, covenants and agreements contained herein, the parties, intending
to be legally bound, hereby agree as follows:

 

ARTICLE
I

DEFINITIONS

 

For purposes of this
Agreement, the following terms have the meanings specified or referred to in this Article I:

 

“Acquired
Shares” has the meaning set forth in the Recitals.

 

“Affiliate”
means, with respect to a specified Person, any other Person that directly, or indirectly through one or more intermediaries, controls,
or is controlled by, or is under common control with, the Person specified or one or more Affiliates thereof. For the purposes
of this definition, “controlling,” “controlled” and “control” means the
possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership
of voting securities, contract or otherwise.

 

“Agreement”
has the meaning set forth in the preamble of this Agreement.

 

“Bankruptcy
and Equity Exception” has the meaning set forth in Section 3.3.

 

“Business
Day” means any day other than (a) a Saturday or Sunday or (b) any day on which the New York Stock Exchange is closed
for trading.

 

“Buyer”
has the meaning set forth in the preamble of this Agreement.

 

    	 	1	 

     

    

 

“Buyer
Disclosure Letter” means the disclosure letter delivered by Buyer to Corporation and Seller concurrently with the
execution and delivery of this Agreement.

 

“Buyer
Indemnified Parties” has the meaning set forth in Section 7.2.

 

“Claimant”
has the meaning set forth in Section 7.7(a).

 

“Closing”
has the meaning set forth in Section 2.3.

 

“Closing
Date” has the meaning set forth in Section 2.3.

 

“Common
Stock” has the meaning set forth in Section 4.3.

 

“Consent”
means any filing with, notice to, or approval, consent, ratification or waiver from, any Person.

 

“Contract”
means any written agreement, contract, obligation, promise, or undertaking that is legally binding.

 

“Corporation”
has the meaning set forth in the Recitals of this Agreement.

 

“Corporation
Balance Sheet” means the balance sheet of the Corporation dated July 31, 2016 set forth in the Corporation’s
September 15, 2016 Form 10-Q.

 

“Corporation
Financial Statements” has the meaning set forth in Section 4.4(b).

 

“Corporation
Insurance Policies” has the meaning set forth in Section 4.12.

 

“Corporation
Registered Intellectual Property” means all worldwide patents and patent applications, trademark registrations and
copyright registrations, and applications for trademark and copyright registrations, in each case that are owned by Corporation.

 

“Damages”
has the meaning set forth in Section 7.2.

 

“Delinquent
SEC Reports” has the meaning set forth in Section 4.4.

 

“Family”
means, with respect to an individual, the individual and the individual’s (i) parents, (ii) spouse, (iii) children, and (iv)
siblings.

 

“FINRA”
means the Financial Industry Regulatory Authority, Inc. (including its predecessor organizations).

 

“GAAP”
means United States generally accepted accounting principles.

 

“Governmental
Authorization” means any approval, consent, license, permit, waiver, or other authorization issued, granted, given,
or otherwise made available by or under the authority of any Governmental Body or pursuant to any Legal Requirement.

 

    	 	2	 

     

    

 

“Governmental
Body” means any:

 

(a)       nation,
state, county, city, town, village, district, or other jurisdiction of any nature;

 

(b)       federal,
state, local, municipal, foreign, or other government;

 

(c)       governmental
or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any
court or other tribunal);

 

(d)       multi-national
organization or body;

 

(e)       exchange
or clearing house; or

 

(f)       body
exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory, or Taxing Authority
or power of any nature.

 

“Intellectual
Property” means the following: (a) copyrights, registrations, works of authorship, expressions, designs and design
registrations, and applications for registration thereof, (b) trademarks, service marks, trade names, slogans, domain names, web
addresses, web pages, websites and related content, logos, trade dress, and registrations and applications for registrations thereof,
(c) patents and patent applications, (d) Software, and (e) trade secrets and confidential and proprietary information, including
data, ideas, designs, discoveries, concepts, compilations of information, methods, techniques, procedures, processes and other
know-how, whether or not patentable.

 

“IRC”
means the Internal Revenue Code of 1986 or any successor law, and regulations issued by the IRS pursuant to the Internal Revenue
Code or any successor law.

 

“IRS”
means the United States Internal Revenue Service or any successor agency, and, to the extent relevant, the United States Department
of the Treasury.

 

“Knowledge”
means, with respect to any entity, as to a particular fact or other matter, the actual knowledge of any member of the senior management
or the board of directors or similar governing body of such entity.

 

“Legal
Requirement” means any federal, state, local, municipal, foreign, international, multinational, self-regulatory organization,
exchange, clearing house or other administrative law, statute, regulation, constitution, ordinance, principle of common law, or
treaty.

 

“Liabilities”
means, with respect to a Person, any and all debts, liabilities or obligations of such Person of any kind, character or description,
whether known or unknown, absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured
or unsecured, joint or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise, and
whether or not the same is required to be accrued on the financial statements of such Person.

 

“Lien”
means any mortgage, lien, security interest, pledge, hypothecation, encumbrance, restriction, reservation, encroachment, infringement,
easement, conditional sale agreement, title retention or other security arrangement, defect of title, adverse right or interest,
charge or claim of any nature whatsoever of, on, or with respect to any property or property interest.

 

    	 	3	 

     

    

 

“Material
Contracts” has the meaning set forth in Section 4.11.

 

“NFA”
means the National Futures Association.

 

“Order”
means any award, decision, injunction, judgment, order, ruling, or verdict entered, issued, made, or rendered by any Governmental
Body.

 

“Ordinary
Course of Business” means, with respect to a Person, an action taken by such Person in the ordinary course of the
normal day-to-day operations of such Person, consistent with past practice.

 

“Organizational
Documents” means (a) the articles or certificate of incorporation and the bylaws of a corporation; (b) the partnership
agreement and any statement of partnership of a general partnership; (c) the limited partnership agreement and the certificate
of limited partnership of a limited partnership; (d) the certificate of formation and limited liability company operating agreement
of a limited liability company; (e) any other charter, trust documents, or similar document adopted or filed in connection with
the creation, formation, or organization of a Person; (f) any stockholders agreement or similar arrangement among security holders;
and (g) any amendment to any of the foregoing.

 

“Permitted
Liens” means Liens (a) for Taxes or other governmental charges not yet due and payable; (b) carriers, warehousemen,
mechanics, laborers or other similar Liens created by statute and incurred in the Ordinary Course of Business for sums not yet
due; or (c) Liens involving restrictions on transfer arising under the Organizational Documents of the issuer or securities or
under federal or state securities laws, in each case of clause (a), (b) and (c) to the extent the related Liability is reflected
in the Corporation financial statements.

 

“Person”
means any individual, corporation (including any non-profit corporation), general or limited partnership, limited liability company,
joint venture, estate, trust, association, organization, labor union, or other entity or Governmental Body.

 

“Preferred
Stock” has the meaning set forth in Section 4.3.

 

“Proceeding”
means any action, arbitration, audit, hearing, investigation, litigation, or suit (whether civil, criminal, administrative, investigative,
or informal) commenced, brought, conducted, or heard by or before any Governmental Body or arbitrator.

 

“Purchase
Price” has the meaning set forth in Section 2.2.

 

“Registered
Intellectual Property” means Intellectual Property that has been registered with, or for which an application for
registration has been submitted to the United States Patent and Trademark Office (or any corresponding state agency), the United
States Copyright Office or any domain name registrar.

 

    	 	4	 

     

    

 

“Regulatory
Documents” means (i) any monthly or annual reports and any disclosure document required to be filed by or on behalf
of any Fund under applicable FINRA, NFA, or other Governmental Bodies’ rules and regulations, and (ii) any periodic reports
and any registration statements required to be filed by or on behalf of any fund with the SEC in accordance with applicable federal
securities laws.

 

“Representative”
means with respect to a particular Person, any director, officer, employee, agent, consultant, advisor, or other representative
of such Person, including legal counsel, accountants, and financial advisors.

 

“Retainer
Amount” means an amount equal to $10,000.00, payable to Brian Rusywick for the preparation and submission of the
Delinquent SEC Reports.

 

“SEC”
means the United States Securities and Exchange Commission.

 

“SEC Reports”
has the meaning set forth in Section 4.4(a).

 

“Securities
Act” means the Securities Act of 1933 or any successor law, and regulations and rules issued pursuant to that Act
or any successor law.

 

“Seller”
has the meaning set forth in the preamble of this Agreement.

 

“Seller
Indemnified Parties” has the meaning set forth in Section 7.3.

 

“Software”
means any instruction or set of instructions that is used (e.g., read, compiled, processed or manipulated) by, in or on
any equipment, including application programming interfaces, source code and object code versions of applications programs, operating
system software, software tools, computer software languages and utilities software; in each case, in whatever form or media, including
the tangible media upon which they are recorded or printed, together with all corrections, improvements, enhancements, modifications,
updates and releases thereof prior to the Closing.

 

“Subsidiary”
means with respect to any Person (the “Owner”), any corporation or other Person of which securities or
other interests having the power to elect a majority of that corporation’s or other Person’s board of directors or
similar governing body, or otherwise having the power to direct the business and policies of that corporation or other Person (other
than securities or other interests having such power only upon the happening of a contingency that has not occurred) are held by
the Owner or one or more of its Subsidiaries.

 

“Tax”
or “Taxes” means all federal, state, local or foreign net or gross income, gross receipts, sales, use,
ad valorem, value added, franchise, withholding, payroll, employment, excise, property, alternative minimum, environmental or other
taxes, assessments, duties, fees, levies or other governmental charges of any nature whatsoever, whether disputed or not, together
with any interest, penalties, additions to tax or additional amounts with respect thereto.

 

“Tax Return”
means any return, declaration or report relating to Taxes due, any information return with respect to Taxes, or other similar report,
statement, declaration or document required to be filed under any law, regulation or similar in respect of Taxes, any amendment
to any of the foregoing, any claim for refund of Taxes paid, and any attachments, amendments or supplements to any of the foregoing.

 

    	 	5	 

     

    

 

“Taxing
Authority” means any governmental agency, board, bureau, body, department or authority of any United States federal,
state or local jurisdiction or any foreign jurisdiction, having or purporting to exercise jurisdiction with respect to any Tax.

 

“Third
Party Claim” has the meaning set forth in Section 7.7(a).

 

“Third
Party Claim Notice” has the meaning set forth in Section 7.7(a).

 

“Transaction”
has the meaning set forth in the Recitals.

 

ARTICLE
II

PURCHASE AND SALE OF Acquired SHARES; CLOSING

 

2.1       Purchase
and Sale. Subject to the terms and conditions of this Agreement, at the Closing, Seller will sell, assign, transfer, convey,
and deliver the Transaction Shares to Buyer, and Buyer will purchase all of Seller’s right, title, and interest in the Transaction
Shares, in each case, free and clear of any Liens, in exchange for the Purchase Price described in Section 2.2.

 

2.2       Purchase
Price. On and subject to the terms and conditions of this Agreement, in consideration of the sale and purchase of the Transaction
Shares pursuant to Section 2.1, Buyer agrees to pay to Seller the aggregate amount of Seven Hundred Fifty Thousand United States
Dollars ($750,000) (the “Purchase Price”) of which (a) $600,000 shall be been deemed to have been paid
by Buyer prior to the Closing and (b) the remaining balance of $150,000 shall be paid at the Closing by wire transfer of immediately
available funds, payable to Seller to the account set forth on Annex I attached hereto.

 

2.3       Closing.
The closing of the purchase and sale provided for in this Agreement (the “Closing”) will take place at
the offices of Eversheds Sutherland (US), LLP, 700 6th Street., NW, Suite 700, Washington, D.C. (or such other place
as the parties may agree), on August 30, 2017 (the “Closing Date”).

 

2.4       Closing
Obligations. At the Closing:

 

(a)       Seller
will deliver to Buyer:

 

		(i)	Certificates representing the Transaction Shares, free
and clear of all Liens, duly endorsed (or accompanied by duly executed stock powers or other instruments of transfer duly executed
in blank) with all required stock transfer tax stamps affixed thereto for transfer to Buyer; and

 

		(ii)	Such other documents or instruments as Buyer reasonably
requests and are reasonably necessary to consummate the Transaction.

 

    	 	6	 

     

    

 

(b)       Corporation
will deliver to Buyer:

 

		(i)	A certificate executed by Corporation’s corporate
secretary (or equivalent officer) certifying that attached thereto are true and complete copies of all resolutions adopted by
the Corporation’s board of directors authorizing the execution, delivery and performance of this Agreement and the consummation
of the Transaction, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection
with the Transaction;

 

		(ii)	A certificate of good standing (or its equivalent) for
Corporation from the Secretary of State of the State of Delaware;

 

		(iii)	A written instruction from Corporation to the Corporation’s
stock transfer agent instructing the stock transfer agent to register the transfer of the Acquired Shares from Seller to Buyer
and remove Seller as a stockholder of the Corporation and record Buyer as the sole stockholder of the Corporation, duly executed
by Corporation and such stock transfer agent, in form and substance satisfactory to Buyer;

 

		(iv)	The written resignation of all officers and directors
of Corporation, in form and substance satisfactory to Buyer;

 

		(v)	Written evidence of the termination of all indebtedness
and liabilities of Corporation to Seller and its Affiliates, in form and substance satisfactory to Buyer;

 

		(vi)	A assignment agreement evidencing the sale of the Acquired
Shares by Seller to Buyer pursuant to the terms of this Agreement, in form and substance satisfactory to Buyer; and

 

		(vii)	Such other documents or instruments as Buyer reasonably
requests and are reasonably necessary to consummate the contemplated Transaction.

 

(c)       Buyer
will deliver to Corporation:

 

		(i)	A certificate of the Buyer’s corporate secretary
(or equivalent officer) certifying that attached thereto are true and complete copies of all resolutions adopted by the Buyer’s
board of directors authorizing the execution, delivery and performance of this Agreement and the consummation of the Transaction,
and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the Transaction;

 

		(ii)	Evidence of good standing (or its equivalent) for Buyer
from the Registrar of Companies for England and Wales; and

 

		(iii)	Such other documents or instruments as Corporation reasonably
requests and are reasonably necessary to consummate the contemplated Transaction.

 

    	 	7	 

     

    

 

(d)       Buyer
will deliver to Seller:

 

		(i)	The Purchase Price by wire transfer to Seller as set forth
in Section 2.2 above; and

 

		(ii)	Such other documents or instruments as Seller reasonably
request and are reasonably necessary to consummate the Transaction.

 

ARTICLE
III

REPRESENTATIONS AND WARRANTIES OF SELLER

 

Seller hereby represents
and warrants to Buyer as follows:

 

3.1       Organization;
Good Standing. Seller has been duly formed and is validly existing and in good standing under the laws of the jurisdiction
of its incorporation.

 

3.2       Ownership.
Seller is the sole record holder of and sole beneficial owner of the Acquired Shares and the Acquired Shares constitute all of
the shares of Common Stock of the Corporation owned by Seller. Seller has good and valid title to the Acquired Shares free and
clear of all Liens, other than Permitted Liens. Other than this Agreement, Seller is not a party to, or bound by, any option, warrant,
purchase right, or other contract or commitment that could require such Seller to sell, transfer, or otherwise dispose of any Acquired
Shares of the Corporation. Seller has not assigned to any Person any claims which it has, may have in the future, or has had, arising
out of or relating to any rights of the Acquired Shares as an owner of the Acquired Shares and Seller is not a party to, or bound
by, any voting trust, proxy, or other agreement or understanding with respect to the voting of the Acquired Shares.

 

3.3       Authority.
Seller has all requisite power and authority to execute and deliver this Agreement and to transfer and sell the Acquired Shares
as contemplated by this Agreement, and to carry out the provisions of this Agreement. All action on the part of Seller necessary
for the authorization, execution and delivery of this Agreement by Seller, and the performance of all obligations of Seller hereunder
has been taken. This Agreement has been duly and validly executed and delivered by Seller and, assuming this Agreement has been
duly authorized, executed and delivered by the other parties hereto, constitutes a valid and legally binding obligation of Seller,
enforceable against Seller in accordance with its terms (except as may be limited by bankruptcy, insolvency, fraudulent transfer,
moratorium, reorganization or similar Legal Requirements of general applicability relating to or affecting the rights of creditors
generally and subject to general principles of equity (the “Bankruptcy and Equity Exception”)).

 

3.4       Valid
Transfer.  Upon transfer to the Buyer of the Acquired Shares held by Seller in accordance with the terms of this Agreement
for the consideration expressed herein, Seller will have transferred to the Buyer good title to the Acquired Shares free and clear
of all Liens.

 

3.5       Compliance
with Other Instruments.  The execution, delivery and performance by Seller of this Agreement will not give rise to a right
of any party to enjoin the transactions contemplated hereunder pursuant to the terms of any mortgage, indenture, contract, lease,
agreement, instrument, judgment, decree, order or writ to which Seller is a party, by which Seller is bound.

 

    	 	8	 

     

    

 

3.6       Legal
Proceedings. There are no Proceedings pending or, to Seller’s knowledge, threatened against or by Seller or any Affiliate
of Seller, that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement, or
that would result in a Lien upon the Acquired Shares. No event has occurred or circumstances exist that may give rise to, or serve
as a basis for, any such action.

 

ARTICLE
IV

REPRESENTATIONS AND WARRANTIES OF Corporation

 

Corporation hereby
represents and warrants to Buyer as follows:

 

4.1       Organization;
Good Standing.

 

(a)       Corporation
is duly incorporated, validly existing, and in good standing under the laws of the State of Delaware, and has the requisite power
and authority to carry on its business and its operations as they are now being conducted. The Corporation is duly qualified or
licensed and in good standing to conduct its business in each jurisdiction where the character of the properties owned, leased
or operated by it with respect to the business or the nature of the business makes such qualification or licensing necessary and
the failure to obtain such qualification or license would be materially adverse to the business of the Corporation.

 

(b)       The
Corporation has no Subsidiaries.

 

(c)       The
Corporation has delivered or made available to Buyer copies of the Organizational Documents of Corporation, as currently in effect.

 

4.2       Authority;
No Conflict.

 

(a)       Corporation
has the absolute and unrestricted right, power, and authority to execute and deliver this Agreement and to perform its obligations
hereunder. The execution and delivery of this Agreement, and the consummation of the Transaction, have been duly authorized by
all requisite corporate action on the part of Corporation, and, assuming that this Agreement has been duly authorized, executed
and delivered by the other parties hereto, constitutes the legal, valid, and binding obligation of Corporation, enforceable against
Corporation in accordance with its terms, except as may be limited by the Bankruptcy and Equity Exception.

 

(b)       The
execution, delivery and performance by the Corporation of this Agreement and the other transaction documents to which the Corporation
is a party and the consummation of the transactions contemplated by this Agreement (with or without the giving of notice, lapse
of time or both): (a) will not conflict with any provision of the Corporation’s Organizational Documents; (b) will not conflict
with, violate, result in a breach of, or constitute a default under, any Legal Requirement; (c) do not require the Consent (i)
of any Governmental Body or any other Person under applicable Legal Requirement or (ii) under any Contract; (d) will not conflict
with, constitute grounds for termination of, result in a breach of, constitute a default under the terms of, any license issued
to Corporation; or (e) result in the creation or imposition of any Lien against or upon any of its assets.

 

    	 	9	 

     

    

 

(c)       Corporation
will not be required to give any notice to or obtain any Consent from any Person in connection with the execution and delivery
of this Agreement or the consummation or performance of the transactions contemplated by this Agreement.

 

4.3       Capitalization.
The authorized equity securities of Corporation consist of 100,000,000 shares of common stock, par value $.001 per share (the “Common
Stock”), and 20,000,000 shares of preferred stock, par value $.001 per share (the “Preferred Stock”).
5,000,000 shares of Common Stock, which constitute all of the Acquired Shares, and no shares of Preferred Stock are issued and
outstanding. The Acquired Shares constitute 100% of the outstanding equity securities of the Corporation and all of the Acquired
Shares are held of record by the Seller. All of the outstanding equity securities of Corporation have been duly authorized and
validly issued and are fully paid and nonassessable. There are no Contracts to which Corporation is a party relating to the issuance,
sale, or transfer of any equity securities or other securities by Corporation.

 

4.4       SEC
Reports; No Undisclosed Liabilities.

 

(a)       Except
for the Corporation’s (i) October 31, 2016 Form 10-K, (ii) January 31, 2017 Form 10-Q, and (iii) April 30, 2017 Form 10-Q
(collectively, the “Delinquent SEC Reports”), Corporation has filed all reports, schedules, forms, statements
and other documents required to be filed by the Corporation under the Securities Act and the Exchange Act, including pursuant to
Section 13(a) or 15(d) thereof, and the rules and regulations thereunder (the foregoing materials, including the exhibits thereto
and documents incorporated by reference therein, being collectively referred to herein as the “SEC Reports”).
As of their respective dates, the SEC Reports complied in all material respects with the requirements of the Securities Act, the
Exchange Act, and the rules thereunder, as applicable, and none of the SEC Reports, when filed, contained any untrue statement
of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading.

 

(b)       There
are no pending comments or queries from the SEC with respect to the SEC Reports. The financial statements of the Corporation included
in the SEC Reports (“Corporation Financial Statements”) comply in all material respects with applicable
accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time of filing. The Corporation
Financial Statements have been prepared in accordance with U.S. GAAP, except as may be otherwise specified in the Corporation Financial
Statements or the notes thereto and except that unaudited financial statements may not contain all footnotes required by U.S. GAAP,
and fairly present in all material respects the financial position of the Corporation as of and for the dates thereof and the results
of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, immaterial, year-end
audit adjustments.

 

(c)       Since
the filing of the September 15, 2016 Form 10-Q, the Corporation has, and has had, no Liabilities, contingent or otherwise. Notwithstanding
anything to the contrary contained in the Corporation’s September 15, 2016 Form 10-Q, the Corporation has no Liabilities,
contingent or otherwise.

 

(d)       Seller
has paid the Retainer Amount to Brian Rusywick, CPA and such Retainer Amount will reduce any amounts payable by the Corporation
to Brian Rusywick, CPA after the Closing in an amount equal to the Retainer Amount.

 

    	 	10	 

     

    

 

4.5       Title
to Properties; Liens. The Corporation does not own, hold any leasehold interest in, or have any other interest in, any
real property. The Corporation owns all the properties and assets (whether real, personal, or mixed and whether tangible or intangible)
reflected as owned by it in the Corporation’s books and records, including all of the properties and assets reflected in
the Corporation Balance Sheet. All material properties and assets reflected in the Corporation Balance Sheet are free and clear
of all Liens, other than Permitted Liens.

 

4.6       Taxes.

 

(a)       Corporation
has filed or caused to be filed on a timely basis all Tax Returns that are or were required to be filed by, either separately or
as a member of a group of corporations, pursuant to applicable Legal Requirements; (ii) all such Tax Returns were correct and complete
in all material respects; (iii) the Corporation has delivered or made available to Buyer copies of all such Tax Returns relating
to income Taxes filed and (iv) the Corporation has paid all Taxes that have or may have become due (whether or not shown on any
Tax Returns or pursuant to any assessment received by the Corporation or otherwise).

 

(b)       No
United States federal and state income Tax Returns of the Corporation have been audited by the IRS or relevant state tax authorities
or are closed by the applicable statute of limitations. The Corporation has not given or been requested to give waivers or extensions
(or is or would be subject to a waiver or extension given by any other Person) of any statute of limitations relating to the payment
of Taxes of the Corporation or for which the Corporation may be liable.

 

(c)       The
charges, accruals, and reserves with respect to Taxes on the respective books of the Corporation are adequate (determined in accordance
with GAAP) and are at least equal to the relevant company’s Liability for Taxes with respect to all periods ending on or
prior to the date hereof. There exists no proposed Tax assessment against the Corporation. All Taxes that the Corporation is required
by Legal Requirements to withhold or collect have been duly withheld or collected and, to the extent required, have been paid to
the proper Governmental Body or other Person.

 

(d)       There
is no Tax sharing or similar agreement that will require any payment by the Corporation to any other Person after the date of this
Agreement.

 

4.7       Employees.
The Corporation has no, and has not at any time had, any employees. Amir Heshmatpour is the sole officer and director of the Corporation.

 

4.8       Legal
Proceedings; Orders.

 

(a)       There
are no Proceedings pending or, to Corporation’s Knowledge, threatened against the Corporation, in each case, including, without
limitation, that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement. No
event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Proceeding.

 

    	 	11	 

     

    

 

(b)       There
is no Order to which the Corporation is subject or to which the Corporation has been subject at any time; and no officer, director,
or agent, the Corporation is subject to any Order that prohibits such officer, director, or agent from engaging in or continuing
any conduct, activity, or practice relating to business activities of the Corporation.

 

(c)       The
Corporation has not received, at any time, any written notice from any Governmental Body or any other Person regarding any actual,
alleged, possible, or potential material violation of, or material failure to comply with, any term or requirement of any Order
to which the Corporation is or has been subject.

 

4.9       Compliance
With Legal Requirements; Governmental Authorizations.

 

		(a)	(i)       Corporation and each of its Affiliates is, and at all times has been, in compliance in
all material respects with each Legal Requirement that is or was applicable to it or to the conduct or operation of its business
or the ownership or use of any of its assets;

 

(ii)       neither
Corporation nor any of its Affiliates has received, at any time, any notice or other communication (whether oral or written) from
any Governmental Body or any other Person regarding any actual, alleged, possible, or potential material violation of, or material
failure to comply with, any Legal Requirement.

 

(b)       Corporation
has all Governmental Authorization necessary to conduct the business of the Corporation as currently conducted. Each such Governmental
Authorization is valid and in full force and effect. The Corporation is, and at all times has been, in compliance in all material
respects with all of the terms and requirements of each Governmental Authorization that is held by the Corporation and necessary
to conduct its business as currently conducted. The Corporation has not received at any time any notice or other communication
(whether oral or written) from any Governmental Body or any other Person regarding (i) any actual, alleged, possible, or potential
material violation of or material failure to comply with any term or requirement of any Governmental Authorization, or (ii) any
actual, proposed, possible, or potential revocation, withdrawal, suspension, cancellation, termination of, or modification to any
Governmental Authorization, in each case as may adversely affect its ability to operate its business following Closing. The Governmental
Authorizations currently held by the Corporation constitute all of the Governmental Authorizations necessary to permit the Corporation
to lawfully conduct and operate its business in the manner it is currently conducted and operated and to permit the Corporation
to own and use its assets in the manner in which it currently owns and uses its assets.

 

4.10       Absence
of Certain Changes and Events. Since the date of the Corporation Balance Sheet, the Corporation has conducted its business
only in the Ordinary Course of Business and there has not been any:

 

(a)       change
in the Corporation’s authorized or issued capital stock or other equity securities; grant of any stock option or right to
purchase shares of capital stock or other equity securities of the Corporation; issuance of any security convertible into such
capital stock or other equity securities; grant of any registration rights; purchase, redemption, retirement, or other acquisition
by the Corporation of any shares of any such capital stock or other equity securities; or, declaration or payment of any dividend
or other distribution or payment in respect of shares of capital stock or other equity securities;

 

    	 	12	 

     

    

 

(b)       amendment
to the Organizational Documents of the Corporation;

 

(c)       sale,
lease, or other disposition of any asset or property of the Corporation or mortgage, pledge, or imposition of any Lien on any material
asset or property of the Corporation;

 

(d)       cancellation
or waiver of any claims or rights of the Corporation;

 

(e)       material
change in the accounting methods used by the Corporation; or

 

(f)       agreement,
whether oral or written, by the Corporation to do any of the foregoing.

 

4.11       Contracts;
No Operations

 

(a)       Corporation
is not a party to and its assets are not bound by any Contract.

 

(b)       Corporation
does not conduct any business operations or own any assets and at no time has the Corporation conducted any operations or owned
any assets.

 

4.12       Insurance.
There are no insurance policies to which the Corporation is a party or that provides coverage to the Corporation or any director
or officer of the Corporation.

 

4.13       Intellectual
Property. The Corporation owns no Registered Intellectual Property, and otherwise owns, or has a valid and subsisting license
or right to use, all Intellectual Property used in, and material to, its business as currently conducted.

 

4.14       Brokers
or Finders. None of the Corporation, its Affiliates, or any of their respective Representatives have incurred any Liability,
contingent or otherwise, for brokerage or finders’ fees or agents’ commissions or other similar payment in connection
with this Agreement or the Transactions.

 

4.15       Interested
Transactions. None of the Corporation’s directors, officers, and stockholders or any other Affiliate has been involved
in any material business arrangement or relationship with the Corporation within the past twelve (12) months (other than in their
capacity as a director or officer of the Corporation), and none of the Corporation’s directors, officers, stockholders or
any other Affiliate owns any material asset, tangible or intangible, that is used in the business of the Corporation.

 

    	 	13	 

     

    

 

ARTICLE
V

REPRESENTATIONS AND WARRANTIES OF BUYER

 

Buyer hereby
represents and warrants to Seller as follows:

 

5.1       Organization
of Buyer; Good Standing. Buyer has been duly formed and is validly existing and in good standing under the
laws of the jurisdiction of its incorporation.

 

5.2       Authority.
Buyer has all requisite power and authority to execute and deliver this Agreement and to carry out the provisions of this Agreement.
All action on the part of Buyer necessary for the authorization, execution and delivery of this Agreement by Buyer, and the performance
of all obligations of Buyer hereunder has been taken. This Agreement has been duly and validly executed and delivered by Buyer
and, assuming this Agreement has been duly authorized, executed and delivered by the other parties hereto, constitutes a valid
and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms (except as may be limited by bankruptcy,
insolvency, fraudulent transfer, moratorium, reorganization or similar Legal Requirements of general applicability relating to
or affecting the rights of creditors generally and subject to Bankruptcy and Equity Exception.

 

5.3       No
Conflicts. The execution, delivery and performance by the Buyer of this Agreement and the other transaction documents to
which the Buyer is a party and the consummation of the transactions contemplated by this Agreement (with or without the giving
of notice, lapse of time or both): (a) will not conflict with any provision of the Buyer’s Organizational Documents; (b)
will not conflict with, violate, result in a breach of, or constitute a default under, any Legal Requirement; and (c) do not require
the Consent (i) of any Governmental Body or any other Person under applicable Legal Requirement or (ii) under any Contract.

 

5.4       Legal
Proceedings. There are no Proceedings pending or, to Buyer’s knowledge, threatened against or by Buyer, that challenges
or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances
exist that may give rise to, or serve as a basis for, any such Proceeding.

 

5.5       Brokers
or Finders. Neither Buyer nor any of its Representatives have incurred any Liability, contingent or otherwise, for brokerage
or finders’ fees or agents’ commissions or other similar payment in connection with this Agreement or the Transactions.

 

5.6       Investment
Intent. Buyer is acquiring the Acquired Shares for its own account and not with a view to their distribution within the
meaning of Section 2(11) of the Securities Act. Buyer acknowledges that the Acquired Shares are restricted securities within the
meaning of Rule 144 under the Securities Act and may not be transferred except in compliance with the Securities Act and any other
applicable securities or “blue sky” laws.

 

    	 	14	 

     

    

 

ARTICLE
VI

FURTHER AGREEMENTS OF THE PARTIES

 

6.1       Cooperation.

 

(a)       Following
the Closing, each of the parties will take such further actions (including the execution and delivery of such further instruments
and documents) as any other Party may reasonably request in order to carry out the purposes of this Agreement, including vesting
title in the Acquired Shares, free and clear of all Liens, to Buyer. Without limiting the foregoing, Seller shall, at Buyer’s
expense, fully cooperate with Buyer, Corporation and the SEC to (a) prepare and file with the SEC of the Delinquent SEC Reports,
(b) take all further actions required by the SEC in respect of the Delinquent SEC Reports, (c) take all actions as shall be necessary
to prepare and file all other SEC Reports to the extent that they relate to the period prior to the Closing and (d) cause such
Delinquent SEC Reports and such other SEC Reports to comply in all material respects with the requirements of the Securities Act,
the Exchange Act, and the rules thereunder, as applicable, and, when filed, to not contain any untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading.

 

(b)       The
Corporation shall be responsible for the payment of all fees, costs and expenses, other than any penalties, incurred by the Buyer
or the Corporation in connection with the preparation and filing of the Delinquent Reports.

 

6.2       Confidentiality.
Subject to the requirements of applicable law, neither the Seller nor the Corporation on the one hand, nor the Buyer on the other
hand shall, without the prior written consent of the other, disclose to any third-party (i) the terms of this Agreement or (ii)
any non-public information disclosed in connection with the negotiation, preparation or performance of this Agreement, except in
either case to such party’s affiliates and its and its affiliates’ employees, directors, officers, shareholders, managers,
partners, advisors and other representatives who have a need to know such non-public information.

 

ARTICLE
VII

INDEMNIFICATION; REMEDIES

 

7.1       Survival.
Each of the representations and warranties of the Seller, the Corporation and the Buyer contained in this Agreement shall survive
the Closing and continue in full force and effect for a period ending ninety (90) days following the expiration of the applicable
statute of limitations. All covenants, obligations, agreements or undertakings of the parties hereto set forth in this Agreement
shall survive until fully performed and shall terminate and expire in accordance with their respective terms, except, in all cases,
with respect to any Loss, claim or breach of which any Seller Indemnified Parties or Buyer Indemnified Parties shall have provided
written notice in accordance with this Article VII, on or prior to the date that the applicable survival period ends, which shall
survive until resolution thereof in accordance with this Article VII.

 

7.2       Indemnification
and Payment of Damages by Seller. Seller shall indemnify and hold harmless Buyer and its Affiliates and its and their respective
Representatives, stockholders, controlling persons (collectively, the “Buyer Indemnified Parties”) for
the amount of any loss, Liability, claim, damage, expense (including reasonable costs of investigation and defense and reasonable
attorneys’ fees) (collectively, “Damages”), arising from (a) any breach of any representation or
warranty of Seller in Article III of this Agreement (without regard to and without giving effect to any materiality or similar
qualifiers contained herein), (b) any breach of any representation or warranty of the Corporation in Article IV of this Agreement
(without regard to and without giving effect to any materiality or similar qualifiers contained herein); (c) any breach of any
covenant or obligation of Seller or Corporation in this Agreement; and (d) any Delinquent SEC Reports.

 

    	 	15	 

     

    

 

7.3       Indemnification
and Payment of Damages By Buyer. The Buyer will indemnify and hold harmless Seller and Affiliates and its and their respective
Representatives, stockholders and controlling persons (collectively, the “Seller Indemnified Parties”)
for any Damages arising, directly or indirectly, from or in connection with (a) any breach of any representation or warranty made
by Buyer in this Agreement (without regard to and without giving effect to any materiality or similar qualifiers contained herein),
and (b) any breach by Buyer of any covenant or obligation of Buyer in this Agreement.

 

7.4       Additional
Limitations. The rights of the Seller Indemnified Parties and Buyer Indemnified Parties to be indemnified under this Article
VII shall be subject to the following limitations:

 

(a)       No
party shall be entitled to recover Damages (i) for punitive, exemplary or special damages of any nature, (ii) for indirect or consequential
damages, including damages for lost profit, lost business opportunity or damage to business reputation, or (iii) relating to or
arising out of any act or omission of the indemnified party after the date of Closing.

 

(b)       In
no event may a party recover any Damages under one section of this Agreement to the extent Damages with respect to the same matter
have been previously recovered under any other section of this Agreement.

 

7.5       Exclusive
Remedies. The remedies set forth in this Article VII shall be the exclusive remedies of the parties for any breach of this
Agreement.

 

7.6       Characterization
of Payments. Any payment made to Buyer Indemnified Parties or a Seller Indemnified Parties pursuant to this Article VII
shall be treated as an adjustment of the Purchase Price for all purposes, including Tax purposes, to the maximum extent permitted
by applicable Legal Requirements.

 

7.7       Procedure
for Indemnification – Third Party Claims.

 

(a)       Promptly
after receipt by an indemnified party under Section 7.2 or 7.3 (any such indemnified party, a “Claimant”)
of notice of the commencement by a third party of any Proceeding against it (a “Third Party Claim”),
such Claimant will, if a claim is to be made against an indemnifying party under such Section, promptly give notice to the indemnifying
party (the “Indemnifying Party”) of the commencement of such Proceeding (a “Third Party Claim
Notice”).

 

    	 	16	 

     

    

 

(b)       If
any Third Party Claim is brought against a party and such party gives Third Party Claim Notice to the Indemnifying Party of the
commencement of the Proceeding forming the basis of the Third Party Claim, the Indemnifying Party shall have the right at its own
expense (if any only if, the Indemnifying Party shall have confirmed in writing that it is fully obligated to the extent provided
in this Agreement to indemnify the Claimant with respect to such Third Party Claim, and the Third Party Claim does not arise in
connection with any criminal proceeding, action, indictment, allegation or investigation) to assume control of the defense of such
Third Party Claim, and the Claimant shall reasonably cooperate with the indemnifying party with respect to the defense of such
Third Party Claim; provided, however, that the Claimant shall be entitled to participate in any such defense with separate
counsel at the expense of the Claimant if in the reasonable opinion of counsel to the indemnified parties a conflict or potential
conflict exists between the indemnified parties and the indemnifying party that would make such separate representation advisable.
If the Indemnifying Party declines or fails to assume the defense of the Third Party Claim on the terms provided above within thirty
(30) days or, upon petition by the Claimant, the appropriate court rules that the Indemnifying Party failed or is failing to vigorously
prosecute or defend such Third Party Claim in good faith, then the Claimant may employ counsel (plus one local counsel in any jurisdiction
in any single Third Party Claim if the Claimant determines in its reasonable discretion such local counsel is necessary) to represent
or defend it in any such Third Party Claim and the Indemnifying Party will pay the reasonable fees and disbursements of such counsel
as incurred; provided, however, that the Indemnifying Party will not be required to pay the fees and expenses of more than
one counsel (plus one local counsel in any jurisdiction in any single claim if the Claimant determines in its reasonable discretion
such local counsel is necessary) for all Claimants in any jurisdiction in any single Third Party Claim. If the Indemnifying Party
elects to assume control of the defense of any Third Party Claim and diligently pursues its resolution, then (i) the Claimant shall
not settle or compromise the Third Party Claim, and (ii) the Indemnifying Party shall have the power and authority to settle, compromise
or consent to the entry of judgment in respect of the Third Party Claim without the consent of the Claimant if the judgment or
settlement results only in the payment by the Indemnifying Party of money damages (and the Indemnifying Party pays such amount
in full, subject to limitations set forth in this Article VII) and includes an unconditional release of the Claimant from any and
all Liability thereunder, and, in all other events, the Indemnifying Party shall not consent to the entry of judgment or enter
into any settlement in respect of a Third Party Claim without the prior written consent of the Claimant, which consent shall not
be unreasonably withheld, conditioned or delayed. If the Indemnifying Party does not elect to assume control or otherwise participate
in the defense of any Third Party Claim, then the Claimant may defend through counsel of its own choosing and in such manner as
it reasonably deems appropriate, but the Claimant may only settle such Third Party Claim with the consent of the Indemnifying Party,
which consent shall not be unreasonably withheld, conditioned or delayed; provided, that the failure of the Claimant to obtain
such consent shall not relieve the Indemnifying Party of any of its obligations hereunder except to the extent that such Indemnifying
Party is prejudiced by such failure. In any Third Party Claim with respect to which indemnification is being sought hereunder and
in which the Claimant has assumed the defense of such Third Party Claim, the Indemnifying Party shall have the right to participate
in such matter and to retain its own counsel at such Indemnifying Party’s own expense. The Indemnifying Party or the Claimant,
as the case may be, shall at all times use its reasonable efforts to keep the Indemnifying Party or the Claimant, as the case may
be, reasonably apprised of the status of any matter the defense of which they are maintaining and to cooperate in good faith with
each other with respect to the defense of any such matter. The Claimant shall make available to the Indemnifying Party or its Representatives
all records and other materials in the Claimant’s possession or control reasonably required by them for their use in contesting
or defending any Third Party Claim.

 

    	 	17	 

     

    

 

7.8       Procedure
for Indemnification – Other Claims.  A claim for indemnification for any matter not involving a Third Party Claim
may be asserted by notice to the party from whom indemnification is sought.

 

ARTICLE
VIII

GENERAL PROVISIONS

 

8.1       Expenses.
Except as otherwise expressly provided in this Agreement, each party to this Agreement will bear its respective expenses incurred
in connection with the preparation, negotiation and execution of, and performance of its obligations under, this Agreement, including
all fees and expenses of its Representatives.

 

8.2       Public
Announcements.  Any public announcement or similar publicity with respect to this Agreement or the Transaction will be
made, if at all, at such time and in such manner as Buyer and Seller mutually agree, unless otherwise required by applicable Legal
Requirements.

 

8.3       Notices.
All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim,
or other communication hereunder shall be deemed duly given (i) when delivered personally to the recipient, (ii) one (1) Business
Day after being sent to the recipient by reputable overnight courier service (charges prepaid), (iii) one (1) Business Day after
being sent to the recipient by facsimile transmission or electronic mail, or (iv) four (4) Business Days after being mailed to
the recipient by certified or registered mail, return receipt requested and postage prepaid, and addressed to the intended recipient
as set forth below:

 

 

If to the Corporation prior to Closing:

 

AFH Acquisition IX, Inc.

c/o AFH Holding & Advisory LLC

c/o CKR Law LLP

1330 Avenue of the Americas, 14th Floor

New York, New York 10019

Attn: Jeffrey A. Rinde, Esq. and Amir Heshmatpour

Tel: +1-310-721-4391

Email: amirhesh@me.com

 

With a copy to:

 

CKR LAW LLP

1330 Avenue of the Americas, 14th Floor

New York, New York 10019

Attn: Jeffery A. Rinde, Esq.

Tel: 212-259-7300

Email: jrinde@ckrlaw.com

 

    	 	18	 

     

    

 

If to Seller:

 

AFH Holding & Advisory LLC

c/o CKR Law LLP

1330 Avenue of the Americas, 14th Floor

New York, New York 10019

Attn: Jeffrey A. Rinde, Esq. and Amir Heshmatpour

Tel: +1-310-721-4391

Email: amirhesh@me.com

 

If to Buyer:

 

Enrochem UK, LTD.

c/o Enrochem PTE Ltd.

03-04

#UE Bizhub Central, 12 Ang Mo Kio, St. 64

Singapore 347773

Attn: Mr. Sam Kiani

Tel: +5-8119-8811

Email: kiani@enrochem.com

 

with a copy to:

 

Eversheds Sutherland (US) LLP

700 Sixth St. NW

Washington, DC 20001

Attention: William S. Dudzinsky, Esq.

Tel: (202) 383-0106

Email: williamdudzinsky@eversheds-sutherland.us

 

8.4       Governing
Law; Jurisdiction; Service of Process. This Agreement shall be governed by and construed in accordance with the domestic
laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of
Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware.
The courts of the State of Delaware in New Castle County and the United States District Court for the District of Delaware shall
have jurisdiction over the Parties with respect to any dispute or controversy between them arising under or in connection with
this Agreement and, by execution and delivery of this Agreement, each of the Parties submits to the jurisdiction of those courts,
including, but not limited to, the in personam and subject matter jurisdiction of those courts, waives any objection to
such jurisdiction on the grounds of venue or forum non conveniens, the absence of in personam or subject matter jurisdiction
and any similar grounds, consents to service of process by mail (in accordance with this Section 8.4) or any other manner permitted
by law, and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Agreement. These consents to
jurisdiction shall not be deemed to confer rights on any Person other than the parties to this Agreement.

 

    	 	19	 

     

    

 

8.5       Waiver.
Neither the failure nor any delay by any party in exercising any right, power, or privilege under this Agreement or the documents
referred to in this Agreement will operate as a waiver of such right, power, or privilege, and no single or partial exercise of
any such right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise
of any other right, power, or privilege. To the maximum extent permitted by applicable law, (a) no claim or right arising
out of this Agreement or the documents referred to in this Agreement can be discharged by one party, in whole or in part, by a
waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no waiver that may be given
by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one
party will be deemed to be a waiver of any obligation of such party or of the right of the party giving such notice or demand to
take further action without notice or demand as provided in this Agreement or the documents referred to in this Agreement.

 

8.6       Entire
Agreement and Modification. This Agreement supersedes all prior agreements between the parties with respect to its subject
matter, which shall, except as expressly contemplated by this Agreement, remain in full force and effect) and constitutes (along
with the documents referred to in this Agreement) a complete and exclusive statement of the terms of the agreement between the
parties with respect to its subject matter. This Agreement may not be amended except by a written agreement executed by the party
to be charged with the amendment.

 

8.7       Disclosure
Letters. [Intentionally Omitted.]

 

8.8       Assignments,
Successors, and No Third-Party Rights. Neither party may assign any of its rights or obligation under this Agreement without
the prior consent of the other parties. Notwithstanding the foregoing, Buyer may assign its rights and obligations under this Agreement
to an Affiliate without the consent of Seller or the Corporation. Subject to the preceding sentence, this Agreement will apply
to, be binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the parties. Nothing expressed
or referred to in this Agreement will be construed to give any Person other than the parties to this Agreement any legal or equitable
right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its
provisions and conditions are for the sole and exclusive benefit of the parties to this Agreement and their successors and assigns.

 

8.9       Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions
of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part
or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

8.10       Section
Headings; Construction. The headings of Sections in this Agreement are provided for convenience only and will not affect
its construction or interpretation. All references to “Section” or “Sections” refer to the corresponding
Section or Sections of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the
circumstances require. Unless otherwise expressly provided, the word “including” does not limit the preceding words
or terms.

 

    	 	20	 

     

    

 

8.11       Counterparts.
This Agreement may be executed in any number of counterparts, which together shall constitute one and the same instrument. Delivery
of a signature page hereto by facsimile transmission or other method of electronic transmission shall be as effective as delivery
of a manually executed counterpart hereof.

 

 

[Signature pages follow]

 

    	 	21	 

     

    

 

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

 

	 	CORPORATION:
	 	 	 	 
	 	AFH ACQUISITION IX, INC.
	 	 	 	 
	 	 	 	 
	 	By:	           	 
	 	Name:	    	 
	 	Title:	    	 

 

	 	SELLER:
	 	 	 	 
	 	AFH HOLDING & ADVISORY LLC
	 	 	 	 
	 	 	 	 
	 	By:	            	 
	 	Name:	    	 
	 	Title:	    	 

 

    	 

     

    

 

	 	BUYER:
	 	 	 	 
	 	ENROCHEM
UK, LTD.
	 	 	 	 
	 	 	 	 
	 	By:	            	 
	 	Name:	    	 
	 	Title:	    	 

 

    	 

     

    

 

ANNEX 1

 

Wire InstructionsExhibit 10.2

 

ENROCHEM LIMITED

c/o Enrochem PTE Ltd.

03-04

#UE Bizhub Central

12 Ang Mo Kio, St. 64

Singapore 34773

 

September 6, 2017

 

 

AFH Holding & Advisory LLC

c/o CKR Law LLP

1330 Avenue of the Americas, 14th Floor

New York, New York 10019

Attn: Jeffrey A. Rinde, Esq. and Amir Heshmatpour

Tel: +1-310-721-4391

Email: amirhesh@me.com

 

This letter agreement
(“Letter Agreement”) is made and entered into as of September 6, 2017, by and among by and among Enrochem
Limited, an English limited company (“Buyer”), AFH Acquisition IX, Inc., a Delaware corporation (the
“Corporation”), and AFH Holding & Advisory LLC, a Delaware limited liability company (“Seller”)
and amends that certain Stock Purchase Agreement, dated August 30, 2017, by and among Buyer, Corporation and Seller. Capitalized
terms used but not defined herein shall have the meanings given such terms in the Stock Purchase Agreement.

 

The Buyer, Corporation
and Seller entered into that certain Stock Purchase Agreement, dated August 30, 2017 (the “Purchase Agreement”),
pursuant to which Buyer purchased from Seller all of the outstanding capital stock of Corporation.

 

Buyer was inadvertently
misidentified as “Enrochem (UK), Ltd.” in the Purchase Agreement, and the parties hereto desire to amend the Purchase
Agreement to replace all references with to “Enrochem (UK), Ltd.” with “Enrochem Limited”.

 

NOW, THEREFORE, in
consideration of the mutual and several promises and undertakings herein contained, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

 

		1.	Amendment to Purchase Agreement.
The Purchase Agreement is hereby amended by deleting all references to “Enrochem (UK), Ltd.” and replacing each such
reference with “Enrochem Limited”. The parties agree and acknowledge that Enrochem (UK), Ltd. was inadvertently misidentified
as the Buyer in the Purchase Agreement and that it was intended that Enrochem Limited would be the Buyer under the Purchase Agreement
for all purposes.

 

		2.	Effect of Amendment. This Amendment is supplementary
to and modifies the Purchase Agreement. In the event of any conflict between the terms of this Amendment and the Purchase Agreement,
the terms of this Amendment shall govern. Except as amended hereby, the Agreement shall remain in full force and effect and is
hereby ratified and confirmed in all respects.

 

    	 	1	 

     

    

 

		3.	Miscellaneous. This
Amendment may be executed in any number of counterparts, and each such counterpart shall be deemed to be an original instrument,
but all such counterparts together shall constitute but one agreement. This Amendment shall become effective when one or more
counterparts have been signed by each of the parties hereto and delivered to the other party, it being understood that the parties
need not execute the same counterpart. Facsimile signatures or signatures received as a portable document format (PDF) attachment
to electronic mail shall be treated as original signatures for all purposes hereunder.

 

(Remainder of page intentionally
left blank)

 

 

 

 

 

 

    	 	2	 

     

    

 

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

 

	 	CORPORATION:
	 	 	 	 
	 	AFH ACQUISITION IX, INC.
	 	 	 	 
	 	 	 	 
	 	By:	    	 
	 	Name:	    	 
	 	Title:	    	 

 

    	 	3	 

     

    

 

	 	SELLER:
	 	 	 	 
	 	AFH HOLDING & ADVISORY LLC
	 	 	 	 
	 	 	 	 
	 	By:	    	 
	 	Name:	    	 
	 	Title:	    	 

 

    	 	4	 

     

    

 

	 	BUYER:
	 	 	 	 
	 	ENROCHEM
LIMITED
	 	 	 	 
	 	 	 	 
	 	By:	    	 
	 	Name:	    	 
	 	Title:	    	 

 

    	 	5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]