Document:

EXHIBIT 10.59

 

Sales Contract

No: SZNCL2013070405A

 

Buyer: China Motion Telecom (HK)
Limited

             Suites
1105-06, 11th floor, Chinachem Golden Plaza, 77 Mody Road, Tsimshatsui East, Kowloon, Hong Kong and

             New
Host International Co., Limited

             Room 804, Sino Centre, 582-591 Nathan Road, Kowloon, Hong Kong

 

Seller: NICEUC COMMUNICATION CO., LIMITED

             Room
1401, Yuquan Road, Nanshan District, Shenzhen, Guangdong province, China

 

This Sales Contract is made by and between
the Seller and the Buyer whereby the Seller agrees to sell and the Buyer agrees to buy the mentioned devices according to Appendix
A and Appendix B.

 

1. List of devices: Appendix
A and Appendix B of this contract.

 

2. Total Amount:

             USD
256,314.00 only (USD TWO HUNDRED FIFTY-SIX THOUSAND THREE HUNDRED FOURTEEN DOLLARS ONLY)

 

3. Time of Shipment: Three
working days after Buyer delivers notice to proceed to Seller.

 

4. Term of Shipment: by Express.

 

5. Shipment Address: Suites
1105-06, 11th floor, Chinachem Golden Plaza, 77 Mody Road, Tsimshatsui East, Kowloon, Hong Kong

 

6. Payment Terms:

6-1) All the involved amount is in USD dollars.

6-2) The Freight is on the Seller's account.

6-3) The Buyer should pay for the 60% of the
amount USD 180,226.8 (USD ONE HUNDRED EIGHTY THOUSAND TWO HUNDRED TWENTY-SIX AND EIGHTY CENTS ONLY) within one month after received
and installed the devices. Installation shall be performed by Seller at Seller’s cost.

6-4) The rest 40% of the amount USD 120,151.2
(USD ONE HUNDRED TWENTY THOUSAND ONE HUNDRED FIFTY-ONE AND TWENTY CENTS ONLY) should be paid by the Buyer after the check and approval
of the devices or within three months, whichever is greater.

 

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6-5) All the payment that paid by the Buyer
should enter into the following Account:

	Bank Name:         	HSBC Hong Kong
	Bank Address:       	1 Queen's Road Central, Hong Kong
	Bank Code:        	004
	SWIFT Address:       	HSBCHKHHHKH
	Account Number:     	561 825076 838
	Account Name	NICEUC COMMUNICATION CO.,LIMITED

 

7. Technical support: provided
by the Seller via phone or the internet or on-site support.

 

8. Services after sales:

8-1) Warranty: one year;
the Seller provides the devices and the software listed in Appendix A and B with a warranty of one year after the check and approval
of the system. If there is any loss to the Buyer caused by the products provided by the Seller don't meet the above warranty, the
Buyer shall have the right to return of the goods or request a replacement If damage to the devices is caused by human factors
(such as improperly using, plugging when power on, etc.) or by the Force majeure, will not be within the scope of this warranty.
By the mutual agreement, the Seller will carefully consider the situation and ask the Buyer to pay the reasonable cost.

8-2) After the warranty
expires, the Seller will provide a payable and lifelong maintenance; the annual cost of maintenance is the 8% of the amount of
this contract, which payment for the first year after warranty is included in the itemized contract price shown in Appendix A and
B.

8-3) During the warranty
period: the Seller shall provide the Buyer with spare parts to be stored in the equipment room of the Buyer. The quantity of spare
parts at Buyer’s equipment room shall be sufficient for system maintenance during the warranty period and any extended maintenance
period. When there is damage, the damaged part shall be replaced by the spare part, then Buyer shall ship the damaged part to the
Seller to repair or replace.

8-4) The maintenance for
the software during the warranty period: 7*24 remote technical support by phone or internet. Where in person maintenance is required,
the Seller shall arrive at Buyer’s site within 24 hours after notice from the Buyer. If additional functional modules are
required based on the original system, Buyer and Seller shall mutually determine the workload of development, then discuss further.

 

9. Liability for Breach:

9-1) If the Seller is unable
to provide the devices/software covered by this contract in the agreed the schedule because of its own factors (excluding increased
requirements from the Buyer, or delay of the project cause by impact from a third party not in Seller’s control), the Buyer
have the right to seek liability for Breach. For delay of each day, the penalty is at 0.1% of the total amount of the contract,
the total penalty should not exceed over 100% of the product. If the late delivery is over two week, the Buyer shall hold the right
to terminate the contract. If the Buyer fails to pay the contract price on schedule due to its own actions, the penalty is at 0.1%
of the total amount of the contract, the total penalty should not exceed over 100% of the product.

 

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10. Force Majeure:

Where performance of either
party under this contract is hindered by or is absolutely impossible on account of Force Majeure, including earthquakes, typhoon,
flood , fires, war and other unexpected, irresistible or unavoidable forces in respect of their consequence or results, the party
in contingency shall inform the other party of such contingency immediately, in which case the liabilities shall be exempted in
part or wholly in light of the effects of Force Majeure. If the said Force Majeure lasts for 90 days, either of the parties shall
have the right to terminate the contract without incurring any liability.

 

11. Remark:

11-1) In the event of any
dispute caused by this contract, the parties shall attempt in the first distance to resolve through friendly consultations. If
they cannot reach an agreement, then both parties should submit the dispute arbitration to the Hong Kong Arbitration Center for
arbitration in accordance with its arbitration rules in force at the time of application for arbitration. The arbitration shall
proceed in Hong Kong and conducted in English before a single arbitrator. The arbitral award is final and binding upon both Parties.
The arbitration fees shall be borne by the losing Party except otherwise awarded by the arbitration commission.

11-2) This contract is in
duplicates respectively in Chinese and English with equal legal binding effect, in case of discrepancy, the English version shall
prevail. This contract may be executed in one or more counterparts, including facsimile copies of signatures, each of which shall
be deemed to be an original and all of which, when taken together, shall be deemed to constitute one and the same agreement.

11-3) The Contract, including
without limitation its conclusion, validity, construction, performance and settlement of the disputes, shall be governed by the
law of Hong Kong Special Administrative Region of the People's
Republic of China, without giving effect to the principles of conflict of law.

 

SIGNATURES OF THE PARTIES APPEAR ON THE FOLLOWING
PAGE

 

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        For Buyer:

         

        China Motion Telecom (HK) Limited

         

         

         

        /s/ Jim Yang

        (authorized signature and company chop)

         

        Print Name: Jim Yang
	
        For Seller:

         

        NICEUC COMMUNICATION CO.,LIMITED

         

         

         

        /s/ Young Peng

        (authorized signature and company chop)

         

        Print Name: Young Peng

	
         

        New Host International Co., Limited

         

         

         

        /s/ Derrick Lin

        (authorized signature and company chop)

         

        Print Name: Derrick Lin

         
	 

 

Date: ___________________

 

 

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Appendix A                     Contract
Number: SZNCL2013070405A

	I	AFP System
	No	Item	Quantity	Unit price (USD)	Amount (USD)
	1	AFPSystem	1.00 	$82,302.00 	$82,302.00 
	2	 NC-AD300D MAP	1.00 	$19,704.75 	$19,704.75 
	Subtotal 	$102,006.75 
	 
	II	RGP System
	No	Item	Quantity	Unit price (USD)	Amount (USD)
	1	RGP System	1.00 	$56,502.00 	$56,502.00 
	2	 NC-AD300D MAP	1.00 	$19,704.75 	$19,704.75 
	Subtotal	$76,206.75 
	 
	III	Ring-back platform
	No	Item	Quantity	Unit price (USD)	Amount (USD)
	1	Software for Ring-back platform	1.00 	$0.00 	$0.00 
	2	Interface module of WEB database	1.00 	$5,160.00 	$5,160.00 
	3	 NC-AD300D	2.00 	$9,191.25 	$18,382.50 
	Subtotal	23,542.50 
	 
	IV	Upgrade of MAP signaling monitoring system
	No	Item	Quantity	Unit price (USD)	Amount (USD)
	1	Upgrade of MAP signaling monitoring system	1.00 	$12,255.00 	$12,255.00 
	Subtotal 	$12,255.00 
	 
	V	SM-Res System 
	No	Item	Quantity	Unit price (USD)	Amount (USD)
	1 	Business processing software of Routing Info For SM-Res	1.00 	$3,612.00 	$3,612.00 
	2	 NC-AD300D MAP	1.00 	$19,704.00	$19,704.00 
	Subtotal 	$23,316.00 
	Sum	$237,327.75  
	 
	VI 	Per year cost for maintenance (after expiration of one year warranty)
	No	Item	Quantity	Unit price (USD)	Amount (USD)
	1	One year's cost for maintenance	1 	$18986.25	$18986.25
	Total	$256,314.00 
	 	 	 	 	 	 

 

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Appendix B                     Contract
Number: SZNCL2013070405A

	I	MAP Message Convert for Singapore StarHub Project
	No	Item	Quantity	Unit price (USD)	Amount (USD)
	1	NC-AD300D 	2.00 	$15,032.00 	$30,064.00 
	 	MAP Message Covert Software	1	$14,000.00	$14,000.00
	Subtotal 	$44,064.00 
	Total	$44,064.00 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	6EXHIBIT 10.60

 

STOCK PURCHASE
AGREEMENT

THIS STOCK PURCHASE AGREEMENT (“Agreement”)
is made as of the 30th day of September, 2013 (“Effective Date”) by and between (1) Gulfstream Capital Partners
Limited (“Gulfstream”), a corporation organized under the laws of Seychelles and a wholly owned subsidiary of
VelaTel Global Communications, Inc. (“VelaTel” or together with Gulfstream “Seller”) and
(2) Aerial Investments, LLC, a limited liability company organized under the laws of the United States (Delaware) (“Purchaser”)
for the purchase and sale of 75 out of 100 shares outstanding of the capital stock (“Zapna Stock”) of Zapna,
ApS, a corporation organized under the laws of Denmark (“Company”). Seller and Purchaser are each sometimes
referred to individually in this Agreement as a “Party” and together as “Parties.”

RECITALS

A.     VelaTel is the owner of
75 shares of Zapna Stock. Ahmad Holdings and/or Omair Khan (collectively and as their interests appear “Minority Owner”)
is the owner of the remaining 25 shares of Zapna Stock.

B.     The Company offers solutions
for telephony operators and subscribers (and adaptable to wireless broadband operators and subscribers) including mobile application
IP rights, prepaid and postpaid billing platforms, front end portals, administration modules, roaming, SMS and voice termination
services, and products to deliver such services.

C.     Seller desires to sell its
interest in the Zapna Stock. Pursuant to the stock purchase agreement between Seller and Minority Owner (“2012 SPA”),
Minority Owner has (1) a right of first refusal to acquire Seller’s Zapna Stock on the same terms as offered by Purchaser,
and (2) a tag along option to sell its Zapna Stock to Purchaser on the same terms as Seller.

D.     Purchaser is willing to acquire
either the 75 shares of Zapna Stock owned by Seller or all 100 shares of Zapna Stock owned by both Seller and Minority Owner.
Purchaser enters into this Agreement subject to the rights of Minority Owner.

NOW, THEREFORE, for good and valuable
consideration, the Parties to this Agreement agree as follows:

AGREEMENT

1.     Purchase and Sale of Zapna Stock.

The securities that are the subject of
this Agreement are shares of Zapna Stock.

1.1     Sale of Zapna Stock. Subject
to the terms and conditions of this Agreement, Seller shall sell and deliver to Purchaser at the Closing, and Purchaser shall purchase
from Seller 75 shares of Zapna Stock, which shall represent 75% of the total shares of Zapna Stock issued and outstanding as of
the Closing (“Purchased Shares”).

1.2     Purchase Price. The purchase
price (“Purchase Price”) for the Purchased Shares is US$75, which Purchaser shall deliver to Seller at Closing,
plus an assignment of Seller’s Rights against Minority Owner, as described in the following Section 1.3.

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1.3     Assignment of Additional Rights.
As additional consideration and part of the Purchase Price, Seller assigns to Purchaser at Closing, without warranty, all rights,
if any, Seller may have (1) against Minority Owner related to the Company, whether arising from breach of any representation or
warranty Minority Owner made in connection with the 2012 SPA, from Minority Owner’s Management of the Company since closing
of the 2012 SPA, and/or from conduct or circumstances described in Section 2.5, and/or (2) for financial benefits (or detriments)
applicable to Seller’s ownership of the Zapna Stock for the period commencing July 1, 2013 and through Closing of this Agreement.

1.4     Closing; Delivery. The
closing of this Agreement (“Closing”) shall take place on the earlier to occur of (1) expiration of Minority
Owner’s right of first refusal and tag along rights, which shall occur 30 days following delivery by Seller to Minority Owner
of a notice containing the terms of this Agreement, or (2) immediately following receipt by Seller from Minority Owner that Minority
Owner (a) declines to exercise either its right of first refusal, or (b) exercises or declines to exercise its tag along rights.
Immediately following the Closing, Seller shall cause the transfer and delivery of the Purchased Shares in the name of Purchaser.

1.5     Minority Owner’s Right of
First Refusal. Purchaser acknowledges and agrees to honor Minority Owner’s right of first refusal. If Minority Owner
delivers notice of its election to exercise its right of first refusal, (1) Seller shall pay the Purchase Price to Minority Owner,
Seller shall cause the transfer and deliver the Purchased Shares in the name of Minority Owner or as Minority Owner directs, and
(3) Seller shall waive any rights it otherwise assigns to Purchaser under Section 1.3 of this Agreement, and Seller shall instead
release Minority Owner from any and all claims related to the Company.

1.6     Minority Owner’s Tag-Along
Right. Purchaser acknowledges and agrees to honor Minority Owner’s tag along rights in lieu of Minority Owner’s
right of first refusal. If Minority Owner delivers notice of its election to exercise its tag along rights, including Purchaser’s
agreement to all of the terms of this Agreement, (1) Purchaser shall pay Minority Owner at Closing US$25, (2) Minority Owner shall
cause the transfer and delivery of all 25 shares of its Zapna Stock in the name of Purchaser, and (3) Purchaser shall waive its
assigned rights described under Section 1.3, and Purchaser shall instead release Minority Owner from any and all claims related
to the Company.

2.     Representations and Warranties
of Seller. Seller hereby represents and warrants to Purchaser that the following representations are true and complete as of
the date of the Agreement.

2.1     Organization and Qualification
of Seller. Seller is a corporation, and has all requisite power and authority to carry on his business as presently conducted
and as proposed to be conducted. Seller has full power and authority to enter into this Agreement.

2.2     Authorization. Subject to
the exercise or expiration of Minority Owner’s rights, all actions required to be taken by Seller in order to enter into
the Agreement, and all actions necessary for the execution and delivery of the Agreement, and to sell, transfer and deliver to
Purchaser the Purchased Shares, have been taken or will be taken prior to the Closing. The Agreement, when executed and delivered
by Seller, shall constitute a valid and legally binding obligation of Seller, enforceable against Seller in accordance with its
terms.

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2.3     Capitalization of the Company
and any Subsidiary.

(a)     The authorized Capital Stock of
the Company consists of 100 common shares, all of one class, of which 100 are outstanding.

(b)     To the best of Seller’s
knowledge, the Company has no Subsidiaries.

2.4     Ownership of Purchased Shares.
Seller is the lawful record beneficial owner of the Purchased Shares. Seller owns the Purchased Shares free and clear of all liens
and encumbrances. Upon delivery of the Purchased Shares to Purchaser in accordance with this Agreement, Purchaser will acquire
the beneficial and legal, valid and indefeasible title to such Purchased shares, free and clear of all liens and encumbrances
except for restrictions on transfer under state and federal securities laws and liens or encumbrances created by or imposed by
the Purchaser.

2.5     Disclaimer of Other Representations
Concerning the Company. Seller has provided Purchaser, without warranty, with all financial information in Seller’s possession
regarding the Company between closing of the 2012 SPA and June 30, 2013. Purchaser acknowledges that Minority Owner has refused
to cooperate with Seller to provide any financial information regarding the Company for any period of time commencing July 1, 2013.
Seller’s inability to accurately report the financial results of the Company on its consolidated financial statements for
the period of time commencing July 1, 2013 is the basis of Seller’s assignment to Purchaser of the financial benefits (or
detriments) described in Section 1.3. Seller has no direct evidence but has a reasonable suspicion that Minority Owner may have
transferred contractual rights and/or revenue belonging to the Company to other companies affiliated with Minority Owner, including
a purported subsidiary of the Company organized in Pakistan. Except as provided in Sections 2.3 and 2.4, Seller expressly disclaims
any representations or warranties regarding the past or future financial, legal or other status of the Company. Purchaser acknowledges
that this transaction is made “as is, where is,” and that the Purchase Price reflects the disclaimers contained in
this Section.

3.     Representations and Warranties
of the Purchaser. Purchaser hereby represents and warrants to Seller that:

3.1     Authorization. Purchaser
has full power and authority to enter into the Agreement. The Agreement, when executed and delivered by Purchaser, will constitute
valid and legally binding obligations of Purchaser, enforceable in accordance with their terms, except as limited by applicable
bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, and any other laws of general application affecting
enforcement of creditors’ rights generally, and as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies.

3.2     Disclosure of Information; Investment
Experience. Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs with Seller,
but not with the Company’s management. Purchaser represents that Purchaser is experienced in evaluating and investing in
transactions involving companies in a similar stage of development and acknowledges that Purchaser is able to fend for itself,
can bear the economic risk of Purchaser’s investment, and has such knowledge and experience in financial and business matters.

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4.     Mutual Representations of the
Parties. Each Party hereby represents to the other (Seller’s representations apply to each of Seller, the Company and
the Company’s Subsidiaries, as applicable; Purchaser’s representations apply to Purchaser and any affiliate of Purchaser,
as applicable):

4.1     Foreign Corrupt Practices Act.
To the best of the representing Party’s knowledge, neither the Party, nor any of their respective directors, officers or
employees have made, directly or indirectly, any payment or promise to pay, or gift or promise to give or authorized such a promise
or gift, of any money or anything of value, directly or indirectly, to: (i) any foreign official (as such term is defined in the
US Foreign Corrupt Practices Act (“FCPA”) for the purpose of influencing any official act or decision of such official
or inducing him or her to use his or her influence to affect any act or decision of a governmental authority; or (ii) any foreign
political party or official thereof or candidate for foreign political office for the purpose of influencing any official act
or decision of such party, official or candidate or inducing such party, official or candidate to use his, her or its influence
to affect any act or decision of a foreign governmental authority, in the case of both (i) and (ii) above, in order to assist
the representing Party or their respective affiliates to obtain or retain business for, or direct business to, the representing
Party or their respective affiliates, as applicable. Neither the representing Party, nor any of their respective directors, officers
or employees has made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment of funds or received or
retained any funds in violation of any law, rule or regulation.

4.2     Compliance with Office of Foreign
Assets Control.

(a)     To the representing Party’s knowledge, neither the Party, nor any of their respective directors, officers or employees
is an OFAC Sanctioned Person (as defined below). The representing Party and their respective directors, officers or employees are
in compliance with, and have not previously violated, the US Patriot Act of 2001, as amended through the date of this Agreement,
to the extent applicable to the representing Party, and all other applicable anti-money laundering laws and regulations. None of:
(i) the purchase and sale of the Zapna Stock or the VELA Shares; (ii) the execution, delivery and performance of this Agreement;
or (iii) the consummation of any transaction contemplated hereby or thereby, or the fulfillment of the terms hereof or thereof,
will result in a violation by anyone of any of the OFAC Sanctions (as defined below) or of any anti-money laundering laws of the
United States or any other applicable jurisdiction.

(b)     For the purposes of Section 4.2(a)
of this Agreement:

(i)     “OFAC Sanctions” means
any sanctions program administered by the Office of Foreign Assets Control of the US Department of the Treasury (“OFAC”)
under authority delegated to the Secretary of the Treasury (“Secretary”) by the President of the US or provided to
the Secretary by statute, and any order or license issued by, or under authority delegated by, the President or provided to the
Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of
limitation, OFAC Sanctions programs are described on OFAC's website at www.treas.gov/ofac;

(ii)     “OFAC Sanctioned Person”
means any government, country, corporation or other entity, group or individual with whom or which the OFAC Sanctions prohibit
a US Person from engaging in transactions and includes, without limitation, any individual or corporation or other entity that
appears on the current OFAC list of Specially Designated Nationals and Blocked Persons (“SDN List”). For ease of reference,
and not by way of limitation, OFAC Sanctioned Persons other than governments and countries can be found on the SDN List on OFAC's
website at www.treas.gov/offices/enforcement/ofac/sdn; and

(iii)     “US Person” means
any US citizen, permanent resident alien, entity organized under the laws of the US (including foreign branches), or any person
(individual or entity) in the US and, with respect to the Cuban Assets Control Regulations, also includes any corporation or other
entity that is owned or controlled by one of the foregoing, without regard to where it is organized or doing business.

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6.     Indemnification.

Each Party agrees to defend, indemnify
and hold harmless the other Party and its successors, permitted assigns, employees, officers, agents, managers, shareholders and
affiliates, from and against any and all losses, deficiencies, liabilities, damages, assessments, judgments, costs and expenses,
including reasonable attorneys’ fees (both those incurred in connection with the defense or prosecution of an indemnity claim
and those incurred in connection with the enforcement of this provision) resulting from or arising out of (i) any failure of the
indemnifying Party to perform or fulfill any undertaking, covenant or agreement applicable to such Party in this Agreement, and
(ii) any material breach of a representation and warranty contained in Sections 2-4 of this Agreement and applicable to the indemnifying
Party.

7.     Miscellaneous.

7.1     Survival of Warranties.
Unless otherwise set forth in this Agreement, the representations and warranties of Seller and Purchaser contained in or made pursuant
to this Agreement shall survive the execution and delivery of this Agreement and the Closing, and shall in no way be affected by
any investigation or knowledge of the subject matter thereof made by or on behalf of Seller or Purchaser.

7.2     Successors and Assigns. The
terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns
of the Parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the Parties hereto
or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

7.3     Governing Law. This Agreement
is made and any controversy arising out of or relating to this Agreement shall be governed by, and construed and enforced in accordance
with, the laws of California, without regard to the conflict of laws principles thereof.

7.4     Titles and Subtitles. The titles
and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this
Agreement.

7.5     Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given upon the earlier of actual receipt or: (i) personal delivery to the Party to be notified; (ii) when sent, if sent by electronic
mail or facsimile during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s
next business day; (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage
prepaid; or (iv) one (1) business day after deposit with a worldwide recognized overnight courier, freight prepaid, specifying
next business day delivery, with written verification of receipt. All communications shall be sent to the respective Parties at
their address as set forth on the signature page, or to such e-mail address, facsimile number or address as subsequently modified
by Notice given in accordance with this Section.

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7.6     Finder’s Fee and Commission.
Purchaser represents that it neither is nor will be obligated for any finder’s or broker’s fee or commission in connection
with this transaction. Purchaser agrees to indemnify and to hold harmless Seller from any liability for any commission or compensation
in the nature of a finder’s or broker’s fee arising out of this transaction, including the costs and expenses of defending
against such liability or asserted liability. Seller represents that it neither is nor will be obligated for any finder’s
or broker’s fee or commission in connection with this transaction. Seller agrees to indemnify and hold harmless Purchaser
from any liability for said commission or compensation in the nature of a finder’s or broker’s fee arising out of
this transaction, including the costs and expenses of defending against such liability or asserted liability.

7.7     Dispute Resolution. Any dispute
between the Parties to this Agreement which arises out of or relates to this Agreement shall be submitted to binding arbitration
to be conducted by the Judicial Arbitration and Mediation Services, Inc. (“JAMS”), sitting in San Diego, California,
for resolution by a single arbitrator acceptable to both Parties. If the Parties fail to agree to an arbitrator within ten (10)
days of a written demand for arbitration being sent by one Party to the other Party, then JAMS shall select the arbitrator according
to the JAMS Rules for Commercial Arbitration. The arbitration shall be conducted pursuant to the California Code of Civil Procedure
and the California Code of Evidence. The award of the arbitrator shall be final and binding on the Parties and may be enforced
by any court of competent jurisdiction. The Party prevailing in the arbitration shall be entitled to recover from the non-prevailing
Party its reasonable attorney fees and other costs and expenses incurred in connection with the arbitration and/or any action
to enforce the results of the arbitration.

7.8     Attorney Fees. If any action
at law or in equity (including arbitration) is necessary to enforce or interpret the terms of any of this Agreement, the prevailing
Party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief
to which such Party may be entitled.

7.9     Severability. The invalidity
or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

7.10     Delays or Omissions. No
delay or omission to exercise any right, power or remedy accruing to any Party under this Agreement, upon any breach or default
of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting Party
nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach
or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or
default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of either
Party of any breach or default under this Agreement, or any waiver on the part of either Party of any provisions or conditions
of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies,
either under this Agreement or by law or otherwise afforded to either Party, shall be cumulative and not alternative.

7.11     Entire Agreement. This
Agreement constitutes the full and entire understanding and agreement between the Parties with respect to the subject matter hereof,
and any other written or oral agreement relating to the subject matter hereof existing between the Parties is expressly canceled.

7.12     Counterparts.
This Agreement may be executed in one or more counterparts, including facsimile copy of signatures, each of which shall be deemed
to be an original copy of this Agreement, and all of which, when taken together, shall constitute one and the same Agreement.

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

	
        GULFSTREAM CAPITAL PARTNERS, LTD.

         

         

        By /s/ Colin Tay

        Colin Tay, its Executive Director

         

        2nd Floor, No. 86 Fu Xin South Road Sec 2

        Taipei 106, TAIWAN

        E-Mail: ctay @velatel.com
	
        AERIAL INVESTMENTS, LLC

         

         

        By  /s/ Sandra Haxby

        Sandra Haxby, its Managing member

         

        c/o The Company Corporation

        2711 Centerville Road

        Wilmington, DE 19808

        E-Mail: smoxie7@gmail.com

 

 

 

 

 

 

 

 

 

 

 

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