Document:

ex_10-3.htm - Generated by SEC Publisher for SEC Filing

  

PURCHASE AGREEMENT CLANCY CORP.

 

This Agreement dated this 2th day of September, 2016 between HODM PROFESSIONALS LIMITED, whose address is Rm. 610, South Tower, Huasheng Building, No. 102, Xianlie Middle Road, Yuexiu Dist., Guangzhou, Guangdong, China (Mainland), 510500, hereinafter (the “Seller”) and Clancy Corp., a Nevada corporation, whose address is 5348 Vegas Drive, Las Vegas, NV 89108, hereinafter (the “Buyer”) for the purposes herein stated.  

 

NOW, THEREFORE, in consideration of the mutual covenants set forth in this Agreement, the parties agree as follows:

 

1.      AGREEMENT:  The “Seller” hereby sells, conveys and transfers to the “Buyer” all rights, title and unto the machines, equipment, hereinafter referred to collectively as equipment, described in the attached as Schedule 1.

 

2.      “AS IS” CONDITION OF EQUIPMENT:  The “Seller” makes no warranties unto the “Buyer” for the sale of the equipment and all equipment described herein is sold in its “as is” condition.

 

3.      DELIVERY AND ACCEPTANCE: The equipment will be deemed received by the “Buyer” when delivered to the “Buyer” at office whose address is Vizantiou 28, Strovolos, Lefkosia, Cyprus, 2006. The method of shipment will be door-to-door shipment, from the warehouse of the “Seller” to the place of delivery of the “Buyer”, specified as CPT (Carriage paid to) in accordance to Incoterms (International Commercial Terms 2010, CC. Retrieved March 14, 2014). 

 

Upon acceptance by the “Buyer” of the equipment, which acceptance shall be identified by the “Seller” taking possession of the equipment, such acceptance shall acknowledge that the equipment is in good order and condition and that the “Buyer” is satisfied with same and that the “Seller” has made no representation or warranty, expressed or implied, with respect to such item of equipment.  All equipment is sold in an “as is” condition.

 

4.      PURCHASE PAYMENTS: The “Buyer” will pay to the “Seller” the sum in USD currency, which will be specified in the invoice to each order of the equipment by the “Buyer”. The “Buyer” has the right to pay owned amount to the “Seller” in parts. The prices for the first order specified in the attached Schedule I.

 

The “Buyer” will make payment by wire transfer for the equipment at the time when the equipment is received by the “Buyer” or, in the alternative, when any document of title or registrable Bill of Sale of the equipment, bearing any necessary endorsement, is tendered to the “Buyer”.

 

5.      MAINTENANCE AND REPAIR:  All maintenance and repair costs to the equipment shall be paid by the “Buyer” is hereby relieved from any responsibility to maintain or repair said equipment, all said equipment being sold in an “as is” condition.

 

6.      FORCE MAJEURE: The “Seller” may, without liability, delay performance or cancel this Agreement on account of force majeure events or other circumstances beyond its control, including, but not limited to, strikes, acts of God, political unrest, terrorism, embargo, failure of source of supply, or casualty. 

 

7.      MISCELLANEOUS: This Agreement contains the entire agreement between the Parties and supersedes and replaces all such prior agreements with respect to matters expressly set forth herein. No modification shall be made to this Agreement except in writing and signed by the both Parties. This Agreement shall be binding upon the Parties and their respective heirs, executors, administrators, successors, assigns and personal representatives. 

 

 

 

 

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

 

1

 

  

 

The “Seller”:

 

 

/s/ Sun Lumin 

Signature

 

Sun Lumin

HODM PROFESSIONALS LIMITED 

(Initials of the authorized person)

The “Buyer”:

 

 

/s/ Iryna Kologrym

Signature

 

Iryna Kologrym

Clancy Corp.

(Initials of the authorized person)

 

2

 

  

 

 

Schedule 1

Equipment List

 

	

   Description
		

   Quantity
				

   Price per unit, USD
				

   Amount, USD
	
	

   Soap making machine 
		

   1
				

   300.00
				

   300.00
	
	

   Soap Cutting machine 
		

   1
				

   500.00
				

   500.00
	
	

   Bucket 120l 
		

   5
				

   7.00
				

   35.00
	
	

   Bucket 8l 
		

   10
				

   4.00
				

   40.00
	
	

   Scales 
		

   2
				

   50.00
				

   100.00
	
	

   Mold cube 
		

   6
				

   1.50
				

   9.00
	
	

   Mold round 
		

   5
				

   1.60
				

   8.00
	
	

   Mold hearts 
		

   5
				

   1.60
				

   8.00
	
	

   Mold round with flat top 
		

   5
				

   1.00
				

   5.00
	
	

   Mold flowers 
		

   5
				

   1.20
				

   6.00
	
	

   Oil, kg 
		

   10
				

   10.00
				

   100.00
	
	

   Lye, kg 
		

   500
				

   0.34
				

   170.00
	
	

   Color, kg 
		

   15
				

   25.00
				

   375.00
	
	

   Soap base, kg 
		

   25
				

   6.00
				

   150.00
	
	

   Decoration items for soap, set/kg 
		

   5
				

   3.00
				

   15.00
	
	

   Wrapping materials, roll 100*0.5m 
		

   3
				

   15.00
				

   45.00
	
	

   All shipping cost 
		

   -
				

   -
				

   134.00
	
	

   Total 
		

   2,000.00

 

 

 

 

 

 

 

 

 

3EX-10.1

 Exhibit 10.1 

Amendment to Employment Agreement 

This Third Amendment (this “Amendment”), dated as of December 6, 2016, to the Employment Agreement, made as of
May 1, 2014 and as amended as of September 1, 2015 and April 1, 2016 (the “Employment Agreement”), between the Florida Community Bank, National Association (the “Company”) and Kent Ellert
(“Executive”). 
 WHEREAS, the Company and Executive now wish to amend the Employment Agreement in accordance with
the provisions of Section 7(n) of the Employment Agreement; 
 NOW, THEREFORE, in consideration of good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree to amend the Employment Agreement as set forth herein. 

Section 1 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: 

“1. Term of Employment. The term of employment under this Agreement shall commence as of the Effective Date and,
subject to earlier termination provided in Section 4 hereof, shall end on April 30, 2019 (the “Term”). For purposes of clarity, if Executive’s employment continues after the expiration of the Term, his employment
shall be at-will.” 
 Section 3(c) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 “(c) Benefits and Perquisites. Executive shall be entitled to participate in, to the extent Executive is otherwise eligible
under the terms thereof, the benefits and programs, including, for the avoidance of doubt, any long-term incentive plans or arrangements, and receive the benefits and perquisites, generally provided by the Company to executives of the Company,
including without limitation, family medical insurance. Notwithstanding the foregoing, Executive shall not be entitled to participate in any Company severance plan other than as provided specifically herein. Executive shall be entitled to annual
vacation in accordance with Company policy.” 
 Section 7(k) is hereby deleted in its entirety and replaced with the following:

 “(k) [Reserved]” 

Except as specifically modified herein, the Employment Agreement shall remain in full force and effect in accordance with all of the terms and
conditions thereof. 
 This Amendment may be executed in any number of counterparts, each of which shall for all purposes be deemed an
original, and all of which together shall constitute but one and the same instrument. Signatures delivered by facsimile shall be effective for all purposes. 

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be duly executed effective as of the date first written
above. 

 
			
	FLORIDA COMMUNITY BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Vincent S. Tese

		
	Name:	 	 Vincent S. Tese

		
	Title:	 	 Executive Chairman

 

			
	KENT ELLERT 
		
		 	 /s/ Kent EllertEX-10.2

 Exhibit 10.2 

Amendment to Employment Agreement 

This First Amendment (this “Amendment”), dated as of December 6, 2016, to the Employment Agreement, made as of
July 18, 2014 (the “Employment Agreement”), between the Florida Community Bank, National Association (the “Company”) and Vincent Tese (“Executive”). 

WHEREAS, the Company and Executive now wish to amend the Employment Agreement in accordance with the provisions of Section 7(m) of
the Employment Agreement; 
 NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree to amend the Employment Agreement as set forth herein. 
 Section 1
of the Employment Agreement is hereby deleted in its entirety and replaced with the following: 
 “1. Term of
Employment. The term of employment under this Agreement shall commence as of May 1, 2014 (the “Effective Date”) and, subject to earlier termination provided in Section 4 hereof, shall end on April 30, 2019 (the
“Term”). For purposes of clarity, if Executive’s employment continues after the expiration of the Term, his employment shall be at-will.” 

Section 3(c) of the Employment Agreement is hereby deleted in its entirety and replaced with the following: 

“(c) Benefits and Perquisites. Executive shall be entitled to participate in, to the extent Executive is otherwise
eligible under the terms thereof, the benefits and programs, including, for the avoidance of doubt, any long-term incentive plans or arrangements, and receive the benefits and perquisites, generally provided by the Company to executives of the
Company, including without limitation, family medical insurance. Notwithstanding the foregoing, Executive shall not be entitled to participate in any Company severance plan other than as provided specifically herein. Executive shall be entitled to
annual vacation in accordance with Company policy.” 
 Except as specifically modified herein, the Employment Agreement shall remain in
full force and effect in accordance with all of the terms and conditions thereof. 
 This Amendment may be executed in any number of
counterparts, each of which shall for all purposes be deemed an original, and all of which together shall constitute but one and the same instrument. Signatures delivered by facsimile shall be effective for all purposes. 

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be duly executed effective as of the date first written
above. 
 [Signatures on the next page] 

 
			
	FLORIDA COMMUNITY BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Kent Ellert

		
	Name:	 	 Kent Ellert

		
	Title:	 	 President & Chief Executive
Officer

  

			
	VINCENT TESE 
		
		 	 /s/ Vincent Tese

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