Document:

Exhibit

May 15, 2017

Kenneth Grossman
31 Deerwood Road 
Suffern, NY 10901

Dear Ken:

This agreement (the “Agreement”) will confirm the terms and conditions of your continued employment with Global Brokerage, Inc. (“GLBR” or the “Company”).  The effective date of this Agreement is May 15, 2017.

I.    DUTIES AND RESPONSIBILITIES; NOTES RESTRUCTURING.  

A.    From the effective date of this Agreement through May 31, 2018 subject to extension if mutually agreed to by GLBR and you on or before May 31, 2018 (the “Employment Term,” subject to early termination as specified in Section III), you will be the Chief Executive Officer of GLBR (“CEO”), at our New York office.  You shall have the duties, responsibilities and authorities customarily exercised by the CEO, including but not limited to negotiating the Notes Restructuring (as set forth in Section I.B below).  Except as otherwise approved by the Board of GLBR, you will devote sufficient business time during the Employment Term to fulfill your obligations under this Section I, with the understanding that, consistent with your service as CEO prior to the effective date of this Agreement, this is not a full-time employment commitment.   

B.    For purposes of this Agreement, “Notes Restructuring” means a transaction or series of transactions that has the effect of amending or replacing GLBR’s 2.25% Convertible Senior Notes due 2018 (the “Convertible Notes”) in their entirety with debt or convertible debt and/or equity on terms agreed to by the Company’s Board of Directors, with such transaction(s) having been consented to by Leucadia National Corporation (“Leucadia”) in advance.

II.    COMPENSATION

A.During the Employment Term, you will receive a salary at the annualized rate of $600,000, payable in accordance with GLBR’s payroll practices, subject to Section III.  If you remain employed and in Good Standing (“Good Standing” as defined in Section III.C) through the end of the Employment Term, and you execute the release as required under Section V.B, you will receive (i) a bonus in the amount of $1,000,000 (the “Completion Bonus”), payable as a lump sum on July 31, 2018, and (ii) salary through the last day of employment payable in accordance with the Company’s regular payroll practices. If you are terminated by the Company not for Cause (“Cause” as defined in Section III.D) prior to the end of the Employment Term, and you execute the release as required under Section V.B, you will receive (i) the Completion Bonus and (ii) the unpaid salary that would have been paid to you had you been employed through May 31, 2018, all of which shall be payable as a lump sum on July 31, 2018. You will be entitled to payment of the Completion Bonus notwithstanding the continuation of your employment by separate agreement for a period later than the expiration of the Employment Term. 

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B.Benefits.  During the Employment Term, you will continue to receive benefits commensurate with those provided to similarly situated employees. 

C.Statutory Deductions. Any salary, bonus and/or other compensation described in this Agreement will be subject to all applicable statutory deductions and withholdings.

III.    TERMINATION

A.Employment-At-Will.  Your employment with the Company is “at will,” and the Company may terminate your employment at any time, with or without Cause or notice.  You may voluntarily terminate your employment subject to applicable notice periods.

B.Notice Period.  During your employment either party may terminate your employment under this Agreement.  You are required to provide the Company with ninety (90) days written notice of your intention to terminate your employment (the “Notice Period”).  During the Notice Period, you will continue to receive your salary payments at the rate then in effect (but not any bonus distribution) at the regular payroll dates; your fiduciary duties and your obligations to the Company as an employee of the Company will continue; and you will cooperate in the transition of your responsibilities.  The Company shall have the right, in its sole discretion, to direct that you no longer come in to the office during the Notice Period or to shorten the Notice Period.  In determining whether to exercise this right, the Company will act solely in its own best interests, and under no circumstances will it take into consideration any request by you that the Company direct you to cease coming into the office or shorten the Notice Period.

C.Good Standing.  “Good Standing” means you remain employed at the Company or one of its parents, subsidiaries or affiliates and have not been terminated for Cause, have not resigned or given notice of resignation, and have not committed conduct that could result in termination for Cause.  

D.Cause.  “Cause” means (a) your engagement in misconduct that is materially injurious to the Company or any of its parents, subsidiaries or affiliates; or (b) if you materially breach this Agreement and/or its representations and warranties contained herein, and fail to remedy such breach within 15 business days of receiving written notice from the Company requiring you to do so; or (c) if you materially breach this Agreement and the breach is attributable to your bad faith, gross negligence, fraud or willful misconduct or a breach of your fiduciary duties to the Company or its parents, subsidiaries or affiliates; or (d) your failure on more than one occasion, after receiving due notice of such failure, to substantially perform your obligations to the Company or its parents, subsidiaries or affiliates; or (e) your commission of an act or acts constituting any (A) fraud against, or misappropriation or embezzlement from the Company or any of its parents, subsidiaries or affiliates, (B) crime involving moral turpitude, or (C) offense that could result in a jail sentence of at least 30 days; or (f) your engagement in any competitive activity which would constitute a material breach of your obligations to the Company under this Agreement; or (g) your engagement in conduct or activities that materially violate any applicable governmental or quasi-governmental regulation involving securities or otherwise relating to the business of the Company or its parents, subsidiaries or affiliates; or (h) you voluntarily commence any proceeding or file any relief under Title 11 of the United States Code or any other U.S. Federal or state bankruptcy or insolvency law.

IV.    RESTRICTIVE COVENANTS

A.Confidential Information.  During and after your employment by the Company, you will not, directly or indirectly in one or a series of transactions, disclose to any person, or use or otherwise exploit for your own benefit or for the benefit of anyone other than the Company or any of its parents, subsidiaries 

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or affiliates, any Confidential Information of the Company, its parents, subsidiaries or affiliates, whether or not reduced to writing or physical embodiment and whether prepared by you or not.  The terms of this Section IV.A. shall survive the termination of your employment with the Company, regardless of who terminates your employment, or the reasons therefor. “Confidential Information” means any confidential or proprietary information of the Company or any of parents, subsidiaries or affiliates, including, without limitation, research, processes, procedures, marketing techniques, marketing and business development plans, client data, net asset value, performance information and financial information. Confidential Information may be disclosed in good faith by you in connection with the performance of your duties under this Agreement. For purposes of this Section, Confidential Information shall not be deemed to include information publicly known in the trade at the time you first learn of the information or which later becomes commonly known in the trade (other than as a result of a disclosure by you); nor shall the term include general knowledge or general trade information which you independently learn nor information already in your possession prior to your employment by the Company.  Notwithstanding the foregoing, nothing in this section prohibits or restricts you or your attorney from his or her right to: (i) disclose relevant and necessary information or documents in any action, investigation, or proceeding relating to this Agreement, or as required by law or legal process; or, (ii) participate, cooperate, or testify in any action, investigation, or proceeding with, or provide information to, the Company’s legal department, any self-regulatory organization, any governmental agency, or legislative body; provided that, if permitted by law, upon receipt of any subpoena, court order or other legal process compelling the disclosure of any such information or documents, you shall give prompt written notice to the Company to permit the Company to protect  its interests in confidentiality to the fullest extent possible.

B.Non-Competition.  During the Employment Term, you shall not engage in Competitive Activity. “Competitive Activity” means that you, whether acting alone or in conjunction with others, directly or indirectly rendering services for any organization or engaging (either as owner, investor, partner, stockholder, employer, employee, consultant, advisor, or director) directly or indirectly, in any business which is or becomes competitive with any of the business of the GLBR, FXCM Group, LLC, or foreign currency trading business of their parents, subsidiaries or affiliates. 

C.Non-Solicitation.  During the Employment Term, you shall not, directly or indirectly solicit, hire or retain as an employee or independent contractor, or assist any third party in the solicitation, hiring, or retention as an employee  or independent contractor, any person who during the previous twelve months was an employee or independent contractor of the Company or its parents, subsidiaries or affiliates.

D.Works For Hire. You acknowledge and agree that all copyrightable material and other intellectual property developed or prepared for the Company by you during your employment by the Company, including without limitation (a) all computer software and all elements thereof and (b) all inventions, improvements, discoveries, designs, documents, and other data (whether or not patentable or copyrightable) made, developed, or first reduced to practice by you for the Company, whether solely or jointly with others, during the period of your employment by the Company, are deemed to be developed and prepared for the sole and exclusive benefit of the Company, and all copyrightable material shall constitute works for hire. The Company shall have all right, title, and interest in such material and shall be the author thereof for all purposes under the copyright laws. In the event that any copyrightable material is deemed not to be works for hire, you hereby assign such works to the Company and agree, without further compensation or consideration, to immediately take such actions to effect such assignment as may be requested by the Company.

E.Acknowledgment.  You acknowledge and agree that the time periods referred to in the paragraphs above are reasonable and valid in duration and scope and in all other respects. You also represent that your financial resources, experience and capabilities are such that the enforcement of the foregoing 

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covenants will not prevent you from earning a livelihood, and acknowledge that it would cause the Company and/or its parents, subsidiaries or affiliates serious and irreparable injury and cost if you were to use your ability and knowledge in competition with the Company and/or its parents, subsidiaries or affiliates or to otherwise breach the obligations contained in this Agreement. If the scope of any of the restrictions set forth above are deemed by any arbitration panel, court, or other tribunal to be too broad to permit enforcement of such restriction to its full extent, then such restriction shall be enforced to the maximum extent permitted by law, and you hereby consent and agree that such scope may be judicially modified accordingly in any proceeding brought to enforce such restriction.

V.     OTHER IMPORTANT PROVISIONS

A.Your continued employment is subject to compliance with all Company policies including, but not limited to, those contained in any code of ethics or general compliance policies and procedures, all of which may, from time to time, be amended.

B.Release.  As a condition to your rights to receive the Completion Bonus and accelerated salary payments under Section II.A, you must execute, deliver and not revoke a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company and consistent with the post-employment restrictions contained herein.  The Company will provide to you the form of such release not later than five calendar days after the date an amount has become payable subject only to your executing, delivering and not revoking the release under this Section V.B.   You must execute the release and deliver it to the Company not later than 45 days after the form of release is provided to you.  If you do not execute the release, or if you revoke the release before the designated payment date, your rights to payments conditioned upon your timely execution of such release shall be forfeited.  If the 45-day period contemplated hereby crosses calendar years, the payments required hereunder shall be paid in the second calendar year to comply with Code Section 409A.

C.The Company’s obligations pursuant to this Agreement shall be joint and several obligations for which the Company and each of its parents, subsidiaries, and operating companies, including but not limited to FXCM Global Services, LLC, FXCM Group LLC, Forex Capital Markets Ltd., FXCM Australia Pty Ltd., FXCM Markets Ltd., and FXCM Bullion Ltd., shall be liable.  The Company represents that it has the authority to bind each of its parents, subsidiaries, and affiliates to these obligations.

D.This Agreement constitutes the entire agreement between you and the Company with respect to the subject matters in this Agreement, and supersedes all prior or contemporaneous negotiations, promises, agreements and representations, all of which have become merged and integrated into this Agreement.  Without limiting the foregoing, the Severance Agreement for Founders effective January 1, 2016 between Kenneth Grossman and FXCM Global Services, LLC and all other severance agreements relating to your employment are hereby terminated.  The provisions in this Agreement are severable.  Any provisions in this Agreement held to be unenforceable or invalid in any jurisdiction shall not affect the enforceability the remaining provisions.  In addition, any provision of this Agreement held to be excessively broad as to degree, duration, geographical scope, activity or subject, shall be construed by limiting and reducing it to be enforceable to the extent compatible with the applicable law.  

E.This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to its principles or rules of conflicts of laws, to the extent that such principles or rules would require or permit the application of the law of another jurisdiction.  You hereby consent that any arbitration proceeding brought with respect to matters related to your employment or this Agreement shall be brought before FINRA in the Borough of Manhattan in the State of New York, or if the 

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parties are permitted to bring such action in a state or federal court, then you hereby consent to the personal jurisdiction of the state and federal courts sitting in the City and State of New York with respect to matters related to your employment or this Agreement, and agree that any action with respect thereto shall be brought in such courts. 

F.This Agreement is intended to comply with provisions of Code Section 409A and regulations thereunder so that you will not be subject to tax penalties under Section 409A, and therefore this Agreement shall be interpreted accordingly.  References herein to your termination of employment, insofar as they relate to the timing of payment of any payment that constitutes a deferral of compensation under Code Section 409A, shall be deemed to refer to the date upon which you have a “separation from service” within the meaning of Code Section 409A.  Other provisions of this Agreement notwithstanding, (i) if at the time of your separation from service from the Company and all of its affiliates you are a “specified employee” as defined for purposes of Code Section 409A and the deferral of the commencement of any payment or benefit otherwise payable hereunder or payable under any other compensatory arrangement between you and the Company (and its affiliates) as a result of such separation from service is necessary in order to prevent any accelerated or additional tax or penalty under Code Section 409A, then the Company will delay the commencement of the payment of such payment or benefit (without any reduction in such payment or benefit ultimately paid to you) until the date that is six months following your separation from service (or the earliest date as is permitted under Code Section 409A), at which point all payments deferred under this Section V.F shall be paid to you in a lump sum and (ii) if any other payments of money or other benefits due to you hereunder could cause the application of an accelerated or additional tax or penalty under Code Section 409A, such payments or benefits shall be restructured, to the extent possible, in a manner that does not cause such an accelerated or additional tax or penalty.  To the extent that any reimbursements or in-kind benefits due to you under this Agreement constitute “deferred compensation” under Code Section 409A, any such reimbursements or in-kind benefits shall be paid to you in a manner consistent with Treasury Regulation Section 1.409A-3(i)(1)(iv).  For purposes of Code Section 409A, each payment made under this Agreement shall be designated as a “separate payment” within the meaning of Code Section 409A.  Other provisions of this Agreement notwithstanding, you will be responsible for all taxes (including excise taxes and tax penalties) relating to your compensation hereunder or otherwise paid by the Company or any of its affiliates, and the Company and its affiliates will not indemnify you for any such taxes. 

G.Notwithstanding any other provision of this Agreement to the contrary, if any of the payments or benefits provided or to be provided by us (including our affiliates) to you or for your benefit under this Agreement or otherwise (“Covered Payments”) constitute parachute payments within the meaning of Section 280G of the Code and would, but for this Section V.G, be subject to the excise tax imposed under Section 4999 of the Code (or any successor provision thereto) or any similar tax imposed by state or local law or any interest or penalties with respect to such taxes (collectively, the “Excise Tax”), then, prior to our making the Covered Payments, a calculation shall be made comparing (i) the Net Benefit (as defined below) to you of the Covered Payments after payment of the Excise Tax to (ii) the Net Benefit to you if the Covered Payments are limited to the extent necessary to avoid being subject to the Excise Tax.  If the amount calculated under (i) above is less than the amount under (ii) above, the Covered Payments will be reduced to the minimum extent necessary to ensure that no portion of the Covered Payments is subject to the Excise Tax.  “Net Benefit” shall mean the present value of the Covered Payments, after payment of all applicable federal, state, local, foreign income, employment and excise taxes.  You will provide to the Company all such information and documents as the Company may reasonably request in order for the Company to make a determination under this Section V.G.  The Company’s determination shall be final and binding on all parties.

H.Neither the Company, nor you, shall assign the rights and obligations under this Agreement without prior consent of the other party, such consent not to be unreasonably withheld.

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I.You acknowledge and agree that you have read and understand this Agreement, you voluntarily agree to the terms and conditions in this Agreement, and you have been provided with the opportunity to consult with independent legal counsel of your choice prior to executing this Agreement.

If the above terms are acceptable to you, we request that you accept this Agreement by signing and dating the copy enclosed and returning it to the Company.

Sincerely,

	
	
	Global Brokerage, Inc.

	 

	By: /s/ Robert Lande

AGREED TO AND ACCEPTED BY:

	
			
	/s/ Kenneth Grossman
	 
	May 15, 2017

	Kenneth Grossman
	 
	DATE

Page 6 of 6Exhibit 10.2

 

EXCLUSIVE TECHNOLOGY
CONSULTING AND SERVICE AGREEMENT

 

This  EXCLUSIVE
TECHNOLOGY CONSULTING AND SERVICE AGREEMENT (this “Agreement”), dated May 15, 2017, is made by and
among:

 

Party A:  Enigma Technology
International Corporation, with registered address at Box 933, Road Town, Tortola, British Virgin Islands, VG1110; and

 

Party B: Digiwork (Thailand)
Co., Ltd., with registered address at 121/34, RS Tower, 8th Floor, Ratchadaphisek Road, Din Daeng Sub-district, din Daeng
District, Bangkok, Thailand.

 

Party A and Party B individually, a “Party”;
collectively, the “Parties”

 

Whereas,

 

		1.	Party A is a company
                                         incorporated and validly existing under the laws of the British Virgin Islands, having the
                                         resources and qualifications to provide Party B with technology consulting
                                         and services;

 

		2.	Party B is a company
                                         incorporated and validly existing under the laws of Thailand; and

 

		3.	The Parties wish to contract for certain technology consulting and
                                         other services pursuant to the terms hereof.

  

NOW, THEREFORE, the Parties hereby agree
as follows through negotiations:

 

		1.	Technology Consulting and Services; Sole and Exclusive
                                         Rights and Interests

 

1.1          During
the term of this Agreement, Party A agrees to provide Party B with technology consulting and services set
forth in Exhibit I attached hereto subject to the terms and conditions of this Agreement.

 

1.2          Party
B agrees to accept the technology consulting and services provided by Party A. Party B further agrees that during the term hereof,
it will not accept the same or similar technology consulting and services with respect to the foregoing business operations from
any third party, unless with prior written consent from Party A.

 

1.3          Any
and all rights and interests arising from performance of this Agreement, including without limitation ownership, copyright, patent
and other intellectual properties, technical and business secrets, which is developed by Party A or by Party B based on the intellectual
property owned by Party A, will be solely and exclusively owned by Party A.

 

		2.	Calculation and Payment of Technology Consulting
                                         and Services Fee

 

2.1         
Party B agrees to pay technology consulting and services fee set forth under this Agreement to Party A for the technology consulting
and services provided by Party A under this Agreement (the “Consulting Services Fee”).

 

2.2         
The Parties agree to determine and pay the Consulting Services Fee according to Exhibit II attached hereto.

 

		3.	Representations and Warranties

 

3.1         
Party A hereby represents and warrants that:

 

		3.1.1.	It is corporation
                                         duly incorporated and validly existing under the laws of the British Virgin Islands;

 

		3.1.2.	Its execution and
                                         performance of this Agreement are within the scope of its corporate power and business; it has taken necessary
                                         corporate actions and obtained appropriate authorization and necessary
                                         consent and approvals from third parties and government agency, and execution of
                                         this Agreement will not constitute a breach of any law or contract which
                                         has binding or other effect upon it; and

 

     

     

    

 

		3.1.3.	This Agreement,
                                         once executed, constitutes legal, valid and binding obligations of Party
                                         A, and is enforceable upon Party A pursuant to its terms.

 

3.2         
Party B hereby represents and warrants that:

 

		3.2.1.	It is a corporation
                                         duly incorporated and validly existing under the laws of Thailand;

 

		3.2.2.	Its execution and
                                         performance of this Agreement are within the scope of its corporate power and business; it has taken necessary
                                         corporate actions and obtained appropriate authorization and necessary
                                         consent and approvals from third parties and government agency, and execution of
                                         this Agreement will not constitute a breach of any law or contract which
                                         has binding or other effect upon it; and

 

		3.2.3.	This Agreement,
                                         once executed, constitutes legal, valid and binding obligations of Party
                                         B, and is enforceable upon Party B pursuant to its terms.

 

		4.	Confidentiality

 

4.1          Party
B agrees to take reasonably best efforts to keep in confidence Party A’s confidential information and
materials (“Confidential Information”) that it may be aware of or have access to in connection with its
acceptance of Party A’s exclusive consulting and services.  Without prior written consent from Party A, Party
B shall not disclose, offer or transfer any Confidential Information to any third party.  If this
Agreement terminates and upon Party A’s request, Party B shall return to Party A or destroy all of the
documents, materials or software containing Confidential Information, and shall delete any Confidential Information from
all relevant memory devices and cease to use any Confidential Information.

 

4.2         
This Article 4 will survive any change, termination or expiration of this Agreement.

 

		5.	Breach of Contract

 

If either party
(the “Defaulting Party”) breaches any provision of this Agreement, which causes damage to the
other Party (the “Non-defaulting Party”), the Non-defaulting Party may notify the Defaulting Party in
writing and request it to rectify and correct such breach of contract; if the Defaulting Party fails to take any
action satisfactory to the Non-defaulting Party to rectify and correct such breach within fifteen (15) working days
upon the issuance of the written notice by the Non-defaulting Party, the Non-defaulting Party may take the
actions pursuant to this Agreement or pursue other remedies in accordance with laws.

 

		6.	Effectiveness and Term

 

6.1         
This Agreement shall take effect as of the date first written above.  The term of this Agreement is ten (10) years
unless early termination occurs in accordance with relevant provisions herein or any other agreement reached by the Parties.

 

6.2         
This Agreement may be extended upon Party A’s written confirmation prior to the expiration of this Agreement and the extended
term shall be determined by Party A.

 

		7.	Termination

 

7.1         
This Agreement shall be terminated on the expiring date unless it is renewed in accordance with the relevant provisions herein.

 

7.2          During
the term hereof, Party B may not make early termination of this Agreement unless Party A commits gross
negligence, fraud or other illegal action, or goes bankrupt. Notwithstanding the foregoing, Party A shall
always have the right to terminate this Agreement by issuing a thirty (30) days’ prior written notice to Party
B.

  

     

     

    

 

7.3          The
rights and obligations of the Parties under Articles 4 and 5 will survive termination of this Agreement.

 

		8.	Governing Law and Dispute Resolution

 

8.1         
The execution, interpretation, performance of this Agreement and the disputes resolution under this Agreement shall be governed
by the laws of Thailand.

 

8.2         
The parties hereto shall strive to settle any dispute arising from the interpretation or performance of the terms under this
Agreement through friendly consultation in good faith. In case no settlement can be reached through consultation within thirty
(30) days after the request for consultation is made by either Party, any Party can submit such matter
to The Thai Arbitration Institute Office of The Judiciary, Ministry of Justice. The arbitration shall take place in Bangkok. The
arbitration award shall be final and binding upon both Parties.

 

		9.	Force Majeure

 

9.1         
“Force Majeure Event” shall mean any event beyond the reasonable controls of the Party so affected, which are unpredictable,
unavoidable, irresistible even if the affected Party takes a reasonable care, including but not limited to governmental acts,
Act of God, fires, explosion, geographical variations, storms, floods, earthquakes, morning and evening tides, lightning or wars,
riot, strike, and any other such events that all Parties have reached a consensus upon. However, any shortage of credits, funding
or financing shall not be deemed as the events beyond reasonable controls of the affected Party.

 

9.2         
In the event that the performance of this Agreement is delayed or interrupted due to the said Force Majeure Event, the affected
Party shall be excused from any liability to the extent of the delayed or interrupted performance. The affected Party which
intends to seek exemption from its obligations of performance under this Agreement or any provision of this Agreement shall immediately
inform the other Party of such a Force Majeure Event and the measures it needs to take in order to complete its performance.

 

		10.	Notices

 

All notices or
other correspondences given by either Party pursuant to this Agreement shall be made in writing and may be
delivered in person, or by registered mail, postage prepaid mail, generally accepted courier service or facsimile to the following
addresses of the relevant Party or both Parties, or any other address notified by the other Party from time to time,
or another person’s address designated by it. The date when the notice is deemed to be duly served shall be determined
as the follows: (a) a notice delivered personally is deemed duly served upon the delivery; (b) a notice sent by mail
is deemed duly served on the seventh (7th) day after the air registered mail with postage prepaid has been sent out
(as is shown on the postmark), or the fourth (4th) day after delivery to the internationally recognized courier service agency;
and (c) a notice sent by facsimile transmission is deemed duly served upon the receipt time as is shown on the transmission
confirmation of relevant documents.

 

If to Party A: Enigma
Technology International Corporation

Address: No. 8/5 Soi Patanakarn
30,

Patanakarn Road, Suan Luang Sub-District,
Suan Luang District,

Bangkok, Thailand

Attention: Ratanaphon Wongnapachant

Fax:

 

If to Party B: 
Digiwork (Thailand) Co., Ltd.

Address: 121/34, RS Tower, 8th
Floor, Ratchadaphisek Road, Din Daeng Sub-district, din Daeng District, Bangkok, Thailand

Attention: Ratanaphon Wongnapachant

Fax: +662 0402455

 

     

     

    

 

		11.	Assignment

 

Party B shall not
assign its rights and obligations under this Agreement to any third party without the prior written consent of Party A.

 

		12.	Severability

 

If any provision of
this Agreement is held void, invalid or unenforceable by a court of competent jurisdiction or arbitration authority, the validity,
legality and enforceability of the other provisions hereof shall not be affected or impaired. The Parties shall cease performing
such void, invalid or unenforceable provisions and revise such void, invalid or unenforceable provisions only to the extent closest
to the original intention thereof to recover its validity or enforceability for such specific facts and circumstances.

 

		13.	Amendment and Supplement to Agreement

 

Any amendment and
supplement to this Agreement shall be made in writing by the Parties. Any agreements on such amendment
and supplement duly executed by both Parties shall be deemed as a part of this Agreement and shall have the same legal effect
as this Agreement.

 

		14.	Miscellaneous

 

14.1       
The headings contained in this Agreement are for the convenience of reference only and shall not be used to interpret,
explain or otherwise affect the meaning of the provisions of this Agreement.

 

14.2       
The Parties agree to promptly execute any document and take any other action reasonably necessary or advisable to perform provisions
and purpose of this Agreement.

 

14.3       
The Parties confirm that this Agreement shall, upon its effectiveness, constitute the entire agreement and common understanding of
the Parties with respect to the subject matters herein and fully supersede all prior verbal and/or written agreements
and understandings with respect to the subject matters herein.

 

14.4       
This Agreement shall be binding upon and for the benefit of all the Parties hereto and their respective inheritors, successors
and the permitted assigns.

 

14.5        Any Party’s
failure to exercise the rights under this Agreement in time shall not be deemed as its waiver of
such rights and would not affect its future exercise of such rights.

 

14.6       
Any attachment hereto is an integral part of and has the same effect with this Agreement.

 

14.7        This Agreement is made in
two originals with each Party holding one and both originals are equally authentic.

 

[Remainder of Page
Intentionally Blank]

 

     

     

    

  

(Signature Page of
Exclusive Technology Consulting and Service Agreement)

 

IN WITNESS THEREOF, each Party hereto
has caused this Agreement duly executed by their respective legal representative or duly authorized representative on
its behalf as of the date first written above.

 

	Party A: Enigma Technology International
    Corporation 	 
	 	 	 	 
	 	[Seal]	 
	By:	Ratanaphon Wongnapachant	 	 
	 	Director	 	 
	 	 	 	 
	Party B: Digiwork (Thailand)
    Co., Ltd.	 	 
	 	 	 	 
	 	[Seal]	 
	By:	Ratanaphon Wongnapachant	 	 
	 	Director	 	 

 

     

     

    

  

Exhibit I:            
List of Technology Consulting and Services

 

Party A will provide the following technology
consulting and services to Party B:

 

(1)Technology
consulting and response to enquiries raised by Party B relating to network equipment, technical products and software; and

 

(2)Business
consulting and services in relation to financing, banking, management and administration of technical and business operations.

 

(3)Any
other services and consulting required by Party B for business operations.

 

     

     

    

 

Exhibit II:           
Calculation and Payment of Technology Consulting and Services Fee

 

The amount of the service fee will be
determined on the basis of:

 

(1) difficulty
of the technology and complexity of the consulting and management services;

 

(2) time
required by Party A to provide technology consulting and management services; and

 

(3) contents
and commercial value of the technology consulting and management services.

 

Party A will issue a fee statement to
Party B based on the workload and commercial value of the technical services provided by Party A, the fee amount to be equivalent
to the amount of net profit before tax of Party B on quarterly basis.  Party B will pay the consulting and services fee according
to the time and amount set forth in the statement, provided that Party B will pay no less than 30,000 Baht as consulting and services
fee (the “Quarterly Minimum Service Fee”) to Party A on quarterly basis.

 

The Quarterly Minimum Service Fee is subject
to approval from Party A’s board of directors, and will be reviewed and revised no less than once yearly.  Any revision
and change of Quarterly Minimum Service Fee is subject to approval from Party A’s board of directors.

 

Party B will provide its quarterly financial
statements and all operating records, business contracts and financial information for any year to Party A within fifteen (15)
days upon the end of such quarter.  Party A may engage any reputable independent accountant to audit any financial information
provided by Party B, for which Party B will provide coordination.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}]]