Document:

Unassociated Document

Exhibit 10.18

 

Translation

Transfer Agreement of Rights and Obligations

THIS AGREEMENT (“Agreement”) is made by the Parties listed hereunder:

Transferor: Laifeng Anpulo (Group) Food Development Co., Ltd.

Address: Hangkong Road, Xiangfeng Town, Laifeng County

Transferee: Laifeng Fengming Manor Hotel Management Co., Ltd.

Address: No. 78 Qingfeng Shang Road, Xiangfeng Town, Laifeng County

WHEREAS:

 

Pursuant to the Build-Operate-Transfer Agreement for Reception Place Construction (the “BOT Agreement”) dated November 18, 2012 between Party A and the Government of Laifeng County, Party A shall have rights and obligations under the BOT Agreement, which are including but not limited to project construction, project operation and management, income rights, assets transfer and liquidation of debts upon expiration of the BOT Agreement, and enjoying rights and bearing obligations during the term of the BOT Agreement. On the basis of equality, free will and mutual consultation, Party A intends to transfer all the rights and obligations under the BOT Agreement to Party B and Party B agrees to be bounded by the BOT Agreement. Both parties agree on the terms and conditions set forth below:

Article 1 Price and Payment

 

1. As of the signing date of this Agreement, Party A has completed the hotel construction project located inside Qingfengshan garden. Both parties agree that the cost of the aforesaid hotel construction is RMB 17 million. Party B agrees to acquire all the rights and obligations under the BOT Agreement (including but not limited to the rights of operating and managing the completed hotel and other assets within the term of the BOT Agreement) at the price of RMB 17 million as transferring consideration.

 

  

  

  

 

2. Payment: The aforesaid transferring consideration of RMB 17 million shall be paid to Party A by Party B in three installments as below:

 

Down payment: Party B shall pay Party A RMB 2 million as deposit at the singing date of this Agreement;

 

Second installment: Party B shall pay Party A RMB 10 million within 30 days from the signing date of this Agreement;

 

Third installment: Party B shall pay Party A the balance of RMB 5 million before April 30, 2015.

Article 2 Rights, Obligations and Guarantee

 

1. Both parties agree that this Agreement will come into force upon a Confirmation Letter from the Government of Laifeng County.

 

2. Both parties agree that all the rights and obligations under the BOT Agreement will be transferred from Party A to Party B from the effective date of this Agreement, and Party B is willing to be bounded by the BOT Agreement and enjoys all rights and undertakes all responsibilities and obligations stipulated in the BOT Agreement. Party A shall be free from the binding of the BOT Agreement and shall not enjoy any rights or undertake neither responsibilities nor obligations stipulated in the BOT Agreement from the effective date of this Agreement.

 

3. Both parties confirm that all necessary consents and authorizations are obtained from its shareholders or board of directors pursuant to its articles of association (if any) before signing this Agreement.

Article 3 Burden of Costs

 

Any costs incurred in connection with the transfer under this Agreement shall be borne by both parties in accordance with relevant laws and regulations.

 

  

2

  

Article 4 Settlement of Disputes

 

1. Both parties agree to use their best endeavours to resolve any dispute arising from or relating to this Agreement through amicable consultations.

 

2. In the event that the Parties are unable to resolve such dispute through consultations, either party may file a suit to the court.

 

Article 5 Effective Conditions and Effective Dates

 

This Agreement will come into force upon signature and seal by both parties and a Confirmation Letter from the Government of Laifeng County. This Agreement is made in duplicate and each party holds one copy and each copy has equal legal effect.

Party A (Seal): /s/ Laifeng Anpulo (Group) Food Development Co., Ltd.

Signing date: April 20, 2014

 

Party B (Seal): /s/ Laifeng Fengming Manor Hotel Management Co., Ltd.

Signing date: April 20, 2014

 

  

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Translation

 

Confirmation Letter

We, the Government of Laifeng County hereby confirm the following matters: In consideration of the fact that we entered into the Build-Operate-Transfer Agreement for Reception Place Construction (the “BOT Agreement”) with Laifeng Anpulo (Group) Food Development Co., Ltd. on November 18, 2012, we give our approval for that Laifeng Anpulo (Group) Food Development Co., Ltd. transfers all the rights and obligations under the BOT Agreement to Laifeng Fengming Manor Hotel Management Co., Ltd., and we agree that the Transfer Agreement of Rights and Obligations between Laifeng Anpulo (Group) Food Development Co., Ltd. and Laifeng Fengming Manor Hotel Management Co., Ltd. is legal and valid. We confirm that we relieve Laifeng Anpulo (Group) Food Development Co., Ltd. from all the rights, obligations and responsibilities under the BOT Agreement and Laifeng Anpulo (Group) Food Development Co., Ltd. shall not be liable for such agreement modification. We expect that Laifeng Fengming Manor Hotel Management Co., Ltd. will strictly perform all the obligations and undertake all the responsibilities under the BOT Agreement.

/s/ The Government of Laifeng County

April 20, 2014

 

4ex10.19.htm

Exhibit 10.19

 

Translation

Application for Working Capital Loan Extensions for Loans from Laifeng County Small Business Loan Guarantee Company

 

Laifeng County Government:

Our Company has applied working capital loans from Laifeng County Small Business Loan Guarantee Company on March 14, 2013 (loan amount RMB 1.2 million), April 19, 2013 (loan amount RMB 3.5 million), and May 13, 2013 (loan amount RMB 3.5 million). The term of each loan is for one year, due on March 13, 2014, April 18, 2014, and May 12, 2014, respectively. Due to our working capital pressure, we’re having difficulties repay the above loans. To have our company function normal, not running into insolvency, we hereby request for one year loan extension for the above loans, and repay the above loans in 2015.

Regards,

Laifeng Anpulo (Group) Food Development Co., Ltd.

/s/ Laifeng Anpulo (Group) Food Development Co., Ltd.

March 27, 2014

 

Reply:

In consideration of your circumstances, I agree to extend your loans for another year.

Jun Xiang

/s/ Jun Xiang

County Head

April 12, 2014f8k053014ex10i_intercloud.htm

Exhibit 10.1

InterCloud Systems, Inc.

1030 Broad Street

Suite 102

Shrewsbury, NJ 07702

(561) 988-1988

 

May 30th, 2014

 

Gentlemen:

Reference is made to the INTEREST PURCHASE AGREEMENT, dated as of March 19, 2014 (the “Agreement”), made and entered into by and among VAULTLOGIX, LLC, a Delaware limited liability company (“VL”), DATA PROTECTION SERVICES, LLC, a Delaware limited liability company (“DPS”), U.S. DATA SECURITY ACQUISITION, LLC, a Delaware limited liability company (“USDSA”, and together with VL and DPS, the “Company”), LONDON BAY – VL ACQUISITION COMPANY, LLC, a Delaware limited liability company (“Holding Company”), TIER 1 SOLUTIONS, INC. (“Tier 1”, and together with Holding Company, the “Sellers”) and INTERCLOUD SYSTEMS, INC., a Delaware corporation (“Buyer”). Terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.

 

This letter will confirm our understanding and agreement that the Agreement shall be hereby amended such that the Final Termination Date, as defined in Section 9.1(d) of the Agreement, shall hereby be extended to July 25, 2014, contingent upon the payment of the amount of $500,000 in cash (the “Extension Fee”) to WestView Capital Partners II, L.P., as agent for the Company and the Sellers (the “Agent”), within ten (10) business days of receipt of each party’s signature to this letter agreement, and in no event later than June 13, 2014, at the following account:

 

	 	Bank: 	Sovereign Bank
	 	ABA #: 	011-075-150
	 	Account Name: 	WestView Capital Partners II, L.P.
	 	Account Number: 	10021930267
	 	Attn:  	Jennifer Theofanidis - 617-439-3281
	 	Reference:	VaultLogix

 

The payment of the Extension Fee shall be treated as a deposit on the Closing Date Cash Payment, and the Closing Date Cash Payment payable at Closing shall thereafter be reduced by the Extension Fee.  For the avoidance of doubt, upon payment, the Extension Fee shall be non-refundable.  In the event that the Extension Fee is not received by the Agent on or prior to the close of business on June 13, 2014, (i) the amendments contemplated hereby shall be null and void, as though never executed, and (ii) the Company shall be entitled to terminate the Agreement and receive the Break-Up Fee as set forth in Section 9.4 of the Agreement.  For purposes of a claim to the Break-Up Fee in the event that the Extension Fee is not received by the Agent on or prior to the close of business on June 13, 2014, the parties to this letter hereby agree that June 13, 2014 shall be the “Final Termination Date”, and further agree that the Company shall be entitled to the Break-Up Fee regardless of any other purported expiration or termination of the Agreement, provided that the other terms and conditions of Section 9.4 of the Agreement are satisfied.

 

  

  

  

 

Upon receipt of the Extension Fee by the Agent in cash, the parties hereto agree that the obligation of the Buyer to pay the Break-Up Fee under Section 9.4 of the Agreement shall be of no further force and effect, and Buyer shall have no obligation to pay such Break-Up Fee.

 

Except as amended by this letter agreement, the Agreement shall otherwise remain in full force and effect and the parties hereby jointly and individually, ratify and reaffirm the terms, covenants, representations, warranties and conditions thereof.

 

If the foregoing is in accordance with your understanding of our agreement, kindly sign and return this letter agreement, whereupon it will become a binding agreement between the parties to the Agreement in accordance with its terms.

 

	 	Very truly yours, 

INTERCLOUD SYSTEMS INC.

 

By: /s/ Mark E. Munro                                 

Name:  Mark E. Munro

Title:    Chief Executive Officer

 

  

  

  

 

 

Accepted and Agreed to this

30th day of May, 2014.

 

SELLERS:

LONDON BAY – VL ACQUISITION

COMPANY, LLC

By: /s/ Matthew T. Carroll                                  

Name:  Matthew T. Carroll

Title:    Authorized Person

TIER 1 SOLUTIONS, INC.

By: /s/ Timothy A. Hannibal                               

Name:  Timothy A. Hannibal

Title:    Authorized Person

COMPANY:

VAULTLOGIX, LLC

By: /s/ Timothy A. Hannibal                              

Name:  Timothy A. Hannibal

Title:    Secretary

DATA PROTECTION SERVICES, LLC

By: /s/ Timothy A. Hannibal                              

Name:  Timothy A. Hannibal

Title:    Secretary

U.S. DATA SECURITY ACQUISITION, LLC

By: /s/ Timothy A. Hannibal                               

Name:  Timothy A. Hannibal

Title:    Secretary

 

 

[Signature Page to Extension Letter]

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