Document:

Exhibit

Exhibit 10.1

Modification to Compensation Payable to Non-Employee Directors

Upon the recommendation of the Compensation Committee of the Board of Directors of MFA Financial, Inc. (the “Company”), which was based on its review of relevant market data, on May 24, 2017, the Board approved the following modification to the compensation payable to the non-employee directors serving on the Company’s Board, effective as of such day:  

		
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	An increase from $100,000 to $150,000 in the grant date value of the annual grant of fully-vested shares of the Company’s common stock or fully-vested restricted stock units made to each non-employee director.  

Except as described above, neither the Compensation Committee recommended, nor the Board approved, any other modifications to the compensation payable to non-employee directors, which has been previously disclosed by the Company (including in Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, and Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016).EMPLOYMENT
CONTRACT

 

EMPLOYMENT
CONTRACT (“Contract”‘), between Greenpro Holding Limited which is a wholly owned subsidiary of Greenpro
Capital Corp., a Corporation incorporated in Nevada. United States of America, with a business office at Rm 1701-, 17/F, The Metropolis
Tower, 10 Metropolis Drive, Hung Hom, Hong Kong (hereinafter referred as “GREENPRO”), and Mr. LOKE Che Chan, Gilbert
of HKID: P05566(2) of 7A, Lechler Court, 97 High Street, Sai Ying Pun, Hong Kong (hereinafter referred as “Gilbert”).

 

WHEREAS,
GREENPRO wishes to engage the services of Gilbert as Chief Financial Officer and,

 

WHEREAS,
Gilbert is willing to provide his services and to undertake the duties and responsibilities described below and to enter into
this Contract for such period upon the terms and conditions hereinafter set forth

 

NOW,
THEREFORE, in consideration of the mutual covenants and conditions herein contained, all prior Contracts between the parties arc
waived and of no further effect, and the parties to this Contract agree as follows:

 

	1.	EMPLOYMENT

 

GREENPRO
shall contract with Gilbert, and Gilbert shall serve as Chief Financial Officer during the term of employment set forth in Paragraph
2 of this Contract. GREENPRO is engaged in the Asia Pacific region, covering including Hong Kong, China, Malaysia, Singapore,
Indonesia, Thailand, Taiwan, etc., in providing services such as corporate advisory, financial review and asset protection, and
Gilbert shall serve GREENPRO as a key member of its’ management team to develop and operate such business.

 

	2.	TERM

 

The
term of this Contract shall be for the period of three (3) years commencing on September 1, 2017 and ending August 31, 2020 and
any extension thereof.

 

	3.	JOB
                                         TITLE AND DUTIES

 

		3.1	Title
                                         and Duties

 

Gilbert
shall be designated by GREENPRO as Chief Financial Officer and during the term of this contract shall have responsibilities commensurate
with his title and position with GREENPRO. Concurrently, Gilbert shall be designated Chief Financial Officer of any and all subsidiaries,
associated companies, affiliated companies and related companies of GREENPRO. And during the term of this contract shall have
responsibilities commensurate with his title and position with GREENPRO. Gilbert shall devote his attention to, and exert his
best efforts in the performance of his duties hereunder, so as to promote the business of GREENPRO and other subsidiaries, associated
companies, and related companies. Further, the Company acknowledges that Gilbert retains his position as CFO of GREENPRO. CK is
required to spend a substantial amount of time in other country/territory or on site with clients of GREENPRO where necessary
or appropriate from time to time to carry out the job and duties properly and effectively.

 

		3.2	Confidential
                                         Information

 

Gilbert
shall not, directly or indirectly, or at any time, during the term of this contract hereunder or thereafter and without regard
to when or for what reason, if any, use or permit the use of any trade secrets, customers’ lists, or other information of,
or relating to GREENPRO, or any such subsidiary or affiliate in connection with any activity or business, except the business
of GREENPRO or any such subsidiary or affiliate and shall not divulge such trade secrets, customer’s lists, and information
to any person, firm, or corporation whatsoever, except as may be necessary in the performance of her duties hereunder or as may
be required by any applicable law or determination of any duly constituted administrative agency.

 

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	4.	COMPENSATION
                                         AND EXPENSES

 

		4.1	Salary

 

GREENPRO
shall pay Gilbert during the Term of Employment a total monthly salary (“salary”) of USD 13,000 i.e. US Dollar Thirteen
Thousand Only or an equivalent in Hong Kong Dollars.

 

		4.2	Business
                                         Expenses

 

GREENPRO
will reimburse Gilbert for all reasonable expenses properly incurred by Gilbert in the performance of his duties hereunder, upon
presentation of properly itemized charges, receipts and /or similar documentation, and otherwise in accordance with policies established
from time to time by the Board of Directors of GREENPRO.

 

		4.3	Housing
                                         Allowance

 

In
addition to his salary Gilbert shall be entitled to a monthly housing allowance of USD 2,000 or an equivalent amount in Hong Kong
Dollars, payable monthly. This allowance will be paid directly to Gilbert who will be responsible for negotiating and concluding
his own contractual arrangements for housing and making all relevant payments.

 

		4.4	Stock
                                         Options

 

Gilbert
will also be entitled to any other stock options as maybe authorized from time to time by the GREENPRO Directors. In the case
of a corporate takeover of GRRENPRO, all options will become fully vested immediately upon such an event occurring.

 

		4.5	Work
                                         Location

 

Gilbert’s
place of work shall be as agreed with the GREENPRO Board of Directors from time to time depending on the job requirement. Gilbert
is required to spend a substantial amount of time in other countries in the Asian Pacific Region, including Hong Kong, China,
Malaysia, Thailand, Taiwan, Singapore and Australia.

 

	5.	BENEFITS

 

		5.1	Holidays
                                         and Annual Vacation Leave

 

Gilbert
shall be entitled to all public holidays in the country/territories where he is located at the time, in addition, to annual vacation
leave which shall accrue on a pro rata basis during the contract term at the rate of eighteen (18) days per annum which vacation
and/or personal day(s) shall be taken by him at such time or times as are consistent with the needs of the business of GREENPRO.

 

		5.2	Health
                                         Insurance

 

Gilbert
shall be entitled to be enrolled in a corporate health insurance program which may be implemented by GREENPRO or one of its’
affiliates. The enrolment will be as at executive status and will entitle Gilbert to the same coverage as provided to other executives
of GREENPRO or its’ affiliates.

 

		5.3	Indemnification

 

Gilbert
shall be indemnified by GREENPRO to the fullest extent provided under the indemnification provisions of the By-Laws and/or Certificate
of Incorporation presently in existence, or, to the extent that the scope of such indemnification is greater, under any amendments
to the By Laws and/or Certificate of Incorporation. To the extent that GREENPRO obtains indemnification insurance for its officers
and/or directors, such insurance shall also cover Gilbert to the same extent.

 

	6.	TERMINATION
                                         AND SEVERANCE PAYMENT

 

		6.1	Termination

 

Upon
the occurrence of an event of termination (as hereinafter defined) during the period of Gilbert’s employment under the Contract,
the provisions of this Paragraph 6 shall apply. As used in this Contract an “event of termination” shall mean and
include any one or more of the following:

 

		6.2	Non
                                         Recruitment

 

Should
Gilbert terminate his employment with GREENPRO within the contract period, Gilbert agrees not to recruit any employee of GREENPRO
to work for either, (i) a new company established to engage in the same business of GREENPRO or (ii) with other Companies who
directly compete with GREENPRO for a period of 6 months.

 

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	7.	INTELLECTUAL
                                                                                                                                                            PROPERTY

 

Any
idea, invention, design, written material, manual, system, procedure, improvement, development or discovery conceived, developed,
created or made by Gilbert alone or with others relating to the business of GREENPRO or any of its’ subsidiaries or affiliates
during the contract period and whether or not patentable or registerable, shall become the sole and exclusive property of GREENPRO.
Gilbert shall disclose the same promptly and completely to GREENPRO and shall, during the employment period (i) execute all documents
required by GREENPRO for vesting in GREENPRO the entire right, title and interest in and to same, (ii) execute all documents required
by GREENPRO for filing and prosecuting such applications for patents, trademarks, service marks and/or copyrights as GREENPRO,
in its’ sole discretion, any desire to prosecute, and (iii) give GREENPRO all assistance it reasonably require, including
the giving of testimony in any suit, action or proceeding, in order to obtain, maintain and protect GREENPRO’s rights therein
and thereto.

 

	8.	ASSIGNMENT

 

This
Contract and any rights (including Gilbert’s Compensation) hereunder shall not be assigned, pledged or transferred in any
way by either party hereto except that GREENPRO shall have, with Gilbert’s consent, the right to assign its’ rights
hereunder to any third party successor in interest of GREENPRO whether by merger, consolidation, purchase of assets or stock or
otherwise. Any attempted assignment, pledge, transfer or other disposition of this Contract or any rights, interests or benefits
contrary to the foregoing provisions shall be null and void.

 

	9.	NOTICES

 

All
notices, requests, demands and other communications hereunder must be in writing and shall be deemed to have been duly given if
delivered by hand, sent by facsimile, or mailed by first class, registered mail, return receipt requested, postage and registry
fees prepaid to the applicable party and addressed as follows:

 

(i)
If to be sent to GREENPRO

Greenpro
Capital Corp.

Rm
1701-03, 17/F, The Metropolis Tower,

10
Metropolis Drive, Hung Hom, Hong Kong

 

(ii)
If to be sent to Gilbert

7A,
Lechler Court, 97 High Street, Sai Ying Pun, Hong Kong

 

	10.	SEVERABILITY

 

If
any provision of this Contract shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid or unenforceable,
such judgment shallnot affect, impair or invalidate the remainder of this Contract but shall be confined in its’ operation
to the jurisdiction in which it was made and to the provisions of this Contract directly involved in the controversy in which
such judgment shall have been rendered.

 

	11.	WAIVER

 

No
course of dealing and no delay on the part of any party hereto in exercising any right, power, or remedy under or relating to
this Contract shall operate as a waiver thereof or otherwise prejudice such party’s rights, powers and remedies. No single
or partial exercise of any rights, powers or remedies under or relating to this Contract shall preclude any other or further exercise
thereof or the exercise of any other right, power or remedy.

 

	12.	ENTIRE
                                         CONTRACT/GOVERNING LAW

 

This
Contract embodies the entire wider standing and supersedes all other oral or written Contracts or understandings, between the
parties regarding the subject matter hereof. No change, alteration, or modification hereof may be made except in writing signed
by both parties hereto. This Contract shall be construed and governed in all respect and shall at times be determined in accordance
with the laws Hong Kong.

 

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	13.	HEADINGS

 

The
headings of Paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation
of any of the provisions of this Contract.

 

IN
WITNESS WHEREOF, 

the
parties hereto have executed and delivered the Contract, consisting of four (4) pages on this 28 th day of July, 2017.

  

	For
    and on behalf of Greenpro Holding Limited 	 	Accepted and Agreed by:
	 	 	 	 
	By:	/s/ Lee Chong
    Kuang 	 	/s/
    Loke Che Chan, Gilbert 
		Mr.Lee
    Chong Kuang	 	LOKE
    Che Chan Gilbert
	 	Position:
    Director	 	Date:
    July 28, 2017
	 	Date:
    July 28, 2017	 	 

 

    	4

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