Document:

EXHIBIT 4.26

 

AGREEMENT PERMITTED TO USE WITH
(2) YEARS PERMISSON ORDER FOR LAND

 

AND BUILDING UNDER CONTRACTUAL
LICENSEE PLEDGE

 

On                      2016(C.E), the
Land and Building Owner and Contractual Licensee, who receives the Right of Use with Permission Order, under the Pledge made/executed
this Agreement permitted to use for (2) years with the Permission Order under the Pledge at Aung Yadanar Phyo Commercial Company
Limited of No. 21 (A), Thiri Mon Housing, Bayintnaung Main Road, (15) Ward, Hlaing Township, Yangon Region, as follows;-

 

	LAND AND BUILDING	: U KHIN HLA
	 	 
	OWNER	: 12/Pa Za Ta (Naing) 024203
	 	 
	(Person, who let to use	: No.21(A), Thirimon Housing,
	 	 
	With Permission order	  Hlaing Township, Yangon Region.
	 	 
	Under Pledge)	 
	 	 
	LAND AND BUILDING	: KAYSER MYANMAR MANUFACTURING CO.,LTD.
	 	 
	USER	  No. 259, Plot No. (25), Mekhayar Min Thar  Gyi Street,
	 	 
	(With Permission order	  Shwe Lin Ban Industrial Zone,
	 	 
	Under Pledge)	  Hlaing Thar  Yar Township, Yangon Region.

 

(In saying as the
above stated Land and Building Owner (Person, who let to use with Permission Order under Pledge), the Owner of Land/ Building himself
and his wife, Sons/Daughters etc., Family Members, etc., Right of Heirs, Persons with Possession Rights in concern with Land must
be noted, as included.)

 

(In saying as the
Person who using with Permission Order the Land and Building, Managing Director and Directors, Staffs, Authorised Representatives,
All Assignees from KAYSER MYANMAR MANUFACTURING CO.,LTD must be noted, as included.)

 

1.             Out of the so called Big Land
Plot Land Plot No. 259, Land Measurement Ward. No. 25, Mekhatyar Min Thar Gyi Street, Shwe Lin Ban Industrial Zone, Hlaing Thar
Yar Township, Yangon Region, Part of it measuring 20,000 Sq.ft Land Plot and Building on it, is agreed to use with Permission Order
under Pledge, by Owner to KAYSER MYANMAR MANUFACTURING CO.,LTD., and this Agreement is executed accomplished.

 

     

     

    

 

2.             Under the Pledge for this Agreement,
List of Materials Heading Permitted to use with Permission Order, it is agreed to for the land Plot and Building on it at the Rate
of Ks 8,000,000.00(Kyat Eight Million only)per Month for the period of (2)years(24-months)from 1.1.2017 to 31.12.2018.

 

ANNEXTURE OF

 

AGREEMENT PERMITTED TO USE WITH
2 YEARS PERMISSION ORDER FOR LAND

 

AND BULDING UNDER CONTRACTUAL LICENSEE
PLEDGE

 

Therefore
for 24 months, from (1.1.2017) to (31.12.2018) used with Permission order under the Pledge, Ks-192,000,000.00(Kyat One Hundred
and Ninety Two Million only) as an exchange rate of Ks-1189 (Kyat One Thousand and One Hundred Eighty Nine only) per 1 USD
must be settled to Owner U Khin Hla by the person with Using Right for the land and Building with Permission Order under Pledge,
within 15 days From (17.8.2016) to (31.8.2016) Agreement Execution Day.

 

Provisions to be followed / accomplished
by the person using with Permission Order the land and Building under Pledge

 

3.             Person using the land and Building
with Permission Order and Pledge shall do/ accomplish the Businesses, Legally taken for Permission Order from the Myanmar Investment
Commission, according to the Existing Laws in the Land and Building with the Accomplishment Right. In accomplishing the Permitted
Businesses, the Laws, By Laws Orders, Directives and Fixed Provisions issued by the Concerning Authorities of the Republic of the
Union of Myanmar.

 

4.             During the Period, in which it
is permitted with this Agreement, KAYSER MYANMAR MANUFACTURIONS CO., LTD using with the Permission Order must pay / deposit the
Due Taxes in relation with the Business completely without leaving Any Debt.

 

5.             Due Monies for Electricity Use
must be paid proportionately by the Person using with Permission Order. But the Meter Maintenance Charge must be paid 50% each
by the Land and Building Owner and the User with Permission Order.

 

    	 	- 2 - 	 

     

    

 

6.             In the Building with Accomplishment
Right of Use with Permission Order, the Original Entrances are already in East, West and North. But only the North Entrance and
Compound Entrance shall be permitted for Use, when Heavy Machineries to be used enter/leave the Factor.

 

In the Remaining
Times, East Gate and North Gates shall absolutely permitted to use. The Gates shall be closed Full Time.

 

7.             Person using with Permission Order
under Pledge, shall not Sub Transfer , Sub- lease the personally Using Land and Building under Pledge and Permission Order, including,
No Right to plan, transfer.

 

8.             Person
using with Permission Order under this Agreement has No Right to accomplish Any Business in the personally using Land and Building
that shall cause Impact/ Loss to the Owner. If unwanted Problems occur, Person using with
Permission Order shall have to solve/accomplish so that there shall be No Losses to the Owner.

 

9.             Land and Building given Permission
for Use with Permission Order under this Agreement are confessed to deliver back by the User with Permission Order on the Fixed
Expiry Date(31.12.2018) included in this Agreement (If it fails to deliver back on (31.12.2018) for the Exceeding Used Days, the
Person using under Permission Order shall have to compensate the Owner at the rate of Ks-500,000/(Kyat five Lakhs Only) per day.

 

10.           Before Completion of Permitted
Period with this Agreement, the Person using under Permission Order leaves on Own Will from the Land and Building using under Permission
Order, the Money settled under this Agreement must not claim back the Money paid under this Agreement.

 

11.           If the Person using with Permission
Order under the Pledge exactly comply with/ accomplish/use according to the Provisions included in this Agreement and if on Any
Matter of the Land and Building Owner, before the Permitted Use Period Expiration for the Land and Building, acknowledges and let
them leave in (6)months advance from the Land and Building, the Settled Monies for the Use of Land and Building of the Remaining
Period together with (6)months Using Money in addition must be paid as Compensation.

 

    	 	- 3 - 	 

     

    

 

12.           Repair, Extension Construction
of the Building under Business Need of Land and Building permitted for Use under Pledge according to Fixed Standards must be agreed/permitted.

 

13.           After expiration of Permitted
Period in the Agreement used with Permission Order under Pledge, if land and building is wanted to use further on it must be acknowledge/
inform to the Owner at least in (6)months advance and accomplish for Extension Period.

 

In making period
Extension, Both Sides shall negotiate/extend/amend/fix the using Right, Periodical Value, according to Present Period Condition.

 

14.           If Land and Building used with
Permission Order with Pledge causes Major damage/ Loss because of Natural Disaster,the Using Charges for the Remaining Period,
does not need to return by the Land and Building Owner to the User with Permission Order. If there is Minor Loss/damage occurs,
the Land and Building Owners must repair back during the agreed/negotiated/fixed period.

 

15.           In executing this Agreement and
Extension Agreement, Revenue Stamp Fees, Court Fees, if Registered, Registration Expenses and all the Servicing Expenses must be
borne by the Person using with Permission Order.

 

16.           Permission Granted to this Land
and Building for the Use with this Agreement, is given only with the Permission Order under the Contractual Licensee Pledge and
it is agreed to note, it is not leased by the Owner to KAYSER MYANMAR MANUFACTURING CO., LTD.

 

17.           If user want yearly Renovation
of Building regularly, must be paid by the user, by bearing the Expenses.

 

Damage because of
Accomplishment of User with Permission Order under Pledge, must be amended made with own Money of the User with Permission Order
under Pledge, by bearing the Expenses.

 

18.           List of material permitted
for use with Permission Order under Pledge

 

(a)           Part of the land, measuring (20,000)Sq.ft
out of the so-called bid land plot at No.(259), Land Measurement ward (25). Mekhayar Min Thar Gyi Street, Shwe Lin Pan Industrial
Zone, Hlaing Thar Yar Township, Yangon Region and the Building on the Land Plot, according to the Attached Map.

 

    	 	- 4 - 	 

     

    

 

(b)           Uses of Water Electric, within Building .

 

Out of the Expressions
included in this Agreement, the Meanings (Owner) User with Permission Order under Pledge and Witnesses are personally read, known
understood and can be accomplished, complied with, without Anyone’s Urge, Persuasion, Unlawful Use of Power, Cheating, Wornly
Talking, T hreat, it is signed/ sealed in the Presence of the following Witnesses on Own Free, Independent Wills.

 

	PERMISSON GIVER ON PERMISSION	USER WITH PERMISSION ORDER
	 	 
	ORDER UNDER PLEDGE	WITH PLEDGE
	 	 
	/S/U San Yu Aung	/S/ Daw Cho Mar
	 	 
	U KHIN HLA	KAYSER MYANMAR MANUFACTURING CO.,LTD.
	 	 
	(LAND AND BUILDING OWNER)	 
	 	 
	17 Aug 2016	17 Aug 2016

 

WITNESSES

 

	Name	U San Yu Aung	 	Name	Daw Cho Mar
	 	 	 	 	 
	Father Name	U Khin Hla 	 	Father Name	U Kyaw Tin
	 	 	 	 	 
	Registration No	12/Pa Za Ta(N)001562	 	Registration No	5/Ka La Na(N)033544
	 	 	 	 	 
	Occupation  	Managing Director	 	Occupation	Accountant
	 	 	 	 	 
	Aung Yadanar Phyo 	Commercial Company Limited	 	KAYSER MYANMAR 	MANUFACTURING CO., LTD

 

    	 	- 5 - 	 

     

    

 

As the Expressions included
in this Agreement are read/known/understood, the Agreement is executed. Land and Building Owner and User with Permission Order
under Pledge, approved/sign in the Presence of the following Witnesses and User with Permission Order under Pledge sealed the Left
Thumb Seal.

 

DANUBYU U THAN SWE

LL.B,LL.M (Q), H.G.P, Advocate

Company Advisor, Bank Advocate &
Advocate (Serial No.2868/84)

(Thesis of Laws)

Office/Bldg.-9, Room 103(E), First Floor,
36th Short Street, Kyauktada Township,

Residence-No.165 (5-A), Nutmauk Street,
Kantawgyi Pat Street, Tamwe Township,

Yangon.

PH-09 425277524, 09 799700199, 098534536Exhibit 4.27

 

 

Our Ref:      LN/170102 

Company Licence No. : C-005253

In reply C
     Please quote our reference number on the letter and envelope.

 

	17 January 2017	DIRECT FAX : 2827 0821
	 	 
	Kayser Limited,	SUBJECT TO SIGNING OF THE
	Units 1823-1823A, Level 18,	DOCUMENT(S) OF LETTING(S)
	Landmark North,	REFERRED TO HEREIN BUT
	39 Lung Sum Avenue,	WITHOUT PREJUDICE TO (IF
	Sheung Shui, New Territories.	ANY) THE PRECEDING
	 	CONFIRMATION(S)
	 	OF TENANCY OR
	Attn: Ms. Vivian Cheung	PRELIMINARY
	 	AGREEMENT(S) FOR LETTING

 

Dear Sirs,

 

		Re :	Tenancy Renewal of Units 1823-1823A, Level 18,
Landmark North

 

As relating and incidental to the captioned
matter, we send you herewith (in duplicate) the draft for the Tenancy Agreement for the captioned premises (“the Tenancy
Agreement”) for your early perusal. Please however note that the enclosed draft was prepared based on our standardised letting
agreement and we, for the sake of administrative unity, are not prepared to consider and accept any substantial amendment(s) proposed
thereto.

 

The enclosed draft is in English. You have
right to make your own arrangement to have it translated or interpreted to enable you to thoroughly understand the content and
to take legal advice from your lawyer(s) on the matter. If you accept the content of the enclosed draft, please take them as engrossments
for signing purpose.

 

Please bear in mind that the Tenancy Agreement
must be signed by you on or before 23 February 2017 (“the Signing Date”). We like to give you early notice that
the stamping and, if applicable, registration of the Tenancy Agreement duly signed or executed by the parties thereto will be attended
to by us. You are therefore required to, on or before the Signing Date, return and send to us the following :-

 

		1.	The Tenancy Agreement (in duplicate) duly signed or executed by you and as witnessed;

 

		2.	Copy of your Memorandum and Articles of Association and a certified true copy (by your director
or a solicitor) of the Minutes of your Board Meeting sanctioning and approving your entering into with us and signing of the Tenancy
Agreement and of your latest Annual Return;

 

.../2

 

 

     

     

    

 

 

Page 2

 

Kayser Limited

Attn: Ms. Vivian Cheung

 

		3.	Your share of costs and disbursements as follows : -

 

	 	3.1	Disbursement	HK$800.00	(Cheque to be made payable to Sun Hung Kai Real Estate Agency Ltd)
	 	 	 	 	 
	 	3.2	1⁄2 share
    of the stamp duty	HK$1,300.50	(Cheque to be made payable to The Government of The HKSAR)
	 	 	 	 	 
	 	3.3	1⁄2 share of the registration
    fee	HK$105.00	(Separate cheque to be made payable to The Government of The HKSAR)

 

Should you have any query, you may seek independent legal advice
or contact us.

 

We like to take this early opportunity
to advise that we shall not accept imposition on us by you or your solicitors undertaking to return to you or to your solicitors
your part of the Tenancy Agreement signed or executed and stamped (and, if applicable, registered) within a stipulated period of
time. Any such undertaking, even if imposed, shall be ignored and have no effect whatsoever.

 

Yours faithfully

For and on behalf of

SUN HUNG KAI REAL ESTATE AGENCY LTD

 

	/s/ Janet Ho	 
	JANET HO
	Assistant General Manager - Leasing 
	Office Leasing Department

 

JH/KT/Cw/bc

 

Encl

 

 

     

     

    

 

 

Our Ref:     OL-MB 

Company Licence No: C-005253

	In reply     C
          Please quote our reference number on the letter and envelope.	Direct Fax: 2827 0821

17 January 2017

 

Kayser Limited,

Units 1823-1823A, Level 18,

Landmark North,

39 Lung Sum Avenue,

Sheung Shui, New Territories.

 

Attn: Ms. Vivian Cheung

 

Dear Sirs,

 

		Re:	Tenancy Renewal

			Units 1823-1823A, Level 18, Landmark North (“the said building”) (“the
said premises”)

 

We refer to the renewal of the tenancy
in respect of the said premises and we would like to confirm the Landlord’s offer to renew the said tenancy on the broad
terms and conditions as follows:-

 

	Landlord	:	SHK SHEUNG SHUI LANDMARK INVESTMENT LIMITED
	 	 	 
	Landlord’s Agent	:	Sun Hung Kai Real Estate Agency Ltd,
	 	 	Room 408, 4/F, Sun Hung Kai Centre,
	 	 	30 Harbour Road, Hong Kong.
	 	 	 
	Tenant	:	Kayser Limited,
	 	 	Unit 1803A, 18th Floor,
	 	 	Landmark North,
	 	 	39 Lung Sum Avenue,
	 	 	Sheung Shui, New Territories.
	 	 	 
	Premises	:	Units 1823-1823A, Level 18,
	 	 	Landmark North,
	 	 	39 Lung Sum Avenue,
	 	 	Sheung Shui, New Territories.
	 	 	 
	Gross Area	:	Approx 2,080 sf(G).

 

.../2

 

 

     

     

    

 

 

Page 2

 

Kayser Limited

Attn: Ms. Vivian Cheung

 

	Term	:	THREE (3) YEARS commencing on 21 March 2017 and expiring on 20 March 2020 (both days inclusive).
	 	 	 
	Rent	:	Year 1, HK$41,600.00 [i.e. approx @HK$20.00 psf (G)] per month.
	 	 	 
	 	 	Year 2, HK$42,848.00 [i.e. approx @HK$20.60 psf (G)] per month.
	 	 	 
	 	 	Year 3, HK$45,344.00 [i.e. approx @HK$21.80 psf (G)] per month.
	 	 	 
	 	 	Payable monthly in advance, exclusive of air-conditioning and management charges, rates and other outgoings, which are payable by the Tenant.
	 	 	 
	Air-conditioning and Management Charges	:	Currently at HK$10,088.00 per month (inclusive of provision of management service and standard hours air-conditioning supply), payable monthly in advance and subject to revision prior to the commencement of and during the said term.
	 	 	 
	 	 	The Landlord’s standard hours of air-conditioning supply will be from 0800 hours to 1900 hours daily from Mondays to Fridays and from 0800 hours to 1400 hours for Saturdays. No standard hours of air-conditioning supply is provided on Sundays and Public Holidays. The Tenant’s demand for extra air-conditioning outside the abovesaid hours shall be subject to the Landlord’s approval and surcharge therefor imposed by the Landlord or the manager.
	 	 	 
	Deposit	:	Three months’ rent and air-conditioning and management charges  at  HK$166,296.00.     The  existing  deposit  of HK$151,008.00 shall be transferred and be applied to pay the deposit payable hereunder and the short-fall of deposit of HK$15,288.00 shall be paid by the Tenant upon signing of this offer letter (“the initial deposit”). No interest is payable on the initial deposit.

 

.../3

 

 

     

     

    

 

 

Page 3

 

Kayser Limited

Attn: Ms. Vivian Cheung

 

	Tenancy Agreement	:	It is a condition of the agreement constituted by your acceptance of the offer made herein that the new Tenancy Agreement shall be signed by you on or before 23 February 2017. If the new Agreement is not signed by you and returned to us on or before the said date and/or if you have breached any term or condition hereof, the agreement constituted as aforesaid shall be considered to have been breached by you and the Landlord shall be entitled to cancel and terminate the proposed renewal of letting and the said agreement with immediate effect by notice to you in writing and (if any) the initial deposit paid will be forfeited as liquidated damage, but not penalty, to compensate the loss sustained by the Landlord in keeping the said premises available to you, but without prejudice to the Landlord’s right to make claim against you for damages not being set off or covered by (if any) any deposit forfeited or to, as the Landlord will deem fit so to do as an alternative remedy,  enforce performance  of the  said agreement by you.
	 	 	 
	Legal Cost, Stamp Duty & Disbursement	:	Each party shall pay its own legal costs but stamp duty shall be shared equally between the parties. The Tenant shall also pay to the Landlord a sum of HK$800.00 as contribution towards the disbursement incurred from this letting.
	 	 	 
	User	:	For Office use only.
	 	 	 
	Rent-free Period	:	There will be no rent-free period during the term of the tenancy.
	 	 	 
	Handover Condition	:	The Tenant shall take the said premises in its “as-is” state and condition, and shall at its own costs reinstate the said premises in a “bare shell” state and condition upon expiry or earlier termination of this Tenancy.

 

.../4

 

 

     

     

    

 

 

Page 4

 

Kayser Limited

Attn: Ms. Vivian Cheung

 

	Rights of Third Party	:	(a)	Save as provided in sub-clause (b) below, the Landlord and the Tenant do not intend any term of this Agreement to be enforceable pursuant to the Contracts (Rights of Third Parties) Ordinance (Cap.623) (the “Rights of Third Parties Ordinance”).
	 	 	 	 
	 	 	(b)	Subject to the provisions contained in this Clause, each of the following third parties (each being a “Designated Third Party”) shall have the benefit of and may enforce this Agreement pursuant to the Rights  of Third Parties Ordinance:-
	 	 	 	 
	 	 	 	(i) the manager of the said building; and
	 	 	 	 
	 	 	 	(ii) the Landlord’s successor(s) in title and assign(s).
	 	 	 	 
	 	 	(c)	This Agreement may be varied from time to time or (where such right of rescission exists) rescinded without the consent of any Designated Third Party or any other person who is not a party to this Agreement and section 6(1) of the Rights of Third Parties  Ordinance shall not apply to this Agreement.

 

.../5

 

 

     

     

    

 

 

Page 5

 

Kayser Limited

Attn: Ms. Vivian Cheung

 

Trusting the above terms and conditions
are acceptable to you, we shall be glad if you could confirm your acceptance of the said terms and conditions by signing and returning
the duplicate of this letter to us together with your cheque payable to “Sun Hung Kai Real Estate Agency Ltd” for the
initial deposit (i.e. HK$15,288.00) on or before 23 February 2017, failing which this offer will lapse automatically. We stress
that time shall be of the essence hereof. Your acceptance hereof in the said manner shall constitute valid and binding agreement
between you and the Landlord for the renewal of letting of the said premises on the broad terms and conditions contained herein.

 

Yours faithfully

For and on behalf of

SUN HUNG KAI REAL ESTATE AGENCY LTD

 

	/s/ Janet Ho	 	We confirm our acceptance to the
	JANET HO	above terms and conditions
	Assistant General Manager - Leasing 	 
	Office Leasing Department	 
	 	 
	JH/KT/CW/bc	(Signed with Co. Chop)
	 	 
	 	Date:

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