Document:

Exhibit 10.2

 

STOCK
PURCHASE AGREEMENT

 

This
STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of January 18, 2022 by and among DSS, Inc., a
New York Corporation, or its designated subsidiary (collectively, the “Buyer”), and Alset EHome International,
Inc. and its subsidiaries (collectively, the “Seller”).

 

RECITALS

 

WHEREAS,
Seller and Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by
Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation
D (“Regulation D”) as promulgated under the Securities Act; 

 

WHEREAS,
True Partner International Limited (“True Partner International”) is the owner of 62,122,908 shares of common
stock True Partner Capital Holding Limited, a Cayman Islands company (“True Partner”);

 

WHEREAS,
Seller is the owner of 100% of the shares of common stock of True Partner International and the beneficial owner of the 62,122,908 shares
of common stock of True Partner held by True Partner International;

 

WHEREAS,
the Seller wishes to sell 100% of the common stock of True Partner International (the “True Partner International Common
Stock”) and 62,122,908 shares of common stock, HK$0.01 par value per share, of True Partner (the “True Partner
Common Stock,” and, together with the True Partner International Common Stock, the “True Partner Shares”)
to Buyer in exchange for 11,397,080 shares of common stock, $0.02 par value per share, of the Buyer (the “DSS Common Stock”),
upon the terms and conditions set forth in this Agreement.

 

WHEREAS,
the Buyer wishes to purchase 62,122,908 shares of True Partner Common Stock from Seller in exchange for 11,397,080 shares of DSS Common
Stock, upon the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, Seller and Buyer hereby agree as follows:

 

1.
SALE AND PURCHASE OF SHARES.

 

1.1
SALE. On the terms and subject to the conditions set forth in this Agreement, at the Closing Seller will sell, convey, transfer and
assign to Buyer, free and clear of all liens, pledges, encumbrances, changes, restrictions or known claims of any kind, nature or description,
and Buyer will purchase and accept from Seller, the 62,122,908 shares of True Partner Common Stock, in the aggregate (the “True
Partner Shares”),

 

    	1

     

    

 

1.2
PURCHASE. In consideration therefor, Buyer will convey, transfer and assign to Seller, and Seller will accept from Buyer, 11,397,080
shares of newly-issued shares of DSS Common Stock, in the aggregate (the “DSS Shares”) (such purchase and sale
referred to as the “Purchase”).

 

2.
REPRESENTATIONS AND WARRANTIES.

 

2.1
REPRESENTATIONS AND WARRANTIES BY THE SELLER. The Seller represents and warrants to Buyer as follows as of the date hereof:

 

(a)
Organization and Good Standing. Seller is duly organized, validly existing and in good standing under the laws of its jurisdiction
of incorporation or organization, as the case may be.

 

(b)
Requisite Power and Authority. Seller has all necessary power and authority to execute and deliver this Agreement and the other
agreements and instruments entered into or delivered by any of the parties hereto in connection with the transactions contemplated hereby
and thereby (the “Transaction Documents”) and to carry out their provisions. All action on Seller’s part
required for the execution and delivery of this Agreement and the other Transaction Documents has been taken. Upon its execution and
delivery, this Agreement and the other Transaction Documents will be valid and binding obligations of Seller, enforceable in accordance
with their respective terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of
general application affecting enforcement of creditors’ rights, and (b) as limited by general principles of equity that restrict
the availability of equitable remedies.

 

(c)
No Violations. The execution and delivery of the Transaction Documents, and the consummation by the Seller of the transactions
contemplated thereby, does not (i) result in a violation of either the Certificate of Incorporation or By-laws of the Seller, or (ii)
constitute a default under (or an event which with notice or lapse of time or both could become a default) or give to others any rights
of termination, amendment or cancellation of, any material agreement, indenture or instrument to which the Seller is a party unless the
same shall have been waived or consented to by the other party, or result in a violation of any law, rule, regulation, order, judgment
or decree (foreign or domestic and including federal and state securities laws and regulations) applicable to the Company or by which
any material property or asset of the Seller is bound or affected other than any of the foregoing which would not have a Material Adverse
Effect.

 

    	2

     

    

 

(d)
Good Title. The True Partner shares owned by the Seller are owned free and clear of any lien, encumbrance, adverse claim, restriction
on sale, transfer or voting (other than restrictions imposed by applicable securities laws), preemptive right, option or other right
to purchase, and upon the consummation of the sale of such True Partner Shares as contemplated hereby, the Buyer will have good title
to such True Partner Shares, free and clear of any lien, encumbrance, adverse claim, restriction on sale, transfer or voting (other than
restrictions imposed by applicable securities laws), preemptive right, option or other right to purchase.

 

(e)
Investment Representations.

 

	 	(i)	Seller
understands that the DSS Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”)
or any other applicable securities laws. Seller also understands that the DSS Shares are being offered pursuant to an exemption from
the registration requirements of the Securities Act, under Section 4(2) and/or Regulation D of the Securities Act. Seller acknowledges
that the Buyer will rely on Seller’s representations, warranties and certifications set forth below for purposes of determining
Seller’s suitability as an investor in the DSS Shares and for purposes of confirming the availability of the Section 4(2) and/or
Regulation D exemption from the registration requirements of the Securities Act.
	 	 	 
	 	(ii)	Seller
has received all the information it considers necessary or appropriate for deciding whether to acquire the DSS Shares. Seller understands
the risks involved in an investment in the DSS Shares. Seller further represents that it, through its authorized representatives, has
had an opportunity to ask questions and receive answers from the Buyer regarding the terms and conditions of the offering of the DSS
Shares and the business, properties, prospects, and financial condition of DSS, Inc. and to obtain such additional information (to the
extent the Buyer possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy
of any information furnished to Seller or to which Seller had access. Seller further represents that it is an “accredited investor”
within the meaning of Rule 501(a) of the Securities Act.
	 	 	 
	 	(iii)	Seller
is acquiring the DSS Shares for its own account for investment only and not with a view towards their resale or “distribution”
(within the meaning of the Securities Act) of any part of the DSS Shares.
	 	 	 
	 	(iv)	Seller
understands that the DSS Shares may not be offered, sold or otherwise transferred except in compliance with the registration requirements
of the Securities Act and any other applicable securities laws or pursuant to an exemption therefrom, and in each case in compliance
with the conditions set forth in this Agreement. Seller acknowledges and is aware that the DSS Shares may not be sold pursuant to Rule
144 adopted under the Securities Act unless certain conditions are met and until Seller has held the DSS Shares for the applicable holding
period under Rule 144.

 

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	 	(v)	Seller
    acknowledges and agrees that each certificate representing the DSS Shares, or book entry made in lieu of certificates, shall bear
    a legend substantially in the following form:
	 	 	 
	 	 	“THE
    SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
    OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
    UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
    SUCH ACT AND SUCH LAWS.”

 

(f)
No Reliance. Seller has not relied on and is not relying on any representations, warranties or other assurances regarding DSS,
Inc. other than the representations and warranties expressly set forth in this Agreement.

 

2.2
REPRESENTATIONS AND WARRANTIES BY BUYER. Buyer represents and warrants to the Seller, as of the date hereof, as follows:

 

(a)
Organization and Good Standing. Buyer is duly organized, validly existing and in good standing under the laws of its jurisdiction
of incorporation or organization, as the case may be.

 

(b)
Requisite Power and Authority. Buyer has all necessary power and authority to execute and deliver this Agreement and the other
Transaction Documents and to carry out their provisions. All action on Buyer’s part required for the execution and delivery of
this Agreement and the other Transaction Documents has been taken. Upon its execution and delivery, this Agreement and the other Transaction
Documents will be valid and binding obligations of Buyer, enforceable in accordance with their respective terms, except (a) as limited
by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’
rights, and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

 

(c)
Issuance of DSS Shares. The DSS Shares have been duly authorized and, upon issuance in accordance with the terms hereof, shall
be validly issued and free from all taxes, liens and charges with respect to the issue thereof, and the DSS Shares shall be fully paid
and non-assessable with the holder being entitled to all rights accorded to a holder of DSS Common Stock.

 

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(d)
No Reliance. Buyer has not relied on and is not relying on any representations, warranties or other assurances regarding True
Partner other than the representations and warranties expressly set forth in this Agreement.

 

2.3
SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The representations and warranties shall survive the Closing for a period of 12 months
and shall be fully enforceable at law or in equity against the parties and each party’s successors and assigns.

 

3.
CLOSING. 

 

3.1
Conditions to Seller’s Obligations. The obligations of Seller under this Agreement, (including, without limitation, the obligation
to transfer the True Partner Shares) shall be subject to satisfaction of the following conditions, unless waived by Seller: (i) Buyer
shall have performed in all material respects all agreements, and satisfied in all material respects all conditions on its part to be
performed or satisfied hereunder, at or prior to the Closing; (ii) all of the representations and warranties of the Buyer herein shall
have been true and correct in all respects when made, shall have continued to have been true and correct in all respects at all times
subsequent thereto, and shall be true and correct in all material respects on and as of the Closing as though made on, as of, and with
reference to such Closing; (iii) Buyer shall have executed and delivered to Seller all documents necessary to issue the DSS Shares to
Seller, as contemplated by this Agreement; (iv) Buyer shall have obtained or made, as applicable, all consents, authorizations and approvals
from, and all declarations, filings and registrations required to consummate the transactions contemplated by this Agreement, including
all items required under the incorporation document and bylaws of Buyer; (v) Buyer shall have received authorization from the New York
Stock Exchange (the “NYSE”) for the issuance of the DSS Shares; and (vi) the shareholders of Buyer shall have approved this
Agreement, and the consummation of the transactions contemplated hereby, including the issuance of the DSS Shares, as and to the extent
required by applicable laws, the rules and regulations of the NYSE or by the provisions of any governing instruments.

 

3.2
Conditions to Buyer’s Obligations. The obligations of Buyer under this Agreement, (including, without limitation, the obligation
to issue the DSS Shares as payment for the transfer by Seller of the True Partner Shares) shall be subject to satisfaction of the following
conditions, unless waived by Buyer: (i) Seller shall have performed in all respects all agreements, and satisfied in all respects all
conditions on their part to be performed or satisfied hereunder, at or prior to the Closing; (ii) all of the representations and warranties
of Seller herein shall have been true and correct in all material respects when made, shall have continued to have been true and correct
in all material respects at all times subsequent thereto, and shall be true and correct in all material respects on and as of the Closing
as though made on, as of, and with reference to such Closing; (iii) Seller shall have executed and delivered to Buyer all documents necessary
to transfer the True Partner Shares to Buyer, as contemplated by this Agreement; and (iv) Seller shall have obtained or made, as applicable,
all consents, authorizations and approvals from, and all declarations, filings and registrations required to consummate the transactions
contemplated by this Agreement, including all items required under the incorporation document and bylaws of Seller.

 

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3.3
Closing Documents. At the Closing

 

(a)
Seller shall deliver to Buyer, in form and substance reasonably satisfactory to Buyer (i) a duly executed copy of this Agreement,
together with any other Transaction Documents (ii) certificates evidencing the True Partner Shares, together with stock powers duly
for such certificates to allow such certificates to be registered in the name of Buyer, or evidence of such book-entry transfer of
the True Partner Shares to Buyer; (iii) copies of resolutions adopted by the board of directors of Seller and certified by the
Secretary of Seller authorizing the execution and delivery of, and performance of Seller’s obligations under, this
Agreement.

 

(b)
Buyer shall deliver to Seller, in form and substance reasonably satisfactory to Seller (i) a duly executed copy of this Agreement,
together with any other Transaction Documents (ii) certificates evidencing the DSS Shares, together with stock powers duly for such
certificates to allow such certificates to be registered in the name of Seller, or evidence of such book-entry transfer of the DSS
Shares to Seller; (ii) copies of resolutions adopted by the board of directors of Buyer and certified by the Secretary of Buyer
authorizing the execution and delivery of, and performance of Buyer’s obligations under, this Agreement.

 

 4. MISCELLANEOUS.

 

4.1
ADDRESSES AND NOTICES. Any and all notices or other communications or deliveries required or permitted to be provided hereunder
shall be in writing and shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or
communication is delivered via e-mail transmission prior to 5:00 P.M., New York City time, on a trading day, (b) the next trading
day after the date of transmission, if such notice or communication is delivered via e-mail transmission on a day that is not a
trading day or later than 5:00 P.M., New York City time, on any trading day, (c) the trading day following the date of mailing, if
sent by U.S. nationally recognized overnight courier service with next day delivery specified, or (d) upon actual receipt by the
party to whom such notice is required to be given. The address and e-mail address for such notices and communications shall be as
follows:

 

	 	If
    to Buyer to:	DSS,
    Inc.

    6
    Framark Drive

    Victor,
    New York 14564

    Attention:
    Frank Heuszel

    Telephone:

    Email:

	 	 	 
	 	If
    to Seller to:	Alset
    EHome International Inc.

    4800
    Montgomery Lande, Suite 210

    Bethesda,
    Maryland 20814

    Attention:
    Michael Gershon

    Telephone:

    Email:

	 	 	 
	 	With
    copies to:	Sichenzia
    Ross Ference LLP

    1185
    Avenue of the Americas, 31st Floor New York, New York 10036

    Attention:
    Darrin M. Ocasio

    Facsimile
    No.:

    Email:

 

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Any
such person may by notice given in accordance with this Section 4.1 to the other parties hereto designate another address or person
for receipt by such person of notices hereunder.

 

4.2
TITLES AND CAPTIONS. TITLES AND CAPTIONS. All Article and Section titles or captions in this Agreement are for convenience only.
They shall not be deemed part of this Agreement and do not in any way define, limit, extend or describe the scope or intent of any provisions
hereof.

 

4.3
ASSIGNABILITY. This Agreement is not transferable or assignable by the undersigned.

 

4.4
PRONOUNS AND PLURALS. Whenever the context may require, any pronoun used herein shall include the corresponding masculine, feminine
or neuter forms. The singular form of nouns, pronouns and verbs shall include the plural and vice versa.

 

4.5
FURTHER ACTION. The parties shall execute and deliver all documents, provide all information and take or forbear from taking all
such action as may be necessary or appropriate to achieve the purposes of this Agreement. Each party shall bear its own expenses in connection
therewith.

 

4.6
APPLICABLE LAW. This Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard
to its conflict of law rules.

 

4.7
BINDING EFFECT. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, administrators,
successors, legal representatives, personal representatives, permitted transferees and permitted assigns. If the undersigned is more
than one person, the obligation of the undersigned shall be joint and several and the agreements, representations, warranties and acknowledgments
herein contained shall be deemed to be made by and be binding upon each such person and such person’s heirs, executors, administrators
and successors.

 

4.8
INTEGRATION. This Agreement constitutes the entire agreement among the parties pertaining to the subject matter hereof and supersedes
and replaces all prior and contemporaneous agreements and understandings, whether written or oral, pertaining thereto, including without
limitation, the Prior Agreement. No covenant, representation or condition not expressed in this Agreement shall affect or be deemed to
interpret, change or restrict the express provisions hereof.

 

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4.9
AMENDMENT. Neither this Agreement nor any term or provision hereof may be amended, modified, waived or supplemented orally, but only
by a written consent executed by the parties hereto.

 

4.10
CREDITORS. None of the provisions of this Agreement shall be for the benefit of or enforceable by creditors of any party

 

4.11
WAIVER. No failure by any party to insist upon the strict performance of any covenant, agreement, term or condition of this Agreement
or to exercise any right or remedy available upon a breach thereof shall constitute a waiver of any such breach or of such or any other
covenant, agreement, term or condition.

 

4.12
RIGHTS AND REMEDIES. The rights and remedies of each of the parties hereunder shall be mutually exclusive, and the implementation
of one or more of the provisions of this Agreement shall not preclude the implementation of any other provision.

 

4.13
COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of
this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. In the event that any
signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall
create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and
effect as if such facsimile or “.pdf” signature page were an original thereof.

 

SIGNATURES
ON THE FOLLOWING PAGES

 

    	8

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed by their respective representatives hereunto authorized as
of the day and year first above written.

 

	 	By
    Seller:
	 	 
	 	ALSET
    EHOME INTERNATIONAL INC.
	 	 
	 	By:	/s/
    Heng Fai Ambrose Chan
	 	Name:	Heng
    Fai Ambrose Chan
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	By
    Buyer: 
	 	 
	 	DSS,
    INC.
	 	 
	 	By:
     	/s/    Frank D. Heuszel
	 	Name:
    	Frank
    D. Heuszel
	 	Title:
    	Chief
    Executive Officer

 

    	9eml_ex101.htm

EXHIBIT 10.1
  
 TERMINATION AGREEMENT
  
 THIS TERMINATION AGREEMENT is made and entered into as of January 14, 2022 by and between THE EASTERN COMPANY, (the “Employer”) a Connecticut corporation with principal offices at 112 Bridge Street, Naugatuck, CT  06770, and JAMES P. WOIDKE (the “Executive”.)
  
 1.            Termination Benefits. The Executive is an “at will” employee of the Employer.  The Employer may terminate the Executive by giving two (2) weeks prior written notice to Executive.  If Executive’s employment is terminated without Good Reason or in the event of Constructive Termination, the Executive is entitled to:
  
 (a)    Any accrued compensation, to be paid to Executive in full in accordance with the Employer’s normal payroll practices.
  
 (b)   An amount equal to one time the sum of: (i) Executive’s annual base salary; and (ii) an estimate of the Executive’s annual bonus for the year of Executive’s termination date, based on percent achievement against pro-rata targets, to be paid within 30 days of the Executive’s last day of employment. (For example, if at the time of termination, the Executive has achieved 105% of Plan performance as of the termination date, the Executive will be eligible for 105% times the full annual target bonus.)
  
 (c)    Vesting of all equity and equity-based awards granted under the Employer’s stock incentive plans, to be computed on the Executive’s last day of employment and distributed within 90 days of the Executive’s last day of employment.
  
 2.            Requirements.  In order to be eligible to receive benefits under Section (1), Executive must deliver to Employer an executed release and waiver, a non-competition agreement with a term of twenty-four (24) months, and a resignation from all offices, directorships and fiduciary positions with Employer, its Affiliates and employee benefit plans, within 14 days following the last day of Executive’s employment.
  
 3.            Definitions
  
 (a)    Good Reason means repeated failures by Executive to comply in a material respect with the written policies or directives of the CEO or the Board of Directors; the Executive’s physical incapacity to perform his duties for any cumulative period of 90 days, unless due to a disability; Executive’s conviction, guilty plea or confession to any felony, or any act of fraud, misappropriation or embezzlement; or Executive’s fraudulent act.
  
 (b)   Constructive Termination means a material adverse change in Executive’s position, responsibilities or compensation, provided that the change does not occur in connection with the termination of Executive’s employment for Good Reason.
  
 [The signature page follows.]
  
 	 
	 1

	

	 

  
 [Signature Page to Termination Agreement]
  
 IN WITNESS WHEREOF, this Agreement has been executed by.
  
 	  
	 THE EASTERN COMPANY
  

	  
	 By:
	 /s/August M. Vlak

	  
	  
	 August M. Vlak
 President & Chief Executive Officer
 Date:  January 14, 2022

  
 	  
	 EXECUTIVE
  

	  
	 By:
	 /s/James P. Woidke

	  
	  
	 James P. Woidke
 Chief Operating Officer
 Date: January 14, 2022

  
  
  
 	 2

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