Document:

Exhibit 10.22

 

April 18, 2016

 

Menashe Shahar

 

Re:        First
Amendment to Letter Agreement between Full Spectrum Inc. (the “Company”) and Menashe Shahar (the “Executive”)
dated Sept. 24 2007 (the “Agreement”)

 

Dear Menashe,

 

Subject to and effective
upon the date (the “Effective Date”) that the Company becomes a reporting company under the Securities Act of 1933,
as amended, pursuant to the consummation of an underwritten initial public offering of its Common Stock (the “IPO”),
this letter agreement (this “Amendment”) hereby amends the Agreement.
This terms of this Amendment shall not take effect, and this Amendment shall be null and void, if the IPO does not occur prior
to Dec. 31, 2016.

 

Pursuant to this Amendment,
the following changes to the Agreement shall become effective on the Effective Date, as long as you remain employed by the Company
on such date and subject to any material changes in the scope of your services to the Company:

 

The term “Base Salary”
under section 2(a) of the Agreement shall refer to a base salary at the annual rate of $200,000.

 

Section 6 of the Agreement
shall be amended and replaced in its entirety with the following:

 

“Severance Compensation.
Notwithstanding the above, in the event that you are terminated by the Company without Cause or you terminate your employment due
to Constructive Termination, the Company will provide you the following compensation:

 

(a)          The
Company will pay you (i) your Accrued Obligations through the date of termination, and (ii) your continued Base Salary
for a period of twelve months following the date of termination.

 

(b)          For
the first six month period that you receive severance pay under this Section 6, your COBRA continuation coverage will be at the
same employee cost as such group health coverage is made available to covered active Company employees.

 

(c)          The
provision of the foregoing severance is conditioned upon receipt from you of a signed a general release and non-disparagement agreement
(the "Waiver and Release of Claims" in the form attached hereto as Exhibit A) and your continued
compliance with the terms of this Agreement.”

 

     

     

    

 

Subject to the recommendations
of the Compensation Committee of the Company’s Board of Directors, and in accordance with any terms and conditions the said
committee deems appropriate, you shall be entitled to an annual bonus.

 

You confirm that as of
the date on which your signature is affixed to this Amendment, the Company has complied with all of its obligations under the Agreement.

 

Except for the forgoing,
you agree that all other terms of your Agreement remain in full force and effect.

 

Your signature below confirms
your understanding of and agreement to all the statements contained in this Amendment.

 

	 	Very truly yours,
	 	FULL SPECTRUM INC.
	 	 	 
	 	By:	/s/
    Stewart Kantor
	 	Stewart Kantor, CEO
	 	 
	 	ACKNOWLEDGED AND AGREED
	 	 
	 	EXECUTIVE
	 	 
	 	/s/ Menashe
    Shahar
	 	Menashe Shahar, CTOExhibit 10.23

 

April 18, 2016

 

Mr. Guy Simpson

22402 Citation Court

Los Gatos, CA 95033

 

Re:        First Amendment to Letter Agreement
between Full Spectrum Inc. (the “Company”) and Guy Simpson (the “Executive”) dated Jan. 1, 2012 (the “Agreement”)

 

Dear Guy,

 

Subject to and effective
upon the date (the “Effective Date”) that the Company becomes a reporting company under the Securities Act of 1933,
as amended, pursuant to the consummation of an underwritten initial public offering of its Common Stock (the “IPO”),
this letter agreement (this “Amendment”) hereby amends the Agreement.
This terms of this Amendment shall not take effect, and this Amendment shall be null and void, if the IPO does not occur prior
to Dec. 31, 2016.

 

Pursuant to this Amendment,
the following changes to the Agreement shall become effective on the Effective Date, as long as you remain employed by the Company
on such date and subject to any material changes in the scope of your services to the Company:

 

The term “Base
Salary” under section 2(a) of the Agreement shall refer to a base salary at the annual rate of $200,000.

 

Section 6 of the Agreement shall be amended
and replaced in its entirety with the following:

 

“(a)        The Company
will pay you (i) your Accrued Obligations through the date of termination, and (ii) your continued Base Salary for a
period of twelve months following the date of termination.”

 

Subject to the recommendations
of the Compensation Committee of the Company’s Board of Directors, and in accordance with any terms and conditions the said
committee deems appropriate, you shall be entitled to an annual bonus.

 

You confirm that as
of the date on which your signature is affixed to this Amendment, the Company has complied with all of its obligations under the
Agreement.

 

Except for the forgoing,
you agree that all other terms of your Agreement remain in full force and effect.

 

Your signature below
confirms your understanding of and agreement to all the statements contained in this Amendment.

 

     

     

    

  

	 	Very truly yours,
	 	FULL SPECTRUM INC.
	 	 
	 	By:	 /s/
    Stewart Kantor
	 	Stewart Kantor, CEO
	 	 
	 	ACKNOWLEDGED AND AGREED
	 	 
	 	EXECUTIVE
	 	 
	 	/s/ Guy
    Simpson
	 	Guy SimpsonExhibit 4.29

 

	 	 	
        Agreement relating to Supplemental Agreement - Partial Prepayment

         

        Relating to Agria Asia Investments Limited

	 	 	 
	 	 	 
	 	 	
        Agria Group Limited (Agria Group)

         

        New Hope International (Hong Kong) Limited (New Hope)

         

  

     

     

    

 

	Details

 

	Date	January 14th, 2013

 

Parties

 

	Name	Agria Group Limited
	Short name	Agria Group
	Notice Details	Room 1701, 17/F., Dutyfree Commercial Building, Fuhua First Road, Futian District, Shenzhen 518048, the People’s Republic of China
	Fax	86 755 8276 6965
	Attention	Patrick Tsang

 

	Name	New Hope International (Hong Kong) Limited
	Short name	New Hope
	Notice Details	Suite 2508, West Tower, LG Twin Tower, Jianguomenwai Avenue, Chaoyang District, Beijing, China
	Fax	010-65676087
	Attention	Tianli Zhang

 

Background

 

		A           
	The parties hereto have entered into a Shareholders Agreement (“Shareholders Agreement”)
as of 28 June 2011 relating to Agria Asia Investments Limited (Company).

 

		B            	Contemporaneously thereto, the parties entered into a Supplemental Agreement (“Supplemental
Agreement”) as of 28 June 2011 relating to the Company.

 

		C	In acknowledgement of the right of New Hope to exercise the Put Option, at the request of New Hope,
Agria Group agrees to make an advance in the sum of US$500,000, by way of a partial prepayment of the Repurchase Price on and subject
to the terms of this Agreement.

 

    	 	 	| page 2

     

    

 

	Agreed terms

 

		1.	Defined
                                         terms and interpretation

 

In this agreement, unless the context otherwise requires,
words and expression defined in the Shareholders Agreement and the Supplemental Agreement shall have the same meaning in this agreement.

 

		2.	Partial
                                         Prepayment

 

Agria Group hereby agrees on a
date prior to 15 January 2013, make advance to New Hope in the sum of US$500,000, by way of a partial prepayment (“Partial
Prepayment”) of the Repurchase Price.

 

		3.	Repurchase
                                         Price

 

		3.1	The parties agree that the annual compound annual interest rate of 8% on the initial subscription price of the Repurchased
Shares under Clause 2 of the Supplemental Agreement shall be computed to 31 December 2012, thereafter, the initial subscription
price of the Repuchased Shares shall be reduced by the amount of the Partial Prepayment as from 1 January 2013 for the purpose
of computing further compound annual interest.

 

		3.2	The parties agree that the Repurchase Price payable by Agria Group upon exercise of the Put Option by New Hope shall take into
account and deduct the Partial Prepayment.

 

		4.	Entire
                                         Agreement

 

This agreement, together with
the Supplemental Agreement and the Shareholders Agreement dated 28 June 2011, the Charge over Shares in Agria Asia Investments
Limited dated 28 June 2011 and the Personal Guaranty dated 28 June 2011 constitute the entire agreement between the parties in
connection with their subject matter and supersede all previous agreements or understandings between the parties in connection
with that subject matter.

 

		5.	Miscellaneous

 

Subject as provided above, clauses
6, 7, 8, 9 and 10 of the Shareholders Agreement as of 28 June 2011 shall apply to this agreement with such changes as the context
and circumstances require as though they were set out in full in this agreement.

 

    	 	 	| page 3

     

    

 

	Signing page

 

EXECUTED as an agreement

 

	sIGNED by AGRIA GROUP LIMITED by its duly authorised signatory:	 	/s/ Guanglin Lai
	 	 	 
	 	 	Signature of authorised signatory
	 	 	 
	 	 	Guanglin Lai
	 	 	 
	 	 	Name of authorised signatory

 

	sIGNED by NEW HOPE INTERNATIONAL (HONG KONG) LIMITED by its duly authorised signatory:	 	/s/ Guokun Zhang
	 	 	 
	 	 	Signature of authorised signatory
	 	 	 
	 	 	Guokun Zhang
	 	 	 
	 	 	Name of authorised signatory

 

    	 	 	| page 4Exhibit 4.30

 

	 	 	
        Prepayment Agreement relating to Supplemental
        Agreement

         

        Relating to Agria Asia Investments Limited

	 	 	 
	 	 	 
	 	 	
        Agria Group Limited (Agria Group)

         

        New Hope International (Hong Kong) Limited (New Hope)

	 	 	 

 

     

     

    

 

	Details

 

	Date	5 August 2013

 

Parties

 

	Name	Agria Group Limited
	Short name	Agria Group
	Notice Details	Room1701, 17/F, Dutyfree Business Building, Fuhua 1st Road, Futian District, Shenzhen, PRC (518048)
	 	 
	Fax	852-21955276
	Attention	Patrick Tsang

 

	Name	New Hope International (Hong Kong) Limited
	Short name	New Hope
	Notice Details	Suite 2508, West Tower, LG Twin Tower, Jianguomenwai Avenue, Chaoyang District, Beijing, China
	Fax	010-65676087
	Attention	Tianli Zhang

 

Background

 

		A	The parties hereto have entered into a Shareholders Agreement (Shareholders Agreement) as
of 28 June 2011 relating to Agria Asia Investments Limited (Company), whereby Clause 4 provides that New Hope shall have
the right to sell its Shares in the Company to Agria Group (the “Put Option”) in the manner provided therein.

 

		B	Contemporaneously thereto, the parties entered into a Supplemental Agreement (Supplemental Agreement)
relating to the Company, whereby Clause 3 provides that the Parties agree that with respect to any fiscal year, if the dividends
distributed by the Company to New Hope is less than 5% of the original subscription price per share under the Subscription Agreement
multiplied by the number of Shares then held by New Hope (“Guaranteed Return”). Agria Group shall provide an
interest-free loan to New Hope in the amount equal to the difference between the Guaranteed Return and the dividends received by
New Hope. New Hope shall in subsequent years repay such amount of outstanding principal equal to any excess of the amount of any
dividends received by New Hope from the Company over the Guaranteed Return.

 

		C	The Parties are entering into this agreement to record the agreement and understanding of the Parties with respect to prepayment
of the Repurchase Price and the Guaranteed Return to New Hope

 

    	 	 	| page 2

     

    

  

	
        Agreed terms 

 

		1.	Defined terms and interpretation

 

In this agreement, unless the context otherwise requires,
words and expression defined in the Shareholders Agreement and the Supplemental Agreement shall have the same meaning in this agreement.

 

		2.	Prepayment of Repurchase Price

 

The Parties agree that notwithstanding
the provision in the Agria Group hereby agrees to make the Shareholders Agreement and the Supplemental Agreement, subject only
to the provision in relation to compound annual interest of 8% as provided in Clause 2(c) of the Supplemental Agreement, the Repurchase
Price for 50% of the Shares initially subscribed by New Hope, shall be fixed at the sum of USD10,000,000 plus interest as provided
in Clause 2(c) of the Supplemental Agreement and the Agria Group hereby agrees to make prepayment(s) of the Repurchase Price to
New Hope in the following manner:

 

(a)        the sum of USD500,000 made on 14 January 2013;

 

(b)       the sum of USD3,500,000 to be made within one
month from the execution date of this agreement;

 

(c)       the balance sum of USD 6,000,000 plus the interest
calculated in accordance with Clause 2(c) of the Supplemental Agreement, payable in equivalent amount of RMB, to be made on or
before 31 October 2013.

 

In consideration of the prepayment
as aforesaid,

 

(d)        New Hope will refrain from
exercising its Put Option until the expiry of 36 months following the Completion, for avoidance of doubt, by which time, New Hope
shall be entitled to sell to Agria Group or its nominee(s) up to 100% of the Shares initially subscribed by New Hope; and for the
avoidance of doubt, at the request of Agria Group, the Parties will in good faith facilitate the sale or transfer of the Shares
in such manner without triggering the follow-on offer to be made in respect of other shares of PGW not already owned by Agria Group
and/or its concert parties.

 

(e)        subject to and upon full
payment of the Repurchase Price of USD10,000,000 or full Repurchase Price, as the case may be, New Hope thereby grants in favour
of Agria Group a call option ("Call Option") to require New Hope to transfer free from encumbrances up to 50%
or 100%, as the case may be of the Shares initially subscribed by New Hope to Agria Group or its nominee(s). The Call Option may
be exercised in whole or in part at any time after full payment of the Repurchase Price.

 

The repurchase price for the Shares shall be determined
in accordance with Clause 2 of the Supplemental Agreement. Agria Group may offset the prepayment(s) aforementioned against the
payment of repurchase price of the Shares. For avoidance of doubt, Agria Group may not offset the payment of Guaranteed Return
paid to New Hope as mentioned below against the payment of repurchase price for the Shares.

 

    	 	 	| page 3

     

    

  

For the avoidance of doubt, the
compound annual interest rate of 8% shall accrue only on such balance of the subscription price taking into account the aforesaid
prepayment(s) from the Completion to the date of the full payment of the Repurchase Price.

 

For the avoidance of doubt, calculation
of the Repurchase Price together with interests and Guaranteed Return is set out in the Schedule hereto.

 

		3.	Payment of Guaranteed Return

 

Agria Group hereby agrees to extend
such sum(s), by way of an interest-free loan to New Hope, being in the amount equal to the difference between the Guaranteed Return
and the dividends received by New Hope.

 

The parties
agree that New Hope shall in subsequent year(s) repay the amount of outstanding principal loan, equal to any excess of the amount
of any dividends received by New Hope from the Company over the Guaranteed Return.

 

For the avoidance
of doubt, the Guaranteed Return at the rate of 5% per annum shall accrue only on such balance of the subscription price taking
into account the aforesaid prepayment(s) from the Completion to the date of the full payment of the Repurchase Price.

 

		4.	Entire Agreement

 

This agreement, together with
the Supplemental Agreement and the Shareholders Agreement dated 28 June 2011, the Charge over Shares in Agria Asia Investments
Limited dated 28 June 2011, the Personal Guaranty dated 28 June 2011 and the agreement relating to Supplemental Agreement –
partial prepayment dated 14 January 2013 constitute the entire agreement between the parties in connection with their subject matter
and supersede all previous agreements or understandings between the parties in connection with that subject matter.

 

		5.	Miscellaneous

 

Subject as provided above, clauses
6, 7, 8, 9 and 10 of the Shareholders Agreement shall apply to this agreement with such changes as the context and circumstances
require as though they were set out in full in this agreement. 

 

    	 	 	| page 4

     

    

 

	Signing page

 

EXECUTED as an agreement

 

	sIGNED by AGRIA GROUP LIMITED by its duly authorised signatory:	/s/ Patrick Tsang
	
        

        Signature of authorised signatory

         

        Patrick Tsang

	 	Name of authorised signatory

 

	sIGNED by NEW HOPE INTERNATIONAL (HONG KONG) LIMITED by its duly authorised signatory:	/s/ Wang Hang
	
        

        Signature of authorised signatory

         

        Wang Hang

	 	Name of authorised signatory

 

    	 	 	| page 5

     

    

  

	Interest and guaranteed return calculation 	Schedule
	 

 

Compound interest @ 8% p.a.

 

	Start date	 	End date	 	Year	 	 	Principle	 	 	Interest
    rate	 	 	Interest	 
	29/4/2011	 	31/12/2012	 	 	1.68	 	 	US$	500,000	 	 	 	8	%	 	US$	68,868.68	 
	29/4/2011	 	5/8/2013	 	 	2.27	 	 	US$	3,500,000	 	 	 	8	%	 	US$	668,513.16	 
	29/4/2011	 	31/10/2013	 	 	2.51	 	 	US$	6,000,000	 	 	 	8	%	 	US$	1,278,319.91	 

 

	Guaranteed Return

 

	Subscription Price	 	 	Guaranteed Return	 	 	Dividend paid	 	 	Interest-free

 loan	 
	US$	20,000,000	 	 	 	5	%	 	US$	1,000,000	 	 	20/4/2012	 	NZD	 477,933.00	 	 	US$	389,990.21	 	 	US$	610,009.79	 

  

	To be paid on 6/8/2013	 	 	 
	 	 	US$	 
	Repurchase Price of US$ 3,500,000	 	 	3,500,000.00	 
	Interest of US$ 5,000,000for the period of 29/4/2011 to 31/12/2012	 	 	68,868.68	 
	Interest of US$ 3,500,000 for the period of 29/4/2011 to 5/8/2013	 	 	668,513.16	 
	Interest-free loan	 	 	610,009.79	 
	Total	 	 	4,847,391.63	 

 

    	 	 	| page 6

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