Document:

Exhibit
10.9

 

[Letterhead of Rhodium Resources Pte. Ltd.]

 

SERVICE
AGREEMENT

 

This
Agreement is entered into this date of 18 August 2020 between:

 

Rhodium
Resources Pte. Ltd. (a company incorporated in Singapore which registration number is 201133236D), having its registered
office at 9 Raffles Place #23-02/03 Republic Plaza, Singapore 048619, (hereinafter referred to as “RRPL”); and Triterras
Fintech Pte. Ltd. (Company Registration No. 201801540M) having its registered office at 9 Raffles Place, #23-04, Republic
Plaza, Singapore 048619 (hereinafter referred to as “TFPL”).

 

Hereinafter
all parties to the Agreement shall be collectively referred to as Parties and singly as Party.

 

Whereas
RRPL is actively engaged in the business of commodity trading and in the business of advising corporate clients in the areas of
commodity trade financing.

 

Whereas
TFPL is a related party of RRPL and is a technology company that facilitates commodities trading, trade finance and logistics
solutions for small and medium-size d enterprises via, among other things, its innovative blockchain enabled platform. TFPL requires
the services outlined below and RRPL is able and willing to provide the same.

 

In
consideration of mutual benefits to be obtained, the Parties hereto mutually agreed as follows:

 

		1.	Services

 

TFPL
is willing to appoint RRPL as a service provider. The full scope of services to be provided by RRPL in connection with the business
transactions and activities in TFPL are as follows (hereinafter referred to as “Services”):

 

		a.	Providing
                                         human resource support services including staffing, recruitment, benefits and payroll.

 

		b.	Providing
                                         accounting and administrative support services including liaising with auditors, company
                                         secretary, tax agent, service providers and regulatory bodies.

 

		c.	Providing
                                         operations support services including contract execution and trade settlements (if required).

 

		d.	Providing
                                         treasury support services including negotiation of banking facilities and maintaining
                                         banking relationships.

 

		e.	Providing
                                         management and strategic leadership, expertise, guidance and direction towards achieving
                                         business growth.

 

    1

     

    

 

[Letterhead of Rhodium Resources Pte. Ltd.]

 

		2.	Service
                                         Fees

 

In
consideration of the services which RRPL provides to TFPL under services (a) and (b) TFPL agrees to pay RRPL a service fee equal
to ONE HUNDRED AND FIVE PERCENT (105%) of RRPL’s direct and indirect costs, exclusive of any applicable taxes for Services rendered.

 

In
consideration of the services which RRPL provides to TFPL under services (c), (d) and (e), TFPL agrees to pay RRPL a service fee
equal to ONE HUNDRED AND SEVEN PERCENT (107%) of RRPL’s direct and indirect costs, exclusive of any applicable taxes for Services
rendered.

 

		3.	Invoice
                                         and Payment

 

RRPL
will invoice TFPL by the end of each financial year. Such invoice shall be due and payable within 30 days of TFPL’s receipt of
the invoice.

 

		4.	Terms
                                         of Agreement

 

Subject
to the Parties’ full compliance with all the terms and conditions herein, this Agreement shall continue in full force and
effect from 1 March, 2020 until 28 February, 2021; however, either Party may terminate this agreement by giving thirty
(30) days written notice to the other Party. Either Party may terminate this
agreement with immediate effect, by providing written notice of the same to the other Party, if:

 

		a.	The
                                         other Party, through its acts or omissions, reflects discredit upon the business or reputation
                                         of the terminating Party;

 

		b.	The
                                         other Party breaches any of the terms of this agreement;

 

		c.	There
                                         is a change of control of the other Party; or

 

		d.	The
                                         other Party is bankrupt, insolvent, or winding up, whether or not as a result of a court
                                         or government authority order.

 

		5.	Assignment
                                         and Delegation

 

Neither
Party may assign the duties, obligations, rights or benefits arising from this Agreement to any party without the prior written
consent of the other Party, such consent not to be unreasonable withheld.

 

		6.	Complete
                                         Agreement

 

This
Agreement comprises the complete agreement between the parties hereto and supersedes all prior written or oral agreements. It
may not be altered except in writing, and signed by a duly authorized representative of both Parties.

 

		7.	Confidentiality

 

Parties
agree to maintain the confidentiality of this Agreement during the term of this Agreement and for a period of 12 months after
its termination, unless the information:

 

		a.	Was
                                         or becomes part of public knowledge, through no breach of this Agreement by either Party;

 

		b.	Comes
                                         lawfully into possession of the parties from a third party; or

 

		c.	Is
                                         ordered to be disclosed by a court of law or other governmental authority.

 

    2

     

    

 

[Letterhead of Rhodium Resources Pte. Ltd.]

 

		8.	Severability

 

If
any provision of this Agreement is found to be invalid or unenforceable, this will not affect the validity, legality or enforceability
of the other provisions of this Agreement, and the obligations and benefits hereunder shall remain in full force and effect.

 

		9.	Effective
                                         Date

 

This
Agreement shall be binding and effective on the date first indicated above, when accepted and agreed by the Parties as acknowledged
by the signatories of their authorized representatives in the spaces provided below.

 

		10.	Notices

 

Each
notice or communication given pursuant to the terms of this Agreement shall be given in writing by facsimile or email or letter
at their respective registered addresses.

 

		11.	Governing
                                         Law

 

This
Agreement shall be governed by and construed in accordance with law of Singapore.

 

		12.	Arbitration

 

Any
dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination,
shall be referred to and finally resolved by arbitration in accordance with the Arbitration Rules of the Singapore International
Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference to this Clause. The seat,
or legal place, of arbitration shall be Singapore and the language to be used in the arbitral proceedings shall be English.

 

	 	Rhodium Resources Pte. Ltd.	 	Triterras Fintech Pte . Ltd.
	 	 	 	 
	 	/s/ Alvin Tan	 	/s/ Srinivas Koneru
	 	Chief Financial Officer	 	Director

 

 

3Exhibit 10.10

 

[Letterhead
of Rhodium Resources USA, Inc]

 

SERVICE
AGREEMENT

 

This
Agreement is entered into this date of 18 August 2020 between:

 

Rhodium
Resources USA, Inc (a company incorporated in United States which registration number is 7137111), having its registered office
at 16192 Coastal Highway Lewes, Delaware 19958, County of Sussex, United States, (hereinafter referred to as “RRUSA”);
and

 

Triterras
Fintech Pte. Ltd. (Company Registration No. 201801540M) having its registered office at 9 Raffles Place, #23-04, Republic
Plaza, Singapore 048619 (hereinafter referred to as “TFPL”).

 

Hereinafter
all parties to the Agreement shall be collectively referred to as Parties and singly as Party.

 

Whereas
RRUSA is actively engaged in the business of commodity trading and in the business of advising corporate clients in the areas
of commodity trade financing.

 

Whereas
TFPL is a related party of RRUSA and is a technology company that facilitates commodities trading, trade finance and logistics
solutions for small and medium-sized enterprises via, among other things, its innovative blockchain enabled platform. TFPL requires
the services outlined below and RRUSA is able and willing to provide the same.

 

In
consideration of mutual benefits to be obtained, the Parties hereto mutually agreed as follows:

 

		1.	Services

 

TFPL
is willing to appoint RR USA as a service provider. The full scope of services to be provided by RRUSA in connection with the
business transactions and activities in TFPL are as follows (hereinafter referred to as “Services”):

 

		a.	Providing
human resource support services including staffing, recruitment, benefits and payroll.

 

		b.	Providing
                                         accounting and administrative support services including liaising with auditors, company
                                         secretary, tax agent, service providers and regulatory bodies.

 

		c.	Providing
                                         operations support services including contract execution and trade settlements (if required).

 

		d.	Providing
                                         treasury support services including negotiation of banking facilities and maintaining
                                         banking relationships.

 

		e.	Providing
                                         management and strategic leadership, expertise, guidance and direction towards achieving
                                         business growth.

 

    1

     

    

 

[Letterhead
of Rhodium Resources USA, Inc]

 

		2.	Service
Fees

 

In
consideration of the services which RRUSA provides to TFPL under services (a) and (b) TFPL agrees to pay RRUSA a service fee
equal to ONE HUNDRED AND FIVE PERCENT (105%) of RRUSA’s direct and indirect costs, exclusive of any applicable taxes for
Services rendered.

 

In
consideration of the services which RRUSA provides to TFPL under services (c), (d) and (e), TFPL agrees to pay RRUSA a service
fee equal to ONE HUNDRED AND SEVEN PERCENT (107%) of RRUSA’s direct and indirect costs, exclusive of any applicable taxes for
Services rendered.

 

		3.	Invoice
and Payment

 

RRUSA
will invoice TFPL by the end of each financial year. Such invoice shall be due and payable within 30 days of TFPL’s receipt of
the invoice.

 

		4.	Terms
of Agreement

 

Subject
to the Parties’ full compliance with all the terms and conditions herein, this Agreement shall continue in full force and
effect from 1st March, 2020 until 28th February, 2021; however, either Party may terminate this
agreement by giving thirty (30) days written notice to the other Party. Either Party may terminate this agreement with
immediate effect, by providing written notice of the same to the other Party, if:

 

		a.	The
                                         other Party, through its acts or omissions, reflects discredit upon the business or reputation
                                         of the terminating Party;

 

		b.	The
                                         other Party breaches any of the terms of this agreement;

 

		c.	There
                                         is a change of control of the other Party; or

 

		d.	The
                                         other Party is bankrupt, insolvent, or winding up, whether or not as a result of a court
                                         or government authority order.

 

		5.	Assignment
and Delegation

 

Neither
Party may assign the duties, obligations, rights or benefits arising from this Agreement to any party without the prior written
consent of the other Party, such consent not to be unreasonable withheld.

 

		6.	Complete
Agreement

 

This
Agreement comprises the complete agreement between the parties hereto and supersedes all prior written or oral agreements. It
may not be altered except in writing, and signed by a duly authorized representative of both Parties.

 

    2

     

    

 

[Letterhead
of Rhodium Resources USA, Inc]

 

		7.	Confidentiality

 

Parties
agree to maintain the confidentiality of this Agreement during the term of this Agreement and for a period of 12 months after
its termination, unless the information:

 

		a.	Was
                                         or becomes part of public knowledge, through no breach of this Agreement by either Party;

 

		b.	Comes
                                         lawfully into possession of the parties from a third party; or

 

		c.	Is
                                         ordered to be disclosed by a court of law or other governmental authority.

 

		8.	Severability

 

If
any provision of this Agreement is found to be invalid or unenforceable, this will not affect the validity, legality or enforceability
of the other provisions of this Agreement, and the obligations and benefits hereunder shall remain in full force and effect.

 

		9.	Effective
Date

 

This
Agreement shall be binding and effective on the date first indicated above, when accepted and agreed by the Parties as acknowledged
by the signatories of their authorized representatives in the spaces provided below.

 

		10.	Notices

 

Each
notice or communication given pursuant to the terms of this Agreement shall be given in writing by facsimile or email or letter
at their respective registered addresses.

 

		11.	Governing
Law

 

This
Agreement shall be governed by and construed in accordance with law of Singapore.

 

		12.	Arbitration

 

Any
dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination,
shall be referred to and finally resolved by arbitration in accordance with the Arbitration Rules of the Singapore International
Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference to this Clause. The seat,
or legal place, of arbitration shall be Singapore and the language to be used in the arbitral proceedings shall be English.

 

	 	Rhodium
    Resources USA, Inc	 	Triterras
    Fintech Pte. Ltd.
	 	 	 	 
	 	/s/
    Alvin Tan	 	/s/
    Srinivas Koneru
	 	Chief
    Financial Officer	 	Director

 

 

3

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