Document:

Exhibit 10.57

 

In-Flight
Entertainment Equipment Purchase Agreement

 

This
agreement is entered into between:

 

Aircom
Telecom LLC. (Hereinafter referred as the “Buyer”); and

Yuanjiu
Inc. (Hereinafter referred as the “Seller”).

 

Whereas
the Buyer wish to purchase In-Flight Entertainment equipment, the “Product”, from the Seller, the terms and conditions
of the agreement are as following: 

 

Article
1: Subject

 

The
name and model of the Product purchased by the buyer are addressed in the appendix.

 

Article
2: Price

 

		(1)	The
                                         price (including business tax) is specified in the Appendix. The Seller can notify the
                                         Buyer in writing to adjust the price of the Product at any time, but it shall not affect
                                         the order placed by the Buyer and accepted by the Seller before the price adjustment.
                                         

		(2)	The
                                         Seller shall issue an invoice to the Buyer once the Seller accepts the order. The Buyer
                                         shall pay the Seller at the time listed in the table below. Unless otherwise agreed in
                                         writing by both parties, the payment shall be paid in USD. If there is a dispute over
                                         the payment, the Buyer should list the controversial in writing and notify the Seller
                                         at least ten days before the payment date listed in the table below so that both parties
                                         could negotiate it. Except for the disputed payment, all payments shall be paid according
                                         to the table below:

 

	Invoice (%)	Payment schedule
	10%	Confirmation date of the purchase
	10%	Sample delivery for function verification and test installation.
	70%	When 100 sets of the Product are ready for shipping.
	10%	When 100 sets of equipment are inspected and accepted.

  

		(3)	Except
                                         for the disputed payment, if the Buyer delay
                                         the payment, interest shall be calculated at 5% interest rate per annum.

		(4)	The
                                         price of the subject does not include any taxes. Buyer shall be responsible for any custom
                                         duties, delivery fees and insurance fees. Seller shall bears its own business tax.

 

     

     

    

 

Article
3: Contract Bond

 

The
Buyer shall issue a promissory note in the amount equals to 40% of the total purchase price of the Product to the Seller as contract
bond.

 

Article
4: Order and Product Management

 

		(1)	Purchase
                                         order: the Buyer shall place the order in writing to the Seller. When the Buyer place
                                         the order, it means that the Buyer is willing to purchase the Product from the Seller
                                         under the terms and conditions addressed in this agreement and shall have the obligation
                                         to purchase the specified number of the Product set forth in the purchase order. Any
                                         change to the terms and conditions of this agreement in the purchase order are invalid.
                                         Any purchase order issued by the Seller shall be deemed a part of this agreement.

		(2)	Place
                                         the order: the Buyer shall place the order 24 months before the expected delivery date,
                                         the purchase price shall be the same as the price set forth in the appendix.

		(3)	Minimum
                                         order quantity: the Buyer shall place an order within 30 days after the
                                         effective date of this agreement, the order shall meet the Minimum order quantity(Hereinafter
                                         referred as “MOQ”).

 

	Product name	MOQ
	Donica AirCinema Cube	100 sets

 

Article5:Delivery
and Inspection

 

		(1)	The
                                         Seller shall use the standard packaging and delivery method and ship the Product to the
                                         place designated by the Buyer.

		(2)	The
                                         ownership of products shall belong to the Buyer once the full payment is paid by the
                                         Buyer; when the Seller handed the Product to the logistic, the Product damaged risk will
                                         be transferred to the Buyer.

		(3)	The
                                         Buyer shall inspect the product within the 30 days after delivery. If the Buyer has not
                                         informed the Seller in writing for the defective products within the inspection period,
                                         it shall be deemed as the Buyer accept the Product.

		(4)	If
                                         the Seller confirms the defective products, the Seller can choose to: (1) replace those
                                         products or (2) refund for the purchase price of the defective products to the Buyer.

		(5)	Unless
                                         otherwise provided in this article, the Buyer cannot return the products to the Seller.

		(6)	This
                                         Article is the sole and exclusive remedy to the defective products purchased by the Buyer,
                                         the Seller shall be responsible and have the obligation for all defective product covered
                                         in this article.

 

    2

     

    

 

Article
6:Date of Delivery

 

It
is agreed by both Parties, the delivery date the Seller announced is the estimated date, the Seller will try to deliver all products
before the date requested by the Buyer.

 

Article
7:Confidentiality

 

Both
Parties agreed that, starting April 9, 2020, the content addressed in this agreement is business confidential, neither party may
reveal any information to a third Party. After the expiration or termination date of the agreement, the confidentiality shall
remain valid.

 

Article
8:Termination

 

		(1)	The
                                         term of this Agreement shall be 5 years from the effective date. Unless any Party notifies
                                         the other Party in writing one month before the agreement expires, this Agreement shall
                                         automatically be renewed for two (2) years.

		(2)	If
                                         the Buyer fails to pay in accordance with Article 2 and fails to process the payment
                                         30 days after receiving the written notice from the Seller, the Seller can terminate
                                         the agreement at any time and claim damage.

		(3)	If
                                         the Seller violates the terms and conditions addressed in the agreement and the Seller
                                         fails to rectify the violations within 90 days after receiving the written notice from
                                         the Buyer, the Buyer can terminate the agreement at any time and claim damage.

		(4)	If
                                         either party is in the situation of bankrupt, operation stoppage or shut down for over
                                         2 weeks, the other Party can terminate the agreement at any time in writing and claim
                                         damage.

		(5)	If
                                         one of the parties fails to fulfill the agreement due to force majeure for over two weeks,
                                         the other party can terminate the agreement in writing at any time.

 

Article
9: The Effect of Termination the Agreement

 

Upon
the termination of the agreement, the Seller shall issue the final invoice to the Buyer, the amount of the invoice shall include
all the unpaid Product and all the expense incurred on and before the effective date of the termination. The Buyer shall pay the
amount in accordance with terms under Article 2.

 

    3

     

    

 

Article
10: Product Guarantee

 

		(1)	The
                                         Buyer guarantees the Product shall meet all the quality requirements addressed in the
                                         appendix when the products are delivered free from any defects in material, craftsmanship
                                         or design. Nor shall the deliver products contain any design or element that may destroy
                                         the Buyer’s hardware. The Seller shall use the Antivirus software to conduct a
                                         comprehensive detection/scanning process before the products are delivered.

		(2)	For
                                         the products to be installed onboard of aircrafts, the Seller shall provide the mandatory
                                         Airworthiness certification documentation (the configuration or modification of each
                                         product shall be included in the certification documentation). Also, the latest version
                                         of product shall be installed on the flights in accordance with the airworthiness regulation
                                         of the importing country.

		(3)	The
                                         aforementioned guarantee does not apply to the following:

		(a)	When
                                         product is abused, misapplied, subject to negligence, accident, improper installation,
                                         improper storage, improper or handling, or used under abnormal environment condition
                                         or used in the way against the Seller’s product instruction.

		(b)	Reset,
                                         modification or alteration not done by the Seller or a third Party not authorized by
                                         the Seller.

		(c)	When
                                         the product is used together with a third-party products, hardware, or software which
                                         does not get the approval from the Seller.

 

Article
11:Warranty and Replacement

 

		(1)	For
                                         material or manufacture defection, if the product is still within the warranty period,
                                         the Seller shall repair product within 90 days.

		(2)	The
                                         Buyer shall notify the Seller in writing for the defection within 10 days after discovering
                                         the defective product. If the defective products are determined, after the inspection
                                         and testing by the supplier from the Seller, that the damages were not caused by human
                                         factor form the Seller, the Buyer shall pay for the repair or pay for the replacement.

		(3)	If
                                         no defection has been found after the inspection and testing proceeded by the supplier
                                         from the Seller, the Buyer shall pay USD 600 as inspection fee for each product and responsible
                                         for the logistic expense.

		(4)	Except
                                         for defective products that were not caused by the Seller, the Seller shall ship the
                                         replacing product to the destination designated by the Buyer and the Seller shall be
                                         responsible for all the expense and shall bear the logistic risk.

 

    4

     

    

 

Article
12: Intellectual Property Rights

 

		(1)	The
                                         Buyer agrees the following:

		(a)	The
                                         Seller or any third party authorized by the Seller will retain all intellectual property
                                         right used in creating, reflecting, using the product or its related component.

		(b)	The
                                         Buyer shall not be entitled to any Intellectual Property Rights in relating with the
                                         agreements.

		(c)	If
                                         the Buyer obtains any Intellectual Property Rights in relating to the agreement, (including
                                         but not limited to trademark, derivative product, adaptation right, etc.), the rights
                                         shall be transferred irrevocably to the Seller or a third party authorized by the Seller.

		(d)	The
                                         Buyer is subject to use the Intellectual Property Rights owned by the Seller under the
                                         Seller’s direction or this agreement.

		(2)	The
                                         Seller guarantee that the Product delivered to the Seller will not cause infringement
                                         of patent rights, copyrights, or other rights of other third parties. If the Buyer face
                                         a lawsuit against other party for the infringement of patent rights, copyrights, or other
                                         rights of using the product provided by the Seller, the Buyer shall notify the Seller
                                         in writing and cooperate with the Seller in providing related information. The Seller
                                         shall be responsible for the settlement negotiations and defending for the Buyer. The
                                         Seller shall responsible for all the expense including the settlement fee and the compensation
                                         determined by court and reimburse the Buyer.

		(3)	The
                                         Buyer shall return the Product to the Seller if the Product cannot be used due to the
                                         infringement of patent rights, copyrights or other rights of other third parties. The
                                         Seller shall pay the residual value, within 30 days, calculated based on the straight-line
                                         depreciation method according to the minimum legal useful life of the Product at the
                                         time of the agreement. The Seller shall remedy the Buyer for the damage.

		(4)	The
                                         Buyer shall responsible for infringement of patent rights, copyrights, or other rights
                                         of other third parties due to the Buyer’s changing the structure of the Product,
                                         using the Product not under prescribed environment, or combining usage of the Product
                                         which is not provided by the Seller.

 

Article
13: Limited Compensation

 

Any
claimed damage requested by either party is limited to the actual damage with the maximum damage up to the total purchase price
of the Product.

 

Article
14:Transfer Restriction

 

Either
party shall not transfer the right and obligation to any third party unless agreed by the other Party except for company merger
and acquisition and restructuring.

 

    5

     

    

 

Article
15:Agreement Modification

 

Any
modification of the terms and conditions of this agreement shall be made in writing.

 

Article
16: Law and Jurisdiction

 

		(1)	Both
                                         Party agreed that this agreement shall be governed and construed in accordance with the
                                         laws of the Republic of China.

		(2)	If
                                         any dispute arose in relating to this agreement, both Parties agree that The Taipei District
                                         Court is the court of first instance.

 

Article
17: this agreement is made in duplicate. After signed by both sides, each Party hold one as an evidence.

 

    6

     

    

 

---------------------------------------------------------
Signature Page ---------------------------------------------------------

 

	Buyer: Aircom Telecom LLC.	/s/ Aircom Telecom LLC (Corporate Seal)
	 	 
	Representative: TSENG, JIAN-MING	/s/ Tseng, Jian-Ming (Personal Seal)

 

Tax number: 43941489

 

Address: No. 13, Ln. 120, Sec. 1, Neihu
Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.)

 

	Seller: Yuanjiu Inc.	/s/ Yuanjiu Inc. (Corporate Seal)
	 	 
	Representative: HSU, CHIH-MING	/s/ Hsu, Chih-Ming (Personal Seal)

 

Tax number: 84167600

 

Address: 4F, No. 118, Sec. 1, Neihu Rd.,
Neihu Dist., Taipei City 114, Taiwan (R.O.C.)

 

Date
Signed: 15th day of July, 2020

 

    7

     

    

 

Appdendix

【Product
Specification】

 

 

 

【Price】

 

During
the effective period of this agreement, the MOQ is 100 sets, price is USD18,975 per set.

 

 

8Exhibit 10(d)

		
			Exhibit 10(d)
		

		
			WD-40 COMPANY 
		

		
			2016 STOCK INCENTIVE PLAN
		

		
			﻿
		

		
			﻿
		

		
			FY 20__ RESTRICTED STOCK UNIT AWARD GRANT NOTICE AND ACCEPTANCE
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			Number of RSU Shares:  The Total “Vest Quantity” Shown Above
		

		
			Period of Restriction:  Three Year Vesting
		

		
			Vesting / Settlement Dates:  For Each “Vest Quantity”, Not Later Than the “Vest Dates” Shown Above
		

		
			﻿
		

		
			﻿
		

		
			FY 20__ RESTRICTED STOCK UNIT AWARD AGREEMENT
		

		
			﻿
		

		
			﻿
		

		
			Pursuant to your Restricted Stock Unit Award Grant Notice and Acceptance (“Grant Notice”) and this Restricted Stock Unit Award Agreement (“Agreement”), WD-40 Company, a Delaware corporation, (the “Company”) has awarded to you Restricted Stock Units (“RSUs”) under the WD-40 Company 2016 Stock Incentive Plan (the “Plan”) with respect to the number of shares of the Company’s Common Stock indicated in your Grant Notice.  Defined terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan.
		

		
			The details of your RSUs are as follows:
		

			
	
			
				1.
			Number of Shares.  The number of Shares to be issued to you upon settlement of your RSUs (your “RSU Shares”) as referenced in your Grant Notice may be adjusted from time to time upon changes in capitalization of the Company pursuant to Section 18 of the Plan.

			
	
			
				2.
			No Payment of Dividend Equivalents.  Dividend Equivalents are not payable with respect to your RSUs.  Upon issuance of your RSU Shares at the time of vesting or otherwise as provided for herein, you will then be entitled to receive dividends as and when declared upon the Shares by the Company.

			
	
			
				3.
			Vesting.  Your RSUs vest over a period of three years from the Date of Grant.  The number of RSUs vesting on each vesting date is set forth on your Grant Notice.  The vesting date for each fiscal year (the “vesting year”) will be the earlier of the date that is the 3rd business day following the Company’s public release of its annual earnings for the immediately preceding fiscal year or November 15 of the vesting year as specified in your Grant Notice (the “Settlement Date”).  Except as otherwise provided for herein with respect to vesting upon retirement, RSUs that are not vested as of the effective date of the termination of your employment with the Company or a Subsidiary for any reason, including death, resignation or termination by the Company or Subsidiary (“Termination of Employment”), shall be forfeited.

			
	
			
				4.
			Delivery of Shares upon Vesting.    Your vested RSUs shall be settled solely in an equivalent number of Shares immediately as of the Settlement Date as set forth in Paragraph 3 above.  Subject to the provisions of Paragraphs 8 and 11 of this Agreement, the RSU Shares shall be issued and delivered to you or to your designated Beneficiary (as hereinafter defined) on the Settlement Date.  Issuance of the RSU Shares may not be accelerated, deferred or otherwise claimed by you for any reason or at any time other than upon the Settlement Date or otherwise as provided for herein.

			
	
			
				5.
			Retirement Vesting.  Notwithstanding the provisions of Paragraph 3 above and except as provided in Paragraph 7 below, all of your RSUs shall be immediately vested and, subject to the provisions of Paragraphs 8 and 11 of this Agreement, the RSU Shares shall be issued to you as of a date that is thirty (30) days following the effective date of your Retirement (as hereinafter defined).  “Retirement”, for purposes of this Agreement, means 
		

		 

		

			1

		

 

			Termination of Employment (for any reason other than termination by the Company or a Subsidiary for Cause): (i) after attainment of age sixty-five (65), or (ii) after attainment of age fifty-five (55) provided that you have been in Continuous Service with the Company or a Subsidiary for not less than ten (10) years.

			
	
			
				6.
			Change of Control Vesting.  The provisions of Section 19 of the Plan shall apply in the event of a Change of Control of the Company.   Vesting of your RSUs upon Termination of Employment for “good reason” following a Change of Control shall also be provided for if specifically provided for in a written employment or severance agreement between you and the Company.  In the event your RSUs are vested pursuant to Section 19 of the Plan, subject to the provisions of Paragraphs 7, 8 and 11 of this Agreement, the RSU Shares shall be issued to you as of a date that is thirty (30) days following the effective date of the Change of Control of the Company or the effective date of your Termination of Employment without Cause, as the case may be.

			
	
			
				7.
			Six Month Delay in Issuance of Shares on Termination of Employment for Certain Officers.  If, at the time of your Retirement or other Termination of Employment, you are a “specified employee” as that term is defined in Section 409A of the Internal Revenue Code of 1986, as amended, subject to the provisions of Paragraphs 8 and 11 of this Agreement, the RSU Shares to be issued to you as provided for in Paragraphs 5 or 6 above shall be issued and delivered to you or to your designated Beneficiary (as hereinafter defined) six (6) months following the day after the effective date of your Termination of Employment.

			
	
			
				8.
			Securities Law Compliance.  Notwithstanding anything to the contrary contained herein, your RSU Shares may not be issued unless the RSU Shares are then registered under the Securities Act of 1933, as amended (the “Securities Act”) or, if such Shares are not then so registered, the Committee or the Board has determined that such issuance would be exempt from the registration requirements of the Securities Act.  The issuance of your RSU Shares must also comply with other applicable laws and regulations governing your RSU Shares, and the issuance of your RSU Shares may be delayed if the Committee or the Board determines that such issuance would not be in material compliance with such laws and regulations.

			
	
			
				9.
			Transferability.  Your RSUs are not transferable, except by will or by the laws of descent and distribution.  Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party (your “Beneficiary”) who, in the event of your death, shall then be entitled to receive the RSU Shares payable as of the date of your death, if any.

			
	
			
				10.
			Agreement Not a Service Contract or Obligation to Continue Service.   This Agreement is not an employment or service contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company or Subsidiary as an employee for any period of time.  In addition, nothing in this Agreement shall obligate the Company or a Subsidiary to continue your employment for any period of time.

			
	
			
				11.
			Withholding of RSU Shares to Cover Tax Withholding Obligations.

			
	
			
				 (a)
			At the time of issuance of your RSU Shares, to the extent required by law or applicable regulation,  the Company shall withhold from the RSU Shares otherwise issuable to you a number of whole Shares having a Fair Market Value as of the date of vesting, or as of the date of issuance in the case of the issuance of RSU Shares following your Retirement, equal to the minimum amount of taxes required to be withheld by law.  The Fair Market Value of the withheld whole number of RSU Shares that is in excess of the minimum amount of taxes required to be withheld shall be added to the deposit for your U.S. federal income tax withholding or, if you are an international taxpayer, such amount shall be added to the largest deposit of withheld tax required to be made by the Company on your behalf.

			
	
			
				 (b)
			Your RSU Shares may not be issued unless the tax withholding obligations of the Company, if any, are satisfied.  Accordingly, the RSU Shares may not be issued within the time specified in Paragraphs 4, 5, 6 or 7 above and the Company shall have no obligation to issue a certificate for such Shares until such tax withholding obligations are satisfied or otherwise provided for.  Upon notice of the requirement for 
		

		 

		

			2

		

 

			recovery from you of any amount due as a tax withholding obligation, you agree to promptly remit to the Company or Subsidiary the full amount due.

			
	
			
				12.
			Notices.   Any notices provided for in the Plan or this Agreement shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.

			
	
			
				13.
			Governing Plan Document.   This Agreement is subject to all the provisions of the Plan, the provisions of which are incorporated by reference in this Agreement.  This Agreement is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of any conflict between the provisions of this Agreement and those of the Plan, the provisions of the Plan shall control.

		
			END OF RESTRICTED STOCK UNIT AGREEMENT
		

		
			(Refer to RSU Award Grant Notice and Acceptance for Specific Grant Information)
		

		 

		

			3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]