Document:

Exhibit 10.36

 

AMENDMENT NO. 1

TO

PURCHASE AGREEMENT

This Amendment No. 1 (this “Amendment”) to the Purchase Agreement by and among TAKKT America Holding, Inc. (the “Seller”), Global Industrial Holdings LLC (the “Buyer”) and Global Industrial Mexico Holdings Inc. (the “Mexican Buyer”) dated December 31, 2014 (the “Purchase Agreement”), is executed as of the 30th day of January, 2015, and amends the Purchase Agreement as set forth herein.

 

IN CONSIDERATION of the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.         The definition of Base Price shall be deleted in its entirety and replaced with the following:

 

“Base Price” shall mean Twenty-five Million Ninety Thousand U.S. Dollars (US$25,090,000).

 

2.         Section 8.3(a) shall be amended by inserting the following at the end thereof:

 

(iv) any payments made by Seller under the Parent Guarantee by and between Lakeview XII Venture, LLC and TAKKT AG, dated December 16, 2009 with respect to claims that the Landlord may have in the future under the Industrial Building Lease for 8123 116th Street, Pleasant Prairie, Wisconsin by and between C&H Service and Lakeview XII Venture, LLC, dated December 18, 2009, against C&H Service; provided that Buyer shall have no obligation to reimburse Seller with respect to any letter of credit that the Seller may be required to provide under such Parent Guarantee.

 

3.         Section 8.2(a)(iii) shall be inserted into the Agreement:

 

Section 8.2(a) (iii) A claim of breach by the landlord under the  Lease Agreement for 900 North Hills Blvd, Suite 300, Reno, Nevada 89506 by and between Seller and Bre/NV Industrial Properties L.L.C. dated May 27, 2003, as amended to the date of this Amendment due to a claim that consent was required either for granting a Sublease dated January 29, 2015 by and between Seller and C&H Service LLC or due to the transactions contemplated by this Agreement.

 

4.         Section 8.2(a)(iv) shall be inserted into the Agreement:

 

Section 8.2(a)(iv)  Any licensing fees or other costs charged to any Company and/or Buyer by Oracle for the assignment of the Software License and Services Agreement by and between Seller (by definition, includes C&H Distributors, C&H Productos, Products for Industry, and Avenue) and PeopleSoft USA, Inc. (Oracle), dated June 30, 2004, including all signed Schedules thereto, as amended.  Such indemnity shall terminate as of the date that there is an executed Assignment and Certification of Non Possession among Seller, Buyer, and Oracle.

 

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5.         Section 8.2(b) shall be amended as follows  "under Section 8.2(a)(i) or (ii)" shall be deleted and replaced with "under Sections 8.2(a)(i), (ii), (iii) or (iv)."

 

6.         Section 6.8(o)shall be inserted into the Agreement.

 

Seller shall have subleased the Reno lease to C&H Service prior to the Closing Date.

 

7.        In Section 3.5(f) of the Agreement, MXN$64,794,502 shall be deleted and replaced with MXN$64,797,501.

 

8.

(a)          Except as specifically amended by this Amendment, the Purchase Agreement shall remain unchanged and in full force and effect.

 

(b)          This Amendment shall be construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware.

 

(c.)         Hereafter, all references to the Purchase Agreement shall be deemed to be references to such Purchase Agreement as amended by this Amendment.

 

(d)          Capitalized terms used but not defined in this Amendment shall have the meanings given them in the Purchase Agreement.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

 

	 	
THE SELLER:

	 	
	 	
TAKKT AMERICA HOLDING, INC.

	 	
	 	
By: /s/ Dr. Felix Zimmerman

	 	
Name: Dr. Felix Zimmerman

	 	
Its:     Chairman

	 	
	 	
THE BUYER:

	 	
	 	
GLOBAL INDUSTRIAL HOLDINGS LLC

	 	
	 	
By: /s/ Lawrence Reinhold

	 	
Name: Lawrence Reinhold

	 	
Its: Vice President

	 	
THE MEXICAN BUYER:

	 	 
	 	
GLOBAL INDUSTRIAL MEXICO HOLDINGS INC.

	 	 
	 	
By:  /s/ Robert Dooley

	 	
Name:Robert Dooley

	 	
Its: PresidentExhibit 4.21

 

[Note: Translation from the original agreement
written in Chinese]

Execution Copy

 

Share and Debt Transfer Agreement

 

This Share and Debt Transfer Agreement is
executed on November 10, 2014 by the following parties.

 

eLong, Inc. (hereinafter “Party A”)

Legal Address: 4th Floor, Hutchence
David Century Garden, George Town, Grand

Cayman, Cayman Islands

 

Zhen Xie (hereinafter “Party B”)

Address: No. 68, Court 600 Yingkou
Street, Yangpu District, Shanghai

ID No.:

 

Guangfu Cui (hereinafter “Party C”)

Residence: No.1, XiangHongqi Street,
Haidian District, Beijing

ID No.: 

 

Ding Haochuan (hereinafter “Party D”)

Address: Dongjing Road No. 19, Xuanwu
District, Beijing

ID No.:

 

Whereas:  

		1.	Party A is a company registered in Cayman Islands; Party B, Party C and Party D are citizens of the
People’s Republic of China. Party B holds 12.5% equity interest in Beijing eLong Information Technology Co., Ltd. (hereinafter
“Beijing Information”), Party C holds 87.5% equity interest in Beijing Information.

 

		2.	Party A, Party B, and Party C signed a Sixth Amended and Restated Loan agreement on December 26, 2012.
Under the aforesaid agreement, Party A provided Party B, and C with a loan totaling 16,000,000 RMB, of which RMB2,000, 000 was
made to Party B, and RMB 14,000,000 to Party C. The loan was invested in Beijing Information.

 

		3.	Party B wishes to assign to Party D his entire 12.5% equity interest of Beijing Information and the
entire loan relationship with Party A incurred from the 2,000, 000 RMB loan. Party D agrees to the foresaid assignment.

 

NOW THEREFORE, Party A, Party B, Party
C and Party D through friendly negotiations hereby agree to and abide by this agreement (hereinafter referred to as “This
agreement”) as follows:

 

		1.	Party B agrees to assign to Party D his 12.5% equity interest in Beijing Information and the entire
loan relationship with Party A incurred from the RMB2,000,000 loan from Party A. Party D agrees to the foresaid assignment.

 

		2.	Party C agrees to waive his preemptive right, and that Party D will hold such 12.5% equity interest
of Beijing Information transferred by Party B.

 

    	 

    	 

    

 

		3.	Party A agrees that the RMB2,000,000 loaned to Party B is transferred to Party D.

 

		4.	Party B’s rights and obligations as a shareholder of Beijing Information shall be transferred
to Party D once Party B has transferred 12.5% equity interest of Beijing Information to Party D.

 

		5.	Party D shall be assigned the entire loan relationship formed from the Sixth Amended and Restated
Loan Agreement entered by Party A and Party B once Party B has transferred his entire 12.5% equity interest of Beijing Information
to Party D.

 

		6.	Party A, Party C and Party D mutually agree that the parties will execute the Seventh Amended and
Restated Loan Agreement in Beijing on November 10, 2014.

 

		7.	The execution, validity, interpretation, performance, modification, termination and settlement of
disputes of this Agreement shall be governed by the laws of PRC.

 

		8.	Dispute Resolution

		8.1	Any dispute, controversy or claim arising from the agreement or relating to the agreement (including
any issue relating with the existence, validity or termination of the agreement) shall be submitted to China International Economic
and Trade Arbitration Commission (the “Arbitration Commission”). The Arbitration Commission shall conduct the arbitration
in accordance with the effective rules of Arbitration at the time of such application. The arbitration award shall be final and
binding upon both parties.

		8.2	The site of arbitration shall be Beijing, PRC.

		8.3	The arbitration language shall be Chinese.

		8.4	The arbitral panel shall be composed of three arbitrators. Both parties should respectively appoint
an arbitrator, the chairman of the court of arbitration shall be appointed by both parties through consultation. In case both parties
do not agree on the person selected for the chief arbitrator within twenty days from the date of their respective arbitrator appoints,
the director of Arbitration Commission shall have right to appoint the chief arbitrator. The chief arbitrator shall not be a Chinese
citizen or United States citizen.

		8.5	Both parties agree that the court of arbitration established according to this clause shall have the
right, in appropriate cases, to provide specific performance in accordance with PRC Law (including but not being limited to Law
of Agreement of the People’s Republic of China). For the avoidance of doubt, both parties further agree that any court having
jurisdiction (including PRC Court) shall carry out the arbitral award of specific performance issued by the arbitral panel.

		8.6	Both parties agree to conduct arbitration in accordance with this regulation, and irrepealably abstain
the right to appeal, reexamine or prosecute to national court or other administration of justice in any form, and the precondition
shall be that the aforesaid waiver is effective. However the waiver of both parties does not include any post-arbitration injunction,
post-arbitration distress warrant or other command issued by any court having jurisdiction (including PRC Court) for terminating
the arbitration procedure or carrying out any arbitral award.

 

		9.	This Agreement shall become effective upon the execution of the parties.

 

		10.	This Agreement is the integral agreement of the transaction stipulated in this Agreement and it will
replace all the oral negotiation or written opinion for this transaction heretofore.

 

		11.	This Agreement is divisible and any invalid or unenforceable clause of this Agreement will not affect
the effectiveness and enforceability of other clause of this Agreement.

 

		12.	The business, operation, financial affairs and other confidential documents concerning any party of
this Agreement are confidential data. All the parties shall strictly protect and maintain the confidentiality of all such confidential
data acquired from the Agreement or from the performance of the Agreement.

 

    	 

    	 

    

 

		13.	This Agreement is in quadruplicate and each Party holds one copy. Each original has the same legal
effect.

 

[No text hereunder]

 

    	 

    	 

    

 

In witness whereof the parties hereto have
caused this Agreement to be duly executed on their behalf by a duly authorized representative as of the Effective Date first written
above.

 

	Party A: eLong, Inc. 	 
	 	 
	Signature:	 /s/ Sami Farhad	 
	 	 	 
	Party B: Xie Zhen	 
	 	 
	Signature:	 /s/ Xie Zhen	 
	 	 	 
	Party C: Guangfu Cui	 
	 	 
	Signature:	 /s/ Guangfu Cui	 
	 	 	 
	Party D: Ding Haochuan	 
	 	 
	Signature:	 /s/ Ding Haochuan

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