Amendment No. 2 to Real Estate Sales Contract between Tsai Ming-Yin, Sunty Development Co., Ltd., Aerkomm Inc., and Aerkomm Taiwan Inc.
This amendment updates the payment and contract termination deadlines in a real estate sales contract for land in Keelung City, Taiwan, originally signed on July 10, 2018, between Tsai Ming-Yin (seller), Sunty Development Co., Ltd. (trustee), Aerkomm Inc. (contracting party), and Aerkomm Taiwan Inc. (buyer). The payment deadline is extended to November 4, 2018, and the parties' rights to terminate the contract are also extended. All other terms of the original contract remain unchanged.
Exhibit 10.2
Amendment No. 2 to the Real Estate Sales Contract
(English Translation)
| Seller: TSAI MING-YIN | (hereinafter referred to as Party A) | |
| Trustee: Sunty Development Co., Ltd. | (hereinafter referred to as Party B) | |
| Contracting Party: | ||
| Aerkomm Inc. | (hereinafter referred to as Party C) | |
| Buyer: Aerkomm Taiwan Inc. | (hereinafter referred to as Party D) |
Party A, Party B, Party C and Party D have entered into a real estate sales contract (“Sales Contract”) on July 10, 2018 (hereinafter referred to as “Sales Contract”) in respect of the land which is located at No. 89-49 Dashuiku Section, Xinyi District, Keelung City. The Sales Contract was subsequently amended on July 30, 2018. The parties now hereby further amend the Sales Contract as follows:
| I. | All parties agreed to further amend the payment deadline under III.(2) of the Sales Contract from September 4, 2018 to November 4, 2018. It is also agreed that the deadline for Party A to exercise its special contract termination right under IX.(1) of the Sales Contract is further amended from October 4, 2018 to December 4, 2018. Furthermore, Party D’s termination right due to the situation of its public offering under IX.(2) of the Sales Contract is further amended from September 4, 2018 to November 4, 2018. |
| II. | Except as otherwise specifically amended by this amendment, all other terms and conditions of the Sale Contract remain unchanged and in full force and effect. |
| III. | This Agreement is executed in four copies, one of which shall be held by each party respectively, and this Agreement shall become effective from the date of the execution by the last party hereto. |
Contracting parties:
| Party A: | Seller: TSAI MING-YIN /s/ Tsai Ming-Yin (Personal Seal) (Signature or Seal) |
| Party B: | Trustee: Sunty Development Co., Ltd. /s/ Sunty Development Co., Ltd. (Corporate Seal) |
Legal Representative: TIAN, CHI-HSIANG /s/ Tian, Chi-Hsiang (personal Seal)
Uniform Number: 70777671
| Party C: | Aerkomm Inc. |
Legal Representative: JEFFREY WUN /s/ Jeffrey Wun
| Party D: | Buyer: Aerkomm Taiwan Inc. |
Legal Representative: HSU, CHIH-MING /s/ Hsu, Chih-ming
The 4th day of September, 2018
