Addendum to Asset Purchase and Share Exchange Agreement between Velocity Resources Canada Ltd. and Golden Global Corp.

Contract Categories: Business Finance › Purchase Agreements
Summary

This addendum modifies the original Asset Purchase and Share Exchange Agreement between Velocity Resources Canada Ltd. (VRCL) and Golden Global Corp. (GLOBAL). It specifies that certain assets listed in Schedule A will be transferred to Golden Global Mining Corporation, a Canadian subsidiary of GLOBAL. The equipment is valued at $173,841 CAD, and two mining properties are valued at $1 CAD each. In exchange, GLOBAL will issue 18,000,000 shares to VRCL or its nominees. The agreement is dated December 12, 2009.

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EX-10.3 4 exhibit10-3.htm ADDENDUM TO ASSET PURCHASE AGREEMENT Golden Global Corp.: Exhibit 10.3 - Filed by newsfilecorp.com

ADDENDUM TO THE

ASSET PURCHASE AND SHARE EXCHANGE AGREEMENT
(The “Agreement”)
Dated the 12th day of December, 2009.

BETWEEN:

VELOCITY RESOURCES CANADA LTD. a Company incorporated pursuant to the laws of the Province of Alberta, whose address is Suite 201, 17412 105 Ave. Edmonton, Alberta T5S 1G4

(Hereinafter “VRCL”) OF THE FIRST PART

AND:

Golden Global Corp. a Corporation to be registered in the State of Nevada whose immediate address is Suite 2806, 505-6th Street SW, Calgary, Alberta, T2P 1X5.

(Hereinafter “GLOBAL”) OF THE SECOND PART

WHEREAS:

  A.

Global has established a wholly owned Canadian subsidiary named “Golden Global Mining Corporation”, registered in the Province of Alberta;

     
  B.

Both VRCL and Golden agree to add to or amend the Agreement as follows:

NOW THEREFORE THIS AGREEMENT WITNESSES that for and in consideration of the mutual covenants and agreements contained herein, the parties covenant and agreements contained herein, the parties covenant and agree each with the other as follows:

  1)

The Assets in Schedule “A” shall be transferred to Golden Global Mining Corporation.

     
  2)

The transaction value for the Equipment shall be $173,841 CAD. The transaction value for the two mining properties shall be $1 CAD each for a total of $173,843 CAD.

     
  3)

In consideration, Global agrees to issue 18,000,000 shares of Global to VRCL or its nominees.

Dated this 12th day of December, 2009

/s/ John Hope   /s/ Tony Wong
VRCL   GLOBAL