Addendum to Consulting Agreement between Alset Ehome International Inc. and CA Global Consulting Inc.
Alset Ehome International Inc. and CA Global Consulting Inc. have agreed to update their existing consulting agreement as of May 6, 2022. The addendum expands the consultant's role to include duties typical of a chief operating officer and increases the monthly fee to $15,000, effective May 2022. The company will continue to prepay six months of fees. All other terms of the original agreement remain unchanged.
Exhibit 10.1
ADDENDUM TO CONSULTING AGREEMENT
This Addendum made and entered into as of May 6, 2022 (the “Effective Date”), is by and between Alset Ehome International Inc. (the “Company”), and CA Global Consulting Inc., (the “Consultant”). The objective of this Addendum is to update the term of the Consulting Agreement of April 8, 2021.
TERMS OF ADDENDUM
The Company and the Consultant agree to the following terms:
| 1. | Consulting Services. The scope of services is expanded to include duties customary of a chief operating officer. |
| 2. | Professional Fees. As compensation for the expanded scope of Consulting Services, the Company promises to pay the Consultant a monthly fee of $15, 000 (an increase of $3,000 from $12,000) starting with the month of May 2022. The Company also agrees to continue to prepay 6-months of professional fees. |
IN WITNESS WHEREOF, the parties have executed this Addendum as of the day and year first above written.
| Alset Ehome International Inc. | ||
| By: | Chan Heng Fai | |
| Chan Heng Fai | ||
| Chairman and Chief Executive Officer | ||
| CA Global Consulting Inc. | ||
| By: | Anthony S. Chan | |
| Anthony S. Chan | ||
| President | ||
