ACQUISITION AGREEMENT AMENDMENT

EX-10.17 6 v308489_ex10-17.htm AMENDMENT, DATED NOVEMBER 30, 2011, TO THAT CERTAIN ACQUISITION AGREEMENT, DATED SEPTEMBER 27, 2011

Exhibit 10.17

This ACQUISITION AGREEMENT AMENDMENT is entered into and made effective as of the 30^th day of November, 2011 (the “Amendment Date”) by and between GBS Enterprises, Inc., a Nevada Corporation (“GBS” or “Buyer”); SD Holdings Ltd., a Mauritius Corporation (“SYN”), having an office at 608 St. James Court, St. Denis Street, Port Louis, Mauritius; and the shareholders of SYN (“SHR”), owning 100% of issued and outstanding shares of SYN (combined as the “Seller” and represented by Madan S. Kumar, the SHR Representative) as an Amendment to the Acquisition Agreement signed by the Parties effective the 27^thday of September 2011.

By this Amendment, the Parties hereby mutually agree to

Postpone the Closing Date which was scheduled on November 1, 2011 as per the Acquisition Agreement signed by the Parties effective the 27^thday of September 2011 to December 16, 2011.

Amend Section 4.4 in the Acquisition Agreement signed by the Parties effective the 27^thday of September 2011 to read as below:

“If the conditions and delivery of documents as listed above are not fulfilled by either party on or before December 30^th, 2011, this agreement will be terminated on December 30^th, 2011 without prejudice to either party.”

All other terms of the Acquisition Agreement signed by the Parties effective the 27^thday of September remain unchanged. The ACQUISITION AGREEMENT AMENDMENT signed effective 31^st day of October 2011 is hereby cancelled.

IN WITNESS WHEREOF, the parties have executed this Agreement on the date first written above.

GBS ENTERPRISES, INC.


BY:	/s/ Joerg Ott
	JOERG OTT
ITS:	CEO


SD HOLDINGS Ltd.


BY:	/s/ Madan S. Kumar
	Madan S. Kumar
ITS:	REPRESENTATIVE


SYN SHAREHOLDERS.


BY:	/s/ Madan S. Kumar
	Madan S. Kumar
ITS:	REPRESENTATIVE