Revised Collaboration Agreement between MSNI (M) Sdn Bhd and Monspacemall Sdn Bhd dated November 8, 2017
MSNI (M) Sdn Bhd and Monspacemall Sdn Bhd have agreed to revise their previous collaboration agreement. Effective retroactively from August 1, 2017, MSNI will now receive 6.5% of sales generated by monspacemall.com instead of 50% of profits. All other terms of the original agreement remain unchanged. This revision is confirmed by both parties' directors.
EXHIBIT 10.1
Date: November 8, 2017
Revised Collaboration Agreement
Further to the Collaboration Agreement dated April 7, 2017 between MSNI (M) Sdn Bhd (“MSNI”) and Monspacemall Sdn Bhd (“Monspacemall”), both parties hereby agree to revise MSNI’s revenue formula:
FROM the current 50% of profits generated by the business of monspacemall.com;
TO the revised 6.5% of sales generated by the business of monspacemall.com.
This revision shall take effect retroactively as of August 1, 2017 .
All other clauses not specifically mentioned herein shall remain in force as per the Collaboration Agreement.
REVISION AGREED BY PARTIES BELOW.
MSNI (M) SDN BHD
| /s/ Low Koon Poh | ||
| Director | ||
| MONSPACEMALL SDN BHD | ||
| /s/ Wong Tat Foong | ||
| Director | ||
