Agreement To ExtendThe Closing of The Share Exchange Agreement
Exhibit 10.1
Agreement To Extend The Closing of The Share Exchange Agreement
Pursuant to the Share Exchange Agreement dated August 28, 2014 (referred to as the “Agreement”) entered into BETWEEN:
GOLD UNION, INC., a Delaware corporation having its principal office at Shop 35A, Ground Floor, Hop Yick Commercial Centre Phase 1, 33 Hop Choi Street, Yuen Long, NT, Hong Kong, China (referred to as “the Company”) and G.U. INTERNATIONAL LIMITED (Company Number: 150871), a wholly owned subsidiary of the Company, incorporated in the Republic of Seychelles under the International Business Company Acts 1996 of the Republic of Seychelles, having its registered address at Second Floor, Capital City, Independence Avenue, P.O. Box 1008, Victoria, Mahe, Republic of Seychelles (referred to as “GUI”);
AND
KAO WEI-CHEN (aka KAO HSUAN-YING), holding Taiwan Citizen Identity (No. P 201459182), a citizen of Taiwan (Republic of China) having an address at L8-09 Wisma BU 8, No. 11 Lebuh Bandar Utama, Bandar Utama PJU 6, 47600 Petaling Jaya, Selangor, Malaysia (referred to as “Kao”), the parties agreed and accepted the terms and conditions set forth therein for the Company to acquire through GUI from Kao and certain individuals and corporations (referred to as the “PPGCT Investors”) Four Hundred and Eighty (480) shares of the common stock of PHNOM PENH GOLDEN CORRIDOR TRADING CO. LTD., (Commercial Registration ID No.: Co. 1800KH/2013), a private limited company incorporated under the laws of the Kingdom of Cambodia having its head office at No.56AB Third Floor, Street 432, Sangkat Tuol Tompoung 1, Khan Chamkar Mon, Phnom Penh, Kingdom of Cambodia, and an address at No. 1EO, Street 211/138, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Kingdom of Cambodia (referred to as “PPGCT Common Stock”), representing 48% of the total issued and outstanding shares of the PPGCT Common Stock (hereinafter referred to as the “Sale Shares”) for a total consideration of United States Dollars Five Million (USD 5,000,000) only (hereinafter referred to as the “Consideration”) to be satisfied by the issuance by the Company of 2,500,000,000 shares of the Company’s common stock in aggregate, valuing the shares of the Company’s common stock at USD 0.002 per share, to Kao and the PPGCT Investors (referred to as the “Exchange”).
Due to certain unforeseen circumstances, the parties hereby agree to extend the closing of the transactions contemplated in the Agreement (referred to as the “Closing”) to up to sixty (60) days from October 30, 2014, the initial target date as set forth in Section 2.2 of Article II of the Agreement. The parties further agree to take all necessary and prompt actions so as to complete the Closing on or before December 30, 2014 or at such other date as may be further agreed to by the parties in writing.
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Agreed to on October 30, 2014 by:
GOLD UNION, INC. (“The Company”)
By: /s/ Supachai Sae-Chua
Supachai Sae-Chua
Chief Executive Officer,
Chief Financial Officer and Director
G.U. INTERNATIONAL LIMITED (“GUI”) Witnessed By:
By: /s/ Supachai Sae-Chua
Supachai Sae-Chua
Director
KAO WEI-CHEN (aka KAO HSUAN-YING)
(“Kao”)
By: /s/ Kao Wei-Chen
Kao Wei-Chen (aka Kao Hsuan-Ying)
Identity No.: P 201459182
(Taiwan)
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