EX-10.14 5 v470364_ex10-14.htm EXHIBIT 10.14

 

Exhibit 10.14

 

Joint Business Agreement (Contract Amendment)

 

 

Purpose

 

This Agreement shall be by and among SWA Thailand, SMark Co. Ltd, Digiwork Korea, Ratanaphon Wongnapachant and Chanikarn Lertchawalitanon for joint business. This agreement is to amend the Payment of License Fee and Exclusivity Clause, originally agreed on 8th September, 2016 and amended on 28th February, 2017 and on 31st March, 2017 between SWA Thailand, SMark Co., Ltd., Digiwork Korea, Ratanaphon Wongnapachant and Chanikarn Lertchawalitanon on July 10, 2017.

 

Payment of License Fees and Exclusivity

 

A. The Joint Corporation (Digiwork Thailand Co., Ltd) shall pay a total license fee of USD 1,100,000 to SMark/Digiwork Korea according to the schedule listed below. All the fees and expenses required for the joint corporation (SPC) shall be paid by Joint Corporation.

 

i.The total license fee shall be changed from $10,000,000 to $1,100,000.

Contract Amount $100,000
Final Payment $1,000,000
Total $1,100,000

 

 

ii.The license fee payment schedule is as follows:
Date Payment Amount
2016.09.08. 1st Payment $100,000
2017.08.31 2nd Payment $1,000,000
  Total: $1,100,000

 

 

iii.2016.09.08 - Payment of USD 100,000

 

iv.2017.08.31 – Payment of USD 1,000,000

 

[Signature page to follow]

 

 

 

  

A: Thailand partner

 

SWA Thailand

 

Name/Title:

 

 

 

__________________________________

 

Date:

 

 

 

B: Korea partner SMark Co. Ltd.

 

Name/Title:

 

 

 

__________________________________

 

Date:

 

 

 

C: Digiwork Korea

 

Name/Title:

 

 

 

__________________________________

 

Date:

 

 

 

D: Ratanaphon Wongnapachant

 

 

 

__________________________________

 

Date:

 

 

 

E: Chanikarn Lertchawalitanon

 

 

 

__________________________________

 

Date: