AERKOMM INC. AND MESH TECHNOLOGY TAIWAN LIMITED AND MIXNET TECHNOLOGY LIMITED SHARE PURCHASE AGREEMENT
Exhibit 10.1
Dated July 31, 2023
AND
MESH TECHNOLOGY TAIWAN LIMITED
AND
MIXNET TECHNOLOGY LIMITED
Relating to the sale and purchase of all of the issued and outstanding share capital of each of Mesh Technology Taiwan Limited and Mixnet Technology Limited
Table of Contents
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This Share Purchase Agreement (this “Agreement”) is entered into on July 31, 2023
By and Among:
| (1) | Mesh Technology Taiwan Limited, a company incorporated in Tainan of Republic of China (the “ROC” or “Taiwan”), whose registered address is at 0X., Xx. 000, Xxxxxx Xx., Xxxx Xxxx., Xxxxxx Xxxx 000, Xxxxxx (R.O.C.) (the “Seller”), and the initial shareholders listed on Exhibit A attached hereto (each, an “Initial Shareholder” and collectively the “Initial Shareholders”); |
| (2) | Mixnet Technology Limited, a company incorporated in the Republic of Seychelles, whose registered address is at Vistra Corporate Services Centre, Xxxxx 00, 0xx Xxxxx, Xxxx Xxxxx, Xxxx Xxxxxx, Xxxx, Xxxxxxxx xx Xxxxxxxxxx, (the “Company”, together with Mesh Technology Taiwan Limited, the “Target Companies”); |
| (3) | The shareholders of the capital stock of the Company listed on Exhibit A (the “Company Shareholders”); and |
| (4) | Aerkomm Incorporation, a company incorporated in the State of Nevada in the United States, whose registered address is at 00000 Xxxxxxx, Xxxx Xxxxxxx, XX 00000, US (the “Purchaser,” together with Target Companies, the Initial Shareholders and the other Company Shareholders, the “Parties”) |
Whereas:
| (A) | The Company has been formed to hold and own, and currently does own, all of the outstanding share capital of the Seller. |
| (B) | The Company, the Seller and the Initial Shareholders have agreed to sell, and the Purchaser has agreed to purchase (the “Transaction”), all of the outstanding share capital of the Company (the “Sale Shares”) on the terms and subject to the conditions of this Agreement. |
| (C) | The Purchaser and the Seller desire to appoint an Escrow Agent to act in accordance with and subject to the terms of this Agreement. |
| (D) | The Initial Shareholders of the Seller have agreed to proceed with the sale of the Sale Shares, as set forth opposite their respective names in Exhibit A attached hereto, and to deposit into escrow the Sale Shares (the “Escrow Shares”) as hereinafter provided. |
| (E) | The Target Companies and Initial Shareholders desire that the Escrow Agent accept the Escrow Shares, in escrow, to be held and disbursed to the Purchaser as hereinafter provided. |
| (F) | The Seller, the Company and the Purchaser have agreed to the execution of this Agreement as soon as practicable and to effectuate the Closing of the Transaction on or prior to August 9, 2023, or as soon as practicable thereafter. |
It is agreed as follow:
| 1. | Definitions and interpretation |
In this Agreement, unless the context otherwise requires or otherwise specified, the provisions of this Clause 1 apply.
| 1.1 | Definitions |
“Business Day” means any day (other than a Saturday or Sunday or statutory holidays in Taiwan) on which banks are generally open for business in Taiwan.
“Closing” means the consummation of the transfer of the Sale Shares.
“Closing Date” means the date of Closing.
“Encumbrance” means any mortgage, charge, pledge, hypothec, security interest, assignment, lien (statutory or otherwise), easement, title retention agreement or arrangement, conditional sale, deemed or statutory trust, restrictive covenant or other encumbrance of any nature which, in substance, secures payment or performance of an obligation.
“FIA” shall mean the foreign investment application to be submitted by the Purchaser to the Investment Commission of the Ministry of Economic Affairs for the purchase of the Sale Shares from the Company as provided herein.
“Law(s)” means any constitutional provision, statute or other law, rule, regulation, official policy or interpretation of any governmental authority and any injunction, judgment, order, ruling, assessment or writ issued by any governmental authority.
“Material Adverse Effect” means any (a) event, occurrence, fact, condition, change or development that has had or reasonably would be expected to have a material adverse effect on the business, operations, value, financial, operating results, prospects, or other condition, assets or liabilities of the Company or the Seller, either individually or taken as a whole; (b) material impairment of the ability of the Company or the Seller to perform their respective obligations hereunder or under any other ancillary agreements, as applicable; or (c) change, event or effect that is or would reasonably be expected to have a material and adverse effect on the legality, validity or enforceability of this Agreement or any ancillary agreements.
| 1.2 | Clauses, Schedules, etc. |
References to this Agreement include any Schedules to the Agreement and references to Clauses and Schedules are to Clauses of and Schedules to this Agreement.
| 1.3 | Number and gender |
In this Agreement, the singular includes the plural and vice versa. Words denoting any gender include the other gender and words denoting natural persons include any other persons.
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| 1.4 | Persons and companies |
References to a person includes any company, corporation, firm, joint venture, partnership or unincorporated association (whether or not having separate legal personality) and to a company include any company, corporation or anybody corporate, wherever incorporated.
| 1.5 | Information |
Any reference to books, records or other information means books, records or other information in any form including paper, electronically-stored data, magnetic media, film and microfilm.
| 1.6 | Time |
References to times of the day are to Taiwan time.
| 1.7 | Documents |
References to a contract or document are to that contract or document as amended, supplemented, modified, restated or novated from time to time.
| 1.8 | Words of inclusion |
The words “including,” “include” and words of similar effect are made on a non-exhaustive and without limitation basis.
| 1.9 | Agreed Form |
References to any document in the “agreed form” means that document in a form agreed to by the Parties in writing.
| 2. | Sale and purchase |
| 2.1 | The Target Companies will sell, and the Purchaser will purchase, the Sale Shares, free and clear of any liens or other Encumbrances, and in each case on the terms and subject to the conditions set forth in this Agreement. (A detailed Sale and Purchase Flow Chart is attached hereto as Appendix A.) |
| 2.2 | Appointment of the Escrow Agent. The Seller and the Initial Shareholders hereby hereby agree to appoint an independent escrow agent (the “Escrow Agent”) to act in accordance with and subject to the terms of this Agreement. The Parties and the Escrow Agent shall enter into a separate escrow agreement (the “Share Escrow Agreement”) pursuant to which the Escrow Agent will accept such appointment and agree to act in accordance with and subject to the terms of this Agreement. |
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| 2.3 | Deposit of Escrow Shares. On or prior to the date hereof, each of the Initial Shareholders shall have delivered to the Escrow Agent certificates representing such Initial Shareholder’s respective Escrow Shares, together with applicable stock powers, to be held and disbursed subject to the terms and conditions of this Agreement. Each of the Initial Shareholders acknowledges that the certificate(s) representing such Initial Shareholder’s Escrow Shares are legended to reflect the deposit of such Escrow Shares under this Agreement. |
| 2.4 | Re-organisation of The Target Companies. The Initial Shareholders have agreed to transfer 100% of the issued and outstanding shares of capital of the Seller to the Company as a completed structure for the Purchaser to acquire the Target Companies as a whole. Prior to the Closing of the Transaction, the Company will change its company name to Mesh Technology Limited as is in accordance with the applicable special Taiwan Law requirement. |
| 2.5 | The Target Companies will sell the Sale Shares free from and clear of Encumbrances and together with all rights and advantages attaching to the Sale Shares at Closing (including the right to receive all dividends or distributions declared, made or paid on or after Closing). |
| 2.6 | The Seller will procure that on or prior to Closing any and all rights of pre-emption, rights of first refusal or other third party right with respect to the Sale Shares are waived irrevocably by the persons entitled thereto. |
| 3. | Consideration |
| 3.1 | Initial Consideration |
The aggregate consideration for the purchase of the Escrow Shares under this Agreement (the “Consideration Amount”) shall be the US$16,500,000.00. The Parties have agreed that the Consideration Amount shall be paid in the form of 7,000,448 newly issued shares of the Purchaser’s restricted common stock (the “Consideration Shares”) to be distributed to the Initial Shareholders. The Parties have agreed that number of Consideration Shares shall be determined by dividing the Consideration Amount by the Euro closing price of the Common Stock on the Euronext Paris Market on June 30, 2023, converted into the US$ equivalent based on a Euros to US Dollars exchange rate as of June 30, 2023, as quoted on the Nasdaq Stock Market website (See Appendix B hereto for reference to this Consideration Shares calculation.)
| 3.2 | Reduction of Consideration |
If any payment is made by the Seller to the Purchaser in respect of any claims for any breach of this Agreement, the payment will (so far as possible) be deemed to be a reduction of the Consideration paid by the Purchaser.
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| 3.3 | Completion Accounts |
The Seller shall prepare consolidated Completion Accounts for the period from January 1, 2023 to the month-end immediately preceding the date of Closing (the “Completion Accounts Reference Date”), to be audited, and shall deliver a copy of the unqualified audited Completion Accounts (the “Audited Completion Accounts”) to the Purchaser within 70 days after Closing.
| 4. | Conditions precedent |
| 4.1 | Conditions to Closing |
Closing may only take place if the following conditions precedent have been satisfied or waived in accordance with the terms of this Agreement:
| 4.1.1 | Initial Shareholders shall have deposited the Escrow Shares with the Escrow Agent, and shall have signed all company documents, but not limited to, the instrument of share transfer and company resolution subject to such terms. |
| 4.1.2 | The Patries and the Escrow Agent shall have fully executed a Share Escrow Agreement. |
| 4.1.3 | All regulatory approvals which are required for Closing to occur having been obtained either: |
(i) without any condition; or
(ii) if conditions have been imposed, on terms which will not materially adversely affect the Purchaser, the Purchaser’s controlling shareholders and their respective Subsidiaries and associates (the “Purchaser Group”), or the Target Companies and their respective Subsidiaries (which would result in the effect set out in (ii) above) or criminal liability having been imposed or dictated on any member of the Purchaser Group or the Target Companies Group or their respective officers or employees by, relevant regulators and governmental authorities in Taiwan, including: (x) the clearance of the combination filing, if applicable, from the Taiwan Fair Trade Commission; or (y) any approval, if applicable, arising from a change of control of any of the Target Companies;
| 4.1.4 | No new laws or amendments to any existing laws shall have been promulgated or issued in Taiwan, and no draft new law or draft amendment to any existing laws shall have been submitted by the Executive Yuan to the Legislative Yuan for legislation which would render the transactions contemplated under this Agreement not permissible or illegal; |
| 4.1.5 | No new laws or amendment to any existing laws which would render the sale of the Sale Shares not permissible or illegal, and no restraining governmental order or permanent injunction or other governmental order preventing any members of the Target Companies from carrying out their businesses in Taiwan in the ordinary course shall have been enacted or issued; |
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| 4.1.6 | No material breach of any of the Seller’s warranties and undertakings set out under Clauses 6.1.2 and 6.1.3 shall have occurred; and |
| 4.1.7 | The sale and purchase of the Sale Shares shall take place remotely via the exchange of documents and signatures within seven (7) Business Days following the satisfaction or waiver of all the closing conditions set forth herein, or at such other time and place as the Targeted Companies and the Purchaser mutually agree upon in writing. |
| 4.2 | Long Stop Date |
This Agreement shall automatically terminate if the conditions set out in Clause 4.1 are not satisfied (or, where applicable, are waived) on or before July 31, 2024.
| 5. | Closing and Delivery |
| 5.1 | Following the execution of Share Escrow Agreement and on or prior to the Closing Date, the Purchaser shall have issued and delivered the Consideration Shares, the Seller shall have delivered the Sale Shares, and each of the parties shall have delivered any required signed documents including, but not limited to, instruments of share transfer and company resolutions subject to such terms of this Agreement. |
| 5.2 | At the Closing, the Escrow Agent shall deliver (i) to the Purchaser, the Sale Shares and all required signed Target Company documents, and (ii) to the Seller, the Consideration Shares. |
| 6. | Conditions to the Purchaser’s Obligations at the Closing |
The obligation of the Purchaser to purchase the Sale Shares at the Closing, unless otherwise waived by the Purchaser, is subject to the fulfilment, to the satisfaction of the Purchaser on or prior to the Closing Date, of the following conditions, except for those with a specified date, on or prior to such specified date:
| 6.1 | With respect to the Closing, the representations and warranties made by the Targeted Companies in Section 8 shall be true and correct when made, and shall be true and correct as of the Closing Date with the same force and effect as if they had been made on and as of the Closing Date or any such date specified in the representations and warranties, subject to changes contemplated by this Agreement. |
| 6.2 | The Purchaser shall have obtained the FIA approval and all other government approvals, if any, as may be required in connection with the Transaction. |
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| 6.3 | The Purchaser shall have completed a due diligence review on the business, legal (including any compliance matters related to anti-corruption and anti-bribery), financial and tax aspects of the Company and the results are satisfactory to the Purchaser as of the Closing Date. |
| 6.4 | No Material Adverse Effect. Since the date of this Agreement and until the Closing Date, there shall have been no event, change, development, condition or circumstance constituting or giving rise to a Material Adverse Effect. |
| 7. | Conditions to the Targeted Companies’ Obligations at the Closing |
The obligation of the Targeted Companies to issue and sell the Sale Shares at the Closing, unless otherwise waived by the Targeted Companies, is subject to the fulfilment, to the satisfaction of the Targeted Companies on or prior to the Closing Date, of the following conditions, except for those with a specified date, on or prior to such specified date:
| 7.1 | With respect to the Closing, the representations and warranties made by the Purchaser in Section 10 shall be true and correct when made, and shall be true and correct as of the Closing Date with the same force and effect as if they had been made on and as of the Closing Date or any such date specified in the representations and warranties, subject to changes contemplated by this Agreement. |
| 8. | Representations and Warranties of the Targeted Companies |
The Targeted Companies hereby represent and warrant to the Purchaser that the following statements are true, correct, complete and not misleading as of the date of this Agreement and will continue to be true, correct, complete and not misleading as of the Closing Date.
| 8.1 | Each of the Seller and the Company is a corporation duly organized, validly existing under the laws of Taiwan and Republic of Seychelles, respectively, and has all requisite corporate power and authority to carry on its business as presently conducted and as presently proposed to be conducted. The Targeted Companies are duly qualified to transact business and are in good standing in applicable jurisdictions. |
| 8.2 | Each of the Targeted Companies has full legal capacity and all requisite power and authority to execute and deliver this Agreement, and to carry out the provisions of this Agreement and is not under any prohibition or restriction, contractual, statutory or otherwise against doing so. |
| 8.3 | (i) There are presently no existing circumstances that are likely to result in any violation of or liability under any applicable Laws or other requirements relating to the assets, liabilities, results of operation, condition, financial or otherwise, or prospects of the Targeted Companies; and (ii) the Targeted Companies have not received any written or oral notification of any asserted present or past failure by either of the Targeted Companies to comply with such laws, rules or regulations, or contracts or agreements. |
| 8.4 | There is no pending action, suit, proceeding, arbitration, mediation, complaint, claim, charge or investigation before any court, arbitrator, mediator or governmental body or, to the Targeted Companies’ knowledge, currently threatened in writing (a) against either of the Targeted Companies or (b) against any consultant, officer, director or employees of either of the Targeted Companies arising out of his or her consulting, employment or board relationship with either of the Targeted Companies, that could cause a Material Adverse Effect to either of the the Targeted Companies, or could otherwise materially impact the validity of this Agreement and the Transaction. |
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| 8.5 | Intellectual Property. |
| 8.5.1 | The Seller has not granted to any third party any exclusive license to any of the Seller’s intellectual property (“Seller Intellectual Property”). |
| 8.5.2 | To the Knowledge of the Seller, the operation of the business of the Seller as it is presently conducted does not infringe, misappropriate or violate the intellectual property of any third party and the Seller Intellectual Property constitutes all of the intellectual property necessary for the operation of the Seller’s business as presently conducted. The Seller has not received any written communication alleging that the Seller has violated any intellectual property rights of a third party. |
| 8.5.3 | The Seller has taken reasonable steps to protect and preserve the Seller Intellectual Property and the confidentiality of all trade secrets and other confidential or non-public information of the Seller. |
| 8.6 | Litigation. There are no claims, actions, suits, arbitrations, proceedings or investigations pending against the Seller (nor has the Seller received written notice of any threat thereof) before any court or governmental agency. |
| 8.7 | Financial Statements. |
| 8.7.1 | Each of the Targeted Companies has delivered to the Purchaser its latest audited financial statements (collectively, the “Financial Statements”). Such Financial Statements: (i) are in accordance with the books and records of the Targeted Companies; and (ii) are true, correct and complete and present fairly the financial condition of each of the Targeted Companies at the date or dates therein indicated and the results of operations for the period or periods therein specified. |
| 8.7.2 | Except as set forth in the Financial Statements, neither of the Targeted Companies has any material liabilities or obligations, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business, and (ii) obligations under contracts and commitments incurred in the ordinary course of business. |
| 9. | Representations of the Company Shareholders; No Other Representations or Warranties |
| 9.1 | Each of the Company Shareholders has full capacity and authority to enter into this Agreement and any other agreement or document entered into pursuant to this Agreement and to perform the obligations to which he is bound under this Agreement. |
| 9.2 | This Agreement, upon execution by each of the Company Shareholders, will constitute for each of the Company Shareholders a valid and binding agreement, enforceable against each of the Company Shareholders in accordance with its terms. |
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| 9.3 | No governmental authorization is required to be obtained by the Company Shareholders or the Target Companies prior to the Closing in connection with the signing of the Agreement or the consummation of the Transaction contemplated by the Agreement. |
| 9.4 | The execution, delivery and performance by each of the Company Shareholders of this Agreement will not: |
| - | result in a breach of, conflict with or constitute a default under, any agreement or arrangement or applicable Law, or any term under any agreement or deed to which that Company Shareholder is a party or by which he is bound; or |
| - | result in a breach of any Law or order, judgement, writ, injunction or decree of any court, governmental authority or regulatory body to which that Company Shareholder is a party or by which he is bound. |
| 9.5 | The Sale Shares are legally and beneficially owned only by each of the Company Shareholders in accordance with the table provided in Exhibit A to this Agreement and are free from all liens or other Encumbrances and no person has claimed to be entitled to a lien in relation to any of the Sale Shares. The Sale Shares represent 100% of the Company’s share capital and voting rights. |
| 9.6 | Except as otherwise expressly set forth in Section 8 or in this Section 9 of this Agreement, the Targeted Companies expressly disclaim any representations or warranties of any kind or nature, statutory, express or implied, including any representation or warranty as to the accuracy or completeness of any information regarding the Targeted Companies made available to the Purchaser or its representatives, including its condition (financial or otherwise) or prospects, business, or operation, and any information, documents or material made available to the Purchaser in the data room, management presentations or in any other form in expectation as the transaction contemplated hereby or as to the condition, value or quality of the business of the Targeted Companies. |
| 10. | Representations and Warranties of the Purchaser |
The Purchaser hereby represents and warrants to the Targeted Companies that the following statements are true, correct, complete and not misleading as of the date of this Agreement and will continue to be true, correct, complete and not misleading as of the Closing Date.
| 10.1 | The Purchaser is a corporation incorporated and validly existing under the laws of the State of Nevada, and has all requisite corporate power and authority to carry on its business as now conducted and to invest in the Targeted Companies by purchasing the Sale Shares contemplated hereunder. |
| 10.2 | This Agreement will constitute a valid and legally binding obligation of the Purchaser, subject to, as to enforcement of remedies, applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally. |
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| 11. | Covenants, Undertakings and other Agreements |
| 11.1 | Subject to the terms of this Agreement, each Party shall use best endeavours to take, or cause to be taken, all actions and do all things necessary, proper or advisable in order to consummate and make effective the transaction contemplated by this Agreement. |
| 11.2 | During the production, manufacturing and sales process, the Targeted Companies shall comply with all applicable laws, and shall strike a proper balance between or among the corporate governance, environmental protection, human rights, community engagement, employees’ welfare, shareholders’ rights, relationship with the upstream and downstream manufacturers, and relationship with the customers. The Targeted Companies undertakes to, by taking the interest of all stakeholders into account, year by year promote the efficacy of the corporate governance, sustainable development and environment protection. |
| 11.3 | The representations and warranties contained in Section 8 hereof shall survive the Closing. |
| 11.4 | Resale Registration. No later than thirty (30) days after the filing by the Purchaser with the Securities and Exchange Commission (the “SEC”) of the Purchaser’s quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2023 (the “Filing Deadline”), the Purchaser shall prepare and file with the SEC a registration statement on Form S-1(the “Registration Statement”) covering the resale of all of the Consideration Shares. The Purchaser will use it best efforts to cause such Registration Statement to be declared effective by the SEC under the Securities Act of 1933, as amended (the “Securities Act”), as promptly as possible and within 75 days after the Filing Deadline date. |
| 11.5 | Irrevocable Proxy. The Seller, the Company and the Initial Shareholders, or their designees or assigns (the “Selling Parties”), hereby irrevocably and unconditionally grant a proxy to the Purchaser appointing the Chief Executive Officer of the Purchaser as such Selling Parties’ attorney-in-fact and proxy, with full power of substitution, for and in such Selling Parties’ names, to vote, express, consent or dissent, or otherwise to utilize such voting power as the Purchaser, the Purchaser’s Chief Executive Officer or its proxy or substitute shall, in the Purchaser’s sole discretion, deem proper with respect to the Consideration Shares. The proxy granted by the Selling Parties pursuant to this Section 11.5 (i) is irrevocable and is granted in consideration of the Purchaser’s entering into this Agreement and issuing its voting common stock to the Selling Parties and (ii) shall remain in place with respect to any of the Consideration Shares until such time as, except as set forth in the following sentence, any such Consideration Shares are sold pursuant to the Registration Statement. The Selling Parties shall ensure that any transferee of Consideration Shares either purchased privately from any of the Selling Parties or through the Registration Statement where such public sale constitutes ten percent (10%) or more of the Consideration Shares shall grant to the Purchaser a proxy to the same effect as that contained herein. The Selling Parties shall perform such further acts and execute such further documents as may be required to vest in the Purchaser the sole power to vote the Consideration Shares during the term of the proxy granted herein |
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| 12. | Expenses |
| 12.1 | Buyer shall pay all the expenses incident to this Agreement and the transactions contemplated hereby and thereby. |
| 13. | Miscellaneous |
| 13.1 | This Agreement will be governed by and construed under the laws of Taiwan without giving effect to any choice of law or conflict of law provision or rule thereof. |
| 13.2 | Any dispute, controversy, difference or claim arising out of, relating to or in connection with this Agreement, or the breach, termination or invalidity thereof, shall be finally settled by the Taiwan Taipei District Court as the court of the first instance. |
| 13.3 | Any term of this Agreement may be amended only with the written consent of the Parties. |
| 13.4 | This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. |
| 13.5 | Restrictive Legend. The Selling Parties understand that the certificates representing the Consideration Shares, until such time as they have been registered under the Securities Act, shall bear a restrictive legend in substantially the following form (and a stop-transfer order may be placed against transfer of such certificates or other instruments): |
THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.
THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF PROXY IN FAVOR OF THE CORPORATION AND/OR ITS ASSIGNEE(S) AS PROVIDED IN THAT CERTAIN SHARE PURCHASE AGREEMENT BY AND AMONG THE CORPORATION AND THE OTHER PARTIES THERETO.
| 13.6 | Indemnification by Initial Shareholders. The Initial Shareholders shall indemnify and hold the Purchaser harmless from and against any claims, demands, actions, causes of action, judgments, damages, losses (which shall include any diminution in value), liabilities, costs or expenses (including interest, penalties and reasonable attorneys, and experts, fees and disbursements), which may be made against the Purchaser or which it may suffer or incur as a result of, arising out of, or relating to any violation, contravention or breach of any covenant, agreement, representation or obligation of any of the Selling parties under or pursuant to this Agreement. |
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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.
| Seller: | Mesh Technology Taiwan Limited | |
| By: | ||
| Name: | Xxxxx Xxxx | |
| Title: | Chief Executive Officer | |
| Company: | Mixnet Technology Limited | |
| By: | ||
| Name: | Xxxxx Xxxx | |
| Title: | Director | |
| Purchaser: | Aerkomm Inc. | |
| By: | ||
| Name: | Xxxxx Xxxxxxxxxxx | |
| Title: | Chief Executive Officer | |
| Initial Shareholders | ||
| By: | ||
| Name: | Xx Xxx Xxxxx Xxxx | |
| By: | ||
| Name: | Xxxxxx Xxxx | |
| By: | ||
| Name: | X.Xxxx | |
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Exhibit A
Shareholders Table of Mesh Technology Taiwan Limited
May 16th of 112th year of Republic of China
| Serial number |
Shareholder name |
Identity number |
Address | Number of shares |
Paid up capital (TWD) |
Remarks |
| 1 | Ka Kin Xxxxx Xxxx | D180003152 | 7F.-1, Xx. 00, Xx. 000, Xxx. 0, Xxxxxxx Xx., Xxxx Xxxx., Xxxxxx Xxxx 000000, Xxxxxx (R.O.C.) | 2,144,887 | 2,068,866 | |
| 2 | Xxxxxx Xxxx | R224110813 | 7F.-1, Xx. 00, Xx. 000, Xxx. 0, Xxxxxxx Xx., Xxxx Xxxx., Xxxxxx Xxxx 000000, Xxxxxx (R.O.C.) | 100 | 1,000 | |
| 3 | X.Xxxx | J221100293 | 4F., Xx. 0, Xx. 000, Xxx. 4, Ren’ai Rd., Da’an Dist., Taipei City 106064, Taiwan (R.O.C.) | 2,060,773 | 1,987,734 | |
| Unissued share capital | 5,794,240 | 0 | ||||
| Issued share capital | 4,205,760 | 4,057,600 | ||||
| Total share capital | 10,000,000 | 0 |
Shareholders Table of Mixnet Technology Limited
| Types of shares issued | Issued to (Applicant(s)) | Number of shares issued | Total price of paid |
| Ordinary share(s) | XXXX XX XXX XXXXX | -1000- | US$1,0000 |
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Appendix A
Sale and Purchase Flow Chart
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Appendix B
Calculation of newly issued shares from Purchase.
Close price of common stock on the Euronext market on 30/6/2023.
xxxxx://xxxx.xxxxxxxx.xxx/xx/xxxxxxx/xxxxxxxx/XX00000X0000-XXXX#xxxxxxxxxx-xxxxx
EUR2.16
The last available Euros to Dollars exchange rate quote on Nasdaq on 30/6/2023.
xxxxx://xxx.xxxxxx.xxx/xxxxxx-xxxxxxxx/xxxxxxxxxx/xxxxxx/xxxxxxxxxx
1.0912
Number of newly issued shares:
Consideration / Closing share price of AKOM in Euronext on 30/6/2023 in Dollars
USD16,500,000 / (EUR2.16 x 1.0912) = 7,000,448 shares
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