Attached files
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8-K - FORM 8-K - Alternative Investment Corp | paradigm_8k.htm |
Exhibit 10.1
AMENDMENT OF AGREEMENT
BETWEEN
PARADIGM RESOURCE MANAGEMENT CORPORATION
AND
AMSA DEVELOPMENT TECHNOLOGY CO LTD
REGARDING
the purchase option and exchange of shares in
TOSS PLASMA TECHNOLOGIES LIMITED
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AMENDMENT OF AGREEMENT
THIS AMENDMENT OF AGREEMENT (hereinafter referred to as “the Amendment”), made and entered into this 4th day of December, 2013, between PARADIGM RESOURCE MANAGEMENT CORPORATION, a company incorporated in the State of Nevada, U.S.A, whose principal place of business is at 1900 South Norfolk Street, Suite 350, San Mateo, California 94403 U.S.A; and AMSA DEVELOPMENT TECHNOLOGY CO LTD, a company incorporated in Belize whose registered place of business is Suite 2, 3rd floor, 10 Eve Street, Belize City, Belize, otherwise known as “the parties”;
WHEREAS the two parties hereto had previously executed a mutually binding Agreement as of 24th July, 2013, and filed as an 8K with the US Securities & Exchange Commission on August 7th, 2013, and
WHEREAS both parties have been actively engaged in drawing their respective businesses closer together for their common mutual benefit;
WHEREAS since the date of the original Agreement, AMSA Development Technology Co Ltd. has increased its ownership of TOSS Plasma Technologies Limited from 67% to 86%;
NOW, THEREFORE both parties wish to mutually increase each’s potential equitable ownership of the other; and to that effect have therefore hereby AMENDED their previous Agreement noted supra solely as follows, all other elements remaining unchanged and in full force and effect:
“Section 4. CONSIDERATION” of the Original Agreement alone shall be amended as follows;
4. | CONSIDERATION |
The valid current Consideration given by each side for this Amendment is the higher percentage allowed as an option to the other.
a) | Whereas Paradigm Resource Management Corp previously had the option rights to acquire “up to 30%” of the TOSS Plasma Technologies Limited shares held by AMSA Development Technology Co Ltd.; under this Amendment they now have the right to acquire a total of up to 3,432,000 shares, or 86% of the common shares of TOSS Plasma Technologies Limited held by AMSA Development Technology Co Ltd. |
b) | Whereas AMSA Development Technology Co Ltd previously had the option rights to purchase “up to 15%” of Paradigm Resource Management Corp, by this Amendment they now have the option to purchase up to 229,866,667 of the common shares, or 64% of Paradigm Resource Management Corp. |
c) | These options for purchase shall remain valid for a period of 180 days from today’s date. |
2. | All the other conditions of the Original Agreement shall remain unchanged and in full force and effect. |
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SIGNATURE PAGE
SIGNED by /s/ Takavori Ozaki
for and on behalf of
PARADIGM RESOURCE
MANAGEMENT CORPORATION
in the presence of: - Masaaki Hori
SIGNED by /s/ Sam Shao Shyh-Aur
Sam Shao Shyh-Aur
for and on behalf of
AMSA DEVELOPMENT TECHNOLOGY CO LTD
in the presence of:- Tony Heo
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