Extension Agreement 

 

This Extension Agreement is made effective July 7, 2015, by and among Royale Globe Holding, Inc., a Nevada corporation having its place of principal executive office at 30-01 Menara Keck Seng. No 203, Jalan Bukit Bintang 55100 Kuala Lumpur, Malaysia (the "Company"); RMC Mining Sdn. Bhd., a company incorporated under the laws of Malaysia, having an address at No 32A-2 Jalan Teknologi 3/6C, Taman Sains Selangor 1, Seksyen 3, Kota, Damansara, Petaling Jaya, Selangor Darul Ehsan, 47810, Malaysia ("RMC"); and MARICOM Sdn.. Bhd., a company incorporated under the laws of Malaysia, having an address at PT 225, 2^nd Floor, Jalan Kebun Sultan, Kota Bahru, 15300 Kelantan ("Maricom").

WHEREAS, the Company, RMC and Maricom are parties to that certain Share Exchange Agreement dated March 20, 2015 (the "Share Exchange Agreement"), pursuant to which the Company agreed to acquire from RMC such number of shares representing 99.6% of the issued and outstanding shares of Maricom (the "Acquisition");

WHEREAS, in connection with the Acquisition, the Company agreed to issue to RMC 600,000,000 shares of the Company's common stock, at an agreed value of USD $0.50 per share;

WHEREAS, the parties to the Share Exchange Agreement desire to extend the Closing Date of the Acquisition in accordance with the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing recitals and for good and valuable mutual consideration, the receipt of which is hereby acknowledged, the parties, intending to be legally bound, do hereby agree to the following terms and conditions: