Attached files
| file | filename |
|---|---|
| 8-K/A - Action Acquisition CORP | v207805_8ka.htm |
| EX-10.1 - Action Acquisition CORP | v207805_ex10-1.htm |
| EX-99.1 - Action Acquisition CORP | v207805_ex99-1.htm |
| EX-99.2 - Action Acquisition CORP | v207805_ex99-2.htm |
| EX-99.3 - Action Acquisition CORP | v207805_ex99-3.htm |
EXHIBIT
10.17
DESCRIPTION
OF ORAL AGREEMENT TO AMEND
THE SHARE
EXCHANGE AGREEMENT
On
September 10, 2010, the parties to the Share Exchange Agreement (hereinafter
referred to as this “Agreement”) entered
into on September 10, 2010, by and among ORB Automotive Corporation (f/k/a
Action Acquisition Corporation), a Cayman Islands exempted company, whose
registered office address is at c/o Stuarts Corporate Services Ltd. P.O. Box
2510, Grand Cayman KY1-1104, Cayman Islands and its controlling
shareholders Skyline Investors, LLC and Nautilus Global Partners, LLC, and Grand
Power Capital, Inc., a British Virgin Islands business company whose address is
Akara Bldg., 24 De Castro Street, Wickhams Cay 1, Road Town, Tortola, British
Virgin Islands (hereinafter referred to as “GPC”) and the
shareholders of GPC: Apollo Enterprises International, Inc., Aubo
Automobile, Inc., Universal Kingdom International, Ltd., Golden Grand
Enterprises, Ltd., Good Energy Enterprise, Ltd., Huge Pine Development, Ltd.,
agreed to remove Schedule 4.01(c) to the Agreement, as the information provided
therein was redundant and contained on Schedule 4.01(a) of the
Agreement.