Starbox Group Holdings Ltd. Ordinary Shares (STBX)
Filed: 26 Aug 24, 4:30pm
Exhibit 10.3
FIRST START COMPANY LIMITED
FIRST START COMPANY LIMITED
16-2, Jalan 3/64A
Udarama Complex
Off Jalan Ipoh
50350 Kuala Lumpur
Malaysia
Date: August 26, 2024
STARBOX GROUP HOLDINGS LTD.
VO2-03-07, Velocity Office 2
Lingkaran SV, Sunway Velocity
55100 Kuala Lumpur
Malaysia
IRACE TECHNOLOGY LIMITED
VO2-03-07, Velocity Office 2
Lingkaran SV, Sunway Velocity
55100 Kuala Lumpur
Malaysia
Dear Sirs,
RE: SOFTWARE PURCHASE AGREEMENT DATED August 26, 2024
We refer to the following documents:
| (i) | Software purchase agreement dated August 26, 2024 (“Agreement”) entered into between First Start Company Limited (Registration No. 236447) (“Assignor”), Irace Technology Limited (Registration No. 2131768) and Starbox Group Holdings Ltd. (Registration No. 381005); and |
| (ii) | Deed of Assignment dated August 26, 2024 (“Deed”) entered into between Assignor and the persons named in Schedule 1 of the Deed (the “Assignees”). |
The aforementioned documents are appended hereto for your reference. Unless otherwise defined herein, capitalised terms used in this notice shall have the same meanings given to them in the Agreement and the Deed.
We write to notify that, pursuant to the Deed, we have assigned, transferred and conveyed our right and entitlement to receive the Consideration Shares in favour of the Assignees.
Accordingly, we hereby authorise and instruct you to allot and issue the Consideration Shares directly to the Assignees. The number of Consideration Shares to be allotted and issued to each of the Assignees are as specified against each of the Assignees’ names in Schedule 1 of the Deed. Upon your issuance of the Consideration Shares to the Assignees, we agree and acknowledge that your payment obligation in respect of the Purchase Consideration under the Agreement shall be fully satisfied and discharged.
Yours faithfully,
For and on behalf of
FIRST START COMPANY LIMITED
| /s/ Kong Jian Jun | ||
| Name: | Kong Jian Jun | |
| Designation: | Director | |
ACCEPTANCE
We, STARBOX GROUP HOLDINGS LTD. (Registration No. 381005), hereby acknowledge the receipt of the notice and agree to the terms and conditions as stated in the notice above.
Signed by
For and on behalf of
STARBOX GROUP HOLDINGS LTD.
| /s/ Lee Choon Wooi | ||
| Name: | Lee Choon Wooi | |
| Designation: | Chief Executive Officer | |
Date: August 26, 2024
We, IRACE TECHNOLOGY LIMITED (Registration No. 2131768), hereby acknowledge the receipt of the notice and agree to the terms and conditions as stated in the notice above.
Signed by
For and on behalf of
IRACE TECHNOLOGY LIMITED
| /s/ Choo Keam Hui | ||
| Name: | Choo Keam Hui | |
| Designation: | Director | |
Date: August 26, 2024