Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 25

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 25
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 the Service Agreement, the pledge agreement shall be terminated, and Jowell
Shanghai shall then cancel or terminate the agreement as soon as reasonably practicable.

Under the Exclusive Option
to Purchase Agreement, shareholders of Shanghai Juhao and Shanghai Juhao irrevocably granted Jowell Shanghai (or its designee) an
exclusive option right to purchase, to the extent permitted under PRC law, once or at multiple times, at any time, all or part of the
equity of Shanghai Juaho held by the shareholders of Shanghai Juaho. Unless an appraisal is required by the laws of China applicable to
the equity interest purchase option when exercised by Jowell Shanghai, the purchase price shall equal to the actual capital contributions
paid in the registered capital by such shareholder for its equity interest in Shanghai Juhao or the lowest price allowed by Chinses laws
and regulations. This agreement remains effective for a term of 10 years, and may be renewed for an additional 10 years at Jowell Shanghai’s
election.

Under the Power of Attorney,
each of the shareholders of Shanghai Juhao authorized Jowell Shanghai act on his/her behalf as his/her exclusive agent and attorney with
respect to all rights as such shareholder, including but not limited to: (a) attending shareholders’ meetings of Shanghai Juhao;
(b) exercising all the shareholders’ rights and the voting rights that such shareholder is entitled to under PRC laws and the articles
of association of Shanghai Juhao, including, but not limited to, the sale or transfer or pledge or disposition of shares of such shareholder
in part or in whole; and (c) designating and appointing on behalf of such shareholder the legal representative, the director, the supervisor,
the chief executive officer and other senior management members of Shanghai Juhao.

The spouse of each shareholder
of Shanghai Juhao has signed a spousal consent letter agreeing that the equity interests in Shanghai Juhao held by and registered under
the name of such shareholder will be disposed pursuant to the agreements with the Jowell Shanghai (“Agreements”). The spouse
of such shareholder confirms that he/she does not have any rights and interests in the equity of the Shanghai Juhao and promises not to
make any claim on the equity of the Shanghai Juhao. The spouse of such shareholder also agrees if he/she obtains any equity interest in
Shanghai Juhao for any reason, he/she shall be bound by (as amended from time to time) the Agreements