BUSINESS COOPERATION AGREEMENT


between


HOTTAB VIETNAM COMPANY LIMITED


 and


 RAINBOW LOYALTY COMPANY
LIMITED


August 15th, 2021






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THIS BUSINESS COOPERATION
AGREEMENT (this “Agreement”) is entered into on August 15th, 2021 by and between:


HOTTAB VIETNAM COMPANY LIMITED


	Registered Address	Floor No. 6, 57 Tran Quoc Toan, Tran Hung Dao, Hoan Kiem, Ha Noi, Vietnam
	Establishment	Enterprise Registration Certificate No. 010625868 issued by the Department of Planning and
    Investment of Hanoi on 17 April 2015
	Authorised Representative	NGO Cham
	Position	General Director


(Hottab Vietnam Company Limited shall be referred
to hereinafter as “Hottab”);


and


RAINBOW LOYALTY COMPANY LIMITED


	Registered Address	Cavi Building, 51 D Dinh Bo Linh Street, Ward 26, Binh Than District, HCMC, Vietnam
	Establishment	Enterprise Registration Certificate No. 0316506723 issued by the Department of Planning and Investment of HCMC on 25th September 2020
	Authorised Representative	Nguyen Danh Cong
	Position	Director


(Rainbow Loyalty Company Limited shall be referred
to hereinafter as “RLC”)






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RECITALS


WHEREAS, Hottab operates
"SoPa" and "Leflair" branded technology platforms, which allows consumers to search for, order, and purchase from
merchants and suppliers/brands in Vietnam, and sells "#HOTTAB" branded software, which allows merchants to intelligently engage
and market to consumers and seamlessly disburse and redeem product offers and loyalty points;


WHEREAS, Rainbow Loyalty
Company Limited operates as a Southeast Asia regional customer loyalty program branded as "MyRewards";


WHEREAS, Hottab and Rainbow
Loyalty Company Limited wish to collaborate together to present the "SoPa", ''Leflair", "#HOTTAB" and "MyRewards"
brands to more users via mutual app-based and other marketing channels, based on common interests, values, and marketplace in accordance
with the terms and conditions of this Agreement;


NOW, THEREFORE, IT IS HEREBY
AGREED as follows:


ARTICLE 1. DEFINITIONS AND
INTERPRETATION


 Definitions


When used in this Agreement,
including the Recitals, capitalized terms shall have the meanings as follows:


"API'' means the
Application Programming Interface, which is the portal for retrieving data and communicating with other programming software.


"Agreement" means this Business
Cooperation Agreement.


"Agreement Date" means the date
as set forth in the first page of this Agreement.


"Business Day"
means any day (except Saturday, Sunday and any public holidays m Vietnam) on which banks are open for general business in Vietnam.


"Client" means
the end user of the System to engage products or services provided by the Merchant.


"Confidential Information" has the
meaning set forth in Article 7.05(a).


"Rainbow Loyalty"
has the meaning set forth in the introductory paragraph of this Agreement.


"Extension Agreement" has the meaning
set forth in Article 6.01(b).


"Fixed Transaction Fee"
means the amount paid by Merchants to Hottab with each promotion successfully redeemed. For avoidance of doubt, a merchant makes the fixed
transaction fee equal to VND 10,000 to Hottab per successful transaction.






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“Governmental Entity"
means any national, provincial, regional, municipal, local or other governmental, legislative, administrative or regulatory authority,
examiner, body, agency, commission, self-regulatory organization or other similar entity (including any branch, department or official
thereof) or any successor entity.


"Hottab'' has the meaning set forth in
the introductory paragraph of this Agreement.


“RLC
Commission” means that Hottab shall receive 100% of the Fixed Transaction Fee for each promotion successfully redeemed in
the first three (03) months from the effective date of the cooperation. After this period, Hottab shall share 50% of Fixed
Transaction Fee to RLC.




"Indemnifying Party” has the meaning
set forth in Article 7.01.


"Indemnified Party” has the meaning
set forth in Article 7.01.


“Law” means
(i) any document listed in Articles 2.4.172.2 and 172.4 of the Law on Promulgation of Laws No. 80/2015/QH13 adopted by the National Assembly
of Vietnam on June 22, 2015, and if these articles are amended, supplemented or replaced, includes any document thereafter defined as
a legal document pursuant to such amendment, supplement or replacement; and (ii) any publicly available and binding rules, regulations,
requirements or guidance of any Governmental Entity.


"My Rewards Program”
is the name of the mobile application based cum the loyalty program allowing to earn, consume or redeem MyRewards Point into Electronic
Gift Card, which is collected throughout participating in trading promotion programs of Merchant.


''Merchant" means
any individual or entity providing consumer services currently on the Hottab merchant list.


“Parties” means Hottab and Rainbow
Loyalty, and “Party” mean either one of them.


“System” means
the application, website or other forms developed, operated and managed by RLC through which the Client can engage services provided by
the Merchant.


“Vietnam” means the Socialist
Republic of Vietnam.


Interpretation


Headings are for convenience only and do not affect
interpretation:


The singular includes the plural, and the converse
also applies;


If a word or phrase is defined, its other grammatical
forms have a corresponding meaning;


A reference to an Article is a reference to an article
of this Agreement;


A reference to an
agreement or document (including a reference to this Agreement) is a reference to the agreement or document (including its
appendices) as amended supplemented, novated or replaced except to the extent prohibited by this Agreement or that other agreement
or document;


A reference to "writing"
includes any method of representing or reproducing words, figures, drawings, or symbols in a visible or tangible form;


A reference to a party to this
Agreement or another agreement or document includes the party's successors, permitted substitutes and permitted assigns;


A reference to legislation or
to a provision of legislation includes a modification or re-enactment of it, a legislative provision substituted for it and a regulation
or statutory instrument issued under it;


Mentioning anything after "includes",
"including", "for example", or similar expressions, does not limit what else might be included;


Nothing in this Agreement shall
be interpreted against a Party solely on the ground that the Party put forward this Agreement or any part of it;


ARTICLE 2. COOPERATED BUSINESS
ACTIVITIES


1) Hottab Responsibilities


 


	a)	 	To convert Hottab's existing merchants into MyRewards Program;


 


	b)	 	To acquire new merchants for RLC as Earn, Redeem, Offer Merchants by being responsible for setting up meeting, pitching, following up and closing contract. The contract of MyRewards Program would be signed off between RLC and Merchants;


 


	c)	 	To bundle MyRewards Program with the existing services of Hottab for better go-to-market;


 


	d)	 	On behalf of RLC, to receive the fixed transaction fee;


 


	e)	 	To punctually pay commission to RLC on the 5th of the following month for all fixed fee paid by merchants to Hottab;


 


	f)	 	To ensure the branding on Hottab app website, outlet and/or other digital channel;


 


	g)	 	To coordinate with RLC team for merchant support and any queries; and


 


	h)	 	To ensure the regular meeting for review of merchant development plan with RLC Team.


 


2) RLC Responsibilities


 


	a)	 	To onboard Merchants;


 


	b)	 	To provide proper data of transaction for Hottab for monthly reconciliation;


 


	a)	 	To provide the sale kits and training needed for Hottab Team/Merchants;


 


	b)	 	To ensure the branding on RLC's app, website and/or other digital channel;


 


	c)	 	To coordinate with Hottab Team for merchant support and any queries;


 


	d)	 	To ensure the regular meeting for review of merchant development plan with Hottab Team


 


 



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ARTICLE 3. REVENUE SPLIT FEE
AND PAYMENT


Subject to the performance and
completion of works as described in Article 2 by Hottab, Hottab shall pay the RLC Commission to RLC.


The payment of the RLC Commission
shall be performed by Hottab by transferring to the bank account notified by Hottab to RLC in writing within first 3 (three) Business
Days of each calendar month based on the summary report given by RLC on the every 5th of the next month.


All payments by Hottab to RLC
under this Article shall be inclusive of all taxes, if any, relating to the performance of works as described in Article 2, which RLC
must pay to the Governmental Entity. Other than the amount provided in Article 3, Hottab shall have no obligation to pay RLC any other
amount for perfom1ance of this Agreement. For avoidance of doubt, each Party shall bear its own expenses and costs for performance of
works described in Article 2 hereof.


In the event that the Merchant
fails to pay or punctually pay the Fixed Transaction Fee to Hottab, Hottab is discharged from any demand or claim from RLC regarding the
failure to pay or punctual payment of the Revenue Split Fee as provided in Articles 3.


ARTICLE 4. REPRESENTATIONS
AND WARRANTIES


Each Party hereby represents
and warrants to the other Party that the following statements are true, complete, accurate, correct and not misleading at the Agreement
Date:


Such Party is validly incorporated
or established, and is and has always been, validly in existence and duly registered under applicable Laws and has full corporate power
to conduct its business as conducted at the Agreement Date.


Such Party has full power and
authority to enter into and perform this Agreement. This Agreement when executed, constitutes legal, valid and binding obligations on
such Party, enforceable in accordance with its terms by appropriate legal remedy.


The execution, delivery and
performance by such Party of this Agreement do not contravene, conflict with or result in a breach of or default under: (i) any provisions
contained in any agreement or instrument to which such Party is a party or such Party is bound; or (ii) any provisions contained in any
Laws applicable to such Party.


Such Party has duly obtained,
or shall have duly obtained, any Regulatory Consent necessary for the execution and performance of its obligations under this Agreement.


Unless otherwise provided in
this Agreement, the execution, delivery and performance by such Party of this Agreement will not require such Party to obtain any consent,
waiver, authorization or approval of, or make any filing with or give notice to, any Person.






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ARTICLE 5. COVENANTS


Each Party shall ensure that all representation and
warranties shall remain true, complete, accurate, correct and not misleading as at the time being made under this Agreement, and if any
of representations and warranties becomes untrue, incomplete, inaccurate, incorrect or misleading at any time after the Agreement Date,
such Party shall immediately notify the other Party in writing.


ARTICLE 6. TERM AND TERMINATION


6.01 Term  


The terms of this Agreement
shall be effective for a minimum of 1 (one) year from the Agreement issue date and shall automatically terminate upon expiry of such period,
unless extended in accordance with Article 6.01(b) or prematurely terminated in accordance with Article 6.02 hereof.


This Agreement may be extended pursuant to the agreement
of the Parties, provided that a Party must notify the other Party in writing of the extension of the Agreement no later than 45 (forty-five)
days prior to the termination date of this Agreement. The Parties shall renegotiate the terms of this Agreement and execute a written
agreement to extend this Agreement (the "Extension Agreement") within 30 (thirty) days from the receipt of notice from
a Party. For avoidance of doubt, after the execution of the Extension Agreement, except for the terms and conditions provided in the Extension
Agreement, the other terms and conditions provided in this Agreement shall continue to be valid.


6.02 Termination


This Agreement may be prematurely
terminated upon the occurrence of any of the following events:


	a)	 	by mutual agreement of both Parties;


 


	b)	 	there is any breach of this Agreement by the other Party which is not remedied by the other Party within 10 (ten) Business days from the date of breach;


 


	c)	 	there is a Law that prohibits a Party to consummate the transactions contemplated hereunder.


 


6.03 General Clauses on Termination


 


In the event of the termination
of this Agreement in accordance with Article 6.01, this Agreement shall cease to have effect, and no further obligation or liability owed
by any Party to other Party, except for Articles 1 (Definitions and Interpretation), 6.03 (General Clauses on Termination), 7.01 (Indemnity),
7.02 (Waiver; Cumulative Rights); 7.05 (Confidentiality), 7.07 (Notices), 7.09 (Governing Law), 7.10 (Dispute Resolution), and 7.11
(Originals; Languages; Counterparts) shall survive.


In the event of termination
under Article 6.02, RLC is obliged to:



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a) return, remove and/or delete all information provided by Hottab or related
to Hottab, the Merchant, the Client and the activities as described in Article 2 hereof from the System of RLC;


 


b) In the event of termination under Article 6.02, Hottab is obliged to:


a. pay all amounts payable to RLC in the manner provided in Article
3 hereof; and


 


b. return and/or delete information related to RLC and RLC's activities. 


 


c) there is a Law that prohibits a Party to consummate the transactions
contemplated hereunder.


 


Upon termination of this Agreement,
each Party shall not be liable to indemnify or reimburse the other Party for any other amounts, except as specifically provided in Articles
6.03(b), 6.03(c) and 7.01 hereof.


The Parties shall take all and
any reasonable action and shall execute any documents and/or carry out any necessary procedures in the timely manner and without any unreasonable
withholding or delay to terminate the transactions hereunder.


ARTICLE 7. MISCELLANEOUS


7.01 Indemnity


 


A Party (the "Indemnifying
Party") shall fully indemnify and shall keep fully indemnified the other Party (the "Indemnified Party") against
any claims, demands, actions, proceedings, judgments, and costs whatsoever and in any way arising which may be made or brought against
the Indemnified Party or which the Indemnified Party may sustain or incur arising from or in connection with any breaches of this Agreement
by the Indemnifying Party.


7.02 Waiver; Cumulative Rights


The failure or delay of a Party
to require performance by the other Party of any provision of this Agreement, except for the failure or delay of a Party to comply with
notice deadlines as included in this Agreement, shall not affect its right to require performance of such provision unless such performance
has been waived by such Party in writing. Any right granted to a Party hereunder or by Law shall be cumulative and may be exercised in
part or in whole from time to time.


7.03 Entire Agreement


 


Except to the extent provided
herein, this Agreement contains the entire agreement among the Parties with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral or written.


7.04 Severability


 


Every provision and each part
thereof contained in this Agreement shall be severable and distinct from the other provisions. If any provision is invalid, illegal or
unenforceable under applicable Laws, the validity, legality and enforce-ability of the remaining provisions of this






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Agreement shall not in any way
be affected. To the extent permitted by applicable Laws, the Parties hereby waive any provision of applicable Laws that renders any provision
of this Agreement prohibited or unenforceable in any respect.


7.05 Confidentiality


 


The following information shall be considered confidential
information (the "Confidential Information' ) and shall not be disclosed by any Party to any third party without the other
Party's consent, except in accordance with the provisions set forth below: (i) the terms and conditions of this Agreement, (ii) activities
as described in Article 2 and (iii) any other information disclosed or made available by the other Party in the course of the discussions,
negotiations, or performance in connection with the transactions contemplated in this Agreement and designated prior by that Party in
writing as confidential information.


 


The obligation of confidentiality
under this Article 7.05 shall not apply to the Confidential Information which:


a) is already in the public domain or becomes available to the public other
than through the act or omission of the receiving Party;


 


b) becomes legally compelled under applicable Laws or required by appropriate
Governmental Entity or any court of competent jurisdiction to be disclosed, provided that the required Party shall provide the
other Party with prompt written notice of that fact so that the Parties may agree on the contents of such statement or announcement;


 


c) is disclosed to the receiving Party's affiliates, officers, employees,
directors, professional advisors, provided that the receiving Party shall procure that and shall be responsible to ensure that
such Persons undertake to treat such information as confidential information;


 


d) there is a Law that prohibits a Party to consummate the transactions
contemplated hereunder;


 


e) lawfully disclosed to the receiving Party by a third party not obligated
to the disclosing Party to keep the information confidential;


 


f) Each Party shall, and shall procure its affiliates, officers, employees,
directors, professional advisors shall:


 


a. keep confidential all Confidential Information;


 


b. not release or disclose such Confidential Information to any
other party without written approval of disclosing Party;


 


c. not use the Confidential Information to secure any commercial
advantage or benefit whether for itself or other third party, except for commercial benefit provided hereof;


 


d. not use the Confidential Information in any manner which is
prejudicial or detrimental to the reputation or interests to the disclosing Party.


 


g) Upon the termination of this Agreement in accordance with Article 6.02,
each receiving Party shall return and/or delete all Confidential Information stored in form of document, email, electronic devices or
in any form as requested by the disclosing Party


 



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7.06 Relationship between the Parties


  


None of the provisions of this Agreement shall be
deemed to constitute a partnership or joint venture among the Parties, and save as specifically provided, none of the Parties shall have
any authority to bind the other Party in any way.


7.07 Notices


 


Any notice to be given under
this Agreement shall be in writing and deemed to have been given when delivered by hand, airmail or facsimile transmission to the Party.
Any such notice must be given at such Party's address as specified herein or at such other address as such Party has notified to the other
Party. All documents furnished and notices given by any Parties under this Agreement shall be in Vietnamese. ·


To Hottab:


	Address	Floor No. 6, 57 Tran Quoc Toan, Tran Hung Dao, Hoan Kiem, Ha Noi, Vietnam
	Attention	NGO Cham
	Email	cham@hottab.net





To RLC:


	Address	Floor No. 6, 57 Tran Quoc Toan, Tran Hung Dao, Hoan Kiem, Ha Noi, Vietnam
	Attention	NGUYEN THI HONG NHUNG
	Email	nhung.nguyenthihong@rainbow.com.vn


All notices and communications
shall be effective immediately upon receipt (i) at the post office, (ii) by hand-delivery, (iii) via fax or (iv) via email, by the intended
recipient at the address or at the fax number or via email address specified in Article 7.07(a) above or at such other address as shall
be designated by a Party in a written notice to the other in accordance with Article 7.07(c) below.


Each Party shall from time to
time notify the other Party of any changes of its address, telephone number, fax number and email address within three (3) days from the
date of such change.


7.08 Assignment


 


None of the Parties may assign,
whether by contract or otherwise, any of its rights or obligations under this Agreement without prior consent of the other Party.


7.09 Governing Law


 


This Agreement shall be governed
by and construed in accordance with the laws of the Socialist Republic of Vietnam.


7.10 Dispute Resolution


 


Any dispute, controversy or
claim arising out of or relating to this Agreement, or the breach, termination or invalidity hereof, shall be settled by a competent
Court in accordance with the applicable Laws.



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7.11 Originals; Languages; Counterparts


 


This Agreement shall be made
in 4 (four) original sets in English and Vietnamese, with equal validity. Each or the Parties shall keep 2 (two) original sets in English
and Vietnamese. In case of inconsistency between the English and Vietnamese versions, the Vietnamese version shall prevail over the English
version.


IN WITNESS WHEREOF, the
Parties have caused this Agreement to be signed in their respective names as of the date first above written.


	For and on behalf of	For and on behalf of
	 	 
	HOTTAB VIETNAN COMPANY LIMITED	RAINBOW LOYALTY COMPANY
	 	 
	 	 
	By:	By:
	Name: NGO Cham	Name: Nguyen Danh Cong
	Title: General Director	Title: Director






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