Exhibit
1.1



THE
COMPANIES ACT (2023 REVISION)



OF
THE CAYMAN ISLANDS



COMPANY
LIMITED BY SHARES



AMENDED
AND RESTATED

MEMORANDUM
OF ASSOCIATION



OF



CHECHE
GROUP INC.



(adopted
by a Special Resolution passed on September 12, 2023 and  effective on September 14, 2023)



| | 1. | The name of
                                            the Company is Cheche Group Inc.
| | -- | ----------------------------------------------------------------------------------------



| | 2. | The
                                            Registered Office of the Company will be situated at the offices of Harneys Fiduciary (Cayman)
                                            Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman
                                            KY1-1002, Cayman Islands, or at such other location within the Cayman Islands as the Directors
                                            may from time to time determine.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | The
                                            objects for which the Company is established are unrestricted and the Company shall have
                                            full power and authority to carry out any object not prohibited by the Companies Act or any
                                            other law of the Cayman Islands.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | The
                                            Company shall have and be capable of exercising all the functions of a natural person of
                                            full capacity irrespective of any question of corporate benefit as provided by the Companies
                                            Act.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5. | The
                                            Company will not trade in the Cayman Islands with any person, firm or corporation except
                                            in furtherance of the business of the Company carried on outside the Cayman Islands; provided
                                            that nothing in this section shall be construed as to prevent the Company effecting and concluding
                                            contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary
                                            for the carrying on of its business outside the Cayman Islands.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | The liability
                                            of each Shareholder is limited to the amount, if any, unpaid on the Shares held by such Shareholder.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | The
                                            authorised share capital of the Company is US$50,000 divided into 5,000,000,000 shares comprising
                                            (i) 4,000,000,000 Class A Ordinary Shares of a par value of US$0.00001 each, and (ii) 1,000,000,000
                                            Class B Ordinary Shares of a par value of US$0.00001 each. Subject to the Companies Act and
                                            the Articles, the Company shall have power to redeem or purchase any of its Shares and to
                                            increase or reduce its authorised share capital and to sub-divide or consolidate the said
                                            Shares or any of them and to issue all or any part of its capital whether original, redeemed,
                                            increased or reduced with or without any preference, priority, special privilege or other
                                            rights or subject to any postponement of rights or to any conditions or restrictions whatsoever
                                            and so that unless the conditions of issue shall otherwise expressly provide every issue
                                            of shares whether stated to be ordinary, preference or otherwise shall be subject to the
                                            powers on the part of the Company hereinbefore provided.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | The
                                            Company has the power contained in the Companies Act to deregister in the Cayman Islands
                                            and be registered by way of continuation in some other jurisdiction.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | Capitalised
                                            terms that are not defined in this Memorandum of Association bear the same meanings as those
                                            given in the Articles of Association of the Company.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------













THE
COMPANIES ACT (2023 REVISION)



OF
THE CAYMAN ISLANDS



COMPANY
LIMITED BY SHARES



AMENDED
AND RESTATED

ARTICLES
OF ASSOCIATION



OF



CHECHE
GROUP INC



(adopted
by a Special Resolution passed on September 12, 2023 and  effective on September 14, 2023)



TABLE
A



The
regulations contained or incorporated in Table A in the First Schedule of the Companies Act shall not apply to the Company and the following
Articles shall comprise the Articles of Association of the Company.



| | 1. | In
                                            these Articles the following defined terms will have the meanings ascribed to them, if not
                                            inconsistent with the subject or context:
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|“Affiliate” | means in respect of a Person,
  any other Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control
  with, such Person, and (i) in the case of a natural person, shall include, without limitation, such person’s spouse, parents,
  children, siblings, mother-in-law, father-in-law, brothers-in-law and sisters-in-law, whether by blood, marriage or adoption,a trust for the benefit of any of the foregoing, and a corporation, partnership or any other entity wholly or jointly owned
  by any of the foregoing, and (ii) in the case of an entity, shall include a partnership, a corporation or any other entity or any natural
  person which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with,
  such entity. The term “control” shall mean the ownership, directly or indirectly, of shares possessing more than fifty
  per cent (50%) of the voting power of the corporation, partnership or other entity (other than, in the case of a corporation, securities
  having such power only by reason of the happening of a contingency), or having the power to control the management or elect a majority
  of members to the board of directors or equivalent decision- making body of such corporation, partnership or other entity;
|----------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|“Articles”  | means these articles of association of the
  Company, as amended and restated or substituted from time to time;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   





2







|“Board”and “Board of Directors”and “Directors” | means the directors of the Company
  for the time being, or as the case may be, the directors assembled as a board or as a committee thereof;                                                                                                                                                                                                          
|---------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Chairman”                                     | means the chairman of the Board of Directors;                                                                                                                                                                                                                                                                                                          
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Class” or “Classes”                           | means any class or classes of Shares as may from time to time be issued
  by the Company;                                                                                                                                                                                                                                                              
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Class A Ordinary Share”                       | means an Ordinary Share of
  a par value of US$0.00001 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for
  in these Articles;                                                                                                                                                                  
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Class B Ordinary Share”                       | means an Ordinary Share of a par value of
  US$0.00001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;                                                                                                                                                                     
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Commission”                                   | means the Securities and Exchange Commission
  of the United States of America or any other federal agency for the time being administering the Securities Act;                                                                                                                                                                                        
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Communication Facilities”                     | means video, video-conferencing, internet
  or online conferencing applications, telephone or tele-conferencing and/or any other video- communications, internet or online conferencing
  application or telecommunications facilities by means of which all Persons participating in a meeting are capable of hearing and being
  heard by each other;
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Company”                                      | means Cheche Group Inc., a Cayman Islands
  exempted company;                                                                                                                                                                                                                                                                                          
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Companies Act”                                | means the Companies Act (2023 Revision) of
  the Cayman Islands and any statutory amendment or re-enactment thereof;                                                                                                                                                                                                                                   
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Company’s Website”                            | means the main corporate/investor relations
  website of the Company, the address or domain name of which has been disclosed in any registration statement filed by the Company with
  the Commission in connection with its initial public offering of shares, or which has otherwise been notified to Shareholders;                                  
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Designated Person”                            | means ZHANG Lei (张磊), the founder
  of the Company.                                                                                                                                                                                                                                                                                                    
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Designated Stock Exchange”                    | means the stock exchange in the United States
  on which any Shares are listed for trading;                                                                                                                                                                                                                                                            
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“Designated Stock
 Exchange Rules”             | means the relevant code, rules and regulations,
  as amended, from time to time, applicable as a result of the original and continued listing of any Shares on the Designated Stock Exchange;                                                                                                                                                          
|                                               |                                                                                                                                                                                                                                                                                                                                                        
|“electronic”                                   | has the meaning given to it in the Electronic
  Transactions Act and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated
  therewith or substituted therefor;                                                                                                                         





3







|“electronic communication”   | means a communication
  sent by electronic means, including electronic posting to the Company’s Website, transmission to any number, address or internet
  website (including the website of the Commission) or other electronic delivery methods as otherwise decided and approved by not less
  than two-thirds of the vote of the Board;
|---------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                             |                                                                                                                                                                                                                                                                                                                                            
|“electronic record”          | has the meaning
  given to it in the Electronic Transactions Act and any amendment thereto
  or re-enactments thereof for the time being in force and includes every other law incorporated therewith
  or substituted therefor;                                                                                                           
|                             |                                                                                                                                                                                                                                                                                                                                            
|“Electronic TransactionsAct” | means the Electronic
  Transactions Act (2003 Revision) of the Cayman Islands and any statutory amendment or re-enactment thereof;                                                                                                                                                                                                         
|                             |                                                                                                                                                                                                                                                                                                                                            
|“Memorandum of Association”  | means the memorandum
  of association of the Company, as amended or substituted from time to time;                                                                                                                                                                                                                                         
|                             |                                                                                                                                                                                                                                                                                                                                            
|“Ordinary Resolution”        | means a resolution:                                                                                                                                                                                                                                                                                                                        
|                             |                                                                                                                                                                                                                                                                                                                                            
|                             | (a)                                                                                                                                                                                                                                                                                                                                        
|                             |                                                                                                                                                                                                                                                                                                                                            
|                             | (b)                                                                                                                                                                                                                                                                                                                                        
|                             |                                                                                                                                                                                                                                                                                                                                            
|“Ordinary Share”             | means a Class A Ordinary Share
  or a Class B Ordinary Share;                                                                                                                                                                                                                                                                              
|                             |                                                                                                                                                                                                                                                                                                                                            
|“paid up”                    | means paid up as to the par value
  in respect of the issue of any Shares and includes credited as paid up;                                                                                                                                                                                                                                



|“Person” | means
                                            any natural person, firm, company, joint venture, partnership, corporation, association or
                                            other entity (whether or not having a separate legal personality) or any of them as the context
                                            so requires;
|-------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|“Present” | means,
                                            in respect of any Person, such Person’s presence at a
                                            general meeting of Shareholders, which may be satisfied by means of such Person or, if a
                                            corporation or other non-natural Person, its duly authorized representative (or, in the case
                                            of any Shareholder, a proxy which has been validly appointed by such Shareholder in accordance
                                            with these Articles), being: (a) physically present at the meeting; or (b) in the case of
                                            any meeting at which Communications Facilities are permitted in accordance with these Articles,
                                            including any Virtual Meeting, connected by means of the use of such Communication Facilities;
|--------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





4







|“Register”          | means
                                            the register of Members of the Company maintained in accordance
                                            with the Companies Act;
|------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                    |                                                                                                                                                                                      
|“Registered Office” | means the registered office
                      of the Company as required by the Companies Act;                                                                                   



|“Seal” | means
                                            the common seal of the Company (if adopted) including any facsimile thereof;
|------ | ------------------------------------------------------------------------------------------------------------------------------



|“Secretary”      | means
                                            any Person appointed by the Directors to perform any of the
                                            duties of the secretary of the Company;                                                             
|---------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                 |                                                                                                                                                                                                                                                               
|“Securities Act” | means the Securities Act
                   of 1933 of the United States of America, as amended, or any similar federal statute and the rules and regulations
                   of the Commission thereunder, all as the same shall be in effect at the time;



|“Share”                  | means
                                            a share in the capital of the Company. All references to “Shares” herein shall
                                            be deemed to be Shares of any or all Classes as the context may require. For the avoidance
                                            of doubt in these Articles the expression “Share” shall include a fraction of
                                            a Share;
|------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|“Shareholder” or“Member” | means
                                            a Person who is registered as the holder of one or more Shares in the Register;                                                                                                                                                                                                                                                                                                                     
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|“Share Premium Account”  | means
                                            the share premium account established in accordance with these Articles and the Companies
                                            Act;                                                                                                                                                                                                                                                          



|“signed”             | means
                                            bearing a signature or representation of a signature affixed by mechanical means or an electronic
                                            symbol or process attached to or logically associated with an electronic communication and
                                            executed or adopted by a Person with the intent to sign the electronic communication;
|-------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                             
|“Special Resolution” | means
                                            a special resolution of the Company passed in accordance with the Companies
                                            Act, being a resolution:                                                                                                                                                                                                                          



| | (a) | passed
                                            by not less than two-thirds of the votes cast by such Shareholders as, being entitled to
                                            do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations,
                                            by their duly authorised representatives, at a general meeting of the Company of which notice
                                            specifying the intention to propose the resolution as a special resolution has been duly
                                            given; or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | approved
                                            in writing by all of the Shareholders entitled to vote at a general meeting of the Company
                                            in one or more instruments each signed by one or more of the Shareholders and the effective
                                            date of the special resolution so adopted shall be the date on which the instrument or the
                                            last of such instruments, if more than one, is executed;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|“Treasury Share” | means a Share held
                 in the name of the Company as a treasury share in accordance with the Companies Act;
|---------------- | ------------------------------------------------------------------------------------------------------------------------



5







|“United States”   | means the United
                  States of America, its territories, its possessions and all areas subject to its jurisdiction; and.                                                                                                                                                                                                                   
|----------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                  |                                                                                                                                                                                                                                                                                                                                                          
|“Virtual Meeting” | means any general meeting
                   of the Shareholders at which the Shareholders (and any other permitted participants of such meeting, including without
                   limitation the chairman of the meeting and any Directors) are permitted to attend and participate solely by means
                   of Communications Facilities.



| | 2. | In these Articles,
                                            save where the context requires otherwise:
| | -- | ---------------------------------------------------------------------------------------------------------



| | (a) | words importing
                                            the singular number shall include the plural number and vice versa;
| | --- | -------------------------------------------------------------------------------------------------------------------------------



| | (b) | words
                                            importing the masculine gender only shall include the feminine gender and any Person as the
                                            context may require;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | the word
                                            “may” shall be construed as permissive and the word “shall” shall
                                            be construed as imperative;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | reference
                                            to a dollar or dollars (or US$) and to a cent or cents is reference to dollars and cents
                                            of the United States of America;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | reference
                                            to a statutory enactment shall include reference to any amendment or re- enactment thereof
                                            for the time being in force;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | reference
                                            to any determination by the Directors shall be construed as a determination by the Directors
                                            in their sole and absolute discretion and shall be applicable either generally or in any
                                            particular case;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) | any
                                            phrase introduced by the terms “including”, “include” or “in
                                            particular” or similar expression shall be construed as illustrative and shall not
                                            limit the sense of the words preceding those terms;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) | reference
                                            to “in writing” shall be construed as written or represented by any means reproducible
                                            in writing, including any form of print, lithograph, email, facsimile, photograph or telex
                                            or represented by any other substitute or format for storage or transmission for writing
                                            including in the form of an electronic record or partly one and partly another;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | any
                                            requirements as to delivery under the Articles include delivery in the form of an electronic
                                            record or an electronic communication;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) | any
                                            requirements as to execution or signature under the Articles, including the execution of
                                            the Articles themselves, can be satisfied in the form of an electronic signature as defined
                                            in the Electronic Transaction Law; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (k) | Sections
                                            8 and 19(3) of the Electronic Transactions Act shall not apply.
| | --- | --------------------------------------------------------------------------------------------------------------------



| | 3. | Subject
                                            to the last two preceding Articles, any words defined in the Companies Act shall, if not
                                            inconsistent with the subject or context, bear the same meaning in these Articles.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





6







PRELIMINARY



| | 4. | The business
                                            of the Company may be conducted as the Directors see fit.
| | -- | ------------------------------------------------------------------------------------------------------------------



| | 5. | The
                                            Registered Office shall be at such address in the Cayman Islands as the Directors may from
                                            time to time determine. The Company may in addition establish and maintain such other offices
                                            and places of business and agencies in such places as the Directors may from time to time
                                            determine.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | The
                                            expenses incurred in the formation of the Company and in connection with the offer for subscription
                                            and issue of Shares shall be paid by the Company. Such expenses may be amortised over such
                                            period as the Directors may determine and the amount so paid shall be charged against income
                                            and/or capital in the accounts of the Company as the Directors shall determine.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | The
                                            Directors shall keep, or cause to be kept, the Register at such place as the Directors may
                                            from time to time determine and, in the absence of any such determination, the Register shall
                                            be kept at the Registered Office.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



SHARES



| | 8. | Subject
                                            to these Articles and where applicable the Designated Stock Exchange Rules, all Shares for
                                            the time being unissued shall be under the control of the Directors who may, in their absolute
                                            discretion and without the approval of the Members, cause the Company to:
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | issue,
                                            allot and dispose of Shares (including, without limitation, preferred shares) (whether in
                                            certificated form or non-certificated form) to such Persons, in such manner, on such terms
                                            and having such rights and being subject to such restrictions as they may from time to time
                                            determine;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | grant
                                            rights over Shares or other securities to be issued in one or more classes or series as they
                                            deem necessary or appropriate and determine the designations, powers, preferences, privileges
                                            and other rights attaching to such Shares or securities, including dividend rights, voting
                                            rights, conversion rights, terms of redemption and liquidation preferences, any or all of
                                            which may be greater than the powers, preferences, privileges and rights associated with
                                            the then issued and outstanding Shares, at such times and on such other terms as they think
                                            proper; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | grant options
                                            with respect to Shares and issue warrants or similar instruments with respect thereto.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | The
                                            Directors may authorise the division of Shares into any number of Classes and the different
                                            Classes shall be authorised, established and designated (or re-designated as the case may
                                            be) and the variations in the relative rights (including, without limitation, voting, dividend
                                            and redemption rights), restrictions, preferences, privileges and payment obligations as
                                            between the different Classes (if any) may be fixed and determined by the Directors or by
                                            an Ordinary Resolution. The Directors may issue Shares with such preferred or other rights,
                                            all or any of which may be greater than the rights of Ordinary Shares, at such time and on
                                            such terms as they may think appropriate. Notwithstanding Article 17, the Directors may issue
                                            from time to time, out of the authorised share capital of the Company (other than the authorised
                                            but unissued Ordinary Shares), series of preferred shares in their absolute discretion and
                                            without approval of the Members; provided, however, before any preferred shares of any such
                                            series are issued, the Directors shall by resolution of Directors determine, with respect
                                            to any series of preferred shares, the terms and rights of that series, including:
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            designation of such series, the number of preferred shares to constitute such series and
                                            the subscription price thereof if different from the par value thereof;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





7







| | (b) | whether
                                            the preferred shares of such series shall have voting rights, in addition to any voting rights
                                            provided by law, and, if so, the terms of such voting rights, which may be general or limited;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | the
                                            dividends, if any, payable on such series, whether any such dividends shall be cumulative,
                                            and, if so, from what dates, the conditions and dates upon which such dividends shall be
                                            payable, and the preference or relation which such dividends shall bear to the dividends
                                            payable on any shares of any other class or any other series of shares;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | whether
                                            the preferred shares of such series shall be subject to redemption by the Company, and, if
                                            so, the times, prices and other conditions of such redemption;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | whether
                                            the preferred shares of such series shall have any rights to receive any part of the assets
                                            available for distribution amongst the Members upon the liquidation of the Company, and,
                                            if so, the terms of such liquidation preference, and the relation which such liquidation
                                            preference shall bear to the entitlements of the holders of shares of any other class or
                                            any other series of shares;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | whether
                                            the preferred shares of such series shall be subject to the operation of a retirement or
                                            sinking fund and, if so, the extent to and manner in which any such retirement or sinking
                                            fund shall be applied to the purchase or redemption of the preferred shares of such series
                                            for retirement or other corporate purposes and the terms and provisions relative to the operation
                                            thereof;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) | whether
                                            the preferred shares of such series shall be convertible into, or exchangeable for, shares
                                            of any other class or any other series of preferred shares or any other securities and, if
                                            so, the price or prices or the rate or rates of conversion or exchange and the method, if
                                            any, of adjusting the same, and any other terms and conditions of conversion or exchange;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) | the
                                            limitations and restrictions, if any, to be effective while any preferred shares of such
                                            series are outstanding upon the payment of dividends or the making of other distributions
                                            on, and upon the purchase, redemption or other acquisition by the Company of, the existing
                                            shares or shares of any other class of shares or any other series of preferred shares;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | the
                                            conditions or restrictions, if any, upon the creation of indebtedness of the Company or upon
                                            the issue of any additional shares, including additional shares of such series or of any
                                            other class of shares or any other series of preferred shares; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) | any
                                            other powers, preferences and relative, participating, optional and other special rights,
                                            and any qualifications, limitations and restrictions thereof; and, for such purposes, the
                                            Directors may reserve an appropriate number of Shares for the time being unissued. The Company
                                            shall not issue Shares to bearer.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





8







| | 10. | The
                                            Company may insofar as may be permitted by law, pay a commission to any Person in consideration
                                            of his subscribing or agreeing to subscribe whether absolutely or conditionally for any Shares.
                                            Such commissions may be satisfied by the payment of cash or the lodgement of fully or partly
                                            paid-up Shares or partly in one way and partly in the other. The Company may also pay such
                                            brokerage as may be lawful on any issue of Shares.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 11. | The Directors
                                            may refuse to accept any application for Shares, and may accept any application in whole
                                            or in part, for any reason or for no reason.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



CLASS
A ORDINARY SHARES AND CLASS B ORDINARY SHARES



| | 12. | Holders
                                            of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as
                                            one class on all resolutions submitted to a vote by the Members. Each Class A Ordinary Share
                                            shall entitle the holder thereof to one (1) vote on all matters subject to vote at general
                                            meetings of the Company, and each Class B Ordinary Share shall entitle the holder thereof
                                            to three (3) votes on all matters subject to vote at general meetings of the Company.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 13. | Each
                                            Class B Ordinary Share is convertible into one (1) Class A Ordinary Share at any time at
                                            the option of the holder thereof. The right to convert shall be exercisable by the holder
                                            of the Class B Ordinary Share delivering a written notice to the Company that such holder
                                            elects to convert a specified number of Class B Ordinary Shares into Class A Ordinary Shares.
                                            In no event shall Class A Ordinary Shares be convertible into Class B Ordinary Shares.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 14. | Any
                                            conversion of Class B Ordinary Shares into Class A Ordinary Shares pursuant to these Articles
                                            shall be effected by means of the re-designation of each relevant Class B Ordinary Share
                                            as a Class A Ordinary Share. Such conversion shall become effective (i) in the case of any
                                            conversion effected pursuant to Article 13, forthwith upon the receipt by the Company of
                                            the written notice delivered to the Company as described in Article 13 (or at such later
                                            date as may be specified in such notice), or (ii) in the case of any automatic conversion
                                            effected pursuant to Article 15, forthwith upon occurrence of the event specified in Article
                                            15 which triggers such automatic conversion, and the Company shall make entries in the Register
                                            to record the re-designation of the relevant Class B Ordinary Shares as Class A Ordinary
                                            Shares.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 15. | Upon
                                            any sale, transfer, assignment or disposition of any Class B Ordinary Share by a Shareholder
                                            to any person who is not the Designated Person or an Affiliate of the Designated Person,
                                            or upon a change of ultimate beneficial ownership of any Class B Ordinary Share to any Person
                                            who is not the Designated Person or an Affiliate of the Designated Person, such Class B Ordinary
                                            Share shall be automatically and immediately converted into the same number of Class A Ordinary
                                            Share. For the avoidance of doubt, (i) where a sale, transfer, assignment or disposition
                                            involves a change to the legal title to Class B Ordinary Shares, it shall be effective upon
                                            the Company’s registration of such sale, transfer, assignment or disposition in its
                                            Register, and where a sale, transfer, assignment or disposition involves a change to the
                                            ultimate beneficial ownership or there is otherwise no change to the legal title to Class
                                            B Ordinary Shares, it shall be deemed effective at the time of the change, as determined
                                            in good faith by the Directors in their sole discretion; and (ii) the creation of any pledge,
                                            charge, encumbrance or other third party right of whatever description on any Class B Ordinary
                                            Shares to secure a holder’s contractual or legal obligations shall not be deemed as
                                            a sale, transfer, assignment or disposition, or a change of ultimate beneficial ownership,
                                            unless and until any such pledge, charge, encumbrance or other third party right is enforced
                                            and results in the third party holding legal title to the relevant Class B Ordinary Shares,
                                            in which case all the related Class B Ordinary Shares shall be automatically converted into
                                            the same number of Class A Ordinary Shares. For the purposes of this Article 15, beneficial
                                            ownership shall have the meaning set forth in Rule 13d-3 under the United States Securities
                                            Exchange Act of 1934, as amended.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 16. | Save
                                            and except for voting rights and conversion rights as set out in Articles 12 to 15 (inclusive),
                                            the Class A Ordinary Shares and the Class B Ordinary Shares shall rank pari passu
                                            with one another and shall have the same rights, preferences, privileges and restrictions.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





9







MODIFICATION
OF RIGHTS



| | 17. | Whenever
                                            the capital of the Company is divided into different Classes the rights attached to any such
                                            Class may, subject to any rights or restrictions for the time being attached to any Class,
                                            only be materially adversely varied with the consent in writing of the holders of two- thirds
                                            of the issued Shares of that Class or with the sanction of a Special Resolution passed at
                                            a separate meeting of the holders of the Shares of that Class. To every such separate meeting
                                            all the provisions of these Articles relating to general meetings of the Company or to the
                                            proceedings thereat shall, mutatis mutandis, apply, except that the necessary quorum
                                            shall be one or more Persons holding or representing by proxy at least one-third in nominal
                                            or par value amount of the issued Shares of the relevant Class (but so that if at any adjourned
                                            meeting of such holders a quorum as above defined is not present, those Shareholders who
                                            are present shall form a quorum) and that, subject to any rights or restrictions for the
                                            time being attached to the Shares of that Class, every Shareholder of the Class shall on
                                            a poll have one vote for each Share of the Class held by him. For the purposes of this Article
                                            the Directors may treat all the Classes or any two or more Classes as forming one Class if
                                            they consider that all such Classes would be affected in the same way by the proposals under
                                            consideration, but in any other case shall treat them as separate Classes.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 18. | The
                                            rights conferred upon the holders of the Shares of any Class issued with preferred or other
                                            rights shall not, subject to any rights or restrictions for the time being attached to the
                                            Shares of that Class, be deemed to be materially adversely varied by, inter alia, the creation,
                                            allotment or issue of further Shares ranking pari passu with or subsequent to them
                                            or the redemption or purchase of any Shares of any Class by the Company. The rights of the
                                            holders of Shares shall not be deemed to be materially adversely varied by the creation or
                                            issue of Shares with preferred or other rights including, without limitation, the creation
                                            of Shares with enhanced or weighted voting rights.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



CERTIFICATES



| | 19. | Every
                                            Person whose name is entered as a Member in the Register may, without payment and upon its
                                            written request, request a certificate within two calendar months after allotment or lodgement
                                            of transfer (or within such other period as the conditions of issue shall provide) in the
                                            form determined by the Directors. All certificates shall specify the Share or Shares held
                                            by that Person, provided that in respect of a Share or Shares held jointly by several Persons
                                            the Company shall not be bound to issue more than one certificate, and delivery of a certificate
                                            for a Share to one of several joint holders shall be sufficient delivery to all. All certificates
                                            for Shares shall be delivered personally or sent through the post addressed to the Member
                                            entitled thereto at the Member’s registered address as appearing in the Register.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 20. | Every
                                            share certificate of the Company shall bear such legends as may be required under applicable
                                            laws, including the Securities Act.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





10







| | 21. | Any
                                            two or more certificates representing Shares of any one Class held by any Member may at the
                                            Member’s request be cancelled and a single new certificate for such Shares issued in
                                            lieu on payment (if the Directors shall so require) of one dollar (US$1.00) or such smaller
                                            sum as the Directors shall determine.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22. | If
                                            a share certificate shall be damaged or defaced or alleged to have been lost, stolen or destroyed,
                                            a new certificate representing the same Shares may be issued to the relevant Member upon
                                            request, subject to delivery up of the old certificate or (if alleged to have been lost,
                                            stolen or destroyed) compliance with such conditions as to evidence and indemnity and the
                                            payment of out-of-pocket expenses of the Company in connection with the request as the Directors
                                            may think fit.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 23. | In
                                            the event that Shares are held jointly by several Persons, any request may be made by any
                                            one of the joint holders and if so made shall be binding on all of the joint holders.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



FRACTIONAL
SHARES



| | 24. | The
                                            Directors may issue fractions of a Share and, if so issued, a fraction of a Share shall be
                                            subject to and carry the corresponding fraction of liabilities (whether with respect to nominal
                                            or par value, premium, contributions, calls or otherwise), limitations, preferences, privileges,
                                            qualifications, restrictions, rights (including, without prejudice to the generality of the
                                            foregoing, voting and participation rights) and other attributes of a whole Share. If more
                                            than one fraction of a Share of the same Class is issued to or acquired by the same Shareholder
                                            such fractions shall be accumulated.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



LIEN



| | 25. | The
                                            Company has a first and paramount lien on every Share (whether or not fully paid) for all
                                            amounts (whether presently payable or not) payable at a fixed time or called in respect of
                                            that Share. The Company also has a first and paramount lien on every Share registered in
                                            the name of a Person indebted or under liability to the Company (whether he is the sole registered
                                            holder of a Share or one of two or more joint holders) for all amounts owing by him or his
                                            estate to the Company (whether or not presently payable). The Directors may at any time declare
                                            a Share to be wholly or in part exempt from the provisions of this Article. The Company’s
                                            lien on a Share extends to any amount payable in respect of it, including but not limited
                                            to dividends.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 26. | The
                                            Company may sell, in such manner as the Directors in their absolute discretion think fit,
                                            any Share on which the Company has a lien, but no sale shall be made unless an amount in
                                            respect of which the lien exists is presently payable nor until the expiration of fourteen
                                            calendar days after a notice in writing, demanding payment of such part of the amount in
                                            respect of which the lien exists as is presently payable, has been given to the registered
                                            holder for the time being of the Share, or the Persons entitled thereto by reason of his
                                            death or bankruptcy.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 27. | For
                                            giving effect to any such sale the Directors may authorise a Person to transfer the Shares
                                            sold to the purchaser thereof. The purchaser shall be registered as the holder of the Shares
                                            comprised in any such transfer and he shall not be bound to see to the application of the
                                            purchase money, nor shall his title to the Shares be affected by any irregularity or invalidity
                                            in the proceedings in reference to the sale.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





11







| | 28. | The
                                            proceeds of the sale after deduction of expenses, fees and commissions incurred by the Company
                                            shall be received by the Company and applied in payment of such part of the amount in respect
                                            of which the lien exists as is presently payable, and the residue shall (subject to a like
                                            lien for sums not presently payable as existed upon the Shares prior to the sale) be paid
                                            to the Person entitled to the Shares immediately prior to the sale.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



CALLS
ON SHARES



| | 29. | Subject
                                            to the terms of the allotment, the Directors may from time to time make calls upon the Shareholders
                                            in respect of any moneys unpaid on their Shares, and each Shareholder shall (subject to receiving
                                            at least fourteen calendar days’ notice specifying the time or times of payment) pay
                                            to the Company at the time or times so specified the amount called on such Shares. A call
                                            shall be deemed to have been made at the time when the resolution of the Directors authorising
                                            such call was passed.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 30. | The joint
                                            holders of a Share shall be jointly and severally liable to pay calls in respect thereof.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------



| | 31. | If
                                            a sum called in respect of a Share is not paid before or on the day appointed for payment
                                            thereof, the Person from whom the sum is due shall pay interest upon the sum at the rate
                                            of eight percent per annum from the day appointed for the payment thereof to the time of
                                            the actual payment, but the Directors shall be at liberty to waive payment of that interest
                                            wholly or in part.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32. | The
                                            provisions of these Articles as to the liability of joint holders and as to payment of interest
                                            shall apply in the case of non-payment of any sum which, by the terms of issue of a Share,
                                            becomes payable at a fixed time, whether on account of the amount of the Share, or by way
                                            of premium, as if the same had become payable by virtue of a call duly made and notified.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33. | The
                                            Directors may make arrangements with respect to the issue of partly paid Shares for a difference
                                            between the Shareholders, or the particular Shares, in the amount of calls to be paid and
                                            in the times of payment.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34. | The
                                            Directors may, if they think fit, receive from any Shareholder willing to advance the same
                                            all or any part of the moneys uncalled and unpaid upon any partly paid Shares held by him,
                                            and upon all or any of the moneys so advanced may (until the same would, but for such advance,
                                            become presently payable) pay interest at such rate (not exceeding without the sanction of
                                            an Ordinary Resolution, eight percent per annum) as may be agreed upon between the Shareholder
                                            paying the sum in advance and the Directors. No such sum paid in advance of calls shall entitle
                                            the Member paying such sum to any portion of a dividend declared in respect of any period
                                            prior to the date upon which such sum would, but for such payment, become presently payable.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



FORFEITURE
OF SHARES



| | 35. | If
                                            a Shareholder fails to pay any call or instalment of a call in respect of partly paid Shares
                                            on the day appointed for payment, the Directors may, at any time thereafter during such time
                                            as any part of such call or instalment remains unpaid, serve a notice on him requiring payment
                                            of so much of the call or instalment as is unpaid, together with any interest which may have
                                            accrued.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





12







| | 36. | The
                                            notice shall name a further day (not earlier than the expiration of fourteen calendar days
                                            from the date of the notice) on or before which the payment required by the notice is to
                                            be made, and shall state that in the event of non-payment at or before the time appointed,
                                            the Shares in respect of which the call was made will be liable to be forfeited.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 37. | If
                                            the requirements of any such notice as aforesaid are not complied with, any Share in respect
                                            of which the notice has been given may at any time thereafter, before the payment required
                                            by notice has been made, be forfeited by a resolution of the Directors to that effect.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 38. | A
                                            forfeited Share may be sold or otherwise disposed of on such terms and in such manner as
                                            the Directors think fit, and at any time before a sale or disposition the forfeiture may
                                            be cancelled on such terms as the Directors think fit.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 39. | A
                                            Person whose Shares have been forfeited shall cease to be a Shareholder in respect of the
                                            forfeited Shares, but shall, notwithstanding, remain liable to pay to the Company all moneys
                                            which at the date of forfeiture were payable by him to the Company in respect of the Shares
                                            forfeited, but his liability shall cease if and when the Company receives payment in full
                                            of the amount unpaid on the Shares forfeited.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40. | A
                                            certificate in writing under the hand of a Director that a Share has been duly forfeited
                                            on a date stated in the certificate shall be conclusive evidence of the facts in the declaration
                                            as against all Persons claiming to be entitled to the Share.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 41. | The
                                            Company may receive the consideration, if any, given for a Share on any sale or disposition
                                            thereof pursuant to the provisions of these Articles as to forfeiture and may execute a transfer
                                            of the Share in favour of the Person to whom the Share is sold or disposed of and that Person
                                            shall be registered as the holder of the Share and shall not be bound to see to the application
                                            of the purchase money, if any, nor shall his title to the Shares be affected by any irregularity
                                            or invalidity in the proceedings in reference to the disposition or sale.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 42. | The
                                            provisions of these Articles as to forfeiture shall apply in the case of non-payment of any
                                            sum which by the terms of issue of a Share becomes due and payable, whether on account of
                                            the amount of the Share, or by way of premium, as if the same had been payable by virtue
                                            of a call duly made and notified.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



TRANSFER
OF SHARES



| | 43. | The
                                            instrument of transfer of any Share shall be in writing and in any usual or common form or
                                            such other form as the Directors may, in their absolute discretion, approve and be executed
                                            by or on behalf of the transferor and if in respect of a nil or partly paid up Share, or
                                            if so required by the Directors, shall also be executed on behalf of the transferee and shall
                                            be accompanied by the certificate (if any) of the Shares to which it relates and such other
                                            evidence as the Directors may reasonably require to show the right of the transferor to make
                                            the transfer. The transferor shall be deemed to remain a Shareholder until the name of the
                                            transferee is entered in the Register in respect of the relevant Shares.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



44.



| | (a) | The
                                            Directors may in their absolute discretion decline to register any transfer of Shares which
                                            is not fully paid up or on which the Company has a lien.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | The Directors
                                            may also decline to register any transfer of any Share unless:
| | --- | ------------------------------------------------------------------------------------------------------------------------





13







| | (i) | the
                                            instrument of transfer is lodged with the Company, accompanied by the certificate for the
                                            Shares to which it relates and such other evidence as the Board may reasonably require to
                                            show the right of the transferor to make the transfer;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | the instrument
                                            of transfer is in respect of only one Class of Shares;
| | ---- | -----------------------------------------------------------------------------------------------------------------



| | (iii) | the instrument
                                            of transfer is properly stamped, if required;
| | ----- | --------------------------------------------------------------------------------------------------------



| | (iv) | in
                                            the case of a transfer to joint holders, the number of joint holders to whom the Share is
                                            to be transferred does not exceed four; and
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) | a
                                            fee of such maximum sum as the Designated Stock Exchange may determine to be payable, or
                                            such lesser sum as the Board of Directors may from time to time require, is paid to the Company
                                            in respect thereof.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 45. | The
                                            registration of transfers may, on ten calendar days’ notice being given by advertisement
                                            in such one or more newspapers, by electronic means or by any other means in accordance with
                                            the Designated Stock Exchange Rules, be suspended and the Register closed at such times and
                                            for such periods as the Directors may, in their absolute discretion, from time to time determine,
                                            provided always that such registration of transfer shall not be suspended nor the Register
                                            closed for more than thirty calendar days in any calendar year.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 46. | All
                                            instruments of transfer that are registered shall be retained by the Company. If the Directors
                                            refuse to register a transfer of any Shares, they shall within three calendar months after
                                            the date on which the transfer was lodged with the Company send notice of the refusal to
                                            each of the transferor and the transferee.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



TRANSMISSION
OF SHARES



| | 47. | The
                                            legal personal representative of a deceased sole holder of a Share shall be the only Person
                                            recognised by the Company as having any title to the Share. In the case of a Share registered
                                            in the name of two or more holders, the survivors or survivor, or the legal personal representatives
                                            of the deceased survivor, shall be the only Person recognised by the Company as having any
                                            title to the Share.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 48. | Any
                                            Person becoming entitled to a Share in consequence of the death or bankruptcy of a Shareholder
                                            shall, upon such evidence being produced as may from time to time be required by the Directors,
                                            have the right either to be registered as a Shareholder in respect of the Share or, instead
                                            of being registered himself, to make such transfer of the Share as the deceased or bankrupt
                                            Person could have made; but the Directors shall, in either case, have the same right to decline
                                            or suspend registration as they would have had in the case of a transfer of the Share by
                                            the deceased or bankrupt Person before the death or bankruptcy.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 49. | A
                                            Person becoming entitled to a Share by reason of the death or bankruptcy of a Shareholder
                                            shall be entitled to the same dividends and other advantages to which he would be entitled
                                            if he were the registered Shareholder, except that he shall not, before being registered
                                            as a Shareholder in respect of the Share, be entitled in respect of it to exercise any right
                                            conferred by membership in relation to meetings of the Company, provided however, that the
                                            Directors may at any time give notice requiring any such Person to elect either to be registered
                                            himself or to transfer the Share, and if the notice is not complied with within ninety calendar
                                            days,the Directors may thereafter withhold payment of all dividends, bonuses or other monies
                                            payable in respect of the Share until the requirements of the notice have been complied with.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





14







REGISTRATION
OF EMPOWERING INSTRUMENTS



| | 50. | The
                                            Company shall be entitled to charge a fee not exceeding one U.S. dollar (US$1.00) on the
                                            registration of every probate, letters of administration, certificate of death or marriage,
                                            power of attorney, notice in lieu of distringas, or other instrument.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



ALTERATION
OF SHARE CAPITAL



| | 51. | The
                                            Company may from time to time by Ordinary Resolution increase the share capital by such sum,
                                            to be divided into Shares of such Classes and amount, as the resolution shall prescribe.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 52. | The Company
                                            may by Ordinary Resolution:
| | --- | -----------------------------------------------------------------------------------



| | (a) | increase
                                            its share capital by new Shares of such amount as it thinks expedient;
| | --- | ---------------------------------------------------------------------------------------------------------------------------



| | (b) | consolidate
                                            and divide all or any of its share capital into Shares of a larger amount than its existing
                                            Shares;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | subdivide
                                            its Shares, or any of them, into Shares of an amount smaller than that fixed by the Memorandum,
                                            provided that in the subdivision the proportion between the amount paid and the amount, if
                                            any, unpaid on each reduced Share shall be the same as it was in case of the Share from which
                                            the reduced Share is derived; and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | cancel
                                            any Shares that, at the date of the passing of the resolution, have not been taken or agreed
                                            to be taken by any Person and diminish the amount of its share capital by the amount of the
                                            Shares so cancelled.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 53. | The
                                            Company may by Special Resolution reduce its share capital and any capital redemption reserve
                                            in any manner authorised by the Companies Act.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



REDEMPTION,
PURCHASE AND SURRENDER OF SHARES



| | 54. | Subject to
                                            the provisions of the Companies Act and these Articles, the Company may:
| | --- | -------------------------------------------------------------------------------------------------------------------------------



| | (a) | issue
                                            Shares that are to be redeemed or are liable to be redeemed at the option of the Shareholder
                                            or the Company. The redemption of Shares shall be effected in such manner and upon such terms
                                            as may be determined, before the issue of such Shares, by either the Board or by the Shareholders
                                            by Special Resolution;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | purchase
                                            its own Shares (including any redeemable Shares) on such terms and in such manner and terms
                                            as have been approved by the Board or by the Members by Ordinary Resolution, or are otherwise
                                            authorised by these Articles; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | make
                                            a payment in respect of the redemption or purchase of its own Shares in any manner permitted
                                            by the Companies Act, including out of capital.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





15







|55. | The purchase of any Share shall not oblige the Company to purchase
any other Share other than as may be required pursuant to applicable law and any other contractual obligations of the Company.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|56. | The holder of the Shares being purchased shall be bound to deliver up to the Company
the certificate(s) (if any) thereof for cancellation and thereupon the Company shall pay to him the purchase or redemption monies or consideration
in respect thereof.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 57. | The Directors may accept the surrender for no consideration of any fully paid Share.
| | --- | ------------------------------------------------------------------------------------



TREASURY SHARES



| | 58. | The Directors may, prior to the purchase, redemption or surrender of any Share, determine that such Share
shall be held as a Treasury Share.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------



| | 59. | The Directors may determine to cancel a Treasury Share or transfer a Treasury Share on such terms as they
think proper (including, without limitation, for nil consideration).
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



GENERAL MEETINGS



| | 60. | All general meetings other than annual general meetings shall be called extraordinary general meetings.
| | --- | -------------------------------------------------------------------------------------------------------



61.



| | (a) | The Company may (but shall not be obliged to) in each calendar year hold a general meeting as its annual
general meeting and shall specify the meeting as such in the notices calling it. The annual general meeting shall be held at such time
and place as may be determined by the Directors.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | At these meetings the report of the Directors (if any) shall be presented.
| | --- | --------------------------------------------------------------------------



62.



| | (a) | The Chairman or a majority of the Directors (acting by a resolution of the Board)
may call general meetings, and they shall on a Shareholders’ requisition forthwith proceed to convene an extraordinary general meeting
of the Company.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | A Shareholders’ requisition is a requisition of Members holding at the date
of deposit of the requisition Shares which carry in aggregate not less than a simple majority of all votes attaching to all issued and
outstanding Shares of the Company that as at the date of the deposit carry the right to vote at general meetings of the Company.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | The requisition must state the objects of the meeting and must be signed by the requisitionists
and deposited at the Registered Office, and may consist of several documents in like form each signed by one or more requisitionists.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | If there are no Directors as at the date of the deposit of the Shareholders’
requisition, or if the Directors do not within twenty-one (21) calendar days from the date of the deposit of the requisition duly proceed
to convene a general meeting to be held within a further twenty-one (21) calendar days, the requisitionists, or any of them representing
more than one-half of the total voting rights of all of them, may themselves convene a general meeting,
but any meeting so convened shall not be held after the expiration of three calendar months after the expiration of the said twenty-one
(21) calendar days.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





16







| | (e) | A general meeting convened as aforesaid by requisitionists shall be convened in the
same manner as nearly as possible as that in which general meetings are to be convened by Directors.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



NOTICE OF GENERAL MEETINGS



| | 63. | At least ten (10) calendar days’ notice shall be given for any general meeting.
Every notice shall be exclusive of the day on which it is given or deemed to be given and of the day for which it is given and shall specify
the place, the day and the hour of the meeting and the general nature of the business and shall be given in the manner hereinafter mentioned
or in such other manner if any as may be prescribed by the Company, provided that a general meeting of the Company shall, whether or not
the notice specified in this Article has been given and whether or not the provisions of these Articles regarding general meetings have
been complied with, be deemed to have been duly convened if it is so agreed:
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | in the case of an annual general meeting, by all the Shareholders (or their proxies) entitled to attend
and vote thereat; and
| | --- | -----------------------------------------------------------------------------------------------------------------------------



| | (b) | in the case of an extraordinary general meeting, by a simple majority of the Shareholders having a right
to attend and vote at the meeting, Present at the meeting.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 64. | The accidental omission to give notice of a meeting to or the non-receipt of a notice of a meeting by
any Shareholder shall not invalidate the proceedings at any meeting.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------



PROCEEDINGS AT GENERAL MEETINGS



| | 65. | No business except for the appointment of a chairman for the meeting shall be transacted
at any general meeting unless a quorum of Shareholders is Present at the time when the meeting proceeds to business. One or more Shareholders
holding Shares which carry in aggregate (or representing by proxy) not less than one-third of all votes attaching to all Shares in issue
and entitled to vote at such general meeting, Present at the meeting, shall be a quorum for all purposes.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 66. | If within half an hour from the time appointed for the meeting a quorum is not Present, the meeting shall
be dissolved.
| | --- | -----------------------------------------------------------------------------------------------------------------------



| | 67. | If the Directors wish to make this facility available for a specific general meeting
or all general meetings of the Company, attendance and participation in any general meeting of the Company may be by means of Communications
Facilities. Without limiting the generality of the foregoing, the Directors may determine that any general meeting may be held as a Virtual
Meeting. The notice of any general meeting at which Communications Facilities will be utilized (including any Virtual Meeting) must disclose
the Communications Facilities that will be used, including the procedures to be followed by any Shareholder or other participant of the
Meeting who wishes to utilize such Communications Facilities for the purposes of attending and participating in such meeting, including
attending and casting any vote thereat.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





17







| | 68. | The Chairman, if any, of the Board of Directors shall preside
as chairman at every general meeting of the Company. If there is no such Chairman of the Board of Directors, or if at any general meeting
he is not Present within fifteen minutes after the time appointed for holding the meeting or is unwilling to act as chairman of the meeting,
any Director or Person nominated by the Chairman (or, in the absence of such Chairman nomination, the Directors) shall preside as chairman
of that meeting, failing which the Shareholders Present shall choose any Person Present to be chairman of that meeting.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 69. | The chairman of any general meeting shall be entitled to attend and participate at
any such general meeting by means of Communication Facilities, and to act as the chairman of such general meeting, in which event the
following provisions shall apply:
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | The chairman of the meeting shall be deemed to be Present at the meeting; and
| | --- | -----------------------------------------------------------------------------



| | (b) | If the Communication Facilities are interrupted or fail for any reason to enable
the chairman of the meeting to hear and be heard by all other Persons participating in the meeting, then the other Directors Present at
the meeting shall choose another Director Present to act as chairman of the meeting for the remainder of the meeting; provided that if
no other Director is Present at the meeting, or if all the Directors Present decline to take the chair, then the meeting shall be automatically
adjourned to the same day in the next week and at such time and place as shall be decided by the board of Directors.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 70. | The chairman may with the consent of any general meeting at which a quorum is Present
(and shall if so directed by the meeting) adjourn the meeting from time to time and from place to place, but no business shall be transacted
at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place. When a meeting,
or adjourned meeting, is adjourned for fourteen calendar days or more, notice of the adjourned meeting shall be given as in the case of
an original meeting. Save as aforesaid it shall not be necessary to give any notice of an adjournment or of the business to be transacted
at an adjourned meeting.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 71. | The Directors may cancel or postpone any duly convened general meeting at any time
prior to such meeting, except for general meetings requisitioned by the Shareholders in accordance with these Articles, for any reason
or for no reason, upon notice in writing to Shareholders. A postponement may be for a stated period of any length or indefinitely as the
Directors may determine.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 72. | At any general meeting a resolution put to the vote of the meeting shall be decided
on a show of hands, unless a poll is (before or on the declaration of the result of the show of hands) demanded by the chairman of the
meeting or any Shareholder Present, and unless a poll is so demanded, a declaration by the chairman of the meeting that a resolution has,
on a show of hands, been carried, or carried unanimously, or by a particular majority, or lost, and an entry to that effect in the book
of the proceedings of the Company, shall be conclusive evidence of the fact, without proof of the number or proportion of the votes recorded
in favour of, or against, that resolution.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 73. | If a poll is duly demanded it shall be taken in such manner as the chairman of the
meeting directs, and the result of the poll shall be deemed to be the resolution of the meeting at which the poll was demanded.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



18







| | 74. | All questions submitted to a meeting shall be decided by an Ordinary Resolution except
where a greater majority is required by these Articles or by the Companies Act. In the case of an equality of votes, whether on a show
of hands or on a poll, the chairman of the meeting at which the show of hands takes place or at which the poll is demanded, shall be entitled
to a second or casting vote.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 75. | A poll demanded on the election of a chairman of the meeting or on a question of
adjournment shall be taken forthwith. A poll demanded on any other question shall be taken at such time as the chairman of the meeting
directs.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



VOTES OF SHAREHOLDERS



| | 76. | Subject to any rights and restrictions for the time being attached to any Share,
on a show of hands every Shareholder Present at the meeting shall, at a general meeting of the Company, each have one (1) vote and on
a poll every Shareholder Present at the meeting shall have one (1) vote for each Class A Ordinary Share and three (3) votes for each Class B Ordinary Share of which he is
the holder.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 77. | In the case of joint holders the vote of the senior who tenders a vote whether in
person or by proxy (or, if a corporation or other non-natural person, by its duly authorised representative or proxy) shall be accepted
to the exclusion of the votes of the other joint holders and for this purpose seniority shall be determined by the order in which the
names stand in the Register.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 78. | Shares carrying the right to vote that are held by a Shareholder of unsound mind,
or in respect of whom an order has been made by any court having jurisdiction in lunacy, may be voted, whether on a show of hands or on
a poll, by his committee, or other Person in the nature of a committee appointed by that court, and any such committee or other Person
may vote in respect of such Shares by proxy.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 79. | No Shareholder shall be entitled to vote at any general meeting of the Company unless
all calls, if any, or other sums presently payable by him in respect of Shares carrying the right to vote held by him have been paid.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 80. | On a poll votes may be given either personally or by proxy.
| | --- | -----------------------------------------------------------



| | 81. | Each Shareholder, other than a recognised clearing house (or its nominee(s)) or depositary
(or its nominee(s)), may only appoint one proxy on a show of hand. The instrument appointing a proxy shall be in writing under the hand
of the appointor or of his attorney duly authorised in writing or, if the appointor is a corporation, either under Seal or under the hand
of an officer or attorney duly authorised. A proxy need not be a Shareholder.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 82. | An instrument appointing a proxy may be in any usual or common form or such other form as the Directors
may approve.
| | --- | --------------------------------------------------------------------------------------------------------------------



| | 83. | The instrument appointing a proxy shall be deposited at the Registered Office or
at such other place as is specified for that purpose in the notice convening the meeting, or in any instrument of proxy sent out by the
Company:
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | not less than 48 hours before the time for holding the meeting or adjourned meeting at which the person
named in the instrument proposes to vote; or
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------



19







| | (b) | in the case of a poll taken more than 48 hours after it is demanded,
be deposited as aforesaid after the poll has been demanded and not less than 24 hours before the time appointed for the taking of the
poll; or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | where the poll is not taken forthwith but is taken not more than 48 hours after it
was demanded be delivered at the meeting at which the poll was demanded to the chairman or to the secretary or to any director;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



provided that the Directors may in
the notice convening the meeting, or in an instrument of proxy sent out by the Company, direct that the instrument appointing a proxy
may be deposited at such other time (no later than the time for holding the meeting or adjourned meeting) at the Registered Office or
at such other place as is specified for that purpose in the notice convening the meeting, or in any instrument of proxy sent out by the
Company. The Chairman may in any event at his discretion direct that an instrument of proxy shall be deemed to have been duly deposited.
An instrument of proxy that is not deposited in the manner permitted shall be invalid.



| | 84. | The instrument appointing a proxy shall be deemed to confer authority to demand or join in demanding a
poll.
| | --- | ------------------------------------------------------------------------------------------------------------



| | 85. | A resolution in writing signed by all the Shareholders for the time being entitled
to receive notice of and to attend and vote at general meetings of the Company (or being corporations by their duly authorised representatives)
shall be as valid and effective as if the same had been passed at a general meeting of the Company duly convened and held.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS



| | 86. | Any corporation which is a Shareholder or a Director may by resolution of its directors
or other governing body authorise such Person as it thinks fit to act as its representative at any meeting of the Company or of any meeting
of holders of a Class or of the Directors or of a committee of Directors, and the Person so authorised shall be entitled to exercise the
same powers on behalf of the corporation which he represents as that corporation could exercise if it were an individual Shareholder or
Director.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



DEPOSITARY AND CLEARING HOUSES



| | 87. | If a recognised clearing house (or its nominee(s)) or depositary (or its nominee(s))
is a Member of the Company it may, by resolution of its directors or other governing body or by power of attorney, authorise such Person(s)
as it thinks fit to act as its representative(s) at any general meeting of the Company or of any Class of Shareholders provided that,
if more than one Person is so authorised, the authorisation shall specify the number and Class of Shares in respect of which each such
Person is so authorised. A Person so authorised pursuant to this Article shall be entitled to exercise the same powers on behalf of the
recognised clearing house (or its nominee(s)) or depositary (or its nominee(s)) which he represents as that recognised clearing house
(or its nominee(s)) or depositary (or its nominee(s)) could exercise if it were an individual Member holding the number and Class of Shares
specified in such authorisation, including the right to vote individually on a show of hands.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





20







DIRECTORS



88.



| | (a) | Unless otherwise determined by the Company in general meeting,
the number of Directors shall not be less than three (3) Directors, the exact number of Directors to be determined from time to time
by the Board of Directors.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | The Board of Directors shall elect and appoint a Chairman by a majority of the Directors
then in office. The period for which the Chairman will hold office will also be determined by a majority of all of the Directors then
in office. The Chairman shall preside as chairman at every meeting of the Board of Directors. To the extent the Chairman is not present
at a meeting of the Board of Directors within fifteen minutes after the time appointed for holding the same, the attending Directors may
choose one of their number to be the chairman of the meeting.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | The Company may by Ordinary Resolution appoint any person to be a Director.
| | --- | ---------------------------------------------------------------------------



| | (d) | The Board may, by the affirmative vote of a simple majority of the remaining Directors
present and voting at a Board meeting, appoint any person as a Director, to fill a casual vacancy on the Board or as an addition to the
Board.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | An appointment of a Director may be on terms that the Director shall automatically
retire from office (unless he has sooner vacated office) at the next or a subsequent annual general meeting or upon any specified event
or after any specified period in a written agreement between the Company and the Director, if any; but no such term shall be implied in
the absence of express provision. Each Director whose term of office expires shall be eligible for re-election at a meeting of the Shareholders
or re-appointment by the Board.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 89. | A Director may be removed from office by an Ordinary Resolution, notwithstanding
anything in these Articles or in any agreement between the Company and such Director (but without prejudice to any claim for damages under
such agreement). A vacancy on the Board created by the removal of a Director under the previous sentence may be filled by an Ordinary
Resolution or by the affirmative vote of a simple majority of the remaining Directors present and voting at a Board meeting. The notice
of any meeting at which a resolution to remove a Director shall be proposed or voted upon must contain a statement of the intention to
remove that Director and such notice must be served on that Director not less than ten (10) calendar days before the meeting. Such Director
is entitled to attend the meeting and be heard on the motion for his removal.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 90. | The Board may, from time to time, and except as required by applicable law or Designated
Stock Exchange Rules, adopt, institute, amend, modify or revoke the corporate governance policies or initiatives of the Company and determine
on various corporate governance related matters of the Company as the Board shall determine by resolution of Directors from time to time.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 91. | A Director shall not be required to hold any Shares in the Company by way of qualification.
A Director who is not a Member of the Company shall nevertheless be entitled to attend and speak at general meetings.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 92. | The remuneration of the Directors may be determined by the Directors or by Ordinary Resolution.
| | --- | -----------------------------------------------------------------------------------------------



21







| | 93. | The Directors shall be entitled to be paid their travelling,
hotel and other expenses properly incurred by them in going to, attending and returning from meetings of the Directors, or any committee
of the Directors, or general meetings of the Company, or otherwise in connection with the business of the Company, or to receive such
fixed allowance in respect thereof as may be determined by the Directors from time to time, or a combination partly of one such method
and partly the other.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



ALTERNATE DIRECTOR OR PROXY



| | 94. | Any Director may in writing appoint another Person to be his alternate and, save
to the extent provided otherwise in the form of appointment, such alternate shall have authority to sign written resolutions on behalf
of the appointing Director, but shall not be required to sign such written resolutions where they have been signed by the appointing director,
and to act in such Director’s place at any meeting of the Directors at which the appointing Director is unable to be present. Every
such alternate shall be entitled to attend and vote at meetings of the Directors as a Director when the Director appointing him is not
personally present and where he is a Director to have a separate vote on behalf of the Director he is representing in addition to his
own vote. A Director may at any time in writing revoke the appointment of an alternate appointed by him. Such alternate shall be deemed
for all purposes to be a Director and shall not be deemed to be the agent of the Director appointing him. The remuneration of such alternate
shall be payable out of the remuneration of the Director appointing him and the proportion thereof shall be agreed between them.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 95. | Any Director may appoint any Person, whether or not a Director, to be the proxy of
that Director to attend and vote on his behalf, in accordance with instructions given by that Director, or in the absence of such instructions
at the discretion of the proxy, at a meeting or meetings of the Directors which that Director is unable to attend personally. The instrument
appointing the proxy shall be in writing under the hand of the appointing Director and shall be in any usual or common form or such other
form as the Directors may approve, and must be lodged with the chairman of the meeting of the Directors at which such proxy is to be used,
or first used, prior to the commencement of the meeting.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



POWERS AND DUTIES OF DIRECTORS



| | 96. | Subject to the Companies Act, these Articles and to any resolutions passed in a general
meeting, the business of the Company shall be managed by the Directors, who may pay all expenses incurred in setting up and registering
the Company and may exercise all powers of the Company. No resolution passed by the Company in general meeting shall invalidate any prior
act of the Directors that would have been valid if that resolution had not been passed.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 97. | Subject to these Articles, the Directors may from time to time appoint any natural
person or corporation, whether or not a Director to hold such office in the Company as the Directors may think necessary for the administration
of the Company, including but not limited to, chief executive officer, one or more other executive officers, president, one or more vice
presidents, treasurer, assistant treasurer, manager or controller, and for such term and at such remuneration (whether by way of salary
or commission or participation in profits or partly in one way and partly in another), and with such powers and duties as the Directors
may think fit. Any natural person or corporation so appointed by the Directors may be removed by the Directors. The Directors may also
appoint one or more of their number to the office of managing director upon like terms, but any such appointment shall ipso facto terminate
if any managing director ceases for any cause to be a Director,
or if the Company by Ordinary Resolution resolves that his tenure of office be terminated.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



22







| | 98. | The Directors may appoint any natural person or corporation to be a Secretary (and
if need be an assistant Secretary or assistant Secretaries) who shall hold office for such term, at such remuneration and upon such conditions
and with such powers as they think fit. Any Secretary or assistant Secretary so appointed by the Directors may be removed by the Directors
or by the Company by Ordinary Resolution.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99. | The Directors may delegate any of their powers to committees consisting of such member
or members of their body as they think fit; any committee so formed shall in the exercise of the powers so delegated conform to any regulations
that may be imposed on it by the Directors.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 100. | The Directors may from time to time and at any time by power of attorney (whether
under Seal or under hand) or otherwise appoint any company, firm or Person or body of Persons, whether nominated directly or indirectly
by the Directors, to be the attorney or attorneys or authorised signatory (any such Person being an “Attorney” or “Authorised
Signatory”, respectively) of the Company for such purposes and with such powers, authorities and discretion (not exceeding those
vested in or exercisable by the Directors under these Articles) and for such period and subject to such conditions as they may think fit,
and any such power of attorney or other appointment may contain such provisions for the protection and convenience of Persons dealing
with any such Attorney or Authorised Signatory as the Directors may think fit, and may also authorise any such Attorney or Authorised
Signatory to delegate all or any of the powers, authorities and discretion vested in him.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 101. | The Directors may from time to time provide for the management of the affairs of
the Company in such manner as they shall think fit and the provisions contained in the three next following Articles shall not limit the
general powers conferred by this Article.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 102. | The Directors from time to time and at any time may establish any committees, local
boards or agencies for managing any of the affairs of the Company and may appoint any natural person or corporation to be a member of
such committees or local boards and may appoint any managers or agents of the Company and may fix the remuneration of any such natural
person or corporation.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 103. | The Directors from time to time and at any time may delegate to any such committee,
local board, manager or agent any of the powers, authorities and discretions for the time being vested in the Directors and may authorise
the members for the time being of any such local board, or any of them to fill any vacancies therein and to act notwithstanding vacancies
and any such appointment or delegation may be made on such terms and subject to such conditions as the Directors may think fit and the
Directors may at any time remove any natural person or corporation so appointed and may annul or vary any such delegation, but no Person
dealing in good faith and without notice of any such annulment or variation shall be affected thereby.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 104. | Any such delegates as aforesaid may be authorised by the Directors to sub-delegate all or any of the powers,
authorities, and discretion for the time being vested in them.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------





23







BORROWING POWERS OF DIRECTORS



| | 105. | The Directors may from time to time at their discretion exercise all the powers of
the Company to raise or borrow money and to mortgage or charge its undertaking, property and assets (present and future) and uncalled
capital or any part thereof, to issue debentures, debenture stock, bonds and other securities, whether outright or as collateral security
for any debt, liability or obligation of the Company or of any third party.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



THE SEAL



| | 106. | The Seal shall not be affixed to any instrument except by the authority of a resolution
of the Directors provided always that such authority may be given prior to or after the affixing of the Seal and if given after may be
in general form confirming a number of affixing of the Seal. The Seal shall be affixed in the presence of a Director or a Secretary (or
an assistant Secretary) or in the presence of any one or more Persons as the Directors may appoint for the purpose and every Person as
aforesaid shall sign every instrument to which the Seal is so affixed in their presence.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 107. | The Company may maintain a facsimile of the Seal in such countries or places as the
Directors may appoint and such facsimile Seal shall not be affixed to any instrument except by the authority of a resolution of the Directors
provided always that such authority may be given prior to or after the affixing of such facsimile Seal and if given after may be in general
form confirming a number of affixing of such facsimile Seal. The facsimile Seal shall be affixed in the presence of such Person or Persons
as the Directors shall for this purpose appoint and such Person or Persons as aforesaid shall sign every instrument to which the facsimile
Seal is so affixed in their presence and such affixing of the facsimile Seal and signing as aforesaid shall have the same meaning and
effect as if the Seal had been affixed in the presence of and the instrument signed by a Director or a Secretary (or an assistant Secretary)
or in the presence of any one or more Persons as the Directors may appoint for the purpose.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 108. | Notwithstanding the foregoing, a Secretary or any assistant Secretary shall have
the authority to affix the Seal, or the facsimile Seal, to any instrument for the purposes of attesting authenticity of the matter contained
therein but which does not create any obligation binding on the Company.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



DISQUALIFICATION OF DIRECTORS



| | 109. | The office of Director shall be vacated, if the Director:
| | ---- | ---------------------------------------------------------



| | (a) | becomes bankrupt or makes any arrangement or composition with his creditors;
| | --- | ----------------------------------------------------------------------------



| | (b) | dies or is found to be or becomes of unsound mind;
| | --- | --------------------------------------------------



| | (c) | resigns his office by notice in writing to the Company;
| | --- | -------------------------------------------------------



| | (d) | without special leave of absence from the Board, is absent from meetings of the Board for three consecutive
meetings and the Board resolves that his office be vacated; or
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | is removed from office pursuant to any other provision of these Articles.
| | --- | -------------------------------------------------------------------------





24







PROCEEDINGS OF DIRECTORS



| | 110. | The Directors may meet together (either within or outside the
Cayman Islands) for the despatch of business, adjourn, and otherwise regulate their meetings and proceedings as they think fit. Questions
arising at any meeting shall be decided by a majority of votes. At any meeting of the Directors, each Director present in person or represented
by his proxy or alternate shall be entitled to one vote. In case of an equality of votes the Chairman shall have a second or casting
vote. A Director may, and a Secretary or assistant Secretary on the requisition of a Director shall, at any time summon a meeting of
the Directors.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 111. | A Director may participate in any meeting of the Directors, or of any committee appointed
by the Directors of which such Director is a member, by means of telephone or similar communication equipment by way of which all Persons
participating in such meeting can communicate with each other and such participation shall be deemed to constitute presence in person
at the meeting.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 112. | The quorum necessary for the transaction of the business of the Board may be fixed
by the Directors, and unless so fixed, the quorum shall be a majority of Directors then in office. A Director represented by proxy or
by an alternate Director at any meeting shall be deemed to be present for the purposes of determining whether or not a quorum is present.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 113. | A Director who is in any way, whether directly or indirectly, interested in a contract
or transaction or proposed contract or transaction with the Company shall declare the nature of his interest at a meeting of the Directors.
A general notice given to the Directors by any Director to the effect that he is a member of any specified company or firm and is to be
regarded as interested in any contract or transaction which may thereafter be made with that company or firm shall be deemed a sufficient
declaration of interest in regard to any contract so made or transaction so consummated. Subject to the Designated Stock Exchange Rules
and disqualification by the chairman of relevant Board meeting, a Director may vote in respect of any contract or transaction or proposed
contract or transaction notwithstanding that he may be interested therein and if he does so his vote shall be counted and he may be counted
in the quorum at any meeting of the Directors at which any such contract or transaction or proposed contract or transaction shall come
before the meeting for consideration.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 114. | A Director may hold any other office or place of profit under the Company (other
than the office of auditor) in conjunction with his office of Director for such period and on such terms (as to remuneration and otherwise)
as the Directors may determine and no Director or intending Director shall be disqualified by his office from contracting with the Company
either with regard to his tenure of any such other office or place of profit or as vendor, purchaser or otherwise, nor shall any such
contract or arrangement entered into by or on behalf of the Company in which any Director is in any way interested be liable to be avoided,
nor shall any Director so contracting or being so interested be liable to account to the Company for any profit realised by any such contract
or arrangement by reason of such Director holding that office or of the fiduciary relation thereby established. A Director, notwithstanding
his interest, may be counted in the quorum present at any meeting of the Directors whereat he or any other Director is appointed to hold
any such office or place of profit under the Company or whereat the terms of any such appointment are arranged and he may vote on any
such appointment or arrangement.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 115. | Any Director may act by himself or through his firm in a professional capacity for
the Company, and he or his firm shall be entitled to remuneration for professional services as if he were not a Director; provided that
nothing herein contained shall authorise a Director or his firm to act as auditor to the Company.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



25







| | 116. | The Directors shall cause minutes to be made for the purpose of recording:
| | ---- | --------------------------------------------------------------------------



| | (a) | all appointments of officers made by the Directors;
| | --- | ---------------------------------------------------



| | (b) | the names of the Directors present at each meeting of the Directors and of any committee of the Directors;
and
| | --- | --------------------------------------------------------------------------------------------------------------



| | (c) | all resolutions and proceedings at all meetings of the Company, and of the Directors and of committees
of Directors.
| | --- | --------------------------------------------------------------------------------------------------------------------



| | 117. | When the chairman of a meeting of the Directors signs the minutes of such meeting
the same shall be deemed to have been duly held notwithstanding that all the Directors have not actually come together or that there may
have been a technical defect in the proceedings.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 118. | A resolution in writing signed by all the Directors or all the members of a committee
of Directors entitled to receive notice of a meeting of Directors or committee of Directors, as the case may be (an alternate Director,
subject as provided otherwise in the terms of appointment of the alternate Director, being entitled to sign such a resolution on behalf
of his appointer), shall be as valid and effectual as if it had been passed at a duly called and constituted meeting of Directors or committee
of Directors, as the case may be. When signed a resolution may consist of several documents each signed by one or more of the Directors
or his duly appointed alternate.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 119. | The continuing Directors may act notwithstanding any vacancy in their body but if
and for so long as their number is reduced below the number fixed by or pursuant to these Articles as the necessary quorum of Directors,
the continuing Directors may act for the purpose of increasing the number, or of summoning a general meeting of the Company, but for no
other purpose.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 120. | Subject to any regulations imposed on it by the Directors, a committee appointed
by the Directors may elect a chairman of its meetings. If no such chairman is elected, or if at any meeting the chairman is not present
within fifteen minutes after the time appointed for holding the meeting, the committee members present may choose one of their number
to be chairman of the meeting.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 121. | A committee appointed by the Directors may meet and adjourn as it thinks proper.
Subject to any regulations imposed on it by the Directors, questions arising at any meeting shall be determined by a majority of votes
of the committee members present and in case of an equality of votes the chairman shall have a second or casting vote.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 122. | All acts done by any meeting of the Directors or of a committee of Directors, or
by any Person acting as a Director, shall notwithstanding that it be afterwards discovered that there was some defect in the appointment
of any such Director or Person acting as aforesaid, or that they or any of them were disqualified, be as valid as if every such Person
had been duly appointed and was qualified to be a Director.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



PRESUMPTION OF ASSENT



| | 123. | A Director who is present at a meeting of the Board of Directors at which an action
on any Company matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered in the minutes
of the meeting or unless he shall file his written dissent from such action with the person acting as the chairman or secretary of the
meeting before the adjournment thereof or shall forward such dissent by registered post to such person immediately after the adjournment
of the meeting. Such right to dissent shall not apply to a Director who voted in favour of such action.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

26







DIVIDENDS



| | 124. | Subject to any rights and restrictions for the time being attached to any Shares,
the Directors may from time to time declare dividends (including interim dividends) and other distributions on Shares in issue and authorise
payment of the same out of the funds of the Company lawfully available therefor.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 125. | Subject to any rights and restrictions for the time being attached to any Shares,
the Company by Ordinary Resolution may declare dividends, but no dividend shall exceed the amount recommended by the Directors.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 126. | The Directors may, before recommending or declaring any dividend, set aside out of
the funds legally available for distribution such sums as they think proper as a reserve or reserves which shall, in the absolute discretion
of the Directors, be applicable for meeting contingencies or for equalising dividends or for any other purpose to which those funds may
be properly applied, and pending such application may in the absolute discretion of the Directors, either be employed in the business
of the Company or be invested in such investments (other than Shares of the Company) as the Directors may from time to time think fit.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 127. | Any dividend payable in cash to the holder of Shares may be paid in any manner determined
by the Directors. If paid by cheque it will be sent by mail addressed to the holder at his address in the Register, or addressed to such
person and at such addresses as the holder may direct. Every such cheque or warrant shall, unless the holder or joint holders otherwise
direct, be made payable to the order of the holder or, in the case of joint holders, to the order of the holder whose name stands first
on the Register in respect of such Shares, and shall be sent at his or their risk and payment of the cheque or warrant by the bank on
which it is drawn shall constitute a good discharge to the Company.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 128. | The Directors may determine that a dividend shall be paid wholly or partly by the
distribution of specific assets (which may consist of the shares or securities of any other company) and may settle all questions concerning
such distribution. Without limiting the generality of the foregoing, the Directors may fix the value of such specific assets, may determine
that cash payment shall be made to some Shareholders in lieu of specific assets and may vest any such specific assets in trustees on such
terms as the Directors think fit.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 129. | Subject to any rights and restrictions for the time being attached to any Shares,
all dividends shall be declared and paid according to the amounts paid up on the Shares, but if and for so long as nothing is paid up
on any of the Shares dividends may be declared and paid according to the par value of the Shares. No amount paid on a Share in advance
of calls shall, while carrying interest, be treated for the purposes of this Article as paid on the Share.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 130. | If several Persons are registered as joint holders of any Share, any of them may give effective receipts
for any dividend or other moneys payable on or in respect of the Share.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 131. | No dividend shall bear interest against the Company.
| | ---- | ----------------------------------------------------



27







| | 132. | Any dividend unclaimed after a period of six calendar years from the date of declaration
of such dividend may be forfeited by the Board of Directors and, if so forfeited, shall revert to the Company.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



ACCOUNTS, AUDIT AND ANNUAL RETURN AND DECLARATION



| | 133. | The books of account relating to the Company’s affairs shall be kept in such manner as may be determined
from time to time by the Directors.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------



| | 134. | The books of account shall be kept at the Registered Office, or at such other place or places as the Directors
think fit, and shall always be open to the inspection of the Directors.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 135. | The Directors may from time to time determine whether and to what extent and at what
times and places and under what conditions or regulations the accounts and books of the Company or any of them shall be open to the inspection
of Shareholders not being Directors, and no Shareholder (not being a Director) shall have any right to inspect any account or book or
document of the Company except as conferred by law or authorised by the Directors or by Ordinary Resolution.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 136. | The accounts relating to the Company’s affairs shall be audited in such manner
and with such financial year end as may be determined from time to time by the Directors or failing any determination as aforesaid shall
not be audited.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 137. | The Directors may appoint an auditor of the Company who shall hold office until removed from office by
a resolution of the Directors and may fix his or their remuneration.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 138. | Every auditor of the Company shall have a right of access at all times to the books
and accounts and vouchers of the Company and shall be entitled to require from the Directors and officers of the Company such information
and explanation as may be necessary for the performance of the duties of the auditors.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 139. | The auditors shall, if so required by the Directors, make a report on the accounts
of the Company during their tenure of office at the next annual general meeting following their appointment, and at any time during their
term of office, upon request of the Directors or any general meeting of the Members.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 140. | The Directors in each calendar year shall prepare, or cause to be prepared, an annual
return and declaration setting forth the particulars required by the Companies Act and deliver a copy thereof to the Registrar of Companies
in the Cayman Islands.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



CAPITALISATION OF RESERVES



| | 141. | Subject to the Companies Act, the Directors may:
| | ---- | ------------------------------------------------



| | (a) | resolve to capitalise an amount standing to the credit of reserves (including a Share
Premium Account, capital redemption reserve and profit and loss account), which is available for distribution;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



28







| | (b) | appropriate the sum resolved to be capitalised to the Shareholders
in proportion to the nominal amount of Shares (whether or not fully paid) held by them respectively and apply that sum on their behalf
in or towards:
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | paying up the amounts (if any) for the time being unpaid on Shares held by them respectively, or
| | --- | ------------------------------------------------------------------------------------------------



| | (ii) | paying up in full unissued Shares or debentures of a nominal amount equal to that sum,
| | ---- | --------------------------------------------------------------------------------------



and allot the Shares or debentures,
credited as fully paid, to the Shareholders (or as they may direct) in those proportions, or partly in one way and partly in the other,
but the Share Premium Account, the capital redemption reserve and profits which are not available for distribution may, for the purposes
of this Article, only be applied in paying up unissued Shares to be allotted to Shareholders credited as fully paid;



| | (c) | make any arrangements they think fit to resolve a difficulty arising in the distribution
of a capitalised reserve and in particular, without limitation, where Shares or debentures become distributable in fractions the Directors
may deal with the fractions as they think fit;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | authorise a Person to enter (on behalf of all the Shareholders concerned) into an agreement with the Company
providing for either:
| | --- | ----------------------------------------------------------------------------------------------------------------------------------



| | (i) | the allotment to the Shareholders respectively, credited as fully paid, of Shares or debentures to which
they may be entitled on the capitalisation, or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | the payment by the Company on behalf of the Shareholders (by the application of their
respective proportions of the reserves resolved to be capitalised) of the amounts or part of the amounts remaining unpaid on their existing
Shares,
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



and any such agreement made under this authority being
effective and binding on all those Shareholders; and



| | (e) | generally do all acts and things required to give effect to the resolution.
| | --- | ---------------------------------------------------------------------------



| | 142. | Notwithstanding any provisions in these Articles, the Directors may resolve to capitalise
an amount standing to the credit of reserves (including the share premium account, capital redemption reserve and profit and loss account)
or otherwise available for distribution by applying such sum in paying up in full unissued Shares to be allotted and issued to:
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | employees (including Directors) or service providers of the Company or its Affiliates
upon exercise or vesting of any options or awards granted under any share incentive scheme or employee benefit scheme or other arrangement
which relates to such persons that has been adopted or approved by the Directors or the Members; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | any trustee of any trust or administrator of any share incentive scheme or employee
benefit scheme to whom shares are to be allotted and issued by the Company in connection with the operation of any share incentive scheme
or employee benefit scheme or other arrangement which relates to such persons that has been adopted or approved by the Directors or Members.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



29







SHARE PREMIUM ACCOUNT



| | 143. | The Directors shall in accordance with the Companies Act establish a Share Premium
Account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the
issue of any Share.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 144. | There shall be debited to any Share Premium Account on the redemption or purchase
of a Share the difference between the nominal value of such Share and the redemption or purchase price provided always that at the discretion
of the Directors such sum may be paid out of the profits of the Company or, if permitted by the Companies Act, out of capital.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



NOTICES



| | 145. | Except as otherwise provided in these Articles, any notice or document may be served
by the Company or by the Person entitled to give notice to any Shareholder either personally, or by posting it by airmail or a recognised
courier service in a prepaid letter addressed to such Shareholder at his address as appearing in the Register, or by electronic mail to
any electronic mail address such Shareholder may have specified in writing for the purpose of such service of notices, or by facsimile
to any facsimile number such Shareholder may have specified in writing for the purpose of such service of notices, or by placing it on
the Company’s Website should the Directors deem it appropriate. In the case of joint holders of a Share, all notices shall be given
to that one of the joint holders whose name stands first in the Register in respect of the joint holding, and notice so given shall be
sufficient notice to all the joint holders.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 146. | Notices sent from one country to another shall be sent or forwarded by prepaid airmail or a recognised
courier service.
| | ---- | -----------------------------------------------------------------------------------------------------------------------



| | 147. | Any Shareholder Present at any meeting of the Company shall for all purposes be deemed
to have received due notice of such meeting and, where requisite, of the purposes for which such meeting was convened.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 148. | Any notice or other document, if served by:
| | ---- | -------------------------------------------



| | (a) | post, shall be deemed to have been served five calendar days after the time when the letter containing
the same is posted;
| | --- | --------------------------------------------------------------------------------------------------------------------------



| | (b) | facsimile, shall be deemed to have been served upon production by the transmitting
facsimile machine of a report confirming transmission of the facsimile in full to the facsimile number of the recipient;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | recognised courier service, shall be deemed to have been served 48 hours after the time when the letter
containing the same is delivered to the courier service; or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | electronic means, shall be deemed to have been served immediately (i) upon the time
of the transmission to the electronic mail address supplied by the Shareholder to the Company or (ii) upon the time of its placement on
the Company’s Website.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



30







In proving service by post or courier
service it shall be sufficient to prove that the letter containing the notice or documents was properly addressed and duly posted or delivered
to the courier service.



| | 149. | Any notice or document delivered or sent by post to or left at the registered address
of any Shareholder in accordance with the terms of these Articles shall notwithstanding that such Shareholder be then dead or bankrupt,
and whether or not the Company has notice of his death or bankruptcy, be deemed to have been duly served in respect of any Share registered
in the name of such Shareholder as sole or joint holder, unless his name shall at the time of the service of the notice or document have
been removed from the Register as the holder of the Share, and such service shall for all purposes be deemed a sufficient service of such
notice or document on all Persons interested (whether jointly with or as claiming through or under him) in the Share.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 150. | Notice of every general meeting of the Company shall be given to:
| | ---- | -----------------------------------------------------------------



| | (a) | all Shareholders holding Shares with the right to receive notice and who have supplied to the Company
an address for the giving of notices to them; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | every Person entitled to a Share in consequence of the death or bankruptcy of a Shareholder,
who but for his death or bankruptcy would be entitled to receive notice of the meeting.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



No other Person shall be entitled to receive notices of general
meetings.



INFORMATION



| | 151. | Subject to the relevant laws, rules and regulations applicable to the Company, no
Member shall be entitled to require discovery of any information in respect of any detail of the Company’s trading or any information
which is or may be in the nature of a trade secret or secret process which may relate to the conduct of the business of the Company and
which in the opinion of the Board would not be in the interests of the Members of the Company to communicate to the public.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 152. | Subject to due compliance with the relevant laws, rules and regulations applicable
to the Company, the Board shall be entitled to release or disclose any information in its possession, custody or control regarding the
Company or its affairs to any of its Members including, without limitation, information contained in the Register and transfer books of
the Company.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



INDEMNITY



| | 153. | Every Director (including for the purposes of this Article any alternate Director
appointed pursuant to the provisions of these Articles), Secretary, assistant Secretary, or other officer for the time being and from
time to time of the Company (but not including the Company’s auditors) and the personal representatives of the same (each an “Indemnified
Person”) shall be indemnified and secured harmless against all actions, proceedings, costs, charges, expenses, losses, damages or
liabilities incurred or sustained by such Indemnified Person, other than by reason of such Indemnified Person’s own dishonesty,
wilful default or fraud, in or about the conduct of the Company’s business or affairs (including as a result of any mistake of judgment)
or in the execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the
foregoing, any costs, expenses, losses or liabilities incurred by such Indemnified
Person in defending (whether successfully or otherwise) any civil proceedings concerning the Company or its affairs in any court whether
in the Cayman Islands or elsewhere.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



31







| | 154. | No Indemnified Person shall be liable:
| | ---- | --------------------------------------



| | (a) | for the acts, receipts, neglects, defaults or omissions of any other Director or officer or agen of the
Company; or
| | --- | -------------------------------------------------------------------------------------------------------------------



| | (b) | for any loss on account of defect of title to any property of the Company; or
| | --- | -----------------------------------------------------------------------------



| | (c) | on account of the insufficiency of any security in or upon which any money of the Company shall be invested;
or
| | --- | ---------------------------------------------------------------------------------------------------------------



| | (d) | for any loss incurred through any bank, broker or other similar Person; or
| | --- | --------------------------------------------------------------------------



| | (e) | for any loss occasioned by any negligence, default, breach of duty, breach of trust, error of judgement
or oversight on such Indemnified Person’s part; or
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | for any loss, damage or misfortune whatsoever which may happen in or arise from the
execution or discharge of the duties, powers, authorities, or discretions of such Indemnified Person’s office or in relation thereto;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



unless the same shall happen through such Indemnified Person’s
own dishonesty, wilful default or fraud.



FINANCIAL YEAR



| | 155. | Unless the Directors otherwise prescribe, the financial year of the Company shall end on 31 December in
each calendar year and shall begin on 1 January in each calendar year.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



NON-RECOGNITION OF TRUSTS



| | 156. | No Person shall be recognised by the Company as holding any Share upon any trust
and the Company shall not, unless required by law, be bound by or be compelled in any way to recognise (even when having notice thereof)
any equitable, contingent, future or partial interest in any Share or (except only as otherwise provided by these Articles or as the Companies
Act requires) any other right in respect of any Share except an absolute right to the entirety thereof in each Shareholder registered
in the Register.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



WINDING UP



| | 157. | If the Company shall be wound up the liquidator may, with the sanction of a Special
Resolution of the Company and any other sanction required by the Companies Act, divide amongst the Members in species or in kind the whole
or any part of the assets of the Company (whether they shall consist of property of the same kind or not) and may for that purpose value
any assets and determine how the division shall be carried out as between the Members or different classes of Members. The liquidator
may, with the like sanction, vest the whole or any part of such assets in trustees upon such trusts for the benefit of the Members as
the liquidator, with the like sanction, shall think fit, but so that no Member shall be compelled to accept any asset upon which there
is a liability.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



32







| | 158. | If the Company shall be wound up, and the assets available for distribution amongst
the Members shall be insufficient to repay the whole of the share capital, such assets shall be distributed so that, as nearly as may
be, the losses shall be borne by the Members in proportion to the par value of the Shares held by them. If in a winding up the assets
available for distribution amongst the Members shall be more than sufficient to repay the whole of the share capital at the commencement
of the winding up, the surplus shall be distributed amongst the Members in proportion to the par value of the Shares held by them at the
commencement of the winding up subject to a deduction from those Shares in respect of which there are monies due, of all monies payable
to the Company for unpaid calls or otherwise. This Article is without prejudice to the rights of the holders of Shares issued upon special
terms and conditions.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



AMENDMENT OF ARTICLES OF ASSOCIATION



| | 159. | Subject to the Companies Act, the Company may at any time and from time to time by Special Resolution
alter or amend these Articles in whole or in part.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------



CLOSING OF REGISTER OR FIXING RECORD DATE



| | 160. | For the purpose of determining those Shareholders that are entitled to receive notice
of, attend or vote at any meeting of Shareholders or any adjournment thereof, or those Shareholders that are entitled to receive payment
of any dividend, or in order to make a determination as to who is a Shareholder for any other purpose, the Directors may provide that
the Register shall be closed for transfers for a stated period which shall not exceed in any case thirty calendar days in any calendar
year.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 161. | In lieu of or apart from closing the Register, the Directors may fix in advance a
date as the record date for any such determination of those Shareholders that are entitled to receive notice of, attend or vote at a meeting
of the Shareholders and for the purpose of determining those Shareholders that are entitled to receive payment of any dividend the Directors
may, at or within ninety calendar days prior to the date of declaration of such dividend, fix a subsequent date as the record date for
such determination.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 162. | If the Register is not so closed and no record date is fixed for the determination
of those Shareholders entitled to receive notice of, attend or vote at a meeting of Shareholders or those Shareholders that are entitled
to receive payment of a dividend, the date on which notice of the meeting is posted or the date on which the resolution of the Directors
declaring such dividend is adopted, as the case may be, shall be the record date for such determination of Shareholders. When a determination
of those Shareholders that are entitled to receive notice of, attend or vote at a meeting of Shareholders has been made as provided in
this Article, such determination shall apply to any adjournment thereof.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



REGISTRATION BY WAY OF CONTINUATION



| | 163. | The Company may by Special Resolution resolve to be registered by way of continuation
in a jurisdiction outside the Cayman Islands or such other jurisdiction in which it is for the time being incorporated, registered or
existing. In furtherance of a resolution adopted pursuant to this Article, the Directors may cause an application to be made to the Registrar
of Companies to deregister the Company in the Cayman Islands or such other jurisdiction in which it is for the time being incorporated,
registered or existing and may cause all such further steps as they consider appropriate to be taken to effect the transfer
by way of continuation of the Company.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



DISCLOSURE



| | 164. | The Directors, or any service providers (including the officers, the Secretary and
the registered office provider of the Company) specifically authorised by the Directors, shall be entitled to disclose to any regulatory
or judicial authority any information regarding the affairs of the Company including without limitation information contained in the Register
and books of the Company.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





33