Exhibit 10.4 


 


Execution Version


 


VOTING AND SUPPORT AGREEMENT


 


VOTING
AND SUPPORT AGREEMENT (this “Agreement”) is made and entered into as of August 13, 2021, by and among TH
International Limited, a Cayman Islands exempted company (the “Company”), Silver Crest Acquisition Corporation, a Cayman
Islands exempted company (“SPAC”), and Silver Crest Management LLC, Cayman Islands
limited liability company (“Sponsor”).


 


WHEREAS,
capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed thereto in the Agreement and Plan
of Merger (the “Merger Agreement”) entered into by and among the Company, Miami Swan Ltd, a Cayman Islands exempted
company and wholly owned subsidiary of the Company (“Merger Sub”), and SPAC, pursuant to which, among other things,
(i) Merger Sub will be merged with and into SPAC (the “First Merger”), with SPAC surviving the First Merger as
a wholly owned subsidiary of the Company, and (ii) SPAC will be merged with and into the Company (the “Second Merger”
and together with the First Merger, the “Mergers”), with the Company surviving the Second Merger;


 


WHEREAS,
Sponsor is, as of the date of this Agreement, the sole legal owner of (a) 8,625,000 SPAC Class B Shares and (b) 8,900,000
SPAC Class A Shares underlying SPAC Warrants (all such shares set forth in clauses (a) and (b), being collectively referred
to herein as the “Owned Shares”; and the Owned Shares and any other SPAC Shares (or any securities convertible into
or exercisable or exchangeable for SPAC Shares) acquired by Sponsor after the date of this Agreement and during the term of this Agreement,
being collectively referred to herein as the “Subject Shares”); and


 


WHEREAS,
as a condition to their willingness to enter into the Merger Agreement, the Company and SPAC have requested that Sponsor enter into this
Agreement.


 


NOW,
THEREFORE, the parties hereto agree as follows:


 


Article I

Representations and Warranties of Sponsor


 


Sponsor hereby represents and warrants to the
Company and SPAC as follows:


 


1.1          Organization
and Standing. Sponsor has been duly organized and is validly existing and in good standing under the Laws of the Cayman Islands and
has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Sponsor
is duly qualified or licensed and in good standing to do business in each jurisdiction in which the character of the property owned,
leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary.


 


1.2          Authorization;
Binding Agreement. Sponsor
has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the
transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby have been duly and validly authorized and no other proceedings on the part of Sponsor are necessary to authorize the execution
and delivery of this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed
and delivered by Sponsor and, assuming the due authorization, execution and delivery of this Agreement by the other parties hereto, constitutes
the valid and binding obligation of Sponsor, enforceable against Sponsor in accordance with its terms, subject to the Enforceability
Exceptions.


 






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1.3          Governmental
Approvals. No consent of or with any Governmental Authority on the part of Sponsor is required to be obtained or made in connection
with the execution, delivery or performance by Sponsor of this Agreement or the consummation by Sponsor of the transactions contemplated
hereby, other than (a) applicable requirements, if any, of the Securities Act, the Exchange Act, and/ or any state “blue sky”
securities Laws, and the rules and regulations thereunder and (b) where the failure to obtain or make such consents or to make
such filings or notifications would not prevent, impede or, in any material respect, delay or adversely affect the performance by Sponsor
of its obligations under this Agreement.


 


1.4          Non-Contravention.
The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance with any of the
provisions hereof by Sponsor will not (a) conflict with or violate any provision of the Organizational Documents of Sponsor, (b) conflict
with or violate any Law, permit, Governmental Order or consent applicable to Sponsor or any of its properties or assets, or (c) (i) violate,
conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse of time or both, would
constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification of, (iv) accelerate
the performance required by Sponsor under, (v) result in a right of termination or acceleration under, (vi) give rise to any
obligation to make payments or provide compensation under, (vii) result in the creation of any Lien (other than Permitted Lien)
upon any of the properties or assets of Sponsor under, (viii) give rise to any obligation to obtain any third party consent from
any Person or (ix) give any Person the right to declare a default, exercise any remedy, accelerate the maturity or performance,
cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms, conditions or provisions of, any material
Contract of Sponsor, except for any deviations from any of the foregoing clauses (b) or (c) that would not prevent, impede
or, in any material respect, delay or adversely affect the performance by Sponsor of its obligations under this Agreement.


 


1.5          Owned
Shares. Sponsor is the sole legal owner of the Owned Shares, and all such Owned Shares are owned by Sponsor free and clear of all
liens or encumbrances, other than liens or encumbrances pursuant to this Agreement, the Organizational Documents of SPAC, the Letter
Agreement (as defined below), the Merger Agreement or applicable federal or state securities laws. Sponsor does not legally own any shares
of SPAC other than the Owned Shares. Sponsor has the sole right to vote the Owned Shares, and none of the Owned Shares is subject to
any voting trust or other agreement, arrangement or restriction with respect to the voting of the Owned Shares, except as contemplated
by this Agreement, the Letter Agreement, dated as of January 13, 2021, among SPAC, Sponsor and SPAC’s officers and directors
(the “Letter Agreement”), the Merger Agreement or the Organizational Documents of SPAC.


 


1.6          Merger
Agreement. Sponsor understands and acknowledges that the Company and SPAC are entering into the Merger Agreement in reliance upon
Sponsor’s execution and delivery of this Agreement. Sponsor has received a copy of the Merger Agreement and is familiar with the
provisions of the Merger Agreement.


 






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Article II

Representations and Warranties of SPAC


 


SPAC hereby represents and warrants to Sponsor
and the Company as follows:


 


2.1         Organization
and Standing. SPAC is an exempted company duly incorporated, validly existing and in good standing under the Laws of the Cayman Islands.
SPAC has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being
conducted. SPAC is duly qualified or licensed and in good standing to do business in each jurisdiction in which the character of the
property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary.


 


2.2         Authorization;
Binding Agreement. SPAC has all requisite corporate power and authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of
the transactions contemplated hereby have been duly and validly authorized and no other corporate proceedings on the part of SPAC are
necessary to authorize the execution and delivery of this Agreement or to consummate the transactions contemplated hereby. This Agreement
has been duly and validly executed and delivered by SPAC and, assuming the due authorization, execution and delivery of this Agreement
by the other parties hereto, constitutes the valid and binding obligation of SPAC, enforceable against SPAC in accordance with its terms,
subject to the Enforceability Exceptions.


 


2.3         Non-Contravention.
The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance with any of the
provisions hereof by SPAC will not (a) conflict with or violate any provision of Organizational Documents of SPAC, (b) conflict
with or violate any Law, permit, Governmental Order or consent applicable to SPAC or any of its properties or assets, or (c) (i) violate,
conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse of time or both, would
constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification of, (iv) accelerate
the performance required by SPAC under, (v) result in a right of termination or acceleration under, (vi) give rise to any obligation
to make payments or provide compensation under, (vii) result in the creation of any Lien (other than Permitted Lien) upon any of
the properties or assets of SPAC under, (viii) give rise to any obligation to obtain any third party consent from any Person or
(ix) give any Person the right to declare a default, exercise any remedy, accelerate the maturity or performance, cancel, terminate
or modify any right, benefit, obligation or other term under, any of the terms, conditions or provisions of, any material Contract of
SPAC, except for any deviations from any of the foregoing clauses (b) or (c) that would not prevent, impede or, in any material
respect, delay or adversely affect the performance by SPAC of its obligations under this Agreement.


 






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Article III

Representations and Warranties of the Company


 


The Company hereby represents and warrants to
Sponsor and SPAC as follows:


 


3.1         Organization
and Standing. The Company is an exempted company duly incorporated, validly existing and in good standing under the Laws of the Cayman
Islands. The Company has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business
as now being conducted. The Company is duly qualified or licensed and in good standing to do business in each jurisdiction in which the
character of the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing
necessary.


 


3.2         Authorization;
Binding Agreement. The Company has all requisite corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby have been duly and validly authorized and no other corporate proceedings on the
part of the Company are necessary to authorize the execution and delivery of this Agreement or to consummate the transactions contemplated
hereby. This Agreement has been duly and validly executed and delivered by and, assuming the due authorization, execution and delivery
of this Agreement by the other parties hereto, constitutes the valid and binding obligation of the Company, enforceable against the Company
in accordance with its terms, subject to the Enforceability Exceptions.


 


3.3         Non-Contravention.
The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance with any of the
provisions hereof by the Company will not (a) conflict with or violate any provision of Organizational Documents of the Company,
(b) conflict with or violate any Law, permit, Governmental Order or consent applicable to the Company or any of its properties or
assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with
notice or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation
or modification of, (iv) accelerate the performance required by the Company under, (v) result in a right of termination or
acceleration under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation
of any Lien (other than Permitted Lien) upon any of the properties or assets of the Company under, (viii) give rise to any obligation
to obtain any third party consent from any Person or (ix) give any Person the right to declare a default, exercise any remedy, accelerate
the maturity or performance, cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms, conditions
or provisions of, any material Contract of the Company, except for any deviations from any of the foregoing clauses (b) or (c) that
would not prevent, impede or, in any material respect, delay or adversely affect the performance by the Company of its obligations under
this Agreement.


 


Article IV

Agreement to Vote; Certain Other Covenants of Sponsor


 


Sponsor covenants and agrees during the term of this Agreement
as follows:


 


4.1          Agreement
to Vote.


 


(a)            In
Favor of the Mergers. At any meeting of the shareholders of SPAC called to seek the SPAC Shareholder Approval, or at any adjournment
thereof, or in connection with any written consent of the shareholders of SPAC or in any other circumstances upon which a vote, consent
or other approval with respect to the SPAC Transaction Proposals and any other transactions contemplated by the Merger Agreement and
any other Transaction Agreements, Sponsor shall (i) if a meeting is held, appear at such meeting or otherwise cause the Subject
Shares to be counted as present at such meeting for purposes of establishing a quorum, and (ii) vote or cause to be voted (including
by class vote and/or written consent, if applicable) the Subject Shares in favor of granting the SPAC Shareholder Approval or, if there
are insufficient votes in favor of granting the SPAC Shareholder Approval, in favor of the adjournment of such meeting of the shareholders
of SPAC to a later date.


 






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(b)            Against
Other Transactions. At any meeting of shareholders of SPAC or at any adjournment thereof, or in connection with any written consent
of the shareholders of SPAC or in any other circumstances upon which Sponsor’s vote, consent or other approval is sought, Sponsor
shall vote (or cause to be voted) the Subject Shares (including by withholding class vote and/or written consent, if applicable) against
(i) other than in connection with the Transactions, any business combination agreement, merger agreement or merger (other than the
Merger Agreement and the Mergers), scheme of arrangement, business combination, consolidation, combination, sale of substantial assets,
reorganization, recapitalization, dissolution, liquidation or winding up of or by SPAC or any public offering of any shares of SPAC or,
in case of a public offering only, a newly-formed holding company of SPAC, (ii) any offer or proposal relating to a SPAC Alternative
Transaction, and (iii) any amendment of Organizational Documents of SPAC or other proposal or transaction involving SPAC, which,
in each of cases (i) and (iii) of this sentence, would be reasonably likely to in any material respect impede, interfere with,
delay or attempt to discourage, frustrate the purposes of, result in a breach by SPAC of, prevent or nullify any provision of the Merger
Agreement or any other Transaction Agreement, the Mergers or any other Transaction or change in any manner the voting rights of any class
of SPAC’s share capital.


 


(c)            Revoke
Other Proxies. Sponsor represents and warrants that any proxies or powers of attorney heretofore given in respect of the Subject
Shares that may still be in effect are not irrevocable, and such proxies or powers of attorney have been or are hereby revoked, other
than the voting and other arrangements under the Organizational Documents of SPAC and the Letter Agreement.


 


(d)           Irrevocable
Proxy and Power of Attorney. Sponsor hereby unconditionally and irrevocably grants to, and appoints, the Company and any individual
designated in writing by the Company, and each of them individually, as Sponsor’s proxy and attorney-in-fact (with full power of
substitution), for and in the name, place and stead of Sponsor, to vote the Subject Shares, or grant a written consent or approval in
respect of the Subject Shares, in a manner consistent with Section 4.1(a). Sponsor understands and acknowledges that the Company
is entering into the Merger Agreement in reliance upon Sponsor’s execution and delivery of this Agreement. Sponsor hereby affirms
that the irrevocable proxy and power of attorney set forth in this Section 4.1(d) are given in connection with the execution
of the Merger Agreement, and that such irrevocable proxy and power of attorney are given to secure the performance of the duties of Sponsor
under this Agreement. Sponsor hereby further affirms that the irrevocable proxy and power of attorney are given to secure a proprietary
interest and may under no circumstances be revoked. Sponsor hereby ratifies and confirms all that such irrevocable proxy and power of
attorney may lawfully do or cause to be done by virtue hereof. SUCH IRREVOCABLE PROXY AND POWER OF ATTORNEY ARE EXECUTED AND INTENDED
TO BE IRREVOCABLE IN ACCORDANCE WITH THE PROVISIONS OF THE POWERS OF ATTORNEY ACT OF THE CAYMAN ISLANDS (REVISED). The irrevocable proxy
and power of attorney granted hereunder shall only terminate upon the termination of this Agreement.


 






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4.2         No
Transfer. Other than (x) pursuant to this Agreement, (y) upon the consent of the Company and SPAC or (z) to an Affiliate
of Sponsor (provided that such Affiliate shall enter into a written agreement, in form and substance reasonably satisfactory to the Company
and SPAC, agreeing to be bound by this Agreement to the same extent as Sponsor was with respect to such transferred Subject Shares),
from the date of this Agreement until the date of termination of this Agreement, Sponsor shall not, directly or indirectly, (i) (a) sell,
offer to sell, contract or agree to sell, hypothecate, pledge, grant any option, right or warrant to purchase or otherwise transfer,
dispose of or agree to transfer or dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate
or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations
of the Securities and Exchange Commission promulgated thereunder, any Subject Share, (b) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any Subject Shares, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) publicly announce any intention to effect
any transaction specified in clause (a) or (b) (the actions specified in clauses (a)-(c), collectively, “Transfer”),
other than pursuant to the First Merger, (ii) grant any proxies or powers of attorney or enter into any voting arrangement, whether
by proxy, voting agreement, voting trust, voting deed or otherwise (including pursuant to any loan of Subject Shares), or enter into
any other agreement, with respect to any Subject Shares, in each case, other than as set forth in this Agreement, the Merger Agreement,
Transaction Agreements or the voting and other arrangements under the Organizational Documents of SPAC, (iii) take any action that
would reasonably be expected to make any representation or warranty of Sponsor herein untrue or incorrect, or would reasonably be expected
to have the effect of preventing or disabling Sponsor from performing its obligations hereunder, or (iv) commit or agree to take
any of the foregoing actions. Any action attempted to be taken in violation of the preceding sentence will be null and void. Sponsor
agrees with, and covenants to, the Company and SPAC that Sponsor shall not request that SPAC register the Transfer (by book-entry or
otherwise) of any certificated or uncertificated interest representing any of the Subject Shares.


 


4.3         Waiver
of Dissenters’ Rights. Sponsor hereby irrevocably waives, and agrees not to exercise or assert, any dissenters’ rights
under Section 238 of the Cayman Companies Law and any other similar statute in connection with the Mergers and the Merger Agreement.


 


4.4         No
Redemption. Sponsor irrevocably and unconditionally agrees that, from the date hereof and until the termination of this Agreement,
Sponsor shall not elect to cause SPAC to redeem any Subject Shares now or at any time legally or beneficially owned by Sponsor, or submit
or surrender any of its Subject Shares for redemption, in connection with the Transactions.


 






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4.5         New
Shares. In the event that prior to the Closing (i) any SPAC Shares or other securities are issued or otherwise distributed to
Sponsor pursuant to any stock dividend or distribution, or any change in any of the SPAC Shares or other share capital of SPAC by reason
of any stock split-up, recapitalization, combination, exchange of shares or the like, (ii) Sponsor acquires legal or beneficial
ownership of any SPAC Shares after the date of this Agreement, including upon exercise of options, settlement of restricted share units
or capitalization of working capital loans or (iii) Sponsor acquires the right to vote or share in the voting of any SPAC Share
after the date of this Agreement (collectively, the “New Securities”), the terms “Subject Shares” shall
be deemed to refer to and include such New Securities (including all such stock dividends and distributions and any securities into which
or for which any or all of the Subject Shares may be changed or exchanged into).


 


4.6         Sponsor
Letter Agreement. Each of Sponsor and SPAC hereby agree that from the date hereof until the termination of this Agreement, none of
them shall, or shall agree to, amend, modify or vary the Letter Agreement, except in connection with the Transactions.


 


4.7         Termination.
This Agreement shall terminate upon the earliest of (i) the Closing (provided, however, that upon such termination,
Section 4.3, this Section 4.7, Section 4.8, Section 5.1 and Section 5.2 shall survive indefinitely) and (ii) the
termination of the Merger Agreement in accordance with its terms, and upon such termination, no party shall have any liability hereunder
other than for its willful and material breach of this Agreement prior to such termination.


 


4.8         Additional
Matters. Sponsor shall, from time to time, (i) execute and deliver, or cause to be executed and delivered, such additional or
further consents, documents and other instruments as the Company or SPAC may reasonably request for the purpose of effectively carrying
out the transactions contemplated by this Agreement, the Merger Agreement and the other Transaction Agreements and (ii) refrain
from exercising any veto right, consent right or similar right (whether under the Organizational Documents of SPAC or the Cayman Companies
Law) which would prevent, impede or, in any material respect, delay or adversely affect the consummation of the Mergers or any other
Transaction.


 


4.9        Waiver
of Anti-Dilution Protection. Sponsor hereby waives, and agrees not to exercise, assert or claim, to the fullest extent permitted
by applicable Law, the ability to adjust the Initial Conversion Ratio (as defined in the SPAC Memorandum and Articles of Association)
pursuant to and in compliance with Article 18.3 of the SPAC Memorandum and Articles of Association in connection with the Transactions.


 


4.10       Confidentiality.
Sponsor shall be bound by and comply with Sections 8.03(a) (Exclusivity) and 8.05(b) (Confidentiality; Publicity)
of the Merger Agreement (and any relevant definitions contained in any such sections) as if (a) Sponsor was an original signatory
to the Merger Agreement with respect to such provisions, and (b) each reference to the “Company” contained in Section 8.03(a) of
the Merger Agreement (other than Section 8.03(a)(i) or for purposes of the definition of Alternative Transaction Proposal)
and “Affiliates” contained in Section 8.05(b) of the Merger Agreement also referred to Sponsor.


 






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4.11        Consent
to Disclosure. Sponsor consents to and authorizes the Company or SPAC, as applicable, to publish and disclose in all documents and
schedules filed with the SEC or any other Governmental Entity or applicable securities exchange, and any press release or other disclosure
document that the Company or SPAC, as applicable, reasonably determines to be necessary or advisable in connection with the Mergers or
any other transactions contemplated by the Merger Agreement or this Agreement, Sponsor’s identity and ownership of the Subject
Shares, the existence of this Agreement and the nature of Sponsor’s commitments and obligations under this Agreement, and Sponsor
acknowledges that the Company or SPAC may, in their sole discretion, file this Agreement or a form hereof with the SEC or any other Governmental
Entity or securities exchange. Sponsor agrees to promptly give the Company or SPAC, as applicable, any information that is in its possession
that the Company or SPAC, as applicable, may reasonably request for the preparation of any such disclosure documents, and Sponsor agrees
to promptly notify the Company and SPAC of any required corrections with respect to any written information supplied by it specifically
for use in any such disclosure document, if and to the extent that Sponsor shall become aware that any such information shall have become
false or misleading in any material respect.


 


4.12        Share
Adjustment in connection with SPAC Transaction Expenses. If the accrued and unpaid SPAC Transaction Expenses (as set forth on the
written statement to be delivered to the Company pursuant to Section 3.02(c) of the Merger Agreement) exceed the SPAC Expense
Cap, then, prior to the Share Split, Sponsor in its sole discretion shall (including a combination thereof) (i) purchase from SPAC
(and SPAC agrees to sell thereto) a number of SPAC Class A Shares (with each such SPAC Class A Share valued at $10.00 per share),
(ii) forfeit a number of SPAC Class B Shares (with each such SPAC Class B Share valued at $10.00 per share), and/or (iii) decrease
the number of Aggregate Fully Diluted Company Shares by a number of hypothetical Pre-Split Shares in accordance with clause (b) of
the definition of “Aggregate Fully Diluted Company Shares”, that would, in the aggregate, have a value equal to the amount
of the SPAC Transaction Expenses minus the SPAC Expense Cap (the “Overage”). For purposes of this Section 4.12,
 “SPAC Expense Cap” means (x) $22,000,000 plus (y) the incremental amount of additional fees and expenses
(including placement agent fees) incurred by SPAC in connection with the PIPE Financing in the event the PIPE Financing amount received
by the Company in connection with the Closing exceeds the anticipated PIPE Financing amount set forth in the Non-Binding Letter of Intent
dated as of April 6, 2021.


 


Article V

General Provisions.


 


5.1          Notice.
All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally or sent by overnight
courier (providing proof of delivery) to the Company and SPAC in accordance with Section 11.02 of the Merger Agreement and to Sponsor
at the address set forth below (or at such other address for a party as shall be specified by like notice):


 


Silver Crest Management LLC


Suite 3501, 35/F, Jardine House


1 Connaught Place, Central


Hong Kong, China


Attn: Leon Meng; Derek Cheung


E-mail: leon@ascendentcp.com; derek@ascendentcp.com


 






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with a copy (which shall not constitute
notice) to:


 


Morrison & Foerster LLP


Edinburgh Tower, 33/F


The Landmark, 15 Queen's Road Central


Hong Kong, China


Attn: Marcia Ellis


E-mail: mellis@mofo.com


 


and


 


Morrison & Foerster LLP


Suite 4401, HKRI Centre One


HKRI Taikoo Hui, 288 Shimen Road (No. 1)


Shanghai, China 200041


Attn: Ruomu Li


E-mail: rli@mofo.com


 


and


 


Morrison & Foerster LLP


250 West 55th Street


New York, NY 10019


United States


Attn: Mitchell S. Presser; Omar E.
Pringle


E-mail: mpresser@mofo.com; opringle@mofo.com


 


5.2          Governing
Law. This Agreement, and all Actions or causes of action based upon, arising out of, or related to this Agreement or the transactions
contemplated hereby, shall be governed by, and construed in accordance with, the internal substantive Laws of the State of New York applicable
to contracts entered into and to be performed solely within such state, without giving effect to principles or rules of conflict
of laws to the extent such principles or rules would require or permit the application of Laws of another jurisdiction.


 


5.3          Miscellaneous.
The provisions of Article XI (other than Section 11.06) of the Merger Agreement are incorporated herein by reference, mutatis
mutandis, as if set forth in full herein.


 


[Signature pages follow]


 









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IN WITNESS WHEREOF, each party has duly executed and delivered this
Agreement as a deed, all as of the date first written above.


 


	 	EXECUTED AND DELIVERED AS A DEED BY:
	 	 
	 	TH International Limited
	 	 
	 	Signature:	/s/ Paul Hong



 


	 	Name:	Paul Hong



 


	 	Title:	Director




 





[Signature Page to Sponsor Voting and Support Agreement]


 






    	 	 	 



     


    

 


IN WITNESS WHEREOF, each party has duly executed and delivered this
Agreement as a deed, all as of the date first written above.


 


	 	EXECUTED AND DELIVERED AS A DEED BY:
	 	 
	 	SILVER CREST ACQUISITION CORPORATION
	 	 
	 	Signature:	/s/ Liang (Leon) Meng



 


	 	Name:	Liang (Leon) Meng



 


	 	Title:	Chairman




 


[Signature Page to Sponsor Voting and Support
Agreement]


 






    	 	 	 



     


    

 


IN WITNESS WHEREOF, each party has duly executed and delivered this
Agreement as a deed, all as of the date first written above.


 


	 	EXECUTED AND DELIVERED AS A DEED BY:
	 	 
	 	Silver Crest Management LLC
	 	 
	 	Signature:	/s/ Liang (Leon) Meng



 


	 	Name:	Liang (Leon) Meng



 


	 	Title:	Manager




 


[Signature Page to Sponsor Voting and Support
Agreement]