THE
REGISTERED HOLDER OF THIS PLACEMENT AGENT’S WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR
ASSIGN THIS PLACEMENT AGENT’S WARRANT EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS PLACEMENT AGENT’S
WARRANT AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PLACEMENT AGENT’S WARRANT OR CAUSE IT
TO BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT, OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC
DISPOSITION OF THE PLACEMENT AGENT WARRANT BY ANY PERSON FOR A PERIOD BEGINNING FROM THE EFFECTIVENESS OF THE REGISTRATION STATEMENT
(DEFINED BELOW) UNTIL 180 DAYS AFTER THE EFFECTIVE DATE OF THE OFFERING TO ANYONE OTHER THAN (I) NETWORK 1 FINANCIAL SECURITIES,
INC. (“NETWORK 1”) OR AN PLACEMENT AGENT OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (II) A BONA FIDE
OFFICER OR PARTNER OF NETWORK 1 OR OF ANY SUCH PLACEMENT AGENT OR SELECTED DEALER AND IN ACCORDANCE WITH FINRA RULE 5110(G)(2).


 


PLACEMENT
AGENT’S WARRANT


 


Warrant
Certificate No: ___


 


Original
Issue Date: ___


 


For
the Purchase of


 


___
Shares


 


of


 


ADDENTAX
GROUP CORP.


 


1.
Placement Agent’s Warrant.


 


THIS
CERTIFIES THAT, for value received, [NAME OF HOLDER], a [JURISDICTION AND TYPE OF ENTITY], or its registered assigns (“Holder”),
as registered owner of this Placement Agent’s Warrant, to ADDENTAX GROUP CORP. (“Company”), Holder is entitled,
at any time or from time to time from ______, 2019 the effective date of the offering (the “Offering”), as set forth
in the Company’s registration statement on Form S-1 (No. 333-230943) (the “Registration Statement”), and at
or before 5:00 p.m., Eastern Time, [date], (the five-year anniversary of the effective date of the Offering) (the “Expiration
Date”) but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to ___ (___) Shares of the Company.
If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Placement Agent’s
Warrant may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. During the period
ending on the Expiration Date, the Company agrees not to take any action that would terminate the Placement Agent’s Warrant.
This Placement Agent’s Warrant is initially exercisable at $[price] per Share (125% of the price of the Shares at the effective
date of the Offering) so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof,
the rights granted by this Placement Agent’s Warrant, including the exercise price per share and the number of Shares to
be received upon such exercise, shall be adjusted as therein specified. The term “Exercise Price” shall mean the initial
exercise price or the adjusted exercise price, depending on the context.


 




    	 		 



    	 



    

 


2.
Exercise.


 


2.1
Exercise Form. In order to exercise this Placement Agent’s Warrant, the exercise form attached hereto must be duly
executed and completed and delivered to the Company, together with this Placement Agent’s Warrant and payment of the Exercise
Price for the Share being purchased payable in cash or by certified check or official bank check. If the subscription rights represented
hereby shall not be exercised at or before 5:00 p.m., Eastern Time, on the Expiration Date, this Placement Agent’s Warrant
shall become and be void without further force or effect, and all rights represented hereby shall cease and expire.


 


2.2
Legend. Each certificate for the securities purchased under this Placement Agent’s Warrant shall bear a legend as
follows unless such securities have been registered under the Securities Act of 1933, as amended (“Act”):


 


“The
securities represented by this certificate have not been registered under the Securities Act of 1933, as amended (“Act”)
or applicable state law. The securities may not be offered for sale, sold or otherwise transferred except pursuant to an effective
registration statement under the Act, or pursuant to an exemption from registration under the Act and applicable state law.”


 


2.3
Cashless Exercise.


 


2.3.1
Determination of Amount. In lieu of the payment of the Exercise Price multiplied by the number of Shares for which this
Placement Agent’s Warrant is exercisable in the manner required by Section 2.1, the Holder shall have the right (but not
the obligation) to convert any exercisable but unexercised portion of this Placement Agent’s Warrant into Shares (“Conversion
Right”). Upon a “cashless exercise”, the Holder shall surrender this Warrant to the Company, together with the
Election to Purchase, and the Company shall issue to the Holder the number of Shares determined as follows:


 


X
= Y (A-B)/A


 


where:


 


X
= The number of Shares to be issued to the Holder.


 


Y
= The number of Shares with respect to which this Warrant is being exercised.


 


A
= The fair market value of one Share.


 


B
= The Exercise Price.


 


For
purposes of this Section 2.3, the fair market value of one Share shall be determined by the first of the following clauses
that applies:


 


(i)
if the Common Stock is traded on a national securities exchange, the fair market value shall be the last sale price on the trading
day immediately prior to the Date of Exercise or, if no sale of the Company’s Common Stock took place on the trading day
immediately prior to the Date of Exercise, then the fair market value shall be the last sale price on the most recent day prior
to the Date of Exercise on which trades were made and reported;


 


(ii)
if the Common Stock is traded over-the-counter, the fair market value shall be deemed to be the last sale price on the trading
day immediately prior to the Date of Exercise or, if no sale of the Company’s Common Stock took place on the trading day
immediately prior to the Date of Exercise, then the fair market value shall be the last sale price on the most recent day prior
to the Date of Exercise on which trades were made and reported; or


 




    	 		 



    	 



    

 


(iii)
if there is no active public market for the Common Stock, the fair market value thereof shall be determined in good faith by the
Company’s Board of Directors (the “Board”).


 


(a)
For purposes of Rule 144 of the Act, it is intended, understood and acknowledged that the t Shares issued in a cashless exercise
transaction shall be deemed to have been acquired by the Holder, and the holding period for the Shares shall be deemed to have
been commenced, on the Issuance Date.


 


2.3.2
Mechanics of Cashless Exercise. The Cashless Exercise Right may be exercised by the Holder on any business day on or after
the Commencement Date and not later than the Expiration Date by delivering the Placement Agent’s Warrant with a duly executed
exercise form attached hereto with the cashless exercise section completed to the Company, exercising the Cashless Exercise Right
and specifying the total number of Shares the Holder will purchase pursuant to such Cashless Exercise Right.


 


2.4
No Obligation to Net Cash Settle. Notwithstanding anything to the contrary contained in this Placement Agent Warrant, in
no event will the Company be required to net cash settle the exercise of the Placement Agent Warrant. The holder of the Placement
Agent Warrant will not be entitled to exercise the Placement Agent Warrant unless it exercises such Purchase Warrant pursuant
to the cashless exercise right or a registration statement is effective, or an exemption from the registration requirements is
available at such time and, if the Holder is not able to exercise the Placement Agent Warrant, the Placement Agent Warrant will
expire worthless.


 


3.
Transfer.


 


3.1
General Restrictions. The registered Holder of this Placement Agent’s Warrant agrees that it will not sell, transfer,
assign, pledge or hypothecate this Placement Agent’s Warrant, or any portion thereof, or be the subject of any hedging,
short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities for
a period beginning from the effectiveness of the Registration Statement until 180 days after the effective date of the Offering
to anyone other than (i) NETWORK 1 or an Placement Agent or a selected dealer participating in the Offering, or (ii) a bona fide
officer or partner of NETWORK 1 or of any such Placement Agent or selected dealer. After a period of 180 days following the effective
date of the Offering, transfers to others may be made subject to compliance with or exemptions from applicable securities laws.
In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed
and completed, together with the Placement Agent’s Warrant and payment of all transfer taxes, if any, payable in connection
therewith. The Company shall within five business days transfer this Placement Agent’s Warrant on the books of the Company
and shall execute and deliver a new Placement Agent’s Warrant or Placement Agent’s Warrants of like tenor to the appropriate
assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such portion of
such number as shall be contemplated by any such assignment.


 


3.2
Restrictions Imposed by the Act. The securities evidenced by this Placement Agent’s Warrant shall not be transferred
unless and until (i) the Company has received the opinion of counsel for the Holder that the securities may be transferred pursuant
to an exemption from registration under the Act and applicable state securities laws, the availability of which is established
to the reasonable satisfaction of the Company (the Company hereby agreeing that the opinion of Mei & Mark LLP shall be deemed
satisfactory evidence of the availability of an exemption), or (ii) a registration statement or a post-effective amendment to
the Registration Statement relating to the offer and sale of such securities has been filed by the Company and declared effective
by the Securities and Exchange Commission and compliance with applicable state securities law has been established.


 


4.
New Placement Agent’s Warrants to be Issued.


 


4.1
Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Placement Agent’s Warrant may
be exercised or assigned in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of
this Placement Agent’s Warrant for cancellation, together with the duly executed exercise or assignment form and funds sufficient
to pay any Exercise Price and/or transfer tax if exercised pursuant to Section 2.1 hereto, the Company shall cause to be delivered
to the Holder without charge a new Placement Agent’s Warrant of like tenor to this Placement Agent’s Warrant in the
name of the Holder evidencing the right of the Holder to purchase the number of Shares purchasable hereunder as to which this
Placement Agent’s Warrant has not been exercised or assigned.


 






    	 		 



    	 



    




 


4.2
Lost Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation
of this Placement Agent’s Warrant and of reasonably satisfactory indemnification or the posting of a bond, the Company shall
execute and deliver a new Placement Agent’s Warrant of like tenor and date. Any such new Placement Agent’s Warrant
executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation
on the part of the Company.


 


5.
Registration Rights. The Company has filed the Registration Statement, including a related prospectus, with the Securities
and Exchange Commission, which has been declared effective on Form S-1 (File No. 333-230943). The Registration Statement registers
the Shares.


 


5.1
General Terms.


 


5.1.1
Indemnification. The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration
statement hereunder and each person, if any, who controls such Holders within the meaning of Section 15 of the Act or Section
20(a) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), against all loss, claim, damage, expense
or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing
or defending against litigation, commenced or threatened, or any claim whatsoever) to which any of them may become subject under
the Act, the Exchange Act or otherwise, arising from such registration statement but only to the same extent and with the same
effect as the provisions pursuant to which the Company has agreed to indemnify the Placement Agents contained in Section 5 of
the Placement Agency Agreement in the Offering. The Holder(s) of the Registrable Securities to be sold pursuant to such registration
statement, and their successors and assigns, shall severally, and not jointly, indemnify the Company, its officers and directors
and each person, if any, who controls the Company within the meaning of Section 15 of the Act or Section 20(a) of the Exchange
Act, against all loss, claim, damage, expense or liability (including all reasonable attorneys’ fees and other expenses
reasonably incurred in investigating, preparing or defending against any claim whatsoever) to which they may become subject under
the Act, the Exchange Act or otherwise, arising from information furnished by or on behalf of such Holders, or their successors
or assigns, in writing, for specific inclusion in such registration statement to the same extent and with the same effect as the
provisions contained in Section 5 of the Placement Agency Agreement pursuant to which the Placement Agents have agreed to indemnify
the Company.


 


5.1.2
Exercise of Placement Agent’s Warrants. Nothing contained in this Placement Agent’s Warrant shall be construed
as requiring the Holder(s) to exercise their Placement Agent’s Warrants prior to or after the initial filing of any registration
statement or the effectiveness thereof.


 


5.1.5
Rule 144 Sale. Notwithstanding anything contained in this Section 5 to the contrary, the Company shall have no obligation
to maintain the effectiveness of the Registration Statement covering the Shares held by any Holder, where such Holder would then
be entitled to sell under Rule 144 within any three-month period (or such other period prescribed under Rule 144 as may be provided
by amendment thereof) all of the Registrable Securities then held by such Holder.


 


5.1.6
Supplemental Prospectus. Each Holder agrees, that upon receipt of any notice from the Company of the happening of any event
as a result of which the prospectus included in the Registration Statement, as then in effect, includes an untrue statement of
a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances then existing, or that would otherwise require disclosure of material nonpublic information
that, if disclosed at such time, would be materially harmful to the Company, such Holder will immediately discontinue disposition
of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such Holder’s
receipt of the copies of a supplemental or amended prospectus, or the public disclosure and dissemination of such information,
as the case may be, and, if so desired by the Company, such Holder shall deliver to the Company (at the expense of the Company)
or destroy (and deliver to the Company a certificate of such destruction) all copies, other than permanent file copies then in
such Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such
notice.


 


6.
Adjustments.


 


6.1
Adjustments to Exercise Price and Number of Securities. The Exercise Price and the number of Shares underlying the Placement
Agent’s Warrant shall be subject to adjustment from time to time as hereinafter set forth:


 






    	 		 



    	 



    

 


6.1.1
Stock Dividends; Split Ups. If after the date hereof, and subject to the provisions of Section 6.3 below, the number of
outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split up of shares
of Common Stock or other similar event, then, on the effective day thereof, the number of Shares purchasable hereunder shall be
increased in proportion to such increase in outstanding shares of Common Stock. For example, if the Company declares a two-for-one
stock dividend and at the time of such dividend this Placement Agent’s Warrant is for the purchase of one Share at $6.25
per Share, upon effectiveness of the dividend, this Placement Agent’s Warrant will be adjusted to allow for the purchase
of one Share for $3.125. In such example, the number of Shares purchasable hereunder would be doubled.


 


6.1.2
Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 6.3, the number of outstanding
shares of Common Stock is decreased by a consolidation, combination or reclassification of Shares or other similar event, then,
on the effective date thereof, the number of Shares underlying this Placement Agent’s Warrant each of purchasable hereunder
shall be decreased in proportion to such decrease in outstanding shares.


 


6.1.3
Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding
shares of Common Stock other than a change covered by Section 6.1.1 or 6.1.2 hereof or that solely affects the par value of the
shares of Common Stock, or in the case of any merger or consolidation of the Company with or into another corporation (other than
a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification
or reorganization of the outstanding shares of Common Stock, or in the case of any sale or conveyance to another corporation or
entity of the property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved,
the Holder of this Placement Agent’s Warrant shall have the right thereafter (until the expiration of the right of exercise
of this Placement Agent’s Warrant) to receive upon the exercise hereof, for the same aggregate Exercise Price payable hereunder
immediately prior to such event, the kind and amount of shares of stock or other securities or property (including cash) receivable
upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer,
by a Holder of the number of shares of Common Stock of the Company obtainable upon exercise of this Placement Agent’s Warrant
immediately prior to such event; and if any reclassification also results in a change in the number of shares of Common Stock
covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections 6.1.1, 6.1.2 and this Section 6.1.3.
The provisions of this Section 6.1.3 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations,
sales or other transfers.


 


6.1.4
Changes in Form of Placement Agent’s Warrant. This form of Placement Agent’s Warrant need not be changed because
of any change pursuant to this Section, and Placement Agent’s Warrants issued after such change may state the same Exercise
Price and the same number of Shares are stated in the Placement Agent’s Warrants initially issued pursuant to this Agreement.
The acceptance by any Holder of the issuance of new Placement Agent’s Warrant reflecting a required or permissive change
shall not be deemed to waive any rights to an adjustment occurring after the Commencement Date or the computation thereof.


 


6.2
Substitute Placement Agent’s Warrant. In case of any consolidation of the Company with, or merger of the Company
with or into, another corporation (other than a consolidation or merger which does not result in any reclassification or change
of the outstanding Shares), the corporation formed by such consolidation or merger shall execute and deliver to the Holder a supplemental
Placement Agent’s Warrant providing that the holder of each Placement Agent’s Warrant then outstanding or to be outstanding
shall have the right thereafter (until the stated expiration of such Placement Agent’s Warrant) to receive, upon exercise
of such Placement Agent’s Warrant, the kind and amount of Shares and other securities and property receivable upon such
consolidation or merger, by a holder of the number of Shares of the Company for which such Placement Agent’s Warrant might
have been exercised immediately prior to such consolidation, merger, sale or transfer. Such supplemental Placement Agent’s
Warrant shall provide for adjustments which shall be identical to the adjustments provided in Section 6. The above provision of
this Section shall similarly apply to successive consolidations or mergers.


 


6.3
Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of
Shares upon the exercise of the Placement Agent’s Warrant, nor shall it be required to issue scrip or pay cash in lieu of
any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any
fraction up to the nearest whole number of Warrants, Shares or other securities, properties or rights.


 




    	 		 



    	 



    

 


7.
Reservation and Listing. The Company shall at all times reserve and keep available out of its authorized Shares, solely
for the purpose of issuance upon exercise of the Placement Agent’s Warrants, such number of shares of Shares, or other securities,
properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the
Placement Agent’s Warrants and payment of the Exercise Price therefor, in accordance with the terms hereby, all Shares and
other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to
preemptive rights of any stockholder. As long as the Placement Agent’s Warrants shall be outstanding, the Company shall
use its commercially reasonable efforts to cause all Shares issuable upon exercise of the Placement Agent’s Warrants, to
be listed (subject to official notice of issuance) on all securities exchanges on which the Shares, issued to the public in the
Offering may then be listed and/or quoted.


 


8.
Certain Notice Requirements.


 


8.1
Holder’s Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote
or consent or to receive notice as a stockholder for the election of directors or any other matter, or as having any rights whatsoever
as a stockholder of the Company. If, however, at any time prior to the expiration of the Placement Agent’s Warrants and
their exercise, any of the events described in Section 8.2 shall occur, then, in one or more of said events, the Company shall
give written notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer
books for the determination of the stockholders entitled to such dividend, distribution, conversion or exchange of securities
or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify
such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing, the Company
shall deliver to each Holder a copy of each notice given to the other stockholders of the Company at the same time and in the
same manner that such notice is given to the stockholders.


 


8.2
Events Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon one or more
of the following events: (i) if the Company shall take a record of the holders of its Shares for the purpose of entitling them
to receive a dividend or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise than
out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company,
(ii) the Company shall offer to all the holders of its Shares any additional Shares of the Company or securities convertible into
or exchangeable for Shares of the Company, or any option, right or warrant to subscribe therefor, or (iii) a dissolution, liquidation
or winding up of the Company (other than in connection with a consolidation or merger) or a sale of all or substantially all of
its property, assets and business shall be proposed.


 


8.3
Notice of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price
pursuant to Section 6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice
shall describe the event causing the change and the method of calculating same and shall be certified as being true and accurate
by the Company’s Chief Financial Officer.


 


8.4
Transmittal of Notices. All notices, requests, demands and other communications which are required or may be given under
this Placement Agent’s Warrant shall be in writing and shall be deemed to have been duly given: (a) when received, if personally
delivered; (b) when transmitted, if transmitted by telecopy, electronic or digital transmission method with confirmation of transmission
by the transmitting equipment; (c) the day after it is sent, if sent for next day delivery to a domestic address by a recognized
overnight delivery service (e.g., Federal Express); and (d) upon receipt, if sent by certified or registered mail, return
receipt requested. In each case, notice shall be sent to the parties at the following address (or to such other address as a party
may have specified by notice given to the other party pursuant to this provision):


 


Addentax
Group Corp.


Kingkey
100, Block A, Room 5403


Luohu
District, Shenzhen City


China
518000


Attention:
Chief Executive Officer


Facsimile:


E-mail:


 




    	 		 



    	 



    

 


with
a copy to:


 


Loeb
& Loeb LLP


345
Park Avenue, 19th Floor


New
York, NY 10154


Attention:
Mitchell S. Nussbaum, Esq.


Facsimile:
212-407-4990


Email:
mnussbaum@loeb.com


 


9.
Miscellaneous. 


 


9.1
Amendments. The Company and NETWORK 1 may from time to time supplement or amend this Placement Agent’s Warrant without
the approval of any of the Holders in order to cure any ambiguity, to correct or supplement any provision contained herein that
may be defective or inconsistent with any other provisions herein, or to make any other provisions in regard to matters or questions
arising hereunder that the Company and NETWORK 1 may deem necessary or desirable and that the Company and NETWORK 1 deem shall
not adversely affect the interest of the Holders. All other modifications or amendments shall require the written consent of and
be signed by the party against whom enforcement of the modification or amendment is sought.


 


9.2
Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way
limit or affect the meaning or interpretation of any of the terms or provisions of this Placement Agent’s Warrant.


 


10.
Entire Agreement. This Placement Agent’s Warrant (together with the other agreements and documents being delivered
pursuant to or in connection with this Placement Agent’s Warrant) constitutes the entire agreement of the parties hereto
with respect to the subject matter hereof, and supersedes all prior agreements and understandings of the parties, oral and written,
with respect to the subject matter hereof.


 


10.1
Binding Effect. This Placement Agent’s Warrant shall inure solely to the benefit of and shall be binding upon, the
Holder and the Company and their permitted assignees, respective successors, legal representative and assigns, and no other person
shall have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Placement
Agent’s Warrant or any provisions herein contained.


 


10.2
Governing Law; Submission to Jurisdiction. This Placement Agent’s Warrant shall be governed by and construed and
enforced in accordance with the laws of the State of New York, without giving effect to conflict of laws. The Company hereby agrees
that any action, proceeding or claim against it arising out of, or relating in any way to this Placement Agent’s Warrant
shall be brought and enforced in the courts of the State of New York or of the United States of America for the Southern District
of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any
objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or summons to be served
upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage
prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing shall be deemed personal service and shall
be legal and binding upon the Company in any action, proceeding or claim. The Company and the Holder agree that the prevailing
party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees
and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor.


 


10.3
Waiver, Etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Placement Agent’s
Warrant shall not be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Placement
Agent’s Warrant or any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision
of this Placement Agent’s Warrant. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of
this Placement Agent’s Warrant shall be effective unless set forth in a written instrument executed by the party or parties
against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment
shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.


 


10.4
Execution in Counterparts. This Placement Agent’s Warrant may be executed in one or more counterparts, and by the
different parties hereto in separate counterparts, each of which shall be deemed to be an original, but all of which taken together
shall constitute one and the same agreement, and shall become effective when one or more counterparts has been signed by each
of the parties hereto and delivered to each of the other parties hereto.


 


[Remainder
of page deliberately left blank]


 




    	 		 



    	 



    

 


IN
WITNESS WHEREOF, the Company has caused this Placement Agent’s Warrant to be signed by its duly authorized officer as of
the ___ day of ____, 2019.


 


	 	ADDENTAX GROUP CORP.
	 	 	 
	 	By:	
	 	Name:	 
	 	Title:	           


 


[signature
page of Addentax form of warrant]