Exhibit 4.48


 


SECONDMENT AGREEMENT (2)


 


This Secondment Agreement (2) (this “Agreement”)
is made and entered effective as of the 1st day of April, 2020 (the “Effective Date”) by and between Aenco Limited,
a company incorporated under the laws of Samoa whose registered office is at Ground Floor NPF Building, Beach Road, Apia, Samoa
(hereinafter referred to as the “Aenco”), and Aptus Management Limited a company incorporated under the laws of the
Hong Kong with limited liability whose registered office is at 17/F Guangdong Investment Tower, 148 Connaught Road Central, Hong
Kong (hereinafter referred to as the “Aptus”).


 


WHEREAS:


 


Aenco has agreed to make available to Aptus
the services of the Secondees (as defined below). The Services (as defined below) will be provided by Aenco on the terms and conditions
set forth in this Agreement, and shall supersede the Secondment Agreement executed on 1st January 2019 by the same two
parties.


 


NOW, THEREFORE, in consideration of
the promises and of the mutual covenants hereinafter set forth, the parties do hereby agree as follows:


 


1. DEFINITIONS 


 


In this Agreement the following words and
expressions have the meanings respectively set opposite them:


“Agreement” shall
mean this Agreement entitled “Secondment Agreement (2)”, may be amended in writing from time to time by the parties
hereto.


“Secondee(s)” shall
mean any Secondees to be seconded to Aptus pursuant to the provisions of this Agreement.


“Hong Kong Dollars”
shall mean dollars of the Hong Kong.





2. SCOPE OF AGREEMENT 


 


(a) Subject to the terms and upon the conditions
of this Agreement, Aenco hereby undertakes to assign to Aptus, certain of its Secondees for secondment to Aptus from time to time
during the term hereof, to assist Aptus in the conduct of Information Technology application development and maintenance activities
for Aptus’ affiliates.


 


(b) Aenco shall be an independent contractor
engaged by Aptus to make the Secondees available for the purposes of this Agreement.


 


3. DUTIES OF SECONDEES 


 


During the period of the respective secondment,
each Secondee shall be integrated into the organization of Aptus only to the extent necessary to carry out his or her assigned
functions, and each Secondee shall perform the particular duties and assume the responsibilities attendant upon his or her assigned
position as may be properly required by the management of Aenco.


 



     


     


    




 


4. SCOPE OF SECONDEMENT SERVICES 


 


Secondees are enlisted to design, develop,
and maintain in collaboration with the employees and expert advisers affiliated to Aptus, a range of technical and specialized
software applications, including but not limited, blockchain applications, de-centralized applications, hybrid infrastructure solutions
encompassing cloud computing and database management, to be applied across different use cases and are expected to streamline various
business segments throughout the affiliate group of Aptus (the “Deliverables”).


 


The Deliverables include, but not limited to,
the creation of original intellectual property, development of distributed ledger technology platforms, software applications,
decentralized computing power networks, and other technological enhancements where relevant, to enhance medical research collaboration,
therapeutic drug discovery, medical services delivery, data management, data sharing, data security, and any related initiatives
as related to the business operations of Aptus and its affiliated group.


 


Upon design and development of the Deliverables,
Secondees are entrusted to deploy, maintain, and provide ongoing servicing of the systems, software, infrastructure, and technology
tools to Aptus and its affiliated group companies. Secondees may further be required to provide user training and guidance where
relevant as post delivery services in so far for the duration and validity of this Agreement, and any subsequent renewal terms
of the Agreement, to be mutually agreed in writing by the parties at a subsequent date.


 


5. CHARGES AND FEES / PAYMENT 


 


During the period of secondment services, Aptus
shall pay all salary and benefits amounted to HK$700,000 per month not later than the 25th day of each month.


 


Aenco shall be responsible for and shall pay
the cost of Secondees’ relocation to and from the location where the Secondees will reside or work in Hong Kong in connection
with the assigned duties and responsibilities of Secondees.


 


6. INDEMNITY 


 


Each party agrees to fully indemnify and keep
fully indemnified the other party on demand against all actions, claims, costs, liabilities and losses that are made, suffered
or incurred as a consequence of or which relate to or arise directly or indirectly from the other party’s failure to perform
its obligations hereunder.


 


7. ASSIGNMENT 


 


Aenco shall not assign or transfer the whole
or any part of this Agreement without the prior written approval of Aptus.


 


8. DURATION /TERMINATION


 


This Agreement shall commence on the Commencement
Date and, subject to the remaining terms of this Agreement shall terminate upon December 31, 2020.


 


Services may be terminated by either party
by giving the other party a written notice three months in advance.


 






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9. APPLICABLE LAW 


 


The secondment arrangement provided for
under this Agreement is conditional on the Secondees possessing at all times authorization under the applicable laws of the
Hong Kong Special Administrative Region to perform work for compensation in Hong Kong.


 


10. CONFIDENTIALITY


 


Aenco agrees that while providing his services
to Aptus, the Secondees is likely to obtain and have access to both Aptus’ and Aenco’s confidential information and:


 


(a) such information is confidential to the
parties;


(b) all documents, plans, computer programs,
specifications, files and any other written or machine-readable work produced by the Secondees for Aptus or for Aenco will belong
to that party; and


(c) Aenco and Aptus shall comply with all applicable
data protection laws.


 


11. COUNTERPARTS


 


This Agreement may be executed in separate counterparts, which may
be delivered by electronic mail in PDF or another electronic format, and each of which will be deemed an original and all of which
together will constitute one and the same agreement.


 


To signify their assent to the terms of this
Agreement, the parties have executed this Agreement on the dates set forth under their signatures, which appear below.


 


	For and on behalf of 	 
	Aptus Management Limited 
	 
	By:	 	 
	 	Authorised Signatory(ies)	
	 	 	 
	Dated:	 	 
	 	 	 
	For and on behalf of	 
	Aenco Limited 	 
	 	 
	By:	 	 
	 	Authorised
                                    Signatory(ies)

                                     
	
	Dated:	 	 


 


  


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