# EDGAR Filing Document

**Accession Number:** 0001985337
**File Stem:** 0001213900-25-074140
**Filing Date:** 2025-8
**Character Count:** 689654
**Document Hash:** 77f9a27e20ee7d9b41a98d1cb8e2a806
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-074140.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001213900-25-074140

**CONFORMED SUBMISSION TYPE**: 6-K/A

**PUBLIC DOCUMENT COUNT**: 22

**CONFORMED PERIOD OF REPORT**: 20250728

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** YY Group Holding Ltd.
- **CENTRAL INDEX KEY:** 0001985337
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-HELP SUPPLY SERVICES [7363]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42026
- **FILM NUMBER:** 251201183

**BUSINESS ADDRESS:**
- **STREET 1:** 60 PAYA LEBAR ROAD #05-43 PAYA LEBAR SQ
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 409051
- **BUSINESS PHONE:** 66046896

**MAIL ADDRESS:**
- **STREET 1:** 60 PAYA LEBAR ROAD #05-43 PAYA LEBAR SQ
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 409051

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

Amendment No.1 to

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16**

**OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

For the month of July 2025

Commission File Number 001-42026

**YY Group Holding Limited**

**60 Paya Lebar Road**

**#09-13/14/15/16/17**

**Paya Lebar Square**

**Singapore 409051** 

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

**EXPLANATORY NOTE**

YY Group Holding Limited, a company incorporated under the laws of the British Virgin Islands (the "Company"), is filing this Amendment No.1 to the Company's Report on Form 6-K, filed with the U.S. Securities and Exchange Commission on July 7, 2025, for the purpose of amending and restating in its entirety.

**INFORMATION CONTAINED IN THIS FORM 6-K REPORT**

**<u>Completion of Business Acquisitions.</u>**

For the period from January to July 2025, the Company completed a series of transactions to acquire interests in the following entities, pursuant to their respective purchase agreements:

**Acquisition of Mediaplus Digital Pte. Ltd.** As previously disclosed, on October 21, 2024,the Company entered into a Share Purchase Agreement (the "Mediaplus Agreement") with Mediaplus Digital Pte. Ltd., a company incorporated under the laws of Singapore ("Mediaplus"), and its shareholders, pursuant to which the Company agreed to acquire 54% of the total share capital of Mediaplus, for consideration consisting of:

● a cash payment in the amount of Singapore Dollars ("S$") 1,325,000; and

● 9,260 Class A ordinary shares of the Company.

The foregoing is only a brief description of the material terms of the Mediaplus Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the Mediaplus Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.

On January 2, 2025, the Company completed the acquisition of 54% of the total share capital of Mediaplusand issued 9,260 Class A ordinary shares of the Company to the shareholders of Mediaplus.

**Acquisition of Property Facility Services Pte. Ltd.** As previously disclosed, on January 21, 2025, the Company, entered into a Share Purchase Agreement (the "PFS Agreement") with Property Facility Services Pte. Ltd., a company incorporated under the laws of Singapore ("PFS"), and its shareholders, pursuant to which the Company agreed to acquire approximately 99.99997% of the total share capital of PFS, for consideration consisting of:

● a cash payment in the amount of S$816,000;

● a deferred cash payment in the amount of S$784,000, payable twelve months from completion, subject to downward adjustment of up to S$500,000 based on the net asset value of PFS as of December 31, 2024; and.

● 143,516 Class A ordinary shares of the Company.

The foregoing is only a brief description of the material terms of the PFS Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the PFS Agreement, a copy of which is filed herewith as Exhibit 1.2 and is incorporated herein by reference

On February 2, 2025, the Company completed the acquisition of 99.99997% of the total share capital of PFS and issued 143,516 Class A ordinary shares of the Company to the shareholders of PFS.

**Acquisition of YY Circle (Hong Kong) Company Limited.** As previously disclosed, on April 10, 2025, the Company entered into a Share Purchase Agreement (the "YY Circle HK Agreement") with YY Circle (HK) Pte. Limited, a company incorporated under the laws of Hong Kong ("YY Circle HK"), and its shareholder, pursuant to which the Company agreed to acquire 90% of the total share capital of YY Circle HK, for consideration of 1,900,000 Class A ordinary shares of the Company.

The foregoing is only a brief description of the material terms of the YY Circle HK Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the YY Circle HK Agreement, a copy of which is filed herewith as Exhibit 1.3 and is incorporated herein by reference.

On April 14, 2025, the Company completed the acquisition of 90% of the total share capital of YY Circle HK and issued 1,900,000 Class A ordinary shares of the Company to the shareholders of YY Circle HK.

**Acquisition of YY Circle (Thailand) Company Limited.** As previously disclosed, on May 9, 2025, the Company's wholly-owned subsidiary, YY Holding (Thailand) Company Limited, a company incorporated under the law of the Kingdom of Thailand (the "Purchaser"), entered into a Share Purchase Agreement (the "YY Circle Thailand Agreement") with YY Circle (Thailand) Company Limited, a company incorporated under the laws of the Kingdom of Thailand ("YY Circle Thailand"), and its shareholder, who was also a shareholder of YY Circle HK, pursuant to which the Purchaser agreed to acquire an aggregate of 9,800 issued ordinary shares of YY Circle Thailand, representing 49% of the total share capital of YY Circle Thailand, for consideration of 2,000,000 Class A ordinary shares of the Company.

The foregoing is only a brief description of the material terms of the YY Circle Thailand Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the YY Circle Thailand Agreement, a copy of which is filed herewith as Exhibit 1.4 and is incorporated herein by reference.

On June 2, 2025, the Company completed the acquisition of 49% of the total share capital of YY Circle Thailand and issued 2,000,000 Class A ordinary shares of the Company to the shareholder of YY Circle Thailand.

**Acquisition of Transocean Oil Pte. Ltd.** As previously disclosed, on May 5, 2025, the Company entered into a Share Purchase Agreement (the "Transocean Agreement") with Transocean Oil Pte. Ltd., a company incorporated under the laws of Singapore ("Transocean"), and its shareholder, pursuant to which the Company agreed to acquire53% of the total share capital of Transocean, for consideration of 4,500,000 Class A ordinary shares of the Company.

The foregoing is only a brief description of the material terms of the Transocean Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the Transocean Agreement, a copy of which is filed herewith as Exhibit 1.5 and is incorporated herein by reference

On June 10, 2025, the Company completed the acquisition of 53% of the total share capital of Transocean and issued 4,500,000 Class A ordinary shares of the Company to the shareholders of Transocean.

**Acquisition of Uniforce Security Pte. Ltd.** As previously disclosed, on June 2, 2025, the Company entered into a Share Purchase Agreement (the "UFS Agreement") with Uniforce Security Pte. Ltd., a company incorporated under the laws of Singapore ("UFS"), and its shareholders, pursuant to which the Company agreed to acquire 100% of the total share capital of UFS, for consideration of S$1,000,000.

The foregoing is only a brief description of the material terms of the UFS Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the UFS Agreement, a copy of which is filed herewith as Exhibit 1.6 and is incorporated herein by reference.

On June 5, 2025, the Company completed the acquisition of 100% of the total share capital of UFS.

**Acquisition of Pesticide Pest Control Pte Ltd.** As previously disclosed, on July 1, 2025, the Company entered into a Share Purchase Agreement (the "Pesticide Agreement") with Pesticide Pest Control Pte Ltd, a company incorporated under the laws of Singapore ("Pesticide"), and its sole shareholder, pursuant to which the Company agreed to acquire 100% of the total share capital of Pesticide, for consideration of S$150,000.

The foregoing is only a brief description of the material terms of the Pesticide Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the Pesticide Agreement, a copy of which is filed herewith as Exhibit 1.7 and is incorporated herein by reference.

On June 10, 2025, the Company completed the acquisition of 100% of the total share capital of Pesticide.

Upon completion of the forementioned acquisitions, the Company has determined that, in the aggregate, the acquisitions do not exceed the 50% significance threshold under the applicable tests, and thus do not constitute a significant business acquisition for which pro forma financial information would be required pursuant to Rule 3-05 and Article 11 of Regulation S-X. Accordingly, pro forma financial statements are not required.

**<u>Completion of Asset Acquisitions</u>**

**Acquisition of Assets of 24iFM.** As previously disclosed, on April 21, 2025, the Company entered into an Asset Purchase Agreement (the "24iFM Agreement") with certain seller, pursuant to which the Company agreed to acquire the managing facilities application named as 24iFM, its related software licenses, and intellectual property rights from such seller, for consideration of 4,000,000 Class A ordinary shares of the Company.

The acquisition of the assets of 24iFM does not constitute the acquisition of a "business" as defined under Regulation S-X. The assets acquired do not include a workforce, customer contracts, or other elements necessary to operate the acquired assets independently. The acquisition of the assets of 24iFM is intended to complement and enhance the Company's existing integrated facility management services by improving internal operational efficiency. The application 24iFM will be deployed internally and will not immediately generate independent revenue or require standalone operational resources. Accordingly, the requirements for pro forma financial information under Rule 3-05 and Article 11 of Regulation S-X do not apply to the acquisition of the assets of 24iFM.

The foregoing is only a brief description of the material terms of the 24iFM Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. Such description is qualified in its entirety by reference to the full text of the 24iFM Agreement, a copy of which is filed herewith as Exhibit 1.8 and is incorporated herein by reference.

On June 17, 2025, the Company completed the acquisition of the assets of 24iFM and issued 4,000,000 Class A ordinary shares of the Company to the seller.

---

| | |
|:---|:---|
| **Exhibits** |  |
| 1.1 | [Share Purchase Agreement, dated as of October 24, 2024, by and among YY Group Holding Limited, Mediaplus Digital Pte. Ltd., and its shareholders, Teo Kai Jie and Tan Lee Yoen](ea025133701ex1-1_yygroup.htm) |
| 1.2 | [Share Purchase Agreement, dated as of January 21, 2025, by and among YY Group Holding Limited, Property Facility Services Pte. Ltd., and its shareholders, Tan Gim Har, Cheng Jer Chian, Darren, and Cheng Yi Tong, Amanda](ea025133701ex1-2_yygroup.htm) |
| 1.3 | [Share Purchase Agreement, dated as of April 10, 2025, by and among YY Group Holding Limited, YY Circle (Hong Kong) Company Limited, and its shareholder, Teo Shao Wei (Zhang Xiaowei)](ea025133701ex1-3_yygroup.htm) |
| 1.4 | [Share Purchase Agreement, dated as of May 9, 2025, by and among YY Holding (Thailand) Company Limited, YY Circle (Thailand) Company Limited, and its shareholder, Teo Shao Wei (Zhang Xiaowei)](ea025133701ex1-4_yygroup.htm) |
| 1.5 | [Share Purchase Agreement, dated as of May 5, 2025, by and among YY Group Holding Limited, Transocean Oil Pte. Ltd., and its shareholder, Yeo Khee Seng Benny](ea025133701ex1-5_yygroup.htm) |
| 1.6 | [Share Purchase Agreement, dated as of June 2, 2025, by and among YY Group Holding Limited, Uniforce Security Pte. Ltd., and its shareholders, Tan Teck Kee (Chen Deqi), Sean Hock Thiam, and Harry Walter Martin IV](ea025133701ex1-6_yygroup.htm) |
| 1.7 | [Share Purchase Agreement, dated as of July 1, 2025, by and among YY Group Holding Limited, Pesticide Pest Control Pte Ltd, and its shareholder, Mohamed Farouk Bin Abdul Latiff](ea025133701ex1-7_yygroup.htm)<br>|
| 1.8 | [Asset Purchase Agreement, dated as of April 21, 2025, by and between YY Group Holding Limited and Shiqing Wang](ea025133701ex1-8_yygroup.htm) |

---

**<u>SIGNATURES</u>**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **YY Group Holding Limited** | **YY Group Holding Limited** |
| Date: August 11, 2025 | By: | */s/ Fu Xiaowei* |
|  | Name: | Fu Xiaowei |
|  | Title: | Chief Executive Officer, Chairman and Director |

---

## Exhibit 1.1

**Exhibit 1.1**

**DATED 21 October 2024** 

Between

**THE INDIVIDUALS WHOSE NAMES AND PARTICULARS ARE SET OUT IN SCHEDULE 1**

as Vendors

and

**MEDIAPLUS LIMITED**

as Purchaser

and

**YY GROUP HOLDING LIMITED**

(Holding Company for Mediaplus Limited)

**SALE AND PURCHASE AGREEMENT**

relating to 54% of the issued ordinary shares in the capital of

**MEDIAPLUS VENTURE GROUP PTE. LTD.**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **CLAUSE** | **HEADING** | **PAGE** |
| **1.** | **DEFINITIONS AND INTERPRETATION** | **1** |
| **2.** | **SALE OF THE SALE SHARES** | **5** |
| **3.** | **CONDITIONS PRECEDENT** | **5** |
| **4.** | **CONSIDERATION FOR THE SALE SHARES** | **6** |
| **5.** | **COMPLETION** | **7** |
| **6.** | **WARRANTIES AND UNDERTAKINGS** | **8** |
| **7.** | **INDEMNITY** | **10** |
| **8.** | **LIMITATION OF LIABILITY** | **10** |
| **9.** | **CONFIDENTIALITY** | **11** |
| **10.** | **ANNOUNCEMENTS** | **11** |
| **11.** | **COSTS** | **11** |
| **12.** | **GENERAL** | **11** |
| **13.** | **ILLEGALITY** | **12** |
| **14.** | **NOTICES** | **12** |
| **15.** | **FURTHER ASSURANCE** | **13** |
| **16.** | **ENTIRE AGREEMENT** | **13** |
| **17.** | **ASSIGNMENT** | **13** |
| **18.** | **VARIATIONS** | **13** |
| **19.** | **REMEDIES AND WAIVERS** | **13** |
| **20.** | **TIME OF ESSENCE** | **13** |
| **21.** | **COUNTERPARTS** | **14** |
| **22.** | **CONTRACTS (RIGHTS OF THIRD PARTIES) ACT** | **14** |
| **23.** | **GOVERNING LAW** | **14** |
| **SCHEDULE 1** | **PARTICULARS OF THE VENDORS** | **15** |
| **SCHEDULE 2** | **REPRESENTATIONS AND WARRANTIES** | **16** |
| **SCHEDULE 3** | **LIMITATION OF LIABILITIES** | **31** |
| **SCHEDULE 4** | **SHAREHOLDERS AGREEMENT** | **35** |
| **SCHEDULE 5** | **SERVICE AGREEMENT** |  |

---

i

**<u>SALE AND PURCHASE AGREEMENT</u>**

**THIS AGREEMENT** is made on <u>21 October 2024</u>

**BETWEEN**

(1) **THE INDIVIDUALS WHOSE NAMES AND PARTICULARS ARE SET OUT IN SCHEDULE 1** (the "**Vendors** ");
 and

(2) **MEDIAPLUS LIMITED** (Company Registration No. 2154476), a company incorporated in the British Virgin Islands and having its registered office
at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands (the "**Purchaser** "),

(3) **YY GROUP HOLDING LIMITED**, a company incorporated in the British Virgin Islands and having its principal executive office at 60 Paya
Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 ()"**YY Group** ")

(collectively, the "**Parties**" and each, a "**Party**").

**WHEREAS**

(A) Mediaplus
Venture Group Pte. Ltd. (the "**Company**") (Company Registration No. 202432781E) was incorporated in Singapore on 2 August
2024 and has, at the date of this Agreement, an issued and paid-up share capital of S$1,000 comprising 1,000 ordinary shares.

(B) The
Company, Mediaplus Digital Pte. Ltd., Mplus Elite Pte. Ltd., M Synergates Pte. Ltd. and Mediaplus Digital Sdn. Bhd. will undertake a
corporate restructuring which will result in the Company holding all the issued shares of Mediaplus Digital Pte. Ltd., Mplus Elite Pte.
Ltd., M Synergates Pte. Ltd. and Mediaplus Digital Sdn. Bhd ()"**Restructuring** ").

(C) The
Group is principally engaged in the business of web design and development and digital marketing (the "**Business** ").

(D) Immediately
after completion of the Restructuring, the share capital of the Company shall be S$10,000 comprising 10,000 ordinary shares and the Vendors
will hold and own 100% of the issued and paid-up ordinary shares in the share capital of the Company ()"**Shares**") in
the following proportion:

---

| | | |
|:---|:---|:---|
| **Name** | **Number of Shares held** | **% shareholding** |
| Teo Kai Jie | 9400 | 94.0% |
| Tan Lee Yoen | 600 | 6.0% |
| **Total** | 10000 | 100.0% |

---

(E) Each
of the Vendors has agreed to sell to the Purchaser, and the Purchaser has agreed to purchase from each of the Vendors, such number of
the Sale Shares (as defined below) as set out against his/her name in the fourth column of Schedule 1 on the terms and subject to the
conditions contained in this Agreement.

**NOW IT IS HEREBY AGREED** as follows

**1.** **DEFINITIONS AND INTERPRETATION** 

1.1 In
this Agreement and in the Schedules unless the context requires otherwise:

"**Accounts**" means the unaudited financial statements of each Group Company for the financial year ended the Balance Sheet Date prepared on a consistent basis in accordance with accounting principles, standards and practices generally accepted as at the Balance Sheet Date in the jurisdiction in which the relevant Group Company was incorporated;

"**ACRA**" means the Accounting and Corporate Regulatory Authority of Singapore; "**Balance Sheet Date**" means 31 December 2023;

"**Basket**" has the meaning ascribed to it in paragraph 2.2 of Schedule 3;

"**borrowed money**" includes any indebtedness for or in respect of money borrowed or raised (whether or not for a cash consideration), by whatever means (including acceptances, deposits and leasing), or for the deferred purchase price of assets or services;

"**Business**" has the meaning ascribed to it in Recital (C);

"**Business Day**" means a day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks are open for business in Singapore;

"**Claim**" includes any notice, demand, assessment, letter or other document issued or action taken by the Inland Revenue Authority of Singapore or other statutory or governmental authority, body or official whatsoever (whether of Singapore or elsewhere in the world) whereby any Group Company is or may be placed or sought to be placed under a liability to make payment on any Taxes or deprived of any relief, allowance, credit or repayment otherwise available;

"**Company**" has the meaning ascribed to it in Recital (A);

"**Companies Act**" means the Companies Act 1967 of Singapore;

"**Completion**" means completion of the sale and purchase of the Sale Shares pursuant to Clause 5;

"**Completion Date**" means 2 January 2025 or such other date as the Parties may mutually agree in writing;

"**Completion Payment**" shall have the meaning ascribed to it in Clause 4.1.2;

"**Confidential Information**" means any information which is proprietary and confidential to any Group Company or any Party including but not limited to information concerning or relating in any way whatsoever to its distributorship, franchise or other arrangements, principals, any of the trade secrets or confidential operations, processes or inventions carried on or used by any Group Company or any Party, any information concerning the organisation, business, finances, transactions or affairs of any Group Company or any Party, its dealings, secret or confidential information which relates to its business or any of its principals', clients' or customers' transactions or affairs, its technology, designs, documentation, manuals, budgets, financial statements or information, accounts, dealers' lists, customer lists, marketing studies, drawings, notes, memoranda and the information contained therein, any information therein in respect of trade secrets, technology and technical or other information relating to the development, manufacture, clinical testing, analysis, marketing, sale or supply or proposed development, manufacture, clinical testing, analysis, marketing, sale or supply of any products or services by any Group Company or any Party, and plans for the development or marketing of such products or services and information and material which is either marked confidential or is by its nature intended to be exclusively for the knowledge of the recipient alone;

"**Consideration**" shall have the meaning ascribed to it in Clause 4.1;

"**Consideration Shares**" means 9,260 YY Group Shares to be allotted and issued to the Vendors in partial satisfaction of the Consideration pursuant to Clause 4.1.3;

"**debt**" means all or any indebtedness of the Group, including without limitation (a) all obligations of any Group Company for borrowed moneys or evidenced by bonds, debentures, notes, letters of credit or other instruments and securities, (b) all obligations of any Group Company as lessee under capital leases, (c) all obligations of any Group Company to pay the deferred purchase price of property or services, except accounts payable, accrued expenses or trade payables arising in the ordinary course of business of the relevant Group Company, and (d) all debt of other parties guaranteed by any Group Company, or secured by a lien on any of the assets of any Group Company;

"**Disclosure Letter**" means the document dated on the Completion Date setting out matters which constitute exceptions to the Warranties (if any);

"**Encumbrance**" means any mortgage, assignment of receivables, debenture, lien, charge, pledge, title retention, right to acquire, security interest, option, pre-emptive or other similar right, right of first refusal and any other encumbrance or condition whatsoever;

"**Fundamental Warranties**" means the Warranties set out in Clause 6.1;

"**Group**" means the Group Companies collectively;

"**Group Company**" means each of the Company, Mediaplus Digital Pte. Ltd., Mplus Elite Pte. Ltd., M Synergates Pte. Ltd. and Mediaplus Digital Sdn. Bhd.;

"**Intellectual Property Rights**" means any trademark, pending trademark application, patent, pending patent application, know-how, registered and unregistered design, copyright, trade secret, licence relating to any of the above or other similar industrial or commercial right;

"**Interim Dividend**" shall have the meaning ascribed to it in Clause 6.3;

"**Long Stop Date**" means 31 January 2025 or such other date as the Parties may mutually agree in writing;

"**Management Accounts**" means the unaudited management accounts for each Group Company for the period from 1 January 2024 to 31 May 2024;

"**month**" means calendar month;

"**Restructuring**" shall have the meaning ascribed to it in Recital (B);

"**Sale Shares**" means the Shares as set out against the name of the relevant Vendor in column (4) of Schedule 1 which in the aggregate shall constitute 54% of the total issued and paid-up share capital of the Company immediately prior to Completion;

"**Service Agreement**" means a service agreement to be entered into by each of the Vendors with the Company, in the form set out in Schedule 5;

"**Shareholders Agreement**" means a shareholders agreement to be entered into by each of the Vendors, the Purchaser and the Company, in the form set out in Schedule 4, regulating the relationship between the Vendors and the Purchaser as shareholders of the Company and setting out their rights and obligations in respect of the Company;

"**Shares**" shall have the meaning ascribed to it in Recital (D);

"**Surviving Clauses**" means Clauses 1, 3.3, 3.4, 5.4.3, 9 to 14, 16 to 23 and any other provision expressed to survive the termination of this Agreement or which by its nature or context is contemplated to survive the termination of this Agreement;

"**S$**" or "**Singapore Dollars**" means the lawful currency of Singapore;

"**Taxation**" or "**Taxes**" means all forms of taxation whether of Singapore or elsewhere in the world, past, present, future and deferred (including, without limitation, capital gains tax, income tax, real and personal property tax, withholding tax, estate duty, profits tax, stamp duty, value added tax, purchase tax, goods and services tax, customs and other import or export duties) or charges of any kind whatsoever, together with any interest and levies and all penalties, charges, costs and additions to tax, payable by or due from any Group Company, or any additional amounts imposed by any government, governmental agency, statutory body or any revenue authority, upon the any Group Company;

"**Third Party Claim**" means any action, suit, investigation, arbitration or similar proceeding against the Purchaser, YY Group and/or any Group Company, which the Purchaser, YY Group and/or the relevant Group Company believes it is entitled to be indemnified by the Vendors;

"**Transaction**" includes any transaction, act, event or omission of whatever nature;

"**Warranties**" means the representations, warranties and undertakings made by the Vendors contained or referred to in this Agreement and "**Warranty**" means any of them; and

"**YY Group Shares**" means class A ordinary shares of no par value in the issued and paid-up share capital of YY Group.

1.2 In
this Agreement, a reference to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1 a
 statute or statutory provision include any subsidiary or subordinate legislation made from
 time to time under that statute or statutory provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.2 a
 statutory provision shall include that provision and any regulations as from time to time
 modified or re-enacted, whether before or after the date of this Agreement, so far as such
 modification or re-enactment applies or is capable of applying to any Transactions entered
 into prior to Completion and (so far as liability thereunder may exist or can arise) shall
 include also any past statutory provision or regulation (as from time to time modified or
 re-enacted) which such provision or regulation has directly or indirectly replaced;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.3 "**this Agreement**" includes all amendments, additions, and variations thereto agreed between
 the Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.4 "**person** "
 shall include an individual, corporation, company, partnership, firm, trustee, trust, executor,
 administrator or other legal personal representative, unincorporated association, joint venture,
 syndicate or other business enterprise, any governmental, administrative or regulatory authority
 or agency (notwithstanding that "**person**" may be sometimes used herein
 in conjunction with some of such words), and their respective successors, legal personal
 representatives and assigns, as the case may be, and pronouns shall have a similarly extended
 meaning;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.5 "**month** "
 is a reference to a period starting on one day in a calendar month and ending on the numerically
 corresponding day in the next succeeding calendar month or if there is no such numerically
 corresponding day, then the last day of the relevant calendar month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.6 "**written** "
 and "**in writing**" include any means of visible reproduction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.7 "**Recitals** ",
 "**Clauses** ", and "**Schedules**" are to the recitals, clauses
 of, and the schedules to, this Agreement (unless the context otherwise requires); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.8 "**paragraph** "
 is a reference to a paragraph of the Schedules.

1.3 Unless
the context otherwise requires, words importing the singular shall include the plural and *vice versa* and words importing a specific
gender shall include the other genders (male, female or neuter).

1.4 The
 Schedules form part of this Agreement and have the same force and effect as if expressly
 set out in the body of this Agreement.

1.5 The
 headings in this Agreement are inserted for convenience only and shall not affect the construction
 of this Agreement.

1.6 Any
 thing or obligation to be done under this Agreement which requires or falls to be done on
 a stipulated day shall be done on the next succeeding Business Day, if the day upon which
 that thing or obligation is required or falls to be done falls on a day which is not a Business
 Day.

1.7 Save
 as otherwise specified herein, the covenants, stipulation, undertakings, agreements and obligations
 of each Vendor under this Agreement shall be deemed to be made by the Vendors jointly and
 severally and any covenant, stipulation, undertaking, agreement or obligation expressed to
 be made by or on behalf of any Vendor shall be binding upon and enforceable against the Vendors
 jointly and severally.

1.8 Save
 as otherwise specified herein, the covenants, stipulation, undertakings, agreements and obligations
 of the Purchaser and/or YY Group under this Agreement shall be deemed to be made by the Purchaser
 and YY Group jointly and severally. Any covenant, stipulation, undertaking, agreement or
 obligation expressed to be made by or on behalf of the Purchaser and/or YY Group shall be
 binding upon and enforceable against the Purchaser and YY Group jointly and severally.

**2.** **SALE OF THE SALE SHARES** 

2.1 Subject
 to the terms and conditions of this Agreement, each of the Vendors, as legal and beneficial
 owner, shall sell the Sale Shares, and the Purchaser relying on the Warranties contained
 in this Agreement shall purchase the Sale Shares, free from all Encumbrances and together
 with all rights, dividends, entitlements and advantages as of and including the Completion
 Date.

2.2 Each
 of the Vendors hereby waives in favour of one another and the Purchaser, all pre-emption
 and other rights which he may have or be entitled to over any of the Sale Shares conferred
 by the constitution of the Company or in any other way.

2.3 The
 Purchaser shall not be obliged to complete the purchase of any of the Sale Shares unless
 the purchase of all the Sale Shares is completed simultaneously.

**3.** **CONDITIONS PRECEDENT** 

3.1 Completion
 of the sale and purchase of the Sale Shares is conditional upon the following condition(s)
 having been fulfilled (or waived in writing):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1 the
 delivery by the Vendors to the Purchaser, on the Completion Date, of the Disclosure Letter
 on such terms that are satisfactory to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2 there
 being no breach of any of the warranties provided by the Parties in this Agreement and such
 warranties remaining true and not misleading in any material respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3 each
 of the Parties having performed all of the covenants and agreements required to be performed
 or caused to be performed by it under this Agreement on or before the Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.4 there
 being no default by any Group Company in any of its obligations by which the Group Company
 may become bound or liable to be called upon to repay prematurely any borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.5 there
 being no material adverse change in the business, operations, assets, financial condition
 or prospects of the Group since the date of signing of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.6 the
Restructuring having been completed and the share capital of and shareholdings in the Company being as set out in Recital (D); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.7 all
 necessary governmental, regulatory and third party (if any) consents, approvals, clearances,
 releases and waivers in respect of the Transactions contemplated in this Agreement and all
 other Transactions in connection therewith and incidental thereto, having been obtained,
 for the entry into this Agreement and for the Transactions contemplated herein, and such
 consents, approvals, clearances, releases and waivers remaining in full force and effect
 and not having been amended or revoked, and to the extent that such consents, approvals and
 waivers are subject to any conditions, such conditions being reasonably acceptable to the
 Parties and to the extent such conditions are required to be fulfilled, such conditions are
 so fulfilled.

3.2 If,
 at any time prior to Completion, any Party becomes aware of a fact or circumstance which
 might prevent any of the conditions set out in Clause 3.1 from being satisfied, it shall
 immediately inform the other Parties.

3.3 Unless
 specifically waived by the Purchaser and YY Group, if any of the conditions stated in Clause
 3.1 (other than Clauses 3.1.2, 3.1.3 and 3.1.7 to the extent they have to be fulfilled by
 the Purchaser and/or YY Group) shall not be fulfilled by the Vendors on or before the Long
 Stop Date or such other date as the Parties shall mutually agree in writing, the Purchaser
 and YY Group shall have the right, by notice in writing to the Vendors, to terminate this
 Agreement, whereupon this Agreement (other than the Surviving Clauses which survive the termination
 of this Agreement) shall *ipso facto* cease and determine and no Party shall have any
 claim against the other Parties for costs, damages, compensation or otherwise, save for any
 claim arising from any antecedent breach of the terms hereof and/or in respect of breach
 of any of the Surviving Clauses and/or in respect of the refund of the deposit sum referred
 to in Clause 4.1.1.

3.4 Unless specifically waived
 by the Vendors, if the condition stated in Clauses 3.1.2, 3.1.3 and 3 .1.7 (to the extent applicable to the Purchaser and/or YY
 Group) shall not be fulfilled by the Purchaser and/or YY Group on or before the Long Stop Date or such other date as the Parties
 shall mutually agree in writing, the Vendors shall have the right, by notice in writing to the Purchaser and YY Group, to terminate
 this Agreement, whereupon this Agreement (other than the Surviving Clauses which survive the termination of this Agreement) shall *ipso facto* cease and determine and no Party shall have any claim against the other Parties for costs, damages, compensation or
 otherwise, save for any claim arising from any antecedent breach of the terms hereof and/or in respect of breach of any of the
 Surviving Clauses. For the avoidance of doubt, in the event that this Agreement is terminated by the Vendors pursuant to this
 Clause, the Vendors shall not be required to refund the deposit sum referred to in Clause 4.1.1.

4. CONSIDERATION
FOR THE SALE SHARES

4.1 The
 consideration for the Sale Shares (the "**Consideration**") shall be S$1,350,000
 which shall be payable in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1 S$40,500,
 in cash upon the signing of this Agreement, provided that such deposit sum shall be refunded
 by the Vendors to the Purchaser forthwith in the event that Completion does not occur on
 or before the Long Stop Date due to Clause 3.3 or Clause 5.4.3;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2 S$1,284,500,
 in cash on Completion (the "**Completion Payment** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3 S$25,000, in the form of
 the Consideration Shares (regardless of their prevailing value), to be issued as soon as practicable after the Completion Date but
 in any event within three months from the Completion Date, provided that the approval has been obtained from Nasdaq for the listing
 and quotation of the Consideration Shares on Nasdaq Capital Market and has not been revoked or amended and to the extent that any
 conditions for the listing and quotation of the Consideration Shares are required to be fulfilled, they have been so fulfilled,
 provided further that the aforesaid shall be subject to and interpreted in accordance with all applicable statutory laws and SEC
 regulations, including but not limited to, the holding period requirements for affiliates and non- affiliates under Rule 144 of the
 Securities Act of 1933, as amended. To the extent that compliance with such laws and regulations affects the timing or manner of
 fulfilment of this condition, the Parties agree to work in good faith to satisfy this condition in a manner consistent with all
 legal requirements.

4.2 For
the avoidance of doubt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.1 Notwithstanding
 the deferred payments of part of the Consideration, it is hereby agreed that the Purchaser
 shall have full title, interest and rights to the Sale Shares upon their transfer to the
 Purchaser on the Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.2 Any
 deferred payment of part of the Consideration due and outstanding shall remain a debt due
 from the Purchaser to the Vendors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.3 In
 the event that YY Group is unable to issue the Consideration Shares to the Vendors within
 three months from the Completion Date for whatsoever reason, the Purchaser and YY Group shall
 jointly and severally pay the sum of S$25,000 in cash.

4.3 All
 payments of the Consideration to the Vendors, whether in cash or in the form of the Consideration
 Shares, shall be made in proportion to the number of Sale Shares held by each Vendor.

4.4 The
 Vendors agree and undertake that the Consideration Shares received by them shall be subject
 to a "lock-up" period of six months, during which period they shall not, directly
 or indirectly, sell, contract to sell, realise, transfer, assign, lend, grant any security
 over, encumber or otherwise dispose of or deal with all or any part of their interests in
 the Consideration Shares.

5. COMPLETION

5.1 Subject
 to Clause 3, Completion shall take place on the Completion Date at the office of the Company
 (or at such other place as the Parties may agree) where all of the events described below
 shall occur.

5.2 On
Completion, the Vendors shall deliver to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1 the
share certificates in respect of the Sale Shares, together with valid share transfer forms in respect of the Sale Shares, duly executed
by the Vendors in favour of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2 a
 certified true copy of the resolutions passed by the board of directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) approving
 the transfer of the Sale Shares to the Purchaser, subject only to the instrument of transfer
 being duly stamped;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorising
 the issue of new share certificate in respect of the Sale Shares in favour of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) approving
 the lodgement of a notice of transfer of the Sale Shares with ACRA and the making of such
 entries into the corporate records of the Company as may be necessary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) approving
 the appointment of up to two individuals which may be nominated by the Purchase as directors
 of the Company, with effect from the Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.3 such
 waivers or consents as may be necessary, including but not limited to waivers of pre-emption
 rights in respect of the Sale Shares, to enable the Purchaser to be registered as holder
 of any and all of the Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.4 the
 Service Agreements, duly executed by each of the Vendors and the relevant Group Company;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.5 the
 Shareholders Agreement, duly executed by each of the Vendors and the Company.

5.3 On
 Completion and against compliance with the provisions of Clause 5.2, the Purchaser shall
 deliver:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.1 the
 Completion Payment to the Vendors by way of cheques drawn on a bank licensed in Singapore
 and made out in favour of each of the Vendors, or in such other manner as may be agreed between
 the Vendors and the Purchaser in writing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.2 the
 Shareholders Agreement, duly executed by the Purchaser.

5.4 Without
 prejudice to any other remedies available, if in any respect the provisions of this Clause
 5 are not complied with by any Party on the Completion Date, the Party not in default may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.1 defer
 Completion to a date not more than 28 days after the Completion Date (and so that the provisions
 of this Clause shall apply to Completion as so deferred);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.2 effect
 Completion so far as practicable having regard to the defaults which have occurred (without
 prejudice to their rights hereunder); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.3 rescind
 this Agreement provided that the Surviving Clauses shall survive the termination of this
 Agreement. For the avoidance of doubt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the event that the Vendors are the Parties in default, the Vendors shall refund the deposit
 sum referred to in Clause 4.1.1 forthwith to the Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the event that the Purchaser or YY Group is the Party in default, the Vendors shall not be
 required to refund the deposit sum referred to in Clause 4.1.1.

**6.** **WARRANTIES AND UNDERTAKINGS** 

6.1 Each
 of the Vendors hereby jointly and severally represents, warrants and undertakes to and with
 the Purchaser and YY Group that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1 he
 is currently, and shall on Completion be, the legal and beneficial owner of the relevant
 Sale Shares, and that the Sale Shares shall immediately prior to Completion represent, in
 aggregate, 54% of the issued and paid-up share capital of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2 he
 is entitled to sell and transfer or procure the sale and transfer of the relevant Sale Shares
 to the Purchaser, free from all and any Encumbrances together with all rights and benefits
 attaching thereto as at the Completion Date and no other person has or shall have any rights
 of pre-emption over such Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3 on
 Completion, the relevant Sale Shares are and shall have been authorised, allotted, validly
 issued and fully paid-up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4 he
 has full power and authority to execute and deliver this Agreement and the agreements contemplated
 herein, and to consummate the Transactions contemplated hereby and that the Agreement and
 all such other agreements and obligations entered into and undertaken in connection with
 the Transactions contemplated hereby constitute his valid and legally binding obligations,
 enforceable against him in accordance with their respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5 his
 entry into and the performance of his obligations under this Agreement shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) infringe,
 or constitute a default under, any instrument, contract, document or agreement to which he
 or the Company is a party or by which he, the Company or their respective assets are bound;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) result
 in a breach of any law, rule, regulation, ordinance, order, judgment, decree, approval or
 licence of or undertaking to any court, government body, statutory authority or regulatory,
 administrative or supervisory body to which he or the Company is a party or by which he,
 the Company or their respective assets are bound, whether in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6 the
 information relating to the Company as set out in Recitals (A) to (D) is true and accurate
 in all respects and there is no information the omission of which in the Recitals might make
 such information misleading or inaccurate in any respect.

Each of the representations, warranties and undertakings above shall be separate and independent and shall not, save as disclosed in the Disclosure Letter and subject to Schedule 3, be limited by anything in this Agreement. Each of the Vendors acknowledges that the Purchaser and YY Group have entered into this Agreement in full reliance upon and on the basis of each of the Warranties contained herein.

6.2 Save
 as disclosed in the Disclosure Letter and subject to Schedule 3, the Vendors hereby jointly
 and severally represent, warrant and undertake to and with the Purchaser and YY Group that
 the Warranties set out in Schedule 2 are true and accurate as at the date of this Agreement
 and on Completion Date, and in relation to any Warranty which refers to the knowledge, information
 or belief of the Vendors, that it refers to the actual knowledge of the Vendors after making
 due and proper enquiry into the subject matter of that Warranty. The Purchaser and YY Group
 shall not make any claim against the Vendors for any breach of a Warranty where the subject
 matter of the breach is disclosed in the Disclosure Letter.

6.3 The
 Vendors further undertake to the Purchaser and YY Group that, prior to Completion, but subject
 to the actual knowledge of the Vendors, should any material liability or undertaking have
 arisen with respect to the Company or the Vendors, the Vendors shall have the responsibility
 to inform the Purchaser and YY Group of such liability or undertaking. For the avoidance
 of doubt, the Parties agree that, between the date of this Agreement and the Completion Date,
 the Group Companies shall declare and pay to the Vendors interim dividend totalling S$1,000,000
 ()"**Interim Dividend** ").

6.4 If
 after the signing of this Agreement and before Completion, any event shall occur or matter
 arise which results or may result in any of the Warranties being unfulfilled, untrue, misleading
 or incorrect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.1 the
 Vendors shall immediately notify the Purchaser and YY Group in writing fully thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.2 the
 Vendors shall make any such investigation concerning the event or matter which the Purchaser
 and YY Group may reasonably require.

6.5 The
 warranties, representations and undertakings given herein will be fulfilled down to and will
 be true and correct as at the Completion Date as if they had been entered into afresh at
 the Completion Date. The Vendors shall not do, allow or procure any act or omission before
 Completion which would constitute a breach of any of the Warranties if they were given at
 Completion or which would make any of the Warranties inaccurate or misleading if they were
 so given.

6.6 Each
 of the Purchaser and YY Group hereby represents, warrants and undertakes to and with the
 Vendors that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.1 it
 has full power and authority to execute and deliver this Agreement and the agreements contemplated
 herein, and to consummate the Transactions contemplated hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.2 this
 Agreement and all such other agreements and obligations entered into and undertaken in connection
 with the Transactions contemplated hereby constitute its valid and legally binding obligations,
 enforceable against it in accordance with its respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.3 its
 execution and delivery of, and the performance of its obligations under, this Agreement will
 not and are not likely to result in a breach of any provision of its constitutional documents;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.4 it
 enters and executes this Agreement as principal and not as an agent of a third party.

6.7 Save
 for this Clause 6 and Schedule 2, no Party makes any other representations or warranties,
 express or implied, to the other Party.

6.8 Each
 and every obligation under this Clause 6 is a separate and independent primary obligation
 and shall survive and shall not be extinguished in any way by Completion. Each and every
 obligation shall be severally enforceable.

**7.** **INDEMNITY** 

7.1 Subject
 to Schedule 3, each of the Vendors jointly and severally irrevocably undertakes to keep each
 the Purchaser and YY Group, for itself and as agent and trustee for each Group Company, fully
 and effectively indemnified against any and all losses, costs, damages, claims, penalties,
 demands, actions, proceedings, liabilities and expenses whatsoever (including but not limited
 to reasonable legal costs) that the Purchaser, YY Group or the relevant Group Company may
 incur or suffer, directly or indirectly, in connection with or arising from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.1 any
 breach or inaccuracies of any of the Warranties and/or any default by any of the Vendors
 of his obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.2 any
 non-compliance with the Companies Act in relation to the obligations of any Group Company
 and/or its officers prior to Completion; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.3 any
 depletion in or reduction in value of the assets or increase in any liabilities in relation
 to any Group Company due to failure by the Group Companies to make provision in their financial
 statements for the financial year or period ending 31 December 2024 (which shall be provided
 to the Purchaser before 31 March 2025) for Taxes payable by the Group Companies (i) in respect
 of any Transaction effected or deemed to have been effected on or before Completion, or (ii)
 by reference to any income, profits or gains earned, accrued or received on or before Completion.

7.2 Any
 liability to the Purchaser, YY Group or any Group Company hereunder may in whole or in part
 be released, compounded or compromised, or time or indulgence may be given, by the Purchaser,
 YY Group or the relevant Group Company in its absolute discretion without in any way prejudicing
 or affecting its rights against the Vendors for any other breaches. Any release or waiver
 or compromise shall be in writing and shall not be deemed to be a release, waiver or compromise
 of similar conditions in the future.

**8.** **LIMITATION OF LIABILITY** 

8.1 The
 liabilities of the Vendors under this Agreement shall be limited in accordance with the provisions
 of Schedule 3.

**9.** **CONFIDENTIALITY** 

9.1 Each
 of the Parties agrees to keep strictly secret and confidential, and under no circumstances
 disclose to any person or entity which is not a Party hereto, any Confidential Information
 arising from or in connection with this Agreement unless disclosure of such information is
 expressly permitted by the prior written consent of the other Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 The
 confidentiality obligation under Clause 9.1 shall not apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.1 any
 information obtained from any Party hereto which becomes generally known to the public, other
 than by reason of any wilful or negligent act or omission of such Party or any of its agents,
 advisers, directors, officers, employees or representatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.2 any
 information which is required to be disclosed pursuant to any applicable laws or any requirement
 of any competent governmental or statutory authority or pursuant to rules or regulations
 of any relevant regulatory, administrative or supervisory body (including without limitation,
 any relevant stock exchange or securities council);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.3 any
 information which is required to be disclosed pursuant to any legal process issued by any
 court or tribunal whether in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.4 any
 information disclosed by either Party to their respective bankers, financial advisers, consultants
 and legal or other advisers for the purpose of this Agreement.

**10.** **ANNOUNCEMENTS** 

10.1 Neither
 Party shall make or authorise the making of any announcement concerning the existence or
 subject matter of this Agreement unless the other Party shall have given its written consent
 to such announcement (such consent not to be unreasonably withheld or delayed).

10.2 Clause
 10.1 shall not apply to any information which is required to be disclosed pursuant to any
 applicable laws or any requirement of any competent governmental or statutory authority or
 rules or regulations of any relevant regulatory, administrative or supervisory body (including
 without limitation, any relevant stock exchange in Singapore or elsewhere or securities council).

**11.** **COSTS** 

11.1 The
 Purchaser shall bear all stamp duty and other documentary taxes (if any) payable in connection
 with the transfer of the Sale Shares from the Vendors to the Purchaser.

11.2 Save
 as set out in Clause 11.1, each Party shall bear its own legal and other costs and expenses
 of and incidental to the negotiation, preparation, execution and performance by it of this
 Agreement and all ancillary documents and the sale and purchase hereby agreed to be made.

**12.** **GENERAL** 

12.1 The
 provisions of this Agreement including the representations, warranties, covenants and undertakings
 herein contained (insofar as the same shall not have been fully performed at Completion)
 shall remain in full force and effect notwithstanding Completion and shall not in any respect
 be extinguished or affected by Completion, or by any other event or matter whatsoever, except
 by a specific and duly authorised written waiver or release by the Purchaser, YY Group or
 the Vendors, as the case may be. Completion shall not prejudice any rights of any Party which
 may have accrued hereunder prior to Completion.

12.2 Save
 as expressly provided herein, any right of termination conferred upon the Purchaser, YY Group
 or the Vendors shall be in addition to and without prejudice to all other rights and remedies
 available to it and no exercise or failure to exercise such a right of termination shall
 constitute a waiver of any such other right or remedy, provided that any such right of termination
 shall be exercised prior to Completion.

**13.** **ILLEGALITY** 

The illegality, invalidity or unenforceability of any provision of this Agreement under the law of any jurisdiction shall not affect its legality, validity or enforceability under the law of any other jurisdiction nor the legality, validity or enforceability of any other provision.

**14.** **NOTICES** 

Any notice required to be given by a Party to the other Party shall be in writing (including by any written forms of electronic communication) and in the English language. It shall be deemed validly served by hand delivery or by electronic communication or by prepaid post or by a recognised courier service sent to the address or email address of the Parties given herein or such other address or email address as may from time to time be notified for this purpose. The initial addresses and email addresses of the Parties are:-

---

| | |
|:---|:---|
| **The Vendors** |  |
| <u>Teo Kai Jie</u> |  |
| Address | 2E Green Lane, Singapore 438897 |
| Email | ivan.teokj@gmail.com |
| <u>Tan Lee Yoen</u> |  |
| Address | Lot 14385 Lorong Interhill 14D Serene Sanctuary, 98000 Miri, Sarawak, Malaysia |
| Email | tracymediaplus@gmail.com |
| **The Purchaser** |  |
| Address | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 |
| Attention | Mr Mike Fu / Mr Jason Phua |
| Email | mike@yygroupholding.com / jason.phua@yygroupholding.com |
| **YY Group** |  |
| Address | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 |
| Attention | Mr Mike Fu / Mr Jason Phua |
| Email | mike@yygroupholding.com / jason.phua@yygroupholding.com |

---

Unless there is evidence that a notice or communication was received earlier, any such notice or communication shall be deemed to have been served:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 delivered by hand, at the time of delivery;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 posted by prepaid ordinary mail, at the expiration of 3 Business Days after the envelope
 containing the same shall have been put into the post;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 sent by written forms of electronic communication, on the day of despatch; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 sent by courier, at the expiration of 2 Business Days after the package containing the same
 shall have been received by the relevant courier company.

In proving such service it shall be sufficient to prove that delivery by hand was made or that the envelope containing such notice or document was properly addressed and posted as a prepaid ordinary mail letter or that the electronic communication was properly addressed and despatched or, as the case may be, the package containing such notice or document was properly addressed and sent to the relevant courier company.

**15.** **FURTHER ASSURANCE** 

Each Party shall do and execute or procure to be done and executed all such further acts, deeds, things and documents as may be necessary to give effect to the terms of this Agreement.

**16.** **ENTIRE AGREEMENT** 

This Agreement, and the documents referred to in it, constitutes the entire agreement and understanding between the Parties relating to the subject matter of this Agreement and supersede all prior and contemporaneous agreements, correspondence or understanding, express or implied, oral or written. The Parties agree that no Party has entered into this Agreement in reliance upon any representation, warranty or undertaking of the other Part(ies) which is not set out or referred to in this Agreement. Nothing in this Clause 16 shall however operate to limit or exclude liability for fraud.

**17.** **ASSIGNMENT** 

This Agreement shall be binding upon and enure for the benefit of the successors-in-title and permitted assigns of the Parties. No Party shall (nor shall it purport to) assign, transfer, charge or otherwise deal with all or any of its rights under this Agreement nor grant, declare or dispose of any right or interest in it without the prior written consent of the other Part(ies).

**18.** **VARIATIONS** 

18.1 No
 variation of this Agreement (or of any of the documents referred to in this Agreement) shall
 be valid unless it is in writing and signed by or on behalf of each Party. The expression
 "**variation**" shall include any amendment, supplement, deletion or replacement
 however effected.

18.2 Unless
 expressly agreed, no variation shall constitute a general waiver of any provisions of this
 Agreement, nor shall it affect any rights, obligations or liabilities under or pursuant to
 this Agreement which have already accrued up to the date of variation, and the rights and
 obligations of the Parties under or pursuant to this Agreement shall remain in full force
 and effect, except and only to the extent that they are so varied.

**19.** **REMEDIES AND WAIVERS** 

No failure on the part of any Party to exercise, and no delay on its part in exercising, any right or remedy under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.

**20.** **TIME OF ESSENCE** 

Any date, time or period mentioned in any provision of this Agreement may be extended by mutual agreement between the Parties but as regards any time, date or period originally fixed and not extended or any time, date or period so extended as aforesaid, time shall be of the essence.

**21.** **COUNTERPARTS** 

This Agreement may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any Party may enter into this Agreement by signing any such counterpart and each counterpart may be signed and executed by each Party and transmitted by electronic transmission and shall be as valid and effectual as if executed as an original.

**22.** **CONTRACTS (RIGHTS OF THIRD PARTIES) ACT** 

Save for each Group Company, a person who is not party to this Agreement has no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement, but this does not affect any right or remedy of a third party which exists or is available apart from the said Act.

**23.** **GOVERNING LAW** 

23.1 This
 Agreement shall be governed by, and construed in accordance with, the laws of Singapore.

23.2 The
 Parties agree to submit to the non-exclusive jurisdiction of the courts of Singapore.

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**SCHEDULE 1 PARTICULARS OF THE VENDORS**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(1)** | **(2)** | **(3)** | **(4)** | **(5)** | **(6)** |
| **VENDORS** | **IDENTITY NO.** | **ADDRESS** | **NO. OF SALE SHARES** | **AMOUNT OF CONSIDERATION IN CASH** | **NUMBER OF CONSIDERATION SHARES** |
| Teo Kai Jie | S8208716H | 2E Green Lane Singapore 438897 | 5076 | S$1,245,500 | 8704 |
| Tan Lee Yoen | 841228135806 | Lot 14385 Lorong Interhill 14D Serene Sanctuary, 98000 Miri, Sarawak, Malaysia | 324 | S$79,500 | 556 |

---

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**SCHEDULE 2**

**REPRESENTATIONS AND WARRANTIES**

1. *Information* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Recitals are true and all information contained in any document or communication in writing
 which has been given by the Vendors or their advisers, agents, employees, officers or representatives
 to the Purchaser or its advisers, agents, employees, officers or representatives in the course
 of the negotiations leading to this Agreement was when given true and accurate in all material
 respects and is not misleading whether because of any omission or ambiguity or for any other
 reason and the copies of all contracts and other documents supplied to the Purchaser or any
 of its advisers, agents, employees, officers or representatives by or on behalf of the Vendors
 or each Group Company or any of their respective advisers, agents, employees, officers or
 representatives are true and complete in all material respects and the contents of such copy
 contracts comprise the entire agreement between the parties to them. After making due and
 careful enquiries, the Vendors have no knowledge of any fact or matter not disclosed in writing
 to the Purchaser which renders any such information untrue, inaccurate or misleading in any
 material respect or the disclosure of which might affect the willingness of the Purchaser
 to purchase the Sale Shares from the Vendors on the terms of this Agreement or the price
 at or terms upon which the Purchaser would be willing to purchase them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 information contained in the Disclosure Letter and the documents annexed to or referred to
 in it is true and accurate in all material respects and is not misleading in any material
 respect, whether because of any omission or ambiguity or for any other reason.

2. *Copies of Accounts, Constitution, etc* 

The copies of the Accounts and the constitution (or the equivalent constitutive documents) of each Group Company furnished to the Purchaser are true and complete copies and in the case of the constitutive documents of each Group Company, contain full details of the rights and restrictions attached to the share capital of the Group Company. Copies of all the resolutions and agreements (including without limitation, shareholders' agreements, voting agreements etc.) required by law to be annexed to or incorporated in the constitutive documents of each Group Company are annexed or incorporated and there have been no amendments to such constitutive documents which have not been lodged or otherwise registered with ACRA or other equivalent authority.

3. *Accounts* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Accounts have been prepared in accordance with all applicable laws and on a consistent basis
 in accordance with accounting principles, standards and practices generally accepted as at
 the Balance Sheet Date in the jurisdiction in which the relevant Group Company was incorporated
 so as to give a true and fair view of the state of affairs of the relevant Group Company
 at the Balance Sheet Date and of the profits or losses for the period concerned and as at
 that date make:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) full
 provision for all actual liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) proper
 and adequate provision for all contingent liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) provision
 reasonably regarded as adequate for all bad and doubtful debts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) due
 provision for depreciation and amortisation and for any obsolescence of assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 stock and work-in-progress are included in the Accounts at figures not exceeding the amounts
 which could, in the circumstances existing as at the Balance Sheet Date, reasonably be expected
 to be realised in the normal course of carrying on the business of the relevant Group Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Full
 provision or reserve has been made in the Accounts for all Taxation liable to be assessed
 on the relevant Group Company or for which it is or may become accountable in respect of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) profits,
 gains or income (as computed for Taxation purposes) arising or accruing or deemed to arise
 or accrue on or before the Balance Sheet Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 Transactions effected or deemed to be effected on or before the Balance Sheet Date or provided
 for in the Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) distributions
 made or deemed to be made on or before the Balance Sheet Date or provided for in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Proper
 provision or reserve for deferred Taxation has been made in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 profits and losses of each Group Company for the financial period ended on the Balance Sheet
 Date as shown by the Accounts, the accounts of each Group Company for previous periods delivered
 to the Purchaser and the trend of profits thereby shown have not (except as therein disclosed)
 been affected by inconsistencies of accounting practices, by Transactions entered into otherwise
 than on normal commercial terms or by any other factors which is not in the ordinary course
 of business of the relevant Group Company rendering such profits for all or any of such periods
 exceptionally high or low (other than as disclosed in the relevant accounts).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each
 Group Company does not have any outstanding loan capital, nor has it factored any of its
 debts, or engaged in financing of a type which would not be required to be shown or reflected
 in the Accounts or borrowed any money which it has not repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) There
 are no liabilities (including contingent liabilities) which are outstanding on the part of
 each Group Company, other than those liabilities disclosed in the Accounts or which have
 arisen in the ordinary course of business since Balance Sheet Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Each
 Group Company has not been a party to any Transaction which is not in its ordinary course
 of business and which, if it had taken place on or before the Balance Sheet Date, would have
 been required to be disclosed or reflected in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No
 value was attributed in the Accounts to any asset which was not beneficially owned by the
 relevant Group Company at the Balance Sheet Date.

4. *Changes since the Balance Sheet Date* 

 

From the Balance Sheet Date and up to the Completion Date as regards each Group Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its
 business has been lawfully carried on in the ordinary course and so as to maintain the same
 as a going concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has not disposed of any assets or assumed or incurred any liabilities (including contingent
 liabilities) otherwise than in the ordinary course of carrying on its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no
 dividend or other distribution has been declared, made or paid to its members except as provided
 for in the Accounts or as provided in this Agreement (including the Interim Dividend);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) neither
 its turnover nor its trading position in respect of the financial year commencing from 1
 January 2024 and on a quarter to quarter basis has deteriorated by more than 25%;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no
 material change has been made in the emoluments or other terms of employment of its directors
 or any of its employees with an annual remuneration above S$100,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) it
 has not borrowed any money or issued any guarantee or created any charge or Encumbrance over
 any asset other than as disclosed in the Accounts or otherwise than in the ordinary course
 of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no
 share or loan capital has been allotted or issued or agreed to be issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) there
 has been no unusual increase or decrease in the level of its stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) after
 making due and careful enquiries, it has not learnt of any circumstance making bad or doubtful
 any of its book debts, save as disclosed in the Accounts or Management Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) it
 has not knowingly waived or released any proprietary rights howsoever arising;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) it
 has not acquired or disposed of or granted any right or option or created any other Encumbrance,
 save for those created pursuant to this Agreement or in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) no
 resolutions have been passed and nothing has been done in the conduct or management of its
 affairs which would be likely to reduce its net asset value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) no
 change has been made to the accounting practices adopted by any Group Company and the accounting
 practices adopted for the Group Companies are consistent with those adopted in the Accounts.

5. *Litigation* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Since
 the Balance Sheet Date, no claim has been made against any Group Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 Group Company is at present engaged whether as plaintiff or defendant or otherwise in any
 legal action, proceeding or arbitration (other than as plaintiff in the collection of debts
 arising in the ordinary course of its business) or being prosecuted for any criminal offence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There
 are no circumstances known to the Vendors which are likely to lead to any such claim or legal
 action, proceeding or arbitration (other than as aforesaid) or prosecution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There
 is not in force any court injunction, order or directive restraining or restricting any Group
 Company from carrying on its business or any part thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To
 the best of the Vendors' knowledge or belief, no Group Company is subject to any outstanding
 judgment, order or decree of any court, tribunal or regulatory or government body or any
 undertaking to any court, judicial authority or regulatory or government body or any outstanding
 arbitration award; there are no civil, criminal, administrative or disciplinary or arbitration
 proceedings in progress, pending or threatened against any Group Company and there are no
 facts likely to give rise to any such proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To
 the best of the Vendors' knowledge or belief, neither none of the Group Companies nor
 any person for whose acts or defaults it may be liable has committed any criminal, illegal
 or other unlawful act or any breach of contract or statutory duty or any tortious or other
 act or default which could lead to a claim or proceedings against a Group Company or give
 rise to or increase the liability or obligation of a Group Company or which could entitle
 any other person to terminate any contract to which a Group Company is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) To
 the best of the Vendors' knowledge or belief, there are no investigations, inquiries
 or disciplinary proceedings by or before any regulatory, administrative, supervisory or government
 body concerning any Group Company, whether on-going, pending or threatened and there are
 no facts likely to give rise to any such investigation, inquiry or proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) To
 the best of the Vendors' knowledge or belief, no Group Company has been convicted of
 any offence and no director of any Group Company has been convicted of any offences in relation
 to the Group Company.

6. *Taxation* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There
 is no liability on any Group Company to Taxation in respect of which a Claim could be made
 and there are no circumstances likely to give rise to such a liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All
 income tax, goods and services tax, property tax, stamp duties, and other taxes charges and
 levies assessed or imposed by any government or governmental or statutory body which have
 been assessed upon any Group Company and which are due and payable on or before Completion
 have been paid and were paid on or before the relevant due date for payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In
 relation to stamp duty assessable or payable in Singapore or elsewhere in the world, as at
 the date of this Agreement and as at the Completion Date, all documents in the enforcement
 of which any Group Company may be interested have been duly stamped and no document belonging
 to any Group Company now or at Completion which is subject to ad valorem stamp duty is or
 will be unstamped or insufficiently stamped; nor has any relief from such duty been improperly
 obtained, nor has any event occurred as a result of which any such duty from which any Group
 Company has obtained relief, has become payable; and all stamp duty payable upon any transfer
 of shares in any Group Company before Completion has been duly paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In
 relation to goods and services tax, each Group Company, in its relevant jurisdiction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has
 been duly registered and is a taxable person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) has
 complied, in all respects, with all statutory requirements, orders, provisions, directions
 or conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) maintains
 complete, correct and up to date records as is required by the applicable legislation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) has
 not been required by the relevant authorities of customs and excise to give security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No
 Group Company has paid nor will it become liable to pay any penalty or interest under any
 Taxation statute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No
 Group Company has been the subject of an investigation, discovery or access order by or involving
 any Taxation authority and there are no circumstances existing which make it likely that
 an investigation, discovery or order will be made.

7. *Contributions* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 deductions and payments required to be made by each Group Company in respect of contributions
 (including employer's contributions) to any relevant competent authority have been
 so made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Proper
 records have been maintained in respect of all such deductions and payments and all regulations
 applicable thereto have been complied with.

8. *Tax returns* 

Each Group Company has duly made all returns and given or delivered all notices, accounts and information which on or before the date hereof ought to have been made, given or delivered for the purposes of Taxation and all such returns, notices, accounts and information (and all other information supplied to the Inland Revenue or the Customs and Excise or other Taxation authority concerned for any such purpose) have been complete and correct and made on a proper basis and none of such returns, notices, accounts or information is disputed in any respect by the Taxation authority concerned and there is no fact known to the Vendors which might be the occasion of any such dispute or of any Claim for Taxation in respect of any financial period down to and including the Balance Sheet Date which is not provided for in the Accounts.

9. *Employees* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There
 are not in existence any contracts of service with directors or employees of any Group Company,
 nor any consultancy agreements with any Group Company, which cannot be terminated by three
 (3) months' notice or less or (where not reduced to writing) by reasonable notice without
 giving rise to any claim for damages or compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There
 are no amounts owing to any present or former directors or to employees of any Group Company
 save for accrued benefits and remuneration due to present directors and employees of each
 Group Company, full details of which have been set out in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save
 to the extent (if any) to which provision or allowance has been made in the Accounts, no
 Group Company has made or agreed to make any payment to or provided or agreed to provide
 any benefit for any present or former director or employee which is not allowable as a deduction
 for the purposes of Taxation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Save
 to the extent (if any) to which provision or allowance has been made in the Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) no
 liability has been incurred by any Group Company for breach of any contract of service or
 for services, for redundancy payments or for compensation for wrongful dismissal or unfair
 dismissal or for failure to comply with any order for the reinstatement or re-engagement
 of any employee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no
 gratuitous payment has been made or promised by any Group Company in connection with the
 actual or proposed termination or suspension of employment or variation of any contract of
 employment of any present or former director or employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To
 the best of the Vendors' knowledge or belief, each Group Company has in relation to
 each of its employees (and so far as relevant to each of its former employees) complied in
 all respects with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all
 obligations imposed on it by all statutes, regulations and mandatory codes of conduct and
 practice relevant to the relations between it and its employees and has maintained current
 and adequate records regarding the service of each of its employees; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all
 relevant orders and awards made under any relevant statute, regulation or code of conduct
 and practice affecting the conditions of service of its employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To
 the best of the Vendors' knowledge or belief, none of the employees of any Group Company
 is a member of a trade union. As such, no Group Company is involved in or has received notice
 of any industrial or trade dispute or any dispute or negotiation with any
trade union or association of trade unions or organisation or body of employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) As
 at the date of this Agreement and as at the Completion Date, no Group Company has in existence,
 nor is proposing to introduce, any incentive scheme, share incentive scheme, share option
 scheme, profit sharing scheme or other bonus commission or incentive scheme for all or any
 part of its directors or employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) As
 at the date of this Agreement and as at the Completion Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) no
 Group Company has hired or committed to hire any employees or independent contractors or
 promoted or committed to promote any employees into or within the director, manager or officer
 levels;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no
 employee of any Group Company receives or is entitled (contingently or otherwise) to receive
 any bonus, commission, variable remuneration, insurance, benefit in kind, motor vehicle for
 private use or other reward other than wages or salary at a fixed rate, save for the reimbursement
 of expenses incurred in the normal course of business of the Group Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all
 employees who are required to have employment passes or other required permit entitling such
 employee to work in Singapore or elsewhere in the world have obtained the requisite employment
 passes or permit. All such employment passes or permit are valid and subsisting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As
 at the date of this Agreement and as at the Completion Date, no Group Company has offered
 or agreed to increase the remuneration of or to alter any of the material terms and conditions
 of employment of any of its employees in a managerial or executive position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) There
 are no amounts owing to any present or former employee of any Group Company other than remuneration
 or commission accrued for the current wage or salary period or for reimbursement of normal
 business expenses and no present or former employee of any Group Company has any claim against
 it or right to be indemnified by it arising out of an act or omission in the course of his
 office or employment on or before the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) As
 at the date of this Agreement and as at the Completion Date, none of the employees of any
 Group Company has any accrued rights to holiday pay or to pay in lieu of holidays which have
 not been provided for in full in the Accounts or Management Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) No
 Group Company has any agreement or other arrangement (whether or not legally binding) with
 any trade union or other body representing employees of the Group Company or any of them
 and no Group Company recognises any trade union or other body representing employees of the
 Group Company or any of them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) There
 has been no strike, work to rule, work stoppage, work interference activity or industrial
 action (official or unofficial) by any employee of any Group Company within the last 5 years,
 threatened or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) As
 at the date of this Agreement and as at the Completion Date, no employee of any Group Company
 with an annual remuneration of S$60,000 or more has resigned or submitted a letter of resignation
 or threatened to resign or indicated an intention to resign that the Vendors are aware of.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) There
 is no agreement, arbitration or court decisions or governmental, regulatory or supervisory
 orders which are binding on any Group Company which limit or restrict in any way the Group
 Company from relocating or closing any of its operations.

10. *Pensions, Grants and Employment Schemes* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As
 at the date of this Agreement and as at the Completion Date, save for those required by law
 of the relevant jurisdiction, there is not in existence nor has any proposal been announced
 to establish any retirement, death or disability benefit schemes for directors or employees
 nor are there any obligations to or in respect of present or former directors or employees
 with regard to retirement, death or disability pursuant to which any Group Company is or
 may become liable to make payments and no pension or retirement or sickness gratuity is currently
 being paid or has been promised by any Group Company to or in respect of any former director
 or former employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Where
 grants, subsidies or allowances have been applied for or received by any Group Company from
 any government body, there are no grounds upon which any such grant, subsidy or allowance
 or any part thereof could be liable to be repaid or recovered whether by reason of Completion
 or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No
 Group Company is party to any scheme or programme relating to the temporary or permanent
 engagement or training of employees under which it receives any subsidy or other financial
 assistance from any government body.

11. *Debts to, contracts with, connected persons* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save
 as disclosed in the Accounts, there are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (A)
 no loans made by any Group Company to, and (B) no debts (whether or not due for payment and
 including contingent liabilities) or unfulfilled obligations (present or future, actual or
 contingent) owing to, the Vendors or to any director, officer, employee or shareholder of
 any Group Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no
 securities given by or to any Group Company (including guarantees or indemnities) for any
 such loans or debts as aforesaid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no
 claim or circumstance which may give rise to a claim against any Group Company by the Vendors
 or any director, officer, employee or shareholder of any Group Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Save
 as disclosed in the Accounts, there are no existing contracts, arrangements, understandings
 or engagements to which any Group Company is a party and in which the Vendors, and/or any
 director, officer, key employees or shareholder of the Group Company is directly or indirectly
 interested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save
 as disclosed in the Accounts, there is no contract, arrangement or understanding to which
 any Group Company is a party or by which it is bound which is not on entirely arm's
 length terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 financial position of each Group Company and its results as appearing from the Accounts were
 not and have not since been affected by any Transaction, contract or arrangement not on entirely
 arm's length terms.

12. *Capital commitments, unusual contracts, guarantees* 

 

Each Group Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) does
 not have any capital commitment in excess of S$500,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is
 not a party to any contract entered into otherwise than in the ordinary and usual course
 of business or subject to non-competition restriction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) has
 not delegated any powers under a power of attorney which remains in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) has
 not, by reason of any default by it of any of its obligations, become bound or liable to
 be called upon to repay prematurely any loan capital or borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is
 not a party to any agreement which is or may become terminable or which contain provisions
 which may operate adversely against the Group Company as a result of the entry into this
 Agreement or Completion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) has
 not entered into nor is bound by any guarantee or indemnity under which any liability or
 contingent liability is outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) is
 not and has not agreed to become a member of any joint venture, consortium, partnership or
 other unincorporated association; is not and has not agreed to become, a party to any agreement
 or arrangement for participating with others in any business sharing commissions or other
 income;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) is
 not a party to any agreement or arrangement which restricts its freedom to carry on its business
 in any part of the world in any manner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has
 not and will not at any time prior to Completion sell or otherwise dispose of any shares
 or capital or assets in circumstances such that it is, or may be, still subject to any liability
 (whether contingent or otherwise) under any representation, warranty or indemnity given or
 agreed to be given on or in connection with such sale or disposal.

13. *Book debts* 

 

Save as disclosed in the Accounts, none of the book debts which are included in the Accounts or which have subsequently arisen have been outstanding for more than 6 months as at the date of this Agreement and each such debt has realised or will realise in the normal course of collection its full value as included in the Accounts or in the books of the Group Company after taking into account any provision for such debt made in the relevant Accounts.

14. *Insurance* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To
 the best of the Vendors' knowledge and belief, there exist valid insurance policies
 taken out by each Group Company to insure it adequately against liabilities and losses and
 risks to which persons operating the types of businesses operated by the Group Company is
 exposed or to comply with the applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In
 respect of such insurances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all
 premiums have been duly paid to date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all
 the policies are in force and are not voidable on account of any act, omission or non-disclosure
 on the part of the insured party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) none
 of the insurance policies is subject to any special or unusual terms or restrictions or to
 the payment of any premium in excess of the usual rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
claims have been made by any Group Company on its insurers, nor have any circumstances arisen which may give rise to any claim, which
(in either case) could have the effect of causing future premiums to be higher than would otherwise be the case.

15. *Title to and condition of assets* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 assets (including all intangible assets) owned, held or used by each Group Company which
 are included in the Accounts or have otherwise been represented as being the property of
 the Group Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are
 legally and beneficially owned by it free from any Encumbrance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are
 in its possession or under its exclusive control; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) are
 situated in Singapore or Malaysia, as the case may be.

All debts due to each Group Company which are included in the Accounts or have otherwise been represented as being due to the Group Company are legally and beneficially owned by it free from any Encumbrance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There
 is no Encumbrance on, over or affecting the whole or any part of the undertaking, assets
 or debts of any Group Company and there is no agreement or commitment to give or create any
 Encumbrance and no claim has been made by any person to be entitled to any Encumbrance and
 save for hire-purchases and other lease commitments arising in the ordinary course of business,
 none of such undertaking, assets or debts are the subject of any factoring arrangement, hire-purchase,
 conditional sale or credit sale agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each
 Group Company is able to prove title to all the assets owned by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No
 Group Company has received any sum, property or benefit the payment or transfer of which
 is liable to be avoided, or which is liable to be recovered from it, under any rule or law
 and no Group Company holds any sum, property or right as trustee or constructive trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 assets owned by each Group Company comprise all the assets necessary to enable the Group
 Company to carry on its business fully and effectively in the ordinary course as carried
 on up to the present time and no such assets are used wholly or partly for any purpose other
 than its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All
 assets owned or used by each Group Company which are subject to a requirement of licensing
 or registration of ownership, possession or use are duly licensed or registered in its sole
 name.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Nothing
 has occurred or is likely to occur in relation to an asset held by any Group Company, under
 a lease or similar agreement, whereby the rental payable has been, or is likely to be, increased,
 until the date of expiry of the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All
 vehicles owned by each Group Company (including without limitation, company vehicles used
 by any of its employees) are registered in its sole name and are duly licensed and insured
 for all purposes for which they are used, all registration documents relating thereto are
 in its possession, and all necessary goods vehicle operators' licences are held by
 it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 assets registers of each Group Company comprise a complete and accurate record of all machinery,
 equipment and vehicles owned, held or used by it and are capable of being reconciled in respect
 of each item with the book values of such assets in its accounting records, save for items
 which have fully depreciated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) All
 machinery, equipment and vehicles owned or used by each Group Company are in reasonably good
 and safe repair and condition having regard to their respective age, have been regularly
 and properly maintained and is in working order, and none is in a dangerous or (in the case
 of vehicles) unroadworthy condition or in need of renewal or replacement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Where
 relevant, maintenance contracts are in full force and effect in respect of all assets of
 each Group Company which it is normal or prudent to have maintained by independent or specialist
 contractors and which it is obliged to maintain or repair under any hire purchase, leasing,
 rental, insurance or other agreement.

16. *Compliance with leases and other agreements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 terms of all material leases and agreements to which each Group Company is a party have been
 duly complied with by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 such lease or agreement will become subject to avoidance, revocation or be otherwise affected
 upon or in consequence of the making or implementation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) True
 and complete copies of all such leases and agreements have been delivered by the Vendors
 to the Purchaser.

17. *Statutory and other requirements, consents and licences* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each
 Group Company has carried on its business in accordance with applicable laws and regulations
 in its relevant jurisdiction and there is no investigation or enquiry by, or order, decree
 or judgment of, any court or any governmental agency or regulatory body outstanding or anticipated
 against any Group Company or which may have an adverse effect upon any of its assets or business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All
 statutory and other requirements applicable to the carrying on of the business of each Group
 Company as now carried on, and all conditions applicable to any licences and consents involved
 in the carrying on of such business, have been complied with and the Vendors are not aware
 of any breach thereof or of any intended or contemplated refusal or revocation of any such
 licence or consent.

18. *Books and records* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 statutory records, registers and books and the books of account of each Group Company have
 been properly kept, are duly drawn up and maintained in accordance with all legal requirements
 applicable thereto and contain true, full and accurate records of all matters required to
 be dealt with therein and all such books and all records and documents (including documents
 of title and copies of all subsisting agreements to which each Group Company is a party)
 are its property, in its possession or under its control. All accounts, documents and returns
 required to be delivered or made to the Registrar of Companies (or equivalent officer) in
 Singapore have been duly and correctly delivered or made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 Group Company has received any notice of any application or intended application under any
 applicable legislation for the rectification of its statutory records, registers and/or books.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All
 charges in favour of each Group Company have (if appropriate) been registered in accordance
 with the provisions of any applicable legislation.

19. *Options on share capital or assets* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No
 unissued shares or capital of any Group Company are under option or agreed conditionally
 or unconditionally to be placed under option or created or issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There
 is no option, right to acquire, mortgage, charge, pledge, lien or other form of security
 or Encumbrance on, over or affecting the shares or capital in, or any of the assets or businesses
 of, any Group Company and there is no agreement or commitment to give or create any of the
 foregoing.

20. *Intellectual Property Rights* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 Intellectual Property Rights used or required by each Group Company in connection with its
 business (including, without limitation, all and any products manufactured, assembled and/or
 sold or leased or rented by it) are in full force and effect and are vested in and beneficially
 owned by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each
 Group Company has copyright in all drawings and design rights in all designs relating to
 its business (if any) and all such drawings and designs are in its possession and it has
 not supplied copies of any such drawings or designs to any other person, save in the ordinary
 course of its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each
 Group Company does not require any patent, trade or service mark, registered design, copyright,
 design right, licence or other right of any other person in order to manufacture or sell
 or lease its products or to use the processes employed in its business as presently carried
 on and none of the activities of each Group Company infringes any patent or other intellectual
 property of any kind whatsoever of any other person or gives rise to an obligation to pay
 any sum in the nature of a royalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each
 Group Company is the sole beneficial owner of its Intellectual Property Rights (if any),
 and each of those Intellectual Property Rights is valid and enforceable, and none of them
 is being used, claimed, opposed or attached by any other person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No
 right or licence has been granted to any person by any Group Company to use in any manner
 or to do anything which would or might otherwise infringe any of the Intellectual Property
 Rights referred to above; and no act has been done or omission permitted by any Group Company
 whereby such Intellectual Property Rights or any of them have ceased or might cease to be
 valid and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The
 business of each Group Company as now carried on does not and is not likely to infringe any
 Intellectual Property Right of any other person or give rise to a liability pursuant to the
 laws relating to Intellectual Property Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Each
 Group Company has not (otherwise than in the ordinary and normal course of business) intentionally
 disclosed or permitted to be disclosed or undertaken or arranged to disclose to any person
 other than the Purchaser any of its know-how, trade secrets, confidential information, price
 lists or lists of customers or suppliers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Nothing
 has been done or omitted by any Group Company which would enable any licensee under a licence
 granted by it to be terminated or which in any way constitutes a breach of the terms of any
 licence.

21. *Subsidiaries and Associated Companies* 

Save as disclosed to the Purchaser, no Group Company is the legal or beneficial owner or holder of any share nor has any interest of any description in any other corporation and does not have any associated company (being a company which falls to be treated as such for the purposes of the Singapore Accounting Standards and/or the International Financial Reporting Standards).

22. *Property* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Mplus
 Elite Pte. Ltd. is the legal and beneficial owner and has a good and marketable title to
 the leasehold property at 10 Kaki Bukit Avenue 4 #05-65 Premier @ Kaki Bukit Singapore 415874.
 Save for the aforesaid, no Group Company owns any other freehold or leasehold property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Save
 for the property refered to in paragraph 22(a), the properties which are occupied or otherwise
 used by each Group Company in connection with its business are occupied or used under lease,
 the terms of which permit the occupation or use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each
 Group Company has complied and is complying with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all
 permissions, orders and regulations applicable to the properties which it occupies or uses;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all
 applicable statutory and by-law requirements with respect to the properties which it occupies
 or uses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) With
 respect to the properties rented or leased by each Group Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) true,
 complete and correct copies of all leases have been delivered by the Vendors to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each
 Group Company has paid the rent and observed and performed in all material respects the covenants
 on the part of the tenant and the conditions contained in any leases under which the properties
 are held, and all the leases are valid and in full force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all
 licences, consents and approvals required from the landlords under any leases have been obtained
 and the covenants on the part of the tenant contained in the licences, consents and approvals
 have been duly performed and observed in all material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) there
 are no rent reviews under the leases held by any Group Company in progress;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) no
 obligation necessary to comply with any notice or other requirement given by the landlord
 under any leases is outstanding and unobserved or unperformed.

23. *Corporate Matters* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each
 Group Company has been duly incorporated and is validly existing under the laws of its relevant
 jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Vendors are the legal and beneficial owners of the Sale Shares free and clear of any Encumbrance
 and the Company has not exercised any lien over any of its issued shares and there is no
 outstanding call on any of the Sale Shares and all of the Sales Shares are fully paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Sale Shares constitute 54% of all the issued shares in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No
 Group Company has and has ever had any place of business or branch or permanent establishment
 outside its relevant jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No
 Group Company has reduced, repaid or purchased any of its share capital, and there are no
 options or other agreements outstanding which call for the issue of or accord to any person
 the right to call for the issue of any shares in the capital of any Group Company or the
 right to require the creation of any Encumbrance over any shares in its share capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each
 Group Company has complied with its constitution (or the equivalent constitutive documents)
 in all material respects and none of the activities, agreements, commitments or rights of
 any Group Company is *ultra vires* or unauthorised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All
 governmental approvals, licences and authorisations which were necessary in connection with
 the incorporation of each Group Company, the allotment or transfer of shares in each Group
 Company to the present and former holders thereof and the appointment of directors were duly
 obtained and such approvals, licences and authorisations (and of all amendments and supplements
 thereto) have been disclosed to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Save
 as disclosed in the Accounts and save for those debts arising in the ordinary course of business,
 each Group Company shall be free of any debt or liability of any nature whatsoever (whether
 actual, contingent or otherwise) as at the Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each
 Group Company can pay and discharge, or cause to be paid and discharged, all its debts and
 liabilities when they mature or become due or are expressed to be due.

24. *Fees, Commissions and Brokerage* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No
 person is entitled to recover from any Group Company any finders' fees, brokerage or
 other commission in connection with the sale and purchase of the Sale Shares under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 claim or demand for payment of commission, legal or accountancy fees or other payments has
 been or will be made against any Group Company by any person directly or indirectly in connection
 with the negotiations leading to this Agreement.

25. *Computers and Computer Systems* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To
 the best of the Vendor's knowledge and belief, all software used that have been purchased
 by each Group Company on or stored or reside in the computers or computer systems owned by
 each Group Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are
 lawfully held and used and does not infringe the copyright or other Intellectual Property
 Rights of any person and all copies held have been lawfully made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) as
 to the copyright therein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) in
 the case of standard package software purchased outright, are licensed to it on an express
 or implied licence which does not require it to make any further payments (save for ordinary
 fees for maintenance and software support), are not terminable without its consent and which
 imposes no restrictions (save as to copying) on the use or transfer of the software; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) in
 the case of all other software, is licensed to it on the terms of a written licence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 software owned by or licensed to any Group Company is used by or licensed by it to any other
 person, save for any sub-licensing in the ordinary course of business.

26. *Banking and Finance* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Company does not have any bank, building society or other similar account (whether in credit
 or overdrawn) other than the current account(s) at the banks disclosed to the Purchaser and
 details of those accounts, including the overdraft limit thereon and the relevant bank mandates,
 have been disclosed to the Purchaser, and there have been no payments out of or drawings
 against the said accounts except for payment in the ordinary and proper course of business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Save
 as disclosed to the Purchaser, no Group Company has any liabilities in the nature of borrowings
 or in respect of debentures or negotiable instruments other than cheques drawn in the ordinary
 course of business on the bank account(s) referred to in paragraph 26(a) and save as disclosed
 to the Purchaser, no Group Company is a party to any loan agreement, facility letter or other
 agreement for the provision of credit or financing facilities to it or any agreement for
 the sale, factoring or discounting of debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No
 circumstances have arisen which could now (or which could with the giving of notice or lapse
 of time or both) entitle a provider of finance to any Group Company (other than on a normal
 overdraft facility) to call in the whole or any part of the monies advanced or to enforce
 its security, and no provider of finance to it on overdraft facility has demanded repayment
 or indicated that the existing facility will be withdrawn or reduced or
not renewed or that any terms thereof will be altered to its disadvantage. None of each Group Company's credit lines or facilities
or any offers in respect thereof shall be terminated, revoked or reviewed as a consequence of the change in shareholdings upon Completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All
 of each Group Company's borrowings if not already disclosed in writing, are disclosed
 in the Disclosure Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No
 Group Company has engaged in any borrowing or financing Transaction or arrangement which
 does not appear as borrowings in the relevant Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Save
 as disclosed in the Disclosure Letter, no Group Company or any other person has given or
 undertaken to give any security or guarantee for any of its liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No
 Group Company has given or undertaken to give any security or guarantee for any liability
 of any person.

27. *Contracts* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) None
 of the contracts or purported contracts of any Group Company is void, voidable or unenforceable
 by it. No Group Company is in breach of any of its contractual obligations and no other party
 to any contract to which any Group Company is a party is in breach of that contract or is
 unlikely to be able or willing to fulfil its contractual obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 event or omission has occurred or been permitted to arise which would entitle any third party
 to terminate prematurely any contract to which any Group Company is a party or call in any
 money or enforce any obligation before the date on which payment or performance would normally
 be due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each
 Group Company has complete and accurate records of the terms of all contracts to which it
 is a party or by which it is bound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each
 Group Company has provided to the Purchaser all the contracts that the Purchaser wishes to
 inspect.

28. *Customers and Suppliers* 

So far as the Vendors are aware, there has been no express communication by any customer, supplier and/or employee of any Group Company which would indicate that the attitudes, actions or prices of such customer, supplier and/or employee (with regard to the Company) will be prejudicially affected by the execution or completion of this Agreement.

29. *Product Liabilities* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save
 for any condition or warranty implied by law or given in the ordinary course of business,
 no Group Company has given any guarantee, condition or warranty or made any representation
 in respect of goods or services supplied or contracted to be supplied by it or accepted any
 obligation which could give rise to any liability after any such goods or services have been
 supplied by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 Group Company has received notice of any claim which remains outstanding alleging the failure
 to perform, either properly or at all, any services performed or to be performed by any Group
 Company nor are there any circumstances which could give rise to any such claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save
 in the ordinary course of business, no Group Company has agreed to issue a credit note or
 to write off or reduce indebtedness in respect of any goods or services supplied by it.

30. *Insolvency* 

To the best of the Vendors' knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no
 order has been made or petition presented or resolution passed for the winding-up or administration
 of any Group Company, nor are there any grounds on which any person would be entitled to
 have any Group Company wound-up or placed in administration, nor has any person threatened
 to present such a petition or convened or threatened to convene a meeting of any Group Company
 to consider a resolution to wind up any Group Company or any other resolutions, nor has any
 step been taken in relation to any Group Company under the law relating to insolvency or
 the relief of debtors in any part of the world;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no
 distress, execution or other process has been levied on any asset owned or used by any Group
 Company, nor has any person threatened any such distress, execution or other process;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no
 person has appointed or threatened to appoint or become entitled to appoint a receiver or
 receiver and manager or other similar officer of any Group Company's business or assets
 or any part of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no
 Group Company has ceased trading or stopped payment to its creditors and there are no grounds
 on which any Group Company could be found to be unable to pay its debts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no
 composition in satisfaction of the debts of any Group Company, or scheme of arrangement of
 its affairs, or compromise or arrangement between it and its creditors and/or members or
 any class of its creditors and/or members, has been proposed, sanctioned or approved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) no
 event has occurred causing or which upon intervention or notice by any third party may cause

 any Group Company to become enforceable, nor has any such crystallisation occurred nor is
 such enforcement in process; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in
 relation to any property or assets held by any Group Company under any hire purchase, conditional
 sale, chattel leasing or retention of title agreement or otherwise belonging to a third party,
 no event has occurred which entitles, or which upon intervention or notice by a third party
 may entitle, the third party to repossess the property or assets concerned or terminate the
 agreement or any licence in respect of the same.

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**SCHEDULE 3**

**LIMITATION OF LIABILITIES**

The liabilities of the Vendors under this Agreement shall be limited as set out in this Schedule 3. Notwithstanding anything herein to the contrary, the limitations set forth in this Schedule 3 shall not apply to losses incurred by the Purchaser, YY Group and/or any Group Company in connection with or arising from fraud or wilful misrepresentation.

1. <u>Time Limitation for Claims</u> 

The Vendors shall not be liable under this Agreement in respect of any claim unless a claim is made by the Purchaser and/or YY Group:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of any claim that relates to Taxation matters, within a duration of three (3) years
 after the Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of any claim in relation to Fundamental Warranties, there shall be no time limitation
 for such claims; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the case of any other claim, within a duration of eighteen (18) months after the Completion
 Date.

2. <u>Minimum Claims</u> 

2.1 Save
 for any claim in relation to Fundamental Warranties or Taxation matters, the Vendors shall
 not be liable under this Agreement in respect of any individual claim (or a series of claims
 arising from substantially identical facts or circumstances) where the liability agreed or
 determined in respect of any such claim or series of claims does not exceed S$100,000.

2.2 The
 Vendors shall not be liable for any claim under this Agreement unless and until the aggregate
 amount of losses which may be recovered by the Purchaser and/or YY Group equals or exceeds
 S$200,000 (the "**Basket** "), in which case the Vendors shall be liable for
 the aggregate amount of losses including the amount of the Basket, provided that the aggregate
 amount which may be recovered from the Vendors shall not exceed S$650,000.

3. <u>Contingent Liabilities</u> 

The Vendors shall not be liable for any claim in respect of any liability which is contingent unless and until such contingent liability becomes an actual liability and is due and payable, but this paragraph 3 shall not operate to avoid a claim made in respect of a contingent liability within the time limit specified in paragraph 1.

4. <u>Losses</u> 

The Vendors shall not be liable for any claim in respect of any loss of profit, loss of goodwill or any indirect or consequential losses.

5. <u>Provisions</u> 

The Vendors shall not be liable for any claim if and to the extent that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) proper
 allowance, provision or reserve is made in the Accounts or Management Accounts of any Group
 Company for the matter giving rise to the claim; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Warranties are qualified by the disclosures set out in the Disclosure Letter.

6. <u>Matters Arising Subsequent to this Agreement</u> 

The Vendors shall not be liable for any claim if and to the extent that the claim has arisen as a result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Agreed Matters</u>: any matter or thing done or omitted to be done pursuant to and in compliance
 with this Agreement or any other document referred to or contemplated in this Agreement or
 otherwise at the request in writing or with the approval in writing of the Purchaser and
 YY Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Acts of the Purchaser and/or YY Group</u>: any act, omission or transaction of the Purchaser and/or
 YY Group, or any of their respective directors, officers, employees or agents or successors
 in title, after Completion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Changes in Laws</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 passing of, or any change in, after the Completion, any law, rule, regulation or administrative
 practice of any government, governmental department, agency or regulatory body including
 (without prejudice to the generality of the foregoing) any increase in the rates of Taxation
 or any imposition of Taxation or any withdrawal of relief from Taxation not actually (or
 prospectively) in effect at the Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 change after the Completion Date of any generally accepted interpretation or application
 of any legislation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any
 change after the Completion of any generally accepted accounting principles, procedure or
 practice; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Accounting and Taxation Policies</u>: any change in accounting or Taxation policy, bases or practice
 of any Group Company introduced or having effect after the Completion Date unless such changes
 are required to correct errors made prior to the Completion Date.

7. <u>Insurance</u> 

The Vendors shall not be liable for any claim if and to the extent that the losses in respect of which the claim is made (i) are covered by a policy of insurance or (ii) would have been covered if the policies of insurance for the benefit of the relevant Group Company in force at the Completion Date had been maintained after Completion on no less favourable terms.

8. <u>Net Financial Benefit</u> 

The Vendors shall not be liable for any claim in respect of any losses suffered by the Purchaser, YY Group or any Group Company (as the case may be) if and to the extent that the Purchaser, YY Group and/or any Group Company (as the case may be) receives any corresponding savings or net quantifiable financial benefit arising directly from such losses or the facts giving rise to such losses (for example where the amount (if any) by which any Taxation for which the Purchaser, YY Group and/or the relevant Group Company would otherwise have been accountable or liable to be assessed is actually reduced or extinguished as a result of the matter giving rise to such liability).

9. <u>Right to Recover</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Vendors shall not be liable to pay an amount in discharge of any claim unless and until the
 liability for which the claim is made has become due and payable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the Vendors have paid
 an amount in discharge of any claim and subsequently the Purchaser, YY Group and/or any Group Company is entitled to recover
 (whether by payment, discount, credit, relief, insurance or otherwise) from a third party a sum which indemnifies or compensates the
 Purchaser, YY Group and/or the relevant Group Company (in whole or in part) for the loss or liability which is the subject matter of
 the claim, the Purchaser, YY Group and/or the relevant Group Company shall procure that all steps are taken as the Vendors may
 reasonably require to enforce such recovery and shall ensure that the Purchaser, YY Group and/or the relevant Group Company pay to
 the Vendors as soon as practicable after receipt an amount equal to (i) any sum recovered from the third party less any costs and
 expenses incurred in obtaining such recovery less any Taxation attributable to the recovery after taking account of any tax relief
 available in respect of any matter giving rise to the claim; or if less (ii) the amount previously paid by the Vendors to the
 Purchaser, YY Group and/or the relevant Group Company less any Taxation attributable to it.

10. <u>No double recovery and no double counting</u> 

The Purchaser and YY Group may not recover for breach of or under this Agreement or otherwise more than once in respect of the same losses suffered and no amount (including any relief) (or part of any amount) shall be taken into account, set off or credited more than once for breach of or under this Agreement or otherwise, with the intent that there will be no double counting for breach of or under this Agreement or otherwise.

11. <u>Mitigation</u> 

The Purchaser, YY Group or the Group Companies (as the case may be) shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate any losses which in the absence of mitigation might give rise to a liability for any claim for breach of or under this Agreement, provided that the Purchaser, YY Group and the Group Companies shall be indemnified by the Vendors as to all costs and expenses which the Purchaser, YY Group and the Group Companies may reasonably incur by reason of such action.

12. <u>Cure Period</u> 

If a breach of the Agreement is capable of remedy, the Purchaser, YY Group or the relevant Group Company (as the case may be) shall only be entitled to compensation if it gives the Vendors written notice of the breach and the breach is not remedied to the satisfaction of the Purchaser, YY Group or the relevant Group Company (as the case may be) within 30 days after the date on which such notice is served on the Vendors.

13. <u>Forecasts</u> 

The Purchaser and YY Group acknowledge and agree that no statement, promise or forecast made by or on behalf of the Vendors may form the basis of any claim by the Purchaser and/or YY Group under or in connection with this Agreement or any document contemplated in this Agreement. In particular, no representation or warranty is made as to the accuracy of any forecasts, estimates, projections, statements of intent or opinion provided to the Purchaser, YY Group or their respective representatives on or before the date of this Agreement.

14. <u>Claims</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notice
 of any claim shall be given by the Purchaser, YY Group or the relevant Group Company (as
 the case may be) to the Vendors within the time limits specified in paragraph 1 of this Schedule
 and shall not be valid unless it specifies reasonable information in relation to the legal
 and factual basis of the claim and the evidence on which the Purchaser, YY Group or the relevant
 Group Company (as the case may be) relies (including, where the claim is the result of or
 in connection with a Third Party Claim, evidence of the Third Party Claim) and setting out
 an estimate of the amount of losses which is, or is to be, the subject of the claim (including
 any losses which are contingent on the occurrence of any future event).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any
 claim by the Purchaser, YY Group or the relevant Group Company (as the case may be) against
 the Vendors shall (if it has not been previously satisfied, settled or withdrawn) be deemed
 to be irrevocably withdrawn twelve months after the notice is given unless legal proceedings
 in respect of the claim have been commenced by being both issued and served.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In
 connection with any matter or circumstance that may give rise to a claim:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 Purchaser and YY Group shall allow, and shall procure that the Group Companies allow, the
 Vendors and their respective financial, accounting or legal advisers to investigate the matter
 or circumstance alleged to give rise to the claim and whether and to what extent any amount
 is payable in respect of such claim; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 Purchaser, YY Group or the relevant Group Company (as the case may be) shall disclose to
 the Vendors all material of which it is aware which relates to the claim and shall, and shall
 procure that the Group Companies shall, give all such information and assistance, including
 access to premises and personnel, making such personnel available for factual interviews,
 preparation for testimony, giving evidence, producing affidavits and other similar activities,
 and the right to examine and copy or photograph any assets, accounts, documents and records,
 as the Vendors or their respective financial, accounting or legal advisers may reasonably
 request.

15. <u>Conduct of third party claims</u> 

If the matter or circumstance that may give rise to a claim is a result of or in connection with a Third Party Claim, then provided that the Vendors shall indemnify the Purchaser, YY Group and the Group Companies against all costs and expenses that may be reasonably incurred by them:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Purchaser, YY Group or the relevant Group Company (as the case may be) shall consult with
 the Vendors in relation to the conduct of the Third Party Claim and shall take reasonable
 account of the views of the Vendors before taking any action in relation to the Third Party
 Claim;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no
 admissions in relation to the Third Party Claim shall be made by or on behalf of the Purchaser,
 YY Group or the relevant Group Company (as the case may be) and the Third Party Claim shall
 not be compromised, disposed of or settled without the written consent of the Vendors (such
 consent not to be unreasonably withheld or delayed); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Purchaser, YY Group or the relevant Group Company (as the case may be) shall take such action
 as the Vendors may reasonably request to avoid, dispute, deny, defend, resist, appeal, compromise
 or contest the Third Party Claim.

**SCHEDULE 4**

**SHAREHOLDERS AGREEMENT**

**Dated <u>_______________</u>**

**Shareholders' Agreement**

**Mediaplus Venture Group Pte. Ltd.**

(Company)

**The persons whose names and particulars are set out in Schedule 1**

(Shareholders)

**Contents**

---

| | | |
|:---|:---|:---|
| **1** | **Definitions and interpretation** | **1** |
| **2** | **General** | **6** |
| **3** | **The Board** | **7** |
| **4** | **Proceedings of Directors** | **8** |
| **5** | **Shareholder and Board Reserved Matters** | **10** |
| **6** | **Accounting and Information Rights** | **11** |
| **7** | **Issue of New Securities** | **11** |
| **8** | **Transfer of Shares** | **12** |
| **9** | **Buy Out** | **16** |
| **10** | **Restrictive Covenants** | **16** |
| **11** | **Event of Default** | **18** |
| **12** | **Representations and Warranties** | **19** |
| **13** | **Termination** | **19** |
| **14** | **Announcements and Confidentiality** | **20** |
| **15** | **Shareholders' Agreement to prevail** | **21** |
| **16** | **Costs and expenses** | **21** |
| **17** | **Assignment** | **21** |
| **18** | **Remedies and waivers** | **22** |
| **19** | **Time of essence** | **22** |
| **20** | **Further assurance** | **22** |
| **21** | **Counterparts** | **22** |
| **22** | **Entire Agreement** | **23** |
| **23** | **Notices** | **23** |
| **24** | **Illegality** | **23** |
| **25** | **Variations** | **24** |
| **26** | **No fetter on the Company's powers** | **24** |
| **27** | **Third party rights** | **24** |
| **28** | **Governing law and jurisdiction** | **2**4 |
| **Schedule 1 – The Shareholders** | **Schedule 1 – The Shareholders** | **26** |
| **Schedule 2 – Reserved Matters** | **Schedule 2 – Reserved Matters** |  |

---

i

**Shareholders' Agreement (this "Agreement")**

**Dated _________________ ("Effective Date") Between:**

(1) **Mediaplus Venture Group Pte. Ltd.** (Company Registration No. 202432781E), a company incorporated in Singapore whose registered office is at
10 Kaki Bukit Avenue 4, #05-65, Premier @ Kaki Bukit, Singapore 415874 (the "**Company** ");

**AND**

(2) **Teo Kai Jie** and **Tan Lee Yoen** (the "**Founders** "), and **Mediaplus Limited** (the "**Investor** "),
being the persons whose names and particulars are set out in Schedule 1 (collectively, the "**Shareholders** ");

(collectively, the **Parties** and each, a **Party**).

**Recitals**

---

| | |
|:---|:---|
| A | The Parties have entered into a share purchase agreement dated <u>____________</u> 2024 (the "**Share Purchase Agreement**"), pursuant to which the Founders has agreed, *inter alia*, to transfer in aggregate 5,400 Shares (as defined below) to the Investor. |

---

B This Agreement is entered into for the purposes of regulating the relationship between the Founders and the Investor, as shareholders of the Company and setting out the rights and obligations of the Parties in respect of the Company.

**It is agreed**

---

| | |
|:---|:---|
| **1** | **Definitions and interpretation** |

---

1.1 **Definitions** 

Capitalised words used in this Agreement shall have the meanings given to them in the Share Purchase Agreement, unless otherwise provided herein. In this Agreement the following definitions apply:

"**Accepting Shareholder**" has the meaning ascribed to it in Clause 9.4.

"**Act**" means the Companies Act 1967 of Singapore, as amended or modified from time to time. "**Active Founder**" means a Founder who is employed by any Group Company as an employee.

"**Affiliate**" with respect to any Person, means any other Person, that directly or indirectly, Controls, is Controlled by, or is under common Control with, that first-mentioned Person, and for the avoidance of doubt, where such Person is an individual, the expression "**Affiliate**" shall also include the parents, spouse, children (including step-children), siblings, uncles, aunts, cousins, nephews, nieces, grandparents, grandchildren and half-siblings of such individual.

"**Annual Budget**" means has the meaning ascribed to it in Schedule 2.

"**Applicable Laws**" means, with respect to any Person, any and all applicable constitutions, treaties, statutes, laws, by-laws, regulations, ordinances, codes, rules, rulings, judgments, rules of common law, orders, decrees, awards, injunctions or any form of decisions, determinations or requirements of or made or issued by, governmental, statutory, regulatory, administrative, supervisory or judicial authorities or bodies (including without limitation, any relevant stock exchange or securities council) or any court, arbitrator or tribunal with competent jurisdiction, whether in Singapore or elsewhere, as amended or modified from time to time, and to which such Party is subject.

"**Board**" means the board of directors for the time being of the Company.

"**Board Reserved Matters**" means those matters as set out in Part B of **Schedule 2**.

"**Business**" means the business of web design and development and digital marketing, and such other business as the Shareholders may agree from time to time.

"**Company Offer Period**" has the meaning ascribed to it in Clause 9.2;

"**Competitor**" means any person engaging or operating, directly or indirectly (including through any partnership, limited liability company, corporation, joint venture or similar arrangement (whether now existing or formed hereafter)), the business activities and/or the provision of services and/or products that are substantially similar to the Business in any relevant jurisdiction where the Business is undertaken by the Group.

"**Confidential Information**" means (a) the existence and contents of this Agreement, any other agreement or arrangement contemplated by this Agreement; (b) any information which is proprietary and confidential to the Group, or any of the Parties, including but not limited to information concerning or relating in any way whatsoever to its business or other arrangements, principals, any of the trade secrets or confidential operations, processes or inventions carried on or used by the Group or any of the Parties; (c) any information concerning the organisation, business, finances, transactions or affairs of the Group or any of the Parties, its dealings, secret or confidential information which relates to its business or any of its principals', clients' or customers' transactions or affairs, its documentation, employment and other contracts, manuals, budgets, financial statements or information, accounts, dealers' lists, customer lists, supplier lists, leases, marketing studies, drawings, notes, memoranda and the information contained therein; (d) any information therein in respect of trade secrets, technology and technical or other information relating to the development, manufacture, analysis, marketing, sale or supply or proposed development, manufacture, analysis, marketing, sale or supply of any products or services by the Group or any of the Parties, and plans for the development or marketing of such products or services; and (e) information and material which is either marked confidential or is by its nature intended to be exclusively for the knowledge of the recipient alone.

"**Constitution**" means the constitution of the Company from time to time.

"**Control**" means in respect of a first Person, possession by another Person or group of other Persons, acting jointly or in concert, directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of the management and policies of such first Person, or to elect a majority of the members of the board of directors or to appoint trustees of such first Person, whether through ownership of voting securities, by contract, by virtue of provisions contained in organisational documents or otherwise; and for greater certainty and without limitation, a Person is deemed Controlled by another Person if: (i) the second Person owns securities (other than by way of security only), directly or indirectly, of the first Person entitling the second Person to exercise more than 50% of the votes exercisable at any meeting of that first Person, together with the right to elect a majority of the directors (or individuals performing a similar function or occupying a similar position) of the first Person; (ii) the first Person is a partnership, other than a limited partnership, and the second Person holds more than 50% of the interests or units of the partnership or the right to exercise more than 50% of the votes exercisable at any meeting of partners of that partnership; (iii) the first Person is a limited partnership and the second Person is the general partner of the limited partnership or Controls the general partner of the limited partnership; or (iv) the first Person is a trust and the second Person is the owner, directly or indirectly, of more than 50% of the voting securities of its trustee, if the latter is a legal Person, or in other cases, possess, directly or indirectly, the power to appoint its sole trustee or a majority of its trustees, or in either case, owns, directly or indirectly, more than 50% of its trust units or beneficiaries interest. For the avoidance of doubt, a general partner is deemed to control a limited partnership and a fund or investment holding company whose funds are advised or managed directly or indirectly by a Person or by any fund management entity whose management is controlled directly or indirectly by the current management of that Person shall also be deemed to be Controlled by such Person.

"**Defaulting Shareholder**" has the meaning ascribed to it in Clause 12.1.

"**Deed of Adherence**" means a deed of ratification and accession substantially in the form set out in Schedule 3.

"**Directors**" mean the directors of the Company from time to time.

"**Electing Tag Right Holder**" has the meaning ascribed to it in Clause 9.9;

"**Encumbrance**" means any mortgage, charge (fixed or floating), pledge, hypothecation, lien, assignment by way of security, title retention, option, right to acquire, right of pre-emption, right of set off, counterclaim, trust arrangement or any other security, preferential right, equity or restriction, and any agreement to give or create any of the foregoing.

"**Event of Default**" has the meaning ascribed to it in Clause 12.1.

"**Financial Year**" means the financial year commencing from 1 January and ending on 31 December.

"**Founder Directors**" has the meaning ascribed to it in Clause 3.1(a).

"**Group**" or "**Group Companies**" means the Company and its Subsidiaries, and "**Group Company**" means any of them.

"**Immediate Family Member**" means, in relation to a Person who is a natural person, such person's spouse, child, stepchild or siblings.

"**Interest**" includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 relation to any Shareholder, any direct or indirect financial or commercial interest of that
 Shareholder or its Affiliates arising from any existing or proposed arrangement, contract,
 litigation or other proceedings between any Group Company or any of its Subsidiaries on the
 one hand and that Shareholder and any of its Affiliates on the other; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 relation to any Director, any interest of the Shareholder who appointed him (or its Affiliates)
 and/or any interest required to be disclosed by the Director under the Act or any Applicable
 Laws.

"**Investor Directors**" has the meaning ascribed to it in Clause 3.1(b).

"**Non-Defaulting Shareholder**" has the meaning ascribed to it in Clause 12.2(a).

"**Offer Notice**" has the meaning ascribed to it in Clause 9.2.

"**Offered Shareholders**" has the meaning ascribed to it in Clause 9.3.

"**Oversubscribing Accepting Shareholder**" has the meaning ascribed to it in Clause 9.4;

"**Permitted Transferee**" has the meaning ascribed to it in Clause 9.15.

"**Person**" means any individual, sole proprietorship, partnership, limited partnership, limited liability company, firm, joint venture, estate, trust, unincorporated organisation, association, corporation, institution, public benefit corporation, entity or governmental or regulatory authority or other enterprise or entity of any kind or nature.

"**Potential Purchaser**" has the meaning ascribed to it in Clause 15.3.

"**Pro Rata Share**" in respect of any Shareholder, means the ratio of (i) all Shares (calculated on a fully diluted basis) held by such Shareholder, to (ii) the total number of Shares (calculated on a fully diluted basis) held by all Shareholders who are entitled to such right pursuant to the relevant provision under this Agreement, which for the avoidance of doubt, refers to (a) all Shareholders for the purpose of Clause 7, and (b) all Offered Shareholders for the purpose of Clause 9.

"**Purchaser**" has the meaning ascribed to it in Clause 9.2.

"**Put Option Notice**" means the notice in the form set out in Schedule 4.

"**Put Purchase Price**" has the meaning ascribed to it in Clause 10.1

"**Qualified IPO**" means an initial public offering and listing of the Shares on the Singapore Exchange Securities Trading Limited, Hong Kong Exchanges and Clearing Limited, London Stock Exchange, Alternative Investment Market on the London Stock Exchange, New York Stock Exchange, National Association of Securities Dealers Automated Quotations, Australian Securities Exchange or such other internationally recognised stock exchange.

"**Related Party Transactions**" means any arrangement, contract or transaction between (a) any Group Company; and (b) a Founder, any Director or any Shareholder of the Company, or any of their Affiliates, save for any employment or service agreements entered into between a Founder or a Director and the Company.

"**Remaining Transfer Shares**" has the meaning ascribed to it in Clause 9.5.

"**Rights Offer**" has the meaning ascribed to it in Clause 8.1.

"**Rights Offer Notice**" has the meaning ascribed to it in Clause 8.1.

"**ROFR Notice**" has the meaning ascribed to it in Clause 9.4.

"**ROFR Offer Period**" has the meaning ascribed to it in Clause 9.3.

"**S$**" means Singapore Dollar, the lawful currency of Singapore.

"**Sale Shares**" has the meaning ascribed to it in Clause 10.1;

"**Selling Shareholder**" has the meaning ascribed to it in Clause 9.2.

"**Shareholders**" means any Person holding any Shares who are parties to this Agreement or who have executed a Deed of Adherence, and "**Shareholder**" means any of them.

"**Shareholder Reserved Matters**" means those matters as set out in Part A of **Schedule 2**.

"**Shares**" means ordinary shares in the capital of the Company.

"**SIAC**" has the meaning ascribed to it in Clause 29.2.

"**SIAC Rules**" has the meaning ascribed to it in Clause 29.2.

"**Stamp Duty Documents**" means the working sheet computing the net asset value per Share and/or such other documents as may be prescribed by the Inland Revenue Authority of Singapore for the purposes of assessing the stamp duty payable on a transfer of Shares from time to time.

"**Subsidiaries**" mean those companies which are subsidiaries of the Company as defined by the Act.

"**Tag Calculation Notice**" has the meaning ascribed to it in Clause 9.10;

"**Tag Exercise Notice**" has the meaning ascribed to it in Clause 9.9;

"**Tag Offer Period**" has the meaning ascribed to it in Clause 9.9;

"**Tag Right Holder**" has the meaning ascribed to it in Clause 9.9;

"**Terms**" has the meaning ascribed to it in Clause 9.2.

"**Transfer Documents**" has the meaning ascribed to it in Clause 9.7;

"**Transfer Price**" has the meaning ascribed to it in Clause 9.2.

"**Transfer**" in relation to a Share includes whether directly or indirectly (a) a sale, assignment or transfer; (b) creating or permitting to subsist any Encumbrance; (c) creating any trust or conferring any interest; (d) any agreement, arrangement or understanding in respect of votes or the right to receive dividends; (e) the renunciation or assignment of any right to subscribe or receive a Share or any legal or beneficial interest in a Share other than to an Affiliate; or (f) any agreement to do any of the above, except an agreement to transfer Shares which is conditional on compliance with the terms of this Agreement.

"**Transfer Shares**" has the meaning ascribed to it in Clause 9.2.

"**YY Group**" means YY Group Holding Limited and its subsidiaries, including the Investor.

1.2 Interpretation

In this Agreement, unless otherwise specified:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) unless
 the context otherwise requires, words importing the singular shall include the plural and *vice versa*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 pronoun shall include the corresponding masculine, feminine and neuter forms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) dates
 and times are to Singapore time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) reference
 to any statute, bye-law, regulation, rule, delegated legislation or order is to any statute,
 bye-law, regulation, rule, delegated legislation or order as amended, modified or replaced
 from time to time and to any statute, bye-law, regulation, rule, delegated legislation or
 order replacing or made under any of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) references
 to any Clause or Schedule are to those contained in this Agreement and all Schedules to this
 Agreement are an integral part of this Agreement, and have the same force and effect as if
 expressly set out in the main body of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) headings
 are for ease of reference only and shall not be taken into account in construing this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "**in writing**" means any visible reproduction including any communication made by letter
 or email, and **written** shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "**Business Day**" means a day (other than a Saturday, Sunday or gazetted public holiday) on
 which banks are open for normal banking business in Singapore;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 thing or obligation to be done under this Agreement which is required or falls to be done
 on a stipulated day, shall be done on the next succeeding Business Day, if the day upon which
 that thing or obligation is required or falls to be done falls on a day which is not a Business
 Day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "**agreement** "
 means any agreement or commitment whether conditional or unconditional and whether by deed,
 under hand, oral or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) "**including** "
 and "**in particular**" shall be construed as being by way of illustration
 or emphasis only and shall not be construed as, nor shall they take effect as, limiting the
 generality of any preceding words;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) "**other** "
 and "**otherwise**" shall not be construed *ejusdem generis* with any
 foregoing words where a wider construction is possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) "**law** "
 includes any legislation, any common or customary law, constitution, decree, judgment, order,
 ordinance, treaty or other legislative measure in any jurisdiction and any directive, request,
 requirement, guidance or guideline (in each case, whether or not having the force of law
 but, if not having the force of law, compliance with which is in accordance with the general
 practice of Persons to whom the directive, request, requirement, guidance or guideline is
 addressed);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) "**fully diluted**" means on the basis of the total number of outstanding Shares assuming
 all convertible securities are converted or exchanged and all rights, options or warrants
 to subscribe for or acquire Shares are exercised and including all Shares reserved or authorised
 for future issuance or grant under any equity incentive, share option or similar plan of
 the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) where
 the consent or approval of an Investor Director is required to be obtained under this Agreement
 and the Investor does not exercise or has not exercised the right to appoint Investor Director,
 the consent or approval of the Investor shall be obtained instead.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Any
 reference to "**procure**" shall mean an absolute obligation (and not a reasonable
 obligation) to cause or bring about.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) References
 to "**holding company**" shall have the meaning ascribed to it in the Act.

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| | |
|:---|:---|
| **2** | **General** |

---

2.1 The
 Parties agree that Group Companies shall undertake the Business and such other commercial
 activities as may be agreed by the Parties from time to time in accordance with the provisions
 of this Agreement.

2.2 Subject
 to the Act and save as otherwise agreed by all the Shareholders, in respect of each Financial
 Year in which the Group Companies record net profits after tax, the Board and the Shareholders
 shall declare and distribute up to 80% of the net profits after tax of the Group Companies
 as dividends. The dividends shall be paid out to all Shareholders in proportion to their
respective shareholding in the Company.

2.3 The
 Parties agree that all bank accounts of the Group Companies shall be managed and operated
 as follows:

<u>Group Companies in Singapore</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;**Approval by** |
| &nbsp;&nbsp;Below S$20,000 | &nbsp;&nbsp;Teo Kai Jie |
| &nbsp;&nbsp;S$20,000 to S$100,000 | &nbsp;&nbsp;Teo Kai Jie and Jason Phua jointly |
| &nbsp;&nbsp;Above S$100,000 | &nbsp;&nbsp;Teo Kai Jie and Mike Fu jointly |

---

<u>Group Companies in Malaysia</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;**Approval by** |
| &nbsp;&nbsp;Below RM 20,000 | &nbsp;&nbsp;Tan Lee Yoen |
| &nbsp;&nbsp;RM20,000 to RM100,000 | &nbsp;&nbsp;Tan Lee Yoen and Jason Phua jointly |
| &nbsp;&nbsp;Above RM100,000 | &nbsp;&nbsp;Tan Lee Yoen and Mike Fu jointly |

---

2.4 In
the event that any of the Founders has provided personal guarantee as security for any credit facility of any Group Company, the Parties
agree:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 procure the Company to replace such personal guarantee(s) with other form of security acceptable
 to the bank or financial institution (as the case may be); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 as long as such personal guarantee subsists, the Company shall indemnify the relevant Founder
 from and against any losses in connection with or arising from the personal guarantee.

2.5 The
 Investor undertakes in favour of the Company and the Founders that it shall procure YY Group
 to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) allow
 the Group Companies to use the office premises of YY Group for no charge, provided that such
 office premises is able to accommodate the employees of the Group, as determined by the Investor
 in its sole discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) share
 resources, including human resource, systems and equipment, with the Group Companies for
 no charge.

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| | |
|:---|:---|
| **3** | **The Board** |

---

3.1 The
 Board shall consist of not more than four (4) Directors of which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Founders shall collectively be entitled to appoint two (2) individuals as Director (the "**Founder Directors** "), provided that each Founder Director shall be an Active Founder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Investor shall be entitled but not obliged to appoint up to two (2) individuals as Directors
 (the "**Investor Directors** ");

3.2 Subject
 to Applicable Laws, the Company shall enter into indemnification agreement (if not already
 in place) in favour of each Director on terms acceptable to the Directors.

3.3 Any
 appointment or removal of a Director pursuant to Clause 3.1 shall be made in writing and
 be signed by or on behalf of the relevant Party and shall be delivered to the registered
 office for the time being of the Company.

3.4 A
 Director shall be entitled at any time and from time to time to appoint any Person to act
 as his alternate and to terminate the appointment of such Person and in that connection the
 provisions of the Constitution shall be complied with. Such alternate director shall be entitled
 while holding office as such to receive notices of meetings of the Board and to attend and
 vote as a Director at any such meetings at which the Director appointing him is not present
 and generally to exercise all the powers, rights, duties and authorities and to perform all
 functions of his appointor. Further, such alternate director shall be entitled to exercise
 the vote of the Director appointing him at any meetings of the Board and if such alternate
 director represents more than one Director, such alternate director shall be entitled to
 one vote for every Director he represents.

3.5 Each
 of the Shareholders (to the extent legally permissible) shall exercise all its voting rights
 for the time being in the Company to give effect to appointment of Directors designated by
 the relevant Parties in accordance with Clause 3.1 above and to prevent the passing of any
 resolutions to remove any Director so appointed.

3.6 The
 chairman shall be such Director as may from time to time be nominated by the Investor Director
 (if appointed). Subject to Clause 6.1(b), the chairman is entitled to a second or casting
 vote at any meeting of the Board.

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| | |
|:---|:---|
| **4** | **Proceedings of Directors** |

---

4.1 The
 Board shall meet as frequently as is necessary to discharge its duties but in any case the
 chairman of the Board shall convene Board meetings on a quarterly basis unless decided otherwise
 by the Board.

4.2 At
 least seven (7) Business Days' written notice of each Board meeting shall be given
 to each Director (wherever he may be) unless where more than a majority of the Directors
 agree to shorter notice. The notice shall be accompanied by an agenda of all the business
 to be transacted at the meeting. Any matter not on the agenda may not be raised at the meeting
 unless all the Directors agree in writing.

4.3 If
 there is more than one (1) Director appointed, the quorum at meetings of the Board shall
 be a simple majority of the Directors and shall include at least one (1) Investor Director
 (if appointed). If a quorum is not present half an hour from the time appointed for the holding
 of a meeting of the Board when it is first convened, the meeting shall be adjourned to the
 date falling seven (7) days later at the same time and place and the quorum for that adjourned
 meeting shall be a simple majority of the Directors and shall include at least one (1) Investor
 Director (if appointed) *.* At such adjourned meeting, if a quorum is not present half
 an hour from the time appointed for the holding of the adjourned meeting, the meeting shall
 be dissolved. Notice of each adjourned meeting shall be given to all Directors.

4.4 Subject to Clause 6.1, a
 written resolution circulated to all Directors which is signed or approved by a simple majority of Directors, which shall include at
 least all Investor Directors in office at such time, entitled to receive notice of a meeting of Directors, or of a committee of the
 Board, shall be as valid and effectual as if it had been passed at a meeting of Directors or (as the case may be) a committee of the
 Board duly called and constituted. Any written resolution may be contained in one document or in several documents in like form,
 each signed or approved by one or more of the Directors concerned. For the purposes of this Clause 4.4, the approval of a Director
 may be given by letter, fax or electronic mail.

4.5 A
 meeting of the Directors may consist of a conference between Directors some or all of whom
 are in different places provided that each Director who participates is able:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 hear each of the other participating Directors addressing the meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 he so wishes, to address all of the other participating Directors simultaneously,

whether directly, by telephone conference or by any other form of communications equipment (whether or not in use when this Agreement was executed) or by a combination of those methods.

4.6 Subject
 to Clause 6.1, at any Board meeting, each Director shall have one (1) vote and decisions
 at Board meetings shall be taken by a simple majority of Directors present and voting.

4.7 Subject
 to Applicable Laws and disclosure of the nature and extent of his Interest, a Director may
 vote as a Director on any resolution concerning any matter in which he has, directly or indirectly,
 an Interest and, if he votes, his vote shall be counted and he shall be counted in the quorum
 when that resolution or matter is under consideration.

4.8 All
 reasonable fees and expenses incurred by the Directors in connection with their attendance
 at Board meetings and in connection with the carrying out of their duties and obligations
 as Directors shall be borne by the Company.

4.9 Subject
 to the provisions of Clause 5 and except if inconsistent with Applicable Law (including in
 respect of Directors' duties), if any matter to be considered or voted upon at a Board meeting
 relates to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 Group Company enforcing its rights or taking any action against a Shareholder (or its Affiliates,
 as the case may be) in relation to any matter arising under any agreement entered into between
 any Group Company and the relevant Shareholder (or its Affiliates, as the case may be); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Company defending itself against any action taken against it by a Shareholder (or its Affiliates,
 as the case may be),

then that matter shall be considered at a separate meeting or meetings of the Board, and the Directors appointed by the relevant Shareholder shall not be entitled to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) attend
 or participate in any discussion of that matter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) receive
 information or advice received by the relevant Group Company on such matter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) vote
 (or be counted in the quorum at a meeting) in relation to such matter,

provided that if no Investor Director has been appointed, the matter shall be considered and voted upon at a general meeting.

4.10 Subject
 to the Constitution and Clause 5, the Board may delegate such functions of the Board to such
 committees as it deems appropriate, provided that such committee shall include at least one
(1) Founder Director and the Investor Directors (if appointed).

---

| | |
|:---|:---|
| **5** | **Shareholder and Board Reserved Matters** |

---

5.1 Subject
 to the provisions of the Act as to special resolutions, special notice and agreement for
 shorter notice, and to the provisions of the Constitution, a general meeting of the Company
 shall be called by not less than fourteen (14) days' notice in writing.

5.2 The
 quorum at any general meeting shall at all times be such number of Shareholders who hold
 not less than 50% of the total Shares (on a fully diluted basis), present in Person or by
 proxy. If a quorum is not present half an hour from the time appointed for the holding of
 a general meeting when it is first convened, the meeting shall be adjourned to a day falling
 within fourteen (14) days of the initial general meeting at the same time and place. At such
 adjourned meeting, if a quorum is not present half an hour from the time appointed for the
 holding of the adjourned meeting, the meeting shall be dissolved. Notice of each adjourned
 meeting shall be given to all Shareholders.

5.3 Subject
 to Clause 6.1, all questions arising at a general meeting of the Company shall, unless otherwise
 required by the Act and this Agreement, be decided by way of a simple majority vote of the
 Shareholders present and voting on a poll.

5.4 To
 the fullest extent permitted by law, the Shareholders may participate in a general meeting
 of the Company by means of a conference telephone or similar communications equipment by
 means of which all Persons participating in the meeting can hear one another, without a Shareholder
 being in the physical presence of another Shareholder or Shareholders, and participation
 in a meeting pursuant to this Clause shall constitute presence in Person at such meeting.

5.5 Subject
 to the provisions of the Act and compliance with all Applicable Laws and regulations relating
 to shareholders' resolutions in writing and save for any Shareholder Reserved Matters:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company may pass any Shareholders' resolutions by written means.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 Shareholders holding the requisite majority of the issued and paid-up Shares to pass the
 relevant resolution have given the Company their formal agreement to the resolutions in accordance
 with the Act and any Applicable Laws (including by electronic copy, facsimile, cable or telex
 communication), then the resolution shall be as valid and effectual as if it had been passed
 at a general meeting of the Shareholders duly convened and held. Any such resolution may
 consist of several documents in like form, each signed by one or more Shareholders.

---

| | |
|:---|:---|
| **6** | **Reserved Matters** |

---

6.1 Notwithstanding
 any other provisions in this Agreement, the Parties agree that none of the Group Companies
 shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) do
 or commit to undertake any of the Shareholder Reserved Matters set out in Part A of **Schedule 2** (or do anything which is analogous to or has a substantially similar effect to any
 of such matters) without the prior written approval from Shareholders holding not less than
 75% of the total Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) do
 or commit to undertake any of the Board Reserved Matters set out in Part B of **Schedule 2** (or do anything which is analogous to or has a substantially similar effect to any
 of such matters) without the affirmative vote of at least one (1) of the Founder Directors
 and at least one (1) of the Investor Directors (if appointed).

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| | |
|:---|:---|
| **7** | **Accounting and Information Rights** |

---

7.1 The
 Parties agree that each of the Group Companies shall maintain an accounting and control system,
 management information system and books of account and other records, which together adequately
 reflect truly and fairly the financial condition of the relevant Group Company and the results
 of its operations. All financial statements of the Group Companies shall be prepared in conformity
 with Singapore Financial Reporting Standards (International).

7.2 The
 Parties agree that each Group Company shall maintain an independent firm of chartered accountants
 of international repute as its auditors.

7.3 The
 Parties agree that each Group Company shall, at its own cost, prepare and provide to each
 Shareholder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) annual
 unaudited consolidated financial statements, including the profit and loss statement, cash
 flow statement, balance sheets and business operations, and management report, within thirty
 (30) days following the end of the relevant Financial Year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) quarterly
 unaudited consolidated financial statements, including the profit and loss statement, cash
 flow statement, balance sheets and business operations, and management report, within forty-five
 (45) days of the end of the relevant quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) at
 least sixty (60) days prior to the end of each Financial Year, the business plan and projected
 financial statements for the next Financial Year, which shall include monthly forecasts;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 other financial or other information that may be reasonably requested by any Shareholder.

7.4 Upon
 a Shareholder's request, the Parties agree that each Group Company shall allow reasonable
 access to representatives of the Shareholder, during normal office hours, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) visit
 any of the premises where its business is conducted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) inspect
 all facilities and equipment used in its business; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) inspect
 and take copies of all the books, accounts and financial records of the relevant Group Company
 for the sole purpose of auditing or valuing the relevant Group Company,

provided that such reasonable access pursuant to this Clause 7.4 does not result in undue disruption of the Business and operations of the relevant Group Company.

---

| | |
|:---|:---|
| **8** | **Issue of New Securities** |

---

8.1 Subject
 to compliance with Clause 6 and save as provided in Clause 8.6 below, in the event the Company
 wishes to allot and issue any new Shares, the Company shall offer such new Shares (such offer
 a "**Rights Offer**") to each Shareholder based on its Pro Rata Share. The
 Board shall serve a written notice (the "**Rights Offer Notice**") to the
 Shareholders specifying (a) the number and type of new Shares offered to the Shareholder
 pursuant to the Rights Offer, (b) the price and
terms of the Rights Offer, and (c) any proposed third party subscriber(s) of the new Shares.

8.2 Each
 Shareholder may accept and subscribe for any of the new Shares to which it is entitled pursuant
 to the Rights Offer (up to its Pro Rata Share of such new Shares) by giving written notice
 to the Company within fifteen (15) Business Days of the date of the Rights Offer Notice,
 and may, subject to Clause 8.4, nominate its Affiliate to accept and subscribe for any such
 new Shares on its behalf. If a Shareholder does not serve its acceptance notice in accordance
 with this Clause, it shall be deemed to have declined the Rights Offer.

8.3 The
 Board may, for a period of three (3) months thereafter, at its discretion, offer the new
 Shares which were not accepted or were deemed to have been declined under the Rights Offer,
 at a price and on terms no more favourable to the proposed third party subscriber(s) specified
 in the Rights Offer Notice. In the event that the Company has not allotted and issued such
 new Shares within the said three (3) month period, then the Company shall not thereafter
 allot and issue any such new Shares without again first offering such new Shares to the Shareholders
 pursuant to this Clause 8.

8.4 Subject
 to the requirements of Clauses 8.1 to 8.3 and the provisions of Section 161 of the Act, any
 new Shares shall be at the disposal of the Board who may allot, grant options over or otherwise
 dispose of them to such Persons, at such times and on such terms as they think proper.

8.5 The
 Company shall not issue any new Shares to any Person, unless that Person is a party to this
 Agreement or has executed and delivered a Deed of Adherence under which that Person shall
 agree to be bound by this Agreement as if an original party hereto.

8.6 The
 Rights Offer shall not apply to (a) the allotment and issuance of new Shares in connection
 with a Qualified IPO, or (b) the allotment and issuance of new Shares pursuant to subdivisions,
 share dividends or bonus issues (other than in cash) provided that in each case Clause 6
 has been complied with.

---

| | |
|:---|:---|
| **9** | **Transfer of Shares** |

---

9.1 Subject
 to Clause 9.15, each Shareholder undertakes to the other Parties that it shall not Transfer
 or otherwise dispose of the whole or any part of its interest in over any Shares to any Person
 within thirty-six (36) months from the date of this Agreement.

9.2 Subject
 to Clauses 9.1, 9.15 and 10, if a Shareholder (the "**Selling Shareholder** ")
 wishes to Transfer all or some of its Shares (the "**Transfer Shares**") to
 a *bona fide* purchaser (the "**Purchaser** "), the Selling Shareholder
 must issue a notice to the Company and all other Shareholders (an "**Offer Notice** ")
 identifying the Purchaser, the price and terms on which the Transfer Shares are proposed
 to be sold to the Purchaser (respectively, the "**Transfer Price**" and "**Terms** ").
 The Offer Notice shall constitute an irrevocable offer by the Selling Shareholder to sell
 all the Transfer Shares to the Company (to the fullest extent allowed under Applicable Laws)
 and the other Shareholders (in the event the Company does not exercise its right to purchase
 the Transfer Shares). Such offer shall be open for acceptance by the Company for a period
 of fifteen (15) Business Days from the issue of the Offer Notice ()"**Company Offer Period** "). In the event the Company exercises its right to purchase the Transfer
 Shares within the Company Offer Period, the Company shall indicate its decision to the Selling
 Shareholder and the Selling Shareholder shall be compelled to sell the Transfer Shares to
 the Company within fifteen (15) Business Days after the Company has obtained all requisite
 approvals under the Act, the Constitution and any Applicable Law to acquire the Transfer
 Shares.

9.3 In the event that the
 Company does not exercise its right to purchase the Transfer Shares within the Company Offer Period, the Transfer Shares shall be
 deemed to be offered by the Selling Shareholder to all other Shareholders other than the Selling Shareholder (the "**Offered Shareholders**") based on their respective Pro Rata Share. Such offer shall be open for acceptance by each Offered
 Shareholder for a period of fifteen (15) Business Days after the Company Offer Period has expired (the "**ROFR Offer Period** ").

9.4 If
 any Offered Shareholder wishes to buy any of the Transfer Shares, at the Transfer Price and
 on the Terms, the provisions of this Clause 9.4 shall apply. Within the ROFR Offer Period,
 if any Offered Shareholder accepts the offer (an "**Accepting Shareholder** ")
 to acquire, whether by itself and/or through any of its Affiliates, all or any of its Pro
 Rata Share of the Transfer Shares at the Transfer Price and on the Terms stated in the Offer
 Notice, the Accepting Shareholder shall forthwith give notice in writing (the "**ROFR Notice**") to the Selling Shareholder of such acceptance. In the event that the Accepting
 Shareholder wishes to acquire more than its Pro Rata Share of the Transfer Shares, such Accepting
 Shareholder (each, an "**Oversubscribing Accepting Shareholder**") shall also
 give notice of the same in the ROFR Notice, stating the number of additional Transfer Shares
 that it proposes to acquire (beyond its Pro Rata Share of the Transfer Shares). If an Offered
 Shareholder does not serve its ROFR Notice in accordance with this Clause, it shall be deemed
 to have declined to subscribe for its entitlement to the Transfer Shares pursuant to the
 Offer Notice.

9.5 Following
 the expiry of the ROFR Offer Period, in the event that any Offered Shareholder does not exercise
 its rights to purchase its Pro Rata Share of the Transfer Shares, the number of Transfer
 Shares not accepted by the Offered Shareholders (the "**Remaining Transfer Shares** ")
 shall be deemed to be offered by the Selling Shareholder to all Oversubscribing Accepting
 Shareholders.

9.6 If,
 as a result of the Oversubscribing Accepting Shareholders indicating in their respective
 ROFR Notices their desire to acquire additional Transfer Shares beyond their respective Pro
 Rata Share, the number of Shares that the Oversubscribing Accepting Shareholders wish to
 purchase exceeds the total number of the Remaining Transfer Shares available for purchase,
 each Oversubscribing Accepting Shareholder shall be allocated such number of Remaining Transfer
 Shares equal to the product obtained by multiplying (i) the number of the Remaining Transfer
 Shares available for purchase by (ii) a fraction the numerator of which is the number of
 Shares (on a fully diluted basis) held by each Oversubscribing Accepting Shareholder and
 the denominator of which is the total number of Shares (on a fully diluted basis) held by
 all the Oversubscribing Accepting Shareholders provided that no allocation shall be made
 to an Oversubscribing Accepting Shareholders of more than the maximum number of Transfer
 Shares which it has stated it is willing to acquire. Each Oversubscribing Accepting Shareholder
 shall be obligated to buy such number of additional Remaining Transfer Shares as allocated
 by the Selling Shareholder pursuant to this Clause 9.6 and the Selling Shareholder shall
 so notify the Accepting Shareholders within ten (10) Business Days of the date of expiry
 of the ROFR Offer Period. Any Accepting Shareholder which does not indicate in their ROFR
 Notice their desire to acquire additional Transfer Shares beyond its Pro Rata Share of the
 Transfer Shares in the manner set out in Clause 9.4 shall be deemed to have declined the
 offer to purchase the Remaining Transfer Shares.

9.7 If
 any Accepting Shareholder accepts the offer in accordance with Clause 9.4 or Clause 9.6,
 the Selling Shareholder shall be bound to transfer the relevant portion of Transfer Shares
 to the Accepting Shareholder (free from all Encumbrances and with all rights and advantages
 attaching thereto, by the delivery of duly executed transfer forms together with the share
 certificates in respect of such Transfer Shares and, if required by the purchasers, the Stamp
 Duty Documents ()"**Transfer Documents** ")) within ten (10) Business Days after
 the Transfer Shares have been allocated to the Accepting Shareholders. The Accepting Shareholder
 shall be bound to make payment to the Selling Shareholder of the Transfer Price for the Transfer Shares
at the same time as delivery of the Transfer Documents by the Selling Shareholder.

9.8 If
the Selling Shareholder, after having become bound as aforesaid, defaults in transferring the Transfer Shares to the Accepting Shareholder(s):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company may receive the relevant Transfer Price from the Accepting Shareholder(s) and the
 Company's receipt of the Transfer Price shall be a good discharge to the Accepting Shareholder(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Selling Shareholder shall be deemed to have appointed any Director or secretary of the Company
 as its agent to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) execute,
 complete and deliver, in the name and on behalf of the Selling Shareholder, all agreement,
 documents and/or instruments necessary to transfer the Transfer Shares to the Accepting Shareholder(s)
 against payment of the Transfer Price to the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (subject
 to the transfer being duly stamped) enter the name of the Accepting Shareholder(s) in the
 electronic register of members as the holder(s) of the relevant Transfer Shares. After the
 relevant number of Transfer Shares has been entered against the Accepting Shareholder's name
 in the electronic register of members of the Company in purported exercise of the aforesaid
 power, the validity of the proceedings shall not be questioned by any Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company shall hold the purchase money on trust for the Selling Shareholder (without interest)
 until the Selling Shareholder has delivered to the Company the relevant share certificate(s)
 in respect of the Transfer Shares (or a duly executed indemnity for lost certificate in a
 form acceptable to the Board); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 defaulting Selling Shareholder shall indemnify and keep the Directors and or secretary of
 the Company harmless against any claim and/or losses that they may suffer in connection with
 them complying with this Clause.

9.9 Subject
 to Clauses 9.15 and 10, after the Selling Shareholder has gone through the right of first
 refusal process set out in Clauses 9.2 to 9.8 above, any Shareholder who has elected not
 to exercise its rights of first refusal in Clause 9.2 to 9.8 above ()"**Tag Right Holder** ")
 shall be entitled to notify the Selling Shareholder that it wishes to sell a certain number
 of Shares held by it at the proposed Transfer Price by sending a notice (a "**Tag Exercise Notice**") to the Selling Shareholder within seven (7) Business Days after
 expiry of the ROFR Offer Period (such period, the "**Tag Offer Period** ").
 The Tag Exercise Notice shall specify the number of Shares which such Tag Right Holder wishes
 to sell (such Tag Right Holder, an "**Electing Tag Right Holder** "). For the
 avoidance of doubt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the event the total number of Shares proposed to be sold by the Electing Tag Right Holders
 and the Selling Shareholder is greater than the number of Shares that the Purchaser is willing
 to purchase, then the number of Shares to be sold by each of the Electing Tag Right Holders
 and Selling Shareholder shall be proportionately reduced in accordance with their respective
 shareholder percentage inter se; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 any of the Tag Right Holders does not send a Tag Exercise Notice within the Tag Offer Period,
 such Tag Right Holder shall be deemed to have specified that it does not wish to sell any
 Shares.

9.10 Within five (5) Business
 Days after the expiry of the Tag Offer Period, the Selling Shareholder shall send a written notice (a "**Tag Calculation Notice**") to all the Electing Tag Right Holders (with a copy to the Company) informing each Electing Tag Right Holder of
 the number of Shares which it is entitled to sell under Clause 9.9, which, for the avoidance of doubt, shall not be more than the
 maximum number of Shares indicated in such Electing Tag Right Holder's Tag Exercise Notice.

9.11 Following
 the expiry of the Tag Offer Period or the delivery of the Tag Calculation Notice (as applicable),
 within three (3) months of the date of expiry of the ROFR Offer Period, the Selling Shareholder
 shall be entitled to sell the Remaining Transfer Shares to the Purchaser less any Shares
 which the Electing Tag Right Holders are entitled to sell as set out in the Tag Calculation
 Notices, provided that at the same time the Purchaser purchases from such Electing Tag Right
 Holders the number of Shares that they are respectively entitled to sell on terms no less
 favourable than those obtained by the Selling Shareholder from the Purchaser except that
 the Selling Shareholder may provide certain representations, warranties, covenants and indemnities
 in relation to the Company as it so wishes.

9.12 The
 Parties agree that no Transfer of Shares by a Shareholder shall be registered by the Board
 unless such Transfer is in accordance with the provisions of this Clause (if applicable)
 and the transferee of such Shares has executed and delivered a Deed of Adherence under which
 that transferee shall agree to be bound by this Agreement as if an original party hereto.
 The transferor of the Shares shall remain and continue to be liable and be responsible for
 the discharge, observance and performance of all its liabilities and obligations, whether
 actual or contingent, arising out of or in connection with this Agreement, and shall remain
 entitled to all accrued rights and benefits arising out of or in connection with the Shares,
 at any time up to and including the date of the Transfer of the Shares. Upon the transferor
 of the Shares transferring all of its Shares, it shall procure the immediate resignation
 of its nominees, if any, to the Board.

9.13 Save
 as provided in Clause 10, any Transfer of Shares in breach of this Clause 9 shall be void
 and the Company shall be entitled to refuse to register the relevant instruments of transfer.

9.14 Notwithstanding
 anything to the contrary in this Agreement, the Parties hereby agree that there shall be
 no Transfer of Shares by a Shareholder to a Competitor, without the prior written consent
 of the Board, which shall include the consent of the Founder Directors and all of the Investor
 Directors, provided that if no Investor Director has been appointed, the prior written consent
 of the other Shareholders shall be obtained.

9.15 Clauses
 9.1 to 9.11 shall not apply in the case of a transfer of all or part of the Shares owned
 by any Shareholder to its Affiliates or Immediate Family Member (whether in connection with
 transmission of Shares by operation of law or otherwise) (each such transferee, a "**Permitted Transferee**") provided that such Permitted Transferee (if not already bound by the
 provision of this Agreement) shall execute a Deed of Adherence. Following a transfer of Shares
 to a Permitted Transferee, the original transferring Shareholder (but not a subsequent transferor
 in a series of transfers to Permitted Transferees) shall remain party to this Agreement and
 shall be jointly and severally liable with the Permitted Transferee under this Agreement
 as a Shareholder in respect of the transferred Shares.

9.16 If,
 at any time after a transfer of Shares is effected by a Shareholder to its Permitted Transferee,
 such transferee ceases to be a Permitted Transferee of the transferring Shareholder, it shall
 be the duty of the transferring Shareholder and such transferee to notify the Board in writing
 that such event has occurred and both the transferring Shareholder and such transferee shall
 jointly and severally undertake to procure and ensure that all (and not some only) of the
 Shares held by such transferee are immediately transferred to the transferring Shareholder
 or another Permitted
Transferee of the transferring Shareholder.

---

| | |
|:---|:---|
| **10** | **Buy Out** |

---

10.1 In
 consideration of the Founders agreeing to be bound by the terms of this Agreement, the Investor
 agrees that, during the period of ninety (90) days immediately after the third anniversary
 of this Agreement, any of the Founders may require the Investor to acquire his/her Shares
 by delivering a Put Option Notice to the Investor. The Put Option Notice shall stipulate
 the number of Shares that the relevant Founder wishes to sell to the Investor ()"**Sale Shares**") as well as the purchase price for the Sale Shares as computed in accordance
 with Clause 10.2 below ()"**Put Purchase Price** "). The Sale Shares shall be
 free from any Encumbrance and shall be sold with all rights attaching to them as at the date
 of the Put Option Notice. The Investor shall be obligated to acquire the Sale Shares from
 the relevant Founder within thirty (30) days from the date of delivery of the Put Option
 Notice. On the date of completion of the Transfer of the Sale Shares, the relevant Founder
 shall, against payment of the Put Purchase Price by the Investor, deliver to the Investor
 duly executed instrument of transfer in respect of the Sale Shares as well as the share certificate
 of the Sale Shares.

10.2 The
 Put Purchase Price shall be computed in the following manner:

---

| | | | | |
|:---|:---|:---|:---|:---|
| The higher of (i) S$2,000,000 or (ii) the consolidated net assets value of the Company as at the most recently completed Financial Year prior to the Put Option Notice | x | Shareholding percentage represented by the Sale Shares | = | Put Purchase Price |

---

---

| | |
|:---|:---|
| **11** | **Restrictive Covenants** |

---

11.1 Restrictive
 Covenants of the Founders

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each
 Founder hereby severally undertakes and covenants with the Investor and the Company that
 he shall not, in any Relevant Capacity, directly or indirectly, during the Relevant Period,
 carry on, be engaged in or be economically interested in any business in any of the Relevant
 Territories, which is of the same or similar type to the Business or which is in competition
 with the Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each
 Founder hereby severally undertakes and covenants with the Investor and the Company that
 he shall not, in any Relevant Capacity, directly or indirectly, during the Relevant Period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) solicit
 with a view to the employment or engagement of, or employ or engage, any Relevant Personnel,
 whether as employee or consultant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) otherwise
 induce or persuade, or seek to induce or persuade, any Relevant Personnel to leave or terminate
 his/its employment, service or engagement with any Group Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) do
 or say anything which may lead to any Person ceasing to do business with the Company on substantially
 the same terms as previously (or at all);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) entice
 away from, or seek to entice away from, the Company or solicit any Person, firm or company
 who was a client, customer, supplier, agent or distributor of the Company with whom he shall
 have been engaged or involved by virtue of his duties during the Relevant Period in competition
 with or to the detriment
of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) have
 any dealings with any Person, firm or company who was a client, customer, supplier, agent
 or distributor of the Company with whom he shall have been engaged or involved by virtue
 of his duties during the Relevant Period in competition with or to the detriment of the Company.

11.2 Reasonableness

Each restriction set out in this Clause 11 is separate and distinct and is to be construed separately from the other restrictions. Each Founder hereby acknowledges and agrees that he considers such restrictions to be reasonable both individually and in the aggregate and that the duration, extent and application of each such restriction are no greater than are reasonable and necessary for the protection of the interest of the other Shareholders and the Group or the goodwill of the businesses of the Group Companies. However, if any such restriction shall be found to be void or unenforceable but would be valid or enforceable if some part or parts thereof were deleted or reduced in application, each Founder and the other Parties agree that such restriction shall apply with such deletion or modification as may be necessary to make it valid and enforceable.

11.3 Exclusions

Nothing contained in this Clause precludes or restricts a Founder from holding or having an interest in the shares or other securities of a company traded on a recognised securities exchange so long as such shares or other securities is not more than 5% of the issued share capital of the company or the relevant class of securities.

11.4 Definitions

For the purpose of this Clause 11:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "**Relevant Capacity**" means for his own account or for that of any Person, firm or company
 (other than any Group Company) and whether through the medium of any company controlled by
 him or as principal, partner, director, employee, consultant or agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "**Relevant Period**" means, in relation to each Founder, the period during which such Founder
 is and remains a Shareholder and for a period of twelve (12) months after such Founder ceases
 to be a Shareholder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "**Relevant Personnel**" means, in relation to each Founder, any Person who is or was during
 the Relevant Period, employed at a managerial or senior level, or engaged as a consultant,
 by any Group Company, and with whom such Founder shall have had dealings during the Relevant
 Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "**Relevant Territories"** means Singapore, Malaysia or any other countries and territories in
 which the Group has operations.

11.5 This
 Clause shall survive the termination of this Agreement.

---

| | |
|:---|:---|
| **12** | **Event of Default** |

---

12.1 An
 "**Event of Default**" shall be deemed to have occurred in respect of a Shareholder
 (the "**Defaulting Shareholder**") under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Defaulting Shareholder commits a material breach of its obligations under this Agreement
 and, in the case of a breach capable of remedy, fails to remedy it within sixty (60) days
 of being specifically required in writing to do so by any of the other Shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Defaulting Shareholder (being a Founder) voluntarily resigns from his/her employment with
 any Group Company prior to the third anniversary of the date of this Agreement. For the avoidance
 of doubt, the Founders shall not be regarded as having committed an Event of Default if his/her
 employment is terminated in any of the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) death,
 disability or serious illness of the relevant Founder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) act
 of God (being any event beyond the reasonable control of the relevant Founder and which does
 not relate to, or arise by reason of, default or negligence of the relevant Founder) which
 renders impossible or materially hinders or prohibits the relevant Founder's employment
 or service with the relevant Group Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) termination
 without cause of his/her employment by the relevant Group Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Defaulting Shareholder (or its holding company) is adjudged bankrupt or insolvent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) a
 petition is filed, or an order made, or an effective resolution passed, for the compulsory
 or voluntary winding-up or dissolution of the Defaulting Shareholder (or its holding company
 as the case may be but excluding for the purposes of a solvent amalgamation, reorganisation
 or reconstruction in respect of which the prior written consent of a simple majority of the
 Shareholders has been obtained) or any proceedings analogous to winding-up proceedings are
 begun in any jurisdiction in relation to it or if it suspends payment of, or is unable to
 or admits inability to pay, its debts as they fall due or makes any special arrangement or
 composition with creditors generally or any class of its creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) if
 an administrator, administrative receiver, receiver or trustee or similar official is appointed
 over the whole, or a material part, of the property, assets or undertaking of the Defaulting
 Shareholder (or its holding company, as the case may be) or if it applies for, or consents
 to, any such appointment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all
 or substantially all of the property, assets or undertakings of the Defaulting Shareholder
 (or its holding company, as the case may be) is seized, nationalised, appropriated or compulsorily
 purchased by or under the authority of any government; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in
 the case of Shareholder which is a corporate entity, any change of Control involving that
 Shareholder.

12.2 Upon
 the occurrence of an Event of Default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company and/or Defaulting Shareholder shall notify each of the other Shareholders (each,
 a "**Non-Defaulting Shareholder**") as soon as reasonably practicable and
 in any event, no later than three (3) Business Days of the date of occurrence of the Event
 of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) at
 the written request of any Non-Defaulting Shareholder, the Shareholders shall within seven
 (7) days after the date of such request, hold a meeting in Singapore and negotiate in good
 faith to resolve or remedy the Event of Default; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all
 rights of the Defaulting Shareholder under this Agreement (including, without limitation:
 (i) the Defaulting Shareholder's right to vote at any meeting of the Shareholders;
 (ii) the right of the Director(s) nominated by the Defaulting Shareholder to vote at any
 meeting of the Board or any committee thereof; (iii) any requirement for the affirmative
 vote of the Defaulting Shareholder or the Director(s) nominated by the Defaulting Shareholder
 to approve any Shareholder Reserved Matter or Board Reserved Matter (as the case may be);
 and (iv) any right of the Defaulting Shareholder to receive dividends or other distributions
 in respect of its Shares) shall be suspended until the relevant Event of Default has been
 remedied to the reasonable satisfaction of the Non-Defaulting Shareholders.

---

| | |
|:---|:---|
| **13** | **Representations and Warranties** |

---

13.1 Each
 Party represents, warrants and undertakes to the other Parties that as at the Effective Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (in
 respect of corporations only) it is duly incorporated and validly existing under its laws
 of incorporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has the legal right and full power and authority to enter into, execute, deliver and perform
 this Agreement, which when executed will constitute valid and binding obligations on it,
 in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 execution and delivery of, and the performance by it of its obligations under this Agreement
 do not and will not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) result
 in a breach of any provision of its constitution or equivalent constitutional document of
 it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) result
 in a breach of Applicable Laws or of any order, judgment or decree of any court, tribunal,
 governmental agency or regulatory body to which it is a party or by which it or any of its
 assets is bound, whether in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) result
 in a breach of, or give any third party a right to terminate or modify, or result in the
 creation of any Encumbrance under, any agreement, licence or other instrument or result in
 a breach of; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) there
 are no litigation, arbitration or administrative proceeding against it that is current or
 pending or, to the best of its knowledge after making all due and proper enquiries, threatened,
 which would restrain the entry into, exercise of its rights under and/or performance or enforcement
 of, or compliance with its obligations under this Agreement.

---

| | |
|:---|:---|
| **14** | **Termination** |

---

14.1 The
 term of this Agreement shall continue in full force until terminated by operation of law
 or by mutual agreement of the Company and the Shareholders or in accordance with Clause 14.2 below.

14.2 This
 Agreement shall terminate upon the earlier of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company consummating a Qualified IPO;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (in
 relation to each Shareholder) if all of the Shares held by such Shareholder are sold and
 transferred, including pursuant to Clause 10;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) upon
 the liquidation or the making of an order for the winding up of the Company (other than for
 the purpose of reconstruction or amalgamation);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 date on which all the Shareholders agree in writing to terminate this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 date of registration of a transfer of Shares resulting in all the issued Shares being held
 by or on behalf of one (1) Shareholder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the
 consummation or any reorganisation, merger or consolidation involving another corporation,
 in which the Shareholders cease to own Shares.

14.3 Determination
 of this Agreement howsoever occurring shall be without prejudice to the rights, obligations
 and liabilities of any Party accrued prior to the termination and Clauses 11 and 14 to 28
 (other than Clause 21) of this Agreement shall continue to be enforceable notwithstanding
 termination of this Agreement.

---

| | |
|:---|:---|
| **15** | **Announcements and Confidentiality** |

---

15.1 Subject
 to Clauses 15.2 and 15.3, each Party undertakes to the other Parties that unless the prior
 written consent of the other Parties shall first have been obtained for disclosure by a Party
 of any Confidential Information, it shall (and shall procure that its representatives shall):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) keep
 confidential and shall not by failure to exercise due care or otherwise by any act or omission
 disclose to any Person whatever, or use or exploit for its or their own purposes, any of
 the Confidential Information of the other Parties which it has or acquires; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) make
 every effort to prevent the disclosure, use or exploitation of Confidential Information.

15.2 The
 consent referred to in Clause 15.1 shall not be required for disclosure by a Party of any
 Confidential Information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) which
 is disclosed to its officers, employees, professional advisers, shareholders and Affiliates
 strictly to the extent required to enable such Party to carry out its obligations under this
 Agreement provided that such recipient of the information shall in each case be made aware
 by the disclosing Party of its obligations under this Agreement and shall be required by
 such Party to observe the same restrictions on the use of the relevant information as are
 contained in Clauses 15.1 and 15.4, subject to the same exceptions as are contained in this
 Clause 15.2;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) subject
 to Clause 15.4, to the extent required by Applicable Laws or by any governmental or regulatory
 authority to which such Party is or may become subject or pursuant to any order of any court,
 authority or tribunal with competent jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) which
 is in the public domain otherwise than by breach of this Agreement by such Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) which
 is disclosed to such Party by a third party who is not in breach of any undertaking or duty
 as to confidentiality whether express or implied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) which
 that Party lawfully possessed prior to obtaining it from the disclosing Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) to
 the other Party to this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) pursuant
 to the terms of this Agreement.

15.3 Clause
 15.1 shall not prohibit disclosure of any information by a Shareholder for the purpose of
 effecting a sale of Shares if such disclosure is made to a third party which had entered
 into *bona fide* discussions with the Shareholder to purchase such Shares (the "**Potential Purchaser** "), or to the professional advisers or financiers of the Potential Purchaser,
 and if the Potential Purchaser and such professional advisers or financiers (as the case
 may be) agree to keep such information confidential on terms which are reasonable for the
 protection of the interests of the Group by the execution of confidentiality agreements in
 favour of the Company.

15.4 If
 a Party is required, in circumstances contemplated by Clause 15.2(b), to disclose any information,
 such Party shall (unless prohibited by law) promptly give to the other Parties such notice
 of such disclosure and shall co-operate with the other Parties, having due regard to the
 other Parties' views, and take such steps as the other Parties may reasonably require in
 order to enable it to mitigate the effects of such disclosure.

15.5 For
 the avoidance of doubt, the Parties agree that the Investor shall be allowed to generally
 disclose that it has invested in the Company. In the event the Investor intends to release
 any specific announcement in connection with its investment in the Company, it shall seek
 the prior approval of the Founders on the announcement.

---

| | |
|:---|:---|
| **16** | **Shareholders' Agreement to prevail** |

---

16.1 If
 any provisions of the Constitution conflict with any provisions of this Agreement, the provisions
 of this Agreement, as between the Shareholders, shall prevail. The Shareholders shall procure
 that the necessary amendments are made to the Constitution to reflect the terms of this Agreement
 and to remove any such conflict.

---

| | |
|:---|:---|
| **17** | **Costs and expenses** |

---

17.1 Each
 Party will be responsible for its own costs and expenses (including any taxes) in relation
 to the negotiation, preparation, execution and implementation of this Agreement and all documents
 ancillary to them.

---

| | |
|:---|:---|
| **18** | **Assignment** |

---

18.1 Assignment

Subject to Clause 18.2, each Party may not assign, hold in trust or otherwise transfer any rights or benefits under this Agreement, without the prior written consent of the other Parties.

18.2 Affiliates

The Parties hereby agree that the Investor shall be entitled to assign any rights or benefits under this Agreement to its Affiliate.

18.3 Assignee
 rights

Subject to and upon any assignment permitted by this Agreement, any assignee of the Parties shall in its own right be able to enforce any term of this Agreement in accordance with its terms as if it were a Party, but until such time any such assignee of the Parties shall have no such rights whether as a third party or otherwise.

---

| | |
|:---|:---|
| **19** | **Remedies and waivers** |

---

19.1 No
 waiver or discharge

No breach by a Party of any provision of this Agreement shall be waived or discharged except with the express written consent of the other Parties.

19.2 Effect
 of failure or delay

No failure or delay by any Party in exercising any right, power or privilege under this Agreement shall operate as a waiver of that right, power or privilege nor will any single or partial exercise by any Party of any right, power or privilege shall preclude any further exercise of that right, power or privilege or the exercise of any other right, power or privilege. Further, nothing in this Agreement shall be deemed to be a waiver of any Party's rights hereunder or in respect of any continuing or subsequent default or breach or non-observance or non-performance on the part of any Party so as to defeat or affect in any way that Party's rights in respect of any continuing or subsequent default or breach or non-observance or non-performance.

19.3 Rights
 and remedies cumulative

The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights and remedies provided by law or otherwise.

19.4 Inadequacy
 of Damages

Without prejudice to any other rights or remedies that any Party may have, the Parties acknowledge and agree that damages alone would not be an adequate remedy for any breach of the terms of this Agreement. Accordingly, any Party shall be entitled to the remedies of injunctions, specific performance or other suitable relief for any threatened or actual breach of this Agreement.

---

| | |
|:---|:---|
| **20** | **Time of essence** |

---

20.1 Time
 is of the essence in this Agreement.

---

| | |
|:---|:---|
| **21** | **Further assurance** |

---

21.1 Each
 Party shall, and shall use all reasonable endeavours to procure that any necessary third
 party shall, execute and deliver such documents and perform such acts as may reasonably be
 required for the purpose of giving full effect to this Agreement.

---

| | |
|:---|:---|
| **22** | **Counterparts** |

---

22.1 Number
 and effectiveness of counterparts

This Agreement may be executed in any number of counterparts. Any Party may enter into this Agreement by executing any counterpart but this Agreement shall not be effective until each Party has executed at least one counterpart.

22.2 One
 instrument

Each counterpart shall constitute an original of this Agreement but all the counterparts together constitute the same instrument.

---

| | |
|:---|:---|
| **23** | **Entire Agreement** |

---

23.1 This
 Agreement contains the entire agreement between the Parties relating to the transactions
 contemplated by this Agreement and supersedes all previous agreements, whether oral or in
 writing, between the Parties relating to transactions contemplated by this Agreement.

---

| | |
|:---|:---|
| **24** | **Notices** |

---

24.1 Any
 notice or other communication to be given under this Agreement must be in writing (which
 includes electronic mail) and must be delivered or sent by post or electronic mail to the
 Party to whom it is to be given at its address appearing below and in **Schedule 1** of
 this Agreement:

<u>The Company</u>

Address: 10 Kaki Bukit Avenue 4, #05-65, Premier @ Kaki Bukit, Singapore 415874

Email address: ivan@mediaplus.com.sg / tracy@mediaplus.com.sg

Attention: Board of directors

or at any such other address of which it shall have given notice for this purpose to the other Parties under this Clause. Any notice or other communication sent by post shall be sent by prepaid registered post or registered airmail with an internationally recognised courier, specifying next day delivery, in the case of international service.

24.2 Any
 notice or other communication shall be deemed to have been given:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 delivered by hand or courier, on the date of delivery; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 sent by post, on the second Business Day after it was put into the post; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 sent by electronic mail, at the time that it is received in the recipient's inbox.

24.3 In
 proving the giving of a notice or other communication, it shall be sufficient to prove that
 delivery was made or that the envelope containing the communication was properly addressed
 and posted by prepaid registered post or registered airmail or that the email was properly
 addressed and transmitted.

---

| | |
|:---|:---|
| **25** | **Illegality** |

---

If at any time any provision of this Agreement is or becomes invalid, illegal or unenforceable in any respect under the law of any jurisdiction, that shall not in any way affect or impair:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 validity, legality or enforceability in that jurisdiction of any other provision of this
 Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 validity, legality or enforceability under the law of any other jurisdiction of that or any other
provision of this Agreement.

---

| | |
|:---|:---|
| **26** | **Variations** |

---

26.1 Any
 variation of this Agreement (or of any of the documents referred to in this Agreement) shall
 be valid and binding on all Parties if it is in writing and signed by all the Parties.

The expression "**variation**" shall include any amendment, supplement, deletion or replacement however effected.

26.2 Unless
 expressly agreed, no variation shall constitute a general waiver of any provisions of this
 Agreement, nor shall it affect any rights, obligations or liabilities under or pursuant to
 this Agreement which have already accrued up to the date of variation, and the rights and
 obligations of the Parties under or pursuant to this Agreement shall remain in full force
 and effect, except and only to the extent that they are so varied.

---

| | |
|:---|:---|
| **27** | **No fetter on the Company's powers** |

---

Notwithstanding any other provision in this Agreement, any provision herein that expressly or impliedly purports to bind the Company in a manner which constitutes an unlawful fetter on its statutory powers shall not be construed to have such effect, and the Company shall be deemed to be excluded from such provision, provided that such provision (for the avoidance of doubt, including any provision under which the Company would purportedly have been jointly and severally liable with any other Party, but for this Clause 27) shall continue to apply in full force and effect in respect of any other Party which it expressly or impliedly binds.

---

| | |
|:---|:---|
| **28** | **Third party rights** |

---

28.1 Save
 as provided in Clauses 18, the Parties do not intend that any term of this Agreement shall
 be enforceable solely by virtue of the Contracts (Rights of Third Parties) Act 2001 of Singapore
 by any Person who is not a party to this Agreement.

---

| | |
|:---|:---|
| **29** | **Governing law and jurisdiction** |

---

29.1 This
 Agreement and any non-contractual obligation arising out of or in connection with this Agreement
 shall be governed by, and construed in accordance with, the laws of Singapore.

29.2 Any
 dispute among the Parties arising out of or in connection with this Agreement including any
 question regarding its existence, validity or termination or in the performance thereof shall
 be referred to and finally resolved by mutually binding arbitration administered by the Singapore
 International Arbitration Centre ()"**SIAC**") in accordance with the Arbitration
 Rules of the Singapore International Arbitration Centre ()"**SIAC Rules** ")
 for the time being in force, which rules are deemed to be incorporated by reference in this
 clause. The seat of the arbitration shall be Singapore. The arbitral tribunal shall consist
 of three (3) arbitrators to be appointed by the President of the Court of Arbitration for
 the time being of the SIAC. The language of the arbitration shall be English. Notwithstanding
 the provisions of Clause 24, any notice of arbitration, response, or other communication
 given to or by a Party to the arbitration must be given and deemed received in accordance
 with the SIAC Rules.

**Schedule 1 – The Shareholders**

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**No.** | **(A)**<br>**Name and Identification Number** | **(B)**<br>**Address** | **(C)**<br>**Email Address** | **(D)**<br>**Number of Shares** |
| 1 | Teo Kai Jie<br>(NRIC No. S8208716H) | 2E Green Lane, Singapore 438897 | ivan.teokj@gmail.com | 4324 |
| 2 | Tan Lee Yoen<br>(Identity No. 841228135806) | Lot 14385 Lorong Interhill 14D Serene Sanctuary, 98000 Miri Sarawak, Malaysia | tracymediaplus@gmail.com | 276 |
| 3 | Mediaplus Limited<br>(Registration No. 2154476) | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 | xiaowei@hongyegroup.com.sg / jason.phua@yygroupholding.com | 5400 |

---

**Schedule 2 – Reserved Matters**

**Part A – Shareholder Reserved Matters**

The Parties agree that none of the Group Companies shall do any of the following matters without the prior written approval of one or more Shareholders who hold not less than 75% of the total Shares:

(a) liquidate,
 dissolve or wind-up the affairs of any Group Company;

(b) institution
 of bankruptcy, receivership, judicial management, assignment for the benefit of creditors,
 or similar insolvency-related proceedings of which a Group Company is a subject;

(c) adopt,
 amend, alter, or repeal any provision of the Constitution of the Company or any other constitutional
 documents of any Group Company;

(d) any
 change in the issued or paid-up share capital of any Group Company, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 re-organization of the share capital of any Group Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 new issue of shares or securities (including warrants) or any preferential issue of shares
 by any Group Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) redemption,
 repurchase or cancellation or otherwise reorganizing, or altering any rights attaching to,
 any shares or securities of any Group Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 issuance of convertible instruments or grant of any options or other rights over shares or
 other securities of any Group Company;

(e) create
 or hold shares in any subsidiary that is not wholly-owned by the Company (either directly
 or indirectly), or dispose of any shares in a subsidiary;

(f) increase
 or decrease the authorised number of Directors constituting the Board or change the number
 of votes entitled to be cast by any Director or Directors on any matter;

(g) cease
 to conduct, or change the business of any Group Company, or conduct or expand the business
 of any Group Company which is not ancillary or incidental to the Business;

(h) any
 merger, acquisition, consolidation, reorganisation, or other transaction of or involving
 the Company in which the Shareholders immediately prior thereto would not hold a majority
 of the outstanding voting power of the surviving or acquiring company immediately thereafter;
 or any merger, acquisition, consolidation, reorganisation or other transaction of or involving
 any Group Company in which the Company would not hold a majority of the outstanding voting
 power of the surviving or acquiring company immediately thereafter;

(i) the
 entering into any agreement, transaction, obligation, commitment, understanding, arrangement
 or liability to lease, license, sell, transfer or in any other way dispose the whole or substantially
 the whole of its undertaking, assets or property (whether by way of spin-off, business separation
 or any other method) by any Group Company;

(j) any
 decision to proceed with a Qualifying IPO or determining the listing venue, timing or valuation
 of a Qualifying IPO; or

(k) any
 agreement, commitment, or corporate resolution to do any of the foregoing.

**Part B – Board Reserved Matters**

The Parties agree that none of Group Companies shall make any decision in respect of the following matters without the affirmative vote of at least one (1) of the Founder Directors and at least one (1) of the Investor Directors (if appointed):

(a) make
 any loan or advance to, or own any stock or other securities of, any Person which is not
 a Group Company;

(b) make
 any loan or advance to any Person, including, any employee or Director, except advances and
 similar expenditures in the ordinary course of business;

(c) guarantee
 any indebtedness, save in respect of (i) any trade accounts of any Group Company arising
 in the ordinary course of business; and (ii) if required in connection with any existing
 indebtedness of any Group Company;

(d) any
 agreement by a Group Company to indemnify any other Person against any loss or liability,
 other than commercially reasonable warranties or indemnification granted to suppliers and
 customers in the ordinary course of business;

(e) the
 grant of any mortgage, pledge, or other security interest over (i) bank deposit and/or real
 property of any Group Company; or (ii) a principal part of a Group Company's assets
 or properties, intangible or tangible;

(f) make
 any investment inconsistent with any investment policy approved by the Board, if applicable;

(g) enter
 into or amend any Related Party Transactions that is not already included in the Annual Budget
 (as defined below) which has been approved by the Board;

(h) any
 purchase, lease, sale or other transaction by a Group Company involving real property, except
 for a lease or termination of a lease of reasonable commercial office space for use by any
 Group Company;

(i) the
 appointment, replacement or removal of the chief executive officer, the chief financial officer,
 the chief technical officer, and chief operations officer or any key management with a remuneration
 package of more than S$120,000 per calendar year or any change to such personnel's
 compensation (including salary, allowances and benefits);

(j) enter
 new lines of business, or exit the current line of business;

(k) sell,
 assign, license, pledge or encumber technology or intellectual property material belonging
 to any Group Company other than licenses granted in the ordinary course of business;

(l) enter
 into any corporate strategic relationship involving the payment, contribution or assignment
 by any Group Company of assets with value greater than S$100,000;

(m) approve
 the Company's annual operating and capital expenditure budget ()"**Annual Budget** ")
 and strategic plans;

(n) amend
 the Company's Annual Budget;

(o) make
 any single expense and/or commitment with an annual value greater than S$100,000 and which
 has not been already budgeted and approved in the Annual Budget;

(p) relocate
 headquarters outside of Singapore and core business activities outside of Singapore;

(q) acquire
 (by way of merger, acquisition, subscription of new securities or otherwise) or dispose of
 any material businesses or companies, including Subsidiaries, or cause any Group Company
 to enter into any joint venture arrangements or material alliance outside the ordinary course
 of business of the relevant Group Company;

(r) pay
 any fees or other remuneration whatsoever to any of the Directors outside of the Annual Budget
 and the adoption of any policies in connection therewith;

(s) create
 or authorise the creation of any debt security;

(t) any
 borrowing or incurrence of indebtedness (including indebtedness in the form of assumption
 or guaranty of borrowing or indebtedness of any other Person) which (a) is not in the ordinary
 course of business or (b) cumulatively with all other borrowing, indebtedness or repayment
 obligation of Group Companies, exceeds S$200,000 in the aggregate at any time but excluding
 equipment leases or bank lines of credit trade payables incurred in the ordinary course of
 business;

(u) any
 change of the auditors of any Group Company or any material change in any Group Company's
 accounting practices, methods or policies;

(v) create
 or hold shares in any subsidiary that is not wholly-owned by the Company (either directly
 or indirectly), or dispose of any shares in a subsidiary or all or substantially all of any
 subsidiary's assets, in each case in the ordinary course of business; or

(w) any
 agreement, commitment, or corporate resolution to do any of the foregoing.

**Schedule 3**

**Deed of Adherence**

**THIS DEED** is made on [ ]

**BY** [ ]

**INTRODUCTION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) By
 a [transfer]/[subscription for shares] dated [of even date herewith] [[ ] (the "**Transferor** ")
 transferred to [ ] (the "**Transferee** ")]/[[ ] (the "**Subscriber** ")
 subscribed for] Preference Shares/Ordinary Shares in the capital of Mediaplus Venture Group
 Pte. Ltd. (the "**Company**") (the [" **Transferred Shares** "]).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) This
 deed is entered into in compliance with the terms of an agreement dated made
among the Company, Teo Kai Jie, Tan Lee Yoen and Mediaplus Limited (the "**Shareholders' Agreement** ").

**AGREED TERMS**

1. Words
 and expressions used in this deed shall have the same meaning as is given to them in the
 Shareholders' Agreement unless the context otherwise expressly requires.

2. [The
 Transferee hereby agrees to assume the benefit of the rights of the Transferor under the
 Shareholders' Agreement in respect of the Transferred Shares and hereby agrees to assume
 and assumes the burden of the Transferor's obligations under the Shareholders'
 Agreement to be performed after the date hereof in respect of the Transferred Shares.]

3. The
 [Transferee]/[Subscriber] hereby agrees to be bound by the Shareholders' Agreement
 in all respects as if the [Transferee]/[Subscriber] were a party to the Shareholders'
 Agreement and to perform:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [all
 the obligations of the Transferor in that capacity thereunder; and]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 the obligations expressed to be imposed on such a party to the Shareholders' Agreement[;]

[in both cases], to be performed or on or after the date hereof].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. This
 deed is made for the benefit of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 parties to the Shareholders' Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 other person or persons who may after the date of the Shareholders' Agreement (and
 whether or not prior to or after the date hereof) assume any rights or obligations under
 the Shareholders' Agreement and be permitted to do so by the terms thereof,

and this deed shall be irrevocable without the consent of the parties to the Shareholders Agreement.

5. [For
 the avoidance of doubt, nothing in this deed shall release the Transferor from any liability
 in respect of any obligations under the Shareholders' Agreement due to be performed
 prior to the date of this deed.]

6. This deed shall be
 governed by and construed in accordance with the laws of Singapore. In the event of any dispute, controversy, difference or claim
 arising out of or in connection with this deed, including the existence, interpretation, performance, breach, termination or
 invalidity of this deed, the provisions of Clause 29.2 of the Shareholders' Agreement shall apply.

This deed of ratification and accession has been executed and delivered as a deed on the date shown on the first page.

**Executed and delivered as a deed** by **[*insert name of director*]**

on behalf of **[*insert name of* [*Transferee/Subscriber*]]**

Director

Name:

in the presence of:

Witness

Name:

**Schedule 4**

**Put Option Notice**

Date:

**MEDIAPLUS LIMITED**

[●]

Dear Sir

**PUT OPTION NOTICE**

We refer to the shareholders' agreement dated [.] between Mediaplus Limited, Teo Kai Jie, Tan Lee Yoen and Mediaplus Venture Group Pte. LTd. ("**Agreement**"). The terms defined in the Agreement shall have the same meanings herein.

In accordance with the terms and conditions of the Agreement, I hereby give you notice that I require you to acquire from me [.] ordinary shares of the Company.

The computation of the Put Purchase Price is set out below:

*[set out the computation of the Put Purchase Price]*

 

Yours faithfully

Name:

**WHEREOF** this Agreement has been entered into by the Parties on the day and year first above written.

**<u>The Company</u>**

**Mediaplus Venture Group Pte. Ltd.**

Name:

Designation:

**<u>The Shareholders</u>**

**Teo Kai Jie**

**Tan Lee Yoen**

**Mediaplus Limited**

Name:

Designation:

Signature page to the Shareholders' Agreement

**SCHEDULE 5**

**SERVICE AGREEMENT**

DATED

Between

**MEDIAPLUS DIGITAL PTE. LTD.**

And

**TEO KAI JIE**

**SERVICE AGREEMENT**

**THIS AGREEMENT** is made on ___________________

**BETWEEN**

(A) **MEDIAPLUS DIGITAL PTE. LTD.** (Company Registration No. 201329629H), a company incorporated in Singapore
 and having its registered address at 10 Kaki Bukit Avenue 4, #05-65 Premier @ Kaki Bukit
 Singapore 415874 (the "**Company** ");

**AND**

(B) **TEO KAI JIE** (Singapore NRIC No. S8208716H) of 2E Green Lane, Singapore 438897 (the "**Executive** ").

**NOW IT IS AGREED** as follows:

1.  **<u>DEFINITIONS AND INTERPRETATION</u>** 

1.1. In
 this Agreement, the following terms shall have the following meanings unless inconsistent
 with the context:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "**Board** "
 means the Board of Directors of the Company and includes any committee of the Board duly
 appointed by it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "**CPF** "
 means the Central Provident Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "**Commencement Date**" means the date of this Agreement or such other date as the parties may agree;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "**Confidential Information**" means such information which is proprietary and confidential to any
 Group Company, including but not limited to any of the trade secrets or confidential operations,
 processes or inventions carried on or used by any Group Company, dealings of any Group Company,
 secret or confidential information which relates to the business or affairs of any Group
 Company or any of its clients' or customers' transactions or affairs, any Group Company's
 technology, designs, documentation, manuals, the terms and conditions of this Agreement,
 budgets, financial information, accounts, financial statements, customer lists, marketing
 studies, drawings, notes, memoranda and the information contained therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "**Group** "
 or "**Group Companies**" means Mediaplus Venture Group Pte. Ltd. and its subsidiaries
 (including the Company) and associated corporations at the relevant time and "**Group Company**" means each or any of the Group Companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "**Incapacity** "
 means any illness or other like cause incapacitating the Executive from attending to his
 duties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "**Intellectual Property Rights**" means any trademark, pending trademark application, patent, pending
 patent application, know-how, registered and unregistered design, copyright, trade secret,
 licence relating to any of the above or other similar industrial or commercial right;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "**Mediaplus BVI**" means Mediaplus Limited (BVI Company No. 2154476), a company incorporated
 in the British Virgin Islands, being the major shareholder of Mediaplus Venture Group Pte.
 Ltd.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "**S$** "
 means the lawful currency of Singapore; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "**Territories** "
 means Singapore, Malaysia and any other country in which any Group Company has business operations
 or carries on business.

1.2. In
 this Agreement, unless the context requires otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) words
 importing one gender include all other genders and words importing the singular include the
 plural and *vice versa*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 reference to a statutory provision shall be deemed to include a reference to any statutory
 modification or re-enactment of it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 clause headings do not form part of this Agreement and shall not be taken into account in
 its construction or interpretation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 reference to the Executive shall if appropriate include his personal representatives; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) references
 in this Agreement to any Clause or sub-Clause without further designation shall be construed
 as references to the clause or sub-clause of this Agreement so numbered.

1.3 Unless
otherwise specified, references to this Agreement or any other document referred to herein shall be construed as references to such document
as the same may be amended, varied or supplemented from time to time.

2.  **<u>APPOINTMENT AND DURATION</u>** 

2.1. The
 Company hereby agrees to employ the Executive and the Executive hereby agrees to serve as
 Chief Executive Officer under the direction of the Board or its nominee.

2.2. Subject
 to Clause 11, the employment of the Executive shall commence on the Commencement Date and
 is for an initial period of three years on the terms and conditions contained herein. Upon
 the expiry of the initial period of three years, the employment of the Executive shall automatically
 be renewed on a year-to-year basis on the same terms or otherwise on such terms and conditions
 as the parties may agree in writing.

3.  **<u>DUTIES</u>** 

3.1. Subject
 to such instructions and directions as may from time to time be given to him by the Board
 or its nominee, the Executive shall use all proper means in his power to improve, develop,
 extend, maintain, advise and promote the Company's business and to protect and further
 the reputation, interests and success of the Company.

3.2. During
 his employment hereunder, the Executive shall:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) undertake
 such duties and exercise such powers in relation to the Company and its business as the Board
 or its nominee shall from time to time assign to or vest in him;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the discharge of such duties and in the exercise of such powers, observe and comply with
 all resolutions, regulations and directions from time to time made or given by the Company
 or the Board or its nominee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) devote
 substantially the whole of his time and attention and ability to the discharge of his duties
 hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) in
 pursuance of his duties hereunder perform such services for any Group Company and accept
 such offices in such Group Company as the Board or its nominee may from time to time reasonably
 require;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (if
 applicable) not do and refrain from doing any act whereby his office as a director of any
 Group Company is or becomes liable to be vacated; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) (if
 applicable) not do anything that would cause him to be disqualified from continuing to act
 as a director.

4.  **<u>SECONDMENT</u>** 

The Company may second the Executive to any other Group Company, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) such
secondment shall be deemed to be a continuation of employment hereunder and the period of employment shall not be affected thereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such
 secondment does not result in a material change to the Executive's job function and/or
 duties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Executive is not required to relocate out of Singapore.

5.  **<u>REMUNERATION AND BENEFITS</u>** 

5.1. The
 Executive shall be paid a basic salary at the rate of S$16,000 per month with monthly CPF
 contributions by the Company in accordance with the applicable legislation, regulations and
 policies from time to time, payable in arrears at the end of every month or in accordance
 with the Group's policies.

5.2. The
 Executive's performance will be reviewed from time to time, and the Company may make such
 adjustments, if any, as it deems fit to the Executive's basic salary as set out in
 Clause 5.1, subject to the written approval of Mediaplus BVI.

5.3. In
 addition to the basic salary as set out in Clause 5.1 above, in respect of each financial
 year, the Executive shall be entitled to receive achievement bonus which shall be computed
 in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the event that the consolidated net profit before tax of the Group in respect of any financial
 year is not less than S$500,000, an achievement bonus equivalent to six (6) months'
 salary shall be payable to the Executive; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the event that the consolidated net profit before tax of the Group in respect of any financial
 year is equal to or more than $250,000 but less than S$500,000, an achievement bonus equivalent
 to three (3) months' salary shall be payable to the Executive.

For the avoidance of doubt, no achievement bonus shall be payable to the Executive in the event that the consolidated net profit before tax of the Group in respect of any financial year is less than S$250,000.

5.4. The
 Board or its nominee may in its absolute discretion in addition to the payments referred
 to in Clause 5.1 and Clause 5.3, make such other payments, bonuses, allowances or benefits
 to the Executive, subject to the written approval of Mediaplus BVI.

5.5. The
 Executive shall be entitled during his employment to such other benefits generally accorded
 to employees holding a similar position, as may be determined by the Board or its nominee
 and in accordance with the prevailing Group policies.

5.6. The Company shall
 reimburse to the Executive all travelling, hotel, entertainment and other expenses reasonably and properly incurred by him in the
 reasonable and proper performance of his duties hereunder upon the Executive providing the Company with such vouchers or other
 evidence of actual payment of such expenses as the Company may require.

5.7. The
 Executive shall be entitled during his employment to 21 days of paid annual leave for each
 year of employment (pro-rated for periods of employment of less than one year).

6.  **<u>CONFLICT OF INTERESTS</u>** 

6.1. During
 the continuance of his employment under this Agreement, the Executive shall, unless prevented
 by Incapacity, devote substantially the whole of his whole time and attention to the business
 of the Company and the Group and shall not (except as a representative or nominee of any
 Group Company) without the prior written consent of Mediaplus BVI:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) be
 engaged, concerned or interested, directly or indirectly, in any other business which is
 wholly or partly in competition with any business carried on by the Group whether by himself
 or in partnership, common ownership or as a joint venture with any third party; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) be
 engaged, concerned or interested, directly or indirectly, in any other business of a similar
 nature to or competitive with that carried on by the Group or which is a supplier or customer
 of the Group in relation to its goods or services,

Provided that nothing in this Clause shall preclude the Executive from holding or being otherwise interested in any shares or other securities of any company which are for the time being quoted on any recognised stock exchange so long as the interest of the Executive in such shares or other securities does not extend to five per cent (5%) or more of the total amount of such shares or securities of the same class in each corporation.

6.2. Without
 prejudice to the foregoing, the parties agree that any dealings between any Group Company
 and any business in which the Executive is interested will be on an arms-length basis.

7.  **<u>CONFIDENTIALITY AND NON-DISCLOSURE</u>** 

7.1. The
 Executive is aware that in the course of employment under this Agreement he will have access
 to and be entrusted with information relating to the business and financing of the Group
 and its dealings, transactions and affairs, all of which information is or may be confidential.

7.2. The
 Executive shall not, except as authorised by the Company or required by his duties, reveal
 to any person, firm or company any Confidential Information which may have come to his knowledge
 during his employment hereunder or otherwise and shall keep with complete secrecy all Confidential
 Information entrusted to him and shall not use or attempt to use any such information in
 any manner which may injure or cause loss whether directly or indirectly to any Group Company
 or any of its businesses. This restriction shall continue to apply after the expiry or termination
 of this Agreement without limit in point of time but shall cease to apply to information
 or knowledge which has come into the public domain.

7.3. The
 Executive shall not during the continuance of this Agreement make, otherwise than for the
 benefit of any Group Company, any notes or memoranda relating to any matter within the scope
 of the business of any Group Company or concerning any Confidential Information or any of
 its dealings or affairs nor shall the Executive either during the continuance of this Agreement
 or afterwards use or permit to be used any such notes or memoranda otherwise than for the
 benefit of any Group Company, it being the intention of the parties hereto that all such
 notes or memoranda made by the Executive and Confidential Information shall be the property
 of such Group Company and upon the termination of the Executive's employment hereunder, the
 Executive shall return the said notes, memoranda and Confidential Information or provide
 evidence of its destruction to the satisfaction of the Company.

8.  **<u>INTELLECTUAL PROPERTY RIGHTS</u>** 

8.1. Any
 discovery or invention or secret process or improvement in procedure or any other Intellectual
 Property Rights made, developed or discovered by the Executive while in the service of the
 Company in connection with or in any way affecting or relating to the business of any Group
 Company or capable of being used or adapted for use therein or in connection therewith shall
 forthwith be disclosed to the Company and shall belong to and be the absolute property of
 the Company or such Group Company as the Company may nominate for the purpose.

8.2. The
 Executive if and whenever required so to do (whether during or after the termination of his
 employment) shall at the expense of the Company or its nominee apply or join in applying
 for the grant of a patent or other similar protection of Intellectual Property Rights in
 Singapore or any other part of the world for any such discovery, invention, process or improvement
 as aforesaid and execute all instruments and do all things necessary for vesting the said
 patent or other similar protection when obtained and all rights and title to and interests
 in the same in the Company and/or its nominee absolutely and as sole beneficial owner or
 in such other person as the Company may require.

9.  **<u>NON-COMPETITION</u>** 

9.1. The
 Executive hereby agrees with the Company that he shall not during his employment hereunder
 and within a period of twelve (12) months upon his ceasing to be an employee of the Company
 directly or indirectly, except as a representative or nominee of any Group Company (whilst
 he is an employee of the Company) or otherwise with the prior written consent of Mediaplus
 BVI:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) either
 on his own account or for any other person directly or indirectly solicit, interfere with
 or endeavour to entice away from any Group Company any person who to his knowledge has at
 any time during the twelve (12) months immediately preceding the cessation of his employment
 been a client, customer or employee of, or in the habit of dealing with any Group Company;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) either
 alone or jointly with or as a manager, agent for, director or employee of any person, firm
 or company, directly or indirectly carry on or be engaged or concerned or interested in any
 part of the Territories in the business undertaken and engaged by any Group Company or in
 any business similar to or in competition with such business.

9.2. The
 Executive further agrees with the Company that upon his ceasing to be an employee of the
 Company, he shall not directly or indirectly:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) use
 the name "Mediaplus Digital", "Mplus Elite", "M Synergates"
 or any colourable imitation thereof in connection with any business; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) use
 any trade mark, patent or any other Intellectual Property Right of any Group Company in connection
 with any business not belonging to any Group Company.

9.3. While
 the restrictions contained in Clause 9.1 above are considered by the parties to be reasonable
 in all the circumstances, it is recognised that restrictions of the nature in question may
 fail for technical reasons and accordingly it is hereby agreed and declared that if any one
 or more of such restrictions shall, either by itself or themselves or taken with others,
 be adjudged to be invalid as exceeding what is reasonable in all the circumstances for the
 protection of the interests of any Group Company but would be valid if any particular restrictions
 were deleted or if part or parts of the wording thereof were deleted or restricted or limited
 in a particular manner or if the period or area thereof were reduced or curtailed then the
 said restrictions shall apply with such deletion, restriction, limitation, reduction, curtailment
 or modification as may be necessary to make them valid and effective.

9.4. Since the Executive may
 also obtain in the course of his employment by reason of services rendered for any Group Company knowledge of the Confidential
 Information of such Group Company, the Executive hereby agrees that he shall at the request and cost of the Company enter into a
 direct agreement or undertaking with such Group Company whereby he shall accept restrictions corresponding to the restrictions
 herein contained (or such of them as may be appropriate in the circumstances) in relation to such business and such area and for
 such period as such Group Company may require for the protection of its legitimate interests.

9.5. The
 Executive acknowledges that the restrictions contained in this Clause are reasonable and
 that substantial damage will be caused to the relevant Group Company in the event of any
 violation of any of the provisions of this Clause by him.

10.  **<u>NON-SOLICITATION</u>** 

The Executive covenants with the Company that he will not during the period of his employment under this Agreement and for the period of twelve (12) months after ceasing to be employed under this Agreement in connection with the carrying on of any business similar to or in competition with the business of any Group Company on his own behalf or on behalf of any person, firm or company directly or indirectly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) seek
 to do business with any person, firm or company who has at any time during the twelve (12)
 months immediately preceding cessation of his employment with the Company done business with
 any Group Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) endeavour
 to entice away from any Group Company any person who has at any time during the twelve (12)
 months immediately preceding cessation of his employment with the Company been employed or
 engaged by any Group Company,

Provided that nothing in this Clause shall prohibit the doing of business not relating or similar to or in competition with the business of any Group Company.

11.  **<u>TERMINATION</u>** 

11.1. Without
 prejudice to and in addition to Clause 11.2, the employment of the Executive may be terminated:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 the Executive giving to the Company not less than six (6) months' notice in writing,
 or in lieu of notice, payment of an amount equivalent to six (6) months' salary based on
 the Executive's last drawn monthly salary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 the Company giving to the Executive not less than six (6) months' notice in writing,
 or in lieu of notice, payment of an amount equivalent to six (6) month's salary based
 on the Executive's last drawn monthly salary.

For the avoidance of doubt, no further benefit or compensation is payable by the Company to the Executive if the employment is terminated in accordance with the terms of this Agreement.

11.2. The
 employment of the Executive may be terminated by the Company without any notice or payment
 in lieu of notice if the Executive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) becomes
 prohibited by law or any order from any regulatory body or governmental authority from being
 a director or employee of the Company or ceases to be a director of the Company for any reason
 whatsoever; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is
 or may be suffering from a mental disorder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) is
 convicted of any criminal offence (save an offence under any road traffic legislation for
 which he is not sentenced to any term of immediate or suspended imprisonment) and sentenced
 to any term of immediate or suspended imprisonment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) be
 guilty of any grave misconduct, neglect or gross default in connection with or affecting
 the business of the Group; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) is
 in serious or repeated breach or non-observance of any provision of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) commits
 any act of criminal breach of trust or dishonesty; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) becomes
 bankrupt or makes any arrangement or composition with his creditors generally; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) commits
 any act that is reported in the general or trade press or otherwise achieves general notoriety
 which involves conduct that is likely to be regarded as illegal, immoral or scandalous and
 which, in the opinion of the Board or its nominee is likely to discredit the Executive to
 a degree which reduces the value of his services to the Company or may discredit the Company
 through association with the Executive.

Upon such termination, the Executive shall not be entitled to claim any compensation or damages for or in respect or by reason of such termination.

11.3. Upon
 the termination of his employment hereunder for whatever reason the Executive shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at
 the request of the Company resign from all offices held by him in any Group Company and from
 all other appointments or offices which he holds as nominee or representative of any Group
 Company, and if he should fail to do so within seven (7) days the Company is hereby irrevocably
 authorised to appoint some person in his name and on his behalf to sign any documents or
 do any things necessary or requisite to give effect to the aforesaid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) deliver
 up to the Board or its nominee all correspondences, drawings, documents and other papers
 and all other property belonging to any Group Company (including any Confidential Information)
 which may be in the Executive's possession or under his control (including such as
 may have been made or prepared by or have come into the possession or under the control of
 the Executive and relating in any way to the business or affairs of any Group Company or
 of any agent, correspondent or customer of any Group Company) and the Executive shall not
 without the written consent of the Board or its nominee retain any copies thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if
 so requested send to a duly appointed officer of the Board a signed statement confirming
 that he has complied with sub-clause (ii) hereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) shall
 not without the consent of the Company at any time thereafter represent himself still to
 be connected with the Company or any Group Company.

12.  **<u>RECONSTRUCTION OR AMALGAMATION</u>** 

If the employment of the Executive under this Agreement is terminated by reason of the liquidation of the Company for the purpose of reconstruction or amalgamation and the Executive is offered employment with any concern or undertaking resulting from the reconstruction or amalgamation on terms and conditions not less favourable than the terms of this Agreement, then the Executive shall have no claim against the Company in respect of the termination of his employment under this Agreement.

13.  **<u>CONTINUING EFFECT</u>** 

The expiration or termination of this Agreement howsoever arising shall not operate to affect such of the provisions hereof as are expressed to operate or have effect thereafter and shall be without prejudice to any other accrued rights or remedies of the parties.

14.  **<u>AGREEMENT PREVAILS</u>** 

This Agreement supersedes all previous agreements and arrangements (if any) relating to the employment and/or appointment of the Executive by the Company or any Group Company (which shall be deemed to have been terminated by mutual consent).

15.  **<u>NOTICES</u>** 

15.1. Each
 communication under this Agreement shall be made in writing and may be made by letter or
 electronic mail addressed to, in the case of the Company, its registered office for the time
 being and, in the case of the Executive, his last known address.

15.2. Any
 communication to the Executive shall be deemed to be received by the Executive (if sent by
 electronic mail) on the next working day or (in any other case) when left at the address
 required by Clause 15.1 or two (2) days after having been put in the post.

15.3. Any
 communication to the Company shall not be effective until it is received by the Company.

16.  **<u>PARTIAL INVALIDITY</u>** 

If any one or more of the provisions contained in this Agreement shall be invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired and this Agreement shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein.

17.  **<u>REMEDIES AND WAIVERS</u>** 

No failure on the part of any party hereto to exercise, and no delay in exercising any right under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right under this Agreement preclude any other or further exercise thereof or of the exercise of any other right. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law. Any waiver or consent given by any party under this Agreement shall be in writing and may be given subject to such conditions as such party may impose, provided that any waiver or consent given by the Company shall be subject to the written approval of Mediaplus BVI. Any waiver or consent shall be effective only in the instance and for the purpose for which it is given.

18.  **<u>VARIATIONS</u>** 

No variation of this Agreement (or of any document referred to in this Agreement) shall be valid unless it is in writing and signed by or on behalf of each party and it has been approved in writing by Mediaplus BVI. The expression "**variation**" shall include any amendment, supplement, deletion or replacement howsoever effected.

19.  **<u>LEGAL COSTS</u>** 

Each party shall bear its own costs and expenses including but not limited to the legal fees incurred in connection with the preparation and negotiation of this Agreement.

20.  **<u>GOVERNING LAW AND JURISDICTION</u>** 

This Agreement shall be governed by and construed in accordance with the laws of Singapore. The parties agree to submit to the exclusive jurisdiction of the courts of Singapore.

21.  **<u>THIRD PARTY RIGHTS</u>** 

Save for Mediaplus BVI or as expressly provided in this Agreement, a person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement.

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**WHEREOF** the parties have executed this Agreement on the date first abovementioned.

<u>The Company</u>

**MEDIAPLUS DIGITAL PTE. LTD.**

Name:

Designation:

<u>The Executive</u>

**TEO KAI JIE**

DATED

Between

**MEDIAPLUS DIGITAL SDN. BHD.**

And

**TAN LEE YOEN**

**SERVICE AGREEMENT**

**THIS AGREEMENT** is made on ___________

**BETWEEN**

(A) **MEDIAPLUS DIGITAL SDN. BHD.** (Company Registration No. 1438591P / 202101038291), a company incorporated in Malaysia and having its registered address
 at Lot 1892, 2nd floor, Marina Square 2, Marina Parkcity, 98000 Miri, Sarawak (the "**Company** ");

**AND**

(B) **TAN LEE YOEN** (Identification No. 841228135806) of Lot 14385 Lorong Interhill 14D Serene Sanctuary,
 98000 Miri, Sarawak, Malaysia (the "**Executive** ").

**NOW IT IS AGREED** as follows:

1.  **<u>DEFINITIONS AND INTERPRETATION</u>** 

1.1. In
 this Agreement, the following terms shall have the following meanings unless inconsistent
 with the context:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "**Board** "
 means the Board of Directors of the Company and includes any committee of the Board duly
 appointed by it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "**Commencement Date**" means the date of this Agreement or such other date as the parties may agree;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "**Confidential Information**" means such information which is proprietary and confidential to any
 Group Company, including but not limited to any of the trade secrets or confidential operations,
 processes or inventions carried on or used by any Group Company, dealings of any Group Company,
 secret or confidential information which relates to the business or affairs of any Group
 Company or any of its clients' or customers' transactions or affairs, any Group Company's
 technology, designs, documentation, manuals, the terms and conditions of this Agreement,
 budgets, financial information, accounts, financial statements, customer lists, marketing
 studies, drawings, notes, memoranda and the information contained therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "**EPF** "
 means the Employees Provident Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "**Group** "
 or "**Group Companies**" means Mediaplus Venture Group Pte. Ltd. and its subsidiaries
 (including the Company) and associated corporations at the relevant time and "**Group Company**" means each or any of the Group Companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "**Incapacity** "
 means any illness or other like cause incapacitating the Executive from attending to her
 duties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "**Intellectual Property Rights**" means any trademark, pending trademark application, patent, pending
 patent application, know-how, registered and unregistered design, copyright, trade secret,
 licence relating to any of the above or other similar industrial or commercial right;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "**Mediaplus BVI**" means Mediaplus Limited (BVI Company No. 2154476), a company incorporated
 in the British Virgin Islands, being the major shareholder of Mediaplus Venture Group Pte.
 Ltd.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "**RM** "
 means Ringgit Malaysia, the lawful currency of Malaysia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "**S$** "
means the lawful currency of Singapore; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) "**Territories** "
 means Singapore, Malaysia and any other country in which any Group Company has business operations
 or carries on business.

1.2. In
this Agreement, unless the context requires otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) words
 importing one gender include all other genders and words importing the singular include the
 plural and *vice versa*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 reference to a statutory provision shall be deemed to include a reference to any statutory
 modification or re-enactment of it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 clause headings do not form part of this Agreement and shall not be taken into account in
 its construction or interpretation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 reference to the Executive shall if appropriate include her personal representatives; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) references
 in this Agreement to any Clause or sub-Clause without further designation shall be construed
 as references to the clause or sub-clause of this Agreement so numbered.

1.3 Unless
otherwise specified, references to this Agreement or any other document referred to herein shall be construed as references to such document
as the same may be amended, varied or supplemented from time to time.

2.  **<u>APPOINTMENT AND DURATION</u>** 

2.1. The
 Company hereby agrees to employ the Executive and the Executive hereby agrees to serve as
 Head of Web and Project Management under the direction of the Board or its nominee.

2.2. Subject
 to Clause 11, the employment of the Executive shall commence on the Commencement Date and
 is for an initial period of three years on the terms and conditions contained herein. Upon
 the expiry of the initial period of three years, the employment of the Executive shall automatically
 be renewed on a year-to-year basis on the same terms or otherwise on such terms and conditions
 as the parties may agree in writing.

3.  **<u>DUTIES</u>** 

3.1. Subject
 to such instructions and directions as may from time to time be given to her by the Board
 or its nominee, the Executive shall use all proper means in her power to improve, develop,
 extend, maintain, advise and promote the Company's business and to protect and further
 the reputation, interests and success of the Company.

3.2. During
 her employment hereunder, the Executive shall:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) undertake
 such duties and exercise such powers in relation to the Company and its business as the Board
 or its nominee shall from time to time assign to or vest in her;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the discharge of such duties and in the exercise of such powers, observe and comply with
 all resolutions, regulations and directions from time to time made or given by the Company
 or the Board or its nominee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) devote
 substantially the whole of her time and attention and ability to the discharge of her duties
 hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) in
 pursuance of her duties hereunder, perform such services for any Group Company and accept
 such offices in such Group Company as the Board or its nominee may from time to time reasonably
 require;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (if
 applicable) not do and refrain from doing any act whereby her office as a director of any
 Group Company is or becomes liable to be vacated; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) (if
 applicable) not do anything that would cause her to be disqualified from continuing to act
 as a director.

4.  **<u>SECONDMENT</u>** 

The Company may second the Executive to any other Group Company, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) such
 secondment shall be deemed to be a continuation of employment hereunder and the period of
 employment shall not be affected thereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such
 secondment does not result in a material change to the Executive's job function and/or
 duties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Executive is not required to relocate out of Miri, Sarawak.

5.  **<u>REMUNERATION AND BENEFITS</u>** 

5.1. The
 Executive shall be paid a basic salary at the rate of RM16,800 per month with monthly EPF
 contributions by the Company in accordance with the applicable legislation, regulations and
 policies from time to time, payable by the Company in arrears at the end of every month or
 in accordance with the Group's policies.

5.2. The
 Executive's performance will be reviewed from time to time, and the Company may make such
 adjustments, if any, as it deems fit to the Executive's basic salary as set out in
 Clause 5.1, subject to the written approval of Mediaplus BVI.

5.3. In
 addition to the basic salary as set out in Clause 5.1 above, in respect of each financial
 year, the Executive shall be entitled to receive achievement bonus which shall be computed
 in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the event that the consolidated net profit before tax of the Group in respect of any financial
 year is not less than S$500,000, an achievement bonus equivalent to four (4) months'
 salary shall be payable to the Executive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the event that the consolidated net profit before tax of the Group in respect of any financial
 year is equal to or more than S$250,000 but less S$500,000, an achievement bonus equivalent
 to one (1) months' salary shall be payable to the Executive.

For the avoidance of doubt, no achievement bonus shall be payable to the Executive in the event that the consolidated net profit before tax of the Group in respect of any financial year is less than S$250,000.

5.4. The
 Board or its nominee may in its absolute discretion in addition to the payments referred
 to in Clause 5.1 and Clause 5.3, make such other payments, bonuses, allowances or benefits
 to the Executive, subject to the written approval of Mediaplus BVI.

5.5. The
 Executive shall be entitled during her employment to such other benefits generally accorded
 to employees holding a similar position, as may be determined by the Board or its nominee
 and in accordance with the prevailing Group policies.

5.6. The
 Company shall reimburse to the Executive all travelling, hotel, entertainment and other expenses
 reasonably and properly incurred by her in the reasonable and proper performance of her duties
 hereunder upon the Executive providing the Company with such vouchers or other evidence of
 actual payment of such expenses as the Company may require.

5.7. The
 Executive shall be entitled during her employment to 18 days of paid annual leave for each
 year of employment (pro-rated for periods of employment of less than one year).

6.  **<u>CONFLICT OF INTERESTS</u>** 

6.1. During
 the continuance of her employment under this Agreement, the Executive shall, unless prevented
 by Incapacity, devote substantially the whole of her whole time and attention to the business
 of the Company and the Group and shall not (except as a representative or nominee of any
 Group Company) without the prior written consent of Mediaplus BVI:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) be
 engaged, concerned or interested, directly or indirectly, in any other business which is
 wholly or partly in competition with any business carried on by the Group whether by herself
 or in partnership, common ownership or as a joint venture with any third party; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) be
 engaged, concerned or interested, directly or indirectly, in any other business of a similar
 nature to or competitive with that carried on by the Group or which is a supplier or customer
 of the Group in relation to its goods or services,

Provided that nothing in this Clause shall preclude the Executive from holding or being otherwise interested in any shares or other securities of any company which are for the time being quoted on any recognised stock exchange so long as the interest of the Executive in such shares or other securities does not extend to five per cent (5%) or more of the total amount of such shares or securities of the same class in each corporation.

6.2. Without
 prejudice to the foregoing, the parties agree that any dealings between any Group Company
 and any business in which the Executive is interested will be on an arms-length basis.

7.  **<u>CONFIDENTIALITY AND NON-DISCLOSURE</u>** 

7.1. The
 Executive is aware that in the course of employment under this Agreement she will have access
 to and be entrusted with information relating to the business and financing of the Group
 and its dealings, transactions and affairs, all of which information is or may be confidential.

7.2. The
 Executive shall not, except as authorised by the Company or required by her duties, reveal
 to any person, firm or company any Confidential Information which may have come to her knowledge
 during her employment hereunder or otherwise and shall keep with complete secrecy all Confidential
 Information entrusted to her and shall not use or attempt to use any such information in
 any manner which may injure or cause loss whether directly or indirectly to any Group Company
 or any of its businesses. This restriction shall continue to apply after the expiry or termination
 of this Agreement without limit in point of time but shall cease to apply to information
 or knowledge which has come into the public domain.

7.3. The
 Executive shall not during the continuance of this Agreement make, otherwise than for the
 benefit of any Group Company, any notes or memoranda relating to any matter within the scope
 of the business of any Group Company or concerning any Confidential Information or any of
 its dealings or affairs nor shall the Executive either during the continuance of this Agreement
 or afterwards use or permit to be used any such notes or memoranda otherwise than for the
 benefit of any Group Company, it being the intention of the parties hereto that all such
 notes or memoranda made by the Executive and Confidential Information shall be the property
 of such Group Company and upon the termination of the Executive's employment hereunder, the
 Executive shall return the said notes, memoranda and Confidential Information or provide
 evidence of its destruction to the satisfaction of the Company.

8.  **<u>INTELLECTUAL PROPERTY RIGHTS</u>** 

8.1. Any
 discovery or invention or secret process or improvement in procedure or any other Intellectual
 Property Rights made, developed or discovered by the Executive while in the service of the
 Company in connection with or in any way affecting or relating to the business of any Group
 Company or capable of being used or adapted for use therein or in connection therewith shall
 forthwith be disclosed to the Company and shall belong to and be the absolute property of
 the Company or such Group Company as the Company may nominate for the purpose.

8.2. The
 Executive, if and whenever required so to do (whether during or after the termination of
 her employment), shall at the expense of the Company or its nominee apply or join in applying
 for the grant of a patent or other similar protection of Intellectual Property Rights in
 Singapore or any other part of the world for any such discovery, invention, process or improvement
 as aforesaid and execute all instruments and do all things necessary for vesting the said
 patent or other similar protection when obtained and all rights and title to and interests
 in the same in the Company and/or its nominee absolutely and as sole beneficial owner or
 in such other person as the Company may require.

9.  **<u>NON-COMPETITION</u>** 

9.1. Subject
 to applicable law, the Executive hereby agrees with the Company that she shall not during
 her employment hereunder and within a period of twelve (12) months upon her ceasing to be
 an employee of the Company directly or indirectly, except as a representative or nominee
 of any Group Company (whilst she is an employee of the Company) or otherwise with the prior
 written consent of Mediaplus BVI:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) either
 on her own account or for any other person directly or indirectly solicit, interfere with
 or endeavour to entice away from any Group Company any person who to her knowledge has at
 any time during the twelve (12) months immediately preceding the cessation of her employment
 been a client, customer or employee of, or in the habit of dealing with any Group Company;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) either
 alone or jointly with or as a manager, agent for, director or employee of any person, firm
 or company, directly or indirectly carry on or be engaged or concerned or interested in any
 part of the Territories in the business undertaken and engaged by any Group Company or in
 any business similar to or in competition with such business.

9.2. The
 Executive further agrees with the Company that upon her ceasing to be an employee of the
 Company, she shall not directly or indirectly:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) use
 the name "Mediaplus Digital", "Mplus Elite", "M Synergates"
 or any colourable imitation thereof in connection with any business; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) use
 any trade mark, patent or any other Intellectual Property Right of any Group Company in connection
 with any business not belonging to any Group Company.

9.3. While
 the restrictions contained in Clause 9.1 above are considered by the parties to be reasonable
 in all the circumstances, it is recognised that restrictions of the nature in question may
 fail for technical reasons and accordingly it is hereby agreed and declared that if any one
 or more of such restrictions shall, either by itself or themselves or taken with others,
 be adjudged to be invalid as exceeding what is reasonable in all the circumstances for the
 protection of the interests of any Group Company but would be valid if any particular restrictions
 were deleted or if part or parts of the wording thereof were deleted or restricted or limited
 in a particular manner or if the period or area thereof were reduced or curtailed then the
 said restrictions shall apply with such deletion, restriction, limitation, reduction, curtailment
 or modification as may be necessary to make them valid and effective.

9.4. Since
 the Executive may also obtain in the course of her employment by reason of services rendered
 for any Group Company knowledge of the Confidential Information of such Group Company, the
 Executive hereby agrees that she shall at the request and cost of the Company enter into
 a direct agreement or undertaking with such Group Company whereby she shall accept restrictions
 corresponding to the restrictions herein contained (or such of them as may be appropriate
 in the circumstances) in relation to such business and such area and for such period as such
 Group Company may require for the protection of its legitimate interests.

9.5. The
 Executive acknowledges that the restrictions contained in this Clause are reasonable and
 that substantial damage will be caused to the relevant Group Company in the event of any
 violation of any of the provisions of this Clause by her.

10.  **<u>NON-SOLICITATION</u>** 

Subject to applicable law, the Executive covenants with the Company that she will not, during the period of her employment under this Agreement and for the period of twelve (12) months after ceasing to be employed under this Agreement, in connection with the carrying on of any business similar to or in competition with the business of any Group Company on her own behalf or on behalf of any person, firm or company directly or indirectly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) seek
 to do business with any person, firm or company who has at any time during the twelve (12)
 months immediately preceding cessation of her employment with the Company done business with
 any Group Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) endeavour
 to entice away from any Group Company any person who has at any time during the twelve (12)
 months immediately preceding cessation of her employment with the Company, been employed
 or engaged by any Group Company,

Provided that nothing in this Clause shall prohibit the doing of business not relating or similar to or in competition with the business of any Group Company.

11.  **<u>TERMINATION</u>** 

11.1. Without
 prejudice to and in addition to Clause 11.2, the employment of the Executive may be terminated:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 the Executive giving to the Company not less than six (6) months' notice in writing,
 or in lieu of notice, payment of an amount equivalent to six (6) months' salary based on
 the Executive's last drawn monthly salary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 the Company giving to the Executive not less than six (6) months' notice in writing,
 or in lieu of notice, payment of an amount equivalent to six (6) month's salary based
 on the Executive's last drawn monthly salary.

For the avoidance of doubt, no further benefit or compensation is payable by the Company to the Executive if the employment is terminated in accordance with the terms of this Agreement.

11.2. The
 employment of the Executive may be terminated by the Company without any notice or payment
 in lieu of notice if the Executive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) becomes
 prohibited by law or any order from any regulatory body or governmental authority from being
 a director or employee of the Company or ceases to be a director of the Company for any reason
 whatsoever; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is
 or may be suffering from a mental disorder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) is
 convicted of any criminal offence (save an offence under any road traffic legislation for
 which she is not sentenced to any term of immediate or suspended imprisonment) and sentenced
 to any term of immediate or suspended imprisonment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) be
 guilty of any grave misconduct, neglect or gross default in connection with or affecting
 the business of the Group; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) is
 in serious or repeated breach or non-observance of any provision of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) commits
 any act of criminal breach of trust or dishonesty; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) becomes
 bankrupt or makes any arrangement or composition with her creditors generally; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) commits
 any act that is reported in the general or trade press or otherwise achieves general notoriety
 which involves conduct that is likely to be regarded as illegal, immoral or scandalous and
 which, in the opinion of the Board or its nominee is likely to discredit the Executive to
 a degree which reduces the value of her services to the Company or may discredit the Company
 through association with the Executive.

Upon such termination, the Executive shall not be entitled to claim any compensation or damages for or in respect or by reason of such termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3. Upon
 the termination of her employment hereunder for whatever reason the Executive shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at
 the request of the Company resign from all offices held by her in any Group Company and from
 all other appointments or offices which she holds as nominee or representative of any Group
 Company, and if she should fail to do so within seven (7) days the Company is hereby irrevocably
 authorised to appoint some person in her name and on her behalf to sign any documents or
 do any things necessary or requisite to give effect to the aforesaid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) deliver
 up to the Board or its nominee all correspondences, drawings, documents and other papers
 and all other property belonging to any Group Company (including any Confidential Information)
 which may be in the Executive's possession or under her control (including such as
 may have been made or prepared by or have come into the possession or under the control of
 the Executive and relating in any way to the business or affairs of any Group Company or
 of any agent, correspondent or customer of any Group Company) and the Executive shall not
 without the written consent of the Board or its nominee retain any copies thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if
 so requested send to a duly appointed officer of the Board a signed statement confirming
 that she has complied with sub-clause (ii) hereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) shall
 not without the consent of the Company at any time thereafter represent herself still to
 be connected with the Company or any Group Company.

12.  **<u>RECONSTRUCTION OR AMALGAMATION</u>** 

If the employment of the Executive under this Agreement is terminated by reason of the liquidation of the Company for the purpose of reconstruction or amalgamation and the Executive is offered employment with any concern or undertaking resulting from the reconstruction or amalgamation on terms and conditions not less favourable than the terms of this Agreement, then the Executive shall have no claim against the Company in respect of the termination of her employment under this Agreement.

13.  **<u>CONTINUING EFFECT</u>** 

The expiration or termination of this Agreement howsoever arising shall not operate to affect such of the provisions hereof as are expressed to operate or have effect thereafter and shall be without prejudice to any other accrued rights or remedies of the parties.

14.  **<u>AGREEMENT PREVAILS</u>** 

This Agreement supersedes all previous agreements and arrangements (if any) relating to the employment and/or appointment of the Executive by the Company or any Group Company (which shall be deemed to have been terminated by mutual consent).

15.  **<u>NOTICES</u>** 

15.1. Each
 communication under this Agreement shall be made in writing and may be made by letter or
 electronic mail addressed to, in the case of the Company, its registered office for the time
 being and, in the case of the Executive, her last known address.

15.2. Any
 communication to the Executive shall be deemed to be received by the Executive (if sent by
 electronic mail) on the next working day or (in any other case) when left at the address
 required by Clause 15.1 or two (2) days after having been put in the post.

15.3. Any
 communication to the Company shall not be effective until it is received by the Company.

16.  **<u>PARTIAL INVALIDITY</u>** 

If any one or more of the provisions contained in this Agreement shall be invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired and this Agreement shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein.

17.  **<u>REMEDIES AND WAIVERS</u>** 

No failure on the part of any party hereto to exercise, and no delay in exercising any right under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right under this Agreement preclude any other or further exercise thereof or of the exercise of any other right. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law. Any waiver or consent given by any party under this Agreement shall be in writing and may be given subject to such conditions as such party may impose, provided that any waiver or consent given by the Company shall be subject to the written approval of Mediaplus BVI. Any waiver or consent shall be effective only in the instance and for the purpose for which it is given.

18.  **<u>VARIATIONS</u>** 

No variation of this Agreement (or of any document referred to in this Agreement) shall be valid unless it is in writing and signed by or on behalf of each party and it has been approved in writing by Mediaplus BVI. The expression "**variation**" shall include any amendment, supplement, deletion or replacement howsoever effected.

19.  **<u>LEGAL COSTS</u>** 

Each party shall bear its own costs and expenses including but not limited to the legal fees incurred in connection with the preparation and negotiation of this Agreement.

20.  **<u>GOVERNING LAW AND JURISDICTION</u>** 

This Agreement shall be governed by and construed in accordance with the laws of Malaysia. The parties agree to submit to the exclusive jurisdiction of the courts of Malaysia.

21.  **<u>THIRD PARTY RIGHTS</u>** 

Save for Mediaplus BVI or as expressly provided in this Agreement, a person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 of Malaysia to enforce any term of this Agreement.

[The rest of this page has been intentionally left blank]

**WHEREOF** the parties have executed this Agreement on the date first abovementioned.

<u>The Company</u>

**MEDIAPLUS DIGITAL SDN. BHD.**

Name:

Designation:

<u>The Executive</u>

**TAN LEE YOEN**

**WHEREOF** the Parties have hereunto set their hands.

<u>The Vendors</u>

**TEO KAI JIE**

/s/ **TEO KAI JIE**

**TAN LEE YOEN**

/s/ **TAN LEE YOEN**

<u>The Purchaser</u>

**MEDIAPLUS LIMITED**

/s/ Mike Fu

Name: Mike Fu

Designation: Chief Executive Officer

<u>YY Group</u>

**YY GROUP HOLDING LIMITED**

/s/ Mike Fu

Name: Mike Fu

Designation: Chief Executive Officer

## Exhibit 1.2

**Exhibit 1.2**

**DATED 21 JANUARY 2025**

Between

**TAN GIM HAR, CHENG JER CHIAN, DARREN**

**and CHENG YI TONG, AMANDA**

as Vendors

and

**YY GROUP HOLDING LIMITED**

as Purchaser

**SALE AND PURCHASE AGREEMENT**

relating to 2,999,999 issued ordinary shares

in the capital of

**PROPERTY FACILITY SERVICES PTE. LTD.**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **CLAUSE** | **HEADING** | **PAGE** |
| **1.** | **DEFINITIONS AND INTERPRETATION** | **1** |
| **2.** | **SALE OF THE SALE SHARES** | **4** |
| **3.** | **CONDITIONS PRECEDENT** | **5** |
| **4.** | **CONSIDERATION FOR THE SALE SHARES** | **6** |
| **5.** | **COMPLETION** | **7** |
| **6.** | **WARRANTIES AND UNDERTAKINGS** | **8** |
| **7.** | **INDEMNITY** | **9** |
| **8.** | **CONFIDENTIALITY** | **10** |
| **9.** | **ANNOUNCEMENTS** | **10** |
| **10.** | **COSTS** | **11** |
| **11.** | **GENERAL** | **11** |
| **12.** | **ILLEGALITY** | **11** |
| **13.** | **NOTICES** | **11** |
| **14.** | **FURTHER ASSURANCE** | **12** |
| **15.** | **ENTIRE AGREEMENT** | **12** |
| **16.** | **ASSIGNMENT** | **12** |
| **17.** | **VARIATIONS** | **12** |
| **18.** | **REMEDIES AND WAIVERS** | **13** |
| **19.** | **TIME OF ESSENCE** | **13** |
| **20.** | **COUNTERPARTS** | **13** |
| **21.** | **CONTRACTS (RIGHTS OF THIRD PARTIES) ACT** | **13** |
| **22.** | **GOVERNING LAW** | **13** |
|  | **SCHEDULE 1** |  |
|  | **REPRESENTATIONS AND WARRANTIES** | **14** |
|  | **SCHEDULE 2** |  |
|  | **DEED OF INDEMNITY** | **29** |

---

i

**<u>SALE AND PURCHASE AGREEMENT</u>**

**THIS AGREEMENT** is made on 21 January 2025

**BETWEEN**

(1) **TAN GIM HAR** (NRIC No. S1413651G), **CHENG JER CHIAN, DARREN** (NRIC No. S9342219H) and **CHENG YI TONG, AMANDA** (NRIC No. S9644184C), each of 5 Rhu Cross #12-20, Singapore 437434 (the **"Vendors** "); and

(2) **YY GROUP HOLDING LIMITED** (Company Registration No. 2118556), a company incorporated in the British Virgin Islands and having its registered office at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands and principal executive office at 60 Paya Lebar Road #09-13 Paya Lebar Square, Singapore 409051 (the "**Purchaser** "), (collectively, the "**Parties**" and each, a "**Party** ").

**WHEREAS**

(A) Property Facility Services Pte. Ltd. (the "**Company** ")
(Company Registration No. 200103330M) was incorporated in Singapore on 19 May 2001 and has, at the date of this Agreement, an issued
and paid-up share capital of S$3,000,000 comprising 3,000,000 ordinary shares.

(B) The Company is the registered holder of 25% of the total issued shares of PFS-FEDA Pte. Ltd.

(C) The Company is principally engaged in the business of providing property and integrated facilities management
solutions (the "**Business** ").

(D) The Vendors hold and own issued and paid-up ordinary shares in the share capital of the Company ()"**Shares** ")
as follows:

---

| | |
|:---|:---|
| **Name of Vendor** | **Number of Shares** |
| Tan Gim Har | 1,499,999 Shares |
| Cheng Jer Chian, Darren | 750,000 Shares |
| Cheng Yi Tong, Amanda | 750,000 Shares |

---

(E) The Vendors have agreed to sell to the Purchaser, and the Purchaser
has agreed to purchase from the Vendors, the Sale Shares (as defined below) on the terms and subject to the conditions contained in this
Agreement.

**NOW IT IS HEREBY AGREED** as follows

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement and in the Schedules unless the context requires
otherwise:

"**Accounts**" means the unaudited financial statements of the Company for the financial year ended the Balance Sheet Date as prepared by the Vendors on a consistent basis in accordance with accounting principles, standards and practices generally accepted as at the date hereof in Singapore;

"**ACRA**" means the Accounting and Corporate Regulatory Authority of Singapore;

"**Balance Sheet Date**" means 31 December 2024;

"**borrowed money**" includes any indebtedness for or in respect of money borrowed or raised (whether or not for a cash consideration), by whatever means (including acceptances, deposits and leasing), or for the deferred purchase price of assets or services;

"**Business**" has the meaning ascribed to it in Recital (C);

"**Business Day**" means a day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks are open for business in Singapore;

"**Claim**" includes any notice, demand, assessment, letter or other document issued or action taken by the Inland Revenue Authority of Singapore or other statutory or governmental authority, body or official whatsoever (whether of Singapore or elsewhere in the world) whereby the Company is or may be placed or sought to be placed under a liability to make payment on any Taxes or deprived of any relief, allowance, credit or repayment otherwise available;

"**Company**" has the meaning ascribed to it in Recital (A);

"**Companies Act**" means the Companies Act 1967 of Singapore;

"**Completion**" means completion of the sale and purchase of the Sale Shares pursuant to Clause 5;

"**Completion Date**" means the date falling 7 days after the date on which all conditions under Clause 3.1 have been fulfilled or waived, or such other date as the Parties may mutually agree in writing;

"**Completion Payment**" shall have the meaning ascribed to it in Clause 4.1.1;

"**Confidential Information**" means any information which is proprietary and confidential to the Company or any Party including but not limited to information concerning or relating in any way whatsoever to its distributorship, franchise or other arrangements, principals, any of the trade secrets or confidential operations, processes or inventions carried on or used by the Company or any Party, any information concerning the organisation, business, finances, transactions or affairs of the Company or any Party, its dealings, secret or confidential information which relates to its business or any of its principals', clients' or customers' transactions or affairs, its technology, designs, documentation, manuals, budgets, financial statements or information, accounts, dealers' lists, customer lists, marketing studies, drawings, notes, memoranda and the information contained therein, any information therein in respect of trade secrets, technology and technical or other information relating to the development, manufacture, clinical testing, analysis, marketing, sale or supply or proposed development, manufacture, clinical testing, analysis, marketing, sale or supply of any products or services by the Company or any Party, and plans for the development or marketing of such products or services and information and material which is either marked confidential or is by its nature intended to be exclusively for the knowledge of the recipient alone;

"**Consideration**" shall have the meaning ascribed to it in Clause 4.1;

"**Consideration Shares**" means 143,516 YY Group Shares to be allotted and issued to the Vendors in partial satisfaction of the Consideration pursuant to Clause 4.1.3, based on the agreed issue price of US$2.00 per YY Group Share and agreed exchange rate of US$1.00:S$1.3657;

"**debt**" means all or any indebtedness of the Company, including without limitation (a) all obligations of the Company for borrowed moneys or evidenced by bonds, debentures, notes, letters of credit or other instruments and securities, (b) all obligations of the Company as lessee under capital leases, (c) all obligations of the Company to pay the deferred purchase price of property or services, except accounts payable, accrued expenses or course trade payables arising in the course of business, and (d) all debt of other parties guaranteed by the Company, or secured by a lien on any of the assets of the Company;

"**Deed of Indemnity**" means a deed of indemnity to be entered into amongst the Purchaser, the Vendors and the Company, substantially in the form set out in Schedule 2;

"**Deferred Payment Date**" means the date falling twelve months from the Completion Date;

"**Disclosure Letter**" means the document dated on the Completion Date setting out matters which constitute exceptions to the Warranties (if any);

"**Eggsystems' Share**" refers to the 1 Share in the Company held by Eggsystems.com, Inc.;

"**Encumbrance**" means any mortgage, assignment of receivables, debenture, lien, charge, pledge, title retention, right to acquire, security interest, option, pre-emptive or other similar right, right of first refusal and any other encumbrance or condition whatsoever;

"**Indemnity Period**" means the period of two (2) years from the Completion Date;

"**Intellectual Property Rights**" means any trademark, pending trademark application, patent, pending patent application, know-how, registered and unregistered design, copyright, trade secret, licence relating to any of the above or other similar industrial or commercial right;

"**Long Stop Date**" means 31 March 2025; "**month**" means calendar month;

"**NAV Buffer**" shall have the meaning ascribed to it in Clause 7.2;

"**Sale Shares**" means 2,999,999 Shares, constituting 99.99997% of the total issued and paid- up share capital of the Company;

"**Shares**" shall have the meaning ascribed to it in Recital (D);

"**S$**" or "**Singapore Dollars**" means the lawful currency of Singapore;

"**Taxation**" or "**Taxes**" means all forms of taxation whether of Singapore or elsewhere in the world, past, present, future and deferred (including, without limitation, capital gains tax, income tax, real and personal property tax, withholding tax, estate duty, profits tax, stamp duty, value added tax, purchase tax, goods and services tax, customs and other import or export duties) or charges of any kind whatsoever, together with any interest and levies and all penalties, charges, costs and additions to tax, payable by or due from the Company, or any additional amounts imposed by any government, governmental agency, statutory body or any revenue authority, upon the the Company;

"**Transaction**" includes any transaction, act, event or omission of whatever nature;

"**US$**" or "**United States Dollars**" means the lawful currency of the United States of America;

"**Warranties**" means the representations, warranties and undertakings made by the Vendors contained or referred to in this Agreement and "**Warranty**" means any of them; and

"**YY Group Shares**" means class A ordinary shares of no par value in the issued and paid-up share capital of the Purchaser, a company listed on the Nasdaq Capital Market.

1.2 In this Agreement, a reference to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1 a statutory provision shall include that provision and any regulations
made in pursuance thereof as from time to time modified or re-enacted, whether before or after the date of this Agreement, so far as
such modification or re-enactment applies or is capable of applying to any Transactions entered into prior to Completion and (so far
as liability thereunder may exist or can arise) shall include also any past statutory provision or regulation (as from time to time modified
or re-enacted) which such provision or regulation has directly or indirectly replaced;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.2 "**this Agreement**" includes all amendments, additions, and variations thereto agreed
between the Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.3 "**person**" shall include an individual, corporation, company, partnership, firm, trustee,
trust, executor, administrator or other legal personal representative, unincorporated association, joint venture, syndicate or other business
enterprise, any governmental, administrative or regulatory authority or agency (notwithstanding that "**person**" may be
sometimes used herein in conjunction with some of such words), and their respective successors, legal personal representatives and assigns,
as the case may be, and pronouns shall have a similarly extended meaning;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.4 "**month**" is a reference to a period starting on one day in a calendar month and ending
on the numerically corresponding day in the next succeeding calendar month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.5 "**written**" and "**in writing**" include any means of visible reproduction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.6 "**Recitals** ", "**Clauses** ", and "**Schedules**" are to the
recitals, clauses of, and the schedules to, this Agreement (unless the context otherwise requires); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.7 "**paragraph**" is a reference to a paragraph of the Clause in which such reference appears.

1.3 Unless the context otherwise requires, words importing the singular shall include the plural and *vice versa* and words importing a specific gender shall include the other genders (male, female or neuter).

1.4 The Schedules form part of this Agreement and have the same force and effect as if expressly set out in
the body of this Agreement.

1.5 The headings in this Agreement are inserted for convenience only and shall not affect the construction
of this Agreement.

1.6 Any thing or obligation to be done under this Agreement which requires or falls to be done on a stipulated
day shall be done on the next succeeding Business Day, if the day upon which that thing or obligation is required or falls to be done
falls on a day which is not a Business Day.

1.7 Save as otherwise specified herein, the covenants, stipulation, undertakings, agreements and obligations
of each Vendor under this Agreement shall be deemed to be made by the Vendors jointly and severally and any covenant, stipulation, undertaking,
agreement or obligation expressed to be made by or on behalf of any Vendor shall be binding upon and enforceable against the Vendors jointly
and severally.

**2.** **SALE OF THE SALE SHARES** 

2.1 Subject to the terms and conditions of this Agreement, the Vendors shall sell as legal and beneficial
owners of the Sale Shares, and the Purchaser relying on the Warranties contained in this Agreement shall purchase the Sale Shares, free
from all Encumbrances and together with all rights, dividends, entitlements and advantages as of and including the Completion Date.

2.2 The Purchaser shall not be obliged to complete the purchase of any of the Sale Shares unless the purchase
of all the Sale Shares is completed simultaneously.

**3.** **CONDITIONS PRECEDENT** 

3.1 Completion of the sale and purchase of the Sale Shares is conditional upon the following condition(s)
having been fulfilled (or waived in writing):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1 the approvals of the board of directors of the Purchaser being
obtained for the entry into this Agreement and for the Transactions contemplated herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2 the completion of a legal, financial and business due diligence by the Purchaser in respect of the operations,
business, management and affairs of the Company (as deemed necessary by the Purchaser) and the results of such due diligence review being
satisfactory to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3 the Vendors supplying, or procuring the Company or its employees, officers, agents or representatives
to supply to the Purchaser, all such reasonable information (in such detail as may be reasonably satisfactory to the Purchaser) requested
by the Purchaser from time to time in connection with the due diligence review referred to in Clause 3.1.2;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.4 the receivables of the Company amounting to S$891,618.26 classified under "Other Debtors –
Corporate" having been impaired and deducted from "Other Debtors – Corporate" in the Accounts of the Company provided
by the Vendors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.5 the delivery by the Vendors to the Purchaser, on the Completion Date, of the Disclosure Letter on such
terms that are satisfactory to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.6 there being no breach of any of the Warranties and the Warranties remaining true and not misleading in
any material respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.7 each of the Parties having performed all of the covenants and agreements required to be performed or caused
to be performed by it under this Agreement on or before the Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.8 the Vendors having delivered a copy of the Accounts to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.9 there being no default by the Company in any of its obligations by which the Company may become bound
or liable to be called upon to repay prematurely any borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.10 there being no material adverse change in the business, operations, assets, financial condition or prospects
of the Company since the date of signing of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.11 all necessary governmental, regulatory and third party (if any) consents, approvals, clearances, releases
and waivers in respect of the Transactions contemplated in this Agreement and all other Transactions in connection therewith and incidental
thereto, having been obtained, for the entry into this Agreement and for the Transactions contemplated herein, and such consents, approvals,
clearances, releases and waivers remaining in full force and effect and not having been amended or revoked, and to the extent that such
consents, approvals and waivers are subject to any conditions, such conditions being reasonably acceptable to the Parties and to the extent
such conditions are required to be fulfilled, such conditions are so fulfilled.

3.2 If, at any time prior to Completion, the Vendors or the Purchaser
becomes aware of a fact or circumstance which might prevent any of the conditions set out in Clause 3.1 from being satisfied, it shall
immediately inform the other Party.

3.3 Unless specifically waived by the Purchaser, if any of the conditions
stated in Clause 3.1 (in the case of Clause 3.1.7, to the extent applicable to the Vendors) shall not be fulfilled on or before the Long
Stop Date or such other date as the Parties shall mutually agree in writing, the Purchaser shall have the right, by notice in writing
to the Vendors, to terminate this Agreement, whereupon this Agreement shall *ipso facto* cease and determine and no Party shall
have any claim against the other for costs, damages, compensation or otherwise, save for any claim arising from any antecedent breach
of the terms hereof.

3.4 Unless specifically waived by the Vendors, if the condition
stated in Clause 3.1.7 (to the extent applicable to the Purchaser) shall not be fulfilled on or before the Long Stop Date or such other
date as the Parties shall mutually agree in writing, the Vendors shall have the right, by notice in writing to the Purchaser, to terminate
this Agreement, whereupon this Agreement shall *ipso facto* cease and determine and no Party shall have any claim against the other
for costs, damages, compensation or otherwise, save for any claim arising from any antecedent breach of the terms hereof.

4. CONSIDERATION FOR THE SALE SHARES

4.1 The consideration for the Sale Shares (the "**Consideration** ")
shall be S$1,992,000, payable as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1 S$816,000, in cash on Completion (the "**Completion Payment** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2 S$784,000, in cash on the Deferred Payment Date, provided in the event that the total net asset value
of the Company is less than S$500,000 as at 31 December 2024, as determined by the auditors of the Purchaser, the amount in cash payable
by the Purchaser on the Deferred Payment Date shall be reduced by such amount of shortfall in the total net asset value of the Company
(" **Reduction** "), provided that the Reduction does not exceed S$500,000. In assessing the net asset value of the Company,
the Purchaser may accept the Accounts or appoint Marcum Asia LLP or any other reputable independent public accounting firm to determine
accordingly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3 S$392,000, in the form of the Consideration Shares (regardless of their prevailing value), to be issued
on or around the Deferred Payment Date, provided that the approval has been obtained from Nasdaq for the listing and quotation of the
Consideration Shares on Nasdaq Capital Market and has not been revoked or amended and to the extent that any conditions for the listing
and quotation of the Consideration Shares are required to be fulfilled, they have been so fulfilled, provided further that the aforesaid
shall be subject to and interpreted in accordance with all applicable statutory laws and SEC regulations, including but not limited to,
the holding period requirements for affiliates and non-affiliates under Rule 144 of the Securities Act of 1933, as amended. To the extent
that compliance with such laws and regulations affects the timing or manner of fulfilment of this condition, the Parties agree to work
in good faith to satisfy this condition in a manner consistent with all legal requirements.

4.2 For the avoidance of doubt, notwithstanding the deferred payments
of part of the Consideration, it is hereby agreed that the Purchaser shall have full title, interest and rights to the Sale Shares upon
their transfer to the Purchaser on the Completion Date. Any deferred payment of part of the Consideration due and outstanding shall remain
a debt due from the Purchaser to the Vendors.

4.3 In the event the Purchaser is unable to issue the Consideration
Shares pursuant to Clause 4.1.3 within one month from the Deferred Payment Date for whatsoever reason, the Purchaser shall pay the sum
of S$392,000 in cash.

4.4 The Vendors agree and undertake that the Consideration Shares
when issued shall be subject to a "lock-up" period of six months, during which period the holder(s) of the Consideration
Shares shall not, directly or indirectly, sell, contract to sell, realise, transfer, assign, lend, grant any security over, encumber
or otherwise dispose of or deal with all or any part of their interests in the Consideration Shares.

4.5 All payments of the Consideration to the Vendors, whether in
cash or in the form of the Consideration Shares, shall be made in proportion to the number of Sale Shares held by each Vendor.

5. COMPLETION

5.1 Subject to Clause 3, Completion shall take place on the Completion
Date at the office of the Company (or at such other place as the Parties may agree) where all of the events described below shall occur.

5.2 On Completion, the Vendors shall deliver to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1 the share certificate(s) in respect of the Sale Shares, together with valid share transfer form in respect
of the Sale Shares, duly executed by the Vendors in favour of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2 a certified true copy of the resolutions passed by the board of directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) approving the transfer of the Sale Shares to the Purchaser, subject only to the instrument of transfer
being duly stamped;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorising the issue of new share certificate in respect of the Sale Shares in favour of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) approving the lodgement of a notice of transfer of the Sale Shares with ACRA and the making of such entries
into the corporate records of the Company as may be necessary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) accepting and effecting the resignation of Tan Gim Har as director of the Company, with effect from the
Completion Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) authorising the execution and delivery of the Deed of Indemnity and the execution thereof as a deed by
the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.3 such waivers or consents as may be necessary, including but not limited to waivers of pre-emption rights
in respect of the Sale Shares, to enable the Purchaser to be registered as holder of any and all of the Sale Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.4 the Deed of Indemnity, duly executed by the Vendors and the Company.

5.3 On Completion and against compliance with the provisions of
Clause 5.2, the Purchaser shall deliver:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.1 the Completion Payment to the Vendors by way of cheques drawn on a bank licensed in Singapore and made
out in favour of the Vendors, or in such other manner as may be agreed between the Vendors and the Purchaser in writing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.2 the Deed of Indemnity, duly executed by the Purchaser.

5.4 For the avoidance of doubt, Completion is not contingent on
the cancellation or transfer of the Eggsystems' Share to the Purchaser, and Completion shall proceed with the understanding that
cancellation or transfer of the Eggsystems' Share to the Purchaser shall be effected post- Completion.

5.5 Without prejudice to any other remedies available, if in any
respect the provisions of this Clause 5 are not complied with by any Party on the Completion Date, the Party not in default may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5.1 defer Completion to a date not more than 28 days after the Completion Date (and so that the provisions
of this Clause shall apply to Completion as so deferred);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5.2 effect Completion so far as practicable having regard to the defaults which have occurred (without prejudice
to their rights hereunder); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5.3 rescind this Agreement.

6. WARRANTIES AND UNDERTAKINGS

6.1 The Vendors hereby jointly and severally represent, warrant
and undertake to and with the Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1 the Vendors are currently, and shall on Completion be, the legal and beneficial owner of the Sale Shares,
and that the Sale Shares represent, and shall on Completion represent, 99.99997% of the issued and paid-up share capital of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2 the Vendors are entitled to sell and transfer or procure the sale and transfer of the Sale Shares to the
Purchaser, free from all and any Encumbrances together with all rights and benefits attaching thereto as at the Completion Date and no
other person has or shall have any rights of pre-emption over such Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3 on Completion, the Sale Shares are and shall have been authorised, allotted, validly issued and fully
paid-up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4 they have full power and authority to execute and deliver this Agreement and the agreements contemplated
herein, and to consummate the Transactions contemplated hereby and that the Agreement and all such other agreements and obligations entered
into and undertaken in connection with the Transactions contemplated hereby constitute their valid and legally binding obligations, enforceable
against them in accordance with their respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5 their entry into and the performance of their obligations under this Agreement shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) infringe, or constitute a default under, any instrument, contract,
document or agreement to which they or the Company are a party or by which they, the Company or their respective assets are bound; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) result in a breach of any law, rule, regulation, ordinance,
order, judgment, decree, approval or licence of or undertaking to any court, government body, statutory authority or regulatory, administrative
or supervisory body to which they or the Company are a party or by which they, the Company or their respective assets are bound, whether
in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6 the information as set out in Recitals (A) to (E) is true and accurate in all respects and there is no
information the omission of which in the Recitals might make such information misleading or inaccurate in any respect.

Each of the representations, warranties and undertakings above shall be separate and independent and shall not, save as disclosed in the Disclosure Letter, be limited by anything in this Agreement. The Vendors acknowledge that the Purchaser has entered into this Agreement in full reliance upon and on the basis of each of the Warranties contained herein.

6.2 Save as disclosed in the Disclosure Letter, the Vendors hereby
jointly and severally represent, warrant and undertake to and with the Purchaser in relation to the Company in the terms set out in Schedule
1, and in relation to any Warranty which refers to the knowledge, information or belief of the Vendors, that it refers to the actual
knowledge of the Vendors after making due and proper enquiry into the subject matter of that Warranty. The Purchaser shall not make any
claim against the Vendors for any breach of a Warranty where the subject matter of the breach is disclosed in the Disclosure Letter.

6.3 The Vendors further undertake to the Purchaser that, prior to
Completion, but subject to the actual knowledge of the Vendors, should any material liability or undertaking have arisen with respect
to the Company or the Vendors, the Vendors shall have the responsibility to inform the Purchaser of such liability or undertaking.

6.4 If after the signing of this Agreement and before Completion,
any event shall occur or matter arise which results or may result in any of the Warranties being unfulfilled, untrue, misleading or incorrect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.1 the Vendors shall immediately notify the Purchaser in writing fully thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.2 the Vendors shall make any such investigation concerning the event or matter which the Purchaser may reasonably
require.

6.5 The warranties, representations and undertakings given herein
will be fulfilled down to and will be true and correct as at the Completion Date as if they had been entered into afresh at the Completion
Date. The Vendors shall not do, allow or procure any act or omission before Completion which would constitute a breach of any of the
Warranties if they were given at Completion or which would make any of the Warranties inaccurate or misleading if they were so given.

6.6 The Purchaser hereby represents, warrants and undertakes to
and with the Vendors that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.1 it has full power and authority to execute and deliver this Agreement and the agreements contemplated
herein, and to consummate the Transactions contemplated hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.2 this Agreement and all such other agreements and obligations entered into and undertaken in connection
with the Transactions contemplated hereby constitute its valid and legally binding obligations, enforceable against it in accordance with
its respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.3 the execution and delivery of, and the performance by the Purchaser of its obligations under this Agreement
will not and are not likely to result in a breach of any provision of the constitution of the Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.4 it enters and executes this Agreement as principal and not as an agent of a third party.

6.7 Save for this Clause 6 and Schedule 1, no Party makes any other
representations or warranties, express or implied, to the other Party.

6.8 Each and every obligation under this Clause 6 is a separate
and independent primary obligation and shall survive and shall not be extinguished in any way by Completion. Each and every obligation
shall be severally enforceable.

6.9 The Vendors hereby jointly and severally represent, warrant
and undertake to and with the Purchaser that the Vendors shall at their own expense take all necessary steps to procure as soon as practicable
after Completion the cancellation of the Eggsystems' Share so that the Sale Shares shall comprise the entire issued share capital
of the Company.

7. INDEMNITY

7.1 The Vendors jointly and severally irrevocably undertake to keep
the Purchaser, for itself and as agent and trustee for the Company, fully and effectively indemnified, during the Indemnity Period, against
any losses, costs, damages, claims, penalties, demands, actions, proceedings, liabilities and expenses (including but not limited to
all legal costs on a full indemnity basis), except for indirect, consequential or punitive damages that the Purchaser or the Company
may incur or suffer, in connection with or arising from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.1 any breach or inaccuracies of any of the Warranties and/or the Deed of Indemnity and/or any default by
any of the Vendors of his obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.2 any non-compliance with the Companies Act in relation to the obligations of the Company and/or its officers
prior to Completion; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.3 any claim whatsoever by Eggsystems.com, Inc. relating to the Eggsystems' Share or its rights thereunder,

provided that the maximum aggregate liablity of the Vendors under such indemnity shall be capped at 20% of the Consideration, except for cases where the Vendor(s) have committed fraud or wilful misconduct.

7.2 Notwithstanding any provision herein, any claim for indemnification
under this Clause may only be made if the aggregate quantum of losses claimed exceeds the NAV Buffer, in which case only the excess amount
above the NAV Buffer may be claimed by the Purchaser. For the purpose of this Clause, "**NAV Buffer**" means the amount
by which the total net asset value of the Company as at 31 December 2024, based on the Accounts and as confirmed by the Purchaser's
auditors, exceeds S$500,000.

7.3 Any liability to the Purchaser or the Company hereunder may
in whole or in part be released, compounded or compromised, or time or indulgence may be given, by the Purchaser or the Company in its
absolute discretion without in any way prejudicing or affecting its rights against the Vendors for any other breaches. Any release or
waiver or compromise shall be in writing and shall not be deemed to be a release, waiver or compromise of similar conditions in the future.

8. CONFIDENTIALITY

8.1 Each of the Parties agrees to keep strictly secret and confidential,
and under no circumstances disclose to any person or entity which is not a Party hereto, any Confidential Information arising from or
in connection with this Agreement unless disclosure of such information is expressly permitted by the prior written consent of the other
Parties.

8.2 The confidentiality obligation under Clause 8.1 shall not apply
to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1 any information obtained from any Party hereto which becomes generally known to the public, other than
by reason of any wilful or negligent act or omission of such Party or any of its agents, advisers, directors, officers, employees or representatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.2 any information which is required to be disclosed pursuant to any applicable laws or any requirement of
any competent governmental or statutory authority or pursuant to rules or regulations of any relevant regulatory, administrative or supervisory
body (including without limitation, any relevant stock exchange or securities council);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.3 any information which is required to be disclosed pursuant to any legal process issued by any court or
tribunal whether in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.4 any information disclosed by either Party to their respective bankers, financial advisers, consultants
and legal or other advisers for the purpose of this Agreement.

9. ANNOUNCEMENTS

9.1 Neither Party shall make or authorise the making of any announcement
concerning the existence or subject matter of this Agreement unless the other Party shall have given its written consent to such announcement
(such consent not to be unreasonably withheld or delayed).

9.2 Clause 9.1 shall not apply to any information which is required
to be disclosed pursuant to any applicable laws or any requirement of any competent governmental or statutory authority or rules or regulations
of any relevant regulatory, administrative or supervisory body (including without limitation, any relevant stock exchange in Singapore
or elsewhere or securities council).

10. COSTS

10.1 The Purchaser shall bear all stamp duty and other documentary
taxes (if any) payable in connection with the transfer of the Sale Shares from the Vendors to the Purchaser.

10.2 Save as set out in Clause 10.1, each Party shall bear its own
legal and other costs and expenses of and incidental to the negotiation, preparation and signing by it of this Agreement and all ancillary
documents and the sale and purchase hereby agreed to be made.

11. GENERAL

11.1 The provisions of this Agreement including the representations,
warranties, covenants and undertakings herein contained (insofar as the same shall not have been fully performed at Completion) shall
remain in full force and effect notwithstanding Completion and shall not in any respect be extinguished or affected by Completion, or
by any other event or matter whatsoever, except by a specific and duly authorised written waiver or release by the Purchaser or the Vendors,
as the case may be. Completion shall not prejudice any rights of any Party which may have accrued hereunder prior to Completion.

11.2 Save as expressly provided herein, any right of termination
conferred upon the Purchaser or the Vendors shall be in addition to and without prejudice to all other rights and remedies available
to it and no exercise or failure to exercise such a right of termination shall constitute a waiver of any such other right or remedy,
provided that any such right of termination shall be exercised prior to Completion.

12. ILLEGALITY

The illegality, invalidity or unenforceability of any provision of this Agreement under the law of any jurisdiction shall not affect its legality, validity or enforceability under the law of any other jurisdiction nor the legality, validity or enforceability of any other provision.

13. NOTICES

Any notice required to be given by a Party to the other Party shall be in writing (including by any written forms of electronic communication) and in the English language. It shall be deemed validly served by hand delivery or by electronic communication or by prepaid post or by a recognised courier service sent to the address or email address of the Parties given herein or such other address or email address as may from time to time be notified for this purpose. The initial addresses and email addresses of the Parties are:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Vendors** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 5 Rhu Cross #12-20, Singapore 437434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | darrencjc@hotmail.com |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Purchaser** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attention | Mr Mike Fu / Mr Jason Phua |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | mike@yygroupholding.com / jason.phua@yygroupholding.com |

---

Unless there is evidence that a notice or communication was received earlier, any such notice or communication shall be deemed to have been served:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if delivered by hand, at the time of delivery;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if posted by prepaid ordinary mail, at the expiration of three Business Days after the envelope containing the same shall have been
put into the post;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if sent by written forms of electronic communication, on the day of despatch; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if sent by courier, at the expiration of two Business Days after the package containing the same shall have been received by the relevant
courier company.

In proving such service it shall be sufficient to prove that delivery by hand was made or that the envelope containing such notice or document was properly addressed and posted as a prepaid ordinary mail letter or that the electronic communication was properly addressed and despatched or, as the case may be, the package containing such notice or document was properly addressed and sent to the relevant courier company.

14. FURTHER ASSURANCE

Each Party shall do and execute or procure to be done and executed all such further acts, deeds, things and documents as may be necessary to give effect to the terms of this Agreement.

15. ENTIRE AGREEMENT

This Agreement, and the documents referred to in it, constitutes the entire agreement and understanding between the Parties relating to the subject matter of this Agreement and supersede all prior and contemporaneous agreements, correspondence or understanding, express or implied, oral or written. The Parties agree that no Party has entered into this Agreement in reliance upon any representation, warranty or undertaking of the other Part(ies) which is not set out or referred to in this Agreement. Nothing in this Clause 15 shall however operate to limit or exclude liability for fraud.

16. ASSIGNMENT

This Agreement shall be binding upon and enure for the benefit of the successors-in-title and permitted assigns of the Parties. No Party shall (nor shall it purport to) assign, transfer, charge or otherwise deal with all or any of its rights under this Agreement nor grant, declare or dispose of any right or interest in it without the prior written consent of the other Part(ies).

17. VARIATIONS

17.1 No variation of this Agreement (or of any of the documents referred
to in this Agreement) shall be valid unless it is in writing and signed by or on behalf of each Party. The expression "**variation** "
shall include any amendment, supplement, deletion or replacement however effected.

17.2 Unless expressly agreed, no variation shall constitute a general
waiver of any provisions of this Agreement, nor shall it affect any rights, obligations or liabilities under or pursuant to this Agreement
which have already accrued up to the date of variation, and the rights and obligations of the Parties under or pursuant to this Agreement
shall remain in full force and effect, except and only to the extent that they are so varied.

18. REMEDIES AND WAIVERS

No failure on the part of any Party to exercise, and no delay on its part in exercising, any right or remedy under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.

19. TIME OF ESSENCE

Any date, time or period mentioned in any provision of this Agreement may be extended by mutual agreement between the Parties but as regards any time, date or period originally fixed and not extended or any time, date or period so extended as aforesaid, time shall be of the essence.

20. COUNTERPARTS

This Agreement may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any Party may enter into this Agreement by signing any such counterpart and each counterpart may be signed and executed by each Party and transmitted by electronic transmission and shall be as valid and effectual as if executed as an original.

21. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT

Save for the Company, a person who is not party to this Agreement has no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement, but this does not affect any right or remedy of a third party which exists or is available apart from the said Act.

22. GOVERNING LAW

22.1 This Agreement shall be governed by, and construed in accordance
with, the laws of Singapore.

22.2 The Parties agree to submit to the non-exclusive jurisdiction
of the courts of Singapore.

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**SCHEDULE 1**

**REPRESENTATIONS AND WARRANTIES**

1. *Information* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Recitals are true and all information contained in any document
or communication in writing which has been given by the Vendors or their advisers, agents, employees, officers or representatives to
the Purchaser or its advisers, agents, employees, officers or representatives in the course of the negotiations leading to this Agreement
was when given true and accurate in all material respects and is not misleading whether because of any omission or ambiguity or for any
other reason and the copies of all contracts and other documents supplied to the Purchaser or any of its advisers, agents, employees,
officers or representatives by or on behalf of the Vendors or the Company or any of their respective advisers, agents, employees, officers
or representatives are true and complete in all material respects and the contents of such copy contracts comprise the entire agreement
between the parties to them. After making due and careful enquiries, the Vendors have no knowledge of any fact or matter not disclosed
in writing to the Purchaser which renders any such information untrue, inaccurate or misleading in any material respect or the disclosure
of which might affect the willingness of the Purchaser to purchase the Sale Shares from the Vendors on the terms of this Agreement or
the price at or terms upon which the Purchaser would be willing to purchase them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The information contained in the Disclosure Letter and the documents annexed to or referred to in it is
true and accurate in all material respects and is not misleading in any material respect, whether because of any omission or ambiguity
or for any other reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Purchaser will promptly be notified in writing by the Vendors of any matter of thing of which he becomes
aware which is a breach of or inconsistent with any of the Warranties.

2. *Copies of Accounts, Constitution, etc* 

 

The copies of the Accounts and the constitution (or the equivalent constitutive documents) of the Company furnished to the Purchaser are true and complete copies and in the case of the constitutive documents of the Company, contain full details of the rights and restrictions attached to the share capital of the Company. Copies of all the resolutions and agreements (including without limitation, shareholders' agreements, voting agreements etc.) required by law to be annexed to or incorporated in the constitutive documents of the Company are annexed or incorporated and there have been no amendments to such constitutive documents which have not been lodged or otherwise registered with ACRA or other equivalent authority.

3. *Accounts* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Accounts have been prepared in accordance with all applicable laws and on a consistent basis in accordance
with accounting principles, standards and practices generally accepted at the date hereof in Singapore so as to give a true and fair view
of the state of affairs of the Company at the date of the Accounts and of the profits or losses for the period concerned and as at that
date make:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) full provision for all actual liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) proper and adequate provision for all contingent liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) provision reasonably regarded as adequate for all bad and doubtful debts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) due provision for depreciation and amortisation and for any obsolescence of assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The stock and work-in-progress are included in the Accounts at figures not exceeding the amounts which
could in the circumstances existing at the date of the Accounts reasonably be expected to be realised in the normal course of carrying
on the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Full provision or reserve has been made in the Accounts for all Taxation liable to be assessed on the
Company or for which it is or may become accountable in respect of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) profits, gains or income (as computed for Taxation purposes) arising or accruing or deemed to arise or accrue on or before the date
of the Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Transactions effected or deemed to be effected on or before the date of the Accounts or provided for in the Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) distributions made or deemed to be made on or before the date of the Accounts or provided for in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Proper provision or reserve for deferred Taxation has been made in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The profits and losses of the Company for the financial period ended on the Balance Sheet Date as shown
by the Accounts, the accounts of the Company for previous periods delivered to the Purchaser and the trend of profits thereby shown have
not (except as therein disclosed) been affected by inconsistencies of accounting practices, by Transactions entered into otherwise than
on normal commercial terms or by any other factors rendering such profits for all or any of such periods exceptionally high or low (other
than as disclosed in the relevant accounts).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company does not have any outstanding loan capital, nor has it factored any of its debts, or engaged
in financing of a type which would not be required to be shown or reflected in the Accounts or borrowed any money which it has not repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) There are no liabilities (including contingent liabilities) which are outstanding on the part of the Company,
other than those liabilities disclosed in the Accounts or which have arisen in the ordinary course of business since the date of the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) No Transaction of any importance to which the Company has been party has taken place which, if it had
taken place on or before the date of the Accounts, would have been required to be disclosed or reflected in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No value was attributed in the Accounts to any asset which was not beneficially owned by the Company at
the date of the Accounts.

4. *Changes since the Balance Sheet Date* 

 

From the Balance Sheet Date and up to the Completion Date as regards the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its business has been lawfully carried on in the ordinary course and so as to maintain the same as a going
concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it has not disposed of any assets or assumed or incurred any liabilities (including contingent liabilities)
otherwise than in the ordinary course of carrying on its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no dividend or other distribution has been declared, made or paid to its members except as provided for
in the Accounts or as provided in this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) neither its turnover nor its trading position has deteriorated materially;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no material change has been made in the emoluments or other terms of employment of its directors or any
of its employees with an annual remuneration above S$100,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) it has not borrowed any money or issued any guarantee or created any charge or Encumbrance over any asset
other than as disclosed in the Accounts or otherwise than in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no share or loan capital has been allotted or issued or agreed to be issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) there has been no unusual increase or decrease in the level of its stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it has not entered into any unusual, long term or onerous commitments or contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) after making due and careful enquiries, it has not learnt of any circumstance making bad or doubtful any
of its book debts, save as disclosed in the Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) it has not knowingly waived or released any proprietary rights howsoever arising;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) it has not acquired or disposed of or granted any right or option or created any other Encumbrance, save
for those created pursuant to this Agreement or in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) no resolutions have been passed and nothing has been done in the conduct or management of its affairs
which would be likely to reduce its net asset value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) no change has been made to the accounting practices adopted in relation to the Company and the accounting
practices adopted for the Company are consistent with those adopted in the Accounts.

5. *Litigation* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Since the Balance Sheet Date, no claim has been made against the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company is not at present engaged whether as plaintiff or defendant or otherwise in any legal action,
proceeding or arbitration (other than as plaintiff in the collection of debts arising in the ordinary course of its business) or being
prosecuted for any criminal offence. The claim by the Company in Case Number MC/OC 5999/2024 against The Management Corporation Strata
Title Plan No. 4348 has been fully settled and the Company has received the full settlement sum of S$22,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the best of the Vendors' knowledge or belief, and after conducting reasonable inquiries, and
except as disclosed in the Disclosure Letter, there are no circumstances known to the Vendors which are likely to lead to any such claim
or legal action, proceeding or arbitration (other than as aforesaid) or prosecution which could adversely affect the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There is not in force any court injunction, order or directive restraining or restricting the Company
from carrying on its business or any part thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of the Vendors' knowledge or belief, the Company is not subject to any outstanding judgment,
order or decree of any court, tribunal or regulatory or government body or any undertaking to any court, judicial authority or regulatory
or government body or any outstanding arbitration award; there are no civil, criminal, administrative or disciplinary or arbitration proceedings
in progress, pending or threatened against the Company and there are no facts likely to give rise to any such proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the best of the Vendors' knowledge or belief, neither the Company nor any person for whose acts
or defaults it may be liable has committed any criminal, illegal or other unlawful act or any breach of contract or statutory duty or
any tortious or other act or default which could lead to a claim or proceedings against the Company or give rise to or increase the liability
or obligation of the Company or which could entitle any other person to terminate any contract to which the Company is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) To the best of the Vendors' knowledge or belief, there are no investigations, inquiries or disciplinary
proceedings by or before any regulatory, administrative, supervisory or government body concerning the Company, whether on-going, pending
or threatened and there are no facts likely to give rise to any such investigation, inquiry or proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) To the best of the Vendors' knowledge or belief, the Company has not been convicted of any offence
and no director of the Company has been convicted of any offences in relation to the Company.

6. *Taxation* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There is no liability on the Company to Taxation in respect of which a Claim could be made and there are
no circumstances likely to give rise to such a liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All income tax, goods and services tax, property tax, stamp duties, and other taxes charges and levies
assessed or imposed by any government or governmental or statutory body which have been assessed upon the Company and which are due and
payable on or before Completion have been paid and were paid on or before the relevant due date for payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In relation to stamp duty assessable or payable in Singapore or elsewhere in the world, as at the date
of this Agreement and as at the Completion Date, all documents in the enforcement of which the Company may be interested have been duly
stamped and no document belonging to the Company now or at Completion which is subject to ad valorem stamp duty is or will be unstamped
or insufficiently stamped; nor has any relief from such duty been improperly obtained, nor has any event occurred as a result of which
any such duty from which the Company has obtained relief, has become payable; and all stamp duty payable upon any transfer of shares in
the Company before Completion has been duly paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In relation to goods and services tax, the Company, in its relevant jurisdiction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has been duly registered and is a taxable person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) has complied, in all respects, with all statutory requirements, orders, provisions, directions or conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) maintains complete, correct and up to date records as is required by the applicable legislation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) has not been required by the relevant authorities of customs and excise to give security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not paid nor will it become liable to pay any penalty or interest under any Taxation statute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company has not been the subject of an investigation, discovery or access order by or involving any
Taxation authority and there are no circumstances existing which make it likely that an investigation, discovery or order will be made.

7. *Contributions* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All deductions and payments required to be made by the Company in respect of contributions (including
employer's contributions) to any relevant competent authority have been so made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Proper records have been maintained in respect of all such deductions and payments and all regulations applicable thereto have been complied with.

8. *Tax returns* 

 

The Company has duly made all returns and given or delivered all notices, accounts and information which on or before the date hereof ought to have been made, given or delivered for the purposes of Taxation and all such returns, notices, accounts and information (and all other information supplied to the Inland Revenue or the Customs and Excise or other Taxation authority concerned for any such purpose) have been complete and correct and made on a proper basis and none of such returns, notices, accounts or information is disputed in any respect by the Taxation authority concerned and there is no fact known to the Vendors which might be the occasion of any such dispute or of any Claim for Taxation in respect of any financial period down to and including the Completion Date not provided for in the Accounts.

9. *Employees* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There are not in existence any contracts of service with directors or employees of the Company, nor any
consultancy agreements with the Company, which cannot be terminated by three (3) months' notice or less or (where not reduced to
writing) by reasonable notice without giving rise to any claim for damages or compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There are no amounts owing to any present or former directors or to employees of the Company save for
accrued benefits and remuneration due to present directors and employees of the Company, full details of which have been set out in the
Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save to the extent (if any) to which provision or allowance has been made in the Accounts, the Company
has not made or agreed to make any payment to or provided or agreed to provide any benefit for any present or former director or employee
which is not allowable as a deduction for the purposes of Taxation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Save to the extent (if any) to which provision or allowance has been made in the Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) no liability has been incurred by the Company for breach of
any contract of service or for services, for redundancy payments or for compensation for wrongful dismissal or unfair dismissal or for
failure to comply with any order for the reinstatement or re-engagement of any employee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no gratuitous payment has been made or promised by the Company in connection with the actual or proposed
termination or suspension of employment or variation of any contract of employment of any present or former director or employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of the Vendors' knowledge or belief, the Company has in relation to each of its employees
(and so far as relevant to each of its former employees) complied in all respects with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all obligations imposed on it by all statutes, regulations and mandatory codes of conduct and practice
relevant to the relations between it and its employees and has maintained current and adequate records regarding the service of each of
its employees; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all relevant orders and awards made under any relevant statute, regulation or code of conduct and practice
affecting the conditions of service of its employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the best of the Vendors' knowledge or belief, none of the employees of the Company is a member
of a trade union. As such, the Company is not involved in and has not received notice of any industrial or trade dispute or any dispute
or negotiation with any trade union or association of trade unions or organisation or body of employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) As at the date of this Agreement and as at the Completion Date, save for existing employee referral arrangement(s),
bonus and incentive schemes, the Company does not have in existence and is not proposing to introduce, any incentive scheme, share incentive
scheme, share option scheme, profit sharing scheme or other bonus commission or incentive scheme for all or any part of its directors
or employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) As at the date of this Agreement and as at the Completion Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company has not hired or committed to hire any employees or independent contractors or promoted or
committed to promote any employees into or within the director, manager or officer levels;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no employee of the Company receives or is entitled (contingently or otherwise) to receive any bonus, commission,
variable remuneration, insurance, benefit in kind, motor vehicle for private use or other reward other than wages or salary at a fixed
rate, save for the reimbursement of expenses incurred in the normal course of business of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all employees who require one have an employment pass or other required permit entitling such employee
to work in Singapore or elsewhere in the world.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As at the date of this Agreement and as at the Completion Date, the Company has not offered or agreed
to increase the remuneration of or to alter any of the material terms and conditions of employment of any of its employees in a managerial
or executive position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) There are no amounts owing to any present or former employee of the Company other than remuneration or
commission accrued for the current wage or salary period or for reimbursement of normal business expenses and no present or former employee
of the Company has any claim against it or right to be indemnified by it arising out of an act or omission in the course of his office
or employment on or before the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) As at the date of this Agreement and as at the Completion Date, none of the employees of the Company has
any accrued rights to holiday pay or to pay in lieu of holidays which have not been provided for in full in the relevant Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The Company does not have any agreement or other arrangement (whether or not legally binding) with any
trade union or other body representing employees of the Company or any of them and the Company does not recognise any trade union or other
body representing employees of the Company or any of them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) There has been no strike, work to rule, work stoppage, work interference activity or industrial action
(official or unofficial) by any employee of the Company within the last five years, threatened or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) As at the date of this Agreement and as at the Completion Date, no employee of the Company with an annual
remuneration of S$60,000 or more has resigned or submitted a letter of resignation or threatened to resign or indicated an intention to
resign that the Vendors are aware of.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) There is no agreement, arbitration or court decisions or governmental, regulatory or supervisory orders
which are binding on the Company which limit or restrict in any way the Company from relocating or closing any of its operations.

10. *Pensions, Grants and Employment Schemes* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As at the date of this Agreement and as at the Completion Date,
save for those required by law under the relevant jurisdiction, there are not in existence nor has any proposal been announced to establish
any retirement, death or disability benefit schemes for directors or employees nor are there any obligations to or in respect of present
or former directors or employees with regard to retirement, death or disability pursuant to which the Company is or may become liable
to make payments and no pension or retirement or sickness gratuity is currently being paid or has been promised by the Company to or
in respect of any former director or former employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Where grants, subsidies or allowances have been applied for or received by the Company from any government
body, there are no grounds upon which any such grant, subsidy or allowance or any part thereof could be liable to be repaid or recovered
whether by reason of completion of this Agreement or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company is not a party to any scheme or programme relating to the temporary or permanent engagement
or training of employees under which it receives any subsidy or other financial assistance from any government body.

11. *Debts to, contracts with, connected persons* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save as disclosed in the Accounts, there are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (A) no loans made by the Company to, and (B) no debts (whether
or not due for payment and including contingent liabilities) or unfulfilled obligations (present or future, actual or contingent) owing
to, the Vendors or to any director, officer, employee or shareholder of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no securities given by or to the Company (including guarantees or indemnities) for any such loans or debts
as aforesaid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no claim or circumstance which may give rise to a claim against the Company by the Vendors or any director,
officer, employee or shareholder of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Save as disclosed in the Accounts, there are no existing contracts, arrangements, understandings or engagements
to which the Company is a party and in which the Vendors, and/or any director, officer, key employees or shareholder of the Company is
directly or indirectly interested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save as disclosed in the Accounts, there is no contract, arrangement or understanding to which the Company
is a party or by which it is bound which is not on entirely arm's length terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The financial position of the Company and its results as appearing from the Accounts were not and have
not since been affected by any Transaction, contract or arrangement not on entirely arm's length terms.

12. *Capital commitments, unusual contracts, guarantees* 

 

The Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) does not have any capital commitment in excess of S$500,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is not a party to any contract entered into otherwise than in the ordinary and usual course of business
or any non-competition contract or any contract of an onerous or long-term nature;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) has not delegated any powers under a power of attorney which remains in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) has not by reason of any default by it in any of its obligations become bound or liable to be called upon
to repay prematurely any loan capital or borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is not a party to any agreement which is or may become terminable
or which contain provisions which may operate adversely against the Company as a result of the entry into or completion of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) has not entered into nor is bound by any guarantee or indemnity under which any liability or contingent
liability is outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) is not and has not agreed to become a member of any joint venture, consortium, partnership or other unincorporated
association; is not and has not agreed to become, a party to any agreement or arrangement for participating with others in any business
sharing commissions or other income;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) is not a party to any agreement or arrangement which restricts its freedom to carry on its business in
any part of the world in any manner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has not and will not at any time prior to Completion sell or otherwise dispose of any shares or capital
or assets in circumstances such that it is, or may be, still subject to any liability (whether contingent or otherwise) under any representation,
warranty or indemnity given or agreed to be given on or in connection with such sale or disposal.

13. *Book debts* 

Save as disclosed in the Accounts, none of the book debts which are included in the Accounts or which have subsequently arisen have been outstanding for more than six months as at the date of this Agreement and each such debt has realised or will realise in the normal course of collection its full value as included in the Accounts or in the books of the Company after taking into account any provision for such debt made in the relevant Accounts.

14. *Insurance* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the best of the Vendors' knowledge and belief, there exist valid insurance policies taken out
by the Company to insure it adequately against liabilities and losses and risks to which persons operating the types of businesses operated
by the Company is exposed or to comply with the applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In respect of such insurances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all premiums have been duly paid to date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all the policies are in force and are not voidable on account of any act, omission or non-disclosure on the part of the insured party;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) none of the insurance policies is subject to any special or unusual terms or restrictions or to the payment of any premium in excess
of the usual rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No claims have been made by the Company on its insurers, nor
have any circumstances arisen which may give rise to any claim, which (in either case) could have the effect of causing future premiums
to be higher than would otherwise be the case.

15. *Title to and condition of assets* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All assets (including all intangible assets) owned, held or used by the Company which are included in
the Accounts or have otherwise been represented as being the property of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are legally and beneficially owned by it free from any Encumbrance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are in its possession or under its exclusive control; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) are situated in Singapore.

All debts due to the Company which are included in the Accounts or have otherwise been represented as being due to the Company are legally and beneficially owned by it free from any Encumbrance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There is no Encumbrance on, over or affecting the whole or any part of the undertaking, assets or debts
of the Company and there is no agreement or commitment to give or create any Encumbrance and no claim has been made by any person to be
entitled to any Encumbrance and save for hire-purchases and other lease commitments arising in the ordinary course of business, none of
such undertaking, assets or debts are the subject of any factoring arrangement, hire-purchase, conditional sale or credit sale agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company is able to prove title to all the assets owned by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company has not received any sum, property or benefit the payment or transfer of which is liable to
be avoided, or which is liable to be recovered from it, under any rule or law and the Company does not hold any sum, property or right
as trustee or constructive trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The assets owned by the Company comprise all the assets necessary to enable the Company to carry on its
business fully and effectively in the ordinary course as carried on up to the present time and no such assets are used wholly or partly
for any purpose other than its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All assets owned or used by the Company which are subject to a requirement of licensing or registration
of ownership possession or use are duly licensed or registered in its sole name.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Nothing has occurred or is likely to occur in relation to an
asset held by the Company, under a lease or similar agreement, whereby the rental payable has been, or is likely to be, increased, until
the date of expiry of the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All vehicles, if any, owned by the Company (including without limitation, company vehicles used by any
of its employees) are registered in its sole name and are duly licensed and insured for all purposes for which they are used, all registration
documents relating thereto are in its possession, and all necessary goods vehicle operators' licences are held by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The assets registers of the Company comprise a complete and accurate record of all machinery, equipment
and vehicles owned, held or used by it and are capable of being reconciled in respect of each item with the book values of such assets
in its accounting records, save for items which have fully depreciated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) All machinery, equipment and vehicles, if any, owned or used by the Company are in reasonably good and
safe repair and condition having regard to their respective age, have been regularly and properly maintained and is in working order,
and none is in a dangerous or (in the case of vehicles) unroadworthy condition or in need of renewal or replacement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Where relevant, maintenance contracts are in full force and effect in respect of all assets of the Company
which it is normal or prudent to have maintained by independent or specialist contractors and which it is obliged to maintain or repair
under any hire purchase, leasing, rental, insurance or other agreement.

16. *Compliance with leases and other agreements* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The terms of all material leases and agreements to which the Company is a party have been duly complied
with by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No such lease or agreement will become subject to avoidance, revocation or be otherwise affected upon
or in consequence of the making or implementation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) True and complete copies of all such leases and agreements have been delivered by the Vendors to the Purchaser.

17. *Statutory and other requirements, consents and licences* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has carried on its business in accordance with applicable laws and regulations in its relevant
jurisdiction and there is no investigation or enquiry by, or order, decree or judgment of, any court or any governmental agency or regulatory
body outstanding or anticipated against the Company or which may have an adverse effect upon any of its assets or business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All statutory and other requirements applicable to the carrying on of the business of the Company as now
carried on, and all conditions applicable to any licences and consents involved in the carrying on of such business, have been complied
with and the Vendors are not aware of any breach thereof or of any intended or contemplated refusal or revocation of any such licence
or consent.

18. *Books and records* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The statutory records, registers and books and the books of account of the Company have been properly
kept, are duly entered up and maintained in accordance with all legal requirements applicable thereto and contain true, full and accurate
records of all matters required to be dealt with therein and all such books and all records and documents (including documents of title
and copies of all subsisting agreements to which the Company is a party) are its property, in its possession or under its control. All
accounts, documents and returns required to be delivered or made to the Registrar of Companies (or equivalent officer) in Singapore have
been duly and correctly delivered or made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has not received any notice of any application or intended application under any applicable
legislation for the rectification of its statutory records, registers and/or books.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All charges in favour of the Company have (if appropriate) been registered in accordance with the provisions
of any applicable legislation.

19. *Options on share capital or assets* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No unissued shares or capital of the Company are under option or agreed conditionally or unconditionally
to be placed under option or created or issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There is no option, right to acquire, mortgage, charge, pledge, lien or other form of security or Encumbrance
on, over or affecting the shares or capital in, or any of the assets or businesses of, the Company and there is no agreement or commitment
to give or create any of the foregoing.

20. *Intellectual Property Rights* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All Intellectual Property Rights used or required by the Company in connection with its business (including,
without limitation, all and any products manufactured, assembled and/or sold or leased or rented by it) are in full force and effect and
are vested in and beneficially owned by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Company has copyright in all drawings and design rights in all designs relating to its business
 (if any) and all such drawings and designs are in its possession and it has not supplied
 copies of any such drawings or designs to any other person, save in the ordinary course of
 its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company does not require any patent, trade or service mark, registered design, copyright, design right,
licence or other right of any other person in order to manufacture or sell or lease its products or to use the processes employed in its
business as presently carried on and none of the activities of the Company infringes any patent or other intellectual property of any
kind whatsoever of any other person or gives rise to an obligation to pay any sum in the nature of a royalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is the sole beneficial owner of its Intellectual Property Rights (if any), and each of those
Intellectual Property Rights is valid and enforceable, and none of them is being used, claimed, opposed or attached by any other person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No right or licence has been granted to any person by the Company to use in any manner or to do anything
which would or might otherwise infringe any of the Intellectual Property Rights referred to above; and no act has been done or omission
permitted by the Company whereby such Intellectual Property Rights or any of them have ceased or might cease to be valid and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The business of the Company as now carried on does not and is not likely to infringe any Intellectual
Property Right of any other person or give rise to a liability pursuant to the laws relating to Intellectual Property Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company has not (otherwise than in the ordinary and normal course of business) intentionally disclosed
or permitted to be disclosed or undertaken or arranged to disclose to any person other than the Purchaser any of its know-how, trade secrets,
confidential information, price lists or lists of customers or suppliers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Nothing has been done or omitted by the Company which would enable any licensee under a licence granted
by it to be terminated or which in any way constitutes a breach of the terms of any licence.

21. *Subsidiaries and Associated Companies* 

 

Save for PFS-FEDA Pte. Ltd., the Company is not the legal or beneficial owner or holder of any share nor has any interest of any description in any other corporation and does not have any associated company (being a company which falls to be treated as such for the purposes of the Singapore Accounting Standards and/or the International Financial Reporting Standards).

22. *Property* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company does not own any freehold or leasehold property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The properties which are occupied or otherwise used by the Company in connection with its business are
occupied or used under lease, the terms of which permit the occupation or use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company has complied and is complying with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all permissions, orders and regulations applicable to the properties
which it occupies or uses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all applicable statutory and by-law requirements with respect to the properties which it occupies or uses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) With respect to the properties rented or leased by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) true, complete and correct copies of all leases have been delivered by the Vendors to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Company has paid the rent and observed and performed in all material respects the covenants on the
part of the tenant and the conditions contained in any leases under which the properties are held, and all the leases are valid and in
full force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all licences, consents and approvals required from the landlords under any leases have been obtained and
the covenants on the part of the tenant contained in the licences, consents and approvals have been duly performed and observed in all
material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) there are no rent reviews under the leases held by the Company in progress; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) no obligation necessary to comply with any notice or other requirement given by the landlord under any
leases is outstanding and unobserved or unperformed.

23. *Corporate Matters* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has been duly incorporated and is validly existing under the laws of its relevant jurisdiction
and is not in receivership or liquidation. The Company has not taken any steps to enter into liquidation and the Vendors are not aware
of any petition being presented for the winding up of the Company and the Vendors are not aware of any grounds on which a petition or
application could be based for the winding up or appointment of a receiver of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Vendors are the legal and beneficial owners of the Sale Shares free and clear of any Encumbrance and
the Company has not exercised any lien over any of its issued shares and there is no outstanding call on any of the Sale Shares and all
of the Sales Shares are fully paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Sale Shares constitute 99.99997% of all the issued shares in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company does not have any place of business or branch or permanent establishment outside its relevant
jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not reduced, repaid or purchased any of its share capital, and there are no options or
other agreements outstanding which call for the issue of or accord to any person the right to call for the issue of any shares in the
capital of the Company or the right to require the creation of any Encumbrance over any shares in its share capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company has complied with its constitution (or the equivalent constitutive documents) in all material
respects and none of the activities, agreements, commitments or rights of the Company is *ultra vires* or unauthorised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All governmental approvals, licences and authorisations which were necessary in connection with the incorporation
of the Company, the allotment or transfer of shares in the Company to the present and former holders thereof and the appointment of directors
were duly obtained and such approvals, licences and authorisations (and of all amendments and supplements thereto) have been disclosed
to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Save as disclosed in the Accounts and save for those debts arising in the ordinary course of business,
the Company shall be free of any debt or liability of any nature whatsoever (whether actual, contingent or otherwise) as at the Completion
Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company can pay and discharge, or cause to be paid and discharged, all its debts and liabilities when
they mature or become due or are expressed to be due.

24. *Fees, Commissions and Brokerage* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No person is entitled to recover from the Company any finders' fees, brokerage or other commission
in connection with the sale and purchase of the Sale Shares under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No claim or demand for payment of commission, legal or accountancy fees or other payments has been or
will be made against the Company by any person directly or indirectly in connection with the negotiations leading to this Agreement.

25. *Computers and Computer Systems* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the best of the Vendor's knowledge and belief, all software used that have been purchased by
the Company on or stored or resident in the computers or computer systems owned by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are lawfully held and used and does not infringe the copyright
or other Intellectual Property Rights of any person and all copies held have been lawfully made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) as to the copyright therein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) in the case of standard package software purchased outright,
are licensed to it on an express or implied licence which does not require it to make any further payments (save for ordinary fees for
maintenance and software support), are not terminable without its consent and which imposes no restrictions (save as to copying) on the
use or transfer of the software; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) in the case of all other software, is licensed to it on the
terms of a written licence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No software owned by or licensed to the Company is used by or licensed by it to any other person, save
for any sub-licensing in the ordinary course of business.

26. *Banking and Finance* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company does not have any bank, building society or other similar account (whether in credit or overdrawn)
other than the current account(s) at the banks disclosed to the Purchaser and details of those accounts, including the overdraft limit
thereon and the relevant bank mandates, have been disclosed to the Purchaser, and there have been no payments out of or drawings against
the said accounts except for payment in the ordinary and proper course of business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Save as disclosed to the Purchaser, the Company does not have any liabilities in the nature of borrowings
or in respect of debentures or negotiable instruments other than cheques drawn in the ordinary course of business on the bank account(s)
referred to in paragraph 26(a) and save as disclosed to the Purchaser, the Company is not a party to any loan agreement, facility letter
or other agreement for the provision of credit or financing facilities to it or any agreement for the sale, factoring or discounting of
debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No circumstances have arisen which could now (or which could with the giving of notice or lapse of time
or both) entitle a provider of finance to the Company (other than on a normal overdraft facility) to call in the whole or any part of
the monies advanced or to enforce its security, and no provider of finance to it on overdraft facility has demanded repayment or indicated
that the existing facility will be withdrawn or reduced or not renewed or that any terms thereof will be altered to its disadvantage.
None of the Company's credit lines or facilities or any offers in respect thereof shall be terminated, revoked or reviewed as a
consequence of the change in shareholdings upon Completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All of the Company's borrowings if not already disclosed in writing, are disclosed in the Disclosure
Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not engaged in any borrowing or financing Transaction or arrangement which does not appear
as borrowings in the relevant Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Neither the Company nor any other person has given or undertaken to give any security or guarantee for
any of its liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company has not given or undertaken to give any security or guarantee for any liability of any person.

27. *Contracts* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) None of the contracts or purported contracts of the Company is void, voidable or unenforceable by it.
The Company is not in breach of any of its contractual obligations and no other party to any contract to which the Company is a party
is in breach of that contract or is unlikely to be able or willing to fulfil its contractual obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No event or omission has occurred or been permitted to arise which would entitle any third party to terminate
prematurely any contract to which the Company is a party or call in any money or enforce any obligation before the date on which payment
or performance would normally be due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company has complete and accurate records of the terms of all contracts to which it is a party or
by which it is bound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The material contracts entered into by the Company have been disclosed by the Vendors to the Purchaser
in writing and made available for inspection to the Purchaser.

28. *Customers and Suppliers* 

 

So far as the Vendors are aware, there has been no express communication by any customer, supplier and/or employee of the Company which would indicate that the attitudes, actions or prices of such customer, supplier and/or employee (with regard to the Company) will be prejudicially affected by the execution or completion of this Agreement.

29. *Product Liabilities* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save for any condition or warranty implied by law or given in the ordinary course of business, the Company
has not given any guarantee, condition or warranty or made any representation in respect of goods or services supplied or contracted to
be supplied by it or accepted any obligation which could give rise to any liability after any such goods or services have been supplied
by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has not received notice of any claim which remains outstanding alleging the failure to perform,
either properly or at all, any services performed or to be performed by the Company nor are there any circumstances which could give rise
to any such claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save in the ordinary course of business, the Company has not agreed to issue a credit note or to write
off or reduce indebtedness in respect of any goods or services supplied by it.

30. *Insolvency* 

To the best of the Vendors' knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no order has been made or petition presented or resolution passed for the winding-up or administration
of the Company, nor are there any grounds on which any person would be entitled to have the Company wound-up or placed in administration,
nor has any person threatened to present such a petition or convened or threatened to convene a meeting of the Company to consider a resolution
to wind up the Company or any other resolutions, nor has any step been taken in relation to the Company under the law relating to insolvency
or the relief of debtors in any part of the world;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no distress, execution or other process has been levied on any asset owned or used by the Company, nor
has any person threatened any such distress, execution or other process;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no person has appointed or threatened to appoint or become entitled to appoint a receiver or receiver
and manager or other similar officer of the Company's business or assets or any part of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Company has not ceased trading or stopped payment to its creditors and there are no grounds on which
the Company could be found to be unable to pay its debts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no composition in satisfaction of the debts of the Company, or scheme of arrangement of its affairs, or
compromise or arrangement between it and its creditors and/or members or any class of its creditors and/or members, has been proposed,
sanctioned or approved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) no event has occurred causing or which upon intervention or notice by any third party may cause any floating

occurred nor is such enforcement in process; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in relation to any property or assets held by the Company under any hire purchase, conditional sale, chattel
leasing or retention of title agreement or otherwise belonging to a third party, no event has occurred which entitles, or which upon intervention
or notice by a third party may entitle, the third party to repossess the property or assets concerned or terminate the agreement or any
licence in respect of the same.

[The rest of this page has been intentionally left blank]

**SCHEDULE 2**

**DEED OF INDEMNITY**

**THIS DEED OF INDEMNITY** is made on [●]

**AMONGST:**

(1) **TAN GIM HAR** (NRIC No. S1413651G), **CHENG JER CHIAN, DARREN** (NRIC No. S9342219H) and **CHENG YI TONG, AMANDA** (NRIC No. S9644184C), each of 5 Rhu Cross #12-20, Singapore 437434 (the
" **Vendors** ", and each a "**Vendor** ");

(2) **YY GROUP HOLDING LIMITED** (Company Registration No. 2118556),
a company incorporated in the British Virgin Islands and having its registered office at Vistra Corporate Services Centre, Wickhams Cay
II, Road Town, Tortola, VG1110, British Virgin Islands and principal executive office at 60 Paya Lebar Road #09-13 Paya Lebar Square,
Singapore 409051 (the "**Purchaser** "); and

(3) **PROPERTY FACILITY SERVICES PTE. LTD.** (Company Registration
No. 200103330M), a company incorporated in Singapore and having its registered office at 1 Tai Seng Avenue #02- 09 Tai Seng Exchange,
Singapore 536464 (the "**Company** ").

**WHEREAS** this Deed is entered into pursuant to the provisions of a sale and purchase agreement dated 21 January 2025 (the "**S&P Agreement**") and made between the Vendors and the Purchaser relating to the sale by the Vendors of, and the purchase by the Purchaser of, the Sale Shares (as defined in the S&P Agreement).

**NOW IT IS HEREBY AGREED** as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 In this Deed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all terms and references used in this Deed and which are defined or construed in the S&P Agreement
but are not defined or construed in this Deed shall have the same meaning and construction in this Deed. All references in this Deed to
the "**S&P Agreement**" are to the S&P Agreement as from time to time amended, modified or supplemented;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) where any person suffers a loss of or reduction in the amount of any relief, allowance or credit or has
a right to the repayment of Taxation nullified or cancelled in whole or in part and such relief, allowance, credit or right to repayment
related to a Transaction effected on or before Completion or was granted by reference to any income, profits or gains earned, accrued
or received on or before Completion, then such person shall be treated as having incurred a corresponding depletion in or reduction in
the value of its assets as a result of a Claim for Taxation made in the circumstances falling within Clause 2.1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) references to any Transaction effected on or before Completion include the combined result of two or more
Transactions, the first of which shall have taken place (or be deemed to have taken place) or the commencement of which shall have occurred
(or be deemed to have occurred) on or before Completion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) references to income, profits or gains earned, accrued or received include income, profits or gains deemed
to have been or treated as earned, accrued or received for Taxation purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) references to "**Clauses**" are to Clauses of this Deed unless the subject or context otherwise requires; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) words and expressions defined for the purposes of any relevant taxing or other legislation shall herein bear the same meaning.

2. INDEMNITY

2.1 Subject as hereinafter provided, the Vendors hereby, jointly
and severally, agree with and undertake to the Purchaser and the Company to indemnify and keep indemnified the Purchaser and the Company,
as the case may be, during the Indemnity Period, against any losses, liabilities and damages suffered by any of them or any depletion
in or reduction in value of its or their respective assets or increase in its or their respective liabilities in relation to the Company
in connection with or arising from or incident to or as a result or in consequence of any Claim for Taxation which has been made or may
hereafter be made:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in respect of or arising from any Transaction effected or deemed
to have been effected on or before Completion; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by reference to any income, profits or gains earned, accrued or received on or before Completion.

The indemnity in this Clause 2.1 shall include all costs and expenses properly payable in connection with any Claim or liability referred to herein and shall be limited to a maximum aggregate liability of 20% of the Consideration, except for cases where the Vendor(s) have committed fraud or wilful misconduct.

2.2 Any liability to the Purchaser or the Company hereunder may
in whole or in part be released, compounded or compromised, or time or indulgence may be given, by the Purchaser or as the case may be,
the Company in its absolute discretion without in any way prejudicing or affecting its rights against the Vendors.

3. NOTICES

Any notice required to be given by a party to the other party shall be in writing (including by any written forms of electronic communication) and in the English language. It shall be deemed validly served by hand delivery or by electronic communication or by prepaid post or by a recognised courier service sent to the address or email address of the parties given herein or such other address or email address as may from time to time be notified for this purpose. The initial addresses and email addresses of the parties are:-

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Vendors** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 5 Rhu Cross #12-20, Singapore 437434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | darrencjc@hotmail.com |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Purchaser** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attention | &nbsp;&nbsp;&nbsp;&nbsp;Mr Mike Fu / Mr Jason Phua |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | mike@yygroupholding.com / jason.phua@yygroupholding.com |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Company** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, |
|  | Singapore 409051] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attention | Mr Mike Fu / Mr Jason Phua |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | mike@yygroupholding.com / jason.phua@yygroupholding.com |

---

Unless there is evidence that a notice or communication was received earlier, any such notice or communication shall be deemed to have been served:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if delivered by hand, at the time of delivery;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if posted by prepaid ordinary mail, at the expiration of three Business Days after the envelope containing the same shall have been
put into the post;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if sent by written forms of electronic communication, on the day of dispatch; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if sent by courier, at the expiration of two Business Days after the package containing the same shall have been received by the relevant
courier company.

In proving such service it shall be sufficient to prove that delivery by hand was made or that the envelope containing such notice or document was properly addressed and posted as a prepaid ordinary mail letter or that the facsimile confirmation note indicates the transmission was successful or that the electronic communication was properly addressed and despatched or, as the case may be, the package containing such notice or document was properly addressed and sent to the relevant courier company.

4. GENERAL

4.1 This Deed shall come into force on the date stated at the beginning
and shall continue in force from such date.

4.2 This Deed shall be binding on and shall enure to the benefit
of the parties and their respective legal personal representatives, successors and permitted assigns. The Vendors agree that the Purchaser
shall be entitled to assign the benefit of this Deed and any cause of action in connection therewith and all or part of its rights or
transfer all or part of its obligations under this Deed to any party. Any such assignee or transferee shall be entitled to the full benefit
of this Deed to the same extent as if it were an original party in respect of the rights or obligations assigned or transferred to it.
Any reference in this Deed to any of the parties shall be construed accordingly. Each of the Vendors may not assign or transfer all or
part of its rights and obligations under this Deed.

4.3 The illegality, invalidity or unenforceability of any provision
of this Deed under the law of any jurisdiction shall not affect its legality, validity or enforceability under the law of any other jurisdiction
nor the legality, validity or enforceability of any other provision.

4.4 A person who is not party to this Deed has no rights under the
Contracts (Rights of Third Parties) Act 2001 of Singapore, to enforce any term of this Deed, but this does not affect any right or remedy
of a third party which exists or is available apart from the said Act.

5. COUNTERPARTS

This Deed may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any party may enter into this Deed by signing and executing any such counterpart and each counterpart may be signed and executed by the parties and transmitted by electronic transmission and shall be as valid and effectual as if executed as an original.

6. GOVERNING LAW

This Deed shall be governed by, and construed in accordance with, the laws of Singapore. The parties hereto agree to submit to the non-exclusive jurisdiction of the courts of Singapore.

[The rest of this page has been intentionally left blank]

**IN WITNESS WHEREOF** this Deed has been entered into by the parties.

<u>THE VENDORS</u>

---

| |
|:---|
| Signed sealed and delivered by) |
| **TAN GIM HAR)** |
| in the presence of:) |

---

  <br> Name: <br> NRIC No:

---

| |
|:---|
| Signed sealed and delivered by) |
| **CHENG JER CHIAN, DARREN)** |
| in the presence of:) |

---

  <br> Name: <br> NRIC No:

---

| |
|:---|
| Signed sealed and delivered by) |
| **CHENG YI TONG AMANDA)** |
| in the presence of:) |

---

  <br> Name: <br> NRIC No:

<u>THE PURCHASER</u>

---

| |
|:---|
| Executed and delivered as a deed by) |
| **YY GROUP HOLDING LIMITED)** |

---

---

| |
|:---|
| Director |
| Director |

---

<u>THE COMPANY</u>

---

| |
|:---|
| Executed and delivered as a deed by) |
| **PROPERTY FACILITY SERVICES PTE. LTD.)** |

---

---

| |
|:---|
| Director |
| Director |

---

**IN WITNESS WHEREOF** the Parties have hereunto set their hands.

---

| |
|:---|
| <u>The Vendors</u> |
| **TAN GIM HAR** |
| ![](ex1-2_001.jpg) |
| **CHENG JER CHIAN, DARREN** |
| ![](ex1-2_002.jpg) |
| **CHENG YI TONG, AMANDA** |
| ![](ex1-2_003.jpg) |

---

<u>The Purchaser</u>

**YY GROUP HOLDING LIMITED**

---

| |
|:---|
| /s/ Mike Fu |
| Name: Mike Fu |
| Designation: Chief Executive Officer |

---

## Exhibit 1.3

**Exhibit 1.3**

**THIS SHARE PURCHASE AGREEMENT is dated April 10, 2025**

**PARTIES**

&nbsp;&nbsp;&nbsp;&nbsp;1. Teo Shao Wei (Zhang Xiaowei) (Passport No. K2242884N), an individual
with residential address at Apt Blk 188, Jalan Eunos, #04-08, Singapore 419538, Singapore (each a "**Vendor** ";
together the "**Vendors** ");

&nbsp;&nbsp;&nbsp;&nbsp;2. **YY Group Holding Limited** (Company
No. 2118556), a company incorporated in the British Virgin Islands on with its registered address at Vistra Corporate Services Centre,
Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands (the "**Purchaser** ");
and

&nbsp;&nbsp;&nbsp;&nbsp;3. **YY Circle (HK) Pte. Limited** (Company
No. 3202299), a company incorporated in Hong Kong with registered address at 16F & 17F, 700 Nathan Road, Kowloon, Hong Kong (the "**Company** ")

(each, a "party" and collectively, the "parties").

**BACKGROUND**

&nbsp;&nbsp;&nbsp;&nbsp;A. The Company has at the date of this Agreement an issued and paid-up capital of HKD 1,000.00 comprising
1,000 ordinary shares.

&nbsp;&nbsp;&nbsp;&nbsp;B. The Company is in the business of the production of providing intelligent labor matching services and
smart cleaning services in Hong Kong (the "**Business** ").

&nbsp;&nbsp;&nbsp;&nbsp;C. All of the Sale Shares (as defined below) are (i) as at the date of this Agreement, legally and beneficially
owned by and registered in the name of the Vendors; and (ii) will immediately before Closing be legally and beneficially owned by and
registered in the name of the Vendors.

&nbsp;&nbsp;&nbsp;&nbsp;D. The Vendors are desirous of selling all of the Sale Shares to the Purchaser and the Purchaser is desirous
of acquiring the Sale Shares from the Vendors upon the terms and subject to the conditions hereinafter mentioned.

&nbsp;&nbsp;&nbsp;&nbsp;E. The Purchaser has conducted its necessary due diligence on the Company based on the documents and representations
made by the Vendors and the Company and is satisfied with the findings of the due diligence review.

&nbsp;&nbsp;&nbsp;&nbsp;F. In entering into this Agreement, the Purchaser has relied on the truthfulness, accuracy and completeness
of the Vendors' Representations as set forth in Clause 6.

**NOW IT IS HEREBY AGREED** as follows:

1. <u>DEFINITIONS & INTERPRETATIONS</u> 

1.1. In this Agreement, unless the subject or context otherwise requires the following words and expressions shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.1. "Agreement" means this share purchase agreement, including its supplements, amendments, annexure and appendices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.2. "Board" means the board of directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.3. "Business" means the business of the Company in accordance with Recital B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.4. "Closing" means completion of the sale and purchase of the Sale Shares in accordance with Clause
5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.5. "Closing Date" means April 14, 2025 or such other date as the parties may agree to.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.6. "Consideration Shares" means 1,900,000 Class A ordinary shares of YY Group Holding Limited
to be allotted and issued to the Vendor, based on the agreed issue price of USD1.21 per Class A ordinary share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.7. "Defaulting Party" has the meaning stated in Clause 6.5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.8. "Encumbrance" means any claim, mortgage, charge, pledge, lien, assignment, option, equity, power
of sale, hypothecation, retention of title, right of pre-emption, right of first refusal or other third party right or security interest
of any kind or an agreement, arrangement or obligation to create any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.9. "Non-Defaulting Party" has the meaning stated in Clause 6.5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.10. "Purchaser Costs" has the meaning stated in Clause 8.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.11. "Purchase Price" has the meaning stated in Clause 4.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.12. "Sale Shares" means the issued and fully paid-up ordinary shares in the capital of the Company
registered in the name of the Vendors as at the Closing Date, representing 90% of all the issued shares in the capital of the Company
as at the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.13. "Services" has the meaning stated in Clause 7.1.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.14. "Transaction" means the transaction contemplated by this Agreement or any part of that transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.15. "Warranties" means the warranties and representations given by the Vendors, and the Purchaser
in Clause 6.

1.2. The headings in this Agreement are inserted for convenience only and shall not affect the construction
of this Agreement.

1.3. References to "Clauses" are to clauses of this Agreement and references to this "Agreement"
shall mean this share purchase agreement.

1.4. Unless the context otherwise requires, words in the singular shall include the plural and the plural shall
include the singular; and a reference to one gender shall include a reference to the other genders.

1.5. A reference to a party shall include that party's successors and permitted assigns.

1.6. A reference to writing or written includes fax and email (unless otherwise expressly provided in this
Agreement).

1.7. Any words following the terms including, include, in particular, for example or any similar expression
shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those
terms.

1.8. Any reference to "USD" is to the lawful currency of United States of America.

1.9. Any reference to "HKD" is to the lawful currency of Hong Kong.

2. <u>CONDITIONS PRECEDENT</u> 

2.1. The Closing of the sale and purchase of the Sale Shares is conditional upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.1. all necessary approvals from all relevant authorities and business partners and any relevant third parties for the change of shareholding
and control in the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.2. all licenses/permits/approvals necessary for the business operations are valid and subsisting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.3. all contracts entered into by the Company are valid and enforceable as of the date of the Agreement, with no indication of any disputes
or imminent litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.4. all Warranties and representations remaining true and correct in all material aspects and not misleading in any material respect at
Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.5. the signing of the shareholders agreement between the Purchaser and the Vendors to govern their relationship as shareholders of the
Company.

2.2. The Vendors and the Purchaser shall use all reasonable endeavors to procure that the conditions listed
under Clause 2.1 are satisfied as soon as practicable and in any event no later than the Closing Date, or by such other date as mutually
agreed between the parties.

2.3. Subject to applicable laws and regulations, the conditions in Clause 2.1 may be waived (in whole or in
part) at any time by mutual agreement between the Vendors and the Purchaser.

3. <u>SALE AND PURCHASE OF SALE SHARES</u> 

3.1. Subject to the terms of this Agreement, the Vendors as legal and beneficial owner shall sell, and the
Purchaser shall purchase, the Sale Shares free from all Encumbrances and together with all rights now or hereafter attaching to them (including
the right to receive all dividends and distributions declared, made or paid on or after the Closing Date), as at Closing and the Vendors
shall transfer the legal and beneficial ownership in respect of the Sale Shares to the Purchaser.

4. <u>PURCHASE PRICE</u> 

4.1. The consideration for the Sale Shares shall be USD 2,298,600.00, payable in the form of the Consideration
Shares, to be issued on or around the Closing Date, provided that the approval has been obtained from Nasdaq for the listing and quotation
of the Consideration Shares on Nasdaq Capital Market and has not been revoked or amended and to the extent that any conditions for the
listing and quotation of the Consideration Shares are required to be fulfilled, they have been so fulfilled, provided further that the
aforesaid shall be subject to and interpreted in accordance with all applicable statutory laws and SEC regulations, including but not
limited to, the holding period requirements for affiliates and non-affiliates under Rule 144 of the Securities Act of 1933, as amended.
To the extent that compliance with such laws and regulations affects the timing or manner of fulfilment of this condition, the Parties
agree to work in good faith to satisfy this condition in a manner consistent with all legal requirements.

4.2. For the avoidance of doubt, notwithstanding the deferred payments of part of the Consideration Shares,
it is hereby agreed that the Purchaser shall have full title, interest and rights to the Sale Shares upon their transfer to the Purchaser
on the Closing Date. Any deferred payment of part of the Consideration Shares due and outstanding shall remain a debt due from the Purchaser
to the Vendors.

4.3. The Vendor agrees and undertakes that the Consideration Shares when issued shall be subject to a "lock-up"
period of six months or until such earlier date as the Consideration Shares are registered pursuant to a registration statement filed
and declared effective by the U.S. Securities and Exchange Commission (the "SEC") by Purchaser. During the lock up period
the holder(s) of the Consideration Shares shall not, directly or indirectly, sell, contract to sell, realize, transfer, assign, lend,
grant any security over, encumber or otherwise dispose of or deal with all or any part of their interests in the Consideration Shares.

5. <u>CLOSING</u> 

5.1. Subject to the provisions of Clause 2, Closing shall take place on the Closing Date at the office of the
Company or at such other place as the Vendors and the Purchaser may agree upon, when all (but not some only) of the events described in
this Clause 5 shall occur.

5.2. At Closing, the following shall take place concurrently:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1. the Vendors shall deliver or procure to be delivered to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Vendors' duly completed and signed counterpart of the share transfer form (in such prescribed
forms under the applicable laws and/or the constitutional documents of the Company) in favor of the Purchaser, in respect of the Sale
Shares, together with the duly sealed original share certificates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a letter addressed to the Collector of Stamp Revenue of Hong Kong (in such format as may be prescribed
by the Inland Revenue Department of Hong Kong) certifying the net asset value per share of the Company and a copy of the latest available
management accounts of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a copy or extract of the meeting minutes or written resolutions of the Board approving:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the transfer of the Sale Shares to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the cancellation of the share certificate(s) issued in the name of the Vendors in respect of the Sale
Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the execution and issuance of a new share certificate issued in the name of the Purchaser in respect of
the Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the filing of the instrument of transfer of the Sale Shares with the Companies Registry of Hong Kong,
and the updating of the Company's register of members to reflect the transfer of the Sale Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the making of such other entries into such other corporate records of the Company as may be necessary;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) such other papers and documents as the Purchaser may require.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2. the Vendors shall deliver or procure to be delivered to the Purchaser, the Purchaser's duly completed
and signed counterpart of the share transfer form (in such prescribed forms under the applicable laws and/or the constitutional documents
of the Company) in respect of the Sale Shares.

5.3. The Purchaser shall pay the Purchase Price to the Vendors as
follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.1. at Closing, subject to compliance by the Vendors of all the obligations set out in Clause 5.2.1, the Purchaser shall issue to the
Vendor the Consideration Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.2. The total Purchase Price shall be deemed fully paid upon receipt of the Consideration Shares described in clauses 5.3.1.

5.4. Without prejudice to any other remedies available to the parties,
if in any respect the provisions of Clause 5 are not complied with by any party on the Closing Date, the other parties not in default
may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.1. defer Closing to a date not more than 30 days after the Closing Date (and so that the provisions of this Clause 5 shall apply to Closing
as so deferred); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.2. proceed to Closing so far as practicable (without prejudice to its rights under this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.3. rescind this Agreement.

6. <u>REPRESENTATIONS AND WARRANTIES</u> 

6.1. The Vendors hereby represent, warrant to and undertake with the Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1. the Vendors hold 90% of the issued and paid-up share capital of the Company which is incorporated in Hong
Kong;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2. the Vendors have the power and authority to enter into, exercise its rights and perform and comply with
its obligations under this Agreement in accordance with its terms thereof and this Agreement constitutes valid and binding obligations
on the Vendors, enforceable against the Vendors in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3. the Vendors' entry into, exercise of its rights, execution, delivery and/or performance of or compliance
with its obligations under this Agreement (a) complies with all laws, regulations, authorizations, rulings and judgments or orders or
decrees of any relevant governmental agency which is binding on or applicable to it; (b) complies with the constitution or other constitutive
documents of the Vendors and (c) does not and will not violate, or exceed any power or restriction granted or imposed by, any agreement
or arrangement to which it is a party or which is binding on it or its assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4. at Closing, the Vendors' will be entitled to transfer the full and beneficial ownership of the Sale
Shares to the Purchaser on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5. all contracts entered into by the Company are valid and enforceable as of the date of the Closing, with
no indication of any disputes or imminent litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6. all receivables in the books of the Company are collectable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.7. there are no breaches of any material terms in respect of all the contracts executed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.8. there are no claims or litigation against the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.9. there are no breaches of any of the terms and conditions governing the issuance of any licenses or permits
to operate the Business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.10. save as represented to the Vendors, and the latest unaudited accounts of the Company, the Company does
not have any other liabilities (including tax liabilities).

6.2. The Purchaser acknowledges and accepts that save for the Warranties
set out in Clause 6.1, the Vendors offers no other representations or warranties to the Purchaser in respect of the Vendors, the Sale
Shares or the Company.

6.3. The Purchaser represents, warrants to and undertakes with the Vendors that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1. the Purchaser has the power and authority to enter into, exercise its rights and perform and comply with
its obligations under this Agreement in accordance with its terms thereof and this Agreement constitutes valid and binding obligations
on the Purchaser, enforceable against the Purchaser in accordance with its terms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.2. the Purchaser's entry into, exercise of its rights, execution, delivery and/or performance of or compliance
with its obligations under this Agreement (a) complies with all laws, regulations, authorizations, rulings and judgments or orders or
decrees of any relevant governmental agency which is binding on or applicable to it; and (b) does not and will not violate, or exceed
any power or restriction granted or imposed by, any agreement or arrangement to which it is a party or which is binding on it or its assets.

6.4. The Vendors acknowledge and accept that save for the Warranties set out in Clause 6.3, the Purchaser offers
no other representations or warranties to the Vendors in respect of the Purchaser.

6.5. If prior to Closing a party (the "Non-Defaulting Party") shall find that any of the representations,
warranties or undertakings on the part of any other party ("Defaulting Party"), have not in any material respects been carried
out or complied with or are otherwise untrue or incorrect in any material respects, the Non-Defaulting Party shall be entitled by notice
in writing to the Defaulting Party to terminate this Agreement, and thereupon all of the Non-Defaulting Party's obligations under this
Agreement shall cease, but without prejudice to its rights under this Agreement in respect of any antecedent breaches.

7. <u>COSTS AND EXPENSES</u> 

7.1. Any stamp duty payable on the transfer of the Sale Shares to the Purchaser shall be borne by Purchaser.
All other costs and expenses (including, without limitation, all legal fees and expenses and fees and expenses of accounting firms and
other professionals and agents) incurred in connection with this Agreement and the Transaction shall be borne by the Vendors, save as
for any costs and expenses which accrues to the sole benefit of the Purchaser ()"**Purchaser Costs** "). Such Purchaser Costs shall be borne by the Purchaser.

8. <u>FURTHER ASSURANCE</u> 

8.1. Each party shall (at its own expense) promptly execute and deliver such documents and perform such acts
as the other parties may reasonably require from time to time for the purpose of giving full effect to this Agreement and the transactions
contemplated by this Agreement.

9. <u>GENERAL PROVISIONS</u> 

9.1. **Entire Agreement and Amendments:** This
Agreement and the documents referred to herein are in substitution for all previous agreements, both written and oral, between all or
any of the parties and contain the whole agreement between the parties relating to the subject matter of this Agreement. No amendment
or variation of this Agreement shall be effective unless in writing and signed by or on behalf of each of the parties.

9.2. **Waiver:** Any term or provision of
this Agreement may be waived in writing at any time by the party entitled to the benefits thereof. Any waiver effectuated pursuant to
this Clause 10.2 shall be binding upon all parties hereto. No
failure to exercise and no delay in exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or
partial exercise of any right, power or privilege preclude the exercise of any other right, power or privilege.

9.3. **Severance:** If any provision of
this Agreement shall be held to be illegal, invalid or unenforceable, in whole or in part, the legality, validity and enforceability of
the remainder of this Agreement shall not be affected.

9.4. **Counterparts:** This Agreement may
be signed in any number of counterparts and by the parties on separate counterparts, each of which when so executed shall be an original,
but all counterparts shall together constitute one and the same document.

9.5. **Dispute Resolution:** Any
 dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or
 termination, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre
 in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules
 are deemed to be incorporated by reference in this Clause 10.5. The seat of the arbitration shall be Singapore. The tribunal of the
 arbitration shall consist of one (1) arbitrator. The language of the
arbitration shall be English. The arbitral award shall be final and binding upon the parties hereto.

9.6. **Governing Law:** This Agreement,
the rights and obligations of the parties hereto and any claims or disputes relating thereto, shall be governed by and construed in accordance
with the laws of Singapore.

9.7. **Third Parties:** No person who is
not a party of this Agreement shall have any right to enforce any term of this Agreement under the Contracts (Rights of Third Persons)
Act 2001 of Singapore.

10. <u>CONFIDENTIALITY</u> 

10.1. The terms of this Agreement and all communications between the parties or any of them and all information
and other material supplied to or received by any of them from any other party which is either marked "confidential" or is by
its nature intended to be exclusively for the knowledge of the recipient alone and any information concerning the business transactions
or the financial arrangements of the parties or any person with whom any of them is in a confidential relationship with regard to the
matter in question coming to the knowledge of the recipient shall be kept confidential by the recipient unless or until compelled, required
or requested to disclose by judicial or administrative procedures or otherwise by law or required to disclose to any relevant stock exchange,
government body, regulatory body or authority, or the recipient can reasonably demonstrate that it is or part of it is, in the public
domain (other than by virtue of its actions and/or omissions) or that the information has also been received from a third party which,
to the actual knowledge of the recipient is not subject to any confidentiality obligations with respect to such information whereupon,
to the extent that it is public, this obligation shall cease Provided that nothing herein shall prohibit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any party from disclosing to any person any information received or sourced from a third party (so long
as such party to the recipient's actual knowledge has not obtained or released such information in breach of any confidentiality obligation);
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any party from disclosing any information referred to in this clause to its auditors or other professional
advisers.

10.2. The obligations contained in this clause shall endure, even after the termination of this Agreement, without
limit in point of time except to the extent that and until any confidential information enters the public domain as set out above.

**IN WITNESS WHEREOF** the Parties have hereunto caused this Agreement to be duly executed as at the day and year first above written.

**<u>Vendors</u>**

---

| | |
|:---|:---|
| SIGNED by<br> **Teo Shao Wei (Zhang Xiaowei)**<br>in the presence of: | ![](ex1-3_001.jpg) |
| /s/ Phua Zhi Yong |  |
| Witness's signature |  |
| Name: Phua Zhi Yong |  |

---

---

| | |
|:---|:---|
| **<u>Purchaser</u>** |  |
| SIGNED by<br> **Fu Xiaowei**<br> for and on behalf of<br> **YY Group Holding Limited**<br> **(Company No. 2118556)** <br> in the presence of: | ![](ex1-3_002.jpg) |
| /s/ Phua Zhi Yong |  |
| Witness's signature |  |
| Name: Phua Zhi Yong |  |

---

## Exhibit 1.4

**Exhibit 1.4**

**THIS SHARE PURCHASE AGREEMENT is dated May 9, 2025**

**PARTIES**

&nbsp;&nbsp;&nbsp;&nbsp;1. Teo Shao Wei (Zhang Xiaowei) (Passport No. K2242884N), an individual with residential address at Apt Blk
188, Jalan Eunos, #04-08, Singapore 419538, Singapore (each a "**Vendor** ";
together the "**Vendors** ");

&nbsp;&nbsp;&nbsp;&nbsp;2. **YY Holding (Thailand) Company Limited** (Company
No.0105568071682), a company incorporated in the Thailand on with its registered head office at 126/21, Soi Sukhumvit 63 (Ekkamai), Khlong
Tan Nuea Sub-district, Vadhana District, Bangkok (the "**Purchaser** ");
and

&nbsp;&nbsp;&nbsp;&nbsp;3. **YY Circle (Thailand) Company Limited** (Company
No.0105566073742), a company incorporated in the Thailand with registered head office at 622 Emporium Tower, Floor 10/8, Unit 119, Sukhumvit
road, Khlong Tan Sub-District, Khlong Toey District, Bangkok (the "**Company** ")

(each, a "party" and collectively, the "parties").

**BACKGROUND**

&nbsp;&nbsp;&nbsp;&nbsp;A. The Company has at the date of this Agreement an issued and paid-up capital of THB 2,000,000.00 comprising
20,000 ordinary shares.

&nbsp;&nbsp;&nbsp;&nbsp;B. The Company is in the business of operating a business to provide services as an intermediary in arranging
and providing various services, and as an intermediary between service providers and service recipients through an online system (the
" **Business** ").

&nbsp;&nbsp;&nbsp;&nbsp;C. All of the Sale Shares (as defined below) are (i) as at the date of this Agreement, legally and beneficially
owned by and registered in the name of the Vendors; and (ii) will immediately before Closing be legally and beneficially owned by and
registered in the name of the Vendors.

&nbsp;&nbsp;&nbsp;&nbsp;D. The Vendors are desirous of selling all of the Sale Shares to the Purchaser and the Purchaser is desirous
of acquiring the Sale Shares from the Vendors upon the terms and subject to the conditions hereinafter mentioned.

&nbsp;&nbsp;&nbsp;&nbsp;E. The Purchaser has conducted its necessary due diligence on the Company based on the documents and representations
made by the Vendors and the Company and is satisfied with the findings of the due diligence review.

&nbsp;&nbsp;&nbsp;&nbsp;F. In entering into this Agreement, the Purchaser has relied on the truthfulness, accuracy and completeness
of the Vendors' Representations as set forth in Clause 6.

**NOW IT IS HEREBY AGREED** as follows:

1. <u>DEFINITIONS & INTERPRETATIONS</u> 

1.1. In
 this Agreement, unless the subject or context otherwise requires the following words and
 expressions shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.1. "Agreement" means this share purchase agreement, including
its supplements, amendments, annexure and appendices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.2. "Board" means the board of directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.3. "Business" means the business of the Company in accordance with Recital B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.4. "Closing" means completion of the sale and purchase of the Sale Shares in accordance with Clause
5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.5. "Closing Date" means June 2, 2025 or such other date as the parties may agree to.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.6. "Consideration Shares" means 2,000,000 Class A ordinary shares of YY Group Holding Limited
to be allotted and issued to the Vendor, based on the agreed issue price of USD1.00 per Class A ordinary share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.7. "Defaulting Party" has the meaning stated in Clause 6.5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.8. "Encumbrance" means any claim, mortgage, charge, pledge, lien, assignment, option, equity, power
of sale, hypothecation, retention of title, right of pre-emption, right of first refusal or other third party right or security interest
of any kind or an agreement, arrangement or obligation to create any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.9. "Non-Defaulting Party" has the meaning stated in Clause 6.5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.10. "Purchaser Costs" has the meaning stated in Clause 8.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.11. "Purchase Price" has the meaning stated in Clause 4.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.12. "Sale Shares" means the issued and fully paid-up ordinary shares in the capital of the Company
registered in the name of the Vendors as at the Closing Date, representing 49% of all the issued shares in the capital of the Company
as at the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.13. "Services" has the meaning stated in Clause 7.1.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.14. "Transaction" means the transaction contemplated by this Agreement or any part of that transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.15. "Warranties" means the warranties and representations given by the Vendors, and the Purchaser
in Clause 6.

1.2. The headings in this Agreement are inserted for convenience only and shall not affect the construction
of this Agreement.

1.3. References to "Clauses" are to clauses of this Agreement and references to this "Agreement"
shall mean this share purchase agreement.

1.4. Unless the context otherwise requires, words in the singular shall include the plural and the plural shall
include the singular; and a reference to one gender shall include a reference to the other genders.

1.5. A reference to a party shall include that party's successors and permitted assigns.

1.6. A reference to writing or written includes fax and email (unless otherwise expressly provided in this
Agreement).

1.7. Any words following the terms including, include, in particular, for example or any similar expression
shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those
terms.

1.8. Any reference to "USD" is to the lawful currency of United States of America.

1.9. Any reference to "THB" is to the lawful currency of the Kingdom of Thailand.

**2.**  **<u>CONDITIONS PRECEDENT</u>** 

2.1. The Closing of the sale and purchase of the Sale Shares is conditional upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.1. all necessary approvals from all relevant authorities and business partners and any relevant third parties
for the change of shareholding and control in the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.2. all licenses/permits/approvals necessary for the business operations are valid and subsisting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.3. all contracts entered into by the Company are valid and enforceable as of the date of the Agreement, with
no indication of any disputes or imminent litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.4. all Warranties and representations remaining true and correct in all material aspects and not misleading
in any material respect at Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.5. the signing of the shareholders agreement between the Purchaser, the Vendors and remaining shareholders
of the Company to govern their relationship as shareholders of the Company.

2.2. The Vendors and the Purchaser shall use all reasonable endeavors to procure that the conditions listed
under Clause 2.1 are satisfied as soon as practicable and in any event no later than the Closing Date, or by such other date as mutually
agreed between the parties.

2.3. Subject to applicable laws and regulations, the conditions in Clause 2.1 may be waived (in whole or in
part) at any time by mutual agreement between the Vendors and the Purchaser.

3. <u>SALE AND PURCHASE OF SALE SHARES</u> 

3.1. Subject to the terms of this Agreement, the Vendors as legal and beneficial owner shall sell, and the
Purchaser shall purchase, the Sale Shares free from all Encumbrances and together with all rights now or hereafter attaching to them (including
the right to receive all dividends and distributions declared, made or paid on or after the Closing Date), as at Closing and the Vendors
shall transfer the legal and beneficial ownership in respect of the Sale Shares to the Purchaser.

4. <u>PURCHASE PRICE</u> 

4.1. The consideration for the Sale Shares shall be USD 2,000,000.00, payable in the form of the Consideration
Shares, to be issued on or around the Closing Date, provided that the approval has been obtained from Nasdaq for the listing and quotation
of the Consideration Shares on Nasdaq Capital Market and has not been revoked or amended and to the extent that any conditions for the
listing and quotation of the Consideration Shares are required to be fulfilled, they have been so fulfilled, provided further that the
aforesaid shall be subject to and interpreted in accordance with all applicable statutory laws and SEC regulations, including but not
limited to, the holding period requirements for affiliates and non-affiliates under Rule 144 of the Securities Act of 1933, as amended.
To the extent that compliance with such laws and regulations affects the timing or manner of fulfilment of this condition, the Parties agree
to work in good faith to satisfy this condition in a manner consistent with all legal requirements.

4.2. For the avoidance of doubt, notwithstanding the deferred payments of part of the Consideration Shares,
it is hereby agreed that the Purchaser shall have full title, interest and rights to the Sale Shares upon their transfer to the Purchaser
on the Closing Date. Any deferred payment of part of the Consideration Shares due and outstanding shall remain a debt due from the Purchaser
to the Vendors.

4.3. The Vendor agrees and undertakes that the Consideration Shares when issued shall be subject to a "lock-up"
period of six months or until such earlier date as the Consideration Shares are registered pursuant to a registration statement filed
and declared effective by the U.S. Securities and Exchange Commission (the "SEC") by Purchaser. During the lock up period
the holder(s) of the Consideration Shares shall not, directly or indirectly, sell, contract to sell, realize, transfer, assign, lend,
grant any security over, encumber or otherwise dispose of or deal with all or any part of their interests in the Consideration Shares.

5. <u>CLOSING</u> 

5.1. Subject to the provisions of Clause 2, Closing shall take place on the Closing Date at the office of the
Company or at such other place as the Vendors and the Purchaser may agree upon, when all (but not some only) of the events described in
this Clause 5 shall occur.

5.2. At Closing, the following shall take place concurrently:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1. the Vendors shall deliver or procure to be delivered to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Vendors' duly completed and signed counterpart of the share transfer form (in such prescribed
forms under the applicable laws and/or the constitutional documents of the Company) in favor of the Purchaser, in respect of the Sale
Shares, together with the duly sealed original share certificates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a letter or certificate (in a format acceptable to the Thai Revenue Department or competent authority)
certifying the net asset value per share of the Company, together with a copy of the latest available management accounts of the Company,
and such other documents as may be required to assess applicable stamp duty or complete the share transfer under law of the Kingdom of
Thailand;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a copy or extract of the meeting minutes or written resolutions of the Board approving:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the transfer of the Sale Shares to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the cancellation of the share certificate(s) issued in the name of the Vendors in respect of the Sale
Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the execution and issuance of a new share certificate issued in the name of the Purchaser in respect of
the Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the filing of the instrument of transfer of the Sale Shares with the Companies Registry of Thailand, and
the updating of the Company's register of members to reflect the transfer of the Sale Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the making of such other entries into such other corporate records of the Company as may be necessary;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) such other papers and documents as the Purchaser may require.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2. the Vendors shall deliver or procure to be delivered to the Purchaser, the Purchaser's duly completed
and signed counterpart of the share transfer form (in such prescribed forms under the applicable laws and/or the constitutional documents
of the Company) in respect of the Sale Shares.

5.3. The Purchaser shall pay the Purchase Price to the Vendors as
follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.1. at Closing, subject to compliance by the Vendors of all the obligations set out in Clause 5.2.1, the Purchaser
shall issue to the Vendor the Consideration Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.2. The total Purchase Price shall be deemed fully paid upon receipt of the Consideration Shares described
in clauses 5.3.1.

5.4. Without prejudice to any other remedies available to the parties, if in any respect the provisions of
Clause 5 are not complied with by any party on the Closing Date, the other parties not in default may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.1. defer Closing to a date not more than 30 days after the Closing Date (and so that the provisions of this
Clause 5 shall apply to Closing as so deferred); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.2. proceed to Closing so far as practicable (without prejudice to its rights under this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.3. rescind this Agreement.

6. <u>REPRESENTATIONS AND WARRANTIES</u> 

6.1. The Vendors hereby represent, warrant to and undertake with the Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1. the Vendors hold 49% of the issued and paid-up share capital of the Company which is incorporated in the
Thailand;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2. the Vendors have the power and authority to enter into, exercise its rights and perform and comply with
its obligations under this Agreement in accordance with its terms thereof and this Agreement constitutes valid and binding obligations
on the Vendors, enforceable against the Vendors in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3. the Vendors' entry into, exercise of its rights, execution, delivery and/or performance of or compliance
with its obligations under this Agreement (a) complies with all laws, regulations, authorizations, rulings and judgments or orders or
decrees of any relevant governmental agency which is binding on or applicable to it; (b) complies with the constitution or other constitutive
documents of the Vendors and (c) does not and will not violate, or exceed any power or restriction granted or imposed by, any agreement
or arrangement to which it is a party or which is binding on it or its assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4. at Closing, the Vendors' will be entitled to transfer the full and beneficial ownership of the Sale
Shares to the Purchaser on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5. all contracts entered into by the Company are valid and enforceable as of the date of the Closing, with
no indication of any disputes or imminent litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6. all receivables in the books of the Company are collectable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.7. there are no breaches of any material terms in respect of all the contracts executed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.8. there are no claims or litigation against the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.9. there are no breaches of any of the terms and conditions governing the issuance of any licenses or permits
to operate the Business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.10. save as represented to the Vendors, and the latest unaudited accounts of the Company, the Company does
not have any other liabilities (including tax liabilities).

6.2. The Purchaser acknowledges and accepts that save for the Warranties set out in Clause 6.1, the Vendors
offers no other representations or warranties to the Purchaser in respect of the Vendors, the Sale Shares or the Company.

6.3. The Purchaser represents, warrants to and undertakes with the Vendors that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1. the Purchaser has the power and authority to enter into, exercise its rights and perform and comply with
its obligations under this Agreement in accordance with its terms thereof and this Agreement constitutes valid and binding obligations
on the Purchaser, enforceable against the Purchaser in accordance with its terms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.2. the Purchaser's entry into, exercise of its rights, execution, delivery and/or performance of or compliance
with its obligations under this Agreement (a) complies with all laws, regulations, authorizations, rulings and judgments or orders or
decrees of any relevant governmental agency which is binding on or applicable to it; and (b) does not and will not violate, or exceed
any power or restriction granted or imposed by, any agreement or arrangement to which it is a party or which is binding on it or its assets.

6.4. The Vendors acknowledge and accept that save for the Warranties set out in Clause 6.3, the Purchaser offers
no other representations or warranties to the Vendors in respect of the Purchaser.

6.5. If prior to Closing a party (the "Non-Defaulting Party") shall find that any of the representations,
warranties or undertakings on the part of any other party ("Defaulting Party"), have not in any material respects been carried
out or complied with or are otherwise untrue or incorrect in any material respects, the Non-Defaulting Party shall be entitled by notice
in writing to the Defaulting Party to terminate this Agreement, and thereupon all of the Non-Defaulting Party's obligations under this
Agreement shall cease, but without prejudice to its rights under this Agreement in respect of any antecedent breaches.

7. <u>COSTS AND EXPENSES</u> 

7.1. Any stamp duty payable on the transfer of the Sale Shares to the Purchaser shall be borne by Purchaser.
All other costs and expenses (including, without limitation, all legal fees and expenses and fees and expenses of accounting firms and
other professionals and agents) incurred in connection with this Agreement and the Transaction shall be borne by the Vendors, save as
for any costs and expenses which accrues to the sole benefit of the Purchaser ()"**Purchaser Costs** "). Such Purchaser Costs shall be borne by the Purchaser.

8. <u>FURTHER ASSURANCE</u> 

8.1. Each party shall (at its own expense) promptly execute and deliver such documents and perform such acts
as the other parties may reasonably require from time to time for the purpose of giving full effect to this Agreement and the transactions
contemplated by this Agreement.

9. <u>GENERAL PROVISIONS</u> 

9.1. **Entire Agreement and Amendments:** This
Agreement and the documents referred to herein are in substitution for all previous agreements, both written and oral, between all or
any of the parties and contain the whole agreement between the parties relating to the subject matter of this Agreement. No amendment
or variation of this Agreement shall be effective unless in writing and signed by or on behalf of each of the parties.

9.2. **Waiver:** Any term or provision of
this Agreement may be waived in writing at any time by the party entitled to the benefits thereof. Any waiver effectuated pursuant to
this Clause 10.2 shall be binding upon all parties hereto. No failure to exercise and no delay in exercising any right, power or privilege
shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege preclude the exercise of
any other right, power or privilege.

9.3. **Severance:** If any provision of
this Agreement shall be held to be illegal, invalid or unenforceable, in whole or in part, the legality, validity and enforceability of
the remainder of this Agreement shall not be affected.

9.4. **Counterparts:** This Agreement may
be signed in any number of counterparts and by the parties on separate counterparts, each of which when so executed shall be an original,
but all counterparts shall together constitute one and the same document.

9.5. **Dispute Resolution:** Any
 dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or
 termination, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre
 in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules
 are deemed to be incorporated by reference in this Clause 10.5. The seat of the arbitration shall be Singapore. The tribunal of the
 arbitration shall consist of one (1) arbitrator. The language of the
arbitration shall be English. The arbitral award shall be final and binding upon the parties hereto.

9.6. **Governing Law:** This Agreement,
the rights and obligations of the parties hereto and any claims or disputes relating thereto, shall be governed by and construed in accordance
with the laws of Singapore.

9.7. **Third Parties:** No person who is
not a party of this Agreement shall have any right to enforce any term of this Agreement under any applicable law.

10. <u>CONFIDENTIALITY</u> 

10.1. The terms of this Agreement and all communications between the parties or any of them and all information
and other material supplied to or received by any of them from any other party which is either marked "confidential" or is by
its nature intended to be exclusively for the knowledge of the recipient alone and any information concerning the business transactions
or the financial arrangements of the parties or any person with whom any of them is in a confidential relationship with regard to the
matter in question coming to the knowledge of the recipient shall be kept confidential by the recipient unless or until compelled, required
or requested to disclose by judicial or administrative procedures or otherwise by law or required to disclose to any relevant stock exchange,
government body, regulatory body or authority, or the recipient can reasonably demonstrate that it is or part of it is, in the public
domain (other than by virtue of its actions and/or omissions) or that the information has also been received from a third party which,
to the actual knowledge of the recipient is not subject to any confidentiality obligations with respect to such information whereupon,
to the extent that it is public, this obligation shall cease Provided that nothing herein shall prohibit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any party from disclosing to any person any information received
or sourced from a third party (so long as such party to the recipient's actual knowledge has not obtained or released such information
in breach of any confidentiality obligation); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any party from disclosing any information referred to in this clause to its auditors or other professional
advisers.

10.2. The obligations contained in this clause shall endure, even after the termination of this Agreement, without
limit in point of time except to the extent that and until any confidential information enters the public domain as set out above.

**IN WITNESS WHEREOF** the Parties have hereunto caused this Agreement to be duly executed as at the day and year first above written.

---

| | |
|:---|:---|
| **<u>Vendors</u>** |  |
| SIGNED by<br> **Teo Shao Wei (Zhang Xiaowei)**<br>in the presence of: | ![](ex1-4_001.jpg) |
| /s/ Fu Xiaowei |  |
| Witness's signature |  |
| Name: Fu Xiaowei |  |
| **<u>Purchaser</u>** |  |
| SIGNED by<br> **Zhi Yong Phua**<br> for and on behalf of<br> **YY Holding (Thailand) Company Limited**<br> **(Company No. 0105568071682)** <br> in the presence of: | ![](ex1-4_002.jpg) |
| /s/ Fu Xiaowei |  |
| Witness's signature |  |
| Name: Fu Xiaowei |  |

---

## Exhibit 1.5

**Exhibit 1.5**

**THIS SHARE PURCHASE AGREEMENT is dated May 5, 2025**

**PARTIES**

&nbsp;&nbsp;&nbsp;&nbsp;1. **Yeo Khee Seng Benny** (NRIC No. S1288766C)
with his residential address at 133B Whitley Road, Singapore 297653 (the "**Vendor** ");

&nbsp;&nbsp;&nbsp;&nbsp;2. **YY GROUP HOLDING LIMITED** (Company
Registration No. 2118556), a company incorporated in the British Virgin Islands and having its registered office at Vistra Corporate Services
Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands and principal executive office at 60 Paya Lebar Road #09-13
Paya Lebar Square, Singapore 409051 (the "**Purchaser** ");
and

&nbsp;&nbsp;&nbsp;&nbsp;3. **TRANSOCEAN OIL PTE. LTD.** (Company
Registration No. 200302438E), a company incorporated in the Singapore with registered head office at 201 Henderson Road #09-16 APEX @
HENDERSON, Singapore 159545 (the "**Company** ")

(each, a "party" and collectively, the "parties").

**BACKGROUND**

&nbsp;&nbsp;&nbsp;&nbsp;A. The Company has at the date of this Agreement an issued and paid-up capital of S$100,000 comprising 100,000
ordinary shares.

&nbsp;&nbsp;&nbsp;&nbsp;B. The Company is in the business of Investment Holding (the "**Business** ").

&nbsp;&nbsp;&nbsp;&nbsp;C. All of the Sale Shares (as defined below) are (i) as at the date of this Agreement, legally and beneficially
owned by and registered in the name of the Vendor; and (ii) will immediately before Closing be legally and beneficially owned by and registered
in the name of the Vendor.

&nbsp;&nbsp;&nbsp;&nbsp;D. The Vendor is desirous of selling all of the Sale Shares to the Purchaser and the Purchaser is desirous
of acquiring the Sale Shares from the Vendor upon the terms and subject to the conditions hereinafter mentioned.

&nbsp;&nbsp;&nbsp;&nbsp;E. The Purchaser has conducted its necessary due diligence on the Company based on the documents and representations
made by the Vendor and the Company and is satisfied with the findings of the due diligence review.

&nbsp;&nbsp;&nbsp;&nbsp;F. In entering into this Agreement, the Purchaser has relied on the truthfulness, accuracy and completeness
of the Vendor's Representations as set forth in Clause 6.

**NOW IT IS HEREBY AGREED** as follows:

1. <u>DEFINITIONS & INTERPRETATIONS</u> 

1.1. In this Agreement, unless the subject or context otherwise requires
the following words and expressions shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.1. "Agreement" means this share purchase agreement, including its supplements, amendments, annexure and appendices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.2. "ACRA" means the Accounting and Corporate Regulatory Authority of Singapore;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.3. "Board" means the board of directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.4. "Business" means the business of the Company in accordance with Recital B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.5. "Closing" means completion of the sale and purchase of the Sale Shares in accordance with Clause
5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.6. "Closing Date" means June 17, 2025 or such other date as the parties may agree to.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.7. "Consideration Shares" means 4,500,000 Class A ordinary shares of YY Group Holding Limited
to be allotted and issued to the Vendor, based on the agreed issue price of USD0.65 per Class A ordinary share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.8. "Defaulting Party" has the meaning stated in Clause 6.5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.9. "Encumbrance" means any claim, mortgage, charge, pledge, lien, assignment, option, equity, power
of sale, hypothecation, retention of title, right of pre-emption, right of first refusal or other third party right or security interest
of any kind or an agreement, arrangement or obligation to create any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.10. "Non-Defaulting Party" has the meaning stated in Clause 6.5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.11. "Purchaser Costs" has the meaning stated in Clause 8.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.12. "Purchase Price" has the meaning stated in Clause 4.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.13. "Sale Shares" means the issued and fully paid-up ordinary shares in the capital of the Company
registered in the name of the Vendor as at the Closing Date, representing 53% of all the issued shares in the capital of the Company as
at the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.14. "Services" has the meaning stated in Clause 7.1.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.15. "Transaction" means the transaction contemplated by this Agreement or any part of that transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.16. "Warranties" means the warranties and representations given by the Vendor, and the Purchaser
in Clause 6.

1.2. The headings in this Agreement are inserted for convenience only and shall not affect the construction
of this Agreement.

1.3. References to "Clauses" are to clauses of this Agreement and references to this "Agreement"
shall mean this share purchase agreement.

1.4. Unless the context otherwise requires, words in the singular shall include the plural and the plural shall
include the singular; and a reference to one gender shall include a reference to the other genders.

1.5. A reference to a party shall include that party's successors and permitted assigns.

1.6. A reference to writing or written includes fax and email (unless otherwise expressly provided in this
Agreement).

1.7. Any words following the terms including, include, in particular, for example or any similar expression
shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those
terms.

1.8. Any reference to "USD" is to the lawful currency of United States of America.

1.9. Any reference to "S$" or "Singapore Dollars" is to the lawful currency of Singapore.

2. <u>CONDITIONS PRECEDENT</u> 

2.1. The Closing of the sale and purchase of the Sale Shares is conditional upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.1. all necessary approvals from all relevant authorities and business partners and any relevant third parties
for the change of shareholding and control in the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.2. all licenses/permits/approvals necessary for the business operations are valid and subsisting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.3. all contracts entered into by the Company are valid and enforceable as of the date of the Agreement, with
no indication of any disputes or imminent litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.4. all Warranties and representations remaining true and correct in all material aspects and not misleading
in any material respect at Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.5. the signing of the shareholders agreement between the Purchaser, the Vendor and remaining shareholders
of the Company to govern their relationship as shareholders of the Company.

2.2. The Vendor and the Purchaser shall use all reasonable endeavors to procure that the conditions listed
under Clause 2.1 are satisfied as soon as practicable and in any event no later than the Closing Date, or by such other date as mutually
agreed between the parties.

2.3. Subject to applicable laws and regulations, the conditions in Clause 2.1 may be waived (in whole or in
part) at any time by mutual agreement between the Vendor and the Purchaser.

3. <u>SALE AND PURCHASE OF SALE SHARES</u> 

3.1. Subject to the terms of this Agreement, the Vendor as legal and beneficial owner shall sell, and the Purchaser
shall purchase, the Sale Shares free from all Encumbrances and together with all rights now or hereafter attaching to them (including
the right to receive all dividends and distributions declared, made or paid on or after the Closing Date), as at Closing and the Vendor
shall transfer the legal and beneficial ownership in respect of the Sale Shares to the Purchaser.

4. <u>PURCHASE PRICE</u> 

4.1. The consideration for the Sale Shares shall be USD 2,925,000.00, payable in the form of the Consideration
Shares, to be issued on or around the Closing Date, provided that the approval has been obtained from Nasdaq for the listing and quotation
of the Consideration Shares on Nasdaq Capital Market and has not been revoked or amended and to the extent that any conditions for the
listing and quotation of the Consideration Shares are required to be fulfilled, they have been so fulfilled, provided further that the
aforesaid shall be subject to and interpreted in accordance with all applicable statutory laws and SEC regulations, including but not
limited to, the holding period requirements for affiliates and non-affiliates under Rule 144 of the Securities Act of 1933, as amended.
To the extent that compliance with such laws and regulations affects the timing or manner of fulfilment of this condition, the Parties agree
to work in good faith to satisfy this condition in a manner consistent with all legal requirements.

4.2. For the avoidance of doubt, notwithstanding the deferred payments of part of the Consideration Shares,
it is hereby agreed that the Purchaser shall have full title, interest and rights to the Sale Shares upon their transfer to the Purchaser
on the Closing Date. Any deferred payment of part of the Consideration Shares due and outstanding shall remain a debt due from the Purchaser
to the Vendor.

4.3. The Vendor agrees and undertakes that the Consideration Shares when issued shall be subject to a "lock-up"
period of one year or until such earlier date as the Consideration Shares are registered pursuant to a registration statement filed and
declared effective by the U.S. Securities and Exchange Commission (the "SEC") by Purchaser. During the lock up period the
holder(s) of the Consideration Shares shall not, directly or indirectly, sell, contract to sell, realize, transfer, assign, lend, grant
any security over, encumber or otherwise dispose of or deal with all or any part of their interests in the Consideration Shares.

5. <u>CLOSING</u> 

5.1. Subject to the provisions of Clause 2, Closing shall take place on the Closing Date at the office of the
Company or at such other place as the Vendor and the Purchaser may agree upon, when all (but not some only) of the events described in
this Clause 5 shall occur.

5.2. At Closing, the following shall take place concurrently:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1. the Vendor shall deliver or procure to be delivered to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Vendor' duly completed and signed counterpart of the share transfer form (in such prescribed
forms under the applicable laws and/or the constitutional documents of the Company) in favor of the Purchaser, in respect of the Sale
Shares, together with the duly sealed original share certificates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the issuance of a new share certificate in respect of the Sale Shares in favor of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) approval of the lodgment of a notice of transfer of the Sale Shares with ACRA and the making of such entries
into the corporate records of the Company as may be necessary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) a copy or extract of the meeting minutes or written resolutions of the Board approving:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the transfer of the Sale Shares to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the cancellation of the share certificate(s) issued in the name of the Vendor in respect of the Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the execution and issuance of a new share certificate issued in the name of the Purchaser in respect of
the Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the filing of the instrument of transfer of the Sale Shares with the applicable authority, and the updating
of the Company's register of members to reflect the transfer of the Sale Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the making of such other entries into such other corporate records of the Company as may be necessary;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) such other papers and documents as the Purchaser may require.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2. the Vendor shall deliver or procure to be delivered to the Purchaser, the Purchaser's duly completed
and signed counterpart of the share transfer form (in such prescribed forms under the applicable laws and/or the constitutional documents
of the Company) in respect of the Sale Shares.

5.3. The Purchaser shall pay the Purchase Price to the Vendor as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.1. at Closing, subject to compliance by the Vendor of all the obligations set out in Clause 5.2.1, the Purchaser
shall issue to the Vendor the Consideration Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.2. The total Purchase Price shall be deemed fully paid upon receipt of the Consideration Shares described
in clauses 5.3.1.

5.4. Without prejudice to any other remedies available to the parties, if in any respect the provisions of
Clause 5 are not complied with by any party on the Closing Date, the other parties not in default may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.1. defer Closing to a date not more than 30 days after the Closing Date (and so that the provisions of this
Clause 5 shall apply to Closing as so deferred); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.2. proceed to Closing so far as practicable (without prejudice to its rights under this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.3. rescind this Agreement.

6. <u>REPRESENTATIONS AND WARRANTIES</u> 

6.1. The Vendor hereby represent, warrant to and undertake with the Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1. the Vendor hold 70% of the issued and paid-up share capital
of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2. the Vendor have the power and authority to enter into, exercise its rights and perform and comply with
its obligations under this Agreement in accordance with its terms thereof and this Agreement constitutes valid and binding obligations
on the Vendor, enforceable against the Vendor in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3. the Vendor' entry into, exercise of its rights, execution, delivery and/or performance of or compliance
with its obligations under this Agreement (a) complies with all laws, regulations, authorizations, rulings and judgments or orders or
decrees of any relevant governmental agency which is binding on or applicable to it; (b) complies with the constitution or other constitutive
documents of the Vendor and (c) does not and will not violate, or exceed any power or restriction granted or imposed by, any agreement
or arrangement to which it is a party or which is binding on it or its assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4. at Closing, the Vendor' will be entitled to transfer the full and beneficial ownership of the Sale
Shares to the Purchaser on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5. all contracts entered into by the Company are valid and enforceable as of the date of the Closing, with
no indication of any disputes or imminent litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6. all receivables in the books of the Company are collectable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.7. there are no breaches of any material terms in respect of all the contracts executed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.8. there are no claims or litigation against the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.9. there are no breaches of any of the terms and conditions governing the issuance of any licenses or permits
to operate the Business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.10. save as represented to the Vendor, and the latest unaudited accounts of the Company, the Company does
not have any other liabilities (including tax liabilities).

6.2. The Purchaser acknowledges and accepts that save for the Warranties set out in Clause 6.1, the Vendor
offers no other representations or warranties to the Purchaser in respect of the Vendor, the Sale Shares or the Company.

6.3. The Purchaser represents, warrants to and undertakes with the Vendor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1. the Purchaser has the power and authority to enter into, exercise its rights and perform and comply with
its obligations under this Agreement in accordance with its terms thereof and this Agreement constitutes valid and binding obligations
on the Purchaser, enforceable against the Purchaser in accordance with its terms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.2. the Purchaser's entry into, exercise of its rights, execution, delivery and/or performance of or compliance
with its obligations under this Agreement (a) complies with all laws, regulations, authorizations, rulings and judgments or orders or
decrees of any relevant governmental agency which is binding on or applicable to it; and (b) does not and will not violate, or exceed
any power or restriction granted or imposed by, any agreement or arrangement to which it is a party or which is binding on it or its assets.

6.4. The Vendor acknowledge and accept that save for the Warranties set out in Clause 6.3, the Purchaser offers
no other representations or warranties to the Vendor in respect of the Purchaser.

6.5. If prior to Closing a party (the "Non-Defaulting Party") shall find that any of the representations,
warranties or undertakings on the part of any other party ("Defaulting Party"), have not in any material respects been carried
out or complied with or are otherwise untrue or incorrect in any material respects, the Non-Defaulting Party shall be entitled by notice
in writing to the Defaulting Party to terminate this Agreement, and thereupon all of the Non-Defaulting Party's obligations under this
Agreement shall cease, but without prejudice to its rights under this Agreement in respect of any antecedent breaches.

7. <u>COSTS AND EXPENSES</u> 

7.1. Any stamp duty payable on the transfer of the Sale Shares to the Purchaser shall be borne by Purchaser.
All other costs and expenses (including, without limitation, all legal fees and expenses and fees and expenses of accounting firms and
other professionals and agents) incurred in connection with this Agreement and the Transaction shall be borne by the Vendor, save as for
any costs and expenses which accrues to the sole benefit of the Purchaser ()"**Purchaser Costs** "). Such Purchaser Costs shall be borne by the Purchaser.

8. <u>FURTHER ASSURANCE</u> 

8.1. Each party shall (at its own expense) promptly execute and deliver such documents and perform such acts
as the other parties may reasonably require from time to time for the purpose of giving full effect to this Agreement and the transactions
contemplated by this Agreement.

9. <u>GENERAL PROVISIONS</u> 

9.1. **Entire Agreement and Amendments:** This
Agreement and the documents referred to herein are in substitution for all previous agreements, both written and oral, between all or
any of the parties and contain the whole agreement between the parties relating to the subject matter of this Agreement. No amendment
or variation of this Agreement shall be effective unless in writing and signed by or on behalf of each of the parties.

9.2. **Waiver:** Any term or provision of
this Agreement may be waived in writing at any time by the party entitled to the benefits thereof. Any waiver effectuated pursuant to
this Clause 10.2 shall be binding upon all parties hereto. No failure to exercise and no delay in exercising any right, power or privilege
shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege preclude the exercise of
any other right, power or privilege.

9.3. **Severance:** If any provision of
this Agreement shall be held to be illegal, invalid or unenforceable, in whole or in part, the legality, validity and enforceability of
the remainder of this Agreement shall not be affected.

9.4. **Counterparts:** This Agreement may
be signed in any number of counterparts and by the parties on separate counterparts, each of which when so executed shall be an original,
but all counterparts shall together constitute one and the same document.

9.5. **Dispute Resolution:** Any
 dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or
 termination, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre
 in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules
 are deemed to be incorporated by reference in this Clause 10.5. The seat of the arbitration shall be Singapore. The tribunal of the
 arbitration shall consist of one (1) arbitrator. The language of the
arbitration shall be English. The arbitral award shall be final and binding upon the parties hereto.

9.6. **Governing Law:** This Agreement,
the rights and obligations of the parties hereto and any claims or disputes relating thereto, shall be governed by and construed in accordance
with the laws of Singapore.

9.7. **Third Parties:** No person who is
not a party of this Agreement shall have any right to enforce any term of this Agreement under any applicable law.

10. <u>CONFIDENTIALITY</u> 

10.1. The terms of this Agreement and all communications between the parties or any of them and all information
and other material supplied to or received by any of them from any other party which is either marked "confidential" or is by
its nature intended to be exclusively for the knowledge of the recipient alone and any information concerning the business transactions
or the financial arrangements of the parties or any person with whom any of them is in a confidential relationship with regard to the
matter in question coming to the knowledge of the recipient shall be kept confidential by the recipient unless or until compelled, required
or requested to disclose by judicial or administrative procedures or otherwise by law or required to disclose to any relevant stock exchange,
government body, regulatory body or authority, or the recipient can reasonably demonstrate that it is or part of it is, in the public
domain (other than by virtue of its actions and/or omissions) or that the information has also been received from a third party which,
to the actual knowledge of the recipient is not subject to any confidentiality obligations with respect to such information whereupon,
to the extent that it is public, this obligation shall cease Provided that nothing herein shall prohibit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any party from disclosing to any person any information received or sourced from a third party (so long
as such party to the recipient's actual knowledge has not obtained or released such information in breach of any confidentiality obligation);
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any party from disclosing any information referred to in this clause to its auditors or other professional
advisers.

10.2. The obligations contained in this clause shall endure, even after the termination of this Agreement, without
limit in point of time except to the extent that and until any confidential information enters the public domain as set out above.

**IN WITNESS WHEREOF** the Parties have hereunto caused this Agreement to be duly executed as at the day and year first above written.

**<u>Vendor</u>**

---

| | |
|:---|:---|
| SIGNED by<br> **Yeo Khee Seng Benny**<br>in the presence of: | ![](ex1-5_001.jpg) |
| Witness's signature |  |
| Name: Phua Zhi Yong |  |
| **<u>Purchaser</u>** |  |
| SIGNED by<br> **Mike Fu**<br> for and on behalf of<br> **YY GROUP HOLDING LIMITED**<br> **(Company No. 2118556)**<br>in the presence of: | ![](ex1-5_002.jpg) |
| Witness's signature |  |
| Name: Phua Zhi Yong |  |

---

## Exhibit 1.6

**Exhibit 1.6**

**DATED** <u>2 June 2025</u> 

Between

**TAN TECK KEE (CHEN DEQI)**

**SEAH HOCK THIAM**

**HARRY WALTER MARTIN IV**

as Vendors

and

**YY GROUP HOLDING LIMITED**

as Purchaser

**SALE AND PURCHASE AGREEMENT**

relating to all the issued ordinary shares

in the capital of

**UNIFORCE SECURITY SERVICES PTE. LTD.**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **CLAUSE** | **HEADING** | **PAGE** |
| **1.** | **DEFINITIONS AND INTERPRETATION** | **1** |
| **2.** | **SALE OF THE SALE SHARES** | **4** |
| **3.** | **CONDITIONS PRECEDENT** | **5** |
| **4.** | **CONSIDERATION FOR THE SALE SHARES** | **6** |
| **5.** | **COMPLETION** | **6** |
| **6.** | **WARRANTIES AND UNDERTAKINGS** | **7** |
| **7.** | **INDEMNITY** | **9** |
| **8.** | **CONFIDENTIALITY** | **10** |
| **9.** | **ANNOUNCEMENTS** | **10** |
| **10.** | **COSTS** | **10** |
| **11.** | **GENERAL** | **10** |
| **12.** | **ILLEGALITY** | **11** |
| **13.** | **NOTICES** | **11** |
| **14.** | **FURTHER ASSURANCE** | **12** |
| **15.** | **ENTIRE AGREEMENT** | **12** |
| **16.** | **ASSIGNMENT** | **12** |
| **17.** | **VARIATIONS** | **12** |
| **18.** | **REMEDIES AND WAIVERS** | **12** |
| **19.** | **TIME OF ESSENCE** | **13** |
| **20.** | **COUNTERPARTS** | **13** |
| **21.** | **CONTRACTS (RIGHTS OF THIRD PARTIES) ACT** | **13** |
| **22.** | **GOVERNING LAW** | **13** |
|  | **SCHEDULE 1** |  |
|  | **REPRESENTATIONS AND WARRANTIES** | **14** |

---

i

**<u>SALE AND PURCHASE AGREEMENT</u>**

**THIS AGREEMENT** is made on <u>2 June 2025</u> 

**AMONGST**

(1) **TAN TECK KEE (CHEN DEQI)** (NRIC No. S7423029F) of 90 Elias
Road #05-34 Stratum, Singapore 519950;

(2) **SEAH HOCK THIAM** (NRIC No. S1764330D) of 11 Jalan Senandong,
Swiss Club Park, Singapore 288762;

(3) **HARRY WALTER MARTIN IV** (NRIC No. S8014198Z) of 31 Pasir Ris Street 72 #08-22 Whitewater, Singapore 518769,

(collectively, the "**Vendors**"); and

(2) **YY GROUP HOLDING LIMITED** (Company Registration No. 2118556), a company incorporated in the British Virgin Islands and having its registered office at Vistra
Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands and principal executive office at 60 Paya
Lebar Road #09-13 Paya Lebar Square, Singapore 409051 (the "**Purchaser** "),

**(collectively, the "**Parties**" and each, a "**Party**").**

**WHEREAS**

(A) Uniforce Security Services Pte. Ltd. (the "**Company** ")
(Company Registration No. 201713116H) was incorporated in Singapore on 12 May 2017 and has, at the date of this Agreement, an issued
and paid-up share capital of S$500,000 comprising 500,000 ordinary shares.

(B) The Company is principally engaged in the business of providing
private security services.

(C) The Vendors hold and own all the issued and paid-up ordinary
shares in the share capital of the Company ()"**Shares**") as follows:

---

| | |
|:---|:---|
| **Name of Vendor** | **Number of Shares** |
| Tan Teck Kee (Chen Deqi) | 225,000 Shares |
| Seah Hock Thiam | 225,000 Shares |
| Harry Walter Martin IV | 50,000 Shares |

---

(D) The Vendors have agreed to sell to the Purchaser, and the Purchaser
has agreed to purchase from the Vendors, the Sale Shares (as defined below) on the terms and subject to the conditions contained in this
Agreement.

**NOW IT IS HEREBY AGREED** as follows

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement and in the Schedules unless the context requires
otherwise:

"**Accounts**" means the unaudited financial statements of the Company for the financial period ended the Balance Sheet Date as prepared by the Vendors on a consistent basis in accordance with accounting principles, standards and practices generally accepted as at the date hereof in Singapore;

"**ACRA**" means the Accounting and Corporate Regulatory Authority of Singapore;

"**Balance Sheet Date**" means 31 March 2025;

"**borrowed money**" includes any indebtedness for or in respect of money borrowed or raised (whether or not for a cash consideration), by whatever means (including acceptances, deposits and leasing), or for the deferred purchase price of assets or services;

"**Business Day**" means a day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks are open for business in Singapore;

"**Claim**" includes any notice, demand, assessment, letter or other document issued or action taken by the Inland Revenue Authority of Singapore or other statutory or governmental authority, body or official whatsoever (whether of Singapore or elsewhere in the world) whereby the Company is or may be placed or sought to be placed under a liability to make payment on any Taxes or deprived of any relief, allowance, credit or repayment otherwise available;

"**Company**" has the meaning ascribed to it in Recital (A);

"**Companies Act**" means the Companies Act 1967 of Singapore;

"**Completion**" means completion of the sale and purchase of the Sale Shares pursuant to Clause 5;

"**Completion Date**" means the date falling seven days after the date on which all conditions under Clause 3.1 have been fulfilled or waived, or such other date as the Parties may mutually agree in writing;

"**Completion Payment**" shall have the meaning ascribed to it in Clause 4.1.1;

"**Confidential Information**" means any information which is proprietary and confidential to the Company or any Party including but not limited to information concerning or relating in any way whatsoever to its distributorship, franchise or other arrangements, principals, any of the trade secrets or confidential operations, processes or inventions carried on or used by the Company or any Party, any information concerning the organisation, business, finances, transactions or affairs of the Company or any Party, its dealings, secret or confidential information which relates to its business or any of its principals', clients' or customers' transactions or affairs, its technology, designs, documentation, manuals, budgets, financial statements or information, accounts, dealers' lists, customer lists, marketing studies, drawings, notes, memoranda and the information contained therein, any information therein in respect of trade secrets, technology and technical or other information relating to the development, manufacture, clinical testing, analysis, marketing, sale or supply or proposed development, manufacture, clinical testing, analysis, marketing, sale or supply of any products or services by the Company or any Party, and plans for the development or marketing of such products or services and information and material which is either marked confidential or is by its nature intended to be exclusively for the knowledge of the recipient alone;

"**Consideration**" shall have the meaning ascribed to it in Clause 4.1;

"**debt**" means all or any indebtedness of the Company, including without limitation (a) all obligations of the Company for borrowed moneys or evidenced by bonds, debentures, notes, letters of credit or other instruments and securities, (b) all obligations of the Company as lessee under capital leases, (c) all obligations of the Company to pay the deferred purchase price of property or services, except accounts payable, accrued expenses or course trade payables arising in the course of business, and (d) all debt of other parties guaranteed by the Company, or secured by a lien on any of the assets of the Company;

"**Deferred Payments**" means the part payments of the Consideration on the respective dates set out under Clauses 4.1.2, 4.1.3 and 4.1.4;

"**Disclosure Letter**" means the document dated on the Completion Date setting out matters which constitute exceptions to the Warranties (if any);

"**Encumbrance**" means any mortgage, assignment of receivables, debenture, lien, charge, pledge, title retention, right to acquire, security interest, option, pre-emptive or other similar right, right of first refusal and any other encumbrance or condition whatsoever;

"**Fundamental Warranties**" means the Warranties set out in Clause 6.1;

"**Indemnified Losses**" shall have the meaning ascribed to it in Clause 7.1;

"**Indemnity Period**" means the period of three years from the Completion Date;

"**Intellectual Property Rights**" means any trademark, pending trademark application, patent, pending patent application, know-how, registered and unregistered design, copyright, trade secret, licence relating to any of the above or other similar industrial or commercial right;

"**Long Stop Date**" means 31 August 2025;

"**Misappropriated Funds**" means the funds belonging to the Company which have been misappropriated by the Company's ex-director and ex-employees and which form the subject matter of the claim against Liew Wah Sun under Case Num HC/OC 196/2023 and the Police Report Number G/20240817/7070 made by Mary Abigail Carreon Gestoso on 17 August 2024;

"**month**" means calendar month;

"**Office Lease**" means the existing lease by the Company of the premises at 10 Ubi Crescent #07-24 and #07-25 Ubi Techpark, Singapore 408564 pursuant to the tenancy agreement dated 6 December 2023;

"**Sale Shares**" means 500,000 Shares, constituting 100% of the total issued and paid-up share capital of the Company;

"**Shares**" shall have the meaning ascribed to it in Recital (D);

"**S$**" or "**Singapore Dollars**" means the lawful currency of Singapore;

"**Taxation**" or "**Taxes**" means all forms of taxation whether of Singapore or elsewhere in the world, past, present, future and deferred (including, without limitation, capital gains tax, income tax, real and personal property tax, withholding tax, estate duty, profits tax, stamp duty, value added tax, purchase tax, goods and services tax, customs and other import or export duties) or charges of any kind whatsoever, together with any interest and levies and all penalties, charges, costs and additions to tax, payable by or due from the Company, or any additional amounts imposed by any government, governmental agency, statutory body or any revenue authority, upon the the Company;

"**Transaction**" includes any transaction, act, event or omission of whatever nature; and

"**Warranties**" means the representations, warranties and undertakings made by the Vendors contained or referred to in this Agreement and "**Warranty**" means any of them.

1.2 In this Agreement, a reference to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1 a statutory provision shall include that provision and any regulations
made in pursuance thereof as from time to time modified or re-enacted, whether before or after the date of this Agreement, so far as
such modification or re-enactment applies or is capable of applying to any Transactions entered into prior to Completion and (so far
as liability thereunder may exist or can arise) shall include also any past statutory provision or regulation (as from time to time modified
or re-enacted) which such provision or regulation has directly or indirectly replaced;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.2 "**this Agreement**" includes all amendments,
additions, and variations thereto agreed between the Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.3 "**person**" shall include an individual, corporation,
company, partnership, firm, trustee, trust, executor, administrator or other legal personal representative, unincorporated association,
joint venture, syndicate or other business enterprise, any governmental, administrative or regulatory authority or agency (notwithstanding
that "**person**" may be sometimes used herein in conjunction with some of such words), and their respective successors,
legal personal representatives and assigns, as the case may be, and pronouns shall have a similarly extended meaning;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.4 "**month**" is a reference to a period starting
on one day in a calendar month and ending on the numerically corresponding day in the next succeeding calendar month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.5 "**written**" and "**in writing** "
include any means of visible reproduction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.6 "**Recitals** ", "**Clauses** ", and
" **Schedules**" are to the recitals, clauses of, and the schedules to, this Agreement (unless the context otherwise requires);
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.7 "**paragraph**" is a reference to a paragraph
of the Clause in which such reference appears.

1.3 Unless the context otherwise requires, words importing the singular
shall include the plural and *vice versa* and words importing a specific gender shall include the other genders (male, female or
neuter).

1.4 The Schedules form part of this Agreement and have the same
force and effect as if expressly set out in the body of this Agreement.

1.5 The headings in this Agreement are inserted for convenience
only and shall not affect the construction of this Agreement.

1.6 Any thing or obligation to be done under this Agreement which
requires or falls to be done on a stipulated day shall be done on the next succeeding Business Day, if the day upon which that thing
or obligation is required or falls to be done falls on a day which is not a Business Day.

1.7 Save as otherwise specified herein, the covenants, stipulation,
undertakings, agreements and obligations of each Vendor under this Agreement shall be deemed to be made by the Vendors jointly and severally
and any covenant, stipulation, undertaking, agreement or obligation expressed to be made by or on behalf of any Vendor shall be binding
upon and enforceable against the Vendors jointly and severally.

2. SALE OF THE SALE SHARES

2.1 Subject to the terms and conditions of this Agreement, the Vendors
shall sell as legal and beneficial owners of the Sale Shares, and the Purchaser relying on the Warranties contained in this Agreement
shall purchase the Sale Shares, free from all Encumbrances and together with all rights, dividends, entitlements and advantages as of
and including the Completion Date.

2.2 Each of the Vendors hereby waives in favour of one another and
the Purchaser, all pre-emption and other rights which he may have or be entitled to over any of the Sale Shares conferred by the constitution
of the Company or in any other way.

2.3 The Purchaser shall not be obliged to complete the purchase
of any of the Sale Shares unless the purchase of all the Sale Shares is completed simultaneously.

3. CONDITIONS PRECEDENT

3.1 Completion of the sale and purchase of the Sale Shares is conditional
upon the following condition(s) having been fulfilled (or waived in writing):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1 the Vendors having delivered to the Purchaser written waivers
duly executed by Tan Teck Kee (Chen Deqi) and Seah Hock Thiam, pursuant to which all amounts owing to the said creditors as at the Completion
Date shall be fully waived and cease to be repayable by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2 the Company having given written notice of termination of the
Office Lease to the landlord, such termination to take effect on the date falling one month after the Completion Date, and with the Company
not incurring any further liability in respect of the Office Lease after the date of termination;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3 the delivery by the Vendors to the Purchaser, on the Completion
Date, of the Disclosure Letter on such terms that are reasonably satisfactory to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.4 there being no breach of any of the Warranties and the Warranties
remaining true and not misleading in any material respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.5 each of the Parties having performed all of the covenants and
agreements required to be performed or caused to be performed by it under this Agreement on or before the Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.6 the Vendors having delivered a copy of the Accounts to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.7 there being no default by the Company in any of its obligations
by which the Company may become bound or liable to be called upon to repay prematurely any borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.8 there being no material adverse change in the business, operations,
assets, financial condition or prospects of the Company since the date of signing of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.9 all necessary governmental, regulatory and third party (if any)
consents, approvals, clearances, releases and waivers in respect of the Transactions contemplated in this Agreement and all other Transactions
in connection therewith and incidental thereto, having been obtained, for the entry into this Agreement and for the Transactions contemplated
herein, and such consents, approvals, clearances, releases and waivers remaining in full force and effect and not having been amended
or revoked, and to the extent that such consents, approvals and waivers are subject to any conditions, such conditions being reasonably
acceptable to the Parties and to the extent such conditions are required to be fulfilled, such conditions are so fulfilled.

3.2 If, at any time prior to Completion, the Vendors or the Purchaser
becomes aware of a fact or circumstance which might prevent any of the conditions set out in Clause 3.1 from being satisfied, it shall
immediately inform the other Party.

3.3 Unless specifically waived by the Purchaser, if any of the conditions
stated in Clause 3.1 (in the case of Clause 3.1.5, to the extent applicable to the Vendors) shall not be fulfilled on or before the Long
Stop Date or such other date as the Parties shall mutually agree in writing, the Purchaser shall have the right, by notice in writing
to the Vendors, to terminate this Agreement, whereupon this Agreement shall *ipso facto* cease and determine and no Party shall
have any claim against the other for costs, damages, compensation or otherwise, save for any claim arising from any antecedent breach
of the terms hereof.

3.4 Unless specifically waived by the Vendors, if the condition
stated in Clause 3.1.5 (to the extent applicable to the Purchaser) shall not be fulfilled on or before the Long Stop Date or such other
date as the Parties shall mutually agree in writing, the Vendors shall have the right, by notice in writing to the Purchaser, to terminate
this Agreement, whereupon this Agreement shall *ipso facto* cease and determine and no Party shall have any claim against the other
for costs, damages, compensation or otherwise, save for any claim arising from any antecedent breach of the terms hereof.

4. CONSIDERATION FOR THE SALE SHARES

4.1 Subject to Clause 4.4, the consideration for the Sale Shares
(the "**Consideration**") shall be S$1,000,000, payable as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1 S$200,000, in cash on Completion (the "**Completion Payment** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2 S$300,000, in cash on 31 December 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3 S$300,000, in cash on 31 March 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.4 S$200,000, in cash on 30 June 2026.

4.2 For the avoidance of doubt, notwithstanding the deferred payments
of part of the Consideration, it is hereby agreed that the Purchaser shall have full title, interest and rights to the Sale Shares upon
their transfer to the Purchaser on the Completion Date. Any deferred payment of part of the Consideration due and outstanding shall remain
a debt due from the Purchaser to the Vendors.

4.3 All payments of the Consideration to the Vendors shall be made
in proportion to the number of Sale Shares held by each Vendor.

4.4 Without prejudice to any other rights or remedies available
to it, the Purchaser shall be entitled to deduct from any of the Deferred Payments prior to payment to the Vendors, any rent, charges,
fees or other liabilities incurred by the Company under the Office Lease after the date falling one month after the Completion Date.

4.5 If the Purchaser fails to pay all of or part of the Deferred
Payments as required under Clause 4.1, interest will accrue on any part of the Deferred Payment that becomes due in accordance with Clause
4.1 and remains unpaid at a rate of 8% per annum until the date of receipt by Vendors of such sum from the Purchaser, and the Purchaser
will indemnify the Vendors for all costs and fees required for any legal action necessary for the Vendors to claim payment of the unpaid
portion of the Deferred Payments and interest accruing on the unpaid portion of the Deferred Payments.

5. COMPLETION

5.1 Subject to Clause 3, Completion shall take place on the Completion
Date at the office of the Company (or at such other place as the Parties may agree) where all of the events described below shall occur.

5.2 On Completion, the Vendors shall deliver to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1 the share certificate(s) in respect of the Sale Shares, together
with valid share transfer form in respect of the Sale Shares, duly executed by the Vendors in favour of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2 a certified true copy of the resolutions passed by the board
of directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) approving the transfers of the Sale Shares to the Purchaser,
subject only to the instruments of transfer being duly stamped;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorising the issue of a new share certificate in respect
of the Sale Shares in favour of the Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) approving the lodgement of a notice of transfer of the Sale
Shares with ACRA and the making of such entries into the corporate records of the Company as may be necessary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.3 such waivers or consents as may be necessary, including but
not limited to waivers of pre-emption rights in respect of the Sale Shares, to enable the Purchaser to be registered as holder of any
and all of the Sale Shares.

5.3 On Completion and against compliance with the provisions of
Clause 5.2, the Purchaser shall deliver the Completion Payment to the Vendors by way of cheques drawn on a bank licensed in Singapore
and made out in favour of the Vendors, or in such other manner as may be agreed between the Vendors and the Purchaser in writing.

5.4 Without prejudice to any other remedies available, if in any
respect the provisions of this Clause 5 are not complied with by any Party on the Completion Date, the Party not in default may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.1 defer Completion to a date not more than 28 days after the Completion
Date (and so that the provisions of this Clause shall apply to Completion as so deferred);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.2 effect Completion so far as practicable having regard to the
defaults which have occurred (without prejudice to their rights hereunder); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.3 rescind this Agreement.

6. WARRANTIES AND UNDERTAKINGS

6.1 The Vendors hereby jointly and severally represent, warrant
and undertake to and with the Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1 the Vendors are currently, and shall on Completion be, the legal
and beneficial owner of the Sale Shares, and that the Sale Shares represent, and shall on Completion represent, 100% of the issued and
paid-up share capital of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2 the Vendors are entitled to sell and transfer or procure the
sale and transfer of the Sale Shares to the Purchaser, free from all and any Encumbrances together with all rights and benefits attaching
thereto as at the Completion Date and no other person has or shall have any rights of pre-emption over such Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3 on Completion, the Sale Shares are and shall have been authorised,
allotted, validly issued and fully paid-up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4 they have full power and authority to execute and deliver this
Agreement and the agreements contemplated herein, and to consummate the Transactions contemplated hereby and that the Agreement and all
such other agreements and obligations entered into and undertaken in connection with the Transactions contemplated hereby constitute
their valid and legally binding obligations, enforceable against them in accordance with their respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5 their entry into and the performance of their obligations under
this Agreement shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) infringe, or constitute a default under, any instrument, contract,
document or agreement to which they or the Company are a party or by which they, the Company or their respective assets are bound; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) result in a breach of any law, rule, regulation, ordinance,
order, judgment, decree, approval or licence of or undertaking to any court, government body, statutory authority or regulatory, administrative
or supervisory body to which they or the Company are a party or by which they, the Company or their respective assets are bound, whether
in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6 the information as set out in Recitals (A) to (D) is true and
accurate in all respects and there is no information the omission of which in the Recitals might make such information misleading or
inaccurate in any respect.

Each of the representations, warranties and undertakings above shall be separate and independent and shall not, save as disclosed in the Disclosure Letter, be limited by anything in this Agreement. The Vendors acknowledge that the Purchaser has entered into this Agreement in full reliance upon and on the basis of each of the Warranties contained herein.

6.2 Save as disclosed in the Disclosure Letter, the Vendors hereby
jointly and severally represent, warrant and undertake to and with the Purchaser in relation to the Company in the terms set out in Schedule
1, and in relation to any Warranty which refers to the knowledge, information or belief of the Vendors, that it refers to the actual
knowledge of the Vendors after making due and proper enquiry into the subject matter of that Warranty. The Purchaser shall not make any
claim against the Vendors for any breach of a Warranty where the subject matter of the breach is disclosed in the Disclosure Letter.

6.3 The Vendors further undertake to the Purchaser that, prior to
Completion, but subject to the actual knowledge of the Vendors, should any material liability or undertaking have arisen with respect
to the Company or the Vendors, the Vendors shall have the responsibility to inform the Purchaser of such liability or undertaking.

6.4 If after the signing of this Agreement and before Completion,
any event shall occur or matter arise which results or may result in any of the Warranties being unfulfilled, untrue, misleading or incorrect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.1 the Vendors shall immediately notify the Purchaser in writing
fully thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.2 the Vendors shall make any such investigation concerning the
event or matter which the Purchaser may reasonably require.

6.5 The warranties, representations and undertakings given herein
will be fulfilled down to and will be true and correct as at the Completion Date as if they had been entered into afresh at the Completion
Date. The Vendors shall not do, allow or procure any act or omission before Completion which would constitute a breach of any of the
Warranties if they were given at Completion or which would make any of the Warranties inaccurate or misleading if they were so given.

6.6 The Purchaser hereby represents, warrants and undertakes to
and with the Vendors that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.1 it has full power and authority to execute and deliver this
Agreement and the agreements contemplated herein, and to consummate the Transactions contemplated hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.2 this Agreement and all such other agreements and obligations
entered into and undertaken in connection with the Transactions contemplated hereby constitute its valid and legally binding obligations,
enforceable against it in accordance with its respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.3 the execution and delivery of, and the performance by the Purchaser
of its obligations under this Agreement will not and are not likely to result in a breach of any provision of the constitution of the
Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.4 it enters and executes this Agreement as principal and not as
an agent of a third party.

6.7 The Purchaser hereby further undertakes to and with the Vendors
that any Misappropriated Funds recovered by the Company during the Indemnity Period shall be paid to the Vendors in proportion to the
number of Sale Shares held by each Vendor.

6.8 Save for this Clause 6 and Schedule 1, no Party makes any other
representations or warranties, express or implied, to the other Party.

6.9 Each and every obligation under this Clause 6 is a separate
and independent primary obligation and shall survive and shall not be extinguished in any way by Completion. Each and every obligation
shall be severally enforceable.

7. INDEMNITY

7.1 The Vendors jointly and severally irrevocably undertake to keep
the Purchaser, for itself and as agent and trustee for the Company, fully and effectively indemnified, during the Indemnity Period, against
any losses, costs, damages, claims, penalties, demands, actions, proceedings, liabilities and expenses (including but not limited to
all legal costs on a full indemnity basis) ()"**Indemnified Losses**") that the Purchaser or the Company may incur or suffer,
in connection with or arising from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.1 any breach or inaccuracies of any of the Warranties and/or any
default by any of the Vendors of his obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.2 any non-compliance with the Companies Act in relation to the
obligations of the Company and/or its officers prior to Completion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.3 the legal proceedings commenced by the Company against Liew
Wah Sun, an ex- director of the Company, including Case Number HC/OC 196/2023 and all related proceedings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.4 the Police Report Number G/20240817/7070 made by Mary Abigail
Carreon Gestoso on 17 August 2024 in relation to the misappropriation of funds belonging to the Company by certain ex-employees of the
Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.5 any depletion in or reduction in value of the assets or increase
in any liabilities in relation to the Company due to failure by the Company to make provision in the Accounts for Taxes payable by the
Company (i) in respect of any Transaction effected or deemed to have been effected on or before Completion, or (ii) by reference to any
income, profits or gains earned, accrued or received on or before Completion,

provided that there shall be no time limitation for any claim for indemnification under this Clause in relation to the Fundamental Warranties or where any of the Vendors has committed fraud or wilful misrepresentation.

7.2 The Vendors will not be required to indemnify the Purchaser
or the Company for any Indemnified Losses arising from Clause 7.1.3 that were incurred after the Completion Date if the Company and/or
the Purchaser fails to keep the Vendors informed of all material developments in HC/OC 196/2023 and all related proceedings and/or incurs
any costs in HC/OC 196/2023 and all related proceedings without the Vendors' knowledge and approval.

7.3 The maximum aggregate liability of the Vendors under Clause
7.1 shall not exceed 50% of the Consideration.

7.4 Any liability to the Purchaser or the Company hereunder may
in whole or in part be released, compounded or compromised, or time or indulgence may be given, by the Purchaser or the Company in its
absolute discretion without in any way prejudicing or affecting its rights against the Vendors for any other breaches. Any release or
waiver or compromise shall be in writing and shall not be deemed to be a release, waiver or compromise of similar conditions in the future.

8. CONFIDENTIALITY

8.1 Each of the Parties agrees to keep strictly secret and confidential,
and under no circumstances disclose to any person or entity which is not a Party hereto, any Confidential Information arising from or
in connection with this Agreement unless disclosure of such information is expressly permitted by the prior written consent of the other
Parties.

8.2 The confidentiality obligation under Clause 8.1 shall not apply
to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1 any information obtained from any Party hereto which becomes
generally known to the public, other than by reason of any wilful or negligent act or omission of such Party or any of its agents, advisers,
directors, officers, employees or representatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.2 any information which is required to be disclosed pursuant to
any applicable laws or any requirement of any competent governmental or statutory authority or pursuant to rules or regulations of any
relevant regulatory, administrative or supervisory body (including without limitation, any relevant stock exchange or securities council);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.3 any information which is required to be disclosed pursuant to
any legal process issued by any court or tribunal whether in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.4 any information disclosed by either Party to their respective
bankers, financial advisers, consultants and legal or other advisers for the purpose of this Agreement.

9. ANNOUNCEMENTS

9.1 Neither Party shall make or authorise the making of any announcement
concerning the existence or subject matter of this Agreement unless the other Party shall have given its written consent to such announcement
(such consent not to be unreasonably withheld or delayed).

9.2 Clause 9.1 shall not apply to any information which is required
to be disclosed pursuant to any applicable laws or any requirement of any competent governmental or statutory authority or rules or regulations
of any relevant regulatory, administrative or supervisory body (including without limitation, any relevant stock exchange in Singapore
or elsewhere or securities council).

10. COSTS

10.1 The Purchaser shall bear all stamp duty and other documentary
taxes (if any) payable in connection with the transfer of the Sale Shares from the Vendors to the Purchaser.

10.2 Save as set out in Clause 10.1, each Party shall bear its own
legal and other costs and expenses of and incidental to the negotiation, preparation, execution and performance by it of this Agreement
and all ancillary documents and the sale and purchase hereby agreed to be made.

11. GENERAL

11.1 The provisions of this Agreement including the representations,
warranties, covenants and undertakings herein contained (insofar as the same shall not have been fully performed at Completion) shall
remain in full force and effect notwithstanding Completion and shall not in any respect be extinguished or affected by Completion, or
by any other event or matter whatsoever, except by a specific and duly authorised written waiver or release by the Purchaser or the Vendors,
as the case may be. Completion shall not prejudice any rights of any Party which may have accrued hereunder prior to Completion.

11.2 Save as expressly provided herein, any right of termination
conferred upon the Purchaser or the Vendors shall be in addition to and without prejudice to all other rights and remedies available
to it and no exercise or failure to exercise such a right of termination shall constitute a waiver of any such other right or remedy,
provided that any such right of termination shall be exercised prior to Completion.

12. ILLEGALITY

The illegality, invalidity or unenforceability of any provision of this Agreement under the law of any jurisdiction shall not affect its legality, validity or enforceability under the law of any other jurisdiction nor the legality, validity or enforceability of any other provision.

13. NOTICES

Any notice required to be given by a Party to the other Party shall be in writing (including by any written forms of electronic communication) and in the English language. It shall be deemed validly served by hand delivery or by electronic communication or by prepaid post or by a recognised courier service sent to the address or email address of the Parties given herein or such other address or email address as may from time to time be notified for this purpose. The initial addresses and email addresses of the Parties are:

**The Vendors**

<u>Tan Teck Kee (Chen Deqi)</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 90 Elias Road #05-34 Stratum, Singapore 519950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | ttk9809@yahoo.com.sg |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Seah Hock Thiam</u> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 11 Jalan Senandong, Swiss Club Park, Singapore 288762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | seahht@esun.com.sg |

---

<u>Harry Walter Martin IV</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 31 Pasir Ris Street 72 #08-22 Whitewater, Singapore 518769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | harrywmartin@gmail.com |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Purchaser** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attention | Mr Mike Fu / Mr Jason Phua |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | mike@yygroupholding.com / jason.phua@yygroupholding.com |

---

Unless there is evidence that a notice or communication was received earlier, any such notice or communication shall be deemed to have been served:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if delivered by hand, at the time of delivery;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if posted by prepaid ordinary mail, at the expiration of three
Business Days after the envelope containing the same shall have been put into the post;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if sent by written forms of electronic communication, on the
day of despatch; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if sent by courier, at the expiration of two Business Days after
the package containing the same shall have been received by the relevant courier company.

In proving such service it shall be sufficient to prove that delivery by hand was made or that the envelope containing such notice or document was properly addressed and posted as a prepaid ordinary mail letter or that the electronic communication was properly addressed and despatched or, as the case may be, the package containing such notice or document was properly addressed and sent to the relevant courier company.

14. FURTHER ASSURANCE

Each Party shall do and execute or procure to be done and executed all such further acts, deeds, things and documents as may be necessary to give effect to the terms of this Agreement.

15. ENTIRE AGREEMENT

This Agreement, and the documents referred to in it, constitutes the entire agreement and understanding between the Parties relating to the subject matter of this Agreement and supersede all prior and contemporaneous agreements, correspondence or understanding, express or implied, oral or written. The Parties agree that no Party has entered into this Agreement in reliance upon any representation, warranty or undertaking of the other Part(ies) which is not set out or referred to in this Agreement. Nothing in this Clause 15 shall however operate to limit or exclude liability for fraud.

16. ASSIGNMENT

This Agreement shall be binding upon and enure for the benefit of the successors-in-title and permitted assigns of the Parties. No Party shall (nor shall it purport to) assign, transfer, charge or otherwise deal with all or any of its rights under this Agreement nor grant, declare or dispose of any right or interest in it without the prior written consent of the other Part(ies).

17. VARIATIONS

17.1 No variation of this Agreement (or of any of the documents referred
to in this Agreement) shall be valid unless it is in writing and signed by or on behalf of each Party. The expression "**variation** "
shall include any amendment, supplement, deletion or replacement however effected.

17.2 Unless expressly agreed, no variation shall constitute a general
waiver of any provisions of this Agreement, nor shall it affect any rights, obligations or liabilities under or pursuant to this Agreement
which have already accrued up to the date of variation, and the rights and obligations of the Parties under or pursuant to this Agreement
shall remain in full force and effect, except and only to the extent that they are so varied.

18. REMEDIES AND WAIVERS

No failure on the part of any Party to exercise, and no delay on its part in exercising, any right or remedy under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.

19. TIME OF ESSENCE

Any date, time or period mentioned in any provision of this Agreement may be extended by mutual agreement between the Parties but as regards any time, date or period originally fixed and not extended or any time, date or period so extended as aforesaid, time shall be of the essence.

20. COUNTERPARTS

This Agreement may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any Party may enter into this Agreement by signing any such counterpart and each counterpart may be signed and executed by each Party and transmitted by electronic transmission and shall be as valid and effectual as if executed as an original.

21. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT

Save for the Company, a person who is not party to this Agreement has no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement, but this does not affect any right or remedy of a third party which exists or is available apart from the said Act.

22. GOVERNING LAW

22.1 This Agreement shall be governed by, and construed in accordance
with, the laws of Singapore.

22.2 The Parties agree to submit to the non-exclusive jurisdiction
of the courts of Singapore.

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**SCHEDULE 1**

**REPRESENTATIONS AND WARRANTIES**

1. *Information* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Recitals are true and all information contained in any document
or communication in writing which has been given by the Vendors or their advisers, agents, employees, officers or representatives to
the Purchaser or its advisers, agents, employees, officers or representatives in the course of the negotiations leading to this Agreement
was when given true and accurate in all material respects and is not misleading whether because of any omission or ambiguity or for any
other reason and the copies of all contracts and other documents supplied to the Purchaser or any of its advisers, agents, employees,
officers or representatives by or on behalf of the Vendors or the Company or any of their respective advisers, agents, employees, officers
or representatives are true and complete in all material respects and the contents of such copy contracts comprise the entire agreement
between the parties to them. After making due and careful enquiries, the Vendors have no knowledge of any fact or matter not disclosed
in writing to the Purchaser which renders any such information untrue, inaccurate or misleading in any material respect or the disclosure
of which might affect the willingness of the Purchaser to purchase the Sale Shares from the Vendors on the terms of this Agreement or
the price at or terms upon which the Purchaser would be willing to purchase them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The information contained in the Disclosure Letter and the documents
annexed to or referred to in it is true and accurate in all material respects and is not misleading in any material respect, whether
because of any omission or ambiguity or for any other reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Purchaser will promptly be notified in writing by the Vendors
of any matter of thing of which he becomes aware which is a breach of or inconsistent with any of the Warranties.

2. *Copies of Accounts, Constitution, etc* 

 

The copies of the Accounts and the constitution (or the equivalent constitutive documents) of the Company furnished to the Purchaser are true and complete copies and in the case of the constitutive documents of the Company, contain full details of the rights and restrictions attached to the share capital of the Company. Copies of all the resolutions and agreements (including without limitation, shareholders' agreements, voting agreements etc.) required by law to be annexed to or incorporated in the constitutive documents of the Company are annexed or incorporated and there have been no amendments to such constitutive documents which have not been lodged or otherwise registered with ACRA or other equivalent authority.

3. *Accounts* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Accounts have been prepared in accordance with all applicable
laws and on a consistent basis in accordance with accounting principles, standards and practices generally accepted at the date hereof
in Singapore so as to give a true and fair view of the state of affairs of the Company at the Balance Sheet Date and of the profits or
losses for the period concerned and as at that date make:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) full provision for all actual liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) proper and adequate provision for all contingent liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) provision reasonably regarded as adequate for all bad and doubtful
debts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) due provision for depreciation and amortisation and for any
obsolescence of assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The stock and work-in-progress are included in the Accounts
at figures not exceeding the amounts which could in the circumstances existing at the Balance Sheet Date reasonably be expected to be
realised in the normal course of carrying on the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Full provision or reserve has been made in the Accounts for
all Taxation liable to be assessed on the Company or for which it is or may become accountable in respect of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) profits, gains or income (as computed for Taxation purposes)
arising or accruing or deemed to arise or accrue on or before the Balance Sheet Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Transactions effected or deemed to be effected on or before
the Balance Sheet Date or provided for in the Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) distributions made or deemed to be made on or before the Balance
Sheet Date or provided for in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Proper provision or reserve for deferred Taxation has been made
in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The profits and losses of the Company for the financial period
ended on the Balance Sheet Date as shown by the Accounts, the accounts of the Company for previous periods delivered to the Purchaser
and the trend of profits thereby shown have not (except as therein disclosed) been affected by inconsistencies of accounting practices,
by Transactions entered into otherwise than on normal commercial terms or by any other factors rendering such profits for all or any
of such periods exceptionally high or low (other than as disclosed in the relevant accounts).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company does not have any outstanding loan capital, nor
has it factored any of its debts, or engaged in financing of a type which would not be required to be shown or reflected in the Accounts
or borrowed any money which it has not repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) There are no liabilities (including contingent liabilities)
which are outstanding on the part of the Company, other than those liabilities disclosed in the Accounts or which have arisen in the
ordinary course of business since the Balance Sheet Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) No Transaction of any importance to which the Company has been
party has taken place which, if it had taken place on or before the Balance Sheet Date, would have been required to be disclosed or reflected
in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No value was attributed in the Accounts to any asset which was
not beneficially owned by the Company at the Balance Sheet Date.

4. *Changes since the Balance Sheet Date* 

 

From the Balance Sheet Date and up to the Completion Date as regards the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its business has been lawfully carried on in the ordinary course
and so as to maintain the same as a going concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it has not disposed of any assets or assumed or incurred any
liabilities (including contingent liabilities) otherwise than in the ordinary course of carrying on its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no dividend or other distribution has been declared, made or
paid to its members except as provided for in the Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) neither its turnover nor its trading position has deteriorated
materially;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no material change has been made in the emoluments or other
terms of employment of its directors or any of its employees with an annual remuneration above S$100,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) it has not borrowed any money or issued any guarantee or created
any charge or Encumbrance over any asset other than as disclosed in the Accounts or otherwise than in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no share or loan capital has been allotted or issued or agreed
to be issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) there has been no unusual increase or decrease in the level
of its stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it has not entered into any unusual, long term or onerous commitments
or contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) after making due and careful enquiries, it has not learnt of
any circumstance making bad or doubtful any of its book debts, save as disclosed in the Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) it has not knowingly waived or released any proprietary rights
howsoever arising;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) it has not acquired or disposed of or granted any right or option
or created any other Encumbrance, save for those created pursuant to this Agreement or in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) no resolutions have been passed and nothing has been done in
the conduct or management of its affairs which would be likely to reduce its net asset value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) no change has been made to the accounting practices adopted
in relation to the Company and the accounting practices adopted for the Company are consistent with those adopted in the Accounts.

5. *Litigation* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Since the Balance Sheet Date, no claim has been made against
the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company is not at present engaged whether as plaintiff or
defendant or otherwise in any legal action, proceeding or arbitration (other than as plaintiff in the collection of debts arising in
the ordinary course of its business) or being prosecuted for any criminal offence. The claim by the Company in Case Number HC/OC 196/2023
against Liew Wah Sun has been concluded but the judgment against Liew Wah Sun has not been enforced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are no circumstances known to the Vendors which are likely
to lead to any such claim or legal action, proceeding or arbitration (other than as aforesaid) or prosecution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There is not in force any court injunction, order or directive
restraining or restricting the Company from carrying on its business or any part thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of the Vendors' knowledge or belief, the Company
is not subject to any outstanding judgment, order or decree of any court, tribunal or regulatory or government body or any undertaking
to any court, judicial authority or regulatory or government body or any outstanding arbitration award; there are no civil, criminal,
administrative or disciplinary or arbitration proceedings in progress, pending or threatened against the Company and there are no facts
likely to give rise to any such proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the best of the Vendors' knowledge or belief, neither
the Company nor any person for whose acts or defaults it may be liable has committed any criminal, illegal or other unlawful act or any
breach of contract or statutory duty or any tortious or other act or default which could lead to a claim or proceedings against the Company
or give rise to or increase the liability or obligation of the Company or which could entitle any other person to terminate any contract
to which the Company is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) To the best of the Vendors' knowledge or belief, there
are no investigations, inquiries or disciplinary proceedings by or before any regulatory, administrative, supervisory or government body
concerning the Company, whether on-going, pending or threatened and there are no facts likely to give rise to any such investigation,
inquiry or proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) To the best of the Vendors' knowledge or belief, the Company
has not been convicted of any offence and no director of the Company has been convicted of any offences in relation to the Company.

6. *Taxation* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There is no liability on the Company to Taxation in respect
of which a Claim could be made and there are no circumstances likely to give rise to such a liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All income tax, goods and services tax, property tax, stamp
duties, and other taxes charges and levies assessed or imposed by any government or governmental or statutory body which have been assessed
upon the Company and which are due and payable on or before Completion have been paid and were paid on or before the relevant due date
for payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In relation to stamp duty assessable or payable in Singapore
or elsewhere in the world, as at the date of this Agreement and as at the Completion Date, all documents in the enforcement of which
the Company may be interested have been duly stamped and no document belonging to the Company now or at Completion which is subject to
ad valorem stamp duty is or will be unstamped or insufficiently stamped; nor has any relief from such duty been improperly obtained,
nor has any event occurred as a result of which any such duty from which the Company has obtained relief, has become payable; and all
stamp duty payable upon any transfer of shares in the Company before Completion has been duly paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In relation to goods and services tax, the Company, in its relevant
jurisdiction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has been duly registered and is a taxable person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) has complied, in all respects, with all statutory requirements,
orders, provisions, directions or conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) maintains complete, correct and up to date records as is required
by the applicable legislation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) has not been required by the relevant authorities of customs
and excise to give security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not paid nor will it become liable to pay any
penalty or interest under any Taxation statute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company has not been the subject of an investigation, discovery
or access order by or involving any Taxation authority and there are no circumstances existing which make it likely that an investigation,
discovery or order will be made.

7. *Contributions* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All deductions and payments required to be made by the Company
in respect of contributions (including employer's contributions) to any relevant competent authority have been so made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Proper records have been maintained in respect of all such deductions
and payments and all regulations applicable thereto have been complied with.

8. *Tax returns* 

The Company has duly made all returns and given or delivered all notices, accounts and information which on or before the date hereof ought to have been made, given or delivered for the purposes of Taxation and all such returns, notices, accounts and information (and all other information supplied to the Inland Revenue or the Customs and Excise or other Taxation authority concerned for any such purpose) have been complete and correct and made on a proper basis and none of such returns, notices, accounts or information is disputed in any respect by the Taxation authority concerned and there is no fact known to the Vendors which might be the occasion of any such dispute or of any Claim for Taxation in respect of any financial period down to and including the Completion Date not provided for in the Accounts.

9. *Employees* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There are not in existence any contracts of service with directors
or employees of the Company, nor any consultancy agreements with the Company, which cannot be terminated by three (3) months' notice
or less or (where not reduced to writing) by reasonable notice without giving rise to any claim for damages or compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There are no amounts owing to any present or former directors
or to employees of the Company save for accrued benefits and remuneration due to present directors and employees of the Company, full
details of which have been set out in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save to the extent (if any) to which provision or allowance
has been made in the Accounts, the Company has not made or agreed to make any payment to or provided or agreed to provide any benefit
for any present or former director or employee which is not allowable as a deduction for the purposes of Taxation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Save to the extent (if any) to which provision or allowance
has been made in the Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) no liability has been incurred by the Company for breach
of any contract of service or for services, for redundancy payments or for compensation for wrongful dismissal or unfair dismissal or
for failure to comply with any order for the reinstatement or re-engagement of any employee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no gratuitous payment has been made or promised by the Company
in connection with the actual or proposed termination or suspension of employment or variation of any contract of employment of any present
or former director or employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of the Vendors' knowledge or belief, the
Company has in relation to each of its employees (and so far as relevant to each of its former employees) complied in all respects with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all obligations imposed on it by all statutes, regulations
and mandatory codes of conduct and practice relevant to the relations between it and its employees and has maintained current and adequate
records regarding the service of each of its employees; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all relevant orders and awards made under any relevant statute,
regulation or code of conduct and practice affecting the conditions of service of its employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the best of the Vendors' knowledge or belief, none
of the employees of the Company is a member of a trade union. As such, the Company is not involved in and has not received notice of
any industrial or trade dispute or any dispute or negotiation with any trade union or association of trade unions or organisation or
body of employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) As at the date of this Agreement and as at the Completion Date,
the Company does not have in existence and is not proposing to introduce, any incentive scheme, share incentive scheme, share option
scheme, profit sharing scheme or other bonus commission or incentive scheme for all or any part of its directors or employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) As at the date of this Agreement and as at the Completion
Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company has not hired or committed to hire any employees
or independent contractors or promoted or committed to promote any employees into or within the director, manager or officer levels;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no employee of the Company receives or is entitled (contingently
or otherwise) to receive any bonus, commission, variable remuneration, insurance, benefit in kind, motor vehicle for private use or other
reward other than wages or salary at a fixed rate, save for the reimbursement of expenses incurred in the normal course of business of
the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all employees who are required to have employment passes
or other required permit entitling such employee to work in Singapore or elsewhere in the world have obtained the requisite employment
passes or permit. All such employment passes or permits are valid and subsisting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As at the date of this Agreement and as at the Completion
Date, the Company has not offered or agreed to increase the remuneration of or to alter any of the material terms and conditions of employment
of any of its employees in a managerial or executive position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) There are no amounts owing to any present or former employee
of the Company other than remuneration or commission accrued for the current wage or salary period or for reimbursement of normal business
expenses and no present or former employee of the Company has any claim against it or right to be indemnified by it arising out of an
act or omission in the course of his office or employment on or before the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) As at the date of this Agreement and as at the Completion
Date, none of the employees of the Company has any accrued rights to holiday pay or to pay in lieu of holidays which have not been provided
for in full in the relevant Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The Company does not have any agreement or other arrangement
(whether or not legally binding) with any trade union or other body representing employees of the Company or any of them and the Company
does not recognise any trade union or other body representing employees of the Company or any of them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) There has been no strike, work to rule, work stoppage, work
interference activity or industrial action (official or unofficial) by any employee of the Company within the last 5 years, threatened
or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) As at the date of this Agreement and as at the Completion
Date, no employee of the Company with an annual remuneration of S$60,000 or more has resigned or submitted a letter of resignation or
threatened to resign or indicated an intention to resign that the Vendors are aware of.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) There is no agreement, arbitration or court decisions or
governmental, regulatory or supervisory orders which are binding on the Company which limit or restrict in any way the Company from relocating
or closing any of its operations.

10. *Pensions, Grants and Employment Schemes* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As at the date of this Agreement and as at the Completion
Date, save for those required by law under the relevant jurisdiction, there are not in existence nor has any proposal been announced
to establish any retirement, death or disability benefit schemes for directors or employees nor are there any obligations to or in respect
of present or former directors or employees with regard to retirement, death or disability pursuant to which the Company is or may become
liable to make payments and no pension or retirement or sickness gratuity is currently being paid or has been promised by the Company
to or in respect of any former director or former employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Where grants, subsidies or allowances have been applied for
or received by the Company from any government body, there are no grounds upon which any such grant, subsidy or allowance or any part
thereof could be liable to be repaid or recovered whether by reason of completion of this Agreement or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company is not a party to any scheme or programme relating
to the temporary or permanent engagement or training of employees under which it receives any subsidy or other financial assistance from
any government body.

11. *Debts to, contracts with, connected persons* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save as disclosed in the Accounts, there are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (A) no loans made by the Company to, and (B) no debts (whether
or not due for payment and including contingent liabilities) or unfulfilled obligations (present or future, actual or contingent) owing
to, the Vendors or to any director, officer, employee or shareholder of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no securities given by or to the Company (including guarantees
or indemnities) for any such loans or debts as aforesaid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no claim or circumstance which may give rise to a claim against
the Company by the Vendors or any director, officer, employee or shareholder of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Save as disclosed in the Accounts, there are no existing
contracts, arrangements, understandings or engagements to which the Company is a party and in which the Vendors, and/or any director,
officer, key employees or shareholder of the Company is directly or indirectly interested.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Save as disclosed in the Accounts, there is no contract,
arrangement or understanding to which the Company is a party or by which it is bound which is not on entirely arm's length terms.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The financial position of the Company and its results as
appearing from the Accounts were not and have not since been affected by any Transaction, contract or arrangement not on entirely arm's
length terms.

12. *Capital commitments, unusual contracts, guarantees* 

 

The Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) does not have any capital commitment in excess of S$500,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is not a party to any contract entered into otherwise than
in the ordinary and usual course of business or any non-competition contract or any contract of an onerous or long-term nature;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) has not delegated any powers under a power of attorney which
remains in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) has not by reason of any default by it in any of its obligations
become bound or liable to be called upon to repay prematurely any loan capital or borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is not a party to any agreement which is or may become terminable
or which contain provisions which may operate adversely against the Company as a result of the entry into or completion of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) has not entered into nor is bound by any guarantee or indemnity
under which any liability or contingent liability is outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) is not and has not agreed to become a member of any joint
venture, consortium, partnership or other unincorporated association; is not and has not agreed to become, a party to any agreement or
arrangement for participating with others in any business sharing commissions or other income;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) is not a party to any agreement or arrangement which restricts
its freedom to carry on its business in any part of the world in any manner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has not and will not at any time prior to Completion sell
or otherwise dispose of any shares or capital or assets in circumstances such that it is, or may be, still subject to any liability (whether
contingent or otherwise) under any representation, warranty or indemnity given or agreed to be given on or in connection with such sale
or disposal.

13. *Book debts* 

Save as disclosed in the Accounts, none of the book debts which are included in the Accounts or which have subsequently arisen have been outstanding for more than six months as at the date of this Agreement and each such debt has realised or will realise in the normal course of collection its full value as included in the Accounts or in the books of the Company after taking into account any provision for such debt made in the relevant Accounts.

14. *Insurance* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the best of the Vendors' knowledge and belief, there
exist valid insurance policies taken out by the Company to insure it adequately against liabilities and losses and risks to which persons
operating the types of businesses operated by the Company is exposed or to comply with the applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In respect of such insurances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all premiums have been duly paid to date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all the policies are in force and are not voidable on account
of any act, omission or non-disclosure on the part of the insured party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) none of the insurance policies is subject to any special or
unusual terms or restrictions or to the payment of any premium in excess of the usual rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No claims have been made by the Company on its insurers, nor
have any circumstances arisen which may give rise to any claim, which (in either case) could have the effect of causing future premiums
to be higher than would otherwise be the case.

15. *Title to and condition of assets* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All assets (including all intangible assets) owned, held or
used by the Company which are included in the Accounts or have otherwise been represented as being the property of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are legally and beneficially owned by it free from any Encumbrance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are in its possession or under its exclusive control; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) are situated in Singapore.

All debts due to the Company which are included in the Accounts or have otherwise been represented as being due to the Company are legally and beneficially owned by it free from any Encumbrance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There is no Encumbrance on, over or affecting the whole or any
part of the undertaking, assets or debts of the Company and there is no agreement or commitment to give or create any Encumbrance and
no claim has been made by any person to be entitled to any Encumbrance and save for hire-purchases and other lease commitments arising
in the ordinary course of business, none of such undertaking, assets or debts are the subject of any factoring arrangement, hire-purchase,
conditional sale or credit sale agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company is able to prove title to all the assets owned by
it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company has not received any sum, property or benefit the
payment or transfer of which is liable to be avoided, or which is liable to be recovered from it, under any rule or law and the Company
does not hold any sum, property or right as trustee or constructive trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The assets owned by the Company comprise all the assets necessary
to enable the Company to carry on its business fully and effectively in the ordinary course as carried on up to the present time and
no such assets are used wholly or partly for any purpose other than its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All assets owned or used by the Company which are subject to
a requirement of licensing or registration of ownership possession or use are duly licensed or registered in its sole name.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Nothing has occurred or is likely to occur in relation to an
asset held by the Company, under a lease or similar agreement, whereby the rental payable has been, or is likely to be, increased, until
the date of expiry of the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All vehicles, if any, owned by the Company (including without
limitation, company vehicles used by any of its employees) are registered in its sole name and are duly licensed and insured for all
purposes for which they are used, all registration documents relating thereto are in its possession, and all necessary goods vehicle
operators' licences are held by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The assets registers of the Company comprise a complete and
accurate record of all machinery, equipment and vehicles owned, held or used by it and are capable of being reconciled in respect of
each item with the book values of such assets in its accounting records, save for items which have fully depreciated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) All machinery, equipment and vehicles, if any, owned or used
by the Company are in reasonably good and safe repair and condition having regard to their respective age, have been regularly and properly
maintained and is in working order, and none is in a dangerous or (in the case of vehicles) unroadworthy condition or in need of renewal
or replacement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Where relevant, maintenance contracts are in full force and
effect in respect of all assets of the Company which it is normal or prudent to have maintained by independent or specialist contractors
and which it is obliged to maintain or repair under any hire purchase, leasing, rental, insurance or other agreement.

16. *Compliance with leases and other agreements* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The terms of all material leases and agreements to which the
Company is a party have been duly complied with by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No such lease or agreement will become subject to avoidance,
revocation or be otherwise affected upon or in consequence of the making or implementation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) True and complete copies of all such leases and agreements have
been delivered by the Vendors to the Purchaser.

17. *Statutory and other requirements, consents and licences* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has carried on its business in accordance with applicable
laws and regulations in its relevant jurisdiction and there is no investigation or enquiry by, or order, decree or judgment of, any court
or any governmental agency or regulatory body outstanding or anticipated against the Company or which may have an adverse effect upon
any of its assets or business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All statutory and other requirements applicable to the carrying
on of the business of the Company as now carried on, and all conditions applicable to any licences and consents involved in the carrying
on of such business, have been complied with and the Vendors are not aware of any breach thereof or of any intended or contemplated refusal
or revocation of any such licence or consent.

18. *Books and records* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The statutory records, registers and books and the books of
account of the Company have been properly kept, are duly entered up and maintained in accordance with all legal requirements applicable
thereto and contain true, full and accurate records of all matters required to be dealt with therein and all such books and all records
and documents (including documents of title and copies of all subsisting agreements to which the Company is a party) are its property,
in its possession or under its control. All accounts, documents and returns required to be delivered or made to the Registrar of Companies
(or equivalent officer) in Singapore have been duly and correctly delivered or made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has not received any notice of any application or
intended application under any applicable legislation for the rectification of its statutory records, registers and/or books.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All charges in favour of the Company have (if appropriate) been
registered in accordance with the provisions of any applicable legislation.

19. *Options on share capital or assets* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No unissued shares or capital of the Company are under option
or agreed conditionally or unconditionally to be placed under option or created or issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There is no option, right to acquire, mortgage, charge, pledge,
lien or other form of security or Encumbrance on, over or affecting the shares or capital in, or any of the assets or businesses of,
the Company and there is no agreement or commitment to give or create any of the foregoing.

20. *Intellectual Property Rights* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All Intellectual Property Rights used or required by the Company
in connection with its business (including, without limitation, all and any products manufactured, assembled and/or sold or leased or
rented by it) are in full force and effect and are vested in and beneficially owned by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has copyright in all drawings and design rights
in all designs relating to its business (if any) and all such drawings and designs are in its possession and it has not supplied copies
of any such drawings or designs to any other person, save in the ordinary course of its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company does not require any patent, trade or service mark,
registered design, copyright, design right, licence or other right of any other person in order to manufacture or sell or lease its products
or to use the processes employed in its business as presently carried on and none of the activities of the Company infringes any patent
or other intellectual property of any kind whatsoever of any other person or gives rise to an obligation to pay any sum in the nature
of a royalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is the sole beneficial owner of its Intellectual
Property Rights (if any), and each of those Intellectual Property Rights is valid and enforceable, and none of them is being used, claimed,
opposed or attached by any other person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No right or licence has been granted to any person by the Company
to use in any manner or to do anything which would or might otherwise infringe any of the Intellectual Property Rights referred to above;
and no act has been done or omission permitted by the Company whereby such Intellectual Property Rights or any of them have ceased or
might cease to be valid and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The business of the Company as now carried on does not and is
not likely to infringe any Intellectual Property Right of any other person or give rise to a liability pursuant to the laws relating
to Intellectual Property Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company has not (otherwise than in the ordinary and normal
course of business) intentionally disclosed or permitted to be disclosed or undertaken or arranged to disclose to any person other than
the Purchaser any of its know-how, trade secrets, confidential information, price lists or lists of customers or suppliers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Nothing has been done or omitted by the Company which would
enable any licensee under a licence granted by it to be terminated or which in any way constitutes a breach of the terms of any licence.

21. *Subsidiaries and Associated Companies* 

 

The Company is not the legal or beneficial owner or holder of any share nor has any interest of any description in any other corporation and does not have any associated company (being a company which falls to be treated as such for the purposes of the Singapore Accounting Standards and/or the International Financial Reporting Standards).

22. *Property* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company does not own any freehold or leasehold property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The properties which are occupied or otherwise used by the Company
in connection with its business are occupied or used under lease, the terms of which permit the occupation or use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company has complied and is complying with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all permissions, orders and regulations applicable to the properties
which it occupies or uses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all applicable statutory and by-law requirements with respect
to the properties which it occupies or uses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) With respect to the properties rented or leased by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) true, complete and correct copies of all leases have been delivered
by the Vendors to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Company has paid the rent and observed and performed in
all material respects the covenants on the part of the tenant and the conditions contained in any leases under which the properties are
held, and all the leases are valid and in full force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all licences, consents and approvals required from the landlords
under any leases have been obtained and the covenants on the part of the tenant contained in the licences, consents and approvals have
been duly performed and observed in all material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) there are no rent reviews under the leases held by the Company
in progress; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) no obligation necessary to comply with any notice or other requirement
given by the landlord under any leases is outstanding and unobserved or unperformed.

23. *Corporate Matters* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has been duly incorporated and is validly existing
under the laws of its relevant jurisdiction and is not in receivership or liquidation. The Company has not taken any steps to enter into
liquidation and the Vendors are not aware of any petition being presented for the winding up of the Company and the Vendors are not aware
of any grounds on which a petition or application could be based for the winding up or appointment of a receiver of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Vendors are the legal and beneficial owners of the Sale
Shares free and clear of any Encumbrance and the Company has not exercised any lien over any of its issued shares and there is no outstanding
call on any of the Sale Shares and all of the Sales Shares are fully paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Sale Shares constitute 100% of all the issued shares in
the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company does not have any place of business or branch or
permanent establishment outside its relevant jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not reduced, repaid or purchased any of its
share capital, and there are no options or other agreements outstanding which call for the issue of or accord to any person the right
to call for the issue of any shares in the capital of the Company or the right to require the creation of any Encumbrance over any shares
in its share capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company has complied with its constitution (or the equivalent
constitutive documents) in all material respects and none of the activities, agreements, commitments or rights of the Company is *ultra vires* or unauthorised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All governmental approvals, licences and authorisations which
were necessary in connection with the incorporation of the Company, the allotment or transfer of shares in the Company to the present
and former holders thereof and the appointment of directors were duly obtained and such approvals, licences and authorisations (and of
all amendments and supplements thereto) have been disclosed to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Save as disclosed in the Accounts and save for those debts arising
in the ordinary course of business, the Company shall be free of any debt or liability of any nature whatsoever (whether actual, contingent
or otherwise) as at the Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company can pay and discharge, or cause to be paid and discharged,
all its debts and liabilities when they mature or become due or are expressed to be due.

24. *Fees, Commissions and Brokerage* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No person is entitled to recover from the Company any finders'
fees, brokerage or other commission in connection with the sale and purchase of the Sale Shares under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No claim or demand for payment of commission, legal or accountancy
fees or other payments has been or will be made against the Company by any person directly or indirectly in connection with the negotiations
leading to this Agreement.

25. *Computers and Computer Systems* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the best of the Vendor's knowledge and belief, all
software used that have been purchased by the Company on or stored or resident in the computers or computer systems owned by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are lawfully held and used and does not infringe the copyright
or other Intellectual Property Rights of any person and all copies held have been lawfully made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) as to the copyright therein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) in the case of standard package software purchased outright,
are licensed to it on an express or implied licence which does not require it to make any further payments (save for ordinary fees for
maintenance and software support), are not terminable without its consent and which imposes no restrictions (save as to copying) on the
use or transfer of the software; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) in the case of all other software, is licensed to it on the
terms of a written licence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No software owned by or licensed to the Company is used by or
licensed by it to any other person, save for any sub-licensing in the ordinary course of business.

26. *Banking and Finance* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company does not have any bank, building society or other
similar account (whether in credit or overdrawn) other than the current account(s) at the banks disclosed to the Purchaser and details
of those accounts, including the overdraft limit thereon and the relevant bank mandates, have been disclosed to the Purchaser, and there
have been no payments out of or drawings against the said accounts except for payment in the ordinary and proper course of business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Save as disclosed to the Purchaser, the Company does not have
any liabilities in the nature of borrowings or in respect of debentures or negotiable instruments other than cheques drawn in the ordinary
course of business on the bank account(s) referred to in paragraph 26(a) and save as disclosed to the Purchaser, the Company is not a
party to any loan agreement, facility letter or other agreement for the provision of credit or financing facilities to it or any agreement
for the sale, factoring or discounting of debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No circumstances have arisen which could now (or which could
with the giving of notice or lapse of time or both) entitle a provider of finance to the Company (other than on a normal overdraft facility)
to call in the whole or any part of the monies advanced or to enforce its security, and no provider of finance to it on overdraft facility
has demanded repayment or indicated that the existing facility will be withdrawn or reduced or not renewed or that any terms thereof
will be altered to its disadvantage. None of the Company's credit lines or facilities or any offers in respect thereof shall be
terminated, revoked or reviewed as a consequence of the change in shareholdings upon Completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All of the Company's borrowings if not already disclosed
in writing, are disclosed in the Disclosure Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not engaged in any borrowing or financing Transaction
or arrangement which does not appear as borrowings in the relevant Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Save as disclosed in the Disclosure Letter, neither the Company
nor any other person has given or undertaken to give any security or guarantee for any of its liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company has not given or undertaken to give any security
or guarantee for any liability of any person.

27. *Contracts* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) None of the contracts or purported contracts of the Company
is void, voidable or unenforceable by it. The Company is not in breach of any of its contractual obligations and no other party to any
contract to which the Company is a party is in breach of that contract or is unlikely to be able or willing to fulfil its contractual
obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No event or omission has occurred or been permitted to arise
which would entitle any third party to terminate prematurely any contract to which the Company is a party or call in any money or enforce
any obligation before the date on which payment or performance would normally be due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company has complete and accurate records of the terms of
all contracts to which it is a party or by which it is bound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The material contracts entered into by the Company have been
disclosed by the Vendors to the Purchaser in writing and made available for inspection to the Purchaser.

28. *Customers and Suppliers* 

 

So far as the Vendors are aware, there has been no express communication by any customer, supplier and/or employee of the Company which would indicate that the attitudes, actions or prices of such customer, supplier and/or employee (with regard to the Company) will be prejudicially affected by the execution or completion of this Agreement.

29. *Product Liabilities* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save for any condition or warranty implied by law or given in
the ordinary course of business, the Company has not given any guarantee, condition or warranty or made any representation in respect
of goods or services supplied or contracted to be supplied by it or accepted any obligation which could give rise to any liability after
any such goods or services have been supplied by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has not received notice of any claim which remains
outstanding alleging the failure to perform, either properly or at all, any services performed or to be performed by the Company nor
are there any circumstances which could give rise to any such claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save in the ordinary course of business, the Company has not
agreed to issue a credit note or to write off or reduce indebtedness in respect of any goods or services supplied by it.

30. *Insolvency* 

To the best of the Vendors' knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no order has been made or petition presented or resolution passed
for the winding-up or administration of the Company, nor are there any grounds on which any person would be entitled to have the Company
wound-up or placed in administration, nor has any person threatened to present such a petition or convened or threatened to convene a
meeting of the Company to consider a resolution to wind up the Company or any other resolutions, nor has any step been taken in relation
to the Company under the law relating to insolvency or the relief of debtors in any part of the world;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no distress, execution or other process has been levied on any
asset owned or used by the Company, nor has any person threatened any such distress, execution or other process;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no person has appointed or threatened to appoint or become entitled
to appoint a receiver or receiver and manager or other similar officer of the Company's business or assets or any part of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Company has not ceased trading or stopped payment to its
creditors and there are no grounds on which the Company could be found to be unable to pay its debts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no composition in satisfaction of the debts of the Company,
or scheme of arrangement of its affairs, or compromise or arrangement between it and its creditors and/or members or any class of its
creditors and/or members, has been proposed, sanctioned or approved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) no event has occurred causing or which upon intervention or

become enforceable, nor has any such crystallisation occurred nor is such enforcement in process; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in relation to any property or assets held by the Company under
any hire purchase, conditional sale, chattel leasing or retention of title agreement or otherwise belonging to a third party, no event
has occurred which entitles, or which upon intervention or notice by a third party may entitle, the third party to repossess the property
or assets concerned or terminate the agreement or any licence in respect of the same.

[The rest of this page has been intentionally left blank]

**IN WITNESS WHEREOF** the Parties have hereunto set their hands.

<u>The Vendors</u>

---

| |
|:---|
| **TAN TECK KEE (CHEN DEQI)** |
| ![](ex1-6_001.jpg) |

---

---

| |
|:---|
| **SEAH HOCK THIAM** |
| ![](ex1-6_002.jpg) |

---

---

| |
|:---|
| **HARRY WALTER MARTIN IV** |
| ![](ex1-6_003.jpg) |

---

<u>The Purchaser</u>

**YY GROUP HOLDING LIMITED**

---

| |
|:---|
| /s/ Mike Fu |
| Name: Mike Fu |
| Designation: Chief Executive Officer |

---

## Exhibit 1.7

**Exhibit 1.7**

**DATED 1 JULY 2025**

Between

**MOHAMED FAROUK BIN ABDUL LATIFF**

as Vendor

and

**YY GROUP HOLDING LIMITED**

as Purchaser

**SALE AND PURCHASE AGREEMENT**

relating to all the issued ordinary shares in the capital of

**PESTICIDE PEST CONTROL PTE LTD**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **CLAUSE** | **HEADING** | **PAGE** |
| **1.** | **DEFINITIONS AND INTERPRETATION** | **1** |
| **2.** | **SALE OF THE SALE SHARES** | **4** |
| **3.** | **CONDITIONS PRECEDENT** | **4** |
| **4.** | **CONSIDERATION FOR THE SALE SHARES** | **5** |
| **5.** | **COMPLETION** | **5** |
| **6.** | **WARRANTIES AND UNDERTAKINGS** | **6** |
| **7.** | **INDEMNITY** | **8** |
| **8.** | **CONFIDENTIALITY** | **8** |
| **9.** | **ANNOUNCEMENTS** | **9** |
| **10.** | **COSTS** | **9** |
| **11.** | **GENERAL** | **9** |
| **12.** | **ILLEGALITY** | **9** |
| **13.** | **NOTICES** | **10** |
| **14.** | **FURTHER ASSURANCE** | **10** |
| **15.** | **ENTIRE AGREEMENT** | **10** |
| **16.** | **ASSIGNMENT** | **10** |
| **17.** | **VARIATIONS** | **11** |
| **18.** | **REMEDIES AND WAIVERS** | **11** |
| **19.** | **TIME OF ESSENCE** | **11** |
| **20.** | **COUNTERPARTS** | **11** |
| **21.** | **CONTRACTS (RIGHTS OF THIRD PARTIES) ACT** | **11** |
| **22.** | **GOVERNING LAW** | **11** |
|  | **SCHEDULE 1** |  |
|  | **REPRESENTATIONS AND WARRANTIES** | **12** |

---

i

**<u>SALE AND PURCHASE AGREEMENT</u>**

**THIS AGREEMENT** is made on 1 July 2025

**AMONGST**

(1) **MOHAMED FAROUK BIN ABDUL LATIFF** (NRIC No. S1054217J) of 156 Bedok South Avenue 3 #04-597, Singapore
460156 (the "**Vendor** "); and

(2) **YY GROUP HOLDING LIMITED** (Company Registration No. 2118556), a company incorporated in the British Virgin Islands and having its registered office at Vistra
Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands and principal executive office at 60 Paya
Lebar Road #09-13 Paya Lebar Square, Singapore 409051 (the "**Purchaser** "),

**(collectively, the "**Parties**" and each, a "**Party**").**

**WHEREAS**

(A) Pesticide Pest Control Pte Ltd (the "**Company** ")
(Company Registration No. 199405733M) was incorporated in Singapore on 13 August 1994 and has, at the date of this Agreement, an issued
and paid-up share capital of S$50,000 comprising 50,000 ordinary shares.

(B) The Company is principally engaged in the business of providing
pest control services and freight transport by road.

(C) The Vendor holds and owns all the issued and paid-up ordinary
shares in the share capital of the Company ()"**Shares** ").

(D) The Vendor has agreed to sell to the Purchaser, and the Purchaser
has agreed to purchase from the Vendor, the Sale Shares (as defined below) on the terms and subject to the conditions contained in this
Agreement.

**NOW IT IS HEREBY AGREED** as follows

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement and in the Schedules unless the context requires
otherwise:

"**Accounts**" means the unaudited financial statements of the Company for the financial period ended the Balance Sheet Date as prepared by the Vendor on a consistent basis in accordance with accounting principles, standards and practices generally accepted as at the date hereof in Singapore;

"**ACRA**" means the Accounting and Corporate Regulatory Authority of Singapore;

"**Balance Sheet Date**" means 31 March 2025;

"**borrowed money**" includes any indebtedness for or in respect of money borrowed or raised (whether or not for a cash consideration), by whatever means (including acceptances, deposits and leasing), or for the deferred purchase price of assets or services;

"**Business Day**" means a day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks are open for business in Singapore;

"**Claim**" includes any notice, demand, assessment, letter or other document issued or action taken by the Inland Revenue Authority of Singapore or other statutory or governmental authority, body or official whatsoever (whether of Singapore or elsewhere in the world) whereby the Company is or may be placed or sought to be placed under a liability to make payment on any Taxes or deprived of any relief, allowance, credit or repayment otherwise available;

"**Company**" has the meaning ascribed to it in Recital (A);

"**Companies Act**" means the Companies Act 1967 of Singapore;

"**Completion**" means completion of the sale and purchase of the Sale Shares pursuant to Clause 5;

"**Completion Date**" means the date falling seven days after the date on which all conditions under Clause 3.1 have been fulfilled or waived, or such other date as the Parties may mutually agree in writing;

"**Completion Payment**" shall have the meaning ascribed to it in Clause 4.1.1;

"**Confidential Information**" means any information which is proprietary and confidential to the Company or any Party including but not limited to information concerning or relating in any way whatsoever to its distributorship, franchise or other arrangements, principals, any of the trade secrets or confidential operations, processes or inventions carried on or used by the Company or any Party, any information concerning the organisation, business, finances, transactions or affairs of the Company or any Party, its dealings, secret or confidential information which relates to its business or any of its principals', clients' or customers' transactions or affairs, its technology, designs, documentation, manuals, budgets, financial statements or information, accounts, dealers' lists, customer lists, marketing studies, drawings, notes, memoranda and the information contained therein, any information therein in respect of trade secrets, technology and technical or other information relating to the development, manufacture, clinical testing, analysis, marketing, sale or supply or proposed development, manufacture, clinical testing, analysis, marketing, sale or supply of any products or services by the Company or any Party, and plans for the development or marketing of such products or services and information and material which is either marked confidential or is by its nature intended to be exclusively for the knowledge of the recipient alone;

"**Consideration**" shall have the meaning ascribed to it in Clause 4.1;

"**debt**" means all or any indebtedness of the Company, including without limitation (a) all obligations of the Company for borrowed moneys or evidenced by bonds, debentures, notes, letters of credit or other instruments and securities, (b) all obligations of the Company as lessee under capital leases, (c) all obligations of the Company to pay the deferred purchase price of property or services, except accounts payable, accrued expenses or course trade payables arising in the course of business, and (d) all debt of other parties guaranteed by the Company, or secured by a lien on any of the assets of the Company;

"**Disclosure Letter**" means the document dated on the Completion Date setting out matters which constitute exceptions to the Warranties (if any);

"**Encumbrance**" means any mortgage, assignment of receivables, debenture, lien, charge, pledge, title retention, right to acquire, security interest, option, pre-emptive or other similar right, right of first refusal and any other encumbrance or condition whatsoever;

"**Fundamental Warranties**" means the Warranties set out in Clause 6.1;

"**Indemnified Losses**" shall have the meaning ascribed to it in Clause 7.1;

"**Indemnity Period**" means the period of three years from the Completion Date;

"**Intellectual Property Rights**" means any trademark, pending trademark application, patent, pending patent application, know-how, registered and unregistered design, copyright, trade secret, licence relating to any of the above or other similar industrial or commercial right;

"**Long Stop Date**" means 30 September 2025;

"**month**" means calendar month;

"**Sale Shares**" means 50,000 Shares, constituting 100% of the total issued and paid-up share capital of the Company;

"**Shares**" shall have the meaning ascribed to it in Recital (C);

"**S$**" or "**Singapore Dollars**" means the lawful currency of Singapore;

"**Taxation**" or "**Taxes**" means all forms of taxation whether of Singapore or elsewhere in the world, past, present, future and deferred (including, without limitation, capital gains tax, income tax, real and personal property tax, withholding tax, estate duty, profits tax, stamp duty, value added tax, purchase tax, goods and services tax, customs and other import or export duties) or charges of any kind whatsoever, together with any interest and levies and all penalties, charges, costs and additions to tax, payable by or due from the Company, or any additional amounts imposed by any government, governmental agency, statutory body or any revenue authority, upon the the Company;

"**Transaction**" includes any transaction, act, event or omission of whatever nature; and

"**Warranties**" means the representations, warranties and undertakings made by the Vendor contained or referred to in this Agreement and "**Warranty**" means any of them.

1.2 In this Agreement, a reference to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1 a statutory provision shall include that provision and any regulations
made in pursuance thereof as from time to time modified or re-enacted, whether before or after the date of this Agreement, so far as
such modification or re-enactment applies or is capable of applying to any Transactions entered into prior to Completion and (so far
as liability thereunder may exist or can arise) shall include also any past statutory provision or regulation (as from time to time modified
or re-enacted) which such provision or regulation has directly or indirectly replaced;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.2 "**this Agreement**" includes all amendments,
additions, and variations thereto agreed between the Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.3 "**person**" shall include an individual, corporation,
company, partnership, firm, trustee, trust, executor, administrator or other legal personal representative, unincorporated association,
joint venture, syndicate or other business enterprise, any governmental, administrative or regulatory authority or agency (notwithstanding
that "**person**" may be sometimes used herein in conjunction with some of such words), and their respective successors,
legal personal representatives and assigns, as the case may be, and pronouns shall have a similarly extended meaning;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.4 "**month**" is a reference to a period starting
on one day in a calendar month and ending on the numerically corresponding day in the next succeeding calendar month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.5 "**written**" and "**in writing** "
include any means of visible reproduction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.6 "**Recitals** ", "**Clauses** ", and
" **Schedules**" are to the recitals, clauses of, and the schedules to, this Agreement (unless the context otherwise requires);
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.7 "**paragraph**" is a reference to a paragraph
of the Clause in which such reference appears.

1.3 Unless the context otherwise requires, words importing the singular
shall include the plural and *vice versa* and words importing a specific gender shall include the other genders (male, female or
neuter).

1.4 The Schedules form part of this Agreement and have the same
force and effect as if expressly set out in the body of this Agreement.

1.5 The headings in this Agreement are inserted for convenience
only and shall not affect the construction of this Agreement.

1.6 Any thing or obligation to be done under this Agreement which
requires or falls to be done on a stipulated day shall be done on the next succeeding Business Day, if the day upon which that thing
or obligation is required or falls to be done falls on a day which is not a Business Day.

2. SALE OF THE SALE SHARES

2.1 Subject to the terms and conditions of this Agreement, the Vendor
shall sell as legal and beneficial owner of the Sale Shares, and the Purchaser relying on the Warranties contained in this Agreement
shall purchase the Sale Shares, free from all Encumbrances and together with all rights, dividends, entitlements and advantages as of
and including the Completion Date.

2.2 The Purchaser shall not be obliged to complete the purchase
of any of the Sale Shares unless the purchase of all the Sale Shares is completed simultaneously.

3. CONDITIONS PRECEDENT

3.1 Completion of the sale and purchase of the Sale Shares is conditional
upon the following condition(s) having been fulfilled (or waived in writing):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1 the delivery by the Vendor to the Purchaser, on the Completion Date, of the Disclosure Letter, if any,
on such terms that are reasonably satisfactory to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2 there being no breach of any of the Warranties and the Warranties remaining true and not misleading in
any material respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3 each of the Parties having performed all of the covenants and agreements required to be performed or caused
to be performed by it under this Agreement on or before the Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.4 the Vendor having delivered a copy of the Accounts to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.5 there being no default by the Company in any of its obligations by which the Company may become bound
or liable to be called upon to repay prematurely any borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.6 there being no material adverse change in the business, operations, assets, financial condition or prospects
of the Company since the date of signing of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.7 all necessary governmental, regulatory and third party (if any) consents, approvals, clearances, releases
and waivers in respect of the Transactions contemplated in this Agreement and all other Transactions in connection therewith and incidental
thereto, having been obtained, for the entry into this Agreement and for the Transactions contemplated herein, and such consents, approvals,
clearances, releases and waivers remaining in full force and effect and not having been amended or revoked, and to the extent that such
consents, approvals and waivers are subject to any conditions, such conditions being reasonably acceptable to the Parties and to the extent
such conditions are required to be fulfilled, such conditions are so fulfilled.

3.2 If, at any time prior to Completion, the Vendor or the Purchaser
becomes aware of a fact or circumstance which might prevent any of the conditions set out in Clause 3.1 from being satisfied, it shall
immediately inform the other Party.

3.3 Unless specifically waived by the Purchaser, if any of the conditions
stated in Clause 3.1 (in the case of Clause 3.1.3, to the extent applicable to the Vendor) shall not be fulfilled on or before the Long
Stop Date or such other date as the Parties shall mutually agree in writing, the Purchaser shall have the right, by notice in writing
to the Vendor, to terminate this Agreement, whereupon this Agreement shall *ipso facto* cease and determine and no Party shall
have any claim against the other for costs, damages, compensation or otherwise, save for any claim arising from any antecedent breach
of the terms hereof.

3.4 Unless specifically waived by the Vendor, if the condition
stated in Clause 3.1.3 (to the extent applicable to the Purchaser) shall not be fulfilled on or before the Long Stop Date or such other
date as the Parties shall mutually agree in writing, the Vendor shall have the right, by notice in writing to the Purchaser, to terminate
this Agreement, whereupon this Agreement shall *ipso facto* cease and determine and no Party shall have any claim against the other
for costs, damages, compensation or otherwise, save for any claim arising from any antecedent breach of the terms hereof.

4. CONSIDERATION FOR THE SALE SHARES

4.1 The consideration for the Sale Shares (the "**Consideration** ")
shall be S$150,000, paid or payable as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1 S$30,000, in cash paid prior to the signing of this Agreement,
the receipt of which the Vendor hereby acknowedges; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2 S$120,000, in cash on Completion (the "**Completion Payment** ");

5. COMPLETION

5.1 Subject to Clause 3, Completion shall take place on the Completion
Date at the office of the Company (or at such other place as the Parties may agree) where all of the events described below shall occur.

5.2 On Completion, the Vendor shall deliver to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1 the share certificate(s) in respect of the Sale Shares, together
with valid share transfer form in respect of the Sale Shares, duly executed by the Vendor in favour of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2 a certified true copy of the resolutions passed by the board
of directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) approving the transfer of the Sale Shares to the Purchaser,
subject only to the instruments of transfer being duly stamped;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorising the issue of a new share certificate in respect
of the Sale Shares in favour of the Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) approving the lodgement of a notice of transfer of the Sale
Shares with ACRA and the making of such entries into the corporate records of the Company as may be necessary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.3 such waivers or consents as may be necessary, including but
not limited to waivers of pre-emption rights in respect of the Sale Shares, to enable the Purchaser to be registered as holder of any
and all of the Sale Shares.

5.3 On Completion and against compliance with the provisions of
Clause 5.2, the Purchaser shall deliver the Completion Payment to the Vendor by way of bank transfer to such bank account in Singapore
as specified by the Vendor, or in such other manner as may be agreed between the Vendor and the Purchaser in writing.

5.4 Without prejudice to any other remedies available, if in any
respect the provisions of this Clause 5 are not complied with by any Party on the Completion Date, the Party not in default may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.1 defer Completion to a date not more than 28 days after the Completion
Date (and so that the provisions of this Clause shall apply to Completion as so deferred);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.2 effect Completion so far as practicable having regard to the
defaults which have occurred (without prejudice to their rights hereunder); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.3 rescind this Agreement.

6. WARRANTIES AND UNDERTAKINGS

6.1 The Vendor hereby represents, warrants and undertakes to and
with the Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1 the Vendor is currently, and shall on Completion be, the legal
and beneficial owner of the Sale Shares, and that the Sale Shares represent, and shall on Completion represent, 100% of the issued and
paid-up share capital of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2 the Vendor is entitled to sell and transfer or procure the sale and transfer of the Sale Shares to the
Purchaser, free from all and any Encumbrances together with all rights and benefits attaching thereto as at the Completion Date and no
other person has or shall have any rights of pre-emption over such Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3 on Completion, the Sale Shares are and shall have been authorised, allotted, validly issued and fully
paid-up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4 he has full power and authority to execute and deliver this Agreement and the agreements contemplated
herein, and to consummate the Transactions contemplated hereby and that the Agreement and all such other agreements and obligations entered
into and undertaken in connection with the Transactions contemplated hereby constitute their valid and legally binding obligations, enforceable
against them in accordance with their respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5 his entry into and the performance of his obligations under this Agreement shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) infringe, or constitute a default under, any instrument, contract, document or agreement to which he or
the Company is a party or by which he, the Company or their respective assets are bound; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) result in a breach of any law, rule, regulation, ordinance, order, judgment, decree, approval or licence
of or undertaking to any court, government body, statutory authority or regulatory, administrative or supervisory body to which he or
the Company is a party or by which he, the Company or their respective assets are bound, whether in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6 the information as set out in Recitals (A) to (C) is true and accurate in all respects and there is no
information the omission of which in the Recitals might make such information misleading or inaccurate in any respect.

Each of the representations, warranties and undertakings above shall be separate and independent and shall not, save as disclosed in the Disclosure Letter, be limited by anything in this Agreement. The Vendor acknowledges that the Purchaser has entered into this Agreement in full reliance upon and on the basis of each of the Warranties contained herein.

6.2 Save as disclosed in the Disclosure Letter, the Vendor hereby
represents, warrants and undertakes to and with the Purchaser in relation to the Company in the terms set out in Schedule 1, and in relation
to any Warranty which refers to the knowledge, information or belief of the Vendor, that it refers to the actual knowledge of the Vendor
after making due and proper enquiry into the subject matter of that Warranty. The Purchaser shall not make any claim against the Vendor
for any breach of a Warranty where the subject matter of the breach is disclosed in the Disclosure Letter.

6.3 The Vendor further undertakes to the Purchaser that, prior to
Completion, but subject to the actual knowledge of the Vendor, should any material liability or undertaking have arisen with respect
to the Company or the Vendor, the Vendor shall have the responsibility to inform the Purchaser of such liability or undertaking.

6.4 If after the signing of this Agreement and before Completion,
any event shall occur or matter arise which results or may result in any of the Warranties being unfulfilled, untrue, misleading or incorrect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.1 the Vendor shall immediately notify the Purchaser in writing
fully thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.2 the Vendor shall make any such investigation concerning the
event or matter which the Purchaser may reasonably require.

6.5 The warranties, representations and undertakings given herein
will be fulfilled down to and will be true and correct as at the Completion Date as if they had been entered into afresh at the Completion
Date. The Vendor shall not do, allow or procure any act or omission before Completion which would constitute a breach of any of the Warranties
if they were given at Completion or which would make any of the Warranties inaccurate or misleading if they were so given.

6.6 For the purpose of assuring to the Purchaser the full benefit
of the businesses and goodwill of the Company, the Vendor undertakes by way of further consideration for the obligations of the Purchaser
under this Agreement as separate and independent agreements that he will not, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.1 for 3 years after the Completion Date, disclose to any person,
or himself use for any purpose, and shall use his best endeavours to prevent the publication or disclosure of, any information concerning
the business, accounts or finances of the Company or any of its customers' transactions or affairs of which he has knowledge, save
as may be required to be disclosed pursuant to any applicable laws or to any requirement of any competent governmental or statutory authority
or rules or regulations of any relevant regulatory, administrative or supervisory body (including, without limitation, any relevant stock
exchange or securities council);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.2 for 3 years after the Completion Date, whether solely or jointly
with or through or on behalf of or by any person whatsoever, directly or indirectly, solicit, interfere with or endeavour to entice away
from the Company any person who to his knowledge is, or has during the 6 months before Completion been, a customer or employee of the
Company for employment in Singapore in any business similar to or in competition with the business carried on by the Company as at the
Completion Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.3 for 3 years after the Completion Date, whether solely or jointly
with or through or on behalf of or by any person whatsoever, directly or indirectly, carry on or be engaged, concerned or interested
in any business in Singapore similar to or in competition with the business carried on by the Company as at the Completion Date.

6.7 The Purchaser hereby represents, warrants and undertakes to
and with the Vendor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7.1 it has full power and authority to execute and deliver this
Agreement and the agreements contemplated herein, and to consummate the Transactions contemplated hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7.2 this Agreement and all such other agreements and obligations
entered into and undertaken in connection with the Transactions contemplated hereby constitute its valid and legally binding obligations,
enforceable against it in accordance with its respective terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7.3 the execution and delivery of, and the performance by the Purchaser
of its obligations under this Agreement will not and are not likely to result in a breach of any provision of the constitution of the
Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7.4 it enters and executes this Agreement as principal and not as
an agent of a third party.

6.8 The Purchaser undertakes to procure the Company to repay the
amount owed by it to the Vendor as at the Completion Date within one month after the Completion Date.

6.9 Save for this Clause 6 and Schedule 1, no Party makes any other
representations or warranties, express or implied, to the other Party.

6.10 Each and every obligation under this Clause 6 is a separate
and independent primary obligation and shall survive and shall not be extinguished in any way by Completion. Each and every obligation
shall be severally enforceable.

7. INDEMNITY

7.1 The Vendor irrevocably undertakes to keep the Purchaser, for
itself and as agent and trustee for the Company, fully and effectively indemnified, during the Indemnity Period, against any losses,
costs, damages, claims, penalties, demands, actions, proceedings, liabilities and expenses (including but not limited to all legal costs
on a full indemnity basis) ()"**Indemnified Losses** ")
that the Purchaser or the Company may incur or suffer, in connection with or arising from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.1 any breach or inaccuracies of any of the Warranties and/or any
default by the Vendor of his obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.2 any non-compliance with the Companies Act in relation to the
obligations of the Company and/or its officers prior to Completion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.3 any depletion in or reduction in value of the assets or increase in any liabilities in relation to the
Company due to failure by the Company to make provision in the Accounts for Taxes payable by the Company (i) in respect of any Transaction
effected or deemed to have been effected on or before Completion, or (ii) by reference to any income, profits or gains earned, accrued
or received on or before Completion,

provided that there shall be no time limitation for any claim for indemnification under this Clause in relation to the Fundamental Warranties or where the Vendor has committed fraud or wilful misrepresentation.

7.2 Any liability to the Purchaser or the Company hereunder may
in whole or in part be released, compounded or compromised, or time or indulgence may be given, by the Purchaser or the Company in its
absolute discretion without in any way prejudicing or affecting its rights against the Vendor for any other breaches. Any release or
waiver or compromise shall be in writing and shall not be deemed to be a release, waiver or compromise of similar conditions in the future.

8. CONFIDENTIALITY

8.1 Each of the Parties agrees to keep strictly secret and confidential,
and under no circumstances disclose to any person or entity which is not a Party hereto, any Confidential Information arising from or
in connection with this Agreement unless disclosure of such information is expressly permitted by the prior written consent of the other
Parties.

8.2 The confidentiality obligation under Clause 8.1 shall not apply
to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1 any information obtained from any Party hereto which becomes
generally known to the public, other than by reason of any wilful or negligent act or omission of such Party or any of its agents, advisers,
directors, officers, employees or representatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.2 any information which is required to be disclosed pursuant to
any applicable laws or any requirement of any competent governmental or statutory authority or pursuant to rules or regulations of any
relevant regulatory, administrative or supervisory body (including without limitation, any relevant stock exchange or securities council);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.3 any information which is required to be disclosed pursuant to
any legal process issued by any court or tribunal whether in Singapore or elsewhere; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.4 any information disclosed by either Party to their respective
bankers, financial advisers, consultants and legal or other advisers for the purpose of this Agreement.

9. ANNOUNCEMENTS

9.1 Neither Party shall make or authorise the making of any announcement
concerning the existence or subject matter of this Agreement unless the other Party shall have given its written consent to such announcement
(such consent not to be unreasonably withheld or delayed).

9.2 Clause 9.1 shall not apply to any information which is required
to be disclosed pursuant to any applicable laws or any requirement of any competent governmental or statutory authority or rules or regulations
of any relevant regulatory, administrative or supervisory body (including without limitation, any relevant stock exchange in Singapore
or elsewhere or securities council).

10. COSTS

10.1 The Purchaser shall bear all stamp duty and other documentary
taxes (if any) payable in connection with the transfer of the Sale Shares from the Vendor to the Purchaser.

10.2 Save as set out in Clause 10.1, each Party shall bear its own
legal and other costs and expenses of and incidental to the negotiation, preparation, execution and performance by it of this Agreement
and all ancillary documents and the sale and purchase hereby agreed to be made.

11. GENERAL

11.1 The provisions of this Agreement including the representations,
warranties, covenants and undertakings herein contained (insofar as the same shall not have been fully performed at Completion) shall
remain in full force and effect notwithstanding Completion and shall not in any respect be extinguished or affected by Completion, or
by any other event or matter whatsoever, except by a specific and duly authorised written waiver or release by the Purchaser or the Vendor,
as the case may be. Completion shall not prejudice any rights of any Party which may have accrued hereunder prior to Completion.

11.2 Save as expressly provided herein, any right of termination
conferred upon the Purchaser or the Vendor shall be in addition to and without prejudice to all other rights and remedies available
to it and no exercise or failure to exercise such a right of termination shall constitute a waiver of any such other right or remedy,
provided that any such right of termination shall be exercised prior to Completion.

12. ILLEGALITY

The illegality, invalidity or unenforceability of any provision of this Agreement under the law of any jurisdiction shall not affect its legality, validity or enforceability under the law of any other jurisdiction nor the legality, validity or enforceability of any other provision.

13. NOTICES

Any notice required to be given by a Party to the other Party shall be in writing (including by any written forms of electronic communication) and in the English language. It shall be deemed validly served by hand delivery or by electronic communication or by prepaid post or by a recognised courier service sent to the address or email address of the Parties given herein or such other address or email address as may from time to time be notified for this purpose. The initial addresses and email addresses of the Parties are:

**The Vendor**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 156 Bedok South Avenue 3 #04-597, Singapore 460156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | pestcont@singnet.com.sg |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Purchaser** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address | 60 Paya Lebar Road, #09-13 to 17 Paya Lebar Square, Singapore 409051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attention | Mr Mike Fu / Mr Jason Phua |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email | mike@yygroupholding.com / jason.phua@yygroupholding.com |

---

Unless there is evidence that a notice or communication was received earlier, any such notice or communication shall be deemed to have been served:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if delivered by hand, at the time of delivery;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if posted by prepaid ordinary mail, at the expiration of three
Business Days after the envelope containing the same shall have been put into the post;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if sent by written forms of electronic communication, on the
day of despatch; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if sent by courier, at the expiration of two Business Days after
the package containing the same shall have been received by the relevant courier company.

In proving such service it shall be sufficient to prove that delivery by hand was made or that the envelope containing such notice or document was properly addressed and posted as a prepaid ordinary mail letter or that the electronic communication was properly addressed and despatched or, as the case may be, the package containing such notice or document was properly addressed and sent to the relevant courier company.

14. FURTHER ASSURANCE

Each Party shall do and execute or procure to be done and executed all such further acts, deeds, things and documents as may be necessary to give effect to the terms of this Agreement.

15. ENTIRE AGREEMENT

This Agreement, and the documents referred to in it, constitutes the entire agreement and understanding between the Parties relating to the subject matter of this Agreement and supersede all prior and contemporaneous agreements, correspondence or understanding, express or implied, oral or written. The Parties agree that no Party has entered into this Agreement in reliance upon any representation, warranty or undertaking of the other Part(ies) which is not set out or referred to in this Agreement. Nothing in this Clause 15 shall however operate to limit or exclude liability for fraud.

16. ASSIGNMENT

This Agreement shall be binding upon and enure for the benefit of the successors-in-title and permitted assigns of the Parties. No Party shall (nor shall it purport to) assign, transfer, charge or otherwise deal with all or any of its rights under this Agreement nor grant, declare or dispose of any right or interest in it without the prior written consent of the other Part(ies).

17. VARIATIONS

17.1 No variation of this Agreement (or of any of the documents referred
to in this Agreement) shall be valid unless it is in writing and signed by or on behalf of each Party. The expression "**variation** "
shall include any amendment, supplement, deletion or replacement however effected.

17.2 Unless expressly agreed, no variation shall constitute a general
waiver of any provisions of this Agreement, nor shall it affect any rights, obligations or liabilities under or pursuant to this Agreement
which have already accrued up to the date of variation, and the rights and obligations of the Parties under or pursuant to this Agreement
shall remain in full force and effect, except and only to the extent that they are so varied.

18. REMEDIES AND WAIVERS

No failure on the part of any Party to exercise, and no delay on its part in exercising, any right or remedy under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.

19. TIME OF ESSENCE

Any date, time or period mentioned in any provision of this Agreement may be extended by mutual agreement between the Parties but as regards any time, date or period originally fixed and not extended or any time, date or period so extended as aforesaid, time shall be of the essence.

20. COUNTERPARTS

This Agreement may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any Party may enter into this Agreement by signing any such counterpart and each counterpart may be signed and executed by each Party and transmitted by electronic transmission and shall be as valid and effectual as if executed as an original.

21. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT

Save for the Company, a person who is not party to this Agreement has no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement, but this does not affect any right or remedy of a third party which exists or is available apart from the said Act.

22. GOVERNING LAW

22.1 This Agreement shall be governed by, and construed in accordance
with, the laws of Singapore.

22.2 The Parties agree to submit to the non-exclusive jurisdiction
of the courts of Singapore.

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**SCHEDULE 1**

**REPRESENTATIONS AND WARRANTIES**

1. *Information* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Recitals are true and all information contained in any document or communication in writing which
has been given by the Vendor or his advisers, agents, employees, officers or representatives to the Purchaser or its advisers, agents,
employees, officers or representatives in the course of the negotiations leading to this Agreement was when given true and accurate in
all material respects and is not misleading whether because of any omission or ambiguity or for any other reason and the copies of all
contracts and other documents supplied to the Purchaser or any of its advisers, agents, employees, officers or representatives by or on
behalf of the Vendor or the Company or any of their respective advisers, agents, employees, officers or representatives are true and complete
in all material respects and the contents of such copy contracts comprise the entire agreement between the parties to them. After making
due and careful enquiries, the Vendor has no knowledge of any fact or matter not disclosed in writing to the Purchaser which renders any
such information untrue, inaccurate or misleading in any material respect or the disclosure of which might affect the willingness of the
Purchaser to purchase the Sale Shares from the Vendor on the terms of this Agreement or the price at or terms upon which the Purchaser
would be willing to purchase them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The information contained in the Disclosure Letter and the documents
annexed to or referred to in it is true and accurate in all material respects and is not misleading in any material respect, whether
because of any omission or ambiguity or for any other reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Purchaser will promptly be notified in writing by the Vendor
of any matter of thing of which he becomes aware which is a breach of or inconsistent with any of the Warranties.

2. *Copies of Accounts, Constitution, etc* 

 

The copies of the Accounts and the constitution (or the equivalent constitutive documents) of the Company furnished to the Purchaser are true and complete copies and in the case of the constitutive documents of the Company, contain full details of the rights and restrictions attached to the share capital of the Company. Copies of all the resolutions and agreements (including without limitation, shareholders' agreements, voting agreements etc.) required by law to be annexed to or incorporated in the constitutive documents of the Company are annexed or incorporated and there have been no amendments to such constitutive documents which have not been lodged or otherwise registered with ACRA or other equivalent authority.

3. *Accounts* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Accounts have been prepared in accordance with all applicable
laws and on a consistent basis in accordance with accounting principles, standards and practices generally accepted at the date hereof
in Singapore so as to give a true and fair view of the state of affairs of the Company at the Balance Sheet Date and of the profits or
losses for the period concerned and as at that date make:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) full provision for all actual liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) proper and adequate provision for all contingent liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) provision reasonably regarded as adequate for all bad and doubtful
debts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) due provision for depreciation and amortisation and for any
obsolescence of assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The stock and work-in-progress are included in the Accounts
at figures not exceeding the amounts which could in the circumstances existing at the Balance Sheet Date reasonably be expected to be
realised in the normal course of carrying on the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Full provision or reserve has been made in the Accounts for
all Taxation liable to be assessed on the Company or for which it is or may become accountable in respect of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) profits, gains or income (as computed for Taxation purposes)
arising or accruing or deemed to arise or accrue on or before the Balance Sheet Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Transactions effected or deemed to be effected on or before
the Balance Sheet Date or provided for in the Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) distributions made or deemed to be made on or before the Balance
Sheet Date or provided for in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Proper provision or reserve for deferred Taxation has been made
in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The profits and losses of the Company for the financial period
ended on the Balance Sheet Date as shown by the Accounts, the accounts of the Company for previous periods delivered to the Purchaser
and the trend of profits thereby shown have not (except as therein disclosed) been affected by inconsistencies of accounting practices,
by Transactions entered into otherwise than on normal commercial terms or by any other factors rendering such profits for all or any
of such periods exceptionally high or low (other than as disclosed in the relevant accounts).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company does not have any outstanding loan capital, nor
has it factored any of its debts, or engaged in financing of a type which would not be required to be shown or reflected in the Accounts
or borrowed any money which it has not repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) There are no liabilities (including contingent liabilities)
which are outstanding on the part of the Company, other than those liabilities disclosed in the Accounts or which have arisen in the
ordinary course of business since the Balance Sheet Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) No Transaction of any importance to which the Company has been
party has taken place which, if it had taken place on or before the Balance Sheet Date, would have been required to be disclosed or reflected
in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No value was attributed in the Accounts to any asset which was
not beneficially owned by the Company at the Balance Sheet Date.

4. *Changes since the Balance Sheet Date* 

 

From the Balance Sheet Date and up to the Completion Date as regards the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its business has been lawfully carried on in the ordinary course
and so as to maintain the same as a going concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it has not disposed of any assets or assumed or incurred any
liabilities (including contingent liabilities) otherwise than in the ordinary course of carrying on its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no dividend or other distribution has been declared, made or
paid to its members except as provided for in the Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) neither its turnover nor its trading position has deteriorated
materially;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no material change has been made in the emoluments or other
terms of employment of its directors or any of its employees with an annual remuneration above S$100,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) it has not borrowed any money or issued any guarantee or created
any charge or Encumbrance over any asset other than as disclosed in the Accounts or otherwise than in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no share or loan capital has been allotted or issued or agreed
to be issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) there has been no unusual increase or decrease in the level
of its stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it has not entered into any unusual, long term or onerous commitments
or contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) after making due and careful enquiries, it has not learnt of
any circumstance making bad or doubtful any of its book debts, save as disclosed in the Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) it has not knowingly waived or released any proprietary rights
howsoever arising;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) it has not acquired or disposed of or granted any right or option
or created any other Encumbrance, save for those created pursuant to this Agreement or in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) no resolutions have been passed and nothing has been done in
the conduct or management of its affairs which would be likely to reduce its net asset value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) no change has been made to the accounting practices adopted
in relation to the Company and the accounting practices adopted for the Company are consistent with those adopted in the Accounts.

5. *Litigation* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Since the Balance Sheet Date, no claim has been made against
the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company is not at present engaged whether as plaintiff or
defendant or otherwise in any legal action, proceeding or arbitration (other than as plaintiff in the collection of debts arising in
the ordinary course of its business) or being prosecuted for any criminal offence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are no circumstances known to the Vendor which are likely
to lead to any such claim or legal action, proceeding or arbitration (other than as aforesaid) or prosecution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There is not in force any court injunction, order or directive
restraining or restricting the Company from carrying on its business or any part thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of the Vendor's knowledge or belief, the Company
is not subject to any outstanding judgment, order or decree of any court, tribunal or regulatory or government body or any undertaking
to any court, judicial authority or regulatory or government body or any outstanding arbitration award; there are no civil, criminal,
administrative or disciplinary or arbitration proceedings in progress, pending or threatened against the Company and there are no facts
likely to give rise to any such proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the best of the Vendor's knowledge or belief, neither
the Company nor any person for whose acts or defaults it may be liable has committed any criminal, illegal or other unlawful act or any
breach of contract or statutory duty or any tortious or other act or default which could lead to a claim or proceedings against the Company
or give rise to or increase the liability or obligation of the Company or which could entitle any other person to terminate any contract
to which the Company is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) To the best of the Vendor's knowledge or belief, there
are no investigations, inquiries or disciplinary proceedings by or before any regulatory, administrative, supervisory or government body
concerning the Company, whether on-going, pending or threatened and there are no facts likely to give rise to any such
investigation, inquiry or proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) To the best of the Vendor's knowledge or belief, the Company
has not been convicted of any offence and no director of the Company has been convicted of any offences in relation to the Company.

6. *Taxation* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There is no liability on the Company to Taxation in respect
of which a Claim could be made and there are no circumstances likely to give rise to such a liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All income tax, goods and services tax, property tax, stamp
duties, and other taxes charges and levies assessed or imposed by any government or governmental or statutory body which have been assessed
upon the Company and which are due and payable on or before Completion have been paid and were paid on or before the relevant due date
for payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In relation to stamp duty assessable or payable in Singapore
or elsewhere in the world, as at the date of this Agreement and as at the Completion Date, all documents in the enforcement of which
the Company may be interested have been duly stamped and no document belonging to the Company now or at Completion which is subject to
ad valorem stamp duty is or will be unstamped or insufficiently stamped; nor has any relief from such duty been improperly obtained,
nor has any event occurred as a result of which any such duty from which the Company has obtained relief, has become payable; and all
stamp duty payable upon any transfer of shares in the Company before Completion has been duly paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In relation to goods and services tax, the Company, in its relevant
jurisdiction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has been duly registered and is a taxable person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) has complied, in all respects, with all statutory requirements,
orders, provisions, directions or conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) maintains complete, correct and up to date records as is required
by the applicable legislation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) has not been required by the relevant authorities of customs
and excise to give security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not paid nor will it become liable to pay any
penalty or interest under any Taxation statute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company has not been the subject of an investigation, discovery
or access order by or involving any Taxation authority and there are no circumstances existing which make it likely that an investigation,
discovery or order will be made.

7. *Contributions* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All deductions and payments required to be made by the Company
in respect of contributions (including employer's contributions) to any relevant competent authority have been so made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Proper records have been maintained in respect of all such deductions
and payments and all regulations applicable thereto have been complied with.

8. *Tax returns* 

The Company has duly made all returns and given or delivered all notices, accounts and information which on or before the date hereof ought to have been made, given or delivered for the purposes of Taxation and all such returns, notices, accounts and information (and all other information supplied to the Inland Revenue or the Customs and Excise or other Taxation authority concerned for any such purpose) have been complete and correct and made on a proper basis and none of such returns, notices, accounts or information is disputed in any respect by the Taxation authority concerned and there is no fact known to the Vendor which might be the occasion of any such dispute or of any Claim for Taxation in respect of any financial period down to and including the Completion Date not provided for in the Accounts.

9. *Employees* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There are not in existence any contracts of service with directors
or employees of the Company, nor any consultancy agreements with the Company, which cannot be terminated by three (3) months' notice
or less or (where not reduced to writing) by reasonable notice without giving rise to any claim for damages or compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There are no amounts owing to any present or former directors
or to employees of the Company save for accrued benefits and remuneration due to present directors and employees of the Company, full
details of which have been set out in the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save to the extent (if any) to which provision or allowance
has been made in the Accounts, the Company has not made or agreed to make any payment to or provided or agreed to provide any benefit
for any present or former director or employee which is not allowable as a deduction for the purposes of Taxation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Save to the extent (if any) to which provision or allowance
has been made in the Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) no liability has been incurred by the Company for breach
of any contract of service or for services, for redundancy payments or for compensation for wrongful dismissal or unfair dismissal or
for failure to comply with any order for the reinstatement or re-engagement of any employee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no gratuitous payment has been made or promised by the Company
in connection with the actual or proposed termination or suspension of employment or variation of any contract of employment of any present
or former director or employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of the Vendor's knowledge or belief, the
Company has in relation to each of its employees (and so far as relevant to each of its former employees) complied in all respects with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all obligations imposed on it by all statutes, regulations
and mandatory codes of conduct and practice relevant to the relations between it and its employees and has maintained current and adequate
records regarding the service of each of its employees; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all relevant orders and awards made under any relevant statute,
regulation or code of conduct and practice affecting the conditions of service of its employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the best of the Vendor's knowledge or belief, none
of the employees of the Company is a member of a trade union. As such, the Company is not involved in and has not received notice of
any industrial or trade dispute or any dispute or negotiation with any trade union or association of trade unions or organisation or
body of employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) As at the date of this Agreement and as at the Completion Date,
the Company does not have in existence and is not proposing to introduce, any incentive scheme, share incentive scheme, share option
scheme, profit sharing scheme or other bonus commission or incentive scheme for all or any part of its directors or employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) As at the date of this Agreement and as at the Completion
Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company has not hired or committed to hire any employees
or independent contractors or promoted or committed to promote any employees into or within the director, manager or officer levels;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no employee of the Company receives or is entitled (contingently
or otherwise) to receive any bonus, commission, variable remuneration, insurance, benefit in kind, motor vehicle for private use or other
reward other than wages or salary at a fixed rate, save for the reimbursement of expenses incurred in the normal course of business of
the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all employees who are required to have employment passes
or other required permit entitling such employee to work in Singapore or elsewhere in the world have obtained the requisite employment
passes or permit. All such employment passes or permits are valid and subsisting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As at the date of this Agreement and as at the Completion
Date, the Company has not offered or agreed to increase the remuneration of or to alter any of the material terms and conditions of employment
of any of its employees in a managerial or executive position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) There are no amounts owing to any present or former employee
of the Company other than remuneration or commission accrued for the current wage or salary period or for reimbursement of normal business
expenses and no present or former employee of the Company has any claim against it or right to be indemnified by it arising out of an
act or omission in the course of his office or employment on or before the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) As at the date of this Agreement and as at the Completion
Date, none of the employees of the Company has any accrued rights to holiday pay or to pay in lieu of holidays which have not been provided
for in full in the relevant Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The Company does not have any agreement or other arrangement
(whether or not legally binding) with any trade union or other body representing employees of the Company or any of them and the Company
does not recognise any trade union or other body representing employees of the Company or any of them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) There has been no strike, work to rule, work stoppage, work
interference activity or industrial action (official or unofficial) by any employee of the Company within the last 5 years, threatened
or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) As at the date of this Agreement and as at the Completion
Date, no employee of the Company with an annual remuneration of S$60,000 or more has resigned or submitted a letter of resignation or
threatened to resign or indicated an intention to resign that the Vendor is aware of.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) There is no agreement, arbitration or court decisions or
governmental, regulatory or supervisory orders which are binding on the Company which limit or restrict in any way the Company from relocating
or closing any of its operations.

10. *Pensions, Grants and Employment Schemes* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As at the date of this Agreement and as at the Completion
Date, save for those required by law under the relevant jurisdiction, there are not in existence nor has any proposal been announced
to establish any retirement, death or disability benefit schemes for directors or employees nor are there any obligations to or in respect
of present or former directors or employees with regard to retirement, death or disability pursuant to which the Company is or may become
liable to make payments and no pension or retirement or sickness gratuity is currently being paid or has been promised by the Company
to or in respect of any former director or former employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Where grants, subsidies or allowances have been applied for
or received by the Company from any government body, there are no grounds upon which any such grant, subsidy or allowance or any part
thereof could be liable to be repaid or recovered whether by reason of completion of this Agreement or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company is not a party to any scheme or programme relating
to the temporary or permanent engagement or training of employees under which it receives any subsidy or other financial assistance from
any government body.

11. *Debts to, contracts with, connected persons* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save as disclosed in the Accounts, there are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (A) no loans made by the Company to, and (B) no debts (whether
or not due for payment and including contingent liabilities) or unfulfilled obligations (present or future, actual or contingent) owing
to, the Vendor or to any director, officer, employee or shareholder of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no securities given by or to the Company (including guarantees
or indemnities) for any such loans or debts as aforesaid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no claim or circumstance which may give rise to a claim against
the Company by the Vendor or any director, officer, employee or shareholder of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Save as disclosed in the Accounts, there are no existing
contracts, arrangements, understandings or engagements to which the Company is a party and in which the Vendor, and/or any director,
officer, key employees or shareholder of the Company is directly or indirectly interested.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Save as disclosed in the Accounts, there is no contract,
arrangement or understanding to which the Company is a party or by which it is bound which is not on entirely arm's length terms.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The financial position of the Company and its results as
appearing from the Accounts were not and have not since been affected by any Transaction, contract or arrangement not on entirely arm's
length terms.

12. *Capital commitments, unusual contracts, guarantees* 

 

The Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) does not have any capital commitment in excess of S$500,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is not a party to any contract entered into otherwise than
in the ordinary and usual course of business or any non-competition contract or any contract of an onerous or long-term nature;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) has not delegated any powers under a power of attorney which
remains in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) has not by reason of any default by it in any of its obligations
become bound or liable to be called upon to repay prematurely any loan capital or borrowed moneys;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is not a party to any agreement which is or may become terminable
or which contain provisions which may operate adversely against the Company as a result of the entry into or completion of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) has not entered into nor is bound by any guarantee or indemnity
under which any liability or contingent liability is outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) is not and has not agreed to become a member of any joint
venture, consortium, partnership or other unincorporated association; is not and has not agreed to become, a party to any agreement or
arrangement for participating with others in any business sharing commissions or other income;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) is not a party to any agreement or arrangement which restricts
its freedom to carry on its business in any part of the world in any manner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has not and will not at any time prior to Completion sell
or otherwise dispose of any shares or capital or assets in circumstances such that it is, or may be, still subject to any liability (whether
contingent or otherwise) under any representation, warranty or indemnity given or agreed to be given on or in connection with such sale
or disposal.

13. *Book debts* 

Save as disclosed in the Accounts, none of the book debts which are included in the Accounts or which have subsequently arisen have been outstanding for more than six months as at the date of this Agreement and each such debt has realised or will realise in the normal course of collection its full value as included in the Accounts or in the books of the Company after taking into account any provision for such debt made in the relevant Accounts.

14. *Insurance* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the best of the Vendor's knowledge and belief, there
exist valid insurance policies taken out by the Company to insure it adequately against liabilities and losses and risks to which persons
operating the types of businesses operated by the Company is exposed or to comply with the applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In respect of such insurances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all premiums have been duly paid to date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all the policies are in force and are not voidable on account
of any act, omission or non-disclosure on the part of the insured party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) none of the insurance policies is subject to any special or
unusual terms or restrictions or to the payment of any premium in excess of the usual rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No claims have been made by the Company on its insurers, nor
have any circumstances arisen which may give rise to any claim, which (in either case) could have the effect of causing future premiums
to be higher than would otherwise be the case.

15. *Title to and condition of assets* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All assets (including all intangible assets) owned, held or
used by the Company which are included in the Accounts or have otherwise been represented as being the property of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are legally and beneficially owned by it free from any Encumbrance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are in its possession or under its exclusive control; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) are situated in Singapore.

All debts due to the Company which are included in the Accounts or have otherwise been represented as being due to the Company are legally and beneficially owned by it free from any Encumbrance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There is no Encumbrance on, over or affecting the whole or any
part of the undertaking, assets or debts of the Company and there is no agreement or commitment to give or create any Encumbrance and
no claim has been made by any person to be entitled to any Encumbrance and save for hire-purchases and other lease commitments arising
in the ordinary course of business, none of such undertaking, assets or debts are the subject of any factoring arrangement, hire-purchase,
conditional sale or credit sale agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company is able to prove title to all the assets owned by
it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company has not received any sum, property or benefit the
payment or transfer of which is liable to be avoided, or which is liable to be recovered from it, under any rule or law and the Company
does not hold any sum, property or right as trustee or constructive trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The assets owned by the Company comprise all the assets necessary
to enable the Company to carry on its business fully and effectively in the ordinary course as carried on up to the present time and
no such assets are used wholly or partly for any purpose other than its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All assets owned or used by the Company which are subject to
a requirement of licensing or registration of ownership possession or use are duly licensed or registered in its sole name.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Nothing has occurred or is likely to occur in relation to an
asset held by the Company, under a lease or similar agreement, whereby the rental payable has been, or is likely to be, increased, until
the date of expiry of the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All vehicles, if any, owned by the Company (including without
limitation, company vehicles used by any of its employees) are registered in its sole name and are duly licensed and insured for all
purposes for which they are used, all registration documents relating thereto are in its possession, and all necessary goods vehicle
operators' licences are held by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The assets registers of the Company comprise a complete and
accurate record of all machinery, equipment and vehicles owned, held or used by it and are capable of being reconciled in respect of
each item with the book values of such assets in its accounting records, save for items which have fully depreciated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) All machinery, equipment and vehicles, if any, owned or used
by the Company are in reasonably good and safe repair and condition having regard to their respective age, have been regularly and properly
maintained and is in working order, and none is in a dangerous or (in the case of vehicles) unroadworthy condition or in need of renewal
or replacement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Where relevant, maintenance contracts are in full force and
effect in respect of all assets of the Company which it is normal or prudent to have maintained by independent or specialist contractors
and which it is obliged to maintain or repair under any hire purchase, leasing, rental, insurance or other agreement.

16. *Compliance with leases and other agreements* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The terms of all material leases and agreements to which the
Company is a party have been duly complied with by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No such lease or agreement will become subject to avoidance,
revocation or be otherwise affected upon or in consequence of the making or implementation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) True and complete copies of all such leases and agreements have
been delivered by the Vendor to the Purchaser.

17. *Statutory and other requirements, consents and licences* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has carried on its business in accordance with applicable
laws and regulations in its relevant jurisdiction and there is no investigation or enquiry by, or order, decree or judgment of, any court
or any governmental agency or regulatory body outstanding or anticipated against the Company or which may have an adverse effect upon
any of its assets or business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All statutory and other requirements applicable to the carrying
on of the business of the Company as now carried on, and all conditions applicable to any licences and consents involved in the carrying
on of such business, have been complied with and the Vendor is not aware of any breach thereof or of any intended or contemplated refusal
or revocation of any such licence or consent.

18. *Books and records* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The statutory records, registers and books and the books of
account of the Company have been properly kept, are duly entered up and maintained in accordance with all legal requirements applicable
thereto and contain true, full and accurate records of all matters required to be dealt with therein and all such books and all records
and documents (including documents of title and copies of all subsisting agreements to which the Company is a party) are its property,
in its possession or under its control. All accounts, documents and returns required to be delivered or made to the Registrar of Companies
(or equivalent officer) in Singapore have been duly and correctly delivered or made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has not received any notice of any application or
intended application under any applicable legislation for the rectification of its statutory records, registers and/or books.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All charges in favour of the Company have (if appropriate) been
registered in accordance with the provisions of any applicable legislation.

19. *Options on share capital or assets* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No unissued shares or capital of the Company are under option
or agreed conditionally or unconditionally to be placed under option or created or issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There is no option, right to acquire, mortgage, charge, pledge,
lien or other form of security or Encumbrance on, over or affecting the shares or capital in, or any of the assets or businesses of,
the Company and there is no agreement or commitment to give or create any of the foregoing.

20. *Intellectual Property Rights* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All Intellectual Property Rights used or required by the Company
in connection with its business (including, without limitation, all and any products manufactured, assembled and/or sold or leased or
rented by it) are in full force and effect and are vested in and beneficially owned by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has copyright in all drawings and design rights
in all designs relating to its business (if any) and all such drawings and designs are in its possession and it has not supplied copies
of any such drawings or designs to any other person, save in the ordinary course of its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company does not require any patent, trade or service mark,
registered design, copyright, design right, licence or other right of any other person in order to manufacture or sell or lease its products
or to use the processes employed in its business as presently carried on and none of the activities of the Company infringes any patent
or other intellectual property of any kind whatsoever of any other person or gives rise to an obligation to pay any sum in the nature
of a royalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is the sole beneficial owner of its Intellectual
Property Rights (if any), and each of those Intellectual Property Rights is valid and enforceable, and none of them is being used, claimed,
opposed or attached by any other person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No right or licence has been granted to any person by the Company
to use in any manner or to do anything which would or might otherwise infringe any of the Intellectual Property Rights referred to above;
and no act has been done or omission permitted by the Company whereby such Intellectual Property Rights or any of them have ceased or
might cease to be valid and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The business of the Company as now carried on does not and is
not likely to infringe any Intellectual Property Right of any other person or give rise to a liability pursuant to the laws relating
to Intellectual Property Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company has not (otherwise than in the ordinary and normal
course of business) intentionally disclosed or permitted to be disclosed or undertaken or arranged to disclose to any person other than
the Purchaser any of its know-how, trade secrets, confidential information, price lists or lists of customers or suppliers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Nothing has been done or omitted by the Company which would
enable any licensee under a licence granted by it to be terminated or which in any way constitutes a breach of the terms of any licence.

21. *Subsidiaries and Associated Companies* 

 

The Company is not the legal or beneficial owner or holder of any share nor has any interest of any description in any other corporation and does not have any associated company (being a company which falls to be treated as such for the purposes of the Singapore Accounting Standards and/or the International Financial Reporting Standards).

22. *Property* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company does not own any freehold or leasehold property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The properties which are occupied or otherwise used by the Company
in connection with its business are occupied or used under lease, the terms of which permit the occupation or use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company has complied and is complying with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all permissions, orders and regulations applicable to the properties
which it occupies or uses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all applicable statutory and by-law requirements with respect
to the properties which it occupies or uses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) With respect to the properties rented or leased by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) true, complete and correct copies of all leases have been delivered
by the Vendor to the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Company has paid the rent and observed and performed in
all material respects the covenants on the part of the tenant and the conditions contained in any leases under which the properties are
held, and all the leases are valid and in full force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all licences, consents and approvals required from the landlords
under any leases have been obtained and the covenants on the part of the tenant contained in the licences, consents and approvals have
been duly performed and observed in all material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) there are no rent reviews under the leases held by the Company
in progress; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) no obligation necessary to comply with any notice or other requirement
given by the landlord under any leases is outstanding and unobserved or unperformed.

23. *Corporate Matters* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has been duly incorporated and is validly existing under the laws of its relevant
 jurisdiction and is not in receivership or liquidation. The Company has not taken any steps to enter into liquidation and the Vendor
 is not aware of any petition being presented for the winding up of the Company and the Vendor is not aware of any grounds on
 which a petition or application could be based for the winding up or appointment of a receiver of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Vendor is the legal and beneficial owner of the Sale Shares free and clear of any
 Encumbrance and the Company has not exercised any lien over any of its issued shares and there is no outstanding call on any of the
 Sale Shares and all of the Sales Shares are fully paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Sale Shares constitute 100% of all the issued shares in
the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company does not have any place of business or branch or
permanent establishment outside its relevant jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not reduced, repaid or purchased any of its
share capital, and there are no options or other agreements outstanding which call for the issue of or accord to any person the right
to call for the issue of any shares in the capital of the Company or the right to require the creation of any Encumbrance over any shares
in its share capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company has complied with its constitution (or the equivalent
constitutive documents) in all material respects and none of the activities, agreements, commitments or rights of the Company is *ultra vires* or unauthorised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All governmental approvals, licences and authorisations which
were necessary in connection with the incorporation of the Company, the allotment or transfer of shares in the Company to the present
and former holders thereof and the appointment of directors were duly obtained and such approvals, licences and authorisations (and of
all amendments and supplements thereto) have been disclosed to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Save as disclosed in the Accounts and save for those debts arising
in the ordinary course of business, the Company shall be free of any debt or liability of any nature whatsoever (whether actual, contingent
or otherwise) as at the Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company can pay and discharge, or cause to be paid and discharged,
all its debts and liabilities when they mature or become due or are expressed to be due.

24. *Fees, Commissions and Brokerage* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No person is entitled to recover from the Company any finders'
fees, brokerage or other commission in connection with the sale and purchase of the Sale Shares under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No claim or demand for payment of commission, legal or accountancy
fees or other payments has been or will be made against the Company by any person directly or indirectly in connection with the negotiations
leading to this Agreement.

25. *Computers and Computer Systems* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the best of the Vendor's knowledge and belief, all
software used that have been purchased by the Company on or stored or resident in the computers or computer systems owned by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are lawfully held and used and does not infringe the copyright
or other Intellectual Property Rights of any person and all copies held have been lawfully made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) as to the copyright therein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) in the case of standard package software purchased outright,
are licensed to it on an express or implied licence which does not require it to make any further payments (save for ordinary fees for
maintenance and software support), are not terminable without its consent and which imposes no restrictions (save as to copying) on the
use or transfer of the software; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) in the case of all other software, is licensed to it on the
terms of a written licence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No software owned by or licensed to the Company is used by or
licensed by it to any other person, save for any sub-licensing in the ordinary course of business.

26. *Banking and Finance* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company does not have any bank, building society or other
similar account (whether in credit or overdrawn) other than the current account(s) at the banks disclosed to the Purchaser and details
of those accounts, including the overdraft limit thereon and the relevant bank mandates, have been disclosed to the Purchaser, and there
have been no payments out of or drawings against the said accounts except for payment in the ordinary and proper course of business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Save as disclosed to the Purchaser, the Company does not have
any liabilities in the nature of borrowings or in respect of debentures or negotiable instruments other than cheques drawn in the ordinary
course of business on the bank account(s) referred to in paragraph 26(a) and save as disclosed to the Purchaser, the Company is not a
party to any loan agreement, facility letter or other agreement for the provision of credit or financing facilities to it or any agreement
for the sale, factoring or discounting of debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No circumstances have arisen which could now (or which could
with the giving of notice or lapse of time or both) entitle a provider of finance to the Company (other than on a normal overdraft facility)
to call in the whole or any part of the monies advanced or to enforce its security, and no provider of finance to it on overdraft facility
has demanded repayment or indicated that the existing facility will be withdrawn or reduced or not renewed or that any terms thereof
will be altered to its disadvantage. None of the Company's credit lines or facilities or any offers in respect thereof shall be
terminated, revoked or reviewed as a consequence of the change in shareholdings upon Completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All of the Company's borrowings if not already disclosed
in writing, are disclosed in the Disclosure Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has not engaged in any borrowing or financing Transaction
or arrangement which does not appear as borrowings in the relevant Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Save as disclosed in the Disclosure Letter, neither the Company
nor any other person has given or undertaken to give any security or guarantee for any of its liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company has not given or undertaken to give any security
or guarantee for any liability of any person.

27. *Contracts* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) None of the contracts or purported contracts of the Company
is void, voidable or unenforceable by it. The Company is not in breach of any of its contractual obligations and no other party to any
contract to which the Company is a party is in breach of that contract or is unlikely to be able or willing to fulfil its contractual
obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No event or omission has occurred or been permitted to arise
which would entitle any third party to terminate prematurely any contract to which the Company is a party or call in any money or enforce
any obligation before the date on which payment or performance would normally be due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company has complete and accurate records of the terms of
all contracts to which it is a party or by which it is bound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The material contracts entered into by the Company have been
disclosed by the Vendor to the Purchaser in writing and made available for inspection to the Purchaser.

28. *Customers and Suppliers* 

 

So far as the Vendor is aware, there has been no express communication by any customer, supplier and/or employee of the Company which would indicate that the attitudes, actions or prices of such customer, supplier and/or employee (with regard to the Company) will be prejudicially affected by the execution or completion of this Agreement.

29. *Product Liabilities* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save for any condition or warranty implied by law or given in
the ordinary course of business, the Company has not given any guarantee, condition or warranty or made any representation in respect
of goods or services supplied or contracted to be supplied by it or accepted any obligation which could give rise to any liability after
any such goods or services have been supplied by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company has not received notice of any claim which remains
outstanding alleging the failure to perform, either properly or at all, any services performed or to be performed by the Company nor
are there any circumstances which could give rise to any such claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Save in the ordinary course of business, the Company has not
agreed to issue a credit note or to write off or reduce indebtedness in respect of any goods or services supplied by it.

30. *Insolvency* 

To the best of the Vendor's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no order has been made or petition presented or resolution passed
for the winding-up or administration of the Company, nor are there any grounds on which any person would be entitled to have the Company
wound-up or placed in administration, nor has any person threatened to present such a petition or convened or threatened to convene a
meeting of the Company to consider a resolution to wind up the Company or any other resolutions, nor has any step been taken in relation
to the Company under the law relating to insolvency or the relief of debtors in any part of the world;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no distress, execution or other process has been levied on any
asset owned or used by the Company, nor has any person threatened any such distress, execution or other process;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no person has appointed or threatened to appoint or become entitled
to appoint a receiver or receiver and manager or other similar officer of the Company's business or assets or any part of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Company has not ceased trading or stopped payment to its
creditors and there are no grounds on which the Company could be found to be unable to pay its debts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no composition in satisfaction of the debts of the Company,
or scheme of arrangement of its affairs, or compromise or arrangement between it and its creditors and/or members or any class of its
creditors and/or members, has been proposed, sanctioned or approved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) no event has occurred causing or which upon intervention or

become enforceable, nor has any such crystallisation occurred nor is such enforcement in process; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in relation to any property or assets held by the Company under
any hire purchase, conditional sale, chattel leasing or retention of title agreement or otherwise belonging to a third party, no event
has occurred which entitles, or which upon intervention or notice by a third party may entitle, the third party to repossess the property
or assets concerned or terminate the agreement or any licence in respect of the same.

[The rest of this page has been intentionally left blank]

**IN WITNESS WHEREOF** the Parties have hereunto set their hands.

<u>The Vendor</u>

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| |
|:---|
| **MOHAMED FAROUK BIN ABDUL LATIFF** |
| ![](ex1-7_001.jpg) |

---

<u>The Purchaser</u>

**YY GROUP HOLDING LIMITED**

---

| |
|:---|
| /s/ Mike Fu |
| Name: Mike Fu |
| Designation: Chief Executive Officer |

---

## Exhibit 1.8

**Exhibit 1.8**

FIXED ASSETS SALE AND PURCHASE AGREEMENT

This Sale and Purchase Agreement (the "Agreement") is made and entered into as of 21 April 2025, by and between:

**Seller:**

Name: Wang Shiqing

Identification No.: S8283206H

Address: 81 Aljunied Road, #06-05, Singapore 389823

**Buyer:**

Entity: 365IFM Pte Ltd

(A 100% subsidiary of YY Group Holding Limited)

Company Registration No.: 202128924Z

Registered Address: 60 Paya Lebar Road, Paya Lebar Square #09-13 Singapore 409051

**RECITALS**

WHEREAS, the Seller owns certain fixed assets, including a managing facilities software application (24iFM) and associated materials;

WHEREAS, the Buyer desires to purchase, and the Seller desires to sell, such assets upon the terms set forth herein;

WHEREAS, the consideration for such sale shall be the issuance of 4,000,000 shares of YY Group Holding Limited ("YYGH")'s common stock at a deemed value of USD $0.40 per share, for a total consideration of USD $1,600,000.

1. Sale of Assets

The Seller agrees to sell, assign, and transfer to the Buyer the following assets (collectively, the "Assets"):

- The managing facilities application named as 24iFM (the "Software");

- All related software licenses, documentation, and user manuals;

- All intellectual property rights associated with the Software.

2. Purchase Price

2.1 Shares Issued

As full consideration for the sale of the Assets, the Buyer shall procure the issuance to the Seller of 4,000,000 (four million) fully paid and non-assessable common shares of YYGH ("Shares").

2.2 Valuation

The parties agree that the deemed value of each Share is USD $0.40, resulting in an aggregate transaction value of USD $1,600,000.

2.3 Delivery of Shares

The Buyer shall deliver to the Seller:

(i) stock certificates evidencing the Shares (or, if uncertificated, evidence of electronic issuance and registration) within 60 days from the Asset delivery date; and

(ii) any board resolutions or shareholder approvals authorizing the issuance.

3. Representations and Warranties

By the Seller:

- The Seller is the sole legal and beneficial owner of the Assets.

- The Assets are free from all liens, charges, and encumbrances.

- The Seller undertakes to provide application development and maintenance warranty services at no additional cost for a period of one (1) year, commencing on the delivery date.

By the Buyer:

- The Buyer has full legal right, authority, and capacity to enter into and perform this Agreement.

4. Delivery

The Seller shall deliver the Assets to the Buyer no later than 21 April 2025. The delivered Assets shall include, without limitation, all relevant source code, installation files, user documentation, login credentials, and any associated license keys required for proper use and operation. The Buyer shall be granted full access to the Assets for the purpose of evaluation and testing. The issuance of shares by the Buyer shall be contingent upon satisfactory access and testing of the delivered Assets.

5. Confidentiality

Both parties agree to maintain the confidentiality of the terms of this Agreement and any proprietary or business information disclosed during this transaction, unless required by law or regulatory authorities.

6. Governing Law

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

7. Miscellaneous

- This Agreement constitutes the entire agreement between the parties and supersedes all prior communications and agreements, whether oral or written.

- No modification, amendment, or waiver of any provisions hereof shall be effective unless in writing and signed by both parties.

**IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.**

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| |
|:---|
| Signed for and on behalf of Seller: |
| /s/ Wang Shiqing |
| Wang Shiqing |

---

---

| | |
|:---|:---|
| Witnessed by: | Witnessed by: |
| /s/ Fu Xiaowei | /s/ Fu Xiaowei |
| Name: | Fu Xiaowei |
| NRIC/Passport No.: S8481376A | NRIC/Passport No.: S8481376A |

---

---

| |
|:---|
| Signed for and on behalf of Buyer: |
| /s/ Phua Zhi Yong |
| Phua Zhi Yong <br> Director <br> 365IFM Pte Ltd |

---

---

| |
|:---|
| Witnessed by: |
| /s/ Fu Xiaowei |
| Name: Fu Xiaowei |
| NRIC/Passport No.: S8481376A |

---