# EDGAR Filing Document

**Accession Number:** 0002014254
**File Stem:** 0001213900-26-003593
**Filing Date:** 2026-1
**Character Count:** 64213
**Document Hash:** e6e243d6ea4915f5dfcba9879612c302
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-003593.hdr.sgml**: 20260113

**ACCESSION NUMBER**: 0001213900-26-003593

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260111

**FILED AS OF DATE**: 20260113

**DATE AS OF CHANGE**: 20260112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FST Corp.
- **CENTRAL INDEX KEY:** 0002014254
- **STANDARD INDUSTRIAL CLASSIFICATION:** [3949]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42475
- **FILM NUMBER:** 26528125

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NO. 3, GONGYE 1ST RD., MINXIONG TOWNSHIP
- **CITY:** CHIAYI COUNTY
- **PROVINCE COUNTRY:** F5
- **BUSINESS PHONE:** 886-5-276-6171

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NO. 3, GONGYE 1ST RD., MINXIONG TOWNSHIP
- **CITY:** CHIAYI COUNTY
- **PROVINCE COUNTRY:** F5

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**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 January 2026**

**Commission File Number: 001-42475** 

**FST Corp.**

**(Registrant's Name)**

**No. 3, Gongye 1st Rd., Minxiong Township**

**Chiayi County 621018, Taiwan**

**(Address of Principal Executive Offices)**

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

Form 20-F ☒ Form 40-F ☐

As previously disclosed, on December 22, 2023, Chenghe Acquisition I. Co., a Cayman Islands exempted company ("**SPAC**"), entered into a Business Combination Agreement (the "**Business Combination Agreement**") with FST Corp., a Cayman Islands exempted company limited by shares (the "**Company**"), FST Merger Ltd., a Cayman Islands exempted company limited by shares and a direct wholly owned subsidiary of the Company ("**Merger Sub**"), and Femco Steel Technology Co., Ltd., a company limited by shares incorporated and in existence under the laws of Taiwan ("**FST**"), pursuant to which the Merger Sub merged with and into SPAC with SPAC being the surviving company and as a direct, wholly owned subsidiary of the Company (the "**Merger**"), and SPAC changed its name to "FST Ltd." (the "**Business Combination**").

On December 27, 2024 (the "**Trade Date**"), the Company entered into an agreement with (i) SPAC, (ii) FST, (iii) Harraden Circle Investors, LP ("**HCI**"), and (iv) Harraden Circle Special Opportunities, LP ("**HCSO**" and, collectively with HCI, "**Seller**") (the "**Share Forward Agreement**") for a prepaid share forward transaction. For purposes of the Share Forward Agreement, SPAC is referred to as the "**Counterparty**" prior to the closing of the Business Combination, while the Company is referred to as the "**Counterparty**" after the closing of the Business Combination. Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Share Forward Agreement.

Pursuant to the terms of the Share Forward Agreement, Seller intends, but is not obligated, to sell to the Counterparty a maximum of up to 3,000,000 Class A ordinary shares of SPAC, par value $0.0001 per share, or, as applicable after the closing of the Business Combination, ordinary shares of the Company, par value $0.0001 per share (the "**Shares**") (such sale transaction is herein referred to as the "**Transaction**"). The initial price of the Shares for the Transaction (the "**Initial Price**") is the redemption price of the Shares in accordance with the constitutive documents of the Counterparty (the "**Redemption Price**"). At the closing of the Business Combination (the "**Prepayment Date**"), the Counterparty made prepayment on the Transaction to the Seller in an amount equal to (i) the number of Shares owned by Seller on the day prior to the closing of the Business Combination multiplied by (ii) the Initial Price ("**Prepayment Amount**"). 100,000 Shares (the "**Commitment Shares**") were settled on the Prepayment Date. Except for the Commitment Shares, the number of Shares the Seller intends to sell to the Counterparty pursuant to the Share Forward Agreement (the "**Number of Shares**") would settle two (2) Exchange Business Days following the Valuation Date or Maturity Date, defined in the Share Forward Agreement as the date that is 12 months after the closing of the Business Combination.

Upon maturity, the following would occur:

● Seller would retain an amount equal to (i) the Number of Shares multiplied by (ii) the Initial Price.

● The Seller would retain the Maturity Consideration from the Prepayment Amount.

The Share Forward Agreement also provides for other relevant payments between the parties under certain conditions:

● Optional Early Termination: If the Seller decides to terminate the Transaction in whole or in part with respect to any Number of Shares (such quantity, the "**Terminated Shares**") on any Exchange Business Day following the closing of the Business Combination, the Seller would pay the Counterparty an amount equal to the Reset Price then in effect multiplied by the number of Terminated Shares.

● Reimbursement of Legal Fees and Other Expenses: On the Trade Date, the Counterparty shall pay the Seller an amount equal to the reasonable and documented attorney fees and other reasonable and documented expenses related to such attorney fees incurred by Seller or its affiliates in connection with the Transaction, subject to a $25,000 cap, and expenses actually incurred in connection with the acquisition of the Shares.

Pursuant to the Share Forward Agreement, Seller waived the redemption rights set forth in Counterparty's memorandum and articles of association in connection with the Business Combination with respect to the Shares except for any redemption following certain Additional Termination Events as set out in the Additional Termination Event section of the Share Forward Agreement.

A copy of the Share Forward Agreement is included as Exhibit 10.1 hereto and incorporated herein by reference, and the foregoing description of the Share Forward Agreement is qualified in its entirety by reference thereto.

**Entry into a Material Definitive Agreement.**

On January 9, 2026, the Company entered into Amendment No. 1 to the Share Forward Agreement with FST and the Seller (the "**Amendment**").

The Amendment amends the Valuation Date or Maturity Date of the Transaction to be the date that is 24 months after the closing of the Business Combination. Pursuant to the Amendment, except for the said amendment, the Share Forward Agreement was ratified in all other aspects and remains in full force and effect.

A copy of the Amendment is included as Exhibit 10.2 hereto and incorporated herein by reference, and the foregoing description of the Amendment is qualified in its entirety by reference thereto.

**<u>Exhibits</u>.**

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| | |
|:---|:---|
| **Number** |  |
| **10.1** | [Share Forward Agreement, dated December 27, 2024, by and among Chenghe Acquisition I. Co., FST Corp., Femco Steel Technology Co., Ltd., Harraden Circle Investors, LP, and Harraden Circle Special Opportunities, LP.](ea027263901ex10-1_fstcorp.htm)<br>|
| **10.2** | [Amendment No.1 to the Share Forward Agreement, dated January 9, 2026, by and among FST Corp., Femco Steel Technology Co., Ltd., Harraden Circle Investors, LP, and Harraden Circle Special Opportunities, LP.](ea027263901ex10-2_fstcorp.htm) |

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**SIGNATURE**

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.

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| | | |
|:---|:---|:---|
|  | **FST Corp.** | **FST Corp.** |
| Date: January 11, 2026 | By: | /s/ David Chuang |
|  | Name: | David Chuang |
|  | Title: | Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

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|:---|:---|
| **Date:** | December 27, 2024 |

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|:---|:---|
| **To:** | Chenghe Acquisition I Co., a Cayman Islands exempted company with limited liability prior to the closing of the Business Combination (as defined below) and FST Corp., a Cayman Islands exempted company following the closing of the Business Combination (collectively, the "**Counterparty**"), and Femco Steel Technology Co., Ltd., a company limited by shares incorporated and in existence under the laws of Taiwan with uniform commercial number of 04465819 (the "**Target**"). |

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| **Address:** | 38 Beach Road #29-11<br> South Beach Tower<br> Singapore |

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| **From:** | (i) | Harraden Circle Investors, LP ("HCI"), (ii) Harraden Circle Special Opportunities, LP ("HCSO") (with HCI and HCSO collectively as "**Seller**") |

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|:---|:---|
| Re: | Prepaid Share Forward (the "**Transaction**") |

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The purpose of this agreement (this "**Confirmation**") is to confirm the terms and conditions of the transaction (the "**Transaction**") entered into between Seller, LATG and Target on the Trade Date specified below. The term "**Counterparty**" refers to LATG until the Business Combination (as defined below), and to FST Corp., a Cayman Islands exempted company, following the Business Combination. Certain terms of the Transaction shall be as set forth in this Confirmation, with additional terms as set forth in a Pricing Date Notice (the "**Pricing Date Notice**") in the form of <u>Schedule A</u> hereto. This Confirmation, together with the Pricing Date Notice, constitutes a "Confirmation" and the Transaction constitutes a separate "Transaction" as referred to in the ISDA Form (as defined below).

This Confirmation, together with the Pricing Date Notice, evidences a complete binding agreement between Seller, Target and Counterparty as to the subject matter and terms of the Transaction to which this Confirmation relates and shall supersede all prior or contemporaneous written or oral communications with respect thereto.

The 2006 ISDA Definitions (the "**Swap Definitions**") and the 2002 ISDA Equity Derivatives Definitions (the "**Equity Definitions**", and with the Swap Definitions, the "**Definitions**"), each as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. If there is any inconsistency between the Definitions and this Confirmation, this Confirmation governs. If, in relation to the Transaction, there is any inconsistency between the ISDA Form, this Confirmation (including the Pricing Date Notice), the Swap Definitions and the Equity Definitions, the following will prevail for purposes of such Transaction in the order of precedence indicated: (i) this Confirmation (including the Pricing Date Notice); (ii) the Equity Definitions; (iii) the Swap Definitions; and (iv) the ISDA Form.

This Confirmation, together with the Pricing Date Notice, shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the "**ISDA Form**") as if Seller, Target and Counterparty had executed an agreement in such form (but without any Schedule except as set forth herein under "**Schedule Provisions**") on the Trade Date.

The terms of the particular Transaction to which this Confirmation relates are as follows, and capitalized terms, as used herein and to the extent not otherwise defined, shall have as their definitions the applicable terms described below:

**<u>General Terms</u>**

Type of Transaction: Share Forward Transaction

Trade Date: December 27, 2024

Pricing Date: The date specified in the Pricing Date Notice.

Effective Date: One (1) Settlement Cycle following the Pricing Date.

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|:---|:---|
| Valuation Date: | The date that is 12-months after the closing of the transactions between Counterparty and Target (the "**Business Combination**") pursuant to the Business Combination Agreement, dated as of December 22, 2023 (the "**Merger Agreement**") (the "**Maturity Date**"). |

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|:---|:---|
| VWAP Price: | For any scheduled trading day, the volume weighted average price per Share for such day as reported on the relevant Bloomberg Screen "KBSX US AQR SEC" (or any successor thereto), or if such price is not so reported on such trading day for any reason or is erroneous, the VWAP Price shall be as reasonably determined by the Calculation Agent. |

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| Pricing Date Notice: | Seller shall deliver to Counterparty the Pricing Date Notice no later than one (1) business day in which Nasdaq and commercial banks in the City of New York are open for business (each such day an "**Exchange Business Day**") following the closing of the Business Combination. The Pricing Date Notice shall include the Number of Shares subject to this Confirmation. |

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Seller: Seller.

Buyer: Counterparty; In connection with the Business Combination, Chenghe Acquisition I Co. will merge with a subsidiary of FST Corp.

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|:---|:---|
| Shares: | Prior to the closing of the Business Combination, the Class A ordinary shares, par value $0.0001 per share, of Chenghe Acquisition I Co., a Cayman Island exempted company with limited liability (Ticker: "**LATG**") and, after the closing of the Business Combination, the shares of Class A common stock, par value $0.0001 per share, of FST Corp. (Ticker: "KBSX") |

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|:---|:---|
| Number of Shares: | A number of LATG shares (such Shares referred to herein as the "**Public Shares**") equal to (i) the number of Public Shares owned by Seller on the day prior to the close of the Business Combination, minus (ii) the number of Commitment Shares, as specified in the Pricing Date Notice, but in no event more than the Maximum Number of Shares. The Number of Shares is subject to reduction as described under "Optional Early Termination". |

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|:---|:---|
| Commitment Shares: | 100,000 Public Shares. The Commitment Shares shall not be included in the Number of Shares and the Seller and the Commitment Shares shall be free and clear of all obligations with respect to this Confirmation, except that the Seller will not sell the Share Consideration Shares at a price that is less than the Reset Price prior to the 30-day anniversary of the closing of the Business Combination. |

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Maximum Number of Shares: 3,000,000 Shares.

Initial Price: The redemption price in accordance with the organizational/constitutive documents of the Counterparty (the "Redemption Price").

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|:---|:---|
| Reset Price: | Initially the Initial Price. From time to time in the Buyer's sole discretion the Reset Price may be adjusted to the lower of the current Reset Price and the lowest daily VWAP over the prior 10 trading days. For avoidance of doubt the Reset Price may only be adjusted downward. |

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| Prepayment: | Payment of the Prepayment Amount shall be made directly from the Counterparty's Trust Account maintained by Continental Stock Transfer & Trust Company holding the net proceeds of the sale of the units in Counterparty's initial public offering (the "**Trust Account**") no later than the Prepayment Date. |

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| Prepayment Amount: | At the close of the Business Combination, the Counterparty will pay to the Seller an amount equal to the (i) Number of Shares plus the number of Commitment Shares, multiplied by (ii) the Initial Price ("**Prepayment Amount**"). |

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Prepayment Date: The earlier of (a) one (1) Local Business Day after the closing of the Business Combination and (b) the date any assets from the Trust Account are disbursed following the Business Combination.

Variable Obligation: Not applicable.

Redemptions: Counterparty shall promptly accept any redemption reversal requests in connection with purchases of Shares by Seller for any Public Shares subject to this Confirmation.

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| Exchange(s): | The Nasdaq Global Market ("**Nasdaq**"). |

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Related Exchange(s): All Exchanges.

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| Reimbursement of Legal Fees and Other Expenses: | On the Trade Date, Counterparty shall pay to Seller an amount equal to (a) the reasonable and documented attorney fees and other reasonable and documented expenses related to such attorney fees incurred by Seller or its affiliates in connection with this Transaction subject to a $25,000 cap and (b) expenses actually incurred in connection with the acquisition of the<br> Public Shares. |

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**<u>Settlement Terms</u>**

Settlement Method Election: Not Applicable.

Settlement Method: Physical Settlement.

Settlement Currency: USD.

Settlement Date: Two (2) Exchange Business Days following the Valuation Date.

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| Excess Dividend Amount Ex | Amount. |

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| Optional Early Termination | From time to time and on any Exchange Business Day following the closing of the Business Combination (any such date, an "**OET Date**"), and subject to the terms and conditions below, Seller may, in its absolute discretion, terminate the Transaction in whole or in part with respect to any number of Shares by giving notice of such termination and the specified number of Shares (such quantity, the "**Terminated Shares**"). As of each OET Date, Buyer shall be entitled to an amount from Seller, and the Seller shall pay to Buyer, an amount equal to the then in effect Reset Price, multiplied by (b) the Terminated Shares. The Number of Shares shall be reduced by the number of Terminated Shares. |
|  | The remainder of the Transaction, if any, shall continue in accordance with its terms; provided that if the OET Date is also the stated Valuation Date, the remainder of the Transaction shall be settled in accordance with the other provisions of "Settlement Terms". |

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| Maturity Consideration: | At Maturity, in exchange for the return of the Number of Shares to Counterparty, Seller shall retain an amount equal to (i) the Number of Shares multiplied by (ii) the Initial Price. |

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| Maturity Settlement: | The Seller will retain the Maturity Consideration from the Prepayment Amount. |

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**<u>Share Adjustments:</u>**

Method of Adjustment: Calculation Agent Adjustment.

**<u>Extraordinary Events:</u>**

Consequences of Merger Events involving Counterparty:

Share-for-Share: Calculation Agent Adjustment.

Share-for-Other: Cancellation and Payment.

Share-for-Combined: Component Adjustment.

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| Tender Offer: | Applicable; *provided, however*, that Section 12.1(d) of the Equity Definitions is hereby amended by adding ", or of the outstanding Shares," before "of the Issuer" in the fourth line thereof. Sections 12.1(e) and 12.1(l)(ii) of the Equity Definitions are hereby amended by adding "or Shares, as applicable," after "voting Shares". |

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**<u>Consequences of Tender Offers:</u>**

Share-for-Share: Calculation Agent Adjustment.

Share-for-Other: Calculation Agent Adjustment.

Share-for-Combined: Calculation Agent Adjustment.

Composition of Combined Consideration: Not Applicable.

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| Nationalization, Insolvency or Delisting: | Cancellation and Payment (Calculation Agent Determination); provided that in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it shall also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re- traded or re-quoted on any of the New York Stock Exchange, the Nasdaq Global Select Market, Nasdaq Capital Market or the Nasdaq Global Market (or their respective successors) or such other exchange or quotation system which, in the determination of the Calculation Agent, has liquidity comparable to the aforementioned exchanges; if the Shares are immediately re-listed, re-traded or re-quoted on any such exchange or quotation system, such exchange or quotation system shall be deemed to be the Exchange. |

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Business Combination Exclusion: Notwithstanding the foregoing or any other provision herein, the parties agree that the Business Combination shall not constitute a Merger Event, Tender Offer, Delisting or any other Extraordinary Event hereunder.

**<u>Additional Disruption Events:</u>**

(a) Change in Law: Applicable; *provided* that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by adding the words "(including, for the
 avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute)"
 after the word "regulation" in the second line thereof.

(a) Failure to Deliver: Not Applicable.

(b) Insolvency Filing: Applicable.

(c) Hedging Disruption: Not Applicable.

(d) Increased Cost of Hedging: Not Applicable.

(e) Loss of Stock Borrow: Not Applicable.

(f) Increased Cost of Stock Borrow: Not Applicable.

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| Determining Party: | For all applicable events, Seller, unless (i) an Event of Default, Potential Event of Default or Termination Event has occurred and is continuing with respect to Seller, or (ii) if Seller fails to perform its obligations as Determining Party, in which case a Third Party Dealer (as defined below) in the relevant market selected by Counterparty will be the Determining Party. |

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**<u>Additional Provisions:</u>**

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| Calculation Agent: | Seller, unless (i) an Event of Default, Potential Event of Default or Additional Termination Event has occurred and is continuing with respect to Seller, or (ii) if Seller fails to perform its obligations as Calculation Agent, in which case an unaffiliated leading dealer in the relevant market selected by Counterparty in its sole discretion will be the Calculation Agent. |
|  | In the event that a party (the "**Disputing Party**") does not agree with any determination made (or the failure to make any determination) by the Calculation Agent, the Disputing Party shall have the right to require that the Calculation Agent have such determination reviewed by a disinterested third party that is a dealer in derivatives of the type that is the subject of the dispute and that is not an Affiliate of either party (a "**Third Party Dealer**"). Such Third Party Dealer shall be jointly selected by the parties within one (1) Business Day after the Disputing Party's exercise of its rights hereunder (once selected, such Third Party Dealer shall be the "**Substitute Calculation Agent**"). If the parties are unable to agree on a Substitute Calculation Agent within the prescribed time, each of the parties shall elect a Third Party Dealer and such two dealers shall agree on a Third Party Dealer by the end of the subsequent Business Day. Such Third Party Dealer shall be deemed to be the Substitute Calculation Agent. Any exercise by the Disputing Party of its rights hereunder must be in writing and shall be delivered to the Calculation Agent not later than the third Business Day following the Business Day on which the Calculation Agent notifies the Disputing Party of any determination made (or of the failure to make any determination). Any determination by the Substitute Calculation Agent shall be binding in the absence of manifest error and shall be made as soon as possible but no later than the second Business Day following the Substitute Calculation Agent's appointment. The costs of such Substitute Calculation Agent shall be borne by (a) the Disputing Party if the Substitute Calculation Agent substantially agrees with the Calculation Agent or (b) the non- Disputing Party if the Substitute Calculation Agent does not substantially agree with the Calculation Agent. If, after following the procedures and within the specified time frames set forth above, a binding determination is not achieved, the original determination of the Calculation Agent shall apply. |

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Non-Reliance: Applicable.

Agreements and Acknowledgements Regarding Hedging Activities: Applicable.

Additional Acknowledgements: Applicable.

**<u>Collateral Provisions:</u>**

Grant of Security Interest: None.

Collateral: None.

Securities Account: None.

Securities Intermediary: None.

Perfection: None

**<u>Schedule Provisions:</u>**

Specified Entity: In relation to both Seller and Counterparty for the purpose of: Section 5(a)(v) [of the ISDA Form], Not Applicable Section 5(a)(vi) [of the ISDA Form], Not Applicable Section 5(a)(vii) [of the ISDA Form], Not Applicable Section 5(b)(v) [of the ISDA Form], Not Applicable

Cross-Default The "Cross-Default" provisions of Section 5(a)(vi) of the ISDA Form will not apply to either party.

Credit Event Upon Merger The "Credit Event Upon Merger" provisions of Section 5(b)(v) of the ISDA Form will not apply to either party.

Automatic Early Termination: The "Automatic Early Termination" of Section 6(a) of the ISDA Form will not apply to either party.

Termination Currency: United States Dollars.

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|:---|:---|
| Additional Termination Event: | Will apply to Seller and to Counterparty. The occurrence of any of the following events shall constitute an Additional Termination Event: |
|  | (a) The Business Combination fails to close on or before the Outside Date (as defined in the Merger Agreement) (as such Outside Date may be amended or extended from time to time); and |
|  | (b) The Merger Agreement is terminated prior to the closing of the Business Combination; and |
|  | (c) If it is, or, as a consequence of a change in law, regulation or interpretation, it becomes or will become, unlawful for the Seller or Counterparty to perform any of its obligations contemplated by the Transaction; and |
|  | (d) Upon the occurrence of any Material Adverse Change of the Counterparty; and |
|  | Notwithstanding the foregoing, Counterparty's obligations set forth under the captions, "Reimbursement of Legal Fees and Other Expenses," and "Other Provisions — (d) Indemnification" shall survive any termination due to the occurrence of either of the foregoing Additional Termination Events. Upon any termination that occurs following the closing of the Business Combination due to paragraph (c) or (d) above, Counterparty shall be obligated to promptly accept for redemption all of Seller's Shares in exchange for the Initial Price. Except as set forth in the immediately preceding sentence, in all other circumstances no further payments or deliveries shall be due by either Seller to Counterparty or Counterparty to Seller in respect of the Transaction, including without limitation in respect of any settlement amount, breakage costs or any amounts representing the future value of the Transaction, and neither party shall have any further obligation under the Transaction and, for the avoidance of doubt and without limitation, no payments will have accrued or be due under Sections 2, 6 or 11 of the ISDA Form. |

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| Material Adverse Change: | Means any change, event, or occurrence, that, individually or when aggregated with other changes, events, or occurrences has had a materially adverse effect on the business, assets, financial condition or results of operations of the Counterparty and its subsidiaries, taken as a whole; provided, however, that no change, event, occurrence or effect arising out of or related to any of the following, alone or in combination, shall be taken into account in determining whether a Material Adverse Change pursuant has occurred: (i) acts of war (whether or not declared), sabotage, military or para-military actions or terrorism, or any escalation or worsening of any such acts, or changes in global, national or regional political or social conditions; (ii) earthquakes, hurricanes, tornados, epidemics and pandemics declared by the World Health Organization or any other reputable third party organization (including the COVID-19 virus) or other natural or man-made disasters; (iii) changes attributable to the public announcement or pendency of the transactions contemplated herein (including the impact thereof on relationships with customers, suppliers, employees or governmental authorities); (iv) changes or proposed changes in law, regulations or interpretations thereof or decisions by courts or any governmental authority; (v) changes or proposed changes in GAAP (or any interpretation thereof); (vi) any downturn in general economic conditions, including changes in the credit, debt, securities, financial, capital or reinsurance markets (including changes in interest or exchange rates or the price of any security, market index or commodity), in each case, in the United States or anywhere else in the world; (vii) events or conditions generally affecting the industries and markets in which the Counterparty operates; (viii) any failure to meet any projections, forecasts, estimates, budgets or financial or operating predictions of revenue, earnings, cash flow or cash position, provided that this clause (viii) shall not prevent a determination that any change, event, or occurrence underlying such failure (unless otherwise excluded by the other clauses of this proviso) has resulted in a Material Adverse Change; or (ix) any actions expressly required to be taken, or expressly required not to be taken, pursuant to the terms hereof; provided, however, that if a change or effect related to clause (ii) or clauses (iv) through (vii) disproportionately adversely affects the Counterparty and its subsidiaries, taken as a whole, compared to other Persons operating in the same industry as the Counterparty, then such disproportionate impact may be taken into account in determining whether a Material Adverse Change has occurred. |

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Governing Law: New York law (without reference to choice of law doctrine).

Credit Support Document: With respect to Seller and Counterparty, None.

Credit Support Provider: With respect to Seller and Counterparty, None.

Local Business Days: Seller specifies the following places for the purposes of the definition of Local Business Day as it applies to it: New York. <br>Counterparty specifies the following places for the purposes of the definition of Local Business Day as it applies to it: New York.

**<u>Representations, Warranties and Covenants</u>**

1. Each
 of Counterparty and Seller represents and warrants to, and covenants and agrees with, the other as of the date on which it enters
 into the Transaction that (in the absence of any written agreement between the parties that expressly imposes affirmative obligations
 to the contrary for the Transaction):

&nbsp;&nbsp;&nbsp;&nbsp;(a) *<u>Non-Reliance</u>.* It is acting for its own account, and it has made its own independent decisions to enter
 into the Transaction and as to whether the Transaction is appropriate or proper for it based
 upon its own judgment and upon advice from such advisers as it has deemed necessary. It is
 not relying on any communication (written or oral) of the other party as investment advice
 or as a recommendation to enter into the Transaction, it being understood that information
 and explanations related to the terms and conditions of the Transaction will not be considered
 investment advice or a recommendation to enter into the Transaction. No communication (written
 or oral) received from the other party will be deemed to be an assurance or guarantee as
 to the expected results of the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;(b) *<u>Assessment and Understanding</u>.* It is capable of assessing the merits of and understanding (on
 its own behalf or through independent professional advice), and understands and accepts,
 the terms, conditions and risks of the Transaction. It is also capable of assuming, and assumes,
 the risks of the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;(c) *<u>Non-Public Information</u>.* It is in compliance with Section 10(b) under the Securities Exchange
 Act of 1934, as amended (the "**Exchange Act** ").

&nbsp;&nbsp;&nbsp;&nbsp;(d) *<u>Eligible Contract Participant</u>.* It is an "eligible contract participant" under,
 and as defined in, the Commodity Exchange Act (7 U.S.C. § 1a(18)) and CFTC regulations
 (17 CFR § 1.3).

&nbsp;&nbsp;&nbsp;&nbsp;(e) *<u>Tax Characterization</u>* . It shall treat the Transaction as a derivative financial contract
 for U.S. federal income tax purposes, and it shall not take any action or tax return filing
 position contrary to this characterization.

&nbsp;&nbsp;&nbsp;&nbsp;(f) *<u>Private Placement</u>* . It (i) is an "accredited investor" as such term is defined
 in Regulation D as promulgated under the Securities Act, (ii) is entering into the Transaction
 for its own account without a view to the distribution or resale thereof and (iii) understands
 that the assignment, transfer or other disposition of the Transaction has not been and will
 not be registered under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;(g) *<u>Investment Company Act</u>* <u>.</u> It is not and, after giving effect to the Transaction, will not
 be required to register as an "investment company" under, and as such term is
 defined in, the Investment Company Act of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;(h) *<u>Authorization</u>.* The Transaction has been entered into pursuant to authority granted by its board of directors
 or other governing authority. It has no internal policy, whether written or oral, that would
 prohibit it from entering into any aspect of the Transaction, including, but not limited
 to, the purchase of Shares to be made in connection therewith.

2. Counterparty
 represents and warrants to, and covenants and agrees with Seller as of the date on which it enters into the Transaction that:

&nbsp;&nbsp;&nbsp;&nbsp;(a) *<u>Non-Reliance</u>.* Without limiting the generality of Section 13.1 of the Equity Definitions, Counterparty
 acknowledges that Seller is not making any representations or warranties or taking any position
 or expressing any view with respect to the treatment of the Transaction under any accounting
 standards.

&nbsp;&nbsp;&nbsp;&nbsp;(b) *<u>Solvency</u>* .
 Counterparty is, and shall be as of the date of any payment or delivery by Counterparty under
 the Transaction, solvent and able to pay its debts as they come due, with assets having a
 fair value greater than liabilities and with capital sufficient to carry on the businesses
 in which it engages. Counterparty: (i) has not engaged in and will not engage in any business
 or transaction after which the property remaining with it will be unreasonably small in relation
 to its business, (ii) has not incurred and does not intend to incur debts beyond its ability
 to pay as they mature, and (iii) as a result of entering into and performing its obligations
 under the Transaction, (a) it has not violated and will not violate any relevant state law
 provision applicable to the acquisition or redemption by an issuer of its own securities
 and (b) it would not be nor would it be rendered "insolvent" (as such term is
 defined under Section 101(32) of the Bankruptcy Code).

&nbsp;&nbsp;&nbsp;&nbsp;(c) *<u>Public Reports</u>.* As of the Trade Date, Counterparty is in material compliance with its reporting
 obligations under the Exchange Act, and all reports and other documents filed by Counterparty
 with the Securities and Exchange Commission pursuant to the Exchange Act, when considered
 as a whole (with the most recent such reports and documents deemed to amend inconsistent
 statements contained in any earlier such reports and documents), do not contain any untrue
 statement of a material fact or any omission of a material fact required to be stated therein
 or necessary to make the statements therein, in the light of the circumstances under which
 they were made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;(d) *<u>No Distribution</u>* . Counterparty is not entering into the Transaction to facilitate a distribution
 of the Shares (or any security that may be converted into or exercised or exchanged for Shares,
 or whose value under its terms may in whole or in significant part be determined by the value
 of the Shares) or in connection with any future issuance of securities.

&nbsp;&nbsp;&nbsp;&nbsp;(e) *<u>SEC Documents</u>* . The Counterparty shall make reasonable best efforts to comply with the
 Securities and Exchange Commission's Compliance and Disclosure Interpretation No. 166.01
 ()"**Interpretation 166.01**") for all relevant disclosure in connection with
 this Confirmation and the Transaction, and will not file with the Securities and Exchange
 Commission any Form 8-K, Registration Statement on Form S-4 (including any post- effective
 amendment thereof), proxy statement, or other document that includes any disclosure regarding
 this Confirmation or the Transaction without consulting with and reasonably considering any
 comments received from Seller, provided that, no consultation shall be required with respect
 to any subsequent disclosures that are substantially similar to prior disclosures by Counterparty
 that were reviewed by Seller.

3. Seller
 represents and warrants to, and covenants and agrees with Counterparty as of the date on which it enters into the Transaction and
 each other date specified that:

&nbsp;&nbsp;&nbsp;&nbsp;(a) *<u>Regulatory Filings</u>* . It, together with each other person in the Seller Group (as defined in "Other
 Provisions" below), is in compliance with all material regulatory filings relating
 to the Counterparty and the Transaction. Seller covenants that it will make all regulatory
 filings that it is required by law or regulation to make with respect to the Transaction
 including, without limitation, as may be required by Section 13 or Section 16 under the Exchange
 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(b) *<u>Shareholder Vote</u>* . Seller agrees to not vote any Shares it holds as of the applicable record date
 in connection with the Business Combination at any meeting of the Counterparty's shareholders
 (or to provide a written consent for that purpose with respect to such Shares) if it would
 be in violation of Interpretation 166.01 to do so.

&nbsp;&nbsp;&nbsp;&nbsp;(c) *<u>Shorting</u>* .
 Seller agrees not effect any Short Sales in respect of the Shares prior to the earlier of
 a) the Maturity Date and b) the cancellation of the Transaction. "Short Sales"
 means all "short sales" as defined in Rule 200 promulgated under Regulation SHO
 under the Exchange Act, whether or not against the box, and all types of direct and indirect
 stock pledges, forward sale contracts, options, puts, calls, short sales, swaps, "put
 equivalent positions" (as defined in Rule 16a-1(h) under the Exchange Act) and similar
 arrangements (including on a total return basis).

**<u>Transactions by Seller in the Shares</u>**

Seller hereby waives the redemption rights ("**Redemption Rights**") set forth in Counterparty's memorandum and articles of association in connection with the Business Combination with respect to the Public Shares save for any redemption following the Additional Termination Events set out in (c) and (d) in the Additional Termination Event section above.

**<u>No Arrangements</u>**

Seller and Counterparty each acknowledge and agree that: (i) there are no voting, hedging or settlement arrangements between Seller and Counterparty with respect to any Shares, other than those set forth herein; (ii) Counterparty will not be entitled to any voting rights in respect of any of the Shares underlying the Transaction; and (iii) Counterparty will not seek to influence Seller with respect to the voting of any Hedge Positions of Seller consisting of Shares.

**<u>Wall Street Transparency and Accountability Act</u>**

In connection with Section 739 of the Wall Street Transparency and Accountability Act of 2010 ("**WSTAA**"), the parties hereby agree that neither the enactment of WSTAA or any regulation under WSTAA, nor any requirement under WSTAA or an amendment made by WSTAA, nor any similar legal certainty provision in any legislation enacted, or rule or regulation promulgated, on or after the date of this Confirmation, shall limit or otherwise impair either party's otherwise applicable rights to terminate, renegotiate, modify, amend or supplement this Confirmation or the ISDA Form, as applicable, arising from a termination event, force majeure, illegality, increased costs, regulatory change or similar event under this Confirmation, the Equity Definitions incorporated herein, or the ISDA Form.

**<u>Address for Notices</u>**

**Notice to Seller:**

Harraden Circle Investments LLC

299 Park Avenue, 21st Floor

New York, NY 10171

Attention: Frederick V. Fortmiller, Jr.

Email: ffortmiller@harraden.com

*With a mandatory copy (which shall not constitute notice) to:*

Loeb & Loeb LLP

345 Park Avenue

New York, NY 10154

Attn: Giovanni Caruso

Telephone No.: (212) 407-4866

Email: gcaruso@loeb.com

**Notice to Counterparty:**

Chenghe Acquisition I Co.

38 Beach Road #29-11

South Beach Tower

Singapore

Attention: Richard Qi Li

Email: chenghe@chenghecap.com

richard.li@chenghecap.com

*with copies (which shall not constitute notice) to:*

 

White & Case LLP

1221 Avenue of the Americas<br> New York, NY, 10020-1095

The United States

Attention: Joel Rubinstein; Jessica Zhou; Steven Sha

Email: joel.rubinstein@whitecase.com; jessica.zhou@whitecase.com; steven.sha@whitecase.com

**Notice to Target:**

Femco Steel Technology Co., Ltd.

No. 3, Gongye 1st Rd., Minxiong Township, Chiayi County 621018, Taiwan <br> Attention: Marie Chao

Email: marie.chao@fstshafts.com.tw

*with copies (which shall not constitute notice) to:*

 

Landi Law Firm

15F-1, No. 105, Guo'an 1st Rd, Xitun District<br> Taichung City 407, Taiwan

Attention: Francis Chang<br> Email: FC@landilawyer.com.tw

**<u>Other Provisions.</u>**

(a) *<u>Rule 10b5-1</u>* .

&nbsp;&nbsp;&nbsp;&nbsp;(i) Counterparty
represents and warrants to Seller that Counterparty is not entering into the Transaction to create actual or apparent trading activity
in the Shares (or any security convertible into or exchangeable for the Shares) or to raise or depress or otherwise manipulate the price
of the Shares (or any security convertible into or exchangeable for the Shares) for the purpose of inducing the purchase or sale of such
securities or otherwise in violation of the Exchange Act, and Counterparty represents and warrants to Seller that Counterparty has not
entered into or altered, and agrees that Counterparty will not enter into or alter, any corresponding or hedging transaction or
position with respect to the Shares. Counterparty acknowledges that it is the intent of the parties that the Transaction comply with
the requirements of paragraphs (c)(1)(i)(A) and (B) of Rule 10b5-1 under the Exchange Act ()"**Rule 10b5-1**") and the
Transaction shall be interpreted to comply with the requirements of Rule 10b5-1(c).

&nbsp;&nbsp;&nbsp;&nbsp;(ii) Counterparty
 agrees that it will not seek to control or influence Seller's decision to make any
 "purchases or sales" (within the meaning of Rule 10b5-1(c)(1)(i)(B)(3)) under
 the Transaction, including, without limitation, Seller's decision to enter into any
 hedging transactions. Counterparty represents and warrants that it has consulted with its
 own advisors as to the legal aspects of its adoption and implementation of this Confirmation
 and the Transaction under Rule 10b5-1.

&nbsp;&nbsp;&nbsp;&nbsp;(iii) Counterparty
 acknowledges and agrees that any amendment, modification, waiver or termination of this Confirmation
 must be effected in accordance with the requirements for the amendment or termination of
 a "plan" as defined in Rule 10b5-1(c). Without limiting the generality of the
 foregoing, Counterparty acknowledges and agrees that any such amendment, modification, waiver
 or termination shall be made in good faith and not as part of a plan or scheme to evade the
 prohibitions of Rule 10b-5, and no such amendment, modification or waiver shall be made at
 any time at which Counterparty, or any officer, director, manager or similar person of Counterparty
 is aware of any material non-public information regarding Counterparty or the Shares.

(b) [  ***Reserved*** .]

(c) *<u>Transfer or Assignment</u>* . The rights and duties under this Confirmation may not be transferred or assigned by any party hereto without
 the prior written consent of the other party, such consent not to be unreasonably withheld, subject to the immediately following
 sentence. If at any time following the closing of the Business Combination at which (A) the Section 16 Percentage exceeds 9.9%, or
 (B) the Share Amount exceeds the Applicable Share Limit (if any applies) (any such condition described in clause (A) or (B), an "**Excess Ownership Position** "), Seller is unable to effect a transfer or assignment of a portion of the Transaction to a third party
 on pricing terms reasonably acceptable to Seller and within a time period reasonably acceptable to Seller such that no Excess Ownership
 Position exists, then Seller may designate any Exchange Business Day as an Early Termination Date with respect to a portion of the
 Transaction (the "**Terminated Portion** "), such that following such partial termination no Excess Ownership Position
 exists. In the event that Seller so designates an Early Termination Date with respect to a portion of the Transaction, a portion
 of the Shares with respect to the Transaction shall be delivered to Counterparty as if the Early Termination Date was the Valuation
 Date in respect of a Transaction having terms identical to the Transaction and a Number of Shares equal to the number of Shares underlying
 the Terminated Portion. The "**Section 16 Percentage**" as of any day is the fraction, expressed as a percentage,
 as determined by Seller, (A) the numerator of which is the number of Shares that Seller and each person subject to aggregation of
 Shares with Seller under Section 13 or Section 16 of the Exchange Act and rules promulgated thereunder and all persons who may form
 a "group" (within the meaning of Rule 13d-5(b)(1) of the Exchange Act) with Seller directly or indirectly beneficially
 own (as defined under Section 13 or Section 16 of the Exchange Act and rules promulgated thereunder) (the **"Seller Group**") and (B) the denominator of which is the number of Shares outstanding.

The "**Share Amount**" as of any day is the number of Shares that Seller and any person whose ownership position would be aggregated with that of Seller and any group (however designated) of which Seller is a member (Seller or any such person or group, a "Seller Person") under any law, rule, regulation, regulatory order or organizational documents or contracts of Counterparty that are, in each case, applicable to ownership of Shares ("**Applicable Restrictions**"), owns, beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a relevant definition of ownership under any Applicable Restriction, as determined by Seller in its sole discretion.

The "**Applicable Share Limit**" means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements under Section 16 of the Exchange Act including obtaining prior approval from any person or entity) of a Seller Person, or could result in an adverse effect on a Seller Person, under any Applicable Restriction, as determined by Seller in its sole discretion, *minus* (B) 0.1% of the number of Shares outstanding.

(d) *<u>Indemnification</u>* .
 Counterparty agrees to indemnify and hold harmless Seller, its affiliates and its assignees and their respective directors, officers,
 employees, agents and controlling persons (each such person being an "**Indemnified Party**") from and against any
 and all losses (but not including financial losses to an Indemnified Party relating to the economic terms of the Transaction provided
 that the Counterparty performs its obligations under this Confirmation in accordance with its terms), claims, damages and liabilities
 (or actions in respect thereof), joint or several, incurred by or asserted against such Indemnified Party arising out of, in connection
 with, or relating to, the execution or delivery of this Confirmation, the performance by Counterparty of its obligations under the
 Transaction, any breach of any covenant or representation made by Counterparty in this Confirmation or the ISDA Form, regulatory
 filings made by Counterparty related to the Transaction (other than as relates to any information provided by or on behalf of Seller
 or its affiliates), or the consummation of the transactions contemplated hereby; provided, however, that Counterparty has no indemnification
 obligations with respect to any loss, claim, damage, liability or expense related to the manner in which Seller sells, or arising
 out of any sales by Seller of, any Shares owned by Seller. Counterparty will not be liable under the foregoing indemnification provision
 to the extent that any loss, claim, damage, liability or expense is found in a nonappealable judgment by a court of competent jurisdiction
 to have resulted from Seller's material breach of any covenant, representation or other obligation in this Confirmation or
 the ISDA Form or from Seller's willful misconduct, gross negligence or bad faith in performing the services that are subject
 of the Transaction. If for any reason the foregoing indemnification is unavailable to any Indemnified Party or insufficient to hold
 harmless any Indemnified Party, then Counterparty shall contribute, to the maximum extent permitted by law, to the amount paid or
 payable by the Indemnified Party as a result of such loss, claim, damage or liability. In addition (and in addition to any other
 Reimbursement of Legal Fees and other Expenses contemplated by this Confirmation), Counterparty will reimburse any Indemnified Party
 for all reasonable, out-of-pocket, expenses (including reasonable counsel fees and expenses) as they are incurred in connection with
 the investigation of, preparation for or defense or settlement of any pending or threatened claim or any action, suit or proceeding
 arising therefrom, whether or not such Indemnified Party is a party thereto and whether or not such claim, action, suit or proceeding
 is initiated or brought by or on behalf of Counterparty. Counterparty also agrees that no Indemnified Party shall have any liability
 to Counterparty or any person asserting claims on behalf of or in right of Counterparty in connection with or as a result of any
 matter referred to in this Confirmation except to the extent that any losses, claims, damages, liabilities or expenses incurred by
 Counterparty result from such Indemnified Party's breach of any covenant, representation or other obligation in this Confirmation
 or the ISDA Form or from the gross negligence, willful misconduct or bad faith of the Indemnified Party or breach of any U.S. federal
 or state securities laws or the rules, regulations or applicable interpretations of the Securities and Exchange Commission. The provisions
 of this paragraph shall survive the completion of the Transaction contemplated by this Confirmation and any assignment and/or delegation
 of the Transaction made pursuant to the ISDA Form or this Confirmation shall inure to the benefit of any permitted assignee of Seller.

(e) *<u>Amendments to Equity Definitions</u>* .

&nbsp;&nbsp;&nbsp;&nbsp;(i) Section
 11.2(a) of the Equity Definitions is hereby amended by (i) replacing the words "a diluting
 or concentrative" with the word "an" and adding the phrase "or such
 Transaction" at the end thereof;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 first sentence of Section 11.2(c) of the Equity Definitions, prior to clause (A) thereof,
 is hereby amended to read as follows: '(c) If "Calculation Agent Adjustment"
 is specified as the Method of Adjustment in the related Confirmation of a Share Option Transaction
 or Share Forward Transaction, then, following the announcement or occurrence of any Potential
 Adjustment Event, the Calculation Agent will determine whether such Potential Adjustment
 Event has an economic effect on the Transaction and, if so, will (i) make appropriate adjustment(s),
 if any, to any one or more of:' and the portion of such sentence immediately preceding
 clause (ii) thereof is hereby amended by deleting the words "diluting or concentrative".

&nbsp;&nbsp;&nbsp;&nbsp;(iii) Section
 11.2(e)(vii) of the Equity Definitions is hereby amended by (i) replacing the words "a
 diluting or concentrative" with the word "an" and (ii) adding the phrase
 "or the relevant Transaction" at the end thereof;

&nbsp;&nbsp;&nbsp;&nbsp;(iv) Section
 12.6(a)(ii) of the Equity Definitions is hereby amended by (i) deleting from the fourth line
 thereof the word "or" after the word "official" and inserting a comma
 therefor, and (ii) deleting the semi-colon at the end of subsection (B) thereof and inserting
 the following words therefor "or (C) the occurrence of any of the events specified
 in Section 5(a)(vii)(1) through (9) of the ISDA Form with respect to that Issuer";

&nbsp;&nbsp;&nbsp;&nbsp;(v) Section
 12.6(c)(ii) of the Equity Definitions is hereby amended by replacing the words "the
 Transaction will be cancelled," in the first line with the words "Seller will
 have the right, which it must exercise or refrain from exercising, as applicable, in good
 faith acting in a commercially reasonable manner, to cancel the Transaction,"; and

&nbsp;&nbsp;&nbsp;&nbsp;(vi) Section
 12.9(b)(i) of the Equity Definitions is hereby amended by (i) replacing "either party
 may elect" with "Seller may elect" and (ii) replacing "notice to
 the other party" with "notice to Counterparty" in the first sentence of
 such section.

(f) *<u>Waiver of Jury Trial</u>* . Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by
 jury in respect of any suit, action or proceeding relating to the Transaction. Each party (i) certifies that no representative, agent
 or attorney of either party has represented, expressly or otherwise, that such other party would not, in the event of such a suit,
 action or proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other party have been induced to
 enter into the Transaction, as applicable, by, among other things, the mutual waivers and certifications provided herein.

(g) *<u>Attorney and Other Fees</u>* . In the event of any legal action initiated by any party arising under or out of, in connection with or in
 respect of, this Confirmation or the Transaction, the prevailing party shall be entitled to reasonable attorneys' fees, costs
 and expenses incurred in such action, as determined and fixed by the court.

(h) *<u>Tax Disclosure</u>* . Effective from the date of commencement of discussions concerning the Transaction, Counterparty and each of its
 employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment
 and tax structure of the Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to
 Counterparty relating to such tax treatment and tax structure.

(i) *<u>Securities Contract; Swap Agreement</u>* . The parties hereto intend for (i) the Transaction to be (a) a "securities contract"
 as defined in the Bankruptcy Code, in which case each payment and delivery made pursuant to the Transaction is a "termination
 value," "payment amount" or "other transfer obligation" within the meaning of Section 362 of the Bankruptcy
 Code and a "settlement payment," within the meaning of Section 546 of the Bankruptcy Code, and (b) a "swap agreement"
 as defined in the Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a "termination
 value," "payment amount" or "other transfer obligation" within the meaning of Section 362 of the Bankruptcy
 Code and a "transfer," as such term is defined in Section 101(54) of the Bankruptcy Code and a "payment or other
 transfer of property" within the meaning of Sections 362 and 546 of the Bankruptcy Code, and the parties hereto to be entitled
 to the protections afforded by, among other Sections, Sections 362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the Bankruptcy
 Code, (ii) a party's right to liquidate, terminate and accelerate the Transaction and to exercise any other remedies upon the
 occurrence of any Event of Default under the ISDA Form with respect to the other party to constitute a "contractual right"
 as described in the Bankruptcy Code, and (iii) each payment and delivery of cash, securities or other property hereunder to otherwise
 constitute a "margin payment" or "settlement payment" and a "transfer" as
 defined in the Bankruptcy Code.

(i) *<u>Process Agent</u>* .
 For the purposes of Section 13(c) of the ISDA Form:

Seller appoints as its Process Agent: None Counterparty appoints as its Process Agent: None.

*[Signature page follows]*

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of this Confirmation and returning it to us at your earliest convenience.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| **HARRADEN CIRCLE INVESTORS, LP<br> HARRADEN CIRCLE SPECIAL<br> OPPORTUNITIES, LP** | **HARRADEN CIRCLE INVESTORS, LP<br> HARRADEN CIRCLE SPECIAL<br> OPPORTUNITIES, LP** |
| By: | /s/ Frederick V. Fortmiller Jr. |
| Name: | Frederick V. Fortmiller Jr. |
| Title: | Authorized Signatory |

---

 

---

| | |
|:---|:---|
| Agreed and accepted by: | Agreed and accepted by: |
| **Chenghe Acquisition I Co.** | **Chenghe Acquisition I Co.** |
| By: | /s/ Shibin Wang |
| Name: | Shibin Wang |
| Title: | Chairman |
| **FST Corp.** | **FST Corp.** |
| By: | /s/ David Chuang |
| Name: | David Chuang |
| Title: | Director |

---

 

---

| | |
|:---|:---|
| **Femco Steel Technology Co., Ltd.** | **Femco Steel Technology Co., Ltd.** |
| By: | /s/ David Chuang |
| Name: | David Chuang |
| Title: | Chairma |

---

**SCHEDULE A**

**FORM OF PRICING DATE NOTICE**

**Date:** December [\*], 2024

**To:** Chenghe Acquisition I Co., a Cayman Islands exempted company with limited liability ("**Counterparty**")

**Address:**

**Phone:**

**From:** Harraden Circle Investors, LP, Harraden Circle Special Opportunities, LP (collectively "Seller")

**Re: OTC Equity Prepaid Forward Transaction**

&nbsp;&nbsp;&nbsp;&nbsp;1. This Pricing
 Date Notice supplements, forms part of, and is subject to the Confirmation Re: [Prepaid Share Forward
 Transaction] dated as of December, [\*] 2024 (the "**Confirmation**") between Counterparty
 and Seller, as amended and supplemented from time to time. All provisions contained in the Confirmation
 govern this Pricing Date Notice except as expressly modified below.

&nbsp;&nbsp;&nbsp;&nbsp;2. The purpose
 of this Pricing Date Notice is to confirm certain terms and conditions relating to the transaction described
 in the Confirmation.

Pricing Date: December [\*] , 2024

Number of Shares:[ ]

## Exhibit 10.2

**Exhibit 10.2**

**Date:** January 9<sup>th</sup>, 2026

---

| | |
|:---|:---|
| **To:** | FST Corp., a Cayman Islands exempted (the "**Counterparty**"), and Femco Steel Technology Co., Ltd., a company limited by shares incorporated and in existence under the laws of Taiwan with uniform commercial number of 04465819 (the "**Target**"). |

---

---

| | |
|:---|:---|
| **Address:** | 38 Beach Road #29-11 South Beach Tower Singapore |

---

---

| | |
|:---|:---|
| **From:** | Harraden Circle Investors, LP ("**HCI**"), (ii) Harraden Circle Special Opportunities, LP ("**HCSO**") (with HCI and HCSO collectively as "**Seller**") |

---

---

| | |
|:---|:---|
| **Re:** | Amendment No. 1 to Prepaid Share Forward |

---

The purpose of this amendment (this "**Amendment**") is to confirm the amended and restated terms and conditions of that certain Prepaid Share Forward (the "**Confirmation**") between the Counterparty, Target and Seller dated as of December 27, 2024. Capitalized terms used but not defined herein shall have the meanings given to such terms in the Confirmation.

1. <u>Amended and Restated Terms</u> 

The paragraph entitled "Valuation Date" in the Confirmation is hereby amended and restated as follows:

---

| | |
|:---|:---|
| Valuation Date: | The date that is [24-months] after the closing of the transactions between Counterparty and Target (the "**Business Combination**") pursuant to the Business Combination Agreement, dated as of December 22, 2023 (the "**Merger Agreement**") (the "**Maturity Date**"). |

---

2. <u>Other Provisions</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Ratification</u>. Except as expressly modified in Section 1 of this Amendment,
the Confirmation is hereby ratified and remains in full force and effect. To the extent there is any conflict between the terms of this
Amendment and the Confirmation, the terms of this Amendment shall govern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Disclosure</u>. The Counterparty shall preview with Seller all public
 disclosure relating to this Amendment and shall consult with Seller to ensure that such public disclosure, including the Form 8-K
 that announces this Amendment adequately discloses the material terms and conditions of this Amendment in form and substance
 reasonably acceptable to Seller (the "**Amendment 8-K Filing** "); provided that the Amendment 8-K Filing shall be
 publicly filed within one (1) Business Day after the date of this Amendment (the "**Amendment Cleansing Deadline** ")
 to ensure that Seller is not in possession of material non-public information as a result of the transactions outlined herein. From
 and after the Amendment Cleansing Deadline, the Counterparty shall have disclosed all material, non-public information (if any)
 provided to the Seller by the Counterparty or any of its subsidiaries or any of their respective officers, directors, employees or
 agents in connection with this Amendment. In addition, effective upon the Amendment Cleansing Deadline, the Counterparty
 acknowledges and agrees that any and all confidentiality or similar obligations under any agreement, whether written or oral,
 between the Counterparty, any of its subsidiaries or any of their respective officers, directors, affiliates, employees
or agents, on the one hand, and the Seller or any of its affiliates, on the other hand, shall terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Counterparts</u>. This Amendment may be executed in one or more electronic counterparts, all of which
taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Governing Law</u>. The provisions of this Amendment shall be governed by the laws of the State of
New York (without reference to choice of law doctrine).

*[Signature page follows]*

 

 

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| **HARRADEN CIRCLE INVESTORS, LP<br> HARRADEN CIRCLE SPECIAL<br> OPPORTUNITIES, LP** | **HARRADEN CIRCLE INVESTORS, LP<br> HARRADEN CIRCLE SPECIAL<br> OPPORTUNITIES, LP** |
| By: | <u>/s/ Frederick V. Fortmiller Jr.</u> |
| Name: | Frederick V. Fortmiller Jr. |
| Title: | Authorized Signatory |

---

 

---

| | |
|:---|:---|
| Agreed and accepted by: | Agreed and accepted by: |
| **FST CORP.** | **FST CORP.** |
| By: | <u>/s/ David Chuang</u> |
| Name: | David Chuang |
| Title: | CEO |
| **FEMCO STEEL TECHNOLOGY CO., LTD.** | **FEMCO STEEL TECHNOLOGY CO., LTD.** |
| By: | <u>/s/ David Chuang</u> |
| Name: | David Chuang |
| Title: | CEO |

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