Document:

Exhibit 10.3

 

SECURITY
AGREEMENT

 

SECURITY
AGREEMENT (this “Agreement”), dated as of August 9, 2022, by and between FINGERMOTION,
INC., a Delaware corporation (the “Company”) and LIND GLOBAL FUND II LP (the “Secured
Party”).

 

WHEREAS,
the Company (a) and the Secured Party have entered into that certain Securities Purchase Agreement dated as of the date hereof (as amended
and in effect from time to time, the “SPA”) and (b) issued to the Secured Party that certain Senior Secured Convertible
Promissory Note dated as of the date hereof (as amended and in effect from time to time, the “Note”); and

 

WHEREAS,
it is a condition precedent to the Secured Party agreeing to make loans or otherwise extend credit to the Company under the SPA and the
Note that the Company execute and deliver to the Secured Party a security agreement in substantially the form hereof; and

 

WHEREAS,
the Company wishes to grant security interests in favor of the Secured Party as herein provided;

 

NOW,
THEREFORE, in consideration of the promises contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

1.
Definitions.
All capitalized terms used herein without definitions shall have the respective meanings provided therefor in the SPA. All terms defined
in the Uniform Commercial Code of the State (as hereinafter defined) and used herein shall have the same definitions herein as specified
therein, however, if a term is defined in Article 9 of the Uniform Commercial Code of the State differently than in another Article of
the Uniform Commercial Code of the State, the term has the meaning specified in Article 9, and the following terms shall have the following
meanings:

 

“Event
of Default” means the occurrence of any “Event of Default” under and as defined in each of the SPA and the Note,
or the failure of the Company to comply with any term or covenant of any Transaction Document (including this Agreement) to which it
is a party.

 

“Guarantors”
means, collectively, each subsidiary of the Company which provides a guarantee of all or any portion of the Obligations of the Company
to the Secured Party, including, without limitation, subsidiaries.

 

“Lien”
means any mortgage, charge, pledge, hypothecation, security interest, assignment by way of security, lien (statutory or otherwise), encumbrance,
conditional sale agreement, capital lease, financing lease, deposit arrangement, title retention agreement, and any other agreement,
trust or arrangement that in substantial substance secures payment or performance of an obligation.

 

“Obligations”
means, collectively, (a) all debts, liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured
or unmatured, at any time or from time to time due or accruing due and owing by or otherwise payable by the Company or any Guarantor
to the Secured Party in any currency, under, in connection with or pursuant to the any Transaction Document (including, without limitation,
this Agreement), and whether incurred by the Company or any Guarantor alone or jointly with another or others and whether as principal,
guarantor or surety and in whatever name or style and (b) all expenses, costs and charges incurred by or on behalf of the Secured Party
in connection with any Transaction Document (including this Agreement) or the Collateral, including all legal fees, court costs, receiver’s
or agent’s remuneration and other expenses of taking possession of, repairing, protecting, insuring, preparing for disposition,
realizing, collecting, selling, transferring, delivering or obtaining payment for the Collateral, and of taking, defending or participating
in any action or proceeding in connection with any of the foregoing matters or otherwise in connection with the Secured Party’s
interest in any Collateral, whether or not directly relating to the enforcement of this Agreement or any other Transaction Document.

 

     

     

    

“Permitted
Lien” means any of the following: (a) mechanics and materialman Liens and other statutory Liens (including Liens for taxes,
fees, assessments and other governmental charges or levies) in respect of any amount (i) which is not at the time overdue or (ii) which
may be overdue but the validity of which is being contested at the time in good faith by appropriate proceedings, in each case so long
as the holder of such Lien has not taken any action to foreclose or otherwise exercise any remedies with respect to such Lien; and (b)
Liens which are permitted in writing by the Secured Party in its sole and absolute discretion.

 

“State”
means the State of New York.

 

“Transaction
Documents” has the meaning given in the SPA, provided that, for purposes of this Agreement such term shall not include the
Warrant.

 

2.
Grant of Security Interest.

 

2.1.
Grant; Collateral Description. The Company hereby grants to the Secured Party, to secure the payment and performance in full
of all of the Obligations, a security interest in and pledges and assigns to the Secured Party the following properties, assets and rights
of the Company, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof (all of the
same being hereinafter called the “Collateral”): all personal and fixture property of every kind and nature including
all goods (including inventory, equipment and any accessions thereto), instruments (including promissory notes), documents (whether tangible
or electronic), accounts (including health-care-insurance receivables), chattel paper (whether tangible or electronic), deposit accounts,
letter-of-credit rights (whether or not the letter of credit is evidenced by a writing), commercial tort claims, securities and all other
investment property, supporting obligations, any other contract rights or rights to the payment of money, insurance claims and proceeds,
and all general intangibles (including all payment intangibles).

 

2.2.
Commercial Tort Claims. The Secured Party acknowledges that the attachment of its security interest in any commercial tort
claim as original collateral is subject to the Company’s compliance with §4.7.

 

3.
Authorization to File Financing Statements.
The Company hereby irrevocably authorizes the Secured Party at any time and from time to time to file in the proper filing office in
any Uniform Commercial Code jurisdiction any initial financing statements and amendments thereto that (a) indicate the Collateral (i)
as all assets of the Company or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls
within the scope of Article 9 of the Uniform Commercial Code of the State or such jurisdiction, or (ii) as being of an equal or lesser
scope or with greater detail, and (b) provide any other information required by part 5 of Article 9 of the Uniform Commercial Code of
the State or such other jurisdiction for the sufficiency or filing office acceptance of any financing statement or amendment, including
whether the Company is an organization, the type of organization and any organizational identification number issued to the Company.
The Company agrees to furnish any such information to the Secured Party promptly upon the Secured Party’s reasonable request.

 

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4.
Other Actions.
Further to insure the attachment, perfection and first priority of, and the ability of the Secured Party to enforce, the Secured Party’s
security interest in the Collateral, the Company agrees, in each case at the Company’s expense, to take the following actions with
respect to the following Collateral and without limitation on the Company’s other obligations contained in this Agreement:

 

4.1.
Promissory Notes and Tangible Chattel Paper. If the Company shall, now or at any time hereafter, hold or acquire any
promissory notes or tangible chattel paper with an aggregate value for all such promissory notes or tangible chattel paper in excess
of $50,000, the Company shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of
transfer or assignment duly executed in blank as the Secured Party may from time to time specify.

 

4.2.
Deposit Accounts. For each deposit account that the Company, now or at any time hereafter, opens or maintains the Company
shall, at the Secured Party’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to the
Secured Party, either (a) cause the depositary bank to agree to comply without further consent of the Company, at any time with instructions
from the Secured Party to such depositary bank directing the disposition of funds from time to time credited to such deposit account,
or (b) arrange for the Secured Party to become the customer of the depositary bank with respect to the deposit account, with the Company
being permitted, only with the consent of the Secured Party, to exercise rights to withdraw funds from such deposit account. The Secured
Party agrees with the Company that the Secured Party shall not give any such instructions or withhold any withdrawal rights from the
Company, unless an Event of Default has occurred and is continuing, or, if effect were given to any withdrawal not otherwise permitted
by the Transaction Documents, would occur. The provisions of this paragraph shall not apply to any deposit accounts specially and exclusively
used (i) for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of the Company’s salaried
employees, (ii) as custodian, trust, fiduciary or other escrow account for the benefit of a third party which is permitted under the
Transaction Documents, and (iii) as petty cash accounts that collectively have an average daily balance at any time of less than $25,000.

 

4.3.
Investment Property. If the Company shall, now or at any time hereafter, hold or acquire any certificated securities,
the Company shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of transfer or
assignment duly executed in blank as the Secured Party may from time to time specify. If any securities now or hereafter acquired by
the Company are uncertificated and are issued to the Company or its nominee directly by the issuer thereof, the Company shall promptly
(but in any event within five Business Days) notify the Secured Party thereof and, at the Secured Party’s request and option, pursuant
to an agreement in form and substance reasonably satisfactory to the Secured Party, either (a) cause the issuer to agree to comply without
further consent of the Company or such nominee, at any time with instructions from the Secured Party as to such securities, or (b) arrange
for the Secured Party to become the registered owner of the securities. If any securities, whether certificated or uncertificated, or
other investment property now or hereafter acquired by the Company are held by the Company or its nominee through a securities intermediary
or commodity intermediary, the Company shall promptly (but in any event within five Business Days) notify the Secured Party thereof and,
at the Secured Party’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to the Secured
Party, either (i) cause such securities intermediary or (as the case may be) commodity intermediary to agree to comply, in each case
without further consent of the Company or such nominee, at any time with entitlement orders or other instructions from the Secured Party
to such securities intermediary as to such securities or other investment property, or (as the case may be) to apply any value distributed
on account of any commodity contract as directed by the Secured Party to such commodity intermediary, or (ii) in the case of financial
assets or other investment property held through a securities intermediary, arrange for the Secured Party to become the entitlement holder
with respect to such investment property, with the Company being permitted, only with the consent of the Secured Party, to exercise rights
to withdraw or otherwise deal with such investment property. The Secured Party agrees with the Company that the Secured Party shall not
give any such entitlement orders or instructions or directions to any such issuer, securities intermediary or commodity intermediary,
and shall not withhold its consent to the exercise of any withdrawal or dealing rights by the Company, unless an Event of Default has
occurred and is continuing, or, after giving effect to any such investment and withdrawal rights not otherwise permitted by the Transaction
Documents, would occur. The provisions of this paragraph shall not apply to any financial assets credited to a securities account for
which the Secured Party is the securities intermediary.

 

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4.4.
Collateral in the Possession of a Bailee. If any Collateral with an aggregate value in excess of $100,000 is, now or
at any time hereafter, in the possession of a bailee, the Company shall promptly notify the Secured Party thereof and, at the Secured
Party’s reasonable request and option, shall promptly obtain an acknowledgement from the bailee, in form and substance reasonably
satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and such bailee’s
agreement to comply, without further consent of the Company, at any time with instructions of the Secured Party as to such Collateral.

 

4.5.
Electronic Chattel Paper, Electronic Documents and Transferable Records. If the Company, now or at any time hereafter, holds
or acquires an interest in any Collateral that is electronic chattel paper, any electronic document or any “transferable record,”
as that term is defined in Section 201 of the federal Electronic Signatures in Global and National Commerce Act, or in §16 of the
Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Company shall promptly notify the Secured Party thereof
and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the
Secured Party control, under §9-105 of the Uniform Commercial Code of the State or any other relevant jurisdiction, of such electronic
chattel paper, control, under §7-106 of the Uniform Commercial Code of the State or any other relevant jurisdiction, of such electronic
document or control, under Section 201 of the federal Electronic Signatures in Global and National Commerce Act or, as the case may be,
§16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Secured Party
agrees with the Company that the Secured Party will arrange, pursuant to procedures satisfactory to the Secured Party and so long as
such procedures will not result in the Secured Party’s loss of control, for the Company to make alterations to the electronic chattel
paper, electronic document or transferable record permitted under UCC §9-105, UCC §7-106, or, as the case may be, Section 201
of the federal Electronic Signatures in Global and National Commerce Act or §16 of the Uniform Electronic Transactions Act for a
party in control to make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking
into account any action by the Company with respect to such electronic chattel paper, electronic document or transferable record. The
provisions of this §4.5 relating to electronic documents and “control” under UCC §7-106 apply in the event that
the 2003 revisions to Article 7, with amendments to Article 9, of the Uniform Commercial Code, in substantially the form approved by
the American Law Institute and the National Conference of Commissioners on Uniform State Laws, are now or hereafter adopted and become
effective in the State or in any other relevant jurisdiction.

 

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4.6.
Letter-of-Credit Rights. If the Company is, now or at any time hereafter, a beneficiary under a letter of credit with a stated
amount in excess of $25,000, or if the Company is a beneficiary under letters of credit not assigned to the Secured Party with an aggregate
stated amount in excess of $50,000, the Company shall promptly notify the Secured Party thereof and, at the request and option of the
Secured Party, the Company shall, pursuant to an agreement in form and substance reasonably satisfactory to the Secured Party, either
(a) arrange for the issuer and any confirmer of such letter of credit to consent to an assignment to the Secured Party of the proceeds
of the letter of credit or (b) arrange for the Secured Party to become the transferee beneficiary of the letter of credit.

 

4.7.
Commercial Tort Claims. If the Company shall, now or at any time hereafter, hold or acquire a commercial tort claim,
the Company shall promptly notify the Secured Party in a writing signed by the Company of the particulars thereof and grant to the Secured
Party in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing
to be in form and substance reasonably satisfactory to the Secured Party.

 

4.8.
Other Actions as to any and all Collateral. The Company further agrees, upon the request of the Secured Party and at the Secured
Party’s option, to take any and all other actions as the Secured Party may determine to be necessary or useful for the attachment,
perfection and first priority of, and the ability of the Secured Party to enforce, the Secured Party’s security interest in any
and all of the Collateral, including (a) executing, delivering and, where appropriate, filing financing statements and amendments relating
thereto under the Uniform Commercial Code of any relevant jurisdiction, to the extent, if any, that the Company’s signature thereon
is required therefor, (b) causing the Secured Party’s name to be noted as secured party on any certificate of title for a titled
good if such notation is a condition to attachment, perfection or priority of, or ability of the Secured Party to enforce, the Secured
Party’s security interest in such Collateral, (c) complying with any provision of any statute, regulation or treaty of the United
States as to any Collateral if compliance with such provision is a condition to attachment, perfection or priority of, or ability of
the Secured Party to enforce, the Secured Party’s security interest in such Collateral, (d) obtaining governmental and other third
party waivers, consents and approvals, in form and substance reasonably satisfactory to the Secured Party, including any consent of any
licensor, lessor or other Person obligated on Collateral, (e) at any time following and during the continuance of an Event of Default,
obtaining waivers from mortgagees and landlords of the Company’s primary place of business, in form and substance reasonably satisfactory
to the Secured Party and (f) taking all actions under any earlier versions of the Uniform Commercial Code or under any other law, as
reasonably determined by the Secured Party to be applicable in any relevant Uniform Commercial Code or other jurisdiction, including
any foreign jurisdiction.

 

5.
Representations and Warranties Concerning
a Company’s Legal Status. The Company
has, on the date hereof, delivered to the Secured Party a certificate signed by the Company and entitled “Perfection Certificate”
(the “Perfection Certificate”). The Company represents and warrants to the Secured Party as follows: as of the date
hereof (a) the Company’s exact legal name is that indicated on the Perfection Certificate and on the signature page hereof, (b)
the Company is an organization of the type, and is organized in the jurisdiction, set forth in the Perfection Certificate, (c) the Perfection
Certificate accurately sets forth the Company’s organizational identification number or accurately states that the Company has
none, (d) the Perfection Certificate accurately sets forth the Company’s place of business or, if more than one, its chief executive
office, as well as the Company’s mailing address, if different, (e) all other information set forth on the Perfection Certificate
pertaining to the Company is accurate and complete, and (f) there has been no material change in any of such information since the date
on which the Perfection Certificate was signed by the Company.

 

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6.
Covenants Concerning Company’s Legal
Status. The Company covenants with the Secured
Party as follows: (a) without providing at least ten days prior written notice to the Secured Party, the Company will not change its
name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number
if it has one, (b) if the Company does not have an organizational identification number and later obtains one, the Company will forthwith
notify the Secured Party of such organizational identification number, and (c) without providing at least ten days prior written notice
to the Secured Party, the Company will not change its type of organization, jurisdiction of organization or other legal structure.

 

7.
Representations and Warranties Concerning
Collateral, Etc. The Company further represents
and warrants to the Secured Party as follows: (a) the Company is the owner of or has other rights in or power to transfer the Collateral,
free from any right or claim of any Person or any adverse lien, except for the security interest created by this Agreement and the Permitted
Liens, (b) none of the account debtors or other Persons obligated on any of the Collateral is a governmental authority covered by the
Federal Assignment of Claims Act or like federal, state or local statute or rule in respect of such Collateral, (c) the Company holds
no commercial tort claim except as indicated on the Company’s Perfection Certificate, (d) all other information set forth on the
Company’s Perfection Certificate pertaining to the Collateral is accurate and complete, and (e) there has been no material change
in any of such information since the date on which the Company’s Perfection Certificate was signed by the Company.

 

8.
Covenants Concerning Collateral, Etc.
The Company further covenants with the Secured Party as follows: (a) other than inventory sold in the ordinary course of business consistent
with past practices, the Collateral, to the extent not delivered to the Secured Party pursuant to §4, will be kept at those locations
listed on the Perfection Certificate and the Company will not remove the Collateral from such locations, without providing at least ten
Business Days prior written notice to the Secured Party, (b) except for the security interest herein granted, the Company shall be the
owner of or have other rights in the Collateral free from any right or claim of any other Person or any Lien (other than Permitted Liens),
and the Company shall defend the same against all claims and demands of all Persons at any time claiming the same or any interests therein
adverse to the Secured Party, (c) other than in favor of the Secured Party or with respect to any Permitted Lien, the Company shall not
pledge, mortgage or create, or suffer to exist any right of any Person in or claim by any Person to the Collateral, or any Lien in the
Collateral in favor of any Person, or become bound (as provided in Section 9-203(d) of the Uniform Commercial Code of the State or any
other relevant jurisdiction or otherwise) by a security agreement in favor of any Person as secured party, (d) the Company will permit
the Secured Party, or its designee, upon advance written notice to the Company, to inspect the Collateral during normal business hours,
wherever located, (e) the Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral
or incurred in connection with the use or operation of the Collateral or incurred in connection with this Agreement, and (f) the Company
will not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral, or any interest therein except for, so
long as no Event of Default has occurred and is continuing, dispositions of obsolete or worn-out property, the granting of non-exclusive
licenses in the ordinary course of business, and the sale of inventory in the ordinary course of business consistent with past practices.

 

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9.
Collateral Protection Expenses; Preservation
of Collateral.

 

9.1.
Expenses Incurred by Secured Party. In the Secured Party’s discretion, the Secured Party may discharge taxes and other
encumbrances at any time levied or placed on any of the Collateral, and pay any necessary filing fees or insurance premiums, in each
case if the Company fails to do so. The Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured
Party shall have no obligation to the Company to make any such expenditures, nor shall the making thereof be construed as a waiver or
cure of any Event of Default.

 

9.2.
Secured Party’s Obligations and Duties. Anything herein to the contrary notwithstanding, the Company shall remain obligated
and liable under each contract or agreement comprised in the Collateral to be observed or performed by the Company thereunder. The Secured
Party shall not have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or
the receipt by the Secured Party of any payment relating to any of the Collateral, nor shall the Secured Party be obligated in any manner
to perform any of the obligations of the Company under or pursuant to any such contract or agreement, to make inquiry as to the nature
or sufficiency of any payment received by the Secured Party in respect of the Collateral or as to the sufficiency of any performance
by any party under any such contract or agreement, to present or file any claim, to take any action to enforce any performance or to
collect the payment of any amounts which may have been assigned to the Secured Party or to which the Secured Party may be entitled at
any time or times. The Secured Party’s sole duty with respect to the custody, safe keeping and physical preservation of the Collateral
in its possession, under §9-207 of the Uniform Commercial Code of the State or otherwise, shall be to deal with such Collateral
in the same manner as the Secured Party deals with similar property for its own account.

 

10.
Securities and Deposits.
The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option,
transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional
Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance
of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with
respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other
sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the
Obligations then due and owing.

 

11.
Notification to Account Debtors and Other
Persons Obligated on Collateral. If an Event
of Default shall have occurred and be continuing:

 

(a)
the Company shall, at the request and option of the Secured Party, notify account debtors and other Persons obligated on any of the Collateral
of the security interest of the Secured Party in any account, chattel paper, general intangible, instrument or other Collateral and that
payment thereof is to be made directly to the Secured Party or to any financial institution designated by the Secured Party as the Secured
Party’s agent therefor;

 

(b)
the Secured Party may itself, without notice to or demand upon the Company, so notify account debtors and other Persons obligated on
Collateral;

 

(c)
after the making of such a request or the giving of any such notification, the Company shall hold any proceeds of collection of accounts,
chattel paper, general intangibles, instruments and other Collateral received by the Company as trustee for the Secured Party, for the
benefit of the Secured Party, without commingling the same with other funds of the Company and shall turn the same over to the Secured
Party in the identical form received, together with any necessary endorsements or assignments; and

 

(d)
the Secured Party shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral
and received by the Secured Party to the payment of the Obligations, such proceeds to be immediately credited after final payment in
cash or other immediately available funds of the items giving rise to them.

 

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12.
Power of Attorney.

 

12.1.
Appointment and Powers of Secured Party. The Company hereby irrevocably constitutes and appoints the Secured Party and any
officer or agent thereof, with full power of substitution, as its true and lawful attorneys-in-fact with full irrevocable power and authority
in the place and stead of the Company or in the Secured Party’s own name, for the purpose of carrying out the terms of this Agreement,
to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or useful to accomplish
the purposes of this Agreement and, without limiting the generality of the foregoing, hereby gives said attorneys the power and right,
on behalf of the Company, without notice to or assent by the Company, to do the following:

 

(a)
upon the occurrence and during the continuance of an Event of Default, generally to sell, transfer, pledge, make any agreement with respect
to or otherwise dispose of or deal with any of the Collateral in such manner as is consistent with the Uniform Commercial Code of the
State or any other relevant jurisdiction and as fully and completely as though the Secured Party were the absolute owner thereof for
all purposes, and to do, at the Company’s expense, at any time, or from time to time, all acts and things which the Secured Party
deems necessary or useful to protect, preserve or realize upon the Collateral and the Secured Party’s security interest therein,
in order to effect the intent of this Agreement, all no less fully and effectively as the Company might do, including (i) upon written
notice to the Company, the exercise of voting rights with respect to voting securities, which rights may be exercised, if the Secured
Party so elects, with a view to causing the liquidation of assets of the issuer of any such securities and (ii) the execution, delivery
and recording, in connection with any sale or other disposition of any Collateral, of the endorsements, assignments or other instruments
of conveyance or transfer with respect to such Collateral; and

 

(b)
to the extent that the Company’s authorization given in §3 is not sufficient, to file such financing statements with respect
hereto, with or without the Company’s signature, or a photocopy of this Agreement in substitution for a financing statement, as
the Secured Party may deem appropriate and to execute in the Company’s name such financing statements and amendments thereto and
continuation statements which may require the Company’s signature.

 

12.2.
Ratification by Company. To the extent permitted by law, the Company hereby ratifies all that said attorneys shall lawfully
do or cause to be done by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

 

12.3.
No Duty on Secured Party. The powers conferred on the Secured Party hereunder are solely to protect the interests of the Secured
Party in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be
accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its
officers, directors, employees or agents shall be responsible to the Company for any act or failure to act, except for the Secured Party’s
own gross negligence or willful misconduct.

 

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13.
Rights and Remedies.

 

13.1.
General. If an Event of Default shall have occurred and be continuing, the Secured Party, without any other notice to or demand
upon the Company, shall have in any jurisdiction in which enforcement hereof is sought, in addition to all other rights and remedies,
the rights and remedies of a secured party under the Uniform Commercial Code of the State or any other relevant jurisdiction and any
additional rights and remedies as may be provided to a secured party in any jurisdiction in which Collateral is located, including the
right to take possession of the Collateral, and for that purpose the Secured Party may, so far as the Company can give authority therefor,
enter upon any premises on which the Collateral may be situated and remove the same therefrom. The Secured Party may in its discretion
require the Company to assemble all or any part of the Collateral at such location or locations within the jurisdiction(s) of the Company’s
principal office(s) or at such other locations as the Secured Party may reasonably designate. Unless the Collateral is perishable or
threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Secured Party shall give to the Company
at least ten (10) Business Days prior written notice of the time and place of any public sale of Collateral or of the time after which
any private sale or any other intended disposition is to be made. The Company hereby acknowledges that ten (10) Business Days prior written
notice of such sale or sales shall be reasonable notice. In addition, the Company waives any and all rights that it may have to a judicial
hearing in advance of the enforcement of any of the Secured Party’s rights and remedies hereunder, including its right following
an Event of Default to take immediate possession of the Collateral and to exercise its rights and remedies with respect thereto.

 

14.
Standards for Exercising Rights and Remedies.
To the extent that applicable law imposes duties on the Secured Party to exercise remedies in a commercially reasonable manner, the Company
acknowledges and agrees that it is not commercially unreasonable for the Secured Party (a) to fail to incur expenses reasonably deemed
significant by the Secured Party to prepare Collateral for disposition or otherwise to fail to complete raw material or work in process
into finished goods or other finished products for disposition, (b) to fail to obtain third party consents for access to Collateral to
be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection
or disposition of Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against account debtors or other
Persons obligated on Collateral or to fail to remove Liens on or any adverse claims against Collateral, (d) to exercise collection remedies
against account debtors and other Persons obligated on the Collateral directly or through the use of collection agencies and other collection
specialists, (e) to advertise dispositions of the Collateral through publications or media of general circulation, whether or not the
Collateral is of a specialized nature, (f) to contact other Persons, whether or not in the same business as the Company, for expressions
of interest in acquiring all or any portion of the Collateral, (g) to hire one or more professional auctioneers to assist in the disposition
of the Collateral, whether or not the collateral is of a specialized nature, (h) to dispose of the Collateral by utilizing Internet sites
that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or
that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition
warranties, (k) to purchase insurance or credit enhancements to insure the Secured Party against risks of loss, collection or disposition
of the Collateral or to provide to the Secured Party a guaranteed return from the collection or disposition of such Collateral, or (l)
to the extent deemed appropriate by the Secured Party, to obtain the services of brokers, investment bankers, consultants and other professionals
to assist the Secured Party in the collection or disposition of any of the Collateral. The Company acknowledges that the purpose of this
§14 is to provide non-exhaustive indications of what actions or omissions by the Secured Party would fulfill the Secured Party’s
duties under the Uniform Commercial Code of the State or any other relevant jurisdiction in the Secured Party’s exercise of remedies
against the Collateral and that other actions or omissions by the Secured Party shall not be deemed to fail to fulfill such duties solely
on account of not being indicated in this §14. Without limitation upon the foregoing, nothing contained in this §14 shall be
construed to grant any rights to the Company or to impose any duties on the Secured Party that would not have been granted or imposed
by this Agreement or by applicable law in the absence of this §14.

 

    9

     

    

15.
No Waiver by Secured Party, etc.
The Secured Party shall not be deemed to have waived any of its rights and remedies in respect of the Obligations or the Collateral unless
such waiver shall be in writing and signed by the Secured Party. No delay or omission on the part of the Secured Party in exercising
any right or remedy shall operate as a waiver of such right or remedy or any other right or remedy. A waiver on any one occasion shall
not be construed as a bar to or waiver of any right or remedy on any future occasion. All rights and remedies of the Secured Party with
respect to the Obligations or the Collateral, whether evidenced hereby or by any other instrument or papers, shall be cumulative and
may be exercised singularly, alternatively, successively or concurrently at such time or at such times as the Secured Party deems expedient.

 

16.
Suretyship Waivers by Company.
The Company waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral
received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to
both the Obligations and the Collateral, the Company assents to any extension or postponement of the time of payment or any other indulgence,
to any substitution, exchange or release of or failure to perfect any security interest in any such Collateral, to the addition or release
of any party or Person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising
or adjusting of any thereof, all in such manner and at such time or times as the Secured Party may deem advisable. The Secured Party
shall have no duty as to the collection or protection of the Collateral or any income therefrom, the preservation of rights against prior
parties, or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §9.2. The Company
further waives any and all other suretyship defenses.

 

17.
Marshaling.
The Secured Party shall not be required to marshal any present or future collateral security (including but not limited to the Collateral)
for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of
payment in any particular order, and all of the rights and remedies of the Secured Party hereunder and of the Secured Party in respect
of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however
existing or arising. To the extent that it lawfully may, the Company hereby agrees that it will not invoke any law relating to the marshaling
of collateral which might cause delay in or impede the enforcement of the Secured Party’s rights and remedies under this Agreement
or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by
which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, the Company
hereby irrevocably waives the benefits of all such laws.

 

18.
Proceeds of Dispositions; Expenses.
The Company shall pay to the Secured Party on demand any and all documented expenses, including reasonable attorneys’ fees and
disbursements, actually incurred or paid by the Secured Party in protecting or preserving the Secured Party’s rights and remedies
under or in respect of any of the Obligations or any of the Collateral and any such expenses actually incurred in releasing any security
interest granted hereunder and, in addition, the Company shall pay to the Secured Party on demand any and all documented expenses, including
reasonable attorneys’ fees and disbursements, actually incurred or paid by the Secured Party in enforcing the Secured Party’s
rights and remedies under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the
residue of any proceeds of collection or sale or other disposition of Collateral shall, to the extent actually received in cash, be applied
to the payment of the Obligations in such order or preference as is provided in the SPA, proper allowance and provision being made for
any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments
required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any excess shall be returned to the Company.
In the absence of final payment and satisfaction in full of all of the Obligations, the Company shall remain liable for any deficiency.

 

    10

     

    

19.
Overdue Amounts.
Until paid, all amounts due and payable by the Company hereunder shall be a debt secured by the Collateral and shall bear, whether before
or after judgment, interest at the rate of interest for overdue principal set forth in the Transaction Documents.

 

20.
Governing Law; Consent to Jurisdiction.
This Agreement IS A contract UNDER the laws of the state of NEW YORK and shall for all purposes
be construed in accordance with and governed by the laws of SAID state of NEW YORK. The Company and THE SECURED PARTY EACH agree that
any suit for the enforcement of this agreement or any other action brought by SUCH PERSON arising hereunder or in any way related to
this agreement SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK IN THE BOROUGH OF MANHATTAN OR ANY FEDERAL COURT
SITTING THEREIN AND CONSENTS TO THE NONEXCLUSIVE JURISDICTION OF SUCH COURT AND SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON SUCH
PERSON BY MAIL AT THE ADDRESS SPECIFIED ON THE SIGNATURE PAGE OF EACH PARTY HERETO. the Company
and THE SECURED PARTY EACH hereby waive any objection that it may now or hereafter have to the venue of any suit BROUGHT IN the state
of new york or any court SITTING THEREIN or that A suit BROUGHT THEREIN is brought in an inconvenient court.

 

21.
Waiver of Jury Trial.
THE COMPANY AND THE SECURED PARTY WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN
CONNECTION WITH THIS AGREEMENT, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THE PERFORMANCE OR ENFORCEMENT OF ANY SUCH RIGHTS OR OBLIGATIONS.
Except as prohibited by law, the Company and the Secured Party each waives any right which it may have to claim or recover in any litigation
referred to in the preceding sentence any special, exemplary, punitive or consequential damages or any damages other than, or in addition
to, actual damages. The Company (a) certifies that neither the Secured Party nor any representative, agent or attorney of the Secured
Party has represented, expressly or otherwise, that the Secured Party would not, in the event of litigation, seek to enforce the foregoing
waivers or other waivers contained in this Agreement and (b) acknowledges that, in entering into this Agreement and any other Transaction
Document to which the Secured Party is a party, the Secured Party is relying upon, among other things, the waivers and certifications
contained in this §21.

 

22.
Notices.
All notices, requests and other communications hereunder shall be made in the manner set forth in the SPA.

 

23.
Miscellaneous.
The headings of each section of this Agreement are for convenience only and shall not define or limit the provisions thereof. This Agreement
and all rights and obligations hereunder shall be binding upon the Company and its successors and assigns, and shall inure to the benefit
of the Secured Party and its successors and assigns. If any term of this Agreement shall be held to be invalid, illegal or unenforceable,
the validity of all other terms hereof shall in no way be affected thereby, and this Agreement shall be construed and be enforceable
as if such invalid, illegal or unenforceable term had not been included herein. The Company acknowledges receipt of a copy of this Agreement.

 

    11

     

    

24.
Release of Collateral. Upon
a sale, transfer or other disposition of any Collateral permitted by the Transaction Documents, such Collateral shall automatically be
released from the Liens created hereby, and all rights to such Collateral shall automatically revert to the Company; and Secured Party,
at the required and sole expense of the Company, shall promptly execute and deliver to the Company all releases or other documents reasonably
necessary or desirable for the release of the Liens created hereby on such Collateral. Secured Party agrees that upon payment in full
of all Obligations (other than contingent obligations not due and owing) and the termination of any applicable commitments pursuant to
the terms of the Transaction Documents, the security interests granted hereby shall, subject to the Secured Party’s rights of reinstatement
set forth in any Transaction Documents, automatically terminate and all rights to the Collateral shall automatically revert to the Company
without further action from any Person. Secured Party further agrees that upon any time following such termination of the security interests
or release of any Collateral, Secured Party shall, at the expense of the Company, execute and deliver to the Company such documents as
the Loan Parties shall reasonably request to evidence the termination of the security interests or the release of such Collateral, as
the case may be.

 

25.
Termination.
Upon indefeasible payment in cash and satisfaction in full of the Obligations (other than contingent obligations not due and owing) and
termination of all commitments relating thereto, Secured Party shall reassign, redeliver and release (or cause to be so reassigned, redelivered
and released), without recourse upon or warranty by Secured Party, and at the sole expense of the Company, to the Company, against receipt
therefor, such of the Collateral (if any) as shall not have been sold or otherwise applied by Secured Party pursuant to the terms hereof
and not theretofore reassigned, redelivered and released to the Company, together with appropriate instruments of reassignment and release.

 

[Signature
pages to follow]

 

    12

     

    

IN
WITNESS WHEREOF, intending to be legally bound, the Company has caused this Agreement to be duly executed as of the date first above
written.

 

	 	FINGERMOTION, INC.
	 	 	 
	 	By:	/s/
Martin J. Shen 
	 	Title: CEO

 

Accepted:

 

LIND
GLOBAL FUND II LP

By: Lind Global Partners II LLC, its general partner 

 

		By:	/s/
Jeff Easton	 

Title:
Jeff Easton, Managing Member

 

    13Exhibit 10.4

 

GUARANTY

 

GUARANTY,
dated as of August 9, 2022 (this “Guaranty”), made by each of the signatories hereto (together with any other entity
that may become a party hereto as provided herein, the “Guarantors”), in favor of Lind Global Fund II LLP, a Delaware
limited partnership (the “Investor), to that certain Securities Purchase Agreement, dated as of the date hereof, by and among Fingermotion,
Inc., a Delaware corporation (the “Company”) and the Investor, dated as of the date hereof (the “Purchase
Agreement”).

 

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Purchase Agreement, the Company has agreed to sell and issue to the Investor, and the Investor agreed to purchase from
the Company the Note, subject to the terms and conditions set forth therein; and

 

WHEREAS,
each Guarantor will directly benefit from the extension of the loans to the Company represented by the issuance of the Note.

 

NOW,
THEREFORE, in consideration of the premises and to induce the Investor to enter into the Purchase Agreement and to carry out the transactions
contemplated thereby; each Guarantor hereby agrees with the Investor as follows:

 

1.
Definitions. Unless otherwise defined herein, terms defined in the Purchase Agreement and used herein shall have the meanings
given to them in the Purchase Agreement. The words “hereof,” “herein,” “hereto”
and “hereunder” and words of similar import when used in this Guaranty shall refer to this Guaranty as a whole and
not to any particular provision of this Guaranty, and Section and Schedule references are to this Guaranty unless otherwise specified.
The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. The following
terms shall have the following meanings:

 

“Guaranty”
means this Guaranty, as the same may be amended, supplemented or otherwise modified from time to time.

 

“Obligations”
means, in addition to all other costs and expenses of collection incurred by Investor in enforcing any of such
“Obligations” (as defined in the Security Agreement) and/or this Guaranty, all of the liabilities and obligations
(primary, secondary, direct, contingent, sole, joint or several) due or to become due, or that are now or may be hereafter
contracted or acquired, or owing to, of the Company or any Guarantor to the Investor under this Guaranty, the Note and any other
instruments, agreements or other documents executed and/or delivered in connection herewith or therewith, in each case, whether now
or hereafter existing, voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or
not jointly owed with others, and whether or not from time to time decreased or extinguished and later increased, created or
incurred, and all or any portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is
avoided or recovered directly or indirectly from the Investor as a preference, fraudulent transfer or otherwise as such obligations
may be amended, supplemented, converted, extended or modified from time to time. Without limiting the generality of the foregoing,
the term “Obligations” shall include, without limitation: (i) principal of, and interest on the Note and the
loans extended pursuant thereto, (ii) any and all other fees, indemnities, costs, obligations and liabilities of the Company or any
Guarantor from time to time under or in connection with this Guaranty, the Note and any other instruments, agreements or other
documents executed and/or delivered in connection herewith or therewith, and (iii) all amounts (including but not limited to
post-petition interest) in respect of the foregoing that would be payable but for the fact that the obligations to pay such amounts
are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Company
or any Guarantor.

 

    1

     

    

2.
Guaranty.

 

(a)
Guaranty.

 

(i)
The Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantee to the Investor and its successors, indorsees,
transferees and assigns, the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or
otherwise) of the Obligations.

 

(ii)
Anything herein or in any other Transaction Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder
and under the other Transaction Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable
federal and state laws, including laws relating to the insolvency of debtors, fraudulent conveyance or transfer or laws affecting the
rights of creditors generally (after giving effect to the right of contribution established in Section 2(b)).

 

(iii)
Each Guarantor agrees that the Obligations may at any time and from time to time exceed the amount of the liability of such Guarantor
hereunder without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of the Investor hereunder.

 

(iv)
The guarantee contained in this Section 2 shall remain in full force and effect until all the Obligations and the obligations
of each Guarantor under the guarantee contained in this Section 2 shall have been satisfied by indefeasible payment in full.

 

    2

     

    

(v)
No payment made by the Company, any of the Guarantors, any other guarantor or any other Person or received or collected by the Investor
from the Company, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off
or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to
modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other
than any payment made by such Guarantor in respect of the Obligations or any payment received or collected from such Guarantor in respect
of the Obligations), remain liable for the Obligations up to the maximum liability of such Guarantor hereunder until the Obligations
are indefeasibly paid in full.

 

(vi)
Notwithstanding anything to the contrary in this Guaranty, with respect to any defaulted non-monetary Obligations the specific performance
of which by the Guarantors is not reasonably possible (e.g., the issuance of the Company’s Common Stock), the Guarantors shall
only be liable for making the Investor whole on a monetary basis for the Company’s failure to perform such Obligations in accordance
with the Transaction Documents.

 

(b)
Right of Contribution. Subject to Section 2(c), each Guarantor hereby agrees that to the extent that a Guarantor shall
have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution
from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right
of contribution shall be subject to the terms and conditions of Section 2(c). The provisions of this Section 2(b) shall
in no respect limit the obligations and liabilities of any Guarantor to the Investor and each Guarantor shall remain liable to the Investor
for the full amount guaranteed by such Guarantor hereunder until the indefeasible repayment in full of all amounts owed under the Purchase
Agreement, the Note and the other Transaction Documents.

 

(c) No
Subrogation. Notwithstanding any payment made by any Guarantor hereunder or any set-off or application of funds of any Guarantor
by the Investor, no Guarantor shall be entitled to be subrogated to any of the rights of the Investor against the Company or any
other Guarantor or any collateral security or guarantee or right of offset held by the Investor for the payment of the Obligations,
nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any other Guarantor in
respect of payments made by such Guarantor hereunder, until all amounts owing to the Investor by the Company on account of the
Obligations are indefeasibly paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any
time when all of the Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the
Investor, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the
Investor in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Investor, if required), to be applied
against the Obligations, whether matured or unmatured, in such order as the Investor may determine.

 

    3

     

    

(d)
Amendments, Etc. With Respect to the Obligations. Each Guarantor shall remain obligated hereunder notwithstanding that, without
any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any
of the Obligations made by the Investor may be rescinded by the Investor and any of the Obligations continued, and the Obligations, or
the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with
respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived,
surrendered or released by the Investor, and the Purchase Agreement and the other Transaction Documents and any other documents executed
and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Investor may
deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Investor for the
payment of the Obligations may be sold, exchanged, waived, surrendered or released. The Investor shall have no obligation to protect,
secure, perfect or insure any Lien at any time held by them as security for the Obligations or for the guarantee contained in this Section
2 or any property subject thereto.

 

(e) Guaranty
Absolute and Unconditional. Each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of
the Obligations and notice of or proof of reliance by the Investor upon the guarantee contained in this Section 2 or
acceptance of the guarantee contained in this Section 2; the Obligations, and any of them, shall conclusively be deemed to
have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section
2; and all dealings between the Company and any of the Guarantors, on the one hand, and the Investor, on the other hand,
likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section
2. Each Guarantor waives to the extent permitted by law diligence, presentment, protest, demand for payment and notice of
default or nonpayment to or upon the Company or any of the Guarantors with respect to the Obligations. Each Guarantor understands
and agrees that the guarantee contained in this Section 2 shall be construed as a continuing, absolute and unconditional
guarantee of payment and performance without regard to: (a) the validity or enforceability of the Purchase Agreement or any other
Transaction Document, any of the Obligations or any other collateral security therefor or guarantee or right of offset with respect
thereto at any time or from time to time held by the Investor, (b) any defense, set-off or counterclaim (other than a defense of
payment or performance or fraud by Investor) which may at any time be available to or be asserted by the Company or any other Person
against the Investor, or (c) any other circumstance whatsoever (with or without notice to or knowledge of the Company or such
Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Company for the
Obligations, or of such Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other instance.
When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, the Investor may,
but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as they may have against
the Company, any other Guarantor or any other Person or against any collateral security or guarantee for the Obligations or any
right of offset with respect thereto, and any failure by the Investor to make any such demand, to pursue such other rights or
remedies or to collect any payments from the Company, any other Guarantor or any other Person or to realize upon any such collateral
security or guarantee or to exercise any such right of offset, or any release of the Company, any other Guarantor or any other
Person or any such collateral security, guarantee or right of offset, shall not relieve any Guarantor of any obligation or liability
hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the
Investor against any Guarantor. For the purposes hereof, “demand” shall include the commencement and continuance
of any legal proceedings.

 

    4

     

    

(f)
Reinstatement. The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case
may be, if at any time payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned
by the Investor upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company or any Guarantor, or upon
or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Company or any
Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made.

 

(g)
Payments. Each Guarantor hereby guarantees that payments hereunder will be paid to the Investor without set-off or counterclaim
in U.S. dollars at the address set forth or referred to in the Signature Pages to the Purchase Agreement.

 

3.
Representations and Warranties. Each Guarantor hereby makes the following representations and warranties to Investor as of the
date hereof:

 

(a)
Organization and Qualification. The Guarantor is duly organized, validly existing and in good standing under the laws of the applicable
jurisdiction set forth on Schedule 1, with the requisite corporate power and authority to own and use its properties and assets
and to carry on its business as currently conducted. Except for contractually controlled entities, the Company has no subsidiaries other
than (1) Finger Motion Company Limited (2) Finger Motion (CN) Global Limited, (3) Finger Motion (CN) Limited, (4) Shanghai JiuGe Business
Management Co., Ltd., (5) Finger Motion Financial Company Limited and (6) Finger Motion Financial Company Limited. The Guarantor is duly
qualified to do business and is in good standing as a foreign corporation in each jurisdiction in which the nature of the business conducted
or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case
may be, could not, individually or in the aggregate, (x) adversely affect the legality, validity or enforceability of any of this Guaranty
in any material respect, (y) have a material adverse effect on the results of operations, assets, prospects, or financial condition of
the Guarantor, or (z) adversely impair in any material respect the Guarantor’s ability to perform fully on a timely basis its obligations
under this Guaranty (a “Material Adverse Effect”).

 

    5

     

    

(b)
Authorization; Enforcement. The Guarantor has the requisite corporate power and authority to enter into and to consummate the
transactions contemplated by this Guaranty, and otherwise to carry out its obligations hereunder. The execution and delivery of this
Guaranty by the Guarantor and the consummation by it of the transactions contemplated hereby have been duly authorized by all requisite
corporate action on the part of the Guarantor. This Guaranty has been duly executed and delivered by the Guarantor and constitutes the
valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting
generally the enforcement of, creditors’ rights and remedies or by other equitable principles of general application.

 

(c)
No Conflicts. The execution, delivery and performance of this Guaranty by the Guarantor and the consummation by the Guarantor
of the transactions contemplated thereby do not and will not: (i) conflict with or violate any provision of its Certificate of Incorporation
or By-laws or (ii) conflict with, constitute a default (or an event which with notice or lapse of time or both would become a default)
under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument
to which the Guarantor is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment, injunction, decree or
other restriction of any court or governmental authority to which the Guarantor is subject (including Federal and State securities laws
and regulations), or by which any material property or asset of the Guarantor is bound or affected, except in the case of each of clauses
(ii) and (iii), such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as could not, individually
or in the aggregate, have or result in a Material Adverse Effect. The business of the Guarantor is not being conducted in violation of
any law, ordinance or regulation of any governmental authority, except for violations which, individually or in the aggregate, do not
have a Material Adverse Effect.

 

    6

     

    

(d)
Consents and Approvals. The Guarantor is not required to obtain any consent, waiver, authorization or order of, or make any filing
or registration with, any court or other federal, state, local, foreign or other governmental authority or other person in connection
with the execution, delivery and performance by the Guarantor of this Guaranty.

 

(e)
Purchase Agreement. The representations and warranties of the Company set forth in the Purchase Agreement as they relate to such
Guarantor, each of which is hereby incorporated herein by reference, are true and correct as of each time such representations are deemed
to be made pursuant to such Purchase Agreement, and the Investor shall be entitled to rely on each of them as if they were fully set
forth herein, provided that each reference in each such representation and warranty to the Company’s knowledge shall, for the purposes
of this Section 3, be deemed to be a reference to such Guarantor’s knowledge.

 

(f)
Foreign Law. Each Guarantor has consulted with appropriate foreign legal counsel with respect to any of the above representations
for which non-U.S. law is applicable. Such foreign counsel has advised each applicable Guarantor that such counsel knows of no reason
why any of the above representations would not be true and accurate. Such foreign counsel was provided with copies of this Guaranty and
the Transaction Documents prior to rendering their advice.

 

4.
Covenants.

 

(a)
Each Guarantor covenants and agrees with the Investor that, from and after the date of this Guaranty until the Obligations shall have
been indefeasibly paid in full, such Guarantor shall take, and/or shall refrain from taking, as the case may be, each commercially reasonable
action that is necessary to be taken or not taken, as the case may be, so that no Event of Default (as defined in the Note) is caused
by the failure to take such action or to refrain from taking such action by such Guarantor.

 

(b)
So long as any of the Obligations are outstanding, unless Investor shall otherwise consent in writing, each Guarantor will not directly
or indirectly on or after the date of this Guaranty:

 

i.
other than Permitted Indebtedness (as defined in the Note), enter into, create, incur, assume or suffer to exist any indebtedness for
borrowed money of any kind, including but not limited to, a guarantee, on or with respect to any of its property or assets now owned
or hereafter acquired or any interest therein or any income or profits therefrom;

 

    7

     

    

ii.
other than Permitted Liens (as defined in the Security Agreement), enter into, create, incur, assume or suffer to exist any liens of
any kind, on or with respect to any of its property or assets now owned or hereafter acquired or any interest therein or any income or
profits therefrom;

 

iii.
amend its certificate of incorporation, bylaws or other charter documents so as to adversely affect any rights of the Investor;

 

iv.
repay, repurchase or offer to repay, repurchase or otherwise acquire more than a de minimis number of shares of its securities
or debt obligations;

 

v.
pay cash dividends on any equity securities of such Guarantor other than dividends paid to another Guarantor or to the Company;

 

vi.
enter into any transaction with any Affiliate of the Guarantor which would be required to be disclosed in any public filing of the Company
with the Commission, unless such transaction is made on an arm’s-length basis and expressly approved by a majority of the disinterested
directors of the Company (even if less than a quorum otherwise required for board approval); or

 

vii.
enter into any agreement with respect to any of the foregoing.

 

5.
Miscellaneous.

 

(a)
Amendments in Writing. None of the terms or provisions of this Guaranty may be waived, amended, supplemented or otherwise modified
except in writing by the Investor.

 

(b)
Notices. All notices, requests and demands to or upon the Investor or any Guarantor hereunder shall be effected in the manner
provided for in the Purchase Agreement, provided that any such notice, request or demand to or upon any Guarantor shall be addressed
to such Guarantor at its notice address set forth on Schedule 1.

 

(c) No
Waiver By Course Of Conduct; Cumulative Remedies. The Investor shall not by any act (except by a written instrument pursuant to Section
5(a)), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in
any default under the Transaction Documents or Event of Default. No failure to exercise, nor any delay in exercising, on the part of
the Investor, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right,
power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or
privilege. A waiver by the Investor of any right or remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Investor would otherwise have on any future occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by
law.

 

    8

     

    

(d)
Enforcement Expenses; Indemnification.

 

(i)
Each Guarantor agrees to pay, or reimburse the Investor for, all its costs and expenses incurred in collecting against such Guarantor
under the guarantee contained in Section 2 or otherwise enforcing or preserving any rights under this Guaranty and the other Transaction
Documents to which such Guarantor is a party, including, without limitation, the reasonable fees and disbursements of counsel to the
Investor.

 

(ii)
Each Guarantor agrees to pay, and to save the Investor harmless from, any and all liabilities with respect to, or resulting from any
delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable in connection with
any of the transactions contemplated by this Guaranty.

 

(iii)
Each Guarantor agrees to pay, and to save the Investor harmless from, any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Guaranty to the extent the Company would be required to do so pursuant to the Purchase
Agreement.

 

(iv)
The agreements in this Section shall survive repayment of the Obligations and all other amounts payable under the Purchase Agreement
and the other Transaction Documents.

 

(e)
Successor and Assigns. This Guaranty shall be binding upon the successors and assigns of each Guarantor and shall inure to the
benefit of the Investor and its successors and assigns; provided that no Guarantor may assign, transfer or delegate any of its rights
or obligations under this Guaranty without the prior written consent of the Investor.

 

(f) Set-Off.
Each Guarantor hereby irrevocably authorizes the Investor at any time and from time to time while an Event of Default under any of
the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such
notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or
claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or
owing by to the Investor to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Investor
may elect, against and on account of the obligations and liabilities of such Guarantor to the Investor hereunder and claims of every
nature and description of the Investor against such Guarantor, in any currency, whether arising hereunder, under the Purchase
Agreement, any other Transaction Document or otherwise, as the Investor may elect, whether or not the Investor has made any demand
for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Investor shall notify such
Guarantor promptly of any such set-off and the application made by the Investor of the proceeds thereof, provided that the failure
to give such notice shall not affect the validity of such set-off and application. The rights of the Investor under this Section are
in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Investor may
have.

 

    9

     

    

(g)
Counterparts. This Guaranty may be executed by one or more of the parties to this Guaranty on any number of separate counterparts
(including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

 

(h)
Severability. Any provision of this Guaranty which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

(i)
Section Headings. The Section headings used in this Guaranty are for convenience of reference only and are not to affect the construction
hereof or be taken into consideration in the interpretation hereof.

 

(j)
Integration. This Guaranty and the other Transaction Documents represent the agreement of the Guarantors and the Investor with
respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Investor
relative to subject matter hereof and thereof not expressly set forth or referred to herein or in the other Transaction Documents.

 

(k) Governing
Laws. All questions concerning the construction, validity, enforcement and interpretation of this Guaranty shall be governed by
and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of
conflicts of law thereof. Each of the Company and the Guarantors agree that all proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Guaranty (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state
and federal courts sitting in the City of New York, Borough of Manhattan. Each of the Company and the Guarantors hereby irrevocably
submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan for the
adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and
hereby irrevocably waives, and agrees not to assert in any proceeding, any claim that it is not personally subject to the
jurisdiction of any such court, that such proceeding is improper. Each party hereto hereby irrevocably waives personal service of
process and consents to process being served in any such proceeding by mailing a copy thereof via registered or certified mail or
overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Guaranty and
agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall
be deemed to limit in any way any right to serve process in any manner permitted by law. Each party hereto hereby irrevocably
waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of
or relating to this Guaranty or the transactions contemplated hereby.

 

    10

     

    

(l)
Acknowledgements. Each Guarantor hereby acknowledges that:

 

(i)
it has been advised by counsel in the negotiation, execution and delivery of this Guaranty and the other Transaction Documents to which
it is a party;

 

(ii)
the Investor has no fiduciary relationship with or duty to any Guarantor arising out of or in connection with this Guaranty or any of
the other Transaction Documents, and the relationship between the Guarantors, on the one hand, and the Investor, on the other hand, in
connection herewith or therewith is solely that of debtor and creditor; and

 

(iii)
no joint venture is created hereby or by the other Transaction Documents or otherwise exists by virtue of the transactions contemplated
hereby among the Guarantors and the Investor.

 

(m)
Additional Guarantors. The Company shall cause each of its subsidiaries formed or acquired on or subsequent to the date hereof
to become a Guarantor for all purposes of this Guaranty by executing and delivering an Assumption Agreement in the form of Annex 1
hereto.

 

(n)
Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment
in full of all amounts owed under the Purchase Agreement, the Note and the other Transaction Documents.

 

    11

     

    

(o)
Seniority. The Obligations of each of the Guarantors hereunder rank senior in priority to any other indebtedness of such Guarantor.

 

(p)
WAIVER OF JURY TRIAL. EACH GUARANTOR AND, BY
ACCEPTANCE OF THE BENEFITS HEREOF, THE PURCHASERS, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR
PROCEEDING RELATING TO THIS GUARANTY AND FOR ANY COUNTERCLAIM THEREIN.

 

*********************

 

 

(Signature
Pages Follow)

 

    12

     

    

IN
WITNESS WHEREOF, each of the undersigned has caused this Guaranty to be duly executed and delivered as of the date first above written.

 

FINGER
MOTION COMPANY LIMITED

 

		By:	/s/
Wong Hsien Loong	 

Name:
Wong Hsien Loong

Title:
Director

 

FINGER
MOTION (CN) GLOBAL LIMITED

 

		By:	/s/
Wong Hsien Loong	 

Name:
Wong Hsien Loong

Title:
Director

 

FINGER
MOTION (CN) LIMITED

 

		By:	/s/
Wong Hsien Loong	 

Name:
Wong Hsien Loong

Title:
Director

 

SHANGHAI
JIUGE BUSINESS MANAGEMENT CO., LTD.

 

		By:	/s/
Wong Hsien Loong	 

Name:
Wong Hsien Loong

Title:
Director

 

FINGER
MOTION FINANCIAL GROUP LIMITED

 

		By:	/s/
Wong Hsien Loong	 

Name:
Wong Hsien Loong

Title:
Director

 

FINGER
MOTION FINANCIAL COMPANY LIMITED

 

		By:	/s/
Wong Hsien Loong	 

Name:
Wong Hsien Loong

Title:
Director

 

    13

     

    

SCHEDULE
1

 

GUARANTORS

 

The
following are the names, notice addresses and jurisdiction of organization of each Guarantor.

 

	Name	Notice
    Addresses	Jurisdiction
    of Organization
	Finger
    Motion Company Limited	FingerMotion,
    Inc., c/o McMillan LLP.

                                                                                                                                                             

    Royal
Centre, 1055 W. Georgia Street, Suite 1500, PO Box 11117, Vancouver, BC V6E 4N7
	Hong
    Kong
	Finger
    Motion (CN) Global Limited	Same
    as above	Samoa
	Finger
    Motion (CN) Limited 	Same
    as above	Hong
    Kong
	Shanghai
    JiuGe Business Management Co., Ltd.	Same
    as above	PRC
	Finger
    Motion Financial Group Limited	Same
    as above	Samoa
	Finger
    Motion Financial Company Limited	Same
    as above	Hong
    Kong

 

    14

     

    

Annex
1 to

GUARANTY

 

ASSUMPTION
AGREEMENT, dated as of                       ,                
  made by                                                   ,
a                       corporation
(the “Additional Guarantor”), in favor of Lind Global Fund II LP pursuant to the Purchase Agreement referred to below.
All capitalized terms not defined herein shall have the meaning ascribed to them in such Purchase Agreement.

 

W
I T N E S S E T H :

 

WHEREAS,
Fingermotion, Inc., a Delaware corporation (the “Company”), and Lind Global Fund II LP have entered into that certain
Securities Purchase Agreement, dated as of August 9, 2022 (as amended, supplemented or otherwise modified from time to time, the “Purchase
Agreement”);

 

WHEREAS,
in connection with the Purchase Agreement, the Subsidiaries of the Company have entered into the Guaranty, dated as of August 9, 2022
(as amended, supplemented or otherwise modified from time to time, the “Guaranty”) in favor of Lind Global Fund II
LP;

 

WHEREAS,
the Purchase Agreement requires the Additional Guarantor to become a party to the Guaranty; and

 

WHEREAS,
the Additional Guarantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Guaranty;

 

NOW,
THEREFORE, IT IS AGREED:

 

1.
Guaranty. By executing and delivering this Assumption Agreement, the Additional Guarantor, as provided in Section 5(m)
of the Guaranty, hereby becomes a party to the Guaranty as a Guarantor thereunder with the same force and effect as if originally named
therein as a Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities
of a Guarantor thereunder. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedule
1 to the Guaranty. The Additional Guarantor hereby represents and warrants that each of the representations and warranties contained
in Section 3 of the Guaranty is true and correct on and as the date hereof as to such Additional Guarantor (after giving effect
to this Assumption Agreement) as if made on and as of such date.

 

2.
Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK.

 

    15

     

    

IN
WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written.

 

[ADDITIONAL
GUARANTOR]

 

	By:	 	

Name:

Title:

 

    16

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