Document:

Exhibit
10.4

 

FORM
OF SPONSOR SUPPORT AND LOCK-UP AGREEMENT

 

This
SPONSOR SUPPORT AND LOCK-UP AGREEMENT, dated as of August 25, 2022, (this “Agreement”), is made
and entered into by and among Avanseus Holdings Pte. Ltd., a Singapore private company limited by shares, with company registration
number 201526265R (the “Company”), Fat Projects Acquisition Corp., an exempted company limited by shares incorporated
under the laws of the Cayman Islands (“Acquiror”), and Fat Projects SPAC Pte. Ltd., a Singapore private company
limited by shares with company registration number 202108160N (“Sponsor”).

 

WHEREAS,
the Company and Acquiror are concurrently herewith entering into a Business Combination Agreement (as the same may be amended, restated
or supplemented from time to time, the “Business Combination Agreement”), whereby among other matters, the Company
Shareholders will exchange all of the issued and outstanding share capital of the Company for Acquiror Class A ordinary Shares, making
the Company a wholly owned subsidiary of Acquiror (the “Share Exchange”), and in connection with the Share Exchange,
the Company Shareholders will be required to execute and deliver to Acquiror duly executed Share Exchange Agreements in the form attached
as Exhibit I to the Business Combination Agreement;

 

WHEREAS,
Sponsor is, as of the date of this Agreement, the sole legal owner of such number of Acquiror Shares and Acquiror Warrants set forth
opposite Sponsor’s name on Schedule A hereto (such Acquiror Shares, together with any Acquiror Shares (a) issued
or otherwise distributed to Sponsor pursuant to any stock dividend or distribution, (b) resulting from any change in any of the Acquiror
Shares by reason of any share split, recapitalization, combination, exchange of shares or the like, (c) the legal ownership of which
is acquired by Sponsor, including by exchange or conversion of any other security, or (d) as to which Sponsor acquires the right to vote
or share in the voting, in each case after the date of this Agreement and during the term of this Agreement being collectively referred
to herein as the “Subject Shares”); and

 

WHEREAS,
as a condition to their willingness to enter into the Business Combination Agreement, Acquiror, the Company have requested that Sponsor
enter into this Agreement;

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein contained, and for other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

 

		1.	DEFINITIONS;
                                            INTERPRETATION

 

Capitalized
terms used but not defined in this Agreement shall have the meaning ascribed to such terms in the Business Combination Agreement, and
this Agreement shall be interpreted, construed and applied in accordance with the rules of construction set forth in Section 1.2
of the Business Combination Agreement.

 

		2.	REPRESENTATIONS
                                            AND WARRANTIES OF SPONSOR

 

Sponsor
hereby represents and warrants to Acquiror and the Company, as of the date of this Agreement as follows:

 

2.01
Organization. Sponsor has been duly organized and is validly existing as a private company limited by shares in good standing
under the Laws of Singapore and has the requisite company power and authority to own, lease or operate all of its properties and assets
and to conduct its business as it is now being conducted. Sponsor is duly licensed or qualified and in good standing as a foreign corporation
or company in all jurisdictions in which its ownership of property or the character of its activities is such as to require it to be
so licensed or qualified or in good standing, as applicable, except where the failure to be so licensed or qualified or in good standing
would not reasonably be expected to, individually or in the aggregate, prevent or materially adversely affect the ability of the Sponsor
to consummate the transactions contemplated hereby.

 

    1

     

    

 

2.02
Due Authorization. Sponsor has all requisite corporate power and authority to (a) execute and deliver this Agreement and the documents
contemplated hereby, and (b) consummate the transactions contemplated hereby and thereby and perform all obligations to be performed
by it hereunder and thereunder. The execution and delivery of this Agreement and the documents contemplated hereby and the consummation
of the transactions contemplated hereby and thereby have been duly and validly authorized and approved by the Board of Directors of Sponsor.
No other company proceeding on the part of Sponsor is necessary to authorize this Agreement and the documents contemplated hereby. This
Agreement has been duly and validly executed and delivered by Sponsor, and this Agreement constitutes a legal, valid and binding obligation
of Sponsor, enforceable against Sponsor in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and similar Laws affecting creditors’ rights generally and subject, as to enforceability, to general
principles of equity.

 

2.03
No Conflict. The execution and delivery of this Agreement by Sponsor and the other documents contemplated hereby by Sponsor and
the consummation of the transactions contemplated hereby and thereby do not and will not:

 

(a)
violate or conflict with any provision of, or result in the breach of or default under the Governing Documents of Sponsor;

 

(b)
violate or conflict with any provision of, or result in the breach of, or default under, or require any consent, waiver, exemption or
approval under, any applicable Law or Governmental Order applicable to Sponsor;

 

(c)
violate or conflict with any provision of, or result in the breach of, result in the loss of any right or benefit, require any consent,
cause acceleration, or constitute (with or without due notice or lapse of time or both) a default (or give rise to any right of termination,
amendment, cancellation or acceleration) under any Contract to which Sponsor is a party or by which Sponsor may be bound, or terminate
or result in the termination of any such Contract; or

 

(d)
result in the creation of any Lien upon any of the properties or assets of Sponsor; except, in the case of clauses (b) through (d), to
the extent that the occurrence of the foregoing would not reasonably be expected to, individually or in the aggregate, prevent or materially
adversely affect the ability of the Sponsor to consummate the transactions contemplated hereby.

 

2.04
Acquiror Securities. Sponsor is the sole legal and beneficial owner of the Acquiror Shares and Acquiror Warrants set forth opposite
Sponsor’s name on Schedule A hereto, and all such Acquiror Shares and Acquiror Warrants are owned by Sponsor free
and clear of all Liens, other than any forward purchase agreement or similar arrangements in existence as of the date of this Agreement
and the material terms of which have been disclosed to the Company or its counsel or Liens pursuant to Acquiror’s Governing Documents,
this Agreement or any other Transaction Document or applicable securities laws. Sponsor does not own legally or beneficially any shares
or warrants of Acquiror other than the Acquiror Shares and Acquiror Warrants set forth opposite Sponsor’s name on Schedule
A hereto. Sponsor has the sole right to vote the Subject Shares, and none of the Subject Shares is subject to any voting trust
or other agreement, arrangement or restriction with respect to the voting of the Subject Shares, except as contemplated by this Agreement
or the Governing Documents of Acquiror.

 

    2

     

    

 

2.05
Business Combination Agreement. Sponsor understands and acknowledges that Acquiror and the Company are entering into the Business
Combination Agreement in reliance upon Sponsor’s execution and delivery of this Agreement. Sponsor has received a copy of the Business
Combination Agreement, is familiar with the provisions of the Business Combination Agreement and has consented to (and hereby consents
to) Acquiror’s entry into the Business Combination Agreement.

 

2.06
Adequate Information. Sponsor is a sophisticated shareholder and has adequate information concerning the business and financial
condition of Acquiror and the Company to make an informed decision regarding this Agreement and the transactions contemplated by the
Business Combination Agreement and has independently and without reliance upon Acquiror or the Company and based on such information
as Sponsor has deemed appropriate, made its own analysis and decision to enter into this Agreement. Sponsor acknowledges that Acquiror
and the Company have not made and do not make any representation or warranty to Sponsor, whether express or implied, of any kind or character
except as expressly set forth in this Agreement or the other Transaction Documents. Sponsor acknowledges that the agreements contained
herein with respect to the Subject Shares held by Sponsor are irrevocable.

 

2.07
Restricted Securities. Sponsor understands that the Acquiror Shares that it may receive in connection with the Transactions, including
upon exercise, settlement, conversion or exchange of any other securities received in connection with the Transactions, may be “restricted
securities” under applicable U.S. federal and state securities laws and, if Sponsor is an affiliate of Acquiror, “control
securities” as such term is used under Rule 144 promulgated under the Securities Act, and that, pursuant to these laws, Sponsor
would be required to hold such Acquiror Shares indefinitely unless (a) they are registered with the SEC and qualified by state authorities,
or (b) an exemption from such registration and qualification requirements is available.

 

2.08
Litigation and Proceedings.

 

(a)
There are no pending or, to the knowledge of the Sponsor, threatened, Legal Proceedings against the Sponsor or its properties or assets;
and

 

(b)
there is no outstanding Governmental Order imposed upon the Sponsor; nor are any properties or assets of the Sponsor or its businesses
bound or subject to any Governmental Order;

 

except,
in each case, as would not reasonably be expected to, individually or in the aggregate, prevent or materially adversely affect the ability
of the Sponsor to consummate the transactions contemplated hereby.

 

		3.	REPRESENTATIONS
                                            AND WARRANTIES OF THE OTHER PARTIES

 

Each
of the Company and Acquiror, severally and not jointly, hereby represents and warrants to each other party to this Agreement as follows:

 

3.01
Organization. It has been duly incorporated, organized or formed and is validly existing as a company or corporation in good standing
(or equivalent status, to the extent that such concept exists) under the Laws of its jurisdiction of incorporation, organization or formation,
and has the requisite corporate power and authority to own, lease or operate all of its properties and assets and to conduct its business
as it is now being conducted. It is duly licensed or qualified and in good standing as a foreign corporation or company in all jurisdictions
in which its ownership of property or the character of its activities is such as to require it to be so licensed or qualified or in good
standing (or equivalent status, to the extent that such concept exists) except where the failure to be so licensed or qualified or in
good standing would not reasonably be expected to, individually or in the aggregate, prevent or materially adversely affect its ability
to consummate the transactions contemplated hereby.

 

    3

     

    

 

3.02
Due Authorization. It has all requisite corporate power and authority to (a) execute and deliver this Agreement and the documents
contemplated hereby, and (b) consummate the transactions contemplated hereby and thereby and perform all obligations to be performed
by it hereunder and thereunder (other than, in respect of Acquiror, the Acquiror Shareholder Approval). The execution and delivery of
this Agreement and the documents contemplated hereby and the consummation of the transactions contemplated hereby and thereby have been
duly and validly authorized and approved by its Board of Directors. No other company proceeding on its part is necessary to authorize
this Agreement and the documents contemplated hereby (other than, in respect of Acquiror, the Acquiror Shareholder Approval). This Agreement
has been duly and validly executed and delivered by it, and this Agreement constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
and similar Laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity.

 

3.03
No Conflict. The execution and delivery of this Agreement by it and the other documents contemplated hereby by it and the consummation
of the transactions contemplated hereby and thereby do not and will not (a) violate or conflict with any provision of, or result in the
breach of or default under its Governing Documents, (b) violate or conflict with any provision of, or result in the breach of, or default
under any applicable Law or Governmental Order applicable to it, (c) violate or conflict with any provision of, or result in the breach
of, result in the loss of any right or benefit, or cause acceleration, or constitute (with or without due notice or lapse of time or
both) a default (or give rise to any right of termination, cancellation or acceleration) under any Contract to which it is a party or
by which it may be bound, or terminate or result in the termination of any such Contract or (d) result in the creation of any Lien upon
any of its properties or assets, except, in the case of clauses (b) through (d), to the extent that the occurrence of the foregoing would
not reasonably be expected to, individually or in the aggregate, prevent or materially adversely affect its ability to consummate the
transactions contemplated hereby.

 

		4.	SUPPORT
                                            FOR BUSINESS COMBINATION

 

Sponsor
hereby covenants and irrevocably undertakes to the Company and Acquiror during the term of this Agreement as follows:

 

4.01
Agreement to Vote in Favor of Transactions. At any meeting of the shareholders of Acquiror called to seek the Acquiror Shareholder
Approval, or at any adjournment or postponement thereof, or in connection with any written consent of the shareholders of Acquiror or
in any other circumstances upon which a vote, consent, waiver or other approval with respect to the Business Combination Agreement, any
other Transaction Document or any other Transaction is sought or required, Sponsor shall:

 

(a)
if a meeting is held, appear at such meeting (in person or, where proxies are permitted, by proxy) or otherwise cause the Subject Shares
to be counted as present at such meeting for purposes of establishing a quorum;

 

(b)
vote or cause to be voted (including by class vote and/or written consent, if applicable) the Subject Shares in favor of granting the
Acquiror Shareholder Approval, or, if there are insufficient votes in favor of granting the Acquiror Shareholder Approval, in favor of
the adjournment or postponement of such meeting of the shareholders of Acquiror to a later date; and

 

    4

     

    

 

(c)
                                            in other circumstances in which a vote, consent or approval is required or sought under the
                                            Governing Documents or any Contract of Acquiror or otherwise, in respect of any Transaction,
                                            so vote, consent or approve including with respect to the Subject Shares.

 

4.02
Agreement to Vote Against Other Matters. At any meeting of shareholders of Acquiror or at any adjournment or postponement thereof,
or in connection with any written consent of the shareholders of Acquiror or in any other circumstances upon which Sponsor’s vote,
consent or other approval is sought, Sponsor shall vote (or cause to be voted) the Subject Shares (including by withholding class vote
and/or written consent, if applicable) against:

 

(a)
any business combination agreement, merger agreement or amalgamation, merger, scheme of arrangement, business combination, consolidation,
combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by Acquiror or
any public offering of Equity Securities of Acquiror (in each case, other than in connection with the Business Combination Agreement,
the Merger and the other Transactions);

 

(b)
any Acquiror Acquisition Proposal (other than in connection with the Business Combination Agreement and the other Transactions); and

 

(c)
any amendment of Acquiror’s Governing Documents or Contracts, or other proposal or transaction involving Acquiror, which amendment
or other proposal or transaction would be reasonably likely to, in any such case materially impede, interfere with, delay or attempt
to discourage, frustrate the purposes of, result in a breach by the Company or Acquiror of, prevent or nullify any provision of the Business
Combination Agreement or any other Transaction Document or the Share Exchange or change in any manner the voting rights of any class
of Acquiror’s share capital.

 

4.03
Revoke Other Proxies. Sponsor represents and warrants that any proxies heretofore given in respect of the Subject Shares that
may still be in effect are not irrevocable, and such proxies have been or are hereby revoked.

 

4.04
Irrevocable Proxy. Sponsor hereby irrevocably and unconditionally grants to, and appoints, in the event that Sponsor shall for
whatever reason fail to perform any of its obligations under Section 4.1 or 4.2, the Company and any individual designated
in writing by the Company, and each of them individually, as Sponsor’s lawful attorney and proxy (with full power of substitution),
for and in the name, place and stead of Sponsor, to vote the Subject Shares, or grant a written consent or approval in respect of the
Subject Shares in a manner consistent with this Section 4. Sponsor understands and acknowledges that Acquiror and the Company
are entering into the Business Combination Agreement in reliance upon Sponsor’s execution and delivery of this Agreement. Sponsor
hereby affirms that the irrevocable proxy set forth in this Section 4.4 is given in connection with the execution of the
Business Combination Agreement, and that such irrevocable power of attorney is given to secure the performance of the duties of Sponsor
under this Agreement. Sponsor hereby further affirms that the irrevocable proxy is coupled with a proprietary interest and may under
no circumstances be revoked. Sponsor hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done
by virtue hereof. The irrevocable proxy granted hereunder shall only terminate upon the termination of this Agreement.

 

    5

     

    

 

4.05
No Pre-Closing Transfer. Other than pursuant to this Agreement or as expressly contemplated by the Business Combination Agreement,
from the date hereof and until the Closing or, if earlier, termination of this Agreement, Sponsor shall not:

 

(a)
directly or indirectly, (i) sell, transfer, tender, grant, pledge, assign or otherwise dispose of (including by gift, tender or exchange
offer, merger or operation of law), encumber, hedge, swap, convert or utilize a derivative to transfer the economic interest in (collectively,
“Transfer”), or (ii) enter into any Contract, option or other binding arrangement (including any profit sharing
arrangement) with respect to the Transfer of, any Subject Shares to any person;

 

(b)
grant any proxies or enter into any voting arrangement, whether by proxy, voting agreement, voting trust, voting deed or otherwise (including
pursuant to any loan of Subject Shares) with respect to any Subject Shares, or enter into any other Contract with respect to any Subject
Shares that would prohibit or prevent the satisfaction of its obligations pursuant to this Agreement;

 

(c)
take any action that would make any representation or warranty of Sponsor herein untrue or incorrect, or have the effect of preventing
or disabling Sponsor from performing its obligations hereunder;

 

(d)
commit or agree to take any of the foregoing actions or take any other action or enter into any Contract that would reasonably be expected
to make any of its representations or warranties contained herein untrue or incorrect or would have the effect of preventing or delaying
Sponsor from performing any of its obligations hereunder; or

 

(e)
publicly announce any intention to effect any such transaction specified in this sentence.

 

Any
action attempted to be taken in violation of the preceding sentence will be null and void. Sponsor agrees with, and covenants to, Acquiror
and the Company that Sponsor shall not request that Acquiror register the Transfer (by book-entry or otherwise) of any certificated or
uncertificated interest representing any of the Subject Shares.

 

4.06
No Redemption. Sponsor irrevocably and unconditionally agrees that, from the date hereof and until the termination of this Agreement,
Sponsor shall not elect to cause Acquiror to redeem any Subject Shares now or at any time legally or beneficially owned by Sponsor, or
submit or surrender any of its Subject Shares for redemption, in connection with the transactions contemplated by the Business Combination
Agreement or otherwise.

 

4.07
No Solicitation by Sponsor. From the date hereof until the Closing Date under the Busines Combination Agreement or, if earlier,
the termination of the Business Combination Agreement in accordance with Article XII thereof, Sponsor shall not, and shall cause its
Subsidiaries and direct its Representatives not to, directly or indirectly:

 

(a)
solicit, initiate, or pursue any inquiry, indication of interest, proposal or offer relating to an Acquiror Acquisition Proposal;

 

(b)
participate in or continue any discussions or negotiations with any third-party with respect to, or furnish or make available, any information
concerning Acquiror to any third party relating to an Acquiror Acquisition Proposal, or provide to any third-party access to the businesses,
properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal;

 

    6

     

    

 

(c)
enter into any binding understanding, binding arrangement, acquisition agreement, merger agreement or similar definitive agreement, or
any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect to an Acquiror Acquisition
Proposal; or

 

(d)
grant any waiver, amendment or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals,
discussions, or negotiations or any effort or attempt by any Person to make, an Acquiror Acquisition Proposal.

 

From
and after the date hereof, Sponsor shall, and shall instruct its officers and directors to, and Sponsor shall instruct and cause its
Representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its
Representatives) with respect to an Acquiror Acquisition Proposal.

 

		5.	POST-CLOSING
                                            LOCK-UP ARRANGEMENT

 

5.01
Certain Definitions. As used in this Article 5, notwithstanding the other provisions of this Agreement, the following terms
shall have the following meanings:

 

(a)
“affiliate” shall have the meaning set forth in Rule 405 under the Securities Act;

 

(b)
“Applicable Period” shall be the period commencing on the Closing Date and ending on the earlier of:

 

		(i)	the
                                            date falling 180 days after the Closing Date; or

 

		(ii)	the
                                            date on which Acquiror completes any amalgamation, merger, scheme of arrangement, business
                                            combination, consolidation, combination, sale of substantial assets, reorganization, recapitalization,
                                            dissolution, liquidation or winding up or other similar transaction that results in all of
                                            Acquiror’s shareholders having the right to exchange their Acquiror Shares for cash,
                                            securities or other property following the Closing Date;

 

(c)
“Lock-Up Securities” shall mean (i) any Acquiror Shares, Acquiror Warrants or other equity securities of Acquiror
held by Sponsor (or which Sponsor is entitled to receive by virtue of the Transactions) immediately after the Closing and any Acquiror
Shares acquired in open market transactions after the Closing, (ii) any Acquiror Shares received by Sponsor upon the exercise, conversion
or settlement of options for Acquiror Shares or warrants for Acquiror Shares (including the Acquiror Warrants) or any securities convertible
into or exercisable or exchangeable for Acquiror Shares, in any such case, held by Sponsor immediately after the Closing and (iii) any
other equity security of Acquiror issued or issuable to Sponsor with respect to any securities referenced in clauses (i) or (ii) above
by way of a share dividend or share split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or
similar transaction; and

 

    7

     

    

 

(d)
“Lock-Up Transfer” shall mean the (i) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge,
grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase
of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16
of the Exchange Act and the rules and regulations of the Commission promulgated thereunder, with respect to, any Lock-Up Security, (ii)
entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any Lock-Up Security, whether or not any such transaction is to be settled by delivery of such securities, in cash or otherwise, or
(iii) public announcement of any intention to effect any transaction specified in clause (i) or (ii).

 

5.02
Lock-Up Restriction. Subject to the consummation of the Share Exchange, Sponsor covenants and agrees that it shall not, during
the Applicable Period, without the prior written consent of the board of directors of Acquiror, effect, undertake, enter into or publicly
announce any Lock-Up Transfer. For the avoidance of doubt, Sponsor shall retain all of its rights as a shareholder of Acquiror with respect
to the Lock-Up Securities during the Lock-Up Period, including, without limitation, the right to vote any Lock-Up Securities that are
entitled to vote and the right to receive any dividends or distributions in respect of such Lock-Up Securities.

 

5.03
Authorization. Sponsor hereby authorizes Acquiror during the Applicable Period to cause its transfer agent for the Lock-Up Securities
to decline to transfer, and to note stop transfer restrictions on the share register and other records relating to, such Lock-Up Securities
for which Sponsor is the record holder, in each case, if and to the extent such transfer would constitute a Lock-Up Transfer in breach
of this Agreement. Acquiror agrees to instruct its transfer agent to remove any stop transfer restrictions on the share register and
other records related to the Lock-Up Securities within 2 Business Days of a request by Sponsor following the expiration of the Applicable
Period.

 

5.04
Legend. During the Applicable Period, each certificate evidencing any Lock-Up Securities shall be stamped or otherwise imprinted
with a legend in substantially the following form, in addition to any other applicable legends:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A SPONSOR SUPPORT AND LOCK-UP AGREEMENT,
DATED AS OF AUGUST 25, 2022, BY AND AMONG AVANSEUS HOLDINGS PTE. LTD. (“COMPANY”), THE HOLDER NAMED THEREIN AND THE
OTHER PARTIES THERETO. A COPY OF SUCH AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST.”

 

5.05
Lock-Up Exceptions. Section 5.2 shall not apply to:

 

(a)
Lock-Up Transfers to a partnership, limited liability company or other entity of which Sponsor is the legal and beneficial owner of all
of the outstanding equity securities or similar interests;

 

(b)
Lock-Up Transfers of Acquiror Shares acquired in open market transactions after the Closing;

 

(c)
the exercise of share options or warrants to purchase Acquiror Shares (including Acquiror Warrants) and any related transfer of Acquiror
Shares to Acquiror in connection therewith (A) deemed to occur upon the “cashless” or “net” exercise of any such
options or warrants or (B) for the purpose of paying the exercise price of such options or warrants or for paying taxes due as a result
of the exercise of such options or warrants, it being understood that all Acquiror Shares received upon such exercise, settlement, vesting
or transfer will remain subject to the restrictions of this Section 5 during the Applicable Period;

 

    8

     

    

 

(d)
the entry, at any time after the Closing, into any trading plan providing for the sale of Acquiror Shares meeting the requirements of
Rule 10b5-1(c) under the Exchange Act, provided that such plan does not provide for, or permit, the sale of any Acquiror Shares
during the Applicable Period and no public announcement or filing is voluntarily made or required regarding such plan during the Applicable
Period;

 

(e)
Lock-Up Transfers in the event of completion of a bona fide amalgamation, merger, scheme of arrangement, business combination, consolidation,
combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up or other similar transaction
which results in all of Acquiror’s security holders having the right to exchange their Acquiror Shares or Acquiror Warrants for
cash, securities or other property;

 

(f)
in the case of an entity, a Lock-Up Transfer (i) to another entity that is an affiliate of Sponsor, or to any investment fund or other
entity controlling, controlled by, managing or managed by or under common control with Sponsor or affiliates of Sponsor or who shares
a common investment advisor with the Sponsor or any of the foregoing or (ii) as part of a distribution to members, partners or shareholders
of Sponsor;

 

(g)
in the case of an entity, Lock-Up Transfers by virtue of the laws of the jurisdiction of the entity’s organization and the entity’s
organizational documents upon dissolution of the entity; or

 

(h)
Lock-Up Transfers to an individual who, as of the date of this Agreement, is a director, officer or advisor of Sponsor or its affiliates
as part of such director’s or advisor’s remuneration for services provided to Sponsor; and

 

(i)
Lock-Up Transfers made in connection with a forward purchase agreement or similar arrangement in existence prior to the date of this
Agreement and the material terms of which have been disclosed to the Company or its counsel;

 

provided,
however, that in the case of clauses (a), and clauses (f) through (i), these permitted transferees shall enter into a written agreement,
in substantially the form of this Article 5, agreeing to be bound by these Lock-Up Transfer restrictions prior to such Lock-Up
Transfer.

 

5.06
Waiver of Other Lock-Up Shareholders. Neither the Company nor Acquiror shall amend or waive, terminate, modify or abrogate (“Change”)
the lock-up restriction agreed with any of the Lock-Up Shareholders (as defined in the Company Holders Support Agreement) pursuant to
Section 4 of the Company Holders Support Agreement, in each case, unless the Company and/or Acquiror extends such Change to Sponsor,
under the same terms and conditions (including, for the avoidance of doubt, the timing of any release from such lock-up restriction)
and on a pro rata basis. The Company and/or Acquiror shall provide at least 10 Business Day advance written notice to Sponsor of any
such Change.

 

5.07
Termination of Existing Lock-Up Restriction. The parties hereto agree that the lock-up and transfer provisions in this Agreement
shall supersede and replace Sponsor’s obligations in respect of lock-up and transfer provisions currently contained in the Sponsor
Letter Agreement (as defined below) effective upon the Effective Time.

 

5.08
                                            Effect of Article 5. If any Lock-Up Transfer is made or attempted contrary to the
                                            provisions of this Article 5, such purported Lock-Up Transfer shall be null and void
                                            ab initio.

 

    9

     

    

 

		6.	OTHER
                                            AGREEMENTS

 

6.01
Sponsor Affiliate Agreements.

 

(a)
Each of Sponsor and Acquiror hereby agrees that from the date hereof until the termination of this Agreement, none of them shall, or
shall agree to, amend, modify or vary that certain letter agreement, dated October 12, 2021, by and among Sponsor and Acquiror (the
“Sponsor Letter Agreement”), except as otherwise provided for under this Agreement or any Transaction Document.

 

(b)
Each of Sponsor and Acquiror hereby agree that each agreement as of the Effective Time between Acquiror (or any of its Subsidiaries),
on the one hand, and Sponsor or any of Sponsor’s Affiliates (other than Acquiror or any of Acquiror’s Subsidiaries), on the
other hand, (but excluding any Transaction Document, the Sponsor Letter Agreement, and any agreements with respect to the indemnification
of the Acquiror’s directors and officers, advancement of expense or exculpation or contribution of the Acquiror’s directors
and officers, or relating to reimbursements for reasonable and necessary business expenses incurred prior to the Effective Time) (such
agreements, together, the “Sponsor Affiliate Agreements”) will be terminated effective as of the Effective Time, and
thereupon shall be of no further force or effect, without any further action on the part of any of Acquiror or Sponsor, and on and from
the Effective Time, neither Acquiror, Sponsor, nor any of their respective Affiliates or Subsidiaries shall have any further rights,
duties, liabilities or obligations under any of the Sponsor Affiliate Agreements and each of Acquiror and Sponsor (for and on behalf
of its Affiliates and Subsidiaries) hereby releases in full any and all claims with respect thereto with effect on and from the Effective
Time. Notwithstanding the foregoing of this Section 6.01(b), Sponsor and Acquiror shall, and shall ensure that their Affiliates
shall, perform their respective duties, liabilities or obligations under and in accordance with the terms of the Sponsor Affiliate Agreements
prior to the Effective Time. Additionally, Sponsor agrees that the lock-up and transfer provisions in this Agreement shall supersede
and replace its obligations in respect of lock-up and transfer provisions currently contained in the Sponsor Letter Agreement effective
upon the Effective Time.

 

6.02
Termination. This Agreement shall terminate upon the earliest of (i) the Effective Time (provided, however, that upon such termination,
Article 5 shall survive in accordance with its terms, and this Article 6 shall survive indefinitely) and (ii) the termination
of the Business Combination Agreement in accordance with its terms, and upon such termination, no party shall have any liability hereunder
other than for its willful and material breach of this Agreement prior to such termination.

 

6.03
Further Assurances. Sponsor shall, from time to time, (i) execute and deliver, or cause to be executed and delivered, such additional
or further consents, documents and other instruments as Acquiror or the Company may reasonably request for the purpose of effectively
carrying out the transactions contemplated by this Agreement, the Business Combination Agreement and the other Transaction Documents
and (ii) refrain from exercising any veto right, consent right or similar right under Acquiror’s Governing Documents which would
materially, impede, disrupt, prevent or otherwise adversely affect the consummation of the Share Exchange or any other Transaction. If
Sponsor acquires record or beneficial ownership of any Subject Shares following the date of this Agreement (or becomes aware, following
the date hereof, of its record or beneficial ownership of any Subject Shares as of the date hereof, which shares are not already set
forth on Schedule A), Sponsor shall promptly notify the Company and Acquiror, and Schedule A shall be updated
to reflect Sponsor’s ownership of such additional Subject Shares.

 

    10

     

    

 

6.04
Notice. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally or
sent by overnight courier (providing proof of delivery) to Acquiror, or the Company in accordance with Section 13.3 of the Business
Combination Agreement and to Sponsor at its address set forth on Schedule A hereto (or at such other address for a party as shall be
specified by like notice).

 

6.05
Miscellaneous. The provisions of Article XIII of the Business Combination Agreement are incorporated herein by reference, mutatis
mutandis, as if set forth in full herein.

 

[Signature
pages follow]

 

    11

     

    

 

IN
WITNESS WHEREOF the parties have hereunto caused this Agreement to be duly executed as of the date first above written.

 

	 	Avanseus
    Holdings Pte. Ltd.,
	 	a
    Singapore private company limited by shares, with company registration number 201526265R
	 	 	 
	 	By:
    	/s/
    Bhargab Mitra
	 	 	 
	 	Name:
	Bhargab
    Mitra
	 	 	 
	 	Title:	Director
	 	 	 
	 	Fat
    Projects Acquisition Corp.,
	 	an
    exempted company limited by shares incorporated under the laws of the Cayman Islands
	 	 	 
	 	By:
    	/s/
    David Andrada
	 	 	 
	 	Name:	David
    Andrada
	 	 	 
	 	Title:	Co-CEO,
    CFO, and Director
	 	 	 
	 	Fat
    Projects SPAC Pte. Ltd.,
	 	a
    Singapore private company limited by shares, with company registration number 202108160N
	 	 	 
	 	By:
    	/s/
    David Andrada
	 	 	 
	 	Name:	David
    Andrada
	 	 	 
	 	Title:	Co-CEO,
    CFO, and Director

 

    12

     

    

 

SCHEDULE
A

 

	Name
    and Address of Sponsor:	 	Fat
    Projects SPAC Pte. Ltd., 
	 	 	a
    Singapore private company limited by shares, 
	 	 	with
    company registration number 202108160N
	 	 	27
    Bukit Manis Road
	 	 	Singapore
    099892
	 	 	Attention:
    David Andrada & Nils Michaelis
	 	 	david@fatprojects.com
	 	  	nils@fatprojects.com
	 	 	 
	Total
    Acquiror Warrants Held:	 	2,865,000
	 	 	 
	Total
    Acquiror Class B Ordinary Shares Held:	 	2,070,000

 

    13Exhibit
10.5

 

FORM
OF REGISTRATION RIGHTS AGREEMENT

 

This
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of August 25, 2022 is made and entered into
by and among Fat Projects Acquisition Corp, a Cayman Islands exempted company limited by shares, with company registration number 374480
(the “Acquiror”), Fat Projects SPAC Pte. Ltd., a Singapore private company limited by shares, with company registration
number 202108160N (the “Sponsor”), the undersigned parties listed on the signature page hereto (each such party, together
with the Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this
Agreement, a “Holder” and collectively the (“Holders”) and solely for the purposes of Section 5.10
Avanseus Holdings Pte. Ltd. (Company Registration Number: 201526265R), a Singapore private company limited by shares (the “Company.”).

 

WHEREAS,
the Company and Acquiror are on or around the date of this Agreement entering into a Business Combination Agreement (as the same may
be amended, restated or supplemented from time to time, the “Business Combination Agreement”), whereby among other
matters, the shareholders of the Company will exchange all of the issued and outstanding share capital of the Company for Acquiror Class
A Ordinary Shares, making the Company a wholly owned subsidiary of Acquiror (the “Share Exchange”), and in connection
with the Share Exchange, the shareholders of the Company will be required to execute and deliver to Acquiror duly executed Share Exchange
Agreements in the form attached as Exhibit A to the Business Combination Agreement;

 

NOW,
THEREFORE, in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

 

ARTICLE
I

DEFINITIONS,
EFFECTIVE DATE

 

1.1
The terms defined in this Article 1 shall, for all purposes of this Agreement, have the respective meanings set forth below:

 

“Acquiror”
shall have the meaning given in the Preamble.

 

“Acquiror
Warrants” means the warrants to acquire Acquiror Shares pursuant to the warrant agreement in the form attached to the Business
Combination Agreement as Exhibit G to be issued to Crystal Technology Services Pte. Ltd. a Singapore private company limited by shares,
upon the termination of the Company Warrant Agreement at the Closing as contemplated in the Business Combination Agreement.

 

“Acquiror
Shares” shall mean Acquiror’s Class A Ordinary shares, of US$ 0.0001 par value per share.

 

“Addendum
Agreement” shall have the meaning given in subsection 5.2.6.

 

“Agreement”
shall have the meaning given in the Preamble.

 

    1

     

    

 

“Block
Trade” shall have the meaning given in subsection 2.9.1.

 

“Board”
shall mean the Board of Directors of Acquiror.

 

“Business
Combination Agreement” shall have the meaning given in the Recitals hereto.

 

“Business
Day” shall mean a day on which commercial banks are open for business in New York, the Cayman Islands and the Republic of Singapore,
except a Saturday, Sunday or public holiday (gazetted or ungazetted and whether scheduled or unscheduled).

 

“Closing”
shall mean the completion of the Share Exchange.

 

“Commission”
shall mean the Securities and Exchange Commission of the United States of America.

 

“Company” shall have the meaning given in the Recitals hereto.

 

“Company
Ordinary Shares” means the ordinary shares in the capital of the Company.

 

“Company
Warrants” means the warrants to purchase Company Ordinary Shares contemplated in the Company Warrant Agreement.

 

“Company
Warrant Agreement” means that certain Share Warrant Agreement dated 17 December 2021 between the Company and Crystal Technology
Services Pte. Ltd., a Singapore private company limited by shares.

 

“Demanding
Holder” shall have the meaning given in Section 2.4.

 

“Exchange
Act” shall mean the United States Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Form
S-1” shall mean such form under the Securities Act as in effect on the date hereof or any successor registration form under
the Securities Act subsequently adopted by the Commission.

 

“Form
S-1 Shelf” shall have the meaning given in subsection 2.1.1.

 

“Form
S-3” shall mean such form under the Securities Act as in effect on the date hereof or any registration form under the Securities
Act subsequently adopted by the Commission that permits forward incorporation of substantial information by reference to other documents
filed by Acquiror with the Commission.

 

“Form
S-3 Shelf” shall have the meaning given in subsection 2.1.3.

 

“Holder
Indemnified Party” shall have the meaning given in subsection 4.1.

 

“IPO Prospectus” means the prospectus for the Acquiror’s initial public offering of its securities.

 

    2

     

    

 

“IPO
Warrant Agreement” means that certain Warrant Agreement dated October 12, 2021 by and between the Acquiror and Continental
Stock Transfer & Trust Company.

 

“IPO
Warrant Shares” means the shares of Acquiror issuable upon exercise of IPO Warrants.

 

“IPO
Warrants” means the warrants exercisable for shares of the Acquiror included in the units issued in the Acquiror’s initial
public offering of securities (including such warrants that have separated from such units and warrants that remain part of unseparated
units).

 

“Holders”
shall have the meaning given in the Preamble.

 

“Lock-Up
Agreement” shall mean, as applicable, the agreements and undertakings of the Holder set forth in Section 4 of each Company
Holder Support Agreement dated as of the date hereof, each by and among the Company, the Acquiror, and the other parties listed in Schedule
A thereto, and Section 4 of that certain Sponsor Support Agreement dated as of the date hereof, by and among the Company, the Acquiror,
and Sponsor, in each case pursuant to which a Holder has agreed (subject to certain exceptions) not to transfer the Registrable Securities
held by such Holder for a certain period of time after the Closing.

 

“Maximum
Number of Securities” shall mean, as to a given Underwritten Offering, the maximum dollar amount or maximum number of equity
securities that can be sold in such Underwritten Offering, in the reasonable determination of the managing Underwriter(s), without adversely
affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering.

 

“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus (in the case of a Prospectus, in the light
of the circumstances under which they were made) not misleading.

 

“New
Registration Statement” shall have the meaning given in subsection 2.2.1.

 

“Permitted
Transferees” shall mean a person or entity to whom a Holder of Registrable Securities is permitted to transfer such Registrable
Securities prior to the expiration of the lock-up period under the applicable Lock-Up Agreement, and to any transferee thereafter.

 

“Person”
means any individual, firm, corporation, partnership, limited liability company, incorporated or unincorporated association, joint venture,
joint stock company, governmental authority or instrumentality or other entity of any kind.

 

“Piggyback
Registration” shall have the meaning given in subsection 2.8.1.

 

“PIPE
Securities” shall mean those securities issued pursuant to the PIPE Subscription Agreements.

 

“PIPE
Subscription Agreements” shall mean the agreements in form and substance reasonably mutually acceptable to Acquiror and the
Company that may be entered into by and among the Acquiror and the other parties thereto, pursuant to which such other parties will subscribe
for Acquiror Shares in a private offering of public equity or PIPE, which shall close in conjunction with the Closing.

 

“Private
Placement Warrants” shall mean the warrants exercisable for shares of the Acquiror issued pursuant to that certain Private
Placement Warrants Purchase Agreement, dated October 12, 2021, between the Acquiror and the Sponsor.

 

    3

     

    

 

“Pro
Rata” shall mean, with respect to a given Registration, offering or Transfer of Registrable Securities pursuant to this Agreement,
pro rata based on (A) the number of Registrable Securities that each Holder, as applicable, has requested or proposed to be included
in such Registration, offering or Transfer and (B) the aggregate number of Registrable Securities that all Holders have requested or
proposed to be included in such Registration, offering or Transfer.

 

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable
Securities” shall mean:

 

(A)
any outstanding Acquiror Shares or the Acquiror Warrants that are held by a Holder as of immediately following the Closing;

 

(B)
any Acquiror Shares that may be acquired by a Holder upon the exercise of an Acquiror Warrant or Private Placement Warrant (or any other
option or right to acquire Acquiror Shares) that is held by a Holder as of immediately following the Closing; and

 

(C)
any other equity security of Acquiror issued or issuable with respect to any securities referenced in clauses (A) or (B) above by way
of a stock dividend or stock split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or similar
transaction; provided, however, as to any particular Registrable Securities, such securities shall cease to be Registrable Securities
when: (i) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and
such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (ii) such
securities shall have been otherwise transferred, new certificates for such securities not bearing a legend restricting further transfer
shall have been delivered by Acquiror and subsequent public distribution of such securities shall not require registration under the
Securities Act; (iii) such securities shall have ceased to be outstanding; or (iv) such securities have been sold to, or through, a broker,
dealer or underwriter in a public distribution or other public securities transaction.

 

“Registration”
shall mean a registration, including any related Underwritten Takedown, effected by preparing and filing a registration statement or
similar document in compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder,
and such registration statement becoming effective.

 

“Registration
Expenses” shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A)
all registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority,
Inc.) and any securities exchange on which the Acquiror Shares are then listed:

 

(B)
fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

(C)
printing, messenger, telephone and delivery expenses;

 

(D)
reasonable fees and disbursements of counsel for Acquiror;

 

    4

     

    

 

(E)
reasonable fees and disbursements of all independent registered public accountants of Acquiror incurred specifically in connection with
such Registration;

 

(F)
Acquiror’s roadshow and travel expenses, if any;

 

(G)
the fees and expenses of any special experts retained by Acquiror in connection with such Registration;

 

(H)
Acquiror ‘s internal expenses (including, without limitation, all salaries and expenses of Acquiror’s and its subsidiaries’
officers and employees and all overhead costs of Acquiror and its subsidiaries);

 

(I)
reasonable fees and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Underwritten
Takedown; and

 

(J)
all other expenses of Registration, in each case, other than Underwriters’ commissions and any related transfer taxes attributable
to the sale of Registrable Securities by a Holder in an Underwritten Takedown.

 

“Registration
Statement” shall mean any registration statement that covers the Registrable Securities pursuant to the provisions of this
Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements
to such registration statement, and all exhibits to and all material incorporated by reference in such registration statement (other
than a registration statement on Form S-4 or Form S-8, or their successors, or any registration statement covering only securities proposed
to be issued in exchange for securities or assets of another entity).

 

“Requesting
Holder” shall have the meaning given in Section 2.5.

 

“SEC
Guidance” shall have the meaning given in subsection 2.2.1.

 

“Securities
Act” shall mean the United States Securities Act of 1933, as amended from time to time.

 

“Share
Exchange” shall have meaning given in the Recitals hereto.

 

“Shelf”
shall mean the Form S-1 Shelf, the Form S-3 Shelf or any Subsequent Shelf, as the case may be.

 

“Shelf
Registration” shall mean a Registration of securities pursuant to a Registration Statement filed with the Commission in accordance
with and pursuant to Rule 415 promulgated under the Securities Act (or any successor rule then in effect).

 

“Sponsor”
shall have the meaning given in the Recitals hereto.

 

“Sponsor
Party” means the (A) Sponsor; and (B) (i) any Person to whom Sponsor Transfers Registrable Securities in accordance with the
terms of any forward purchase agreement or similar arrangements in existence as of the date of this Agreement (the material terms of
which have been disclosed to the Company or its counsel); and (ii) any Person to whom Sponsor has transferred Class B shares in the capital
of Acquiror or Private Placement Warrants prior to the date of this Agreement.

 

“Sponsor
Registration Rights Agreement” means that certain Registration Rights Agreement dated October 12, 2021 by and between
Acquiror, the Sponsor and the other parties thereto.

 

    5

     

    

 

“Sponsor Specific Rights” shall have the meaning in subsection 5.2.3.

 

“Subsequent
Shelf” shall have the meaning given in subsection 2.3.2.

 

“Takedown Demand” shall have the meaning given in subsection 2.4.1.

 

“Takedown
Threshold” shall have the meaning given in Section 2.4.

 

“Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to,
any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or
(c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

 

“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such
dealer’s market-making activities.

 

“Underwritten
Registration” or “Underwritten Offering” shall mean a Registration in which securities of Acquiror are sold
to an Underwriter in a firm commitment underwriting for distribution to the public.

 

“Underwritten
Takedown” shall mean an Underwritten Offering of Registrable Securities pursuant to the Shelf, as amended or supplemented.

 

1.2
Effective Date. This Agreement shall become effective on the date of the Business Combination Agreement, which date shall be notified
to the Holder.

 

ARTICLE
II

REGISTRATIONS

 

2.1
Resale Shelf Registration.

 

2.1.1
Acquiror shall use its reasonable best efforts to (a) file within 30 days following the Closing, and use reasonable efforts to cause
to be declared effective as soon as practicable thereafter, a Registration Statement for a Shelf Registration on Form S-1 (the “Form
S-1 Shelf”) covering the resale of all the Registrable Securities (determined as of two Business Days prior to such filing)
on a delayed or continuous basis and (b) keep such Form S-1 Shelf continuously effective, available for use and in compliance with the
provisions of the Securities Act until such time as a Form S-3 Shelf is declared effective pursuant to Section 2.1.3.

 

2.1.2
Such Shelf shall provide for the resale of the Registrable Securities included therein pursuant to any method or combination of methods
legally available to, and requested by, any Holder named therein.

 

2.1.3
Following the filing of a Form S-1 Shelf, Acquiror shall use reasonable efforts to either (a) convert the Form S-1 Shelf (and each Subsequent
Shelf) to a Shelf Registration on Form S-3 or (b) file and to cause to become effective a Shelf Registration on Form S-3 (in each case,
the “Form S-3 Shelf”) as soon as practicable after Acquiror is eligible to use Form S-3.

 

    6

     

    

 

2.2
Rule 415 Cutback.

 

2.2.1
Notwithstanding the registration obligations set forth in Section 2.1, in the event the Commission informs Acquiror that
all of the Registrable Securities cannot, as a result of the application of Rule 415, be registered for resale as a secondary offering
on a single registration statement, Acquiror agrees to promptly (a) inform each of the Holders and use its reasonable efforts to file
amendments to the Shelf Registration as required by the Commission and/or (b) withdraw the Shelf Registration and file a new Registration
Statement (a “New Registration Statement”), on Form S-3, or if Form S-3 is not then available to Acquiror for such
Registration Statement, on such other form available to register for resale the Registrable Securities as a secondary offering; provided,
however, that prior to filing such amendment or New Registration Statement, Acquiror shall use its reasonable efforts to advocate
with the Commission for the registration of all of the Registrable Securities in accordance with any publicly-available written or oral
guidance, comments, requirements or requests of the Commission staff (the “SEC Guidance”), including the Manual of
Publicly Available Telephone Interpretations D.29.

 

2.2.2
Notwithstanding any other provision of this Agreement, if any SEC Guidance sets forth a limitation of the number of Registrable Securities
permitted to be registered on a particular Registration Statement as a secondary offering (and notwithstanding that Acquiror used reasonable
efforts to advocate with the Commission for the registration of all or a greater number of Registrable Securities), unless otherwise
directed in writing by a Holder as to its Registrable Securities and subject to a determination by the Commission that certain Holders
must be reduced first based on the number of Registrable Securities held by such Holders, (a) Acquiror shall prioritize the Registration
of all of the PIPE Securities on such Registration Statement, and (b) if all of the PIPE Securities (but not all of the Registrable Securities)
may be registered on such Registration Statement, any remaining number of Registrable Securities permitted to be registered on such Registration
Statement as a secondary offering shall be allocated Pro Rata among the other Holders.

 

2.2.3
If Acquiror amends the Shelf Registration or files a New Registration Statement, as the case may be, under this Section 2.2,
Acquiror shall use its reasonable efforts to file with the Commission, as promptly as allowed by Commission or SEC Guidance, one or more
registration statements on Form S-3 or such other form available to register for resale those Registrable Securities (a) that were not
registered for resale on the Shelf Registration, as amended, or the New Registration Statement and (b) are no longer restricted by any
Lock-Up Agreement.

 

2.3
Maintenance, Amendment, Supplement and Subsequent Shelf.

 

2.3.1
Acquiror shall use reasonable efforts to maintain each Shelf in accordance with the terms of this Agreement, and shall prepare and file
with the Commission from time to time such amendments and supplements to the Shelf as may be necessary to keep the Shelf continuously
effective, available for use and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable
Securities.

 

2.3.2
If a Shelf ceases to be effective under the Securities Act for any reason at any time while Registrable Securities are still outstanding,
Acquiror shall, subject to Section 3.4 use reasonable efforts to as promptly as is reasonably practicable (a) cause such Shelf to
again become effective under the Securities Act (including using reasonable efforts to obtain the prompt withdrawal of any order suspending
the effectiveness of such Shelf), (b) amend such Shelf in a manner reasonably expected to result in the withdrawal of any order suspending
the effectiveness of such Shelf, or (c) prepare and file an additional Registration Statement for a Shelf Registration (a “Subsequent
Shelf”) registering the resale of all Registrable Securities (determined as of two Business Days prior to such filing), and
pursuant to any method or combination of methods legally available to, and requested by, any Holder named therein.

 

    7

     

    

 

2.3.3
If a Subsequent Shelf is filed pursuant to Section 2.3.2, Acquiror shall use reasonable efforts to (a) cause such Subsequent
Shelf to become effective under the Securities Act as promptly as is reasonably practicable after the filing thereof, and (b) keep such
Subsequent Shelf continuously effective, available for use and in compliance with the provisions of the Securities Act until such time
as there are no longer any Registrable Securities. Any such Subsequent Shelf shall be on Form S-3 to the extent that Acquiror is eligible
to use such form and shall be an automatic shelf registration statement as defined in Rule 405 promulgated under the Securities
Act if Acquiror is a well-known seasoned issuer as defined in Rule 405 promulgated under the Securities Act at the most recent applicable
eligibility determination date.

 

2.4
Demand for Underwritten Takedown. Subject to the Lock-Up Agreements and to the provisions of this Section 2.4, Sections 2.5
and Article III, at any time and from time to time when an effective Shelf is on file with the Commission, either (y) Holders
owning at least 50% of the then-outstanding number of Registrable Securities or (z) the Sponsor (acting on behalf of the Sponsor Parties)
(in each case, the “Demanding Holders”) may request to sell all or a portion of their Registrable Securities in an
Underwritten Takedown in accordance with this Section 2.4 (the “Demand Registration”); provided
that, Acquiror shall only be obligated to effect an Underwritten Takedown if such Underwritten Offering shall include Registrable Securities
proposed to be sold by the Demanding Holder with a total offering price reasonably expected to exceed, in the aggregate, either (x) US$
15,000,000 or (y) where the Demanding Holder is the Sponsor (acting on behalf of the Sponsor Parties), all remaining Registrable Securities
held by such Demanding Holder (the “Takedown Threshold”).

 

2.4.1
Takedown Demand Notice. All requests for an Underwritten Takedowns shall be made by giving written notice to Acquiror, which notice
shall specify the number of Registrable Securities proposed to be sold in the Underwritten Takedown (such written notice, a “Takedown
Demand”).

 

2.4.2
Underwriters. The majority-in-interest of the Demanding Holders initiating an Underwritten Takedown shall have the right to select
the Underwriter(s) for such Underwritten Offering (which shall consist of one or more nationally recognized investment banks). Acquiror
shall not be required to include any Holder’s Registrable Securities in such Underwritten Takedown unless such Holder accepts the
terms of the underwriting as agreed between Acquiror and its Underwriter(s) in customary form and enters into and complies with an underwriting
agreement with such Underwriter(s) in customary form (after having considered and taken reasonable account of comments of a single U.S.
counsel for the Holders which are selling in the Underwritten Takedown). Notwithstanding anything to the contrary in this Agreement,
Acquiror may effect any Underwritten Takedown pursuant to any then effective Registration Statement, including a Form S-3, that is then
available for such offering.

 

2.4.3
Number and Frequency of Underwritten Takedowns. Notwithstanding anything to the contrary in this Section 2.4, under
no circumstances shall Acquiror be obligated to effect (a) more than an aggregate of two (2) Underwritten Takedowns within the first
year following the Closing, (b) for the period commencing one year after the Closing, more than one (1) Underwritten Takedown within
any three-month period or (c) more than three (3) Underwritten Takedowns where the Sponsor (acting on behalf of the Sponsor Parties)
is the sole or lead Demanding Holder.

 

    8

     

    

 

2.5
Reduction of Underwritten Takedown. If the managing Underwriter or Underwriters in an Underwritten Offering pursuant to a Takedown
Demand advises Acquiror and the Demanding Holders and the Holders requesting piggy back rights pursuant to this Agreement with respect
to such Underwritten Offering (such Demanding Holders and other requesting Holders, the “Requesting Holders”) (if
any) in writing that the dollar amount or number of Registrable Securities that the Demanding Holders and the Requesting Holders (if
any) desire to sell, taken together with all other Acquiror Shares or other equity securities that Acquiror desires to sell and the Acquiror
Shares, if any, as to which a Registration has been requested pursuant to separate written contractual piggy-back registration rights
held by any other shareholders who desire to sell, exceeds the Maximum Number of Securities, then Acquiror shall include in such Underwritten
Offering:

 

2.5.1
First, the Registrable Securities of the Demanding Holders and the Requesting Holders (if any) that can be sold without exceeding the
Maximum Number of Securities (to be allocated Pro Rata among the Demanding Holders and Requesting Holders if the Registrable Securities
desired to be sold by such Holders in the aggregate would exceed the Maximum Number of Securities);

 

2.5.2
Second, to the extent that the Maximum Number of Securities has not been reached under the foregoing subsection 2.5.1, the
Acquiror Shares or other equity securities that Acquiror desires to sell, which can be sold without exceeding the Maximum Number of Securities;
and

 

2.5.3
third, to the extent that the Maximum Number of Securities has not been reached under the foregoing subsections 2.5.1 and
2.5.2, any Acquiror Shares or other equity securities of other persons or entities that Acquiror is obligated to register pursuant
to any separate written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of Securities.

 

2.6
Effective Registration. Notwithstanding any other provision in this Agreement, a Registration will not count as an Underwritten
Takedown until the Registration Statement filed with the Commission with respect to such Underwritten Takedown has been declared effective
and Acquiror has complied with all of its obligations under this Agreement with respect to such Underwritten Takedown; provided, however,
that if, after such Registration Statement has been declared effective, the offering of Registrable Securities pursuant to such Underwritten
Takedown is interfered with by any stop order or injunction of the Commission or any other governmental agency or court, the Registration
Statement with respect to such Demand Registration will be deemed not to have been declared effective, unless and until, (i) such stop
order or injunction is removed, rescinded or otherwise terminated, and (ii) a majority in interest of the Demanding Holders, thereafter
elects to continue the offering; provided, further, that Acquiror shall not be obligated to file a second Registration Statement
until the Registration Statement that has been previously filed with respect to such Demand Registration becomes effective or is subsequently
terminated.

 

2.7
Withdrawal of Underwritten Takedown.

 

2.7.1
Prior to the filing of the applicable preliminary or “red herring” Prospectus used for marketing an Underwritten Takedown,
a majority-in-interest of the relevant Demanding Holders shall have the right to withdraw from such Underwritten Takedown for any or
no reason whatsoever upon written notification to Acquiror, each other Demanding Holder and Requesting Holder, and the applicable Underwriter(s).

 

2.7.2
Following the receipt of any notice of withdrawal pursuant to subsection 2.7.1, the other Demanding Holders and Requesting
Holders, provided they collectively qualify as Demanding Holders pursuant to clauses (x), (y) or (z) of Section 2.4 and the
Takedown Threshold would still be satisfied, may elect to continue with the Underwritten Offering and such continued Takedown Demand
shall count as a Takedown Demand of the continuing Demanding Holders for purposes of subsection 2.4.3 and not of the withdrawing
Demanding Holders.

 

    9

     

    

 

2.7.3
If following a request under subsection 2.7.1 an Underwritten Takedown is withdrawn and not continued pursuant to subsection 2.7.2,
then the withdrawn Takedown Demand shall count as an Underwritten Takedown for purposes of subsection 2.4.3 (unless one
or more of the Demanding Holders reimburse Acquiror for all Registration Expenses with respect to such Underwritten Takedown, in which
case it shall not count as an Underwritten Takedown).

 

2.8
Piggyback Registration.

 

2.8.1
Piggyback Rights. If Acquiror or any Holder proposes to conduct a registered offering of, or if Acquiror proposes to file a Registration
Statement under the Securities Act with respect to the Registration of, equity securities, or securities or other obligations exercisable
or exchangeable for, or convertible into equity securities, for its own account or for the account of shareholders of Acquiror (or by
Acquiror and by the shareholders of Acquiror, including an Underwritten Takedown pursuant to Section 2.4 or a Block Trade
pursuant to Section 2.9), other than a Registration Statement (a) filed in connection with any employee share option or other
benefit plan, (b) for an exchange offer or offering of securities solely to Acquiror’s existing shareholders, (c) for an offering
of debt that is convertible into equity securities of Acquiror, (d) for a dividend reinvestment plan or (e) for a rights offering, then
Acquiror shall give written notice of such proposed filing or offering to all of the Holders of Registrable Securities as soon as practicable
but not less than five (5) Business Days before the anticipated filing date of such Registration Statement, or, in the case of an Underwritten
Offering pursuant to a Shelf Registration, the applicable preliminary “red herring” Prospectus or prospectus supplement used
for marketing such offering, which notice shall (x) describe the amount and type of securities to be included in such offering, the intended
method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering, and (y) offer
to all of the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable Securities as such
Holders may request in writing within three (3) Business Days after receipt of such written notice (such Registration a “Piggyback
Registration”). Subject to subsection 2.8.2, Acquiror shall, in good faith, cause such Registrable Securities to
be included in such Piggyback Registration and shall use reasonable efforts to cause the managing Underwriter or Underwriters of a proposed
Underwritten Offering to permit the Registrable Securities requested by the Holders pursuant to this subsection 2.8.1 to
be included in such Piggyback Registration on the same terms and conditions as any similar securities of Acquiror included in such Registration
and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution
thereof. The inclusion of any Holder’s Registrable Securities in a Piggyback Registration shall be subject to such Holder’s
agreement to enter into and comply with an underwriting agreement in customary form with the Underwriter(s) duly selected for such Underwritten
Offering.

 

2.8.2
Reduction of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be
a Piggyback Registration advises Acquiror and the Holders of Registrable Securities participating in the Piggyback Registration in writing
that the dollar amount or number of the Acquiror Shares or other equity securities that Acquiror desires to sell, taken together with
(x) the Acquiror Shares or other equity securities, if any, as to which Registration or a registered offering has been demanded pursuant
to separate written contractual arrangements with persons or entities other than the Holders of Registrable Securities hereunder, (y)
the Registrable Securities as to which registration has been requested pursuant to Section 2.8 hereof, and (z) the Acquiror
Shares or other equity securities, if any, as to which Registration or a registered offering has been requested pursuant to separate
written contractual piggy-back registration rights of other shareholders of Acquiror, exceeds the Maximum Number of Securities, then:

 

    10

     

    

 

(a)
If the Registration or registered offering is undertaken for Acquiror’s account, Acquiror shall include in any such Registration
or registered offering:

 

(i)
first, the Acquiror Shares or other equity securities that Acquiror desires to sell, which can be sold without exceeding the Maximum
Number of Securities;

 

(ii)
second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Registrable Securities
of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.8.1 that can be sold
without exceeding the Maximum Number of Securities (to be allocated Pro Rata among such Holders if the Registrable Securities desired
to be sold by such Holders in the aggregate, when combined with those desired to be sold by Acquiror, would exceed the Maximum Number
of Securities); and

 

(iii)
third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the Acquiror
Shares or other equity securities, if any, as to which Registration or a registered offering has been requested pursuant to written contractual
piggy-back registration rights of other shareholders of Acquiror, which can be sold without exceeding the Maximum Number of Securities;
and

 

(b)
If the Registration or registered offering is pursuant to a demand by persons or entities other than the Holders of Registrable Securities,
then Acquiror shall include in any such Registration or registered offering:

 

(i)
first, the Acquiror Shares or other equity securities, if any, of such demanding persons or entities, other than the Holders of Registrable
Securities, which can be sold without exceeding the Maximum Number of Securities;

 

(ii)
second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Acquiror Shares
or other equity securities that Acquiror desires to sell, which can be sold without exceeding the Maximum Number of Securities;

 

(iii)
third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the Registrable
Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.8.1, Pro
Rata, which can be sold without exceeding the Maximum Number of Securities; and

 

(iv)
fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i), (ii) and (iii), the
Acquiror Shares or other equity securities for the account of other persons or entities that Acquiror is obligated to register pursuant
to separate written contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum Number of
Securities.

 

    11

     

    

 

(c)
If the Registration or registered offering is pursuant to a request by Holder(s) of Registrable Securities pursuant to Section 2.4,
then Acquiror shall include in any such Registration or registered offering securities pursuant to Section 2.5.

 

2.8.3
Piggyback Registration Withdrawal. Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration
for any or no reason whatsoever upon written notification to Acquiror and the Underwriter or Underwriters (if any) prior to the effectiveness
of the Registration Statement filed with the Commission with respect to such Piggyback Registration or in the case of a Shelf Registration,
prior to the filing of the applicable preliminary or “red herring” Prospectus used for marketing of the relevant offering
or takedown thereunder. Acquiror (whether on its own good faith determination or as the result of a request for withdrawal by persons
pursuant to separate written contractual obligations) may withdraw a Registration Statement filed with the Commission in connection with
a Piggyback Registration (excluding a Piggyback Registration by Holder(s) in connection with an Underwritten Takedown under Sections 2.1
to 2.6) at any time prior to the effectiveness of such Registration Statement. Notwithstanding anything to the contrary in this Agreement,
Acquiror shall be responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal
under this subsection 2.8.3.

 

2.9
Block Trades.

 

2.9.1
Notwithstanding the foregoing (but subject to the Lock-Up Agreements and to Section 3.4), at any time and from time to time
when an effective Shelf is on file with the Commission, if the Demanding Holders wish to engage in an underwritten or other coordinated
registered offering not involving a “roadshow,” an offer commonly known as a “block trade” (a “Block
Trade”), with a total offering price reasonably expected to exceed, in the aggregate, either (x) US$15,000,000 or (y) where
the Demanding Holder is the Sponsor (acting on behalf of the Sponsor Parties), all remaining Registrable Securities held by the Sponsor
(acting on behalf of the Sponsor Parties), then such Demanding Holders shall notify Acquiror, the other Demanding Holders and the Requesting
Holders (if any) of the Block Trade at least five (5) Business Days prior to the day such offering is to commence and Acquiror shall
as expeditiously as possible use reasonable efforts to facilitate such Block Trade; provided that the Demanding Holders representing
a majority of the Registrable Securities wishing to engage in the Block Trade shall use reasonable efforts to work with Acquiror and
any Underwriters prior to making such request in order to facilitate preparation of the Registration Statement, Prospectus and other
offering documentation related to the Block Trade.

 

2.9.2
Prior to the filing of the applicable “red herring” Prospectus or prospectus supplement used in connection with a Block Trade,
a majority-in-interest of the Demanding Holders initiating such Block Trade shall have the right to withdraw upon written notification
to Acquiror and the Underwriter or Underwriters (if any). Notwithstanding anything to the contrary in this Agreement, Acquiror shall
be responsible for the Registration Expenses incurred in connection with a Block Trade prior to its withdrawal under this Section 2.9.2.

 

2.9.3
Notwithstanding the time periods provided for in Section 2.8 in a Sponsor’s (acting on behalf of the Sponsor Parties),
Demanding Holders’ or Requesting Holders’ exercise of Piggyback Registration rights in connection with a Block Trade, Acquiror
and the Demanding Holders or Sponsor, as applicable, shall not be obligated to include the Sponsor’s (acting on behalf of the Sponsor
Parties), Demanding Holders’ or Requesting Holders’, as applicable, Registrable Securities in such Block Trade unless requested
to do so in writing within the Business Day immediately following the date on which notice of the Block Trade is given pursuant to subsection 2.9.1.

 

    12

     

    

 

2.9.4
The Demanding Holder in a Block Trade shall have the right to select the Underwriters for such Block Trade (which shall consist of one
or more reputable nationally recognized investment banks).

 

2.9.5
Holders in the aggregate may demand no more than one (1) Block Trade pursuant to this Section 2.9 in any three (3) month
period, and no more than three (3) Block Trades pursuant to this Section 2.9 within the first twelve (12) months following
the Closing. For the avoidance of doubt, any Block Trade pursuant to this Section 2.9 shall not be counted as an Underwritten
Takedown for purposes of subsection 2.4.3.

 

2.10
Market Stand-Off Agreement. Acquiror and each Holder given an opportunity to participate in an Underwritten Offering of equity
securities of Acquiror pursuant to the terms of this Agreement agrees that it shall not Transfer any Acquiror Shares or other equity
securities of Acquiror (other than those included in such offering pursuant to this Agreement), without the prior written consent of
the managing Underwriters, during the 90-day period beginning on the date of pricing of such offering. Acquiror and each Holder agrees
to execute a customary lock-up agreement in favor of the relevant Underwriters to such effect (in the case of a Holder, in each case
on substantially the same terms and conditions as all such Holders).

 

ARTICLE
III

ACQUIROR
PROCEDURES

 

3.1
General Procedures. In connection with any Shelf and/or Underwritten Takedown, Acquiror shall use reasonable efforts to effect
such Registration to permit the sale of such Registrable Securities in accordance with the intended plan of distribution thereof, and
pursuant thereto Acquiror shall, as expeditiously as possible:

 

3.1.1
Prepare and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and
use reasonable efforts to cause such Registration Statement to become effective and remain effective until such time as there are no
longer any Registrable Securities;

 

3.1.2
Prepare and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements
to the Prospectus, as may be reasonably requested by any Holder that holds at least five (5.0%) percent of the Registrable Securities
registered on such Registration Statement, or in the case of an Underwritten Takedown where the Sponsor (acting on behalf of the Sponsor
Parties) is a Demanding Holder, the Sponsor (acting on behalf of the Sponsor Parties), or any Underwriter of Registrable Securities or
as may be required by the rules, regulations or instructions applicable to the registration form used by Acquiror or by the Securities
Act or rules and regulations thereunder to keep the Registration Statement effective until all Registrable Securities covered by such
Registration Statement are sold in accordance with the intended plan of distribution set forth in such Registration Statement or supplement
to the Prospectus;

 

3.1.3
Prior to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters,
if any, and the Holders of Registrable Securities included in such Registration, and such Holders’ legal counsel, copies of such
Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including
all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including
each preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable Securities included in such
Registration or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities
owned by such Holders;

 

    13

     

    

 

3.1.4
Prior to any public offering of Registrable Securities, use reasonable efforts to (a) register or qualify the Registrable Securities
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States
as the Holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may
request and (b) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered
with or approved by such other governmental authorities as may be necessary by virtue of the business and operations of Acquiror and
do any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such
Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however,
that Acquiror shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required
to qualify or take any action which would subject it to general service of process or taxation in any such jurisdiction where it is not
then otherwise so subject;

 

3.1.5
Cause all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities
issued by Acquiror are then listed;

 

3.1.6
Provide a transfer agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of such Registration
Statement;

 

3.1.7
Advise each seller of such Registrable Securities, promptly, and in no event later than one Business Day, after it shall receive notice
or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement
or the initiation or threatening of any proceeding for such purpose and promptly take all actions reasonably required to prevent the
entry of any stop order or to obtain its withdrawal if such stop order should be entered;

 

3.1.8
At least five (5) Business Days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such
Registration Statement or Prospectus or any document that is to be incorporated by reference into such Registration Statement or Prospectus,
furnish a copy thereof to each seller of such Registrable Securities or its counsel (excluding any exhibits thereto and any filing made
under the Exchange Act that is to be incorporated by reference therein) and thereafter, take reasonable account of comments of counsel
to such seller;

 

3.1.9
Notify the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities
Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to promptly correct such Misstatement as set forth in Section 3.4 hereof;

 

3.1.10
Permit a representative of the Holders (such representative to be selected by a majority-in-interest of the participating Holders), the
Underwriters, if any, and any attorney or accountant retained by such Holders or Underwriter to participate, at each such person’s
own expense (other than with respect to Registration Expenses), in the preparation of the Registration Statement, and cause Acquiror’s
officers, directors and employees to supply all information reasonably requested by any such representative, Underwriter, attorney or
accountant in connection with the Registration; provided, however, that such representative, or Underwriters enter into a confidentiality
agreement, in customary form and substance reasonably satisfactory to Acquiror, prior to the release or disclosure of any such information;

 

    14

     

    

 

3.1.11
Obtain a “comfort” letter from Acquiror’s independent registered public accountants in the event of an Underwritten
Registration, in customary form and covering such matters of the type customarily covered by “comfort” letters as the managing
Underwriter may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating Holders;

 

3.1.12
In the event of an Underwritten Registration, on the date the Registrable Securities are delivered for sale pursuant to such Registration,
obtain (a) an opinion, dated such date, of counsel representing Acquiror for the purposes of such Registration, addressed to the participating
Holders, the placement agent or sales agent, if any, and the Underwriters, if any, covering such legal matters with respect to the Registration
in respect of which such opinion is being given as the participating Holders, placement agent, sales agent, or Underwriter may reasonably
request and as are customarily included in such opinions, and reasonably satisfactory to a majority-in-interest of the participating
Holders, and (b) a negative assurance (“10b-5”) letter, dated such date, of counsel representing Acquiror for the
purposes of such Registration, addressed to the placement agent or sales agent, if any, and the Underwriters, if any, covering such legal
matters with respect to the Registration in respect of which such 10b-5 letter is being given as the placement agent, sales agent, or
Underwriter may reasonably request and as are customarily included in such 10b-5 letters;

 

3.1.13
In the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

3.1.14
Make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve
(12) months beginning with the first day of Acquiror’s first full calendar quarter after the effective date of the Registration
Statement which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule
then in effect);

 

3.1.15
With respect to an Underwritten Offering pursuant to Section 2.4, use reasonable efforts to make available senior executives
of Acquiror to participate in customary “road show” presentations that may be reasonably requested by the Underwriter in
such Underwritten Offering; and

 

3.1.16
Otherwise, in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the participating
Holders, consistent with the terms of this Agreement, in connection with such Registration.

 

3.2
Registration Expenses. The Registration Expenses of all Registrations shall be borne by Acquiror. It is acknowledged by the Holders
that each Holder shall bear any Underwriters’ commissions and any related transfer taxes attributable to the sale of such Holder’s
Registrable Securities in connection with any Underwritten Takedown.

 

3.3
Requirements for Participation in Underwritten Offerings. Each Holder shall provide such information as may reasonably be required
by Acquiror, or the managing Underwriter or placement agent or sales agent, if any, in connection with the preparation of any Registration
Statement or Prospectus, including amendments and supplements thereto, in order to effect the Registration of any Registrable Securities
under the Securities Act pursuant to Article 2 and in connection with Acquiror’s obligation to comply with federal and applicable
state securities laws. Notwithstanding anything in this Agreement to the contrary, if any Holder does not provide such information, Acquiror
may exclude such Holder’s Registrable Securities from the applicable Registration Statement or Prospectus if Acquiror determines,
based on the advice of reputable external counsel, that such information is necessary to effect the Registration and such Holder continues
thereafter to withhold such information. No person may participate in any Underwritten Offering for equity securities of Acquiror pursuant
to a Registration initiated by Acquiror hereunder unless such person:

 

    15

     

    

 

3.3.1
Agrees to sell such person’s securities on the basis provided in any customary underwriting arrangements approved by Acquiror (after
having considered and taken reasonable account of comments of a single U.S. counsel for the Holders which are selling in the Underwritten
Offering); and

 

3.3.2
Completes and executes all customary questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and
other customary documents as may be reasonably required under the terms of such underwriting arrangements.

 

The
exclusion of a Holder’s Registrable Securities as a result of this Section 3.3 shall not affect the Registration of
the other Registrable Securities to be included in such Registration.

 

3.4
Suspension of Sales; Adverse Disclosure. Notwithstanding any provision of this Agreement to the contrary, upon written notice
to the Holders, Acquiror shall have the right to defer any registration of Registrable Securities hereunder or suspend the disposition
of Registrable Securities pursuant to an existing Registration Statement covering such Registrable Securities for such period as may
be applicable, in each case if Acquiror determines, in the good faith judgment of the Board of Directors of Acquiror (as certified to
the Holders in a certificate signed by the Chairman of the Board), that it would be materially detrimental to Acquiror and its shareholders
for such registration of Registrable Securities to be effected or for a party to dispose of Registrable Securities pursuant to an existing
Registration Statement at such time; provided, however, that Acquiror shall not have the right to exercise the right set forth
in this Section 3.4 more than twice or for more than 60 consecutive days or more than a total of 120 days in any 12-month period
hereunder.

 

3.5
Reporting Obligations. As long as any Holder shall own Registrable Securities, Acquiror, at all times covenants to file timely
(or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by Acquiror after
the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act and to promptly furnish the Holders with true and complete
copies of all such filings; provided that any documents publicly filed or furnished with the Commission pursuant to the Electronic
Data Gathering, Analysis and Retrieval system shall be deemed to have been furnished or delivered to the Holders pursuant to this Section 3.5.
Acquiror further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from
time to time to enable such Holder to sell Acquiror Shares held by such Holder without registration under the Securities Act within the
limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule then in effect). Upon
the request of any Holder, Acquiror shall deliver to such Holder a written certification of a duly authorized officer as to whether it
has complied with such requirements.

 

    16

     

    

 

ARTICLE
IV

INDEMNIFICATION
AND CONTRIBUTION

 

4.1
Indemnification by Acquiror. To the extent permitted by law, Acquiror agrees to indemnify and hold harmless each Holder of Registrable
Securities, its officers, employees, directors, affiliates, partners, members, attorneys and agents, and each person, if any, who controls
such Holder (within the meaning of the Securities Act) (each, a “Holder Indemnified Party”), from and against all
losses, judgments, claims, damages, liabilities and expenses (including without limitation reasonable outside attorneys’ fees),
whether joint or several, arising out of or that are based upon any untrue or alleged untrue statement of material fact contained in
any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto, or arising out of or
that are based upon any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein not misleading, or any violation by Acquiror of the Securities Act or any rule or regulation promulgated thereunder applicable
to Acquiror and relating to action or inaction required of Acquiror in connection with any such registration, Acquiror shall promptly
reimburse the Holder Indemnified Party for any reasonable expenses properly incurred by such Holder Indemnified Party in connection with
investigating and defending any proceeding or action to which this Section 4.1 applies (including the reasonable fees and
disbursements of legal counsel), loss, judgment, claim, damage, liability or action, except insofar as the same are caused by or contained
in any information furnished in writing to Acquiror by such Holder expressly for use therein. Acquiror shall indemnify the Underwriters,
their officers and directors and each person who controls such Underwriters (within the meaning of the Securities Act) to the same extent
as provided in the foregoing with respect to the indemnification of the Holder Indemnified Party.

 

4.2
Information Provided by Holders. To the extent permitted by law, each Holder shall indemnify and hold harmless Acquiror, its officers,
employees, directors, affiliates, partners, members, attorneys and agents and each person, if any, who controls Acquiror (within the
meaning of the Securities Act) from and against all losses, judgements, claims, damages, liabilities and expenses (including without
limitation reasonable outside attorneys’ fees), whether joint or several, arising out of or that are based upon any untrue statement
of material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading,
but only to the extent that such untrue statement or omission was made in reliance upon and in conformity with information furnished
in writing by such Holder to Acquiror expressly for use therein; provided, however that the obligation to indemnify shall be several,
not joint or joint and several, among such Holders of Registrable Securities, and the liability of each such Holder of Registrable Securities
shall be in proportion to and limited to the net proceeds received by such Holder from the sale of Registrable Securities pursuant to
such Registration Statement. The Holders of Registrable Securities shall indemnify the Underwriters, their officers, directors and each
person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing with
respect to indemnification of Acquiror.

 

4.3
Indemnification Process.

 

4.3.1
Any person entitled to indemnification herein shall:

 

(a)
give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that the failure
to give prompt notice shall not impair any person’s right to indemnification hereunder to the extent such failure has not materially
prejudiced the indemnifying party); and

 

(b)
permit an indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party.

 

    17

     

    

 

4.3.2
If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party
without its consent (but such consent shall not be unreasonably withheld, conditioned or delayed).

 

4.3.3
The indemnified party shall have the right to employ separate counsel (but no more than one such separate counsel, which counsel is reasonably
acceptable to the indemnifying party) to represent the indemnified party and its controlling persons who may be subject to liability
arising out of any claim in respect of which indemnity may be sought by the indemnified party against the indemnifying party, with the
reasonably incurred fees and expenses of such counsel to be paid by such indemnifying party if the indemnified party and the indemnifying
party are named as defendants and, based upon the written opinion of counsel of such indemnified party, representation of both the indemnified
party and the indemnifying party by the same counsel would be inappropriate due to actual or potential differing interests between them.

 

4.3.4
No indemnifying party shall, without the prior written consent of the indemnified party, consent to the entry of any judgment or enter
into any settlement of any claim or pending or threatened proceeding in respect of which the indemnified party is or could have been
a party and indemnity could have been sought hereunder by such indemnified party which (i) cannot be settled in all respects by the payment
of money (and if any such money is required to be paid under such judgment or settlement it shall be so paid by the indemnifying party
pursuant to the terms of such judgment or settlement), or (ii) settlement includes a statement or admission of fault or culpability on
the part of an indemnified party or (iii) settlement does not include as an unconditional term thereof the giving by the claimant or
plaintiff to each indemnified party of a release from all liability in respect to such claim or litigation.

 

4.3.5
The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or
on behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer
of securities.

 

4.4
Contribution. If the indemnification provided under Sections 4.1, 4.2, and 4.3 from the indemnifying
party is judicially determined to be unavailable or insufficient to hold harmless an indemnified party in respect of any losses, claims,
damages, liabilities and out-of-pocket expenses referred to herein, then the indemnifying party, in lieu of indemnifying the indemnified
party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities
and out-of-pocket expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified
party in connection with the actions or omissions which resulted in such loss, claim, damage, liability or action, as well as any other
relevant equitable considerations. The relative fault of any indemnifying party and any indemnified party shall be determined by reference
to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission
or alleged omission to state a material fact, was made by (or omitted to be made by, in the case of an omission), or relates to information
supplied by (or not supplied by, in the case of an omission), such indemnifying party or indemnified party, and the indemnifying party’s
and indemnified party’s relative intent, knowledge, access to information and opportunity to correct or prevent such statement
or omission; provided, however, that the liability of any Holder under this subsection 4.4 shall be limited to the
amount of the net proceeds actually received by such Holder in such offering giving rise to such liability, and no Holder shall have
any liability for contribution to the extent that such Holder would not have been liable for indemnification pursuant to this Agreement.
The amount paid or payable by an indemnified party as a result of the losses or other liabilities referred to above shall be deemed to
include, subject to the limitations set forth in subsections 4.1, 4.2 and 4.3 above, legal or other fees, charges
or out-of-pocket expenses reasonably incurred by such indemnified party in connection with any investigation or proceeding. The parties
hereto agree that it would not be just and equitable if contribution pursuant to this subsection 4.4 were determined by pro
rata allocation or by any other method of allocation, which does not take account of the equitable considerations referred to in this
subsection 4.4. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(1) of the Securities
Act) shall be entitled to contribution pursuant to this subsection 4.4 from any person who was not guilty of such fraudulent
misrepresentation.

 

    18

     

    

 

ARTICLE
V

MISCELLANEOUS

 

5.1
Notices. All general notices, demands or other communications required or permitted to be given or made hereunder (“Notices”)
shall be in writing and delivered personally or sent by courier or sent by electronic mail to the intended recipient thereof. Any such
Notice shall be deemed to have been duly served (a) if given personally or sent by local courier, upon delivery during normal business
hours at the location of delivery or, if later, then on the next Business Day after the day of delivery; (b) if sent by electronic mail
during normal business hours at the location of delivery, immediately, or, if later, then on the next Business Day after the day of delivery;
or (c) the third Business Day following the day sent by reputable international overnight courier (with written confirmation of receipt).
Any notice or communication under this Agreement must be addressed, if to Acquiror, to: Fat Projects Acquisition Corp., 27 Bukit Manis
Road, Singapore 099892, Attention: David Andrada and Nils Michaelis (email: david@fatprojects.com and nils@fatprojects.com, with
a copy to Nelson Mullins Riley & Scarborough LLP, 101 Constitution Avenue, NW, Suite 900, Washington, DC 20001, Attention Andrew
M. Tucker and Eric K. Graben, andy.tucker@nelsonmullins.com and eric.graben@nelsonmullins.com), and if to any Holder, at such Holder’s
address or contact information as set forth under such Holder’s signature to this Agreement or to such Holder’s address as
found in Acquiror’s books and records. Any party may change its address for notice at any time and from time to time by written
notice to the other parties hereto, and such change of address shall become effective thirty (30) days after delivery of such notice
as provided in this Section 5.1. Any Holder not desiring to receive Notices at any time and from time to time may so notify
the other parties, who shall thereafter not make, give or deliver any Notice to such Holder until duly notified otherwise (or until the
expiry of any period specified in such Holder’s notice).

 

5.2
Assignment; No Third Party Beneficiaries; Exercise of Sponsor Rights.

 

5.2.1
This Agreement and the rights, duties and obligations of Acquiror hereunder may not be assigned or delegated by Acquiror in whole or
in part.

 

5.2.2
Prior to the expiration of the lock-up period applicable to such Holder pursuant to any Lock-Up Agreement, no Holder may assign or delegate
such Holder’s rights, duties or obligations under this Agreement, in whole or in part, except in connection with a transfer of
Registrable Securities by such Holder to a Permitted Transferee but only if such Permitted Transferee agrees to become bound by the terms
and conditions of this Agreement. After the expiration of the lock-up period applicable to such Holder pursuant to any Lock-Up Agreement,
the Holder may assign or delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part, to any
person to whom it transfers Registrable Securities; provided that such Registrable Securities remain Registrable Securities following
such transfer, and such person agrees to be bound by the terms and conditions of this Agreement.

 

    19

     

    

 

5.2.3
Where a reference is made to Sponsor exercising any right with respect to, or acting on behalf of the Sponsor Parties, the Sponsor shall
have the right to exercise the rights of the Sponsor with respect to any or all Registrable Securities held by any or all of the Sponsor
Parties and any threshold applicable to the exercise of such rights shall be deemed to include all such Registrable Securities held by
any of the Sponsor Parties which are the subject to the relevant demand, exercise of rights or other action. Notwithstanding the provisions
of Section 5.2.2, the rights set forth in this Agreement as rights of “the Sponsor (acting on behalf of the Sponsor
Parties)”, including under Sections 2.4, 2.9 and 3.1 (the “Sponsor Specific Rights”)
shall only be exercisable by the Sponsor (acting on behalf of the Sponsor Parties and for and with respect to any Registrable Securities
of any of the Sponsor Parties) and not by any other Sponsor Party unless and until Sponsor no longer holds any Registrable Securities,
following which time the Sponsor Party holding the largest number of Registrable Securities at any given time shall be deemed to have
been assigned the Sponsor Specific Rights as “Sponsor” and such Sponsor Party shall be the sole Sponsor Party with the power
to exercise the Sponsor Specific Rights as “Sponsor” for and on behalf of any then remaining Sponsor Parties, and the provisions
of this sentence shall also apply subsequently if any such Sponsor Party ceases to hold Registrable Securities.

 

5.2.4
This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors
and the permitted assigns of the Holders, which shall include Permitted Transferees.

 

5.2.5
This Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth
in this Agreement and Section 5.2 hereof.

 

5.2.6
No assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate Acquiror
unless and until Acquiror shall have received (i) written notice of such assignment as provided in Section 5.1 hereof and (ii) the
written agreement of the assignee, in the form attached as an Exhibit A hereto (an “Addendum Agreement”), to be bound
by the terms and conditions of this Agreement. Any transfer or assignment made other than as provided in this Section 5.2
shall be null and void. The execution of an Addendum Agreement by the parties thereto shall constitute a permitted amendment of this
Agreement notwithstanding the provisions of Section 5.8.

 

5.3
Counterparts. This Agreement may be executed in multiple counterparts (including by electronic means), each of which shall be
deemed an original, and all of which together shall constitute the same instrument, but only one of which need be produced.

 

5.4
Governing Law; Venue. Each party expressly agrees that this Agreement, and all claims or causes of action based upon, arising
out of, or related to this Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with,
the laws of the State of New York, without giving effect to principles or rules of conflict of laws to the extent such principles or
rules would require or permit the applicable of laws of another jurisdiction. Any claim or cause of action based upon, arising out of
or related to this Agreement or the transactions contemplated hereby may be brought in federal and state courts located in the State
of New York, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court, waives any obligation it may
now or hereafter have to personal jurisdiction, venue or to convenience of forum, agrees that all claims in respect of any cause of action
may be heard and determined only in any such court, and agrees not to bring any cause of action arising out of or relating to this Agreement
or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any party
to serve process in any manner permitted by law or to commence legal proceedings or otherwise proceed against any other party in any
other jurisdiction, in each case, to enforce judgments obtained in any action brought pursuant to this Section 5.4. EACH
OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

    20

     

    

 

5.5
Severability. The invalidity or unenforceability of any specific provision of this Agreement shall not invalidate or render unenforceable
any of its other provisions. Any provision of this Agreement held invalid or unenforceable shall be deemed reformed, if practicable,
to the extent necessary to render it valid and enforceable and to the extent permitted by law and consistent with the intent of the parties
to this Agreement.

 

5.6
Entire Agreement. This Agreement sets forth the entire understanding of the parties with respect to the subject matter hereof.
There are no agreements, representations, warranties, covenants or understandings among the parties with respect to the subject matter
hereof other than those expressly set forth herein and therein. This Agreement supersedes all other prior agreements and understandings
between the parties with respect to such subject matter.

 

5.7
Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual
intent, and no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or”
is disjunctive but not exclusive; (b) words in the singular include the plural, and in the plural include the singular; (c) the words
“hereof,” “herein,” “hereunder” and words of similar import when used in this Agreement refer to
this Agreement as a whole and not to any particular provision of this Agreement, and section and subsection references are to this Agreement
unless otherwise specified; (d) the term “including” is not limiting and means “including without limitation”;
(e) whenever the context requires, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms; (f)
references to agreements and other documents shall be deemed to include all subsequent amendments and other modifications or supplements
thereto; and (g) references to statutes shall include all regulations promulgated thereunder and references to statutes or regulations
shall be construed as including all statutory and regulatory provisions consolidating, amending or replacing the statute or regulation.
The headings, subheadings and captions contained in this Agreement are included for convenience of reference only, and in no way define,
limit or describe the scope of this Agreement or the intent of any provision hereof.

 

5.8
Amendments and Modifications. Upon the written consent of Acquiror and the Holders of at least a majority of the Registrable Securities
at the time in question and the Sponsor, compliance with any of the provisions, covenants and conditions set forth in this Agreement
may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however, that notwithstanding
the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in its capacity as a holder of the shares
of capital stock of Acquiror, in a manner that is materially different from the other Holders (in such capacity) shall require the prior
written consent of the Holder so affected. No course of dealing between any Holder or Acquiror and any other party hereto or any failure
or delay on the part of a Holder or Acquiror in exercising any rights or remedies under this Agreement shall operate as a waiver of any
rights or remedies of any Holder or Acquiror. No single or partial exercise of any rights or remedies under this Agreement by a party
shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

 

    21

     

    

 

5.9
Other Registration Rights. Acquiror represents and warrants that no person, other than (a) a Holder of Registrable Securities,
(b) a holder of IPO Warrants or IPO Warrant Shares, (c) a holder of Founder Shares, Private Placement Warrants, Working Capital Warrants
or Extension Warrants, each as defined in the Sponsor Registration Rights Agreement or (d) a holder of PIPE Securities, has any right
to require Acquiror to register any securities of Acquiror for sale or to include such securities of Acquiror in any Registration filed
by Acquiror for the sale of securities for its own account or for the account of any other person. The Holders hereby acknowledge that
(i) holders of the IPO Warrants and IPO Warrant Shares have registration rights as contemplated in the IPO Prospectus and the IPO Warrant
Agreement, (ii) holders of Founder Shares, Private Placement Warrants, Working Capital Warrants and Extension Warrants have the registration
rights as contemplated in the Sponsor Registration Rights Agreement and (iii) Acquiror is entitled to grant resale registration rights
to holders of PIPE Securities in the PIPE Subscription Agreements. As of the Closing there will not be any registration rights related
to securities of Acquiror other than under this Agreement, the IPO Prospectus and the IPO Warrant Agreement, the Sponsor Registration
Rights Agreement and the PIPE Subscription Agreements.

 

5.10
Termination of Prior Agreements and Effectiveness of this Agreement.

 

5.10.1
This Agreement shall take effect as of and from the Closing; provided, that if the Business Combination Agreement is terminated
prior to the Closing, this Agreement shall not become effective and shall be deemed void.

 

5.10.2
With effect from the Closing, each party to this Agreement hereby irrevocably waives and agrees not to exercise or enforce any rights
it may have in respect of the registration of Registrable Securities pursuant to any other agreement including, without limitation, any
PIPE Subscription Agreement.

 

5.11
Term. This Agreement shall terminate, with respect to any Holder, on the date that such Holder no longer holds any Registrable
Securities. Notwithstanding the foregoing, the provisions of Section 3.2, Section 3.5, and Section 4
shall survive any termination.

 

[Signature
Pages Follow]

 

    22

     

    

 

IN
WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the date first written above.

 

	 	FAT
    PROJECTS ACQUISITION CORP.
	 	 	 
	 	By:
    	/s/
    David Andrada
	 	 	 
	 	Name:
	David
    Andrada
	 	 	 
	 	Title:	Co-CEO,
    CFO and Director
	 	 	 
	 	FAT
    PROJECTS SPAC PTE. LTD.
	 	 	 
	 	By:
    	/s/
    David Andrada
	 	 	 
	 	Name:	David
    Andrada
	 	 	 
	 	Title:	Co-CEO,
    CFO, and Director
	 	 	 
	 	AVANSEUS
    HOLDINGS PTE. LTD.
	 	 	 
	 	By:
    	/s/
    Bhargab Mitra
	 	 	 
	 	Name:	Bhargab
    Mitra
	 	 	 
	 	Title:	Director

 

    23

     

    

 

	 	HOLDER
	 	 
	 	APOLLO
    CONSULTING SRL
	 	 	 
	 	By:
    	/s/
    Giuseppe Donagemma

	 	 	 
	 	Name:	Giuseppe
    Donagemma

	 	 	 
	 	Title:	Managing
    Director

	 	 	 
	 	HOLDER

	 	 
	 	BHARGAB
                                            MITRA

	 	 
	 	/s/
    Bhargab Mitra

	 	 	 
	 	HOLDER

	 	 
	 	CHIRANJIB
                                            BHANDARY

	 	 
	 	/s/
    Chiranjib Bhandary

	 	 	 
	 	HOLDER

	 	 
	 	CRYSTAL
                                            TECHNOLOGY SERVICES PTE. LTD.

	 	 	 
	 	By:
    	/s/
    Srinivasan Thukkaram

	 	 	 
	 	Name:	Srinivasan
    Thukkaram

	 	 	 
	 	Title:	Director

 

    24

     

    

 

	 	HOLDER
	 	 
	 	Darryl Mark Rodrigues
	 	 
	 	/s/ Darryl Mark Rodrigues
	 	 
	 	HOLDER
	 	 
	 	GIUSEPPE DONAGEMMA
	 	 
	 	/s/ Giuseppe Donagemma
	 	 
	 	HOLDER
	 	 
	 	NG MEI LAN (NG MEI CHIN)
	 	 
	 	/s/ Ng Mei Lan
	 	 
	 	HOLDER
	 	 
	 	RAJENDRA NARAYAN PANDA
	 	 
	 	/s/ Rajendra Narayan Panda

 

    25

     

    

 

EXHIBIT
A

 

Addendum
Agreement

 

This
Addendum Agreement (“Addendum Agreement”) is executed on [●] by the undersigned (the “New Holder”)
pursuant to the terms of that certain Registration Rights Agreement dated as of August 25, 2022 (the “Agreement”),
by and among Fat Projects Acquisition Corp., a Cayman Islands exempted company limited by shares, Fat Projects SPAC Pte. Ltd., a Singapore
private company limited by shares, certain parties identified as Holders therein, and solely for the purposes of Section 5.10
of the Agreement, Avanseus Holdings Pte. Ltd., a Singapore private company limited by shares, as such Agreement may be amended, supplemented
or otherwise modified from time to time. Capitalized terms used but not defined in this Addendum Agreement shall have the respective
meanings ascribed to such terms in the Agreement.

 

By
the execution of this Addendum Agreement, the New Holder agrees as follows:

 

1.
Acknowledgment. New Holder acknowledges that New Holder is acquiring certain Registrable Securities (as defined in the Agreement)
as a transferee of such Registrable Securities from a party in such party’s capacity as a holder of Registrable Securities under
the Agreement, and after such transfer, New Holder shall be considered a “Holder” and a holder of Registrable Securities
for all purposes under the Agreement.

 

2.
Agreement. New Holder hereby (a) agrees that the Registrable Securities shall be bound by and subject to the terms of the Agreement
and (b) adopts the Agreement with the same force and effect as if the New Holder were originally a party thereto.

 

3.
Notice. Any notice required or permitted by the Agreement shall be given to New Holder at the address or facsimile number listed
below New Holder’s signature below.

 

	 	ACCEPTED
    AND AGREED:
	 	 
	 	FAT
    PROJECTS ACQUISITION CORP.
	 	 
	 	By:
    	 
	 	 	 
	 	Name:
    	 
	 	 	 
	 	Title:
    	 
	 	 	 
	 	NEW
    HOLDER
	 	 	 
	 	 	 
	 	 	 
	 	Name:	 

 

    26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]