Document:

Exhibit 10.1

 

 

CREDIT FACILITIES

 

We,
Bank of China (Malaysia) Berhad ("the Bank" or ''BOCM") are pleased to offer you ("the Borrower") the
under mentioned facilities ("the Facilities") subject to the terms and conditions hereunder and outlined in the attached
Annexure: -

 

 

 

	PURPOSE: 	TL
	 	To redeem 15-Storey commercial office building and an annexed 2-storey podium block with a basement carpark held under Geran No. 10010, Lot 238, Section 43, Town and District of Kuala Lumpur, Wilayah Persekntuan Kuala Lumpur known as No. 160, Jalan Ampang, 50450 Kuala Lumpur from Hong Leong Bank Berhad. ("the Property").
	 	 
	 	RC
	 	For working capital requirements of Le Apple Boutique Hotel (KLCC) Sdn Bhd (Co. No: 963265-D).
	 	 
	 	The Bank reserves the right to recall the Facilities if not used for the purpose granted.
	 	 
	SECURITY/SUPPORT:	1) Facilities Agreement to be stamped to secure the principal sum RM55,000,000-00 together with interest accruing
thereon and all other monies owing. ("the Facilities Agreement")
	 	 
	 	2)
A registered all monies first par(y charge by Borrower over 15-Storey commercial office building and an annexed 2-storey podium
block with a basement" carpark held under Geran No. 10010, Lot 238, Section 43, Town and District of Kuala Lumpur, Wilayah
Persekntuan Kuala Lumpur known as No. 160, Jalan Ampang, 50450 Kuala Lumpur ( "the Charge")

	 	 

 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

 

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	3)		A Debenture incorporating fixed and floating charge for RM55,000,000-00 plus interest
thereon over all the present and future assets of the Borrower.

	4)		Personal Guarantee for the principal sum of RM55,000,000-00 together with interest
thereon to be executed by Wong Weng Kung (NRIC No: 720909-08-5057).

	5)		A Corporate Guarantee for the principal sum of RM 55,000,000-00 together with interest
thereon to be executed by Union Hub Technology Sdn Bhd (Company No. 807388-P).

	6)		Deed of Assignment of Rental Proceeds over the rights and interest to the rental of
the Property. The Chargor/Borrower is to issue a Notice of Assignment to tenants instructing deposit of rentals into Borrower's
current account maintained with the Bank The said Notice of Assignment(s) is/are to be acknowledged by the respective tenants.

	7)		Any other documents as advised by the Bank's panel lawyer.

 

If at any time the Bank
shall consider that the security is insufficient, you shall immediately but in any event not later than 14 days from the date
of a notice from the Bank provide such further security as the Bank shall require whether in cash or otherwise of such value and
for such tenure as the Bank shall in its absolute discretion decide.

 

	TENURE:	TL - 10 years
	 	 
	 	RC - repayable on demand or at rollover options of 1,3,6 &
12 months
	 	 
	 	TL - 1.00% per annum above BLR on daily rests basis.
	 	 
	 	RC - 1.50% per annum above COF on daily rests.
	 	 
	 	The BOCM's Base Lending Rate (BLR) is currently 6.60%. p.a. as at
the date of this Letter of Offer.

 

The Bank reserves the right to vary interest
rates/charges in accordance with the prevailing market conditions' at its absolute discretion or the prevailing prescribed/financing
rates where applicable.

	 	 

 

	TERMS GOVERNING TL:	1)  	Repayment

To be repaid by monthly
instalments of RM476,898-00 each commencing one month after full drawdown over a period of 120 months or until full settlement.

 

Pending the full drawdown
of your loan, you shall service interest only which will be calculated on a daily basis at the aforesaid rate on the drawndown
portion by way of debiting your current account on or before the I" day after each month.

 

Your account is to be sufficiently
funded before the I" day of each month to service loan repayment and interest.

	 	 	 
	 	2)  	Availability period

The TL is to be drawndown by 6 months from
issuing date of Letter of Offer beyond which date any undrawn portion may be cancelled at the Bank's discretion.

	 	 	 
	 	3)  	In the event of late payment of principal and/or interest, additional
interest on the amount overdue will be charged at 1.0% per annum over the above interest rate, from the due date until the date
of payment.

	 	 	 
	 	 	 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

 

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	 	 	All interest due shall be capitalized and added for all purposes to the principal sum and bear interest at
the relevant applicable rate notwithstanding any demand by the Bank and/or cessation of the banker and customer relationship for
whatever reason
	 	 	 
	TERMS GOVERNING RC:	1)  	Commitment fee

1.0% per annum will be
charged on the unutilized portion of the RC which is payable monthly in arrears by way of debiting the Borrowers' current account.

	 	 	 
	 	2)  	Overdue Interest

Without prejudice to the rights and remedies
of the Bank, if you have defaulted in the payment of any sums on their respective due dates, you shall pay interest on the overdue
sum at the rate of 1% p.a. above the Prescribed Rate of RC or such other rate as the Bank may, at it sole discretion, at any time
and from time to time, impose without notice to you, and such rate or rates of interest shall be payable by you from the due date
until the actual date of payment.

	 	 	 
	 	3)  	Prepayment

Interest shall be charged and not be refunded
in the event of RC being settled before the relevant maturity date.

	 	 	 
	 	 	In the event that the Borrower insists on prepaying
the RC or part thereof, the Borrower must give one (1) month's prior written notice of such intention except for rollover options
of up to one (1) month where prepayment is not applicable, failing which the Borrower shall at the Bank's sole discretion further
pay to the Bank on demand such additional amount as the Bank shall deem necessary to compensate it for any loss, premium, penalty
or expenses incurred or to be incurred by it (including loss of applicable margin) on account of funds borrowed or committed for,
to make available, fund or maintain its lending in the amounts cancelled or prepaid.

	 	 	 
	 	4)  	Drawdown
	 	 	 
	 	 	i) RC is allowed to drawdown after full release
of TL.

	 	 	 
	 	 	ii) The drawdown of the RC is subject to the
following:-

	 	 	 
	 	 	a) Submission of written and irrevocable Notice
of Drawdown (in the form prescribed by the Bank) to the Bank at least two (2) working days before the intended drawdown date.

	 	 	 
	 	 	b) Each drawdown is for a minimum amount of RMl,000,000-00 and
    thereafter to be in multiples of RM500,000-00 for rollover at the Interest Period as stated in the Letter of Offer at the
    Bank's absolute discretion provided that the aggregate amount drawdown shall not exceed RM15,000,000-00.
	 	 	 
	 	5)  	Interest Period
	 	 	 
	 	 	a) Each Interest Period for drawdown and/or rollover of RC shall be 1, 3, 6 or 12 months.
	 	 	 
	 	 	b) Interest Period for a Drawing or a rollover
of a Drawing shall not extend beyond the Tenure of the RC.

	 	 	 
	 	6)  	Repayment
	 	 	a) The principal amount drawdown is to be repaid on the last day of each Interest Period by
    debiting from the Borrower's RM current account.
	 	 	 
	 	 	b) The interest is to be serviced in arrears on the last day of
each Interest Period by debiting from the Borrower's RM current account.

	 	 	 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

 

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	 	7)  	Subject to the Bank's agreement, the
Borrower may, by giving to the Bank a written and irrevocable Rollover Notice (in the form prescribed by the Bank), request to
rollover a Drawing for a further Interest Period as stated in the Letter of Offer, PROVIDED THAT:

 

a) The written and irrevocable rollover notice
must be received by the Bank two (2) working days before the last day of the current Interest Period for the Drawing requested
to be rolled-over;

 

b) All accrued interest on such Drawing requested
to be rolled-over shall have been fully paid.

 

Notwithstanding anything herein in the Letter
of Offer contained, the Bank reserves the right to limit the Interest Period of a Drawing or a rollover of a Drawing to such period
as the Bank may determine and further in addition thereto the Bank shall be at liberty at its sole discretion without having to
give any reasons therefore refuse to rollover a Drawing despite having received a Rollover Notice from the Borrower,

	 	 	 
	CONDITIONS PRECEDENT:	1)  	Acceptance of this Letter of Offer and upon completion of security documentation;
	 	 	 
	 	2)  	A certified true copy/extract of Board of
Directors' resolution authorizing acceptance of the Letter of Offer and the creation of the security is to be furnished to the
Bank.

	 	 	 
	 	3)  	A certified true copy/extract of Board of Directors' resolution sanctioning the giving of the Corporate Guarantee
to secure the credit facilities granted to the Borrower is to be furnished
to the Bank with a confirmation by its company secretary that the company is empowered to provide the security in respect of the
Borrower's facilities under its Memorandum and Articles of Association and without violating Section 133A of the Companies Act
1965.
	 	 	 
	 	4)  	The paid-up capital of the Borrower is to be increased to RM50,000,000-00 as evidenced by a certified true
copy of the Form 24 supported with documentary evidence on lodgment with CCM.
	 	 	 
	 	5)  	The Bank’s solicitors are to confirm that there are no adverse reports in the Jabatan
Insolvensi Malaysia (JIM) searches on Borrower and its Director(s) and all the security parties.
	 	 	 
	 	6)  	Receipt of Companies Commission of Malaysia (CCM) Search on Borrower to confirm that there is no restrictive
covenants and debenture created over assets of the company.
	 	 	 
	 	7)  	Satisfactory title search on the Property.
	 	 	 
	 	8)  	Submission of a valuation report by the Bank's panel valuer indicating an Open Market Value at least RM87,000,000-00
for the Property. Otherwise, the Bank reserves the rights to reduce the Facility(ies) limit accordingly. The valuer is to extend
its Professional Liability to the Bank.
	 	 	 
	 	9)  	The Borrower is to furnish the Bank an irrevocable Letter of Instruction to debit its current
account maintained with the Bank for monthly installment of TL and all other charges and expenses incurred in relation to the credit
facilities and account maintained with the Bank.
	 	 	 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

 

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	 	10)  	Submission of rental/leasing agreement signed between Tenant and the Borrower with monthly rental of not less
than RM550,000-00 per month.
	 	 	 
	 	11)  	One-off Facility Fee of RM1 0,000-00.
	 	 	 
	 	12)  	All statutory and other approvals as may be necessary for the acceptance and utilization of the facility by
the Borrower (including the approvals of Bank Negara Malaysia,. if necessary)
	 	 	 
	 	13)  	Upon fulfillment of all other conditions precedent or any other conditions that the Bank may impose.
	 	 	 
	OTHER TERMS		 
	& CONDITIONS:	1)  	Review/cancellation

All credit facilities are granted conditional
upon the Borrower conducting the accounts actively and satisfactorily within the limit at all times.

 

Notwithstanding the above, the credit facilities
are subject to periodic reviews at the Bank's sole discretion. During reviews, the Bank may vary, cancel or add to the terms of
the facilities as it deems fit. In such event, the Bank may require the Borrower to execute such other documents as the Bank's
lawyers may advise at the Borrower's cost and expenses.

	 	 	 
	 	2)  	Insurance

The Borrower undertakes to adequately insure
the property(ies)/ the assets under the Debenture/ the project against fire and such other hazards as the Bank may designate ,with
an insurance company on the Bank's panel and with interests vested in the Bank as Mortgagee and loss payee. The original copy of
the policy together with the premium receipt is to be forwarded to the Bank soonest possible. Furthermore, the benefit of the insurance
and such renewal thereof shall be absolutely assigned to the Bank during the currency of the credit facilities herein granted.

 

Nothing in this Letter of Offer shall be construed
to obligate the Bank to obtain adequate insurance coverage or to make it liable for any loss resulting from the lack of insurance
coverage.

	 	 	 
	 	3)  	Revaluation exercise

The Bank shall be at liberty to engage from
time to time a valuer to value the charged/ assigned property and make a valuation report thereon at the expense of the Borrower
where deemed necessary. All fees/expenses shall be borne by the Borrower.

	 	 	 
	 	4)  	Opening of Account

A Current Account is to be opened (if it is
not opened yet) and actively maintained at all times with our Bank, which the Bank is hereby irrevocably authorised to debit the
said account with monthly repayments, payment of interest, commission, banking charges, legal fees, insurance premiums and all
other charges, fees, costs and expenses incurred in relation to the Facilities and the said account or other account(s) maintained
with the Bank without prior reference to the Borrower.

 

The Borrower is to ensure that the Current
Account or other account(s) has sufficient credit balances at all times in order to meet the above payments.

	 	 	 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

 

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For the remaining Terms and Conditions of the facilities, please
refer to Annexure attached which forms an integral part of this offer.

 

 

Please signify your acceptance of the above facilities so
offered as well as the terms and conditions thereof as stated above in this Letter of Offer, by having your authorized
signatory/signatories sign at the appropriate place provided in the enclosed duplicate of this letter and returning the same
to the Bank before 2nd September 2014 together with a certified true copy I extract of the resolutions of your Board
of Directors authorizing the same to enable us to proceed with the necessary documentation. The Bat)k reserves the right in
its sole discretion to deem the above offer as lapsed and revoked if the said offer above is not accepted in the manner and
by the date as stated above.

 

We are pleased to be of assistance to you and look forward to the
development of a mutually beneficial and lasting relationship. Should you have any query, please contact Mr. Yap Swee Aik at telephone
number: 03-3346 2288

 

Yours faithfully

for BANK OF CHINA (MALAYSIA) BERHAD

 

 

 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

 

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ACCEPTANCE

 

To: Bank of China (Malaysia) Berhad

 

I/We hereby accept the above facilities so
offered as well as the terms and conditions thereof as stated above in this Letter of Offer. I/We hereby confirm that the Bank's
agreement to provide the above facilities will not contravene the provisions of the Financial Services Act 2013.

 

I/We hereby consent and authorize Bank of China
(Malaysia) Berhad to conduct credit reference check, to obtain and to disclose any information (including but not limited to personal
information on my/our application(s), account(s) and/or credit facility(ies), including that of the pledgor/chargor, my/our directors,
shareholders, guarantors, group of companies and other related parties/information (where applicable), in the past, present and
-future, pertaining to the application, renewal, review and conduct of my/our account(s) from/to:

	(1)		the Central Credit Bureau and the Banking Supervision Department of Bank Negara Malaysia;

	(2)		all participating banks having access to such information through Central Credit Bureau;

	(3)		any other credit reporting (as defined under the Credit Reporting Agencies Act 2010)
bureau, bodies and/or agencies;

	(4)		the loan guarantors (if applicable);

	(5)		the panel insurer of the bank for the Mortgage Reducing Term Assurance (MRTA), Group
Overdraft Level Form Assurance and/or any other matters pertaining to insurance (if applicable);

	(6)		debt collection agents, lawyers, custodians and nominee companies;

	(7)		the Borrower(s)' authorized agents, executor, administrator or legal representative;

	(8)		relevant auditors performing audit checks on Bank of China (Malaysia) Berhad; and

	(9)		the Banking Group of Bank of China Limited, Beijing, People's Republic of China (if
applicable).

 

I/We also consent and authorize Bank of China
(Malaysia) Berhad to collect, use, transfer, disclose and/or retain any information (including but not limited to personal information)
on my/our application(s), account(s) and/credit facility(ies), including that of the pledgor / chargor, my/our directors,
shareholders, guarantors, group of companies and other related parties/information (where applicable), in the past, present and
future, pertaining to the application, renewal, review and conduct of my/our account(s) in compliance with Personal Data Protection
Act 2010.

 

We also confirm and agree that we will duly
perform, abide by, comply with and be bound by the terms and conditions of the above facilities as stated above in this Letter
of Offer. We further agree that this Letter of Offer embodies in writing all the terms and conditions of the said facilities (subject
to such variations or amendments as may hereafter from time to time be made or required by the Bank) and confirm that any warranties,
promise, representations , collateral agreements etc that may have been made or made to us by or on behalf of the Bank, whether
orally or otherwise, in the course of the pre-contractual negotiations or otherwise leading to the issue of this Letter of Offer
by the Bank but which have not been expressly included or incorporated above in this Letter of Offer with our express consent,
and shall therefore not be binding upon the Bank or have any effect whatsoever and we shall not (and shall not be entitled to)
raise the same as a defence or to support any claim by us in any legal or other proceedings or otherwise for any reason on purpose
whatsoever.

 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

 

 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

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To: (i) BANK OF CHINA (MALAYSIA) BERHAD

(ii) SME CREDIT BUREAU(!\'!) SDN BHD (if applicable)

 

 

I/we hereby consent and authorize Bank of China
(Malaysia) Berhad to conduct credit reference check, to obtain and to disclose any information (including but not limited to personal
information) on my/our application(s), account(s) and/or credit facility(ies), including that of my/our partners, directors, shareholders,
guarantor(s), pledgor(s), chargor(s), group of companies and other related parties (as applicable) information in the past, present
and future (whether or not provided by me/us personally or by my/our guarantor, surety or any other related sources relating to
me/us), pertaining to the application, renewal, review and conduct of my/our account(s) from/to:

	(1)		the Central Credit Bureau and the Banking Supervision Department of Bank Negara Malaysia;

	(2)		all participating banks having access to such information through Central Credit Bureau;

	(3)		any other credit reporting (as defined under the Credit Reporting Agencies Act 2010)
bureau, bodies and/or agencies;

	(4)		the loan guarantors (if applicable);

	(5)		the panel insurer of the bank for the Mortgage Reducing Term Assurance (MRTA), Group
Overdraft Level Form Assurance and/or any other matters pertaining to insurance (if applicable);

	(6)		debt collection agents, lawyers, custodians and nominee companies;

	(7)		the :Borrower(s)' authorized agents, executor, administrator or legal representative;
(8) relevant auditors performing audit checks on Bank of China (Malaysia) Berhad; and

	(9)		the Banking Group of Bank of China Limited, Beijing, People's Republic of China (if
applicable).

 

I/we also consent and authorize Bank of China
(Malaysia) Berhad to collect, use, transfer, disclose and/or retain any information (including but not limited to personal information)
on my/our application(s), account(s) and/credit facility(ies), including that of the pledgor  /charger, my/our directors,
shareholders, guarantors, group of companies and other related parties/information (where applicable), in the past, present and
future, pertaining to the application, renewal, review and conduct of my/our account(s) in compliance with Personal Data Protection
Act 2010.

 

Further and in addition to the above, I/we
acknowledge and agree that in respect of any information relating to me/us furnished in the above, the SME Credit Bureau shall
be authorized to collect/gather/search the information from any other data sources and to furnish such information (including any
credit reports, processed information and/or any other related products) to the Bank.

 

I/We hereby represent and warrant to the Bank
and the SME Credit Bureau that I/we am/are irrevocably authorized to issue this consent letter for and on behalf of every relevant
parties.

 

 

PGCG Assets Holdings Sdn Bhd (KLG/1403/2001)

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Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

ANNEXURE TO LETTER OF OFFER

(TO BE READ
AS AN INTEGRAL PART OF THE LETTER OF OFFER DATED 19th AUGUST 2014)

 

 

 

TERMS AND CONDITIONS

 

	1)		Repayment

 

In accordance
with normal banking practice and notwithstanding anything to the contrary herein-contained and prior to the time for annual review,
these facilities are subject to our customary overriding right of repayment on demand and (but not limited to) the requirements
of Biro Maklumat Cek from time to time.

 

	2)		Financial Services Act 2013

 

You shall notify the Bank immediately if any
of the relationships specified in the Financial Services Act 2013 which or whether prohibit the Bank from granting any facility
to you are established or discovered at any time before granting of or during the continuance of the Facility(ies). The Bank reserves
the right to cancel or recall the Facility(ies) should it discover that the granting or continuance of the Facility(ies) shall
be in contravention of the Financial Services Act 2013.

 

	3)		Performance Covenants

 

The obligation of Bank of China (Malaysia)
Berhad (hereinafter referred as "BOCM") to make available the credit facility(ies) to the Borrower shall also be subject
to the following conditions:

 

	a)		BOCM is satisfied that no event has occurred so as to render the credit facility(ies)
or any part thereof to be immediately repayable and no event of default under any agreement or arrangement referred to herein
shall have happened and be continuing;

	b)		no extraordinary circumstance or change in law or other governmental action shall
have occurred which shall make it improbable that the Borrower will be able to observe and perform the covenants and obligations
on its part to be observed and performed hereunder;

	c)		there shall not have occurred any default in the performance by the Borrower of any
covenant or agreement contained in this Letter of Offer and other security documents.

 

	4) (I)		Representations and Warranties

 

The Borrower hereby represents and warrants
to BOCM as follows:-

 

	a)		the Borrower has the power and capacity to execute, deliver and perform the terms
of this Letter of Offer and all other security documents;

	b)		if the Borrower is a company, it is duly incorporated and validly existing under the
laws of Malaysia, and has full power and authority to own its assets and carry on its business as it is now being conducted;

	c)		this Letter of Offer and all other security documents constitute the legal, valid
and binding obligations of the Borrower in accordance with its terms;

	d)		the execution, delivery and performance of this Letter of Offer and all other security
documents will not exceed the power granted to the Borrower and/or violate
the provisions of:

 

	i.		any law or regulation or any order or decree of any government authority, agency or
court to which they are subject;

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Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	ii.		the Borrower's Memorandum and Articles of Association; and

	iii.		any undertaking or instrument to which the Borrower is a party or which is binding
upon it.

 

	e)		all acts, conditions, things, approvals, consents, authorizations and licenses required
to be done, fulfilled, performed or obtained in order:

	i.		to enable the Borrower lawfully to accept the terms and conditions of this Letter
of Offer and all other security documents exercise its rights hereunder and perform the obligations in the Letter of Offer and
all other security documents;

	ii.		to ensure that the obligations expressed to be assumed by the Borrower in this Letter
of Offer and all other security documents are legal, valid, binding and enforceable; and

	iii.		to render this Letter of Offer and all other security documents admissible in evidence
in Malaysia, have been done, fulfilled performed or obtained and are in full force and effect.

 

	f)		the Borrower has fully disclosed in writing to BOCM the facts relating to it which
it knows or should reasonably know and which are material for disclosure to BOCM in the context of this Letter of Offer and all
other security documents;

	g)		no Event of Default (as hereinafter provided) has occurred or is continuing;

	h)		the Property, guarantee and collateral given as security for the Facilities (including
profits generated from the Property) and all monies paid to BOCM come from lawful sources and does not breach the Anti-Money Laundering
and Anti-Terrorism Financing Act 2001 or similar legislation applying in the jurisdiction where the monies are derived or any
tax laws which the Borrower(s) is subject to;

	i)		the Borrower is not nor will it by utilizing the credit facility(ies) be in default
under any other existing mortgage, indenture, contract or agreement binding on the Borrower to which it is subject;

	j)		the Borrower is not in default under any agreement to which it is a party or by which
it may be bound and the Borrower is not a party to any litigation, arbitration or administrative proceedings that are presently
current or pending or threatened with default, as the case may be, which materially affect its solvency or affect its ability
to perform its respective obligations under this Letter of Offer and all other security documents;

	k)		There is no violation of any provisions contained in the Financial Services Act 2013
or any prevailing laws or regulatory requirements or directives or guidelines issued or which may from time to time be issued
or amended by Bank Negara Malaysia pertaining to the grant of facilities generally or to persons connected with BOCM.

	l)		the Borrower is not related to any director or officer or employee of BOCM currently
either as parent, spouse or child so as to result in the availment of the credit facility by the Borrower hereunder contravening
the Financial Services Act 2013 and the Borrower undertakes to advise BOCM immediately if any of the said relationships is established
or discovered at any time;

	 		 

	m)		there has been no material adverse change in the financial conditions or operations
of the Borrower since the day(s) of its respective last audited accounts;

 

	(II)		Continuing Nature of Warranties And Representations

 

	a)		The representations and warranties contained above are true and accurate in all respects
as if each of such representation and warranties were repeated on such date; and

 

    	2

    	 

    

 

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	b)		No Event of Default under this Letter of Offer and all other security documents, and
no event which by giving notice or the passing of time would constitute an Event of Default under this Letter of Offer and all
other security documents have occurred.

 

	(III)		Truth and Correctness of Representations and Warranties

 

The truth and correctness of all the matters
stated in the representations and warranties above shall form the basis of BOCM's commitment to make or continue to make available
the credit facility(ies) to the Borrower. If any such representations and warranties made shall at any time hereafter be found
to have been incorrect in any material respect then and in such event and notwithstanding anything to the contrary contained herein
BOCM shall have the right at its absolute discretion to review, suspend, recall or terminate the credit facility(ies).

 

	5)		Covenants

 

The Borrower hereby agrees and undertakes with
BOCM that from the date of this Letter of Offer and all other security documents until all its liabilities under this Letter of
Offer and all other security documents have been fully discharged and the credit facility(ies) shall cease to be available, the
Borrower shall :-

 

	a)		punctually pay all its indebtedness under this Letter of Offer and all other security
documents when due and owing;

	b)		perform all its other obligations under this Letter of Offer and all other security
documents

	c)		inform BOCM and keep BOCM informed of any legal proceedings, litigations, claims (of
a material nature) in which it is involved;

	d)		notify BOCM of the occurrence of any Event of Default whether in relation to any of
its other indebtedness or otherwise of any occurrence of which it becomes aware which might adversely affect its ability to fully
perform its obligations under this Letter of Offer and all other security documents to fully perform its obligations under this
Letter of Offer and all other security documents;

	e)		furnish to BOCM all such information as BOCM shall reasonably request concerning the
use of proceeds drawndown under the credit facility(ies) and on any factors materially affecting its business and its operations
and financial conditions and in particular supply BOCM with statements of all monies owing to the Borrower in such form as BOCM
may from time to time require;

	f)		maintain records adequate to reflect in accordance with consistently maintained and
sound accounting practices operations and financial conditions and allow BOCM or its agents and servants to inspect and request
for copies of all records at any of its offices, branches or places of business or elsewhere and all records kept by it which
relate to or affect properties assets and business;

	g)		not effect or undertake or permit any form of merger reconstruction consolidation
or amalgamation by way of a scheme of arrangement or otherwise approve, permit or suffer any change of ownership or transfer of
any part of its issued capital; ·

	h)		not make or permit to exist loans or lend or make advances to any person, firm, company
(other than subsidiary associate or related corporation where the Borrower is a body corporate) or guarantee any person, enterprise
or company (other than normal trade guarantees or temporary loans to staff, customers, contractors or suppliers in the ordinary
course of business);

	i)		not incur, assume, guarantee or permit to exist any indebtedness except:

  

    	3

    	 

    

 

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

 

	i)		such loan, credit facilities or accommodation as have been disclosed in writing to
and consented to in writing by BOCM, and

	ii)		any unsecured indebtedness payable on demand or maturing by its terms within twelve
(12) months after the date on which it was originally, in either case, incurred in the ordinary course of business of the Borrower;

 

	j)		not bank, effect or keep on foot or permit to effect or keep on foot any insurance
against any risk in respect of the Property or any works building or fixture on or in respect of the Property or any property
charged or secured to the Bank when the Bank has effected or has kept on foot such insurance;

	k)		not add to, delete, vary or amend its Memorandum and Articles of Association in any
manner which would be inconsistent with the provisions of this Annexure or any other security documentation, or change its financial
year, or the nature of its business;

	I)		not sell, transfer (save and except in the ordinary course of business of the Borrower
on ordinary commercial terms and on the basis of arm's length arrangements) or lease or otherwise dispose of all or a substantial
part of its assets;

	m)		not decrease or in any way whatsoever alter the authorized or issued capital of the
Borrower whether by varying the amount, structure or value thereof or the rights attached thereto or convert any of its share
capital into stock or by consolidating, dividing or subdividing all or any of its shares provided always that the conversion of
any transferable subscriptions into shares by their holders shall be permitted; and

	n)		not allow any changes to its existing Board of Directors or shareholders or their
respective shareholdings or permit any changes in its control, management or corporate ownership structure.

 

	6)		Events of Default

 

Upon the occurrence of any of following events at
any time and regardless of whether the event is within or beyond the control of BOCM and/or the Borrower:-

 

	a)		the Borrower fails to make punctual payment of principal or interest or any other
payment due under this Letter of Offer and all other security documents whether formally demanded or not;

	b)		any of the representations and warranties contained herein shall be found to have
been incorrect or inaccurate in any material respect at any time during the subsistence of the Letter of Offer and all other security
documents;

	c)		the Borrower ceases or threatens to cease to carry on
their respective business;

	d)		a distress or execution or writ of seizure and sale
of attachments is levied or issued against the assets or any part thereof the Borrower or any other properties belonging to the
Borrower;

	e)		a winding-up petition is presented against the Borrower or an order is made or an
effective resolution is passed for the winding-up of the Borrower;

	f)		a receiver of the Borrower's property assets or undertakings or any part hereof shall
be appointed;

	g)		the Borrower commits or threatens to commit a breach
of any of the provisions herein contained which is not capable of remedy;

 

 

    	4

    	 

    

 

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	h)		a material adverse change has occurred in the financial condition of the Borrower
which in the opinion of BOCM is likely to prejudice the ability of the Borrower to perform its respective obligations under this
Letter of Offer and all other security documents in accordance with terms hereof;

	i)		any litigation, arbitration or administrative proceedings are current or pending or
threatened against the Borrower;

	j)		a notice or proposal for compulsory acquisition of the Property or any of the assets
of the Borrower or a Related Corporation or any part thereof shall be issued or made under or by virtue of an Act of Parliament
or other statutory provision;

	k)		the Borrower and/or a Related Corporation is under investigation the provisions of
Part IX of the Companies Act, 1965;

	I)		if in the absolute opinion of BOCM, the Borrower's account with BOCM (including any
other accounts the Borrower may have with BOCM) is or has not been operated satisfactorily;

	m)		in BOCM's absolute opinion, the Borrower is not carrying on its respective business
and affairs in accordance with sound financial and industrial standards and practices;

	n)		the Borrower becomes insolvent, is unable to pay its debts as it falls due, stops,
suspends, or threatens to stop or suspends payment of all or a material part of its debts, begins negotiations or takes any proceedings
or other step with a view to readjustment, rescheduling or deferral of all their respective indebtedness (or of any part of its
respective indebtedness which it will or might otherwise be unable to pay when due), or proposes or makes a general assignment
or an arrangement or composition with or for the benefit of its creditor, or a moratorium is agreed or declared in respect of
or affecting all or any part of its respective indebtedness; or

	o)		the prohibition of Section 133A of the Companies Act 1965 shall on the occurrence
or existence of any circumstances specified therein apply;

 

then, and in any such event, BOCM may by written
notice to the Borrower declare that an Event of Default has occurred and simultaneously or at any time thereafter, irrespective
of whether any event mentioned herein is continuing, BOCM may:-

 

	i)		by written notice to the Borrower, declare that the credit facility(ies) is cancelled,

	ii)		by written notice to the Borrower, declare all outstanding amounts, accrued interest
thereon and any other sum then payable under this Letter of Offer and all other security documents to be immediately due and payable
and/or

	iii)		by written notice to the Borrower, request for additional security in whatsoever form
BOCM in its absolute opinion deems necessary

 

without prejudice to the generality of the
above any declaration made pursuant to paragraphs (i), (ii) and/or (iii) aforesaid may be made in the same notice given to the
Borrower declaring an Event of Default.

 

	6)		Cross Default Clause

 

In addition to BOCM's rights under Clause 5
hereof, BOCM reserves the right to withhold the release of the credit facility(ies) or to recall the credit facility(ies) or to
proceed with litigation against the Borrower upon the occurrence of a default in payment of any monies due to BOCM by any other
party of which the Borrower is a guarantor, a joint-account holder or a related corporation or related party.

 

    	5

    	 

    

 

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	7)		Right of Set-Off

 

The Borrower hereby agrees that BOCM may at
any time without notice after an Event of Default or in making demand notwithstanding any settlement of account or other matters
whatsoever combine or consolidate all or any of the then existing accounts of the Borrower in credit including accounts in the
name of BOCM or of the Borrower jointly with others (whether current deposit loans or any other nature whatsoever subject to notice
or not or whether in Ringgit or any other currency) wheresoever situate and set-off or transfer any sums standing to the credit
of any one or more such accounts in or towards satisfaction of any moneys, obligations and liabilities of the Borrower to BOCM
whether such liabilities be present, future, actual, contingent, primary, collateral several or joint. Where such combination set-off
or transfer requires, the conversion of one currency into another such conversion shall be calculated at the then prevailing spot
rate of exchange of BOCM (as conclusively determined by BOCM) for purchasing the currency for which the Borrower is liable with
the existing currency so converted.

 

	8)		Waiver

 

No delay in exercising or omission to exercise
any right, power or remedy accruing to BOCM upon any default by the Borrower shall impair any such right, power or remedy or be
construed to be a waiver hereof or an acquiescence in such default.

 

	9)		Indemnity

 

Without prejudice to the provisions hereunder
governing the Events of Defaults, the Borrower shall indemnify BOCM against any loss or expenses (including legal expenses on solicitor
and client basis) which BOCM may sustain or incur as a consequence of any default in payment by the Borrower or any sum due hereunder
or under any security documents including (but not limited to) any interest or fees paid or payable on account of, or in respect
of, any funds borrowed or deposits from third parties in order to maintain the credit facility(ies) or in liquidating or re-employing
such funds or deposits.

 

	10)		Certificate Conclusive

 

The certificate of BOCM as to
the amount or amounts (if any) for the time being due and payable by the Borrower under this Letter of Offer and all other
security documents shall, in the absence of manifest error, be conclusive evidence against the Borrower of the amount or
amounts so due and payable.

 

	11)		Suspense Account

 

Any money received hereunder may be placed
and kept to the credit of a suspense account for so long as BOCM thinks fit without any obligation in the meantime to apply the
same or any part thereof in or towards discharge of any money or liabilities due or incurred by the Borrower to BOCM. Notwithstanding
any such payment in the event of any proceedings in or analogous to bankruptcy liquidation composition or arrangement BOCM may
prove for and agree to accept any dividend or composition in respect of the whole or any part of such money and liabilities in
the same manner as if this security had not been created.

 

	12)		Insurance

 

The Borrower undertakes to adequately insure
the properties to be charged to BOCM and the Fixed And Floating Assets against fire and other relevant risks for their full market
value or replacement cost whichever is higher as BOCM may designate with an insurer on the BOCM's panel and with interests vested
in BOCM as beneficiary. The original copy of the policy together with the premium receipt is to be forwarded to the BOCM soonest
available. Furthermore, the benefit of the insurance and such renewal thereof shall be absolutely assigned to BOCM during the
currency of the credit facility(ies) herein granted. Nothing in this letter of offer shall be construed to obligate BOCM to obtain
adequate insurance coverage or to make it liable for any loss resulting from the lack of insurance coverage.

 

    	6

    	 

    

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	13)		Modification and Indulgence

 

BOCM may at any time and without in any way affecting the security
mentioned herein:-

 

	a)		determine restructure vary or increase any credit or other facility granted to the
Borrower and may open or continue any account or accounts (or both) with the Borrower at any branch or branches of the BOCM;

	b)		grant to the Borrower any time or indulgence;

	c)		deal with, exchange, release or modify or abstain from perfecting or enforcing any
security or other guarantee or right it may now or at any time hereafter or from time to time have from or against the Borrower;
and/or

	d)		enter into any deed of composition with the Borrower.

 

	14)		Consolidation and Combination of Accounts

 

	a)		Any provision under the National
Land Code which has the effect of restricting the right of consolidation shall not apply here.

	 		 

	b)		It is hereby expressly agreed and declared that unless BOCM otherwise agrees, the
Borrower shall not be entitled to redeem or require the release or discharge of any security given by the Borrower to BOCM and
whether given now or hereafter except on payment by the Borrower of not only all money referred to herein but also all money whatsoever
and howsoever owing or payable or due from the Borrower to BOCM under any other account whether as a borrower, guarantor, assignor
or howsoever or otherwise with BOCM and without prejudice to the generality of the foregoing, it is hereby expressly agreed and
declared that unless BOCM otherwise agrees in writing the security mentioned herein shall not be discharged except on payment
:-

	i)		of all indebtedness; and

	ii)		of all other moneys due and owing to BOCM by the Borrower under any account with BOCM
whether or not and howsoever secured; and

	iii)		of all moneys secured by any other security created by the Borrower or by any person
through whom the Borrower claims in favour of or vested in BOCM.

 

	c)		BOCM further reserves the right at any time at its absolute discretion and without
notice to the Borrower to combine or consolidate all or any of its accounts including accounts jointly with others (of any nature
whatsoever whether subject to notice or not) wheresoever situate with any liabilities and obligations owed or incurred by the
Borrower to BOCM and set-off or transfer any sum standing to the credit of any one or more of such accounts in or towards satisfaction
of money obligations and liabilities due and payable to BOCM.

 

	15)		Costs

 

The Borrower shall be liable to pay all fees
and expenses howsoever arising or incurred in connection with or incidental to the documentation, registration and discharge of
these credit facility(ies) including BOCM's solicitors fee (on a solicitor and client basis) in connection with the preparation
and execution of the documentation, registration and discharge of these credit facility(ies) and such other matters related thereto.
If the indebtedness or any part thereof shall be required to be recovered through any process of law, or if the said money or any
part thereof shall be placed in the hands of solicitors for collection, the Borrower shall pay (in addition to the moneys then
due and payable hereunder) BOCM's solicitors' fees (on a solicitor and client basis) and any other fees and expenses incurred in
respect of such collection and the account of the Borrower shall be debited accordingly.

 

    	7

    	 

    

 

 

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	16)		Right of Bank to Recall or Vary

 

	a)		BOCM shall be entitled at its absolute discretion to terminate these credit facility(ies)
and to recall and demand the discharge by the Borrower of the indebtedness at any time or to vary or amend the credit facility(ies)
granted herein or both in such manner and upon such terms as BOCM may determine.

	b)		BOCM has the absolute right by notice in writing to the Borrower to determine this
Charge and to rescind these credit facility(ies), or to refuse to pay out the term loan or any part thereof or make any Advance
if the principal sum or any part thereof or any interest thereon are in arrears or shall become immediately repayable. Upon giving
of such notice, (a) any part of the term loan not therefore disbursed shall be cancelled, and any part of the term loan already
disbursed shall become due and immediately repayable on demand notwithstanding anything contained herein to the contrary and (b)
all unutilized portion of the overdraft facility shall be cancelled and all utilized portion of the overdraft facility shall become
due and immediately repayable on demand notwithstanding anything contained herein to the contrary.

 

	17)		Reconstruction of BOCM or Borrower

 

The security, liabilities and obligation created
hereunder shall continue to be valid and binding for all purposes whatsoever notwithstanding any change by amalgamation reconstruction
or otherwise which may be made in the constitution of BOCM or the Borrower and it is expressly declared that no change whatsoever
in relation to or affecting BOCM or the Borrower, or both, shall in any way affect the security, liabilities and obligations created
hereunder in relation to any transaction whatsoever whether past present or future.

 

	18)		Change in Circumstances

 

In the event that by reason of the enactment
of or the making of any change in any applicable law, regulation or regulatory requirement or in the interpretation or application
or the making of any request or direction from or requirement of Bank Negara Malaysia or other fiscal or monetary authority (whether
or not having the force of law), BOCM shall be of the opinion that it has or will become unlawful or it is otherwise prohibited
or prevented for it to maintain or give effect to all or any of its obligations as contemplated by this letter of offer then, notwithstanding
any other provision in this offer letter, BOCM's obligation to advance the credit facility(ies) shall be terminated and/or as the
case may be, the Borrower shall on demand forthwith repay the credit facility(ies) in full together with accrued interest thereon
and any other amount payable thereunder to BOCM.

 

	19)		General Terms

 

	a)		The Borrower is advised to seek independent legal advice in respect of the loan/overdraft
and security documentation.

	b)		Subject always to the Personal Data Protection Act 2010, the Borrower consents to
authorize BOCM processing and giving any information (including but not limited to personal information) in relation to the Borrower's
account(s) and/or credit faci1ity(ies) to:

 

	(1)		the Central Credit Bureau and the Banking Supervision Department of Bank Negara Malaysia;

	(2)		all participating banks having access to such information through Central Credit Bureau;

	(3)		SME Credit Bureau (M) Sdn Bhd or any other bureau, bodies, agencies and/or any other
credit reporting (as defined under the Credit Reporting Agencies act 2010);

	(4)		the loan guarantors pledgors, chargors, assignors (if applicable);

	(5)		the Government of Malaysia as Guarantor and Syarikat Jaminan Pembiayaan Perniagaan
Berhad (SJPP) (if applicable);

	(6)		the panel insurer of the bank for the Mortgage Reducing Term Assurance (MRTA), Group
Overdraft Level Form Assurance and/or any other matters pertaining to insurance (if applicable);

	(7)		relevant auditors performing audit checks on Bank of China (Malaysia) Berhad; and/or

 

    	8

    	 

    

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	(8)		the Banking Group of Bank of China Limited, Beijing, People's Republic of China (if
applicable).

 

	c)		The Borrower hereby agrees that the credit facility(ies) hereby are subject to the
requirements of Biro Maklumat Cek (BMC) from time to time and that BOCM reserves the right to recall the credit facility(ies)
granted hereunder in the event the Borrower's current account is closed by any bank following the requirements of BMC notwithstanding
that the Borrower's current account(s) with BOCM whether held solely or jointly with other has/have been conducted satisfactorily.

	d)		Notwithstanding anything to the contrary contained herein, BOCM may at any time and
in its absolute discretion without discharging in any way the Borrower's liabilities hereunder and any other security documents
to vary the terms herein including but not limited to the rate of interest, additional interest, commission, overdue interest,
and other charges herein stated; and the amount or form of the credit facility(ies) granted so as to convert the existing credit
facility(ies) or cancel one or more credit facility(ies) and such variation shall take effect upon notice being given by BOCM
to the Borrower.

	e)		BOCM further reserves the right to immediately recall the credit facility(ies) granted
herein if any of the Borrower's other indebtedness to BOCM or to any third party or parties becomes capable in accordance with
the relevant terms thereof of being declared due prematurely by reason of a default or the Borrower's failure to make any payment
in respect thereof on the due date for each payment if due on demand when demanded or the security for such indebtedness becomes
enforceable.

	f)		All legal expenses and all other charges and disbursements (including stamp duty and
BOCM's solicitor's fees on a solicitor and client basis) incurred in connection with or incidental to the preparation and execution
of the security documents and in the recovery of the above mentioned credit facility(ies) and enforcement of security shall be
payable by the Borrower and if remaining unpaid shall be debited without further notice to the Borrower's current/savings account
or a disbursement/suspense account opened by BOCM for the purpose.

	g)		If the credit facility(ies) is extended beyond the expiry date of the time deposit,
the deposit will be renewed automatically each time it falls due and will remain as continuing security for as long as the credit
facility(ies) shall remain unpaid.

	h)		If the effect of any, or a change in any, law or regulation is to increase the cost
to BOCM of advancing, maintaining or funding these credit facility(ies) or to reduce the effective return to BOCM, BOCM reserves
the right to require payment on demand of such amounts as BOCM considers necessary to compensate BOCM therefor.

	i)		The facility/ies are subject to review at any time and from time to time at BOCM's
sole discretion. BOCM retains its customary overriding right of repayment on demand.

	j)		The abovesaid terms and conditions are not exhaustive neither conclusive and this
letter of offer when accepted forms a provisional agreement until the fommal agreement embodying the complete terms and conditions
is signed. Upon such signing, the abovesaid terms and conditions shall be part of the Agreement and/or the relevant security documents
whether expressed therein or otherwise.

	k)		The credit facility(ies) is made available to the Borrower so long as credit, funding,
market conditions and other factors remain unchanged. The release and/or continuation of the credit facility(ies) are nevertheless
at the sole discretion of BOCM.

 

 

    	9

    	 

    

 

Borrower: PGCG Assets Holdings Sdn Bhd (Company No. 983271-U)

Ref No. : KLG/1403/2001

Date :19th  August 2014

 

	20)		Other terms and conditions as contained in BOCM's legal or security documentation/s
shall apply in addition to any other terms and conditions that BOCM's solicitors may think fit to impose when formalizing such
documentation/s on BOCM's behalf.

 

	21)		Interpretation

 

	a)		Words importing the singular number include the plural and vice versa.

	b)		Words importing the masculine gender include the feminine and neuter gender.

	c)		The headings and sub-headings in this Annexure are inserted for convenience only and
are to be ignored when construing the provisions this Annexure.

	d)		Any reference to statutes and the rules made thereunder includes all amendments which
may be enacted from time to time.

	e)		Where the Borrower is a company, the provisions contained herein which are primarily
and literally applicable to the case of natural persons shall be construed and take effect as if the Borrower were a company and
shall bind all of its assigns and successors-in-title. Accordingly, any references herein relating to bankruptcy shall thereafter
be reference relating to the winding-up, liquidation, amalgamation or reconstruction, as the case may be, of the Borrower.

	f)		Where there are two (2) or more persons comprised in the expression "the Borrower",
agreements, covenants, terms stipulations and undertakings expressed to be made by and on part of the Borrower shall be deemed
to be made by or binding upon such persons jointly and severally.

	g)		If security is provided by a third party, all
provisions reposing obligations on the Borrower shall mean that the Borrower is legally obliged to cause such third party to fulfill
the respective obligations. Failure on the Borrower's part to discharge such obligation is deemed a breach by the Borrower of
the respective provision.

 

    	10Exhibit 10.2

 

VIRTUAL SETUP SDN. BHD.

 

( Company No. 908553-K)

 

SUBSCRIPTION AGREEMENT

 

VIRTUAL
SETUP SDN. BHD. [Company No. 908553-K], a company incorporated in Malaysia under the Companies Act, 1965 with its registered
office at No. 37-2 (Room 1), 2nd Floor, Jalan Metro Perdana 7, Taman Usahawan Kepong, Kepong Utara, 52100 Kuala Lumpur
Malaysia (the “Company”), has authorized capital stock consisting of 5,000,000 shares of Common Stock,
par value RM$1.00 per share (“Common Stock”). The Company now desires to issue and sell to the undersigned (the
“Subscriber”), and the Subscriber desires to purchase from the Company, the number of shares of Common Stock
set forth below next to the Subscriber’s name on the signature page hereto (such shares, the “Shares”)
in connection with an offering of up to 200,000 shares of Common Stock at a purchase price of RM$10.00 per share, up to an aggregate
of RM2,000,000(the “Offering”), representing 5% equity in the Company with current net worth estimate not less
than RM40,000,000.

 

NOW, THEREFORE, in
consideration of the mutual covenants and agreements contained in this Agreement, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

		1.	Purchase.

 

		(a)	Subject to the terms and conditions hereof, the Subscriber agrees to purchase from the Company,
and the Company agrees to issue and sell to the Subscriber, the Shares at an aggregate purchase price equal to the aggregate amount
set forth next to the Subscriber’s name on the signature page hereto (the “Funds”).

 

		(b)	The Company has authorized the issuance and sale of the Shares subject to the terms and conditions
hereof.

 

		(c)	Contemporaneously with the Subscriber’s execution and delivery to the Company of an executed
counterpart to this Agreement, the Subscriber shall tender the Funds to the Company by wire transfer of immediately available funds
to an account or accounts specified in writing by the Company to the Subscriber.

 

		2.	Delivery of Agreement. The Subscriber hereby delivers to the Company, and the Company hereby
accepts, an executed counterpart of this Subscription Agreement.

 

		3.	Representations and Warranties of the Subscriber. The Subscriber hereby represents and warrants
to the Company that:

 

    	1

    	 

    

 

 

		(a)	The Subscriber: (i) if a natural person, represents that he or she has reached the age of
21 and has full power and authority to execute and deliver this Agreement and all other related agreements or certificates and
to carry out the provisions hereof and thereof and has adequate means for providing for his or her current financial needs and
anticipated future needs and possible contingencies and emergencies and has no need for liquidity in the investment in the Shares;
(ii) if a corporation, partnership, association, joint stock company, trust, unincorporated organization or other entity,
represents that: such entity was not formed for the specific purpose of acquiring the Shares; such entity is duly organized, validly
existing and (if applicable in the applicable jurisdiction) in good standing (or similar status under local law) under the laws
of the jurisdiction of its organization; the consummation of the transactions contemplated hereby will not result in a violation
of its charter or other organizational documents; such entity has full power and authority to execute and deliver this Agreement
and all other related agreements or certificates and to carry out the provisions hereof and thereof and to purchase and hold the
Shares; the execution and delivery of this Agreement has been duly authorized by all necessary corporate or other action on its
part; and this Agreement has been duly executed and delivered on behalf of such entity; (iii) if executing this Agreement
in a representative or fiduciary capacity, represents that it has full power and authority to execute and deliver this Agreement
in such capacity and on behalf of the subscribing individual, ward, partnership, trust, estate, corporation or other entity for
whom the undersigned is executing this Agreement, and such individual, ward, partnership, trust, estate, corporation or other entity
has full right and power to perform his, her or its obligations pursuant to this Agreement and make an investment in the Company,
and that this Agreement constitutes a legal, valid and binding obligation of such subscribing individual, ward, partnership, trust,
estate, corporation or other entity; and (iv) the execution and delivery of this Agreement will not violate or be in conflict
with any order, judgment, injunction, agreement or controlling document to which the Subscriber (or, if applicable, such subscribing
individual, ward, partnership, trust, estate, corporation or other entity) is a party or by which he, she or it is bound;

 

		(b)	The Subscriber has received and reviewed this Agreement ; it, its attorney and its accountant have
had access to, and an opportunity to review, all documents and other materials requested of the Company; it and they have been
given an opportunity to ask any and all questions of, and receive answers from, the Company concerning the terms and conditions
of the offering and to obtain all information that it or they believe necessary or appropriate to verify the accuracy of this Agreement,
all Exhibits hereto and any other documents and materials requested of the Company and to evaluate the suitability of an investment
in the Shares; and, in evaluating the suitability of an investment in the Shares, it and they have not relied upon any representations
or other information (whether oral or written);

 

		(c)	Assuming due execution and delivery by the Company of this Agreement, this Agreement constitutes
the legal, valid and binding obligation of the Subscriber, enforceable against the Subscriber in accordance with its terms, subject
to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’ rights and remedies
generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity); and

 

		(d)	No broker has acted on behalf of the Subscriber in connection with this Agreement, and there are
no brokerage commissions, finders’ fees or commissions payable in connection herewith based on any agreement, arrangement
or understanding with the Subscriber or any action taken by the Subscriber.

 

		4.	Representations and Warranties of the Company. The Company hereby represents and warrants
to the Subscriber that:

 

    	2

    	 

    

 

 

		(a)	Organization. The Company is duly organized and validly existing under the laws of Malaysia
and has the corporate power and authority to own its properties and assets and to carry on its business as now conducted. The Company
is duly qualified or authorized to do business as a foreign corporation in each jurisdiction in which the conduct of its business
or the ownership of its properties or assets requires such qualification or authorization, except where the failure to be so qualified
would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the Company.

 

		(b)	Authorization of Agreement; Enforceability. The Company has all requisite corporate power
and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution, delivery and performance
by the Company of this Agreement have been duly authorized by all necessary corporate action on the part of the Company. This Agreement
has been duly and validly executed and delivered by the Company and, assuming the due authorization, execution and delivery thereof
by the Subscriber, this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company
in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting
creditors’ rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of
whether enforcement is sought in a proceeding at law or in equity).

 

		5.	Reliance. The Subscriber acknowledges and agrees that the Company and its agents are relying
on the truth and accuracy of the foregoing representations and warranties in the offering of the Shares for sale to the Subscriber
without having first registered the Shares under the Securities Act. All representations, warranties and covenants contained in
this Subscription Agreement shall survive the execution and delivery of this Subscription Agreement and the consummation of the
transactions contemplated hereunder.

 

		6.	Restrictions on Transfer of the Shares.

 

		(a)	No Transfer; Opinion of Counsel. The Subscriber acknowledges that there are restrictions
on the transferability of the Shares. Since the Shares are not registered under the Securities Exchange laws, the Subscriber acknowledges
and agrees that it shall have no right at any time to sell, assign, pledge, hypothecate, distribute (as a dividend or otherwise),
transfer or otherwise dispose of or encumber the Shares (except by will or by the laws of descent and distribution), unless
the Company shall first have been provided with an opinion of counsel acceptable to the Company that such sale is exempt from such
registration under the Securities Act and any applicable securities laws.

 

		7.	Notice to Subscriber. Correspondence and notices to the Subscriber shall be sent to the
address listed below the signature of the Subscriber on the signature page of this Agreement until such time as the Subscriber
shall notify the Company, in writing, of a different address to which such correspondence and notices are to be sent.

 

		8.	Miscellaneous.

 

		(a)	The Subscriber agrees that this Agreement is not transferable or assignable.

 

		(b)	The Subscriber agrees that, except as expressly permitted by any applicable law, the Subscriber
may not cancel, terminate or revoke this Agreement or any agreement of the Subscriber made hereunder, and this Agreement shall
survive the death or legal disability of the Subscriber and shall be binding upon the Subscriber’s heirs, executors, administrators,
successors and assigns.

 

    	3

    	 

    

 

 

		(c)	This Agreement and the Exhibits hereto constitute the entire agreement among the parties hereto
with respect to the subject matter hereof and may be amended only by a writing executed by both parties.

 

		(d)	Headings are for convenience only and are not deemed to be part of this Agreement.

 

		(e)	This Agreement may be executed in two or more counterparts, each of which shall be deemed an original,
but all of which together will constitute one and the same instrument. A facsimile, telecopy or other reproduction of this Agreement
may be executed by one or more parties hereto, and an executed copy of this Agreement may be delivered by one or more parties hereto
by facsimile or similar instantaneous electronic transmission device, pursuant to which the signature of, or on behalf of, such
party can be seen, and such execution and delivery shall be considered valid, binding and effective for all purposes as of the
date first written above. At the request of any party hereto, all parties hereto agree to execute an original of this Agreement,
as well as any facsimile, telecopy or other reproduction hereof.

 

		(f)	This Agreement and the rights and obligations of the parties hereunder shall be enforced, governed
and construed in all respects in accordance with the internal substantive laws of Malaysia (without reference to principles of
conflicts or choice of law that would cause the application of the internal laws of any other jurisdiction).

 

		(g)	If any part of any provision of this Agreement or any other agreement or document given pursuant
to or in connection with this Agreement shall be invalid or unenforceable in any respect, such part shall be ineffective to the
extent of such invalidity or unenforceability only, without in any way affecting the remaining parts of such provision or the remaining
provisions of this Agreement.

 

		9.	Confidentiality. Except as may be required by applicable law or as otherwise agreed among
the parties hereto, neither the Company nor the Subscriber nor any of their respective Affiliates (as defined below) shall at any
time divulge, disclose, disseminate, announce or release any information to any person (i) concerning this Agreement or the
transactions contemplated hereby, without first obtaining the prior written consent of the other party hereto or (ii) any
trade secrets or other confidential information of the other party hereto (or its Affiliates), without first obtaining the prior
written consent of such other party hereto; provided, however, that each party shall be entitled to disclose information
with respect to the Subscriber’s investment in the Company on any reports such Subscriber furnishes to its investors or as
otherwise required by any federal, state, local or foreign law (including common law), statute, code, ordinance, rule, regulation
or other requirement or guideline. An “Affiliate” of any specified person shall mean any other person that directly
or indirectly controls, or is under common control with, or is controlled by, such specified person. As used in this definition,
“control” (including with its correlative meanings, “controlled by” and “under common
control with”) shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a person (whether through ownership of securities or partnership or other ownership interests, by contract
or otherwise).

 

[Signature Page Follows]

 

    	4

    	 

    

 

IN WITNESS WHEREOF, the Subscriber has
executed this Subscription Agreement as of October ____ , 2014.

 

SUBSCRIBER:

	
         

         

         

        DenvourSuisse Sdn. Bhd.  

         
	
         

         

        ____ RM 2,000,000/=_____

        Total Ringgit Amount of Subscription

	
         

        857840-P__  

        Company Number
	
         

        RM$ 10.00____

        Price Per Share

	 	 
	 	
         

        200,000 . 

        Total Number of Shares

 

Mailing Address and Phone Number of Subscriber:

 

c/o Au Mark Consulting Sdn .Bhd.

No. 37-2 (Room 1), 2nd Floor, Jalan Metro Perdana 7, 

Taman Usahawan Kepong, Kepong Utara

52100 Kuala Lumpur

Malaysia

Telephone: +6016 338 2340 or 03 6250 5003 Fax: 03-6257 3880

 

Accepted and agreed to as of October ____, 2014:

 

VIRTUAL SETUP Sdn. bhd.

 

 

By: ____________________________________

Name: Liong Tat Teh

Title: Chief Financial Officer

 

 

Mailing Address and Phone Number of Company:

 

E-5-2, Megan Avenue 1, Block E,

Jalan Tun Razak

50400 Kuala Lumpur

Malaysia

Telephone: 03 2162 0773 Fax : 03 2161 0770

 

    	5

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