Document:

Exhibit 10.8

 

THIS
LOAN AGREEMENT is made on December 31, 2014

 

BETWEEN

 

		(1)	Moxian
                                         China Limited at Room 2807, 28/F., Paul Y. Centre, 51 Hung To Road, Kwun Tong, Kowloon,
                                         Hong Kong (hereinafter referred to as “the Lender”)

 

		(2)	Moxian
                                         Technologies (Shenzhen) Co., Ltd. at Room 2313-2315 , Block B, Zhongshen Garden,
                                         Caitian South Road, Futian District, Shenzhen, Guangdong Province, China (hereinafter
                                         referred to as “the Borrower”).

 

		(2)	Moxian
                                         China, Inc. at Room 2313-2315, Block B, Zhongshen Garden, Caitian South Road, Futian
                                         District, Shenzhen, Guangdong Province, China 518101, which owns 100% equity interests
                                         of the Borrower (hereinafter referred to as “MOXC”).

 

(hereinafter
together referred to as “the Parties”)

 

		1.	RECITALS

 

		1.1	The
                                         Lender lent the Borrower an aggregate of RMB720,000 (approximately U.S. $117,428), with
                                         RMB 630,000 (approximately U.S. $102,942)
                                         borrowed on October 31, 2014 and RMB 90,000 (approximately U.S. $14,486) borrowed on
                                         November 30, 2014, respectively (collectively, the “Loan”) in contemplation
                                         of and upon prior agreement to the terms and conditions contained in this Agreement and
                                         at the express request of the Borrower.

 

		1.3	MOXC
                                         has agreed to repay the Loan and interest accrued on the Loan in accordance with the
                                         terms of this Agreement.

 

		1.4	In
                                         consideration of the Lender continuing to make the Loan available to the Borrower, the
                                         mutual covenants hereinafter set forth, and for other good and valuable consideration,
                                         the receipt and sufficiency of which is hereby acknowledged, the Parties hereto hereby
                                         agree to the terms and conditions set out in this Agreement.

 

		2.	THE LOAN

 

		2.1	The
                                         Lender lent the Loan to the Borrower and the Borrower acknowledges receipt of the same.

 

		2.2	In
                                         consideration of the Loan made to the Borrower, MOXC hereby agrees to issue to the Lender
                                         an unsecured Convertible Promissory Note in substantially the form attached hereto as
                                         Exhibit A (the “Note”), and MOXC hereby agrees to repay the
                                         Note to the Lender in full on or before the Maturity Date. The Note shall be due and
                                         payable on the first anniversary from the issuance date of the Note (the “Maturity
                                         Date”) and it shall be interest free. Upon the consummation of a Qualified
                                         Financing (as defined below), the Note shall automatically convert into shares of common
                                         stock, par value $.001 of MOXC (“Common Stock” and such shares of
                                         Common Stock issuable upon conversion shall be referred to as the “Conversion
                                         Shares”) at a conversion price (the “Mandatory Conversion Price”)
                                         which is equal to the per share price of the Qualified Securities (as defined below)
                                         if a Qualified Financing. If no Qualified Financing is consummated prior to the Maturity
                                         Date, then within 30 days after the Maturity Date (as extended by the Lender from time
                                         to time) as long as any of the principal or interest of the Note is still outstanding,
                                         the Lender shall have the option to convert the Note into Conversion Shares at the volume
                                         weighted average price of the Common Stock as reported by Bloomberg for a period of twenty
                                         trading days immediately prior to the conversion (the “Optional Conversion Price”).
                                         For the purpose of this Agreement, the term “Qualified Financing”
                                         is defined as the sale for cash by the Company of any equity or convertible securities
                                         (“Qualified Securities”) generating aggregate gross proceeds of at
                                         least $5,000,000.

 

    	1

    	 

    

 

		2.3	Prepayment
                                         of the Note before the Maturity Date may be made to the Lender without any penalty.

 

		2.4	The
                                         Parties may by written consent extend the Maturity Date.

 

		2.5	The
                                         Lender may assign the Note to a third party with a notice to MOXC of such assignment.
                                         MOXC shall not assign the Note without prior written consent by the Lender.

 

		2.6	All
                                         payments by the Borrower under this Agreement shall so far as the law permits be made
                                         in full without any deduction or withholding (whether in respect of a set off, counterclaim,
                                         duties, tax, charges, levies or otherwise howsoever).

 

		5	REPRESENTATIONS, WARRANTIES AND
    UNDERTAKING

 

5.1          Each
of MOXC and the Borrower represents, warrants and undertakes to the Lender that:

 

(a)     it
is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation,
and has the requisite corporate power to own its properties and to carry on its business as now being conducted; and

 

(b)     This
Agreement has been duly authorized, executed and delivered by it, and is the valid and binding, enforceable in accordance with
their terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of
creditors’ rights generally, or principles of equity. It has full corporate power and authority necessary to enter into
and deliver this Agreement and to perform its obligations thereunder.

 

(c)     The
execution, delivery and performance of this Agreement will not: (i) result in a violation of its Articles of Incorporation and
Bylaws (or equivalent constitutive document) (ii) violate or conflict with, or result in a breach of any provision of, or constitute
a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights
of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the is a party, or
result in a violation of any law, rule, regulation, order, judgment or decree applicable to the Borrower or MOXC or by which any
of its property or asset or affected except for those which could not reasonably be expected to have a material adverse effect
on its assets, business, condition (financial or otherwise), results of operations or its future prospects taken as a whole.

 

    	2

    	 

    

 

5.2          The
Lender hereby represents, warrants and undertakes to the Borrower and Moxian:

 

(a)     The
Lender is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation. And the Lender
has the requisite power and authority to enter into and perform this Agreement and to purchase the Note. The execution, delivery
and performance of this Agreement by the Lender and the consummation by Lender of the transactions contemplated hereby have been
duly authorized by all necessary company action. This Agreement has been duly authorized, executed and delivered by Lender and
constitutes, or shall constitute when executed and delivered, a valid and binding obligation of Lender, enforceable against Lender
in accordance with the terms thereof.

 

(b)     The
execution, delivery and performance of this Agreement and the consummation by Lender of the transactions contemplated hereby do
not and will not result in a violation of Lender’s charter documents, bylaws or other organizational documents, as applicable.

 

(c)     The
Lender hereby acknowledges:

 

(i)     that
it was not, a “U.S. Person” (as defined below) at the time the Lender was offered the Note and as of the date hereof:

 

(A)     Any
natural person resident in the United States;

 

(B)     Any
partnership or corporation organized or incorporated under the laws of the United States;

 

(C)     Any
estate of which any executor or administrator is a U.S. person;

 

(D)     Any
trust of which any trustee is a U.S. person;

 

(E)     Any
agency or branch of a foreign entity located in the United States;

 

(F)     Any
non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
or account of a U.S. person;

 

(G)     Any
discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated,
or (if an individual) resident of the United States; and

 

(H)     Any
partnership or corporation if (i) organized or incorporated under the laws of any foreign jurisdiction and (ii) formed by a U.S.
person principally for the purpose of investing in securities not registered under the 1933 Act, unless it is organized or incorporated,
and owned, by accredited RHL Stockholders (as defined in Rule 501(a) of Regulation D promulgated under the 1933 Act) who are not
natural persons, estates or trusts.

 

    	3

    	 

    

 

For
the purpose of this section, “United States” or “U.S.” means the United States of America,
its territories and possessions, any State of the United States, and the District of Columbia.

 

(ii)     it
understands that no action has been or will be taken in any jurisdiction by MOXC that would permit a public offering of the Note
or the Conversion Shares in any country or jurisdiction where action for that purpose is required;

 

(iii)     as
of the execution date of this Agreement, it is not located within the United States, and it is not purchasing the Note or the
Conversion Shares for the account or benefit of any U.S. Person, except in accordance with one or more available exemptions from
the registration requirements of the Securities Act of 1933, as amended (the “1933 Act”) or in a transaction not subject
thereto;

 

(iv)     it
will not resell the Note or the Conversion Shares except in accordance with the provisions of Regulation S (Rule 901 through 905
and Preliminary Notes thereto), pursuant to a registration statement under the 1933 Act, or pursuant to an available exemption
from registration; and agrees not to engage in hedging transactions with regard to such securities unless in compliance with the
1933 Act;

 

(v)     it
will not engage in hedging transactions with regard to shares of MOXC prior to the expiration of the distribution compliance period
specified in Category 2 or 3 (paragraph (b)(2) or (b)(3)) in Rule 903 of Regulation S, as applicable, unless in compliance with
the 1933 Act; and as applicable, shall include statements to the effect that the securities have not been registered under the
1933 Act and may not be offered or sold in the United States or to U.S. persons (other than distributors) unless the securities
are registered under the 1933 Act, or an exemption from the registration requirements of the 1933 Act is available;

 

(vi)     No
form of “directed selling efforts” (as defined in Rule 902 of Regulation S under the 1933 Act), general solicitation
or general advertising in violation of the 1933 Act has been or will be used nor will any offers by means of any directed selling
efforts in the United States be made by the Lender or any of its representatives in connection with the offer and sale of the
Note or the Conversion Shares.

 

(d)     The
Lender understands and agrees that the Note and the Conversion Shares are “restricted securities” and have
not been registered under the 1933 Act or any applicable state securities laws by reason of their issuance in a transaction that
does not require registration under the 1933 Act, and that such Note and Conversion Shares must be held indefinitely unless a
subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such registration.
The Lender understands that it is not anticipated that there will any market for the resale of the Note or the Conversion shares.

 

(e)     The
Notes and the Conversion Shares shall bear the following or similar legend:

 

“THE
ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, NOR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I)
IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
(B) AN OPINION OF COUNSEL (REASONABLY ACCEPTABLE TO THE COMPANY), IN AN ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER
SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.”

 

    	4

    	 

    

 

(f)     Except
as set forth on Schedule 5.2 (f), the Lender is not any of the followings:

 

(i)     an
affiliate (as defined under the 1933 Act) of the Borrower or MOXC;

 

(ii)    a
director or an officer of the Borrower or MOXC;

 

(iii)   a
promoter (as defined under Rule 405 of the Securities Act of 1933, as amended) for the Borrower or MOXC; or

 

(iv)   a
shareholder who owns more than 5% of the securities of the Borrower or MOXC.

 

		6	NO JOINT VENTURE OR PARTNERSHIP

 

		6.1	Nothing
                                         in this Agreement shall create a partnership or joint venture between the Parties hereto
                                         and save as expressly provided in this Agreement neither party shall enter into or have
                                         authority to enter into any engagement or make any representation or warranty on behalf
                                         of or pledge the credit of or otherwise bind or oblige the other party hereto.

 

		7	MISCELLANEOUS

 

		7.1	No
                                         waiver, alteration, variation or addition to this Agreement shall be effective unless
                                         made in writing on or after the date of signature of this Agreement by the Parties and
                                         accepted by an authorised signatory of the Parties.

 

		7.2	All
                                         notices, documents, consents, approvals or other communications (a ‘Notice’)
                                         to be given hereunder shall be in writing and shall be transmitted by registered or recorded
                                         delivery mail or courier or personal delivery to the party being served at the relevant
                                         address for that party shown at the head of this Agreement. Any Notice sent by mail or
                                         courier shall be deemed to have been duly served three working days after the date of
                                         posting or dispatch.

 

		7.3	The headings in this Agreement shall
    not affect its interpretation.

 

		7.4	Throughout
                                         this Agreement, whenever required by the context, the use of the singular number shall
                                         be construed to include the plural, and the use of the plural the singular, and the use
                                         of any gender shall include all genders.

 

		7.5	Reference
                                         in this Agreement to a clause or Schedule is to a clause or Schedule of this Agreement.

 

		7.6	If
                                         any term or provision in this Agreement shall be held to be illegal or unenforceable,
                                         in whole or in part, under any enactment or rule of law, such term or provision or part
                                         shall to that extent be deemed not to form part of this Agreement but the validity and
                                         enforceability of the remainder of this Agreement shall not be affected.

 

    	5

    	 

    

 

		7.7	The
                                         waiver or forbearance or failure of a party in insisting in any one or more instances
                                         upon the performance of any provisions of this Agreement shall not be construed as a
                                         waiver or relinquishment of that party’s rights to future performance of such provision
                                         and the other party’s obligations in respect of such future performance shall continue
                                         in full force and effect.

 

		7.8	This
                                         Agreement constitutes the entire agreement between the Parties relating to the subject
                                         matter hereof, and except as stated herein or in the instruments and documents to be
                                         executed and delivered pursuant hereto, contains all the representations and warranties
                                         of the Parties relating to the subject matter hereof.

 

		7.9	The
                                         Borrower hereby acknowledges that he has obtained independent legal advice on all and
                                         every aspect of this Agreement.

 

		7.10	This
                                         Agreement shall be governed by and construed in accordance with the laws of the State
                                         of Nevada without regard to principles of conflicts of laws. Any action brought by either
                                         party hereto against the other concerning the transactions contemplated by this Agreement
                                         shall be brought only in the state courts of Nevada or in the federal courts located
                                         in the State of Nevada. The parties to this Agreement hereby irrevocably waive any objection
                                         to jurisdiction and venue of any action instituted hereunder and shall not assert any
                                         defense based on lack of jurisdiction or venue or based upon forum non conveniens.
                                         The parties hereto agree to submit to the in personam jurisdiction of such courts and
                                         hereby irrevocably waive trial by jury. The prevailing party shall be entitled
                                         to recover from the other party its reasonable attorney’s fees and costs.

 

		7.11	This
                                         Agreement constitutes 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 hereto.
                                         None of the parties hereof has relied on any representations not contained or referred
                                         to in this Agreement and the documents delivered herewith.

 

		7.12	The
                                         Lender may assign or otherwise convey this Agreement and any of its rights or obligations
                                         hereunder or interest herein, in whole or part, to any other person with a written notice
                                         to the Borrower and MOXC of such assignment. MOXC or the Borrower shall not assign their
                                         respective rights or obligations under this Agreement to any other party unless approved
                                         by the Lender or its successors or assigns.

 

    	6

    	 

    

  

IN
WITNESS WHEREOF the parties hereto have signed, sealed, delivered and executed this Agreement as a Deed of the date first written
above.

 

	MOXIAN CHINA LIMITED	 
	 	 
	/s/ Ng Ka Lam 	 
	Name: Ng Ka Lam	 
	Title: Director	 
	 	 
	

MOXIAN
TECHNOLOGIES

(SHENZHEN)
CO., LTD.

	 
	 	 
	/s/ Sun Dan Dan

 	 
	

Name:
Sun Dan Dan

	 
	Title:
        Legal Representative

	 
	 	 
	MOXIAN CHINA, INC.	 
	 	 
	/s/ Ng Kian Yong 	 
	Name: Ng Kian Yong	 
	Title: Chief Executive Officer	 

 

 

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Schedule
5.2(f)

Affiliation

 

As
of the date of this Agreement, the Lender owned 33.8% of the total outstanding shares of Common Stock of MOXC.

 

 

 

 

 

    	

    	 

    

 

EXHIBIT
A

 

CONVERTIBLE
PROMISSORY NOTE

 

Incorporated
by reference herein Exhibit 4.2 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission
on December 31, 2014.Exhibit 10.9

 

THIS LOAN AGREEMENT is made on December 31, 2014

 

BETWEEN

 

		(1)	Moxian China Limited at Room 2807, 28/F., Paul Y. Centre, 51 Hung To Road, Kwun Tong, Kowloon,
Hong Kong (hereinafter referred to as “the Lender”)

 

		(2)	Moxian Malaysia SDN BHD at Suite 13.02 Centrepoint South. Mid Valley City.Lingkaran Syed
Putra.59200 Kuala Lumpur, Malaysia. (hereinafter referred to as “the Borrower”).

 

		(2)	Moxian China, Inc. at Room 2313-2315, Block B, Zhongshen Garden, Caitian South Road, Futian
District, Shenzhen, Guangdong Province, China 518101, which owns 100% equity interests of the Borrower (hereinafter referred to
as “MOXC”).

 

(hereinafter together referred to as
“the Parties”)

 

		1.	RECITALS

 

		1.1	The Lender lent the Borrower an aggregate of RM 141,900 (approximately U.S. $40,637), with RM 118,800
(approximately U.S. $34,032) borrowed on October 31, 2014 and RM 23,100 (approximately U.S. $6,605) borrowed on November 30, 2014,
respectively (collectively, the “Loan”) in contemplation of and upon prior agreement to the terms and conditions
contained in this Agreement and at the express request of the Borrower.

 

		1.3	MOXC has agreed to repay the Loan and interest accrued on the Loan in accordance with the terms
of this Agreement.

 

		1.4	In consideration of the Lender continuing to make the Loan available to the Borrower, the mutual
covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties hereto hereby agree to the terms and conditions set out in this Agreement.

 

		2.	THE LOAN

 

		2.1	The Lender lent the Loan to the Borrower and the Borrower acknowledges receipt of the same.

 

		2.2	In consideration of the Loan made to the Borrower, MOXC hereby agrees to issue to the Lender an
unsecured Convertible Promissory Note in substantially the form attached hereto as Exhibit A (the “Note”),
and MOXC hereby agrees to repay the Note to the Lender in full on or before the Maturity Date. The Note shall be due and payable
on the first anniversary from the issuance date of the Note (the “Maturity Date”) and it shall be interest free.
Upon the consummation of a Qualified Financing (as defined below), the Note shall automatically convert into shares of common stock,
par value $.001 of MOXC (“Common Stock” and such shares of Common Stock issuable upon conversion shall be referred
to as the “Conversion Shares”) at a conversion price (the “Mandatory Conversion Price”)
which is equal to the per share price of the Qualified Securities (as defined below) if a Qualified Financing. If no Qualified
Financing is consummated prior to the Maturity Date, then within 30 days after the Maturity Date (as extended by the Lender from
time to time) as long as any of the principal or interest of the Note is still outstanding, the Lender shall have the option to
convert the Note into Conversion Shares at the volume weighted average price of the Common Stock as reported by Bloomberg for a
period of twenty trading days immediately prior to the conversion (the “Optional Conversion Price”). For the
purpose of this Agreement, the term “Qualified Financing” is defined as the sale for cash by the Company of
any equity or convertible securities (“Qualified Securities”) generating aggregate gross proceeds of at least
$5,000,000.

 

    	1

    	 

    

 

 

		2.3	Prepayment of the Note before the Maturity Date may be made to the Lender without any penalty.

 

		2.4	The Parties may by written consent extend the Maturity Date.

 

		2.5	The Lender may assign the Note to a third party with a notice to MOXC of such assignment. MOXC
shall not assign the Note without prior written consent by the Lender.

 

		2.6	All payments by the Borrower under this Agreement shall so far as the law permits be made in full
without any deduction or withholding (whether in respect of a set off, counterclaim, duties, tax, charges, levies or otherwise
howsoever).

 

		5	REPRESENTATIONS, WARRANTIES AND UNDERTAKING

 

5.1          Each of MOXC and the Borrower
represents, warrants and undertakes to the Lender that:

 

(a)     it is a corporation
duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the requisite
corporate power to own its properties and to carry on its business as now being conducted; and

 

(b)     This Agreement
has been duly authorized, executed and delivered by it, and is the valid and binding, enforceable in accordance with their terms,
except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors’
rights generally, or principles of equity. It has full corporate power and authority necessary to enter into and deliver this Agreement
and to perform its obligations thereunder.

 

(c)     The execution,
delivery and performance of this Agreement will not: (i) result in a violation of its Articles of Incorporation and Bylaws (or
equivalent constitutive document) (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default
(or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the is a party, or result in a violation
of any law, rule, regulation, order, judgment or decree applicable to the Borrower or MOXC or by which any of its property or asset
or affected except for those which could not reasonably be expected to have a material adverse effect on its assets, business,
condition (financial or otherwise), results of operations or its future prospects taken as a whole.

 

    	2

    	 

    

 

5.2          The Lender hereby represents,
warrants and undertakes to the Borrower and Moxian:

 

(a)     The Lender
is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation. And the Lender has
the requisite power and authority to enter into and perform this Agreement and to purchase the Note. The execution, delivery and
performance of this Agreement by the Lender and the consummation by Lender of the transactions contemplated hereby have been duly
authorized by all necessary company action. This Agreement has been duly authorized, executed and delivered by Lender and constitutes,
or shall constitute when executed and delivered, a valid and binding obligation of Lender, enforceable against Lender in accordance
with the terms thereof.

 

(b)     The execution,
delivery and performance of this Agreement and the consummation by Lender of the transactions contemplated hereby do not and will
not result in a violation of Lender’s charter documents, bylaws or other organizational documents, as applicable.

 

(c)     The Lender
hereby acknowledges:

 

(i)     that it was not, a
“U.S. Person” (as defined below) at the time the Lender was offered the Note and as of the date hereof:

 

(A)     Any natural person resident
in the United States;

 

(B)     Any partnership or corporation
organized or incorporated under the laws of the United States;

 

(C)     Any estate of which
any executor or administrator is a U.S. person;

 

(D)     Any trust of which any
trustee is a U.S. person;

 

(E)     Any agency or branch
of a foreign entity located in the United States;

 

(F)     Any non-discretionary
account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a
U.S. person;

 

(G)     Any discretionary account
or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual)
resident of the United States; and

 

(H)     Any partnership or corporation
if (i) organized or incorporated under the laws of any foreign jurisdiction and (ii) formed by a U.S. person principally for the
purpose of investing in securities not registered under the 1933 Act, unless it is organized or incorporated, and owned, by accredited
RHL Stockholders (as defined in Rule 501(a) of Regulation D promulgated under the 1933 Act) who are not natural persons, estates
or trusts.

 

    	3

    	 

    

 

For the purpose of this section,
“United States” or “U.S.” means the United States of America, its territories and possessions,
any State of the United States, and the District of Columbia.

 

(ii)     it understands that
no action has been or will be taken in any jurisdiction by MOXC that would permit a public offering of the Note or the Conversion
Shares in any country or jurisdiction where action for that purpose is required;

 

(iii)     as of the execution
date of this Agreement, it is not located within the United States, and it is not purchasing the Note or the Conversion Shares
for the account or benefit of any U.S. Person, except in accordance with one or more available exemptions from the registration
requirements of the Securities Act of 1933, as amended (the “1933 Act”) or in a transaction not subject thereto;

 

(iv)     it will not resell
the Note or the Conversion Shares except in accordance with the provisions of Regulation S (Rule 901 through 905 and Preliminary
Notes thereto), pursuant to a registration statement under the 1933 Act, or pursuant to an available exemption from registration;
and agrees not to engage in hedging transactions with regard to such securities unless in compliance with the 1933 Act;

 

(v)     it will not engage
in hedging transactions with regard to shares of MOXC prior to the expiration of the distribution compliance period specified in
Category 2 or 3 (paragraph (b)(2) or (b)(3)) in Rule 903 of Regulation S, as applicable, unless in compliance with the 1933 Act;
and as applicable, shall include statements to the effect that the securities have not been registered under the 1933 Act and may
not be offered or sold in the United States or to U.S. persons (other than distributors) unless the securities are registered under
the 1933 Act, or an exemption from the registration requirements of the 1933 Act is available;

 

(vi)     No form of “directed
selling efforts” (as defined in Rule 902 of Regulation S under the 1933 Act), general solicitation or general advertising
in violation of the 1933 Act has been or will be used nor will any offers by means of any directed selling efforts in the United
States be made by the Lender or any of its representatives in connection with the offer and sale of the Note or the Conversion
Shares.

 

(d)     The Lender
understands and agrees that the Note and the Conversion Shares are “restricted securities” and have not been
registered under the 1933 Act or any applicable state securities laws by reason of their issuance in a transaction that does not
require registration under the 1933 Act, and that such Note and Conversion Shares must be held indefinitely unless a subsequent
disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such registration. The Lender
understands that it is not anticipated that there will any market for the resale of the Note or the Conversion shares.

 

(e)     The Notes
and the Conversion Shares shall bear the following or similar legend:

 

“THE ISSUANCE AND
SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR
APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE
OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF
COUNSEL (REASONABLY ACCEPTABLE TO THE COMPANY), IN AN ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II)
UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.”

 

    	4

    	 

    

 

(f)     Except
as set forth on Schedule 5.2 (f), the Lender is not any of the followings:

 

(i)     an affiliate (as defined
under the 1933 Act) of the Borrower or MOXC;

 

(ii)    a director or an officer
of the Borrower or MOXC;

 

(iii)   a promoter (as defined
under Rule 405 of the Securities Act of 1933, as amended) for the Borrower or MOXC; or

 

(iv)   a shareholder who owns
more than 5% of the securities of the Borrower or MOXC.

 

		6	NO JOINT VENTURE OR PARTNERSHIP

 

		6.1	Nothing in this Agreement shall create a partnership or joint venture between the Parties hereto
and save as expressly provided in this Agreement neither party shall enter into or have authority to enter into any engagement
or make any representation or warranty on behalf of or pledge the credit of or otherwise bind or oblige the other party hereto.

 

		7	MISCELLANEOUS

 

		7.1	No waiver, alteration, variation or addition to this Agreement shall be effective unless made in
writing on or after the date of signature of this Agreement by the Parties and accepted by an authorised signatory of the Parties.

 

		7.2	All notices, documents, consents, approvals or other communications (a ‘Notice’) to
be given hereunder shall be in writing and shall be transmitted by registered or recorded delivery mail or courier or personal
delivery to the party being served at the relevant address for that party shown at the head of this Agreement. Any Notice sent
by mail or courier shall be deemed to have been duly served three working days after the date of posting or dispatch.

 

		7.3	The headings in this Agreement
shall not affect its interpretation.

 

		7.4	Throughout this Agreement, whenever required by the context, the use of the singular number shall
be construed to include the plural, and the use of the plural the singular, and the use of any gender shall include all genders.

 

		7.5	Reference in this Agreement to a clause or Schedule is to a clause or Schedule of this Agreement.

 

		7.6	If any term or provision in this Agreement shall be held to be illegal or unenforceable, in whole
or in part, under any enactment or rule of law, such term or provision or part shall to that extent be deemed not to form part
of this Agreement but the validity and enforceability of the remainder of this Agreement shall not be affected.

 

    	5

    	 

    

 

		7.7	The waiver or forbearance or failure of a party in insisting in any one or more instances upon
the performance of any provisions of this Agreement shall not be construed as a waiver or relinquishment of that party’s
rights to future performance of such provision and the other party’s obligations in respect of such future performance shall
continue in full force and effect.

 

		7.8	This Agreement constitutes the entire agreement between the Parties relating to the subject matter
hereof, and except as stated herein or in the instruments and documents to be executed and delivered pursuant hereto, contains
all the representations and warranties of the Parties relating to the subject matter hereof.

 

		7.9	The Borrower hereby acknowledges that he has obtained independent legal advice on all and every
aspect of this Agreement.

 

		7.10	This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada
without regard to principles of conflicts of laws. Any action brought by either party hereto against the other concerning the transactions
contemplated by this Agreement shall be brought only in the state courts of Nevada or in the federal courts located in the State
of Nevada. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted
hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The
parties hereto agree to submit to the in personam jurisdiction of such courts and hereby irrevocably waive trial by jury. The
prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs.

 

		7.11	This Agreement constitutes 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 hereto. None of the parties hereof has relied on any
representations not contained or referred to in this Agreement and the documents delivered herewith.

 

		7.12	The Lender may assign or otherwise convey this Agreement and any of its rights or obligations hereunder
or interest herein, in whole or part, to any other person with a written notice to the Borrower and MOXC of such assignment. MOXC
or the Borrower shall not assign their respective rights or obligations under this Agreement to any other party unless approved
by the Lender or its successors or assigns.

 

    	6

    	 

    

  

IN WITNESS WHEREOF the parties hereto
have signed, sealed, delivered and executed this Agreement as a Deed of the date first written above.

 

	MOXIAN CHINA LIMITED	 
	 	 
	/s/ Ng Ka Lam	 
	Name: Ng Ka Lam	 
	Title: Director	 
	 	 
	MOXIAN MALAYSIA SDN BHD	 
	 	 
	/s/ Chan Foo Weng	 
	Name: Chan Foo Weng

	 
	Title: Director

	 
	 	 
	MOXIAN CHINA, INC.	 
	 	 
	/s/ Ng Kian Yong	 
	Name: Ng Kian Yong	 
	Title: Chief Executive Officer	 

 

 

    	7

    	 

    

  

Schedule 5.2(f)

Affiliation

 

As of the date of this Agreement, the
Lender owned 33.8% of the total outstanding shares of Common Stock of MOXC.

 

 

 

 

 

    	

    	 

    

 

EXHIBIT A

 

CONVERTIBLE PROMISSORY NOTE

 

Incorporated by reference herein Exhibit 4.2 to the Company’s
Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 31, 2014.

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