Document:

EX-10.13.1

 Exhibit 10.13.1 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This First Amendment to Credit Agreement (this “Amendment”) dated as of June 26, 2017, is entered
into by and among HORTONWORKS, INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time party to this Amendment (each a
“Lender” and, collectively, the “Lenders”), and SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent for the Lenders (in such capacity, the
“Administrative Agent”). 
 WITNESSETH: 

WHEREAS, reference is made to that certain Credit Agreement dated as of November 2, 2016 (as the same may be
further amended, amended and restated, supplemented, restructured or otherwise modified, renewed or replaced from time to time, the “Credit Agreement”) by and among the Borrower, the Lenders and the Administrative Agent. All
capitalized terms used herein, and not otherwise defined herein, shall have the meanings assigned to such terms in the Credit Agreement; and 

WHEREAS, the parties hereto have agreed to modify and amend certain terms and conditions of the Credit Agreement,
subject to the terms and conditions contained herein. 
 NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Amendments to
Section 7.1 of the Credit Agreement. 
  

	 	a.	 Section 7.1(a) of the Credit Agreement is hereby amended and restated in its entirety as follows:

 “(a) Minimum Consolidated EBITDA. Permit Consolidated Adjusted EBITDA for
any period of four consecutive trailing quarters ended on the last day of any quarter ending (i) December 31, 2016, (ii) March 31, 2017, (iii) June 30, 2017, (iv) September 30, 2017, and
(v) December 31, 2017 to be less than the corresponding quarterly amount indicated in the “Minimum Consolidated Adjusted EBITDA” row in the Hortonworks Projections, dated October 31, 2016, provided to the Administrative
Agent, as updated in writing as delivered to the Administrative Agent on June 26, 2017 with respect to the fiscal quarter ending June 30, 2017. For each fiscal quarter ending after December 31, 2017, minimum Consolidated Adjusted
EBITDA covenant thresholds shall be agreed by the Administrative Agent and the Borrower based on Borrower’s board-approved Projections delivered pursuant to Section 6.2(c) for the fiscal year ending December 31, 2018; provided that
failure to provide such Projections or to reach agreement on such covenant thresholds on or prior to March 31, 2018 of such fiscal year shall be an immediate Event of Default. The agreement of the Administrative Agent to establish covenant
levels for the 2018 fiscal year shall not be unreasonably withheld or delayed and shall otherwise be determined on the basis and using the methodology employed when establishing the minimum Consolidated Adjusted EBITDA covenant thresholds for the
2017 fiscal year.” 
 2. Conditions Precedent to Effectiveness. This Amendment shall not be effective until each
of the following conditions precedent has been fulfilled to the satisfaction of the Administrative Agent: 
  

	 	a.	 This Amendment shall have been duly executed and delivered by the respective parties hereto. The
Administrative Agent shall have received a fully executed copy hereof. 

	 	b.	 All necessary consents and approvals to authorize this Amendment shall have been obtained by the applicable
Loan Parties. 

  

	 	c.	 The Administrative Agent shall have received a certificate duly executed by a Responsible Officer certifying
that, after giving effect to this Amendment, (i) no Default or Event of Default shall have occurred and be continuing, and (ii) each of the representations and warranties made by each Loan Party in or pursuant to this Amendment or any
other Loan Document (i) that is qualified by materiality shall be true and correct, and (ii) that is not qualified by materiality, shall be true and correct in all material respects, in each case, on and as of such date as if made on and
as of such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall have been true and correct in all material respects as of such earlier date.

  

	 	d.	 The Administrative Agent shall have received the fees, costs and expenses required to be paid pursuant to
Section 7 of this Amendment (including the reasonable and documented fees and disbursements of legal counsel required to be paid thereunder). 

3. Representations and Warranties. Each Loan Party hereby represents and warrants to the Administrative Agent and the
Lenders as follows: 
 (a) The Credit Agreement, as amended by this Amendment, constitutes, and each other Loan Document
upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

(b) Each of the representations and warranties set forth in this Amendment, the Credit Agreement, as amended by this Amendment
and after giving effect hereto, and the other Loan Documents to which it is a party (i) that is qualified by materiality is true and correct, and (ii) that is not qualified by materiality, is true and correct in all material respects, in
each case, on and as of such date as if made on and as of such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty is true and correct in all material
respects as of such earlier date. 
 4. Choice of Law. This Amendment and the rights of the parties hereunder, shall
be determined under, governed by, and construed in accordance with the laws of the State of New York. 
 5. Counterpart
Execution. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of
an executed signature page of this Amendment by facsimile or other electronic mail transmission shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged
with the Borrower and the Administrative Agent. 
 6. Effect on Loan Documents. 

(a) The Credit Agreement, as amended and modified hereby, and each of the other Loan Documents shall be and remain in full
force and effect in accordance with their respective terms and hereby are ratified and confirmed in all respects. The execution, delivery, and performance of this 

  
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Amendment shall not operate, except as expressly set forth herein, as a modification or waiver of any right, power, or remedy of the Administrative Agent or any Lender under the Credit Agreement
or any other Loan Document. The consents, modifications and other agreements herein are limited to the specifics hereof (including facts or occurrences on which the same are based), shall not apply with respect to any facts or occurrences other than
those on which the same are based, and except as expressly set forth herein, shall neither excuse any non-compliance with the Loan Documents, nor operate as a consent or waiver to any matter under the Loan Documents. Except for the amendments to the
Credit Agreement expressly set forth herein, the Credit Agreement and other Loan Documents shall remain unchanged and in full force and effect. To the extent any terms or provisions of this Amendment conflict with those of the Credit Agreement or
other Loan Documents, the terms and provisions of this Amendment shall control. 
 (b) To the extent that any terms and
conditions in any of the Loan Documents shall contradict or be in conflict with any terms or conditions of the Credit Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified or amended accordingly to
reflect the terms and conditions of the Credit Agreement, as modified or amended hereby. 
 (c) This Amendment is a Loan
Document. 
 7. Payment of Costs and Fees. The Borrower shall pay to the Administrative Agent all costs and all
reasonable out-of-pocket expenses in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses
of outside counsel retained by Administrative Agent, in each case, as set forth in Section 10.5 of the Credit Agreement). 

8. Release by Group Members. Each Group Member, for itself and on behalf of its successors, assigns, and officers,
directors, employees, agents and attorneys, and any Person acting for or on behalf of, or claiming through it, hereby waives, releases, remises and forever discharges the Administrative Agent and each of the Lenders and each of their respective
successors in title, past and present and future officers, directors, employees, limited partners, general partners, investors, attorneys, assigns, subsidiaries, shareholders, trustees, agents and other professionals and all other persons and
entities to whom the Administrative Agent or any Lender would be liable if such persons or entities were found to be liable to such Group Member (each a “Releasee” and collectively, the “Releasees”), from any and
all claims, suits, liens, lawsuits, amounts paid in settlement, debts, deficiencies, diminution in value, disbursements, demands, obligations, liabilities, causes of action, damages, losses, costs and expenses of any kind or character, whether based
in equity, law, contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law (each a “Claim” and collectively, the “Claims”), whether known or unknown, fixed or contingent,
direct, indirect, or derivative, asserted or unasserted, matured or unmatured, foreseen or unforeseen, past or present, liquidated or unliquidated, suspected or unsuspected, which such Group Member ever had or now has against any such Releasee which
arose from the beginning of the world to and including the date hereof which relates, directly or indirectly to the Credit Agreement, any other Loan Document, or to any acts or omissions of any such Releasee with respect to the Credit Agreement or
any other Loan Document, or to the lender-borrower relationship evidenced by the Loan Documents, except for the duties and obligations set forth in this Amendment. As to each and every Claim released hereunder, each Group Member also waives the
benefit of each other similar provision of applicable federal or state law (including without limitation the laws of the state of New York), if any, pertaining to general releases after having been advised by its legal counsel with respect thereto.

 9. Entire Agreement. This Amendment and the other Loan Documents represent the entire agreement of Holdings, the
Borrower, the other Loan Parties, the Administrative Agent and the Lenders 

  
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with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to the subject
matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 
 10. Reaffirmation.
Each Loan Party hereby reaffirms its obligations under each Loan Document to which it is a party. Each Loan Party hereby further ratifies and reaffirms the validity and enforceability of all of the Liens heretofore granted, pursuant to and in
connection with the Guarantee and Collateral Agreement or any other Loan Document to the Administrative Agent on behalf and for the benefit of Secured Parties, as collateral security for the obligations under the Loan Documents in accordance with
their respective terms, and acknowledges that all of such Liens, and all collateral heretofore pledged as security for such obligations, continues to be and remain collateral for such obligations from and after the date hereof. 

11. Ratification. The Borrower hereby restates, ratifies and reaffirms each and every term and condition set forth in
the Credit Agreement and the Loan Documents effective as of the date hereof and as amended hereby. 
 12.
Severability. Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

[SIGNATURE PAGES FOLLOW] 

  
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 IN WITNESS WHEREOF, each of the undersigned has caused this Amendment to be duly
executed and delivered by its proper and duly authorized officer as of the date set forth below. 
  

			
	BORROWER:
	
	HORTONWORKS, INC.
		
	By:	 	    /s/ Scott Davidson

 
			
	Name:	 	Scott Davidson
	Title:	 	Chief Financial Officer

 
			
	ADMINISTRATIVE AGENT:
	
	SILICON VALLEY BANK

 
			
		
	By:	 	     /s/ Laura Gentile

 
			
	Name:	 	Laura Gentile
	Title:	 	Vice President

  

			
	LENDERS:
	
	SILICON VALLEY BANK
		
	By:	 	     /s/ Laura Gentile

 
			
	Name:	 	Laura Gentile
	Title:	 	Vice PresidentExhibit 10.1

 

THESE SECURITIES HAVE NOT BEEN APPROVED
OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER FEDERAL OR STATE REGULATORY AUTHORITY. THE SHARES BEING SOLD
HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF RISK. THE SALE PRICE WAS DETERMINED ARBITRARILY BY THE SELLERS AND BEARS NO
RELATIONSHIP TO THE ASSETS, EARNINGS, BOOK VALUE, CURRENT OR FUTURE TRADING PRICE OF THE SHARES, OR ANY OTHER CRITERIA.

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE
AGREEMENT is made and entered into this 3rd day of August, 2017 by and among Tianci
International, Inc., a Nevada corporation (the "Company"), Shifang Wan (the "Seller"), and the purchasers set
forth on Exhibit A,  attached hereto
and incorporated herein (each, a "Purchaser", and collectively, the “Purchasers”). Seller owns 4,397,837
shares of the common stock of the Company. Purchasers desire to purchase from Seller, and Seller is willing to sell shares of such
common stock, subject to the terms and conditions contained in this Agreement.

 

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

 

1.      
Purchase and Sale. The Seller hereby
agrees to sell to the Purchasers and the Purchasers, in reliance on the representations and warranties contained herein, and subject
to the terms and conditions of this Agreement, agree to purchase from the Sellers 4,397,837 shares of Common Stock of the Company
(the “Shares”)
for a total gross purchase price of Three Hundred Fifty Thousand Dollars ($350,000) (the "Gross Purchase Price"),
payable in immediately available funds in United States currency. Purchasers and Seller acknowledge and accept that the trading
price of the Shares may decrease or increase subsequent to the sale of the Shares. Purchaser and Sellers waive claims to any losses
as a result of the sale of the Shares. 

 

2.     
Closing. The Closing of the purchase and sale of the Shares shall occur upon
the satisfaction or waiver of all conditions set forth below, but no later than 5 PM EST
August 11, 2017, or such other date as may be mutually agreed by the parties in writing.

 

2.1.        Condition
Precedent. As a condition precedent to the obligations of the Purchasers to purchase the Shares, the Purchasers shall have
conducted a due diligence review of the Company and its books and records to its full satisfaction.

 

2.2.        Sellers/Company
Deliverables: Unless waived in writing by Purchasers, the Seller and the Company shall:

 

2.2.1.      
Ten calendar days prior to the Closing, cause the Company to file and mail to each of the Company’s
stockholders an information statement required by Rule 14f-1 promulgated under the Exchange Act of 1934, as amended (the “Exchange
Act”), in connection with the change of control to be effectuated
by the appointment of new officers and directors at the Closing;

 

2.2.2.     Prior
to the Closing:

 

2.2.2.1.  Cause the
Company to timely file a Current Report on Form 8-K disclosing the entry by the Seller of this Agreement;

 

2.2.2.2. Deliver to
the Escrow Agent (or designee) by overnight delivery, the certificates for the Shares, along with a duly executed stock power and
Company indemnity letter in lieu of medallion guarantee for each such certificate(collectively “Sales
Documents”), and the Company Books and Records listed
in Exhibit C unless otherwise agreed to in writing by the parties;

 

2.2.3.     On or prior to the Closing, deliver to the Purchasers:

 

2.2.3.1. Confirmation
of payment in full of all loans and payables of the Company, including without limitation, those made 
by affiliates of the Company;

 

 

 

 

    	 	1	 

     

    

 

2.2.3.2. Signed resignation
letters of all existing officers and directors of the Company;

 

2.2.3.3. Executed Board
consents appointing designees of the Purchasers as directors and officers of the Company;

 

2.2.3.4. All Edgar
codes of the Company necessary to make filings with the Securities and Exchange Commission;

 

2.2.3.5. Contact information
of service providers of the Company necessary to comply with SEC rules and regulations and to maintain the quotation on over the
counter bulletin board listed in Exhibit C;

 

2.2.3.6. Confirmation
from the Company’s auditors that it has received all information
and records desirable and necessary to audit the financial statements (and notes) for the fiscal year ended July 31, 2017; and

 

2.2.3.7. Written confirmation
from the Company’s stock transfer agent that it has received
all documentation necessary to effectuate the transfer of stock certificates representing the Shares to the Purchasers, including
the issuance of stock certificates representing the Shares to the Purchasers or his designee.

 

2.3.        Purchaser
Deliverables: On or prior to the Closing, the Purchasers shall deliver: (i) the Gross Purchase Price to the Escrow Agent; and
(ii) upon the satisfaction of the terms set forth in Section 2.2 hereof as determined by Purchasers in their discretion, written
acknowledgement that Purchasers are satisfied with the results of their due diligence review of the Company and its books and records.

 

 2.4.        Payment of Gross Purchase Price At the Closing, Escrow Agent shall pay, and Purchaser shall cause Escrow Agent to pay, the Gross Purchase Price as follows:

 

		(a)	$97,000 to the Persons and in the amounts set forth on Part A of Exhibit D (the “Expense
Payments”), and in accordance with the wire instructions
for each Expense Payment payee (each, a “Payee”)
set forth on Exhibit E. Escrow Agent shall deliver to Seller, the wire transfer confirmation showing the date, amount and wire
transfer tracking number for each Expense Payment to each Payee. For purposes of this Agreement, “Person”
means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or
political subdivision thereof, or an agency or instrumentality thereof.

 

(b) The remaining $253,000 to Seller (the
“Net Purchase Price”),
and in accordance with the wire transfer instructions for Seller set forth on Exhibit E.

 

3.      
Resignation of Old and Appointment of New Board of Directors and Officers.
The Company and the Seller shall take such corporate action(s) and make such SEC filings on Schedule 14F-1 in compliance with
the Exchange Act Rules and as otherwise required by the Company Articles of Incorporation and/or Bylaws to duly (a) appoint the
below named persons to their respective positions, to be effective as of the Closing Date, and (b) obtain and submit to the Purchasers,
together with all required corporate action(s) the resignation of all members of the board of directors, and any and all corporate
officers as of the Closing Date, all of which actions shall be certified and delivered to the Purchasers as effective at Closing
by the Seller in such form and substance satisfactory to the Purchasers. Following the execution of this Agreement and through
the date of effectiveness of such resignations, no other officers or directors shall be appointed or elected to serve the Company
except as otherwise expressly provided herein.

 

	Name	Position
	Chuah Su Chen	Director and Chief Financial Officer
	Chuah Su Mei	Director, Chief Executive Officer and President
	Yeow Yuen Kai	Director and Chief Technology Officer

 

4.     
Representations and Warranties of the Company and the Seller. Each of the Company
and the Seller hereby severally represents and warrants to each of the following as of the date hereof and the Closing Date:

 

 

 

 

    	 	2	 

     

    

 

4.1.      Corporate
Existence and Power. The Company is a corporation duly organized and validly existing and in good standing under the laws
of the jurisdiction of its incorporation or formation. The Company has the requisite corporate power and authority to carry on
its business as presently conducted and as currently proposed to be conducted, to own and operate its properties and assets, to
execute and deliver this Agreement, and to carry out the provisions of this Agreement. The Company is duly qualified to do business
and is in good standing as a foreign company in all jurisdictions in which the nature of its activities and of its properties
makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse
effect on the Company or its business.

 

4.2.      Subsidiaries.
The Company does not own or control any equity security or other interest of any other corporation, partnership, limited liability
company or other business entity. The Company is not a participant in any joint venture, partnership, limited liability company
or similar arrangement. Since its inception, the Company has not consolidated or merged with, acquired all or substantially all
of the assets of, or acquired the equity securities of or any interest in any corporation, partnership, limited liability company
or other business entity.

 

4.3.      Authorization; No Contravention. The execution, delivery and performance by Seller of this Agreement and the transactions
contemplated hereby (a) have been duly authorized by all necessary action of the Seller and the Company, (b) do not violate,
conflict with or result in any breach or default of (or with due notice or lapse of time or both would result in any breach, default
or contravention of), or the creation of any lien under, any contractual obligation of the Seller or the Company or any requirement
of law applicable to the Company, and (d) do not violate any judgment, injunction, writ, award, decree or order (collectively,
"Orders") of any governmental authority against, or binding upon, the Company. There are no actions, subpoenas,
suits, proceedings, claims, complaints, disputes, arbitrations or investigations (collectively, "Claims") pending,
initiated, or, to the knowledge of the Sellers, threatened, at law, in equity, in arbitration or before any governmental authority
against the Company.

 

4.4.      Governmental Authorization; Third Party Consents. No consent, approval, authorization, order, registration or qualification
(each, an "Authorization") of or with any governmental authority or any other person is required for the execution,
delivery or performance (including, without limitation, the sale of the Shares) by, or enforcement against, the Company of this
Agreement or the consummation by the Company of the transactions contemplated by this Agreement, except (i) such Authorizations
as have already been obtained or (ii) as otherwise provided in this Agreement.

 

4.5.      Capitalization.

 

4.5.1.   The Company's
authorized capital stock consists solely of 100,000,000 shares of common stock, of which 5,054,985 shares are issued and outstanding,
and 20,000,000 authorized shares of preferred stock, of which no shares is issued and outstanding. All shares of Company stock
are owned of record by the shareholders in the amounts set forth in the Shareholder’s list attached hereto as Exhibit
B. There are no outstanding dividends, whether current or accumulated, due or payable on any of the capital stock of the Company.

 

4.5.2.   Seller
is the legal owner, and has good and marketable title (beneficially and of record) to all of the Shares. The Shares, when issued
to the Purchasers pursuant to this Agreement, will be: (i) duly authorized, validly issued, and outstanding; (ii) fully paid,
non-assessable, and free of preemptive rights; and (iii) free and clear of any and all pledges, claims, restrictions, charges,
liens, security interests, encumbrances, or other interests of third parties of any nature whatsoever. As of the date hereof:
(i) there are no outstanding options, warrants, rights, commitments, or agreements of any kind for the issuance or sale of, or
outstanding securities convertible into, any additional shares of capital stock of any class of the Company; (ii) there are no
voting trusts, voting agreements, proxies, or other agreements, instruments, or undertakings with respect to the voting of any
Company securities to which the Company or any of its shareholders is a party; and (iii) there are no restrictions on transfer
of any Company securities except for restrictions imposed by applicable laws or by the express terms of this Agreement. There
are no contracts, commitments, understandings or arrangement by which the Company is bound to issue additional registered capital,
share capital or other securities.

 

 

 

 

    	 	3	 

     

    

 

4.6.      Agreements.
Except for this Agreement and the Escrow Agreement (as hereinafter defined), and except as disclosed in SEC Reports, there are
no agreements, understandings, instruments, contracts or proposed transactions, or judgments, orders, writs or decrees, to which
the Company is a party or by which it is bound. The Company is not a guarantor or indemnitor of any indebtedness of any other
person, party or entity. The Company has not declared or paid any dividends, or authorized or made any distribution upon or with
respect to any class or series of its equity securities.

 

4.7.     Absence of Undisclosed
Liabilities. As of the dates of the Company's financial statements, the Company had no liabilities, either accrued or contingent,
of a nature required to be reflected in the financial statements in accordance with generally accepted accounting principles,
and whether due or to become due, which individually or in the aggregate are reasonably likely to have an adverse effect on the
Company.

 

4.8.        Absence
of All Liabilities.

 

4.8.1.   The Company has no liabilities, either accrued or contingent, whether or not of a nature required to be reflected in the
financial statements in accordance with generally accepted accounting principles, and whether due or to become due. The Company
has fully paid all debtors, vendors and service providers for all obligations that have become due and payable as of the Closing
Date.

 

4.8.2.   There
are no lawsuits, actions or administrative, arbitration or other proceedings or governmental investigations ongoing, pending or
threatened against or relating to the Company, Seller or the Company's properties or business. The Company has not entered into
or been subject to any consent decree, compliance order, or administrative order with respect to any property owned, operated,
leased, or used by the Company. The Company has not received any request for information, notice, demand letter, administrative
inquiry, or formal or informal complaint or claim with respect to any property owned, operated, leased, or used by the Company
or any facilities or operations thereon.

 

4.8.3.   The
Company has filed all tax returns required to have been filed. All such tax returns were correct and complete in all material
respects. All taxes owed by the Company (whether or not shown on any tax return) have been paid. The Company currently is not
the beneficiary of any extension of time within which to file any tax return. To the Company's knowledge, no claim has ever been
made by an authority in a jurisdiction where the Company does not file tax returns that it is or may be subject to taxation by
that jurisdiction. There are no actual, pending or, to the Company's knowledge, threatened liens, encumbrances, or charges against
any of the assets of the Company arising in connection with any failure (or alleged failure) to pay any tax. The Company has withheld
and paid all taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, independent
contractor, creditor, shareholder, or other third party. To the Company's knowledge, there is no dispute or claim concerning any
tax liability of the Company either claimed or raised by any authority in writing. The Company has not waived any statute of limitations
in respect of taxes or agreed to any extension of time with respect to a tax assessment or deficiency.

 

4.9.      Financial
Statements. The Company's financial statements fairly present the financial condition of the Company at the dates of said
statements and the results of its operations for the periods covered thereby and will be prepared in accordance with generally
accepted accounting principles and practices consistently applied and consistent with the books and records of the Company.

 

4.10.    Binding
Effect. This Agreement has been duly executed and delivered by the Seller, and constitutes the legal, valid and binding obligation
of the Seller, enforceable against the Seller in accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement
of creditors' rights generally and by general principles of equity.

 

4.11.    Private
Offering. No registration of the Shares, pursuant to the provisions of the Securities Act of 1933, as amended, or any state
securities or "blue sky" laws, will be required by the sale of the Shares in the manner contemplated in Section 1
herein. Seller agrees that neither he or she, nor anyone acting on his or her behalf, shall offer to sell the Shares or any other
securities of the Company so as to require the registration of the Shares pursuant to the provisions of the Securities Act of
1933, as amended, or any state securities or "blue sky" laws.

 

 

 

 

    	 	4	 

     

    

 

4.12.    Disclosure.
Seller understands and confirms that Purchasers are relying on the representations, warranties and covenants contained in this
Agreement and the disclosures set forth in the reports, forms and other documents filed with the United States Securities Exchange
by the Company (collectively, the “SEC Reports”) in entering into this Agreement. All disclosures contained in the
SEC Reports or otherwise provided to Purchaser regarding the Company, its businesses and the transactions contemplated hereby,
furnished by or on behalf of Seller or the Company are complete, true and correct and do not contain any untrue statement of a
material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances
under which they were made, not misleading.

 

5.        
Representations and Warranties of the Purchaser.

 

The Purchasers represent, warrant, agree and covenant, severally and not
jointly, to the Seller, as follows:

 

5.1      Purchaser
is Not a US Person. Each Purchaser represents and warrants that: (A) such Purchaser is not a US person as defined in Rule
902 of Regulation S under the Securities Act (each, “US person”); (B) all offers to acquire the Shares were made to
the Purchaser while the Purchaser was outside the United States; (C) the Purchaser’s request to acquire the Shares originated
while the Purchaser was outside of the United States, (D) neither the Shares nor any interest therein will be transferred within
the United States, its territories or possessions or to any US person and (E) the Shares have not been acquired for the benefit
of any US person.

 

5.2.      Residency.
Each Purchaser is a resident of the jurisdiction set forth immediately next to such Purchaser’s name on Exhibit A hereto.

 

5.3.      Limits
on Transfer or Re-sale. Each Purchaser acknowledges and agrees that: (i) the sale of the Shares pursuant to this Agreement
has not been and is not being registered under the Securities Act or any applicable state securities laws, and the Company hares
may not be may not be resold, pledged, assigned, hypothecated or otherwise transferred, with or without consideration (“Transfer”)
by any Purchaser unless: (a) the Shares are resold or otherwise Transferred in a subsequent transaction pursuant to an effective
registration statement under the Securities Act, (b) the Purchaser shall have obtained, at its cost, an opinion of counsel that
shall be in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that the Shares
to be resold or Transferred may be resold or Transferred pursuant to an exemption from such registration, (c) the Company hares
are resold or Transferred to an “affiliate” (as defined in Rule 144 promulgated under the Securities Act (or a successor
rule) (“Rule 144”)) of the Purchaser who agrees to sell or otherwise Transfer the Securities only in accordance with
this Section 5.03 who is a non US Person (d) the Shares are resold pursuant to Rule 144, or (e) the Shares are resold pursuant
to Regulation S under the Securities Act (or a successor rule) (“Regulation S”); (ii) any resale or Transfer of such
Shares made in reliance on Rule 144 may be made only in accordance with the terms of said Rule and further, if said Rule is not
applicable, any re-sale or transfer of such Shares under circumstances in which the seller (or the person through whom the sale
is made) may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other
exemption under the Securities Act or the rules and regulations of the SEC thereunder; (iii) neither the Company, nor any Seller,
nor any other person is under any obligation to register such Shares under the Securities Act or any state securities laws or
to comply with the terms and conditions of any exemption thereunder (in each case); and (iv) in the absence of an effective registration
statement under the Securities Act and any applicable state securities laws applicable to the Shares or an exemption from such
registration, the Purchasers may have to hold the Shares indefinitely and may be unable to liquidate them in case of an emergency.

 

5.5.      Reliance
on Exemptions. Each Purchaser understands that the Shares are being offered and sold to it in reliance upon specific exemptions
from the registration requirements of United States federal and state securities laws and that the Company and each Seller is
relying upon the truth and accuracy of, and each Purchaser’s compliance with, the representations, warranties, agreements,
acknowledgments and understandings of such Purchaser set forth herein in order to determine the availability of such exemptions
and the eligibility of the Purchaser to acquire the Shares.

 

 

 

 

    	 	5	 

     

    

 

5.5.      Restrictions on Transferability. Each Purchaser is aware
of the restrictions of transferability of the Shares and further understands the certificates shall bear the following legend(s).

 

(a)       THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER
APPLICABLE FEDERAL AND STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF
COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, WHICH OPINION SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

THE SHARES REPRESENTED BY
THIS CERTIFICATE HAVE BEEN SOLD PURSUANT TO AN EXEMPTION FROM REGISTRATION IN ACCORDANCE WITH REGULATION “S” (17 C.F.R.
230.901 THROUGH 230.905 AND ITS PRELIMINARY NOTES) UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE OFFERED,
SOLD OR TRANSFERRED TO A U.S. PERSON, OR FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON, OR INTO THE UNITED STATES EXCEPT PURSUANT
TO A REGISTRATION STATEMENT, OR A VALID EXEMPTION FROM REGISTRATION BASED ON AN OPINION OF COUNSEL APPROVED BY THE ISSUER. HEDGING
TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED, DIRECTLY OR INDIRECTLY, UNLESS IN COMPLIANCE WITH THE SECURITIES
ACT OF 1933, AS AMENDED. 

 

(b)       Any
legend required to be placed thereon by any appropriate securities commission or commissioner.

 

5.6.      Governmental
Review. Each Purchaser understands that no United States federal or state agency or any other government or governmental agency
has passed upon or made any recommendation or endorsement of the Shares.

 

5.7.      Investment
Intent. Each Purchaser is acquiring the Shares for their own account for investment, and not with a view toward distribution
thereof. Each Purchaser further represents that he/she/it does not presently have any contract, undertaking, agreement or arrangement
with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Shares.
If the Purchaser is an entity, the Purchaser represents that it has not been formed for the specific purpose of acquiring the
Shares. Purchaser acknowledges that an investment in the Securities is a high-risk, speculative investment.

 

5.8.      No
Advertisement. The Purchasers acknowledge that the Company hares have been offered to them in direct communication between
them and Seller, and not through any advertisement or general solicitation of any kind.

 

5.9.      Knowledge
and Experience. The Purchasers acknowledge that they have been encouraged to seek their own legal and financial counsel to
assist them in evaluating this purchase. The Purchasers acknowledge that the Company has given them and Purchasers’ Counsel
access to all information relating to the Company’s business that they or any one of them have requested. The Purchasers
acknowledge that they have sufficient business and financial experience, and Knowledge concerning the affairs and conditions of
the Company so that they can make a reasoned decision as to this purchase of the Shares and are capable of evaluating the merits
and risks of this purchase.

 

5.10.    Authorization;
Enforcement. This Agreement has been duly executed and delivered on behalf of each Purchaser, and this Agreement constitutes
the valid and binding agreement of each Purchaser and is enforceable against each Purchaser in accordance with its terms, except
as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally and except as may be limited by the exercise of judicial discretion in applying principles of equity.

 

5.11.   
Non-Contravention. Neither the execution, delivery or performance of this Agreement by any Purchaser, nor the consummation
by any Purchaser of the transactions contemplated hereby, nor compliance by any Purchaser with any of the provisions of this Agreement
shall (a) if such Purchaser is an entity, violate any provision of its governing documents, (b) conflict with, result in a breach
of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify,
or cancel, or require any notice or consent or approval under, any note, bond, mortgage, indenture, deed of trust or other agreement,
contract or instrument to which Purchaser is bound or by which Purchaser or any of its properties or assets may be bound or affected,
or (c) result in the imposition of any Lien upon any of the properties or assets of Purchaser, except in the case of clause (b)
and (c), as would not have a material adverse effect on Purchaser.

 

 

 

 

    	 	6	 

     

    

 

5.12.    Litigation.
There are no court, administrative, arbitration, mediation or other proceedings (including disciplinary proceedings), claims,
lawsuits, reviews, formal or informal complaints or investigations, actions, or inquiries of any nature by any governmental authority
or any other Person (collectively, “Proceedings”) pending or, to the actual Knowledge of any Purchaser, threatened
against Purchaser which seek to restrain or enjoin the consummation of the transactions contemplated by this Agreement.

 

5.13.   Ability
to Carry Out Obligations. Each Purchaser, as to itself, has the power, and authority to enter into, and perform its obligations
under this Agreement. The execution and delivery of this Agreement by such Purchaser and the performance by such Purchaser of
its obligations hereunder will not cause, constitute, or conflict with or result in any breach or violation of any of the provisions
of or constitute a default under any agreement to which such Purchaser is a party, or by which such Purchaser is bound.

 

6.    
   Acknowledgement of Escrow Agent as Purchaser Counsel. The Seller and Purchasers hereby acknowledge that
they are parties to that certain Escrow Agreement of even date hereof, by and among Chen-Drake Law Group (“Escrow Agent”),
the Purchasers and the Seller (the “Escrow Agreement”), pursuant to which the Seller and Purchasers established an
escrow account and appointed Escrow Agent to serve as the escrow agent thereto in accordance with the terms and conditions of
the Escrow Agreement. The Seller and Purchasers hereby acknowledge that Escrow Agent: (i) is legal counsel to the Purchasers;
(ii) has explained to each of it the potential conflicts arising from having legal counsel to the Purchasers serve as the Escrow
Agent; and (iii) has advised each of them to seek independent counsel to review the terms of this Agreement and the Escrow Agreement.
Each of the Seller and Purchasers hereby acknowledges that it, he or she has had the opportunity to seek such independent counsel
and agrees to waive all potential and actual conflicts arising from having Escrow Agent serve as Escrow Agent. The parties further
acknowledge that the duties, responsibilities and obligations of Escrow Agent shall be limited to those expressly set forth in
the Escrow Agreement and no duties, responsibilities or obligations shall be inferred or implied. Escrow Agent shall not be subject
to, nor required to comply with, any other agreement between or among any or all of the Purchasers and the Seller or to which
any of the Purchasers or the Seller are a party, even though reference thereto may be made herein, or to comply with any direction
or instruction from any of the Purchasers or the Seller or any entity acting on its behalf. The Purchasers and the Seller hereby
expressly acknowledge their appointment of Escrow Agent to serve as the escrow agent in accordance with the terms and conditions
of the Escrow Agreement.

 

7. Miscellaneous. This Agreement
constitutes the entire agreement between the parties hereto and supersedes all prior agreements and discussions between Purchasers
and Seller. No waiver of any of the provisions of this Agreement will be deemed to constitute a waiver of any other provisions
hereof. This Agreement may be executed by the parties hereto in separate counterparts, each of which will be deemed to be one
and the same instrument. All claims, disputes and other matters in question between the parties to this Agreement, arising out
of or relating to this Agreement or breach thereof, shall be filed and heard only in the state courts of New York. The Agreement
will be government by and construed and enforced in accordance with the internal laws of the State of New York, without regard
to the principles of conflicts of law thereof.

 

 

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    	 	7	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement as of the date set forth in the first paragraph.\

 

	SELLER:	 	PURCHASER:
	 	 	 
	 	 	 
	ShiFang Wan	 	Chuah Su Chen
	Address:	 	Address: No. 45-2, Jalan USJ 21/10
	Unit 16B, Xusheng Building,	 	                  Subang Jaya 47640
	Yintian Road, Bao’an District, Shenzhen,	 	                   Selangor
    Darul Ehsan, Malaysia
	Guangdong Province, China	 	 
	Fax: _________________________	 	 
	Email: cccr1234@outlook.com	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	COMPANY:	 	PURCHASER:
	TIANCI INTERNATIONAL, INC.	 	 
	A Nevada corporation	 	 
	 	 	 
	By: /s/ Cuilian Cai, CEO and CFO	 	By: /s/ Chuah Su Mei
	 	 	 
	Address: _____________________________	 	Address: No. 45-2, Jalan USJ 21/10
	_____________________________	 	                  Subang Jaya 47640
	_____________________________	 	                  Selangor
    Darul Ehsan, Malaysia
	 	 	 

 

 

 

 

 

 

 

 

    	 	8	 

     

    

 

EXHIBIT A

 

PURCHASERS

 

 

	 	Amount of Shares
	
        Chuah Su Mei
	2,397,847
	
        Chuah Su Chen
	2,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	9	 

     

    

 

EXHIBIT B

 

SHAREHOLDERS LIST

 

 

 

 

 

 

[See Attachment]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10	 

     

    

 

EXHIBIT C

 

Company Books and Records

 

 1. Good standing certificate from Nevada

 

2. Company Edgar Codes

 

Executed Board
consent appointing Purchaser’s designees to Board and Executive Officers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

Exhibit D

Schedule of Closing Payments

 

	CLOSING PAYMENTS*
	Gross Purchase Price	$	 350,000
	 	 
	PART A.  EXPENSES PAYMENTS	 
	Payments in items 1 below to be made by Purchasers on behalf of Company	 
	1.       Payment to OTC Markets for Annual Fee 	$	10,000
	2.       Payment to Hunter Taubman Fischer & Li, LLC	$	 7,000
	3.       Payment to Prospect Capital Ventures	$	30,000
	4.       Payment to brokers	$	50,000
	 	 
	 	 
	Total Company Liability Payments	$	 97,000 
	 	 
	PART B.  NET PURCHASE PRICE PAYMENT	 
	5.       Payment
    to Seller	$	 253,000
	Total Payment of Net Purchase Price to Sellers	$	   253,000
	 	 
	Total Gross Purchase Price Payments	$	350,000

 

	* A Wiring fee of $30 shall be deducted from each recipient’s amount.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	12	 

     

    

 

EXHIBIT E

Wire Transfer Instructions for all Expenses
Payees and Seller

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	13

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