Document:

Exhibit 10.15

 

 

APTUS Holdings Limited

Unit B, 17/F Guangdong Investment Tower,
148 Connaught Road Central, Hong Kong

Tel: (852) 2117 6611 ● Fax: (852) 2850 7286

 

18th
August 2017

 

GloboAsia
LLC

11427
Potomac Oaks Drive

Rockville,
MD 20850, USA

 

Attn:
Dr. Keith Chan, Ph.D.

  

Consultancy
Agreement

  

We
are pleased and welcome the acceptance of GloboAsia LLC (“GloboAsia”), with its business address at 11427 Potomac
Oaks Drive, Rockville, MD 20850, USA, to enter into this Consultancy Agreement (the “Agreement”) with APTUS
Holdings Limited (the “Company”), a company incorporated with limited liabilities under the laws of Cayman
Islands, with its business address at Unit B, 17/F Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong. The Company
has wholly owned subsidiaries in the Cayman Islands, Hong Kong, and Macau, whereby collectively, shall be depicted as “APTUS”
or the “Group”.

 

The
following seeks to illustrate the context of the Agreement and the services to be rendered by GloboAsia for the Company, and the
terms and conditions as set out herewith.

  

		1.	The
                                         Company and the Group

 

APTUS
and its affiliates focus on the licensing of, and acquisition of early stage preclinical assets with the intention to engage in
drug research, development, and commercialization purposes. Assets are acquired via open and public platforms such as the technology
transfer offices of accredited universities and academic institutions. In addition, the Group seeks to be a facilitator across
the financing spectrum for biotech companies, entrepreneurs, and commercializing agents, to bolster innovations adding value to
health care needs in the market place; and to assist in furthering the research capabilities of institutions the Group works with.

  

		2.	Scope
                                         of Services

 

		(a)	GloboAsia
                                         agrees to enter into this Agreement to provide certain consultancy, advisory, and management
                                         services to APTUS through correspondence and man-hours as represented by Dr. Keith
                                         Chan (“Dr. Chan”).

 

		(b)	Dr.
                                         Chan is to be enlisted and act as a Chief Scientific Officer of the Company, or
                                         otherwise agreed from time to time (the “Appointment”).

 

		(c)	He
                                         shall advise where necessary, the Executive Board of Directors of the Company and its
                                         affiliates.

 

		(d)	As
                                         a Chief Scientific Officer of the Company Dr. Chan’s role involves managing the
                                         regulatory aspects of APTUS' clinical programs including, but not limited to, the liaison
                                         with regulatory authorities such as the U.S. Food & Drug Administration (FDA) or
                                         the China Food & Drug Administration (cFDA).

   

     

     

    

 

 

APTUS Holdings Limited

Unit B, 17/F Guangdong Investment Tower,
148 Connaught Road Central, Hong Kong

Tel: (852) 2117 6611 ● Fax: (852) 2850 7286

 

		(e)	As
                                         he is not an Executive Director on the Board of Directors for the Company, he ultimately
                                         does not have legal nor professional authority to dictate the commercial decisions of
                                         the Executive Board.

 

		(f)	He
                                         shall:

 

		(i)	Provide
                                         services on behalf of GloboAsia in all aspects for the Group where reasonably sought
                                         at least for one working day per week;

 

		(ii)	Be
                                         responsive to the Group’s needs and interests, whereby deliverables to APTUS should
                                         be provided in good faith so that effort and quality is commensurable to fees provided
                                         to GloboAsia, with details described more fully below;

 

		(iii)	Observe
                                         and comply with all statutory rules, and regulations where applicable as governed by
                                         the laws of his residence and that of GloboAsia’s incorporation;

 

		(iv)	Provide
                                         traceable contact during and after office hours, on weekdays and weekends, or during
                                         public holidays, whereby your availability may occasionally and reasonably be sought.

  

		3.	Date
                                         of Commencement

 

GloboAsia
shall officially commence its services to the Company beginning on 18th August 2017, or as mutually agreed upon
between Dr. Chan and the Executive Board of Directors of the Company.

  

		4.	Service
                                         Fees

 

		(a)	Service
                                         Fees shall be provided to GloboAsia with the expectation that its representative(s) devotes
                                         at least one working date per week in providing services to the Company and its affiliates,
                                         or a suitable amount of time to adequately fulfill duties outlined in the Scope of Services
                                         for the Company; Such duties may include, but not limited to, the overall steering in
                                         regulatory matters, the attendance of meetings, reviewing documentation associated to
                                         the Group’s licensing, research & development, and other operational activities
                                         where necessary.

 

		(b)	Such
                                         Service Fees shall equate to a monthly rate of US$10,000 (USD Ten Thousand) and
                                         shall be duly paid to GloboAsia in full on the last business day of each calendar month
                                         subsequent to aforementioned commencement date, and subject to the ongoing effect of
                                         the Appointment as pursuant to Section 8. Term and Termination.

   

    	 	2	 

     

    

 

 

APTUS Holdings Limited

Unit B, 17/F Guangdong Investment Tower,
148 Connaught Road Central, Hong Kong

Tel: (852) 2117 6611 ● Fax: (852) 2850 7286

 

		5.	Stock
                                         Bonus:

 

GloboAsia
may be entitled to receive stock bonuses with the amount, cap, timing of payouts, vesting rate and
schedule, subject to the full discretion of the Company. All terms and conditions of stock bonuses shall be assessed based on
the overall financial position and performance of the Group, as well as your contribution and performance upon rendering services
by your representative(s) during the appointment under this Agreement. Any particulars associated to your eligibility to stock
bonuses shall be definitively defined in a subsequent “Stock Option and Stock Bonus Addendum” at a future date as
mutually agreed upon between GloboAsia and the Executive Board of Directors the Company.

  

		6.	Expense
                                         Reimbursements

 

GloboAsia
is entitled to apply for reimbursement to expense outlays from time to time, deriving from expenses such as traveling and transportation
costs, accommodation cost, and other expenses where reasonably incurred in relation to your representative(s) rendering said services
for the Company and its affiliates in accordance to duties and tasks described in Section 2. Scope of Services.

  

		7.	Privacy
                                         of Information

 

		(a)	GloboAsia
                                         and its representative(s) shall not except as authorized by the Company or its affiliates,
                                         or required by your responsibilities reveal to any person or company any of the trade
                                         secrets or any information concerning the organization, business, finances, transactions
                                         or affairs of the Group which may come to your knowledge during your contract with the
                                         Group and shall keep with complete secrecy confidential information entrusted to you
                                         or your representative(s) and shall not use or attempt to use any such information in
                                         any manner which may injure or cause loss either directly or indirectly to the Group
                                         or may be likely to do so. This restriction shall continue to apply if and when after
                                         the termination of this appointment without limit in time.

 

		(b)	GloboAsia
                                         and its representative(s) shall not either during the period of this appointment or afterwards
                                         use or permit to be used any books, documents, moneys, assets, records or other property
                                         belonging to or relating to any dealings, affair or business of the Group other than
                                         for the benefit of the Group. You shall immediately deliver and return to the Group all
                                         such books, documents, monies, securities, records or other property which you then have
                                         or should have in your possession upon termination of this appointment hereunder.

 

		(c)	The
                                         Company however, agrees to provide you in good faith with any information concerning
                                         areas of interest and relevance of the Group as required by you in order for you to fulfill
                                         the Scope of your Services for the Group.

   

    	 	3	 

     

    

 

 

APTUS Holdings Limited

Unit B, 17/F Guangdong Investment Tower,
148 Connaught Road Central, Hong Kong

Tel: (852) 2117 6611 ● Fax: (852) 2850 7286

 

		8.	Term
                                         and Termination

 

This
appointment of GloboAsia by the Company shall persist for a period of 2 years from the Date of Commencement (the “Term”)
as defined within this Appointment Letter. The terms and conditions of this Appointment Letter shall remain in effect until expiration
of the Term, unless it is terminated prior to expiration subsequent to the following circumstances:

 

		(a)	By
                                         GloboAsia after giving the Company not less than two (2) months’ notice in writing;

 

		(b)	By
                                         the Company after giving GloboAsia two (2) months’ notice in writing; or

 

		(c)	By
                                         the Company without notice or compensation in the event of any dishonesty, fraud, gross
                                         negligence, willful default or refusal to carry out any lawful order or instructions,
                                         or the repeated breach of any rules or regulations of the Company, or those as governed
                                         by the laws of your residency or incorporation by GloboAsia or its representative(s).

 

Renewal
of this appointment shall be negotiated three months prior to the expiration of the Term, and subject to the mutual agreement
between the Company and GloboAsia as defined in writing.

 

Please
signify your acceptance of the above terms and conditions by signing and returning to us the enclosed duplicate copy of this Agreement.

  

Yours
faithfully, 

  

	For and on behalf of	 	Agreed on behalf of 
	APTUS HOLDINGS LIMITED	 	GLOBOASIA LLC
	 	 	 
	 	 	 
	Name: HUEN Chung Yuen Ian	 	Name: Dr. Keith CHAN, Ph.D.
	Position: Director & CEO	 	Position: 
	 	 	 
	 	 	 
	Date	 	Date

 

 

4Exhibit 10.16

 

 

 

 

 

 

 

 

STRIKER
CAPITAL MANAGEMENT LIMITED

 

 

 

and

 

 

 

STRIKER
ASIA OPPORTUNITIES FUND CORPORATION

 

 

 

MANAGEMENT
AGREEMENT

 

 

 

 

 

[   
] October, 2010

 

 

 

 

 

 

 

 

 

     

     

    

 

TABLE
OF CONTENTS

 

	PART 1. INVESTMENT MANAGEMENT SERVICES	1
	1.1	Investment
    Programme	1
	1.2	Authority
    of the Investment Manager	2
	1.3	Delegation	3
	1.4	Custody	3
	1.5	Investments
    for the Accounts of Others	4
	1.6	Establishment
    of subsidiaries	4
	PART 2. ADMINISTRATIVE SERVICES	5
	PART 3. PLACEMENT AND ADVISORY SERVICES	5
	3.1	Provision
    of Placement Duties and Advisory Services	5
	3.2	Placement
    of Participating Shares	6
	3.3	Authorized
    Dealers	6
	3.4	Offering
    Materials	6
	3.5	Certain
    Legal Restrictions	7
	PART 4. COMPENSATION	8
	4.1	Management
    Fee	8
	4.2	Performance
    Fee	8
	4.3	Initial
    Charge	10
	PART 5. GENERAL PROVISIONS	10
	5.1	Expenses	10
	5.2	Soft
    Commissions	11
	5.3	Rebates	11
	5.4	Scope
    of Liabilities	11
	5.5
	Indemnification	12
	5.6	Independent
    Contractor	13
	5.7	Information
    Concerning Activities	13
	5.8	Term,
    Termination and Renewal	13
	5.9	Modification,
    Waiver	14
	5.10	Binding
    Effect; Assignment	14
	5.11
	Governing
    Law	14
	5.12	Counterparts	14
	5.13	Entire
    Agreement	14

 

     

     

    

 

MANAGEMENT
AGREEMENT

 

STRIKER
ASIA OPPORTUNITIES FUND CORPORATION

 

AGREEMENT
(the “Agreement”) dated as of                           by and between Striker Capital Management Limited, a limited liability company organized
under the laws of Hong Kong whose registered office is at 17th Floor, Guangdong Investment Tower, 148 Connaught Road Central,
Hong Kong (the “Investment Manager”) and Striker Asia Opportunities Fund Corporation, a limited liability company organized
under the laws of the Cayman Islands whose registered office is at 4th Floor, Scotia Centre, P.O. Box 268, Grand Cayman KY1-1104,
Cayman Islands (the “Company”).

 

WHEREAS,
the Company has been formed as an open-ended investment company, the objective of which is to achieve capital appreciation in
accordance with the investment objectives and programme as more fully described in the Private Placing Memorandum of the Company
dated [date] (the “Private Placing Memorandum”), the receipt of which by the Investment Manager is hereby acknowledged;
WHEREAS, the Company desires to avail itself of the experience, advice and assistance of the Investment Manager with respect to
the investment of its assets and the performance of investment management, placement and other services on behalf of the Company;
and

 

NOW,
THEREFORE, in consideration of the mutual premises and covenants contained herein, the parties hereby agree to the following terms
and conditions. Terms not otherwise defined herein shall be used herein as defined in the Articles of Association of the Company
(the “Articles”) (and words and expressions contained in this Agreement but not contained in the Articles shall bear
the same meaning as in the Private Placing Memorandum) PROVIDED THAT any alteration or amendment of the Articles or the Private
Placing Memorandum shall not be effective for the purposes of this Agreement unless the party hereto affected (to the extent that
its rights or duties hereunder are affected by such alteration or amendment) shall, by endorsement hereon or otherwise, have consented
thereto.

 

PART
1. INVESTMENT MANAGEMENT SERVICES

 

		1.1	Investment
                                         Programme

 

In
accordance with the investment objectives, policies, guidelines and restrictions which are set forth in the Private Placing Memorandum
or which are otherwise communicated to the Investment Manager in writing, and under the ultimate supervision of the Board of directors
of the Company, the Investment Manager shall develop, update and effect an overall investment strategy for the investment of the
assets of the Company.

 

    1

     

    

 

		1.2	Authority
                                         of the Investment Manager

 

The
Investment Manager shall have full discretion and authority, without obtaining the Company’s prior approval, but subject as aforesaid,
to invest the assets of the Company in such manner as the Investment Manager considers appropriate, subject to the investment
objectives, policies, guidelines and restrictions as set forth in the Private Placing Memorandum (which may be amended from time
to time). In furtherance of, and subject to the foregoing, the Company hereby designates and appoints the Investment Manager as
its agent and attorney-in-fact, with full power and authority and without the need for further approval of the Company (except
as may be required by law), to carry out the following with respect to the assets of the Company:

 

		a)	to
                                         effect purchases and sales (including short sales) of (i) equity or debt securities,
                                         as well as warrants, convertible securities or other securities which combine features
                                         of equity and debt securities, denominated in any currency, of publicly-listed or privately
                                         owned companies anywhere in the world, (ii) any put or call options thereon (including
                                         the writing of options), or (iii) any futures contracts or contracts to borrow such securities;

 

		b)	to
                                         engage in foreign currency transactions in the spot, forward and outright markets;

 

		c)	to
                                         make all decisions relating to the manner, method and timing of investment transactions,
                                         and the selection of brokers and dealers for the execution, clearance and settlement
                                         of any transactions;

 

		d)	to
                                         borrow from banks, brokers or other financial institutions and pledge assets of the Company
                                         in connection therewith;

 

		e)	to
                                         direct custodians to deliver funds or securities for the purpose of effecting transactions,
                                         and to instruct custodians to exercise or abstain from exercising any privilege or right
                                         attaching to such assets;

 

		f)	to
                                         appoint Mr. Chung Yuen Ian HUEN and Mr. Don K. W. SO (collectively, the “Key Investment
                                         Personnel”) as the investment personnel responsible for making investment decisions
                                         in respect of the assets of the Company;

 

    2

     

    

 

		g)	to
                                         promptly notify the Company if any of the Key Investment Personnel will be unable to
                                         continue to involve in making investment decisions in respect of the assets of the Company
                                         as a result of any of the following reasons:

 

		1.	the
                                         resignation of such person ; or

 

		2.	such
                                         person becoming of unsound mind or a patient for any purpose relating to mental health
                                         and the directors of the Investment Manager resolve that his office be vacated; or

 

		3.	the
                                         death of such person.

 

		h)	unless
                                         otherwise instructed by the Company, to make and execute, in the name and on behalf of
                                         the Company, all such documents and take all other such actions which the Investment
                                         Manager considers necessary or advisable to carry out its duties hereunder. For the avoidance
                                         of doubt, the Investment Manager shall not, without the approval of the Company, enter
                                         into a side letter arrangements with the shareholders of the Company.

 

		1.3	Delegation

 

		a)	In
                                         connection with the provision of the services set forth in Sections 1.1 and 1.2 hereof,
                                         the Investment Manager shall have full authority and discretion to delegate its responsibilities
                                         and obligations to third parties. The performance of the responsibilities and obligations
                                         by such third parties shall be subject to the oversight and supervision of the Investment
                                         Manager. Except to the extent caused directly by the Investment Manager’s negligence,
                                         fraud or willful default, the Investment Manager shall not be liable for the acts and
                                         omissions of such third parties.

 

		b)	The
                                         Investment Manager shall be entitled to obtain investment and other advice from such
                                         source or sources and on such terms as it thinks fit (including, without prejudice to
                                         the generality of the foregoing, full power to appoint one or more investment advisers,
                                         approved by the Company, to advise as to the investment and re-investment of the Investments).

 

		1.4	Custody

 

Portfolio
securities and other financial assets of the Company shall be maintained at all times in the custody of the Administrator or in
the custody of one or more banks, trust companies, brokerage firms or other financial institutions as shall have been selected
for that purpose by the Company.

 

    3

     

    

 

		1.5	Investments
                                         for the Accounts of Others

 

		a)	The
                                         services of the Investment Manager to the Company under this Agreement are not to be
                                         deemed exclusive. It is understood that the Investment Manager and its affiliates may
                                         effect investment transactions for their own account and for the accounts of other customers,
                                         and the Company further understands and agrees that nothing herein shall restrict the
                                         ability of the Investment Manager and its affiliates to engage in any such transactions
                                         notwithstanding the fact that the Company may have or may take a position of any kind;
                                         provided, however, that neither the Investment Manager nor any of its affiliates shall,
                                         without the consent of the Company, cause the Company to purchase any asset from or sell
                                         any asset to the Investment Manager or any of its affiliates or any other person or entity
                                         for which the Investment Manager or its affiliates is acting, unless such transaction
                                         involves the purchase or sale of a security listed on a recognized securities exchange
                                         and such transaction is effected at current market prices.

 

		b)	The
                                         Investment Manager hereby agrees to act on a fair and equitable basis in allocating suitable
                                         investment and trading opportunities among the account of the Company and any other accounts
                                         managed by the Investment Manager. In furtherance of the foregoing, the Investment Manager
                                         will consider participation by the Company in all appropriate opportunities within the
                                         purpose and scope of the Company’s objectives, which are under consideration for the
                                         accounts of other clients of the Investment Manager. When the Investment Manager determines
                                         that it would be appropriate for the Company and any such other accounts to participate
                                         in an investment opportunity, the Investment Manager will seek to execute orders on a
                                         basis consistent with the principles of fairness and equity.

 

		1.6	Establishment
                                         of subsidiaries

 

The
Investment Manager may, if in its discretion it determines that it is in the best interest of the Company to do so, establish
one or more sub-accounts or arrange for the establishment of or acquisition of one or more business entities, which will be wholly-owned
by the Company and whose assets will be managed by the Investment Manager, through which the Company may invest its assets in
any jurisdiction.

 

    4

     

    

 

PART
2. ADMINISTRATIVE SERVICES

 

2.1
The Investment Manager shall be responsible for assisting the Company in selecting the appropriate entities to perform all
necessary custodian and registrar services and certain administrative services for the Company.

 

2.2
The Investment Manager shall take reasonable measures to (i) monitor the performance by the Administrator of their duties
with respect to the Company, (ii) coordinate such performance with the performance of the services contemplated hereunder,
and (iii) assist the Company in procuring the future performance of administrative services whenever necessary.

 

2.3
The Investment Manager shall hold and store certain information for the Company, reconcile financial statements of the
Company with the Administrator and with brokers, and send acceptances of trades placed where applicable. Upon the reasonable
request of the Company, it shall perform other administrative services appropriate in connection with the operations of the
Company.

 

PART
3. PLACEMENT AND ADVISORY SERVICES

 

		3.1	Provision
                                         of Placement Duties and Advisory Services

 

In
accordance with provisions of the Articles, and under the ultimate supervision of the Board of directors of the Company from time
to time as provided therein, the Investment Manager shall be responsible for performing (or procuring the performance of), and
is hereby authorized and empowered to perform (or procure the performance of), all duties and functions necessary or appropriate
in connection with the placement of the Participating Shares and advising the Company on general matters affecting its structure
and operations, including from time to time advising the Board of directors of the Company concerning:

 

		a)	the
                                         suitability of the Company’s structure and operating procedures in light of the expectations
                                         of prospective investors;

 

		b)	steps
                                         which may be taken to enhance the marketability of the Participating Shares and to improve
                                         investor relations;

 

		c)	general
                                         economic and financial developments in international securities and capital markets affecting
                                         the Company’s investment programme.

 

    5

     

    

 

		3.2	Placement
                                         of Participating Shares

 

The
Investment Manager shall act as the exclusive placing agent for the Company’s Participating Shares in accordance with all relevant
and applicable law. The Investment Manager shall use its best efforts to procure applications for the purchase of Participating
Shares by eligible investors, either directly or through securities dealers and other financial institutions selected by the Investment
Manager pursuant to Section 3.3 hereof (“authorized dealers”). The Participating Shares shall be offered at the subscription
price and on the terms and conditions set forth herein and in the Private Placing Memorandum. All applicants shall be subject
to acceptance by the Company (it being understood that the Company shall have the right to reject applications or to receive or
accept on behalf of the Company any funds or other property tendered as payment for Participating Shares).

 

		3.3	Authorized
                                         Dealers

 

		a)	The
                                         Investment Manager may appoint securities dealers and other financial institutions as
                                         authorized dealers to solicit applications to purchase the Participating Shares, one
                                         or more of whom may be affiliates of the Investment Manager. The Investment Manager shall
                                         use reasonable efforts to ensure that any such authorized dealer shall conduct solicitation
                                         activities in accordance with all of the conditions, restrictions and limitations applicable
                                         to the Investment Manager’s direct placement activities as set forth in this Agreement
                                         or in the Private Placing Memorandum.

 

		b)	The
                                         Investment Manager shall pay commissions, if any, to any such authorized dealers solely
                                         out of the proceeds received by the Investment Manager as either Management Fees, the
                                         Performance Fees and/or the Initial Charge (as described in Section 4 hereof).

 

		c)	The
                                         Investment Manager shall promptly furnish to the Company a copy of any written agreement
                                         (and a written summary of any oral agreement) with any authorized dealer relating to
                                         the solicitation of applications for the Participating Shares.

 

		3.4	Offering
                                         Materials

 

		a)	The
                                         Investment Manager shall deliver, or arrange for the delivery by any authorized dealer
                                         selected by the Investment Manager, to each person to whom the Participating Shares are
                                         offered a copy of the Company’s most recently published Private Placing Memorandum which
                                         the Company shall have provided to the Investment Manager.

 

		b)	If
                                         any form of offering materials (including any form of advertisement or other solicitation
                                         materials calculated to result in an expression of interest in subscribing for the Participating
                                         Shares) concerning the Company or the Participating Shares other than the Private Placing
                                         Memorandum is required or permitted to be given to any prospective investor under the
                                         laws of any jurisdiction in which the Participating Shares are offered by or through
                                         the Investment Manager, the Investment Manager agrees that any such document (i) shall
                                         not contain any information concerning the Company or the Participating Shares which
                                         is inconsistent with the Private Placing Memorandum, and (ii) shall comply in all respects
                                         with the laws of the jurisdiction in which it is furnished. The Investment Manager shall
                                         not (and shall not permit any authorized dealer appointed by the Investment Manager to)
                                         publish or furnish any such offering literature which contains any reference to the Company
                                         without the prior approval of the Company.

 

    6

     

    

 

		c)	The
                                         Investment Manager acknowledges and agrees that no person is authorized to make any representations,
                                         whether written or oral, concerning the Company and the Participating Shares which are
                                         inconsistent with the Private Placing Memorandum and that all offers of the Participating
                                         Shares shall be made in conformity with the terms and conditions set forth therein.

 

		3.5	Certain
                                         Legal Restrictions

 

		a)	None
                                         of the Participating Shares shall be offered by the Investment Manager or any authorized
                                         dealer to any person who is not reasonably believed by the Investment Manager or the
                                         authorized dealer to be an eligible investor as set forth in the Private Placing Memorandum.
                                         Furthermore, none of the Participating Shares shall be offered or sold to any person
                                         to whom it would be illegal to offer of sell the Participating Shares.

 

		b)	The
                                         Participating Shares and the Company have not been and will not be registered or qualified
                                         for offer and sale under the applicable laws of any jurisdiction governing the offer
                                         or sale of investment company shares or other securities. Neither the Investment Manager
                                         nor any authorized dealer shall (i) solicit any applications or otherwise extend any
                                         offers for the purchase of the Participating Shares, or (ii) deliver (or have in their
                                         possession for the purpose of delivery) the Private Placing Memorandum or any other offering
                                         literature relating to the Company or the Participating Shares, to any person in any
                                         jurisdiction in which such solicitation or delivery would be unlawful. The Investment
                                         Manager represents to the Company that it has informed itself as to the applicable legal
                                         restrictions governing the offer and sale of the Participating Shares under the laws
                                         of any jurisdiction in which it intends to place share applications and that based on
                                         the methods of placement contemplated by the Investment Manager, the sale of the Participating
                                         Shares by the Company to any person in any such jurisdiction will not be in violation
                                         of any applicable laws by reason of the activities of the Investment Manager. The Investment
                                         Manager undertakes to comply with the foregoing representations in connection with its
                                         placement activities (including the appointment of any authorized dealers) during the
                                         term of this Agreement.

 

    7

     

    

 

PART
4. COMPENSATION

 

For
its services hereunder, the Investment Manager shall be entitled to receive from the Company:

 

		4.1	Management
                                         Fee

 

The
Investment Manager will receive a basic management fee (the “Management Fee”) equal to 1.5 per cent. per annum of the
Net Asset Value (before deduction of any accrued Management Fee and Performance Fee (as defined below)) accrued and calculated
on the basis of the Net Asset Value of the Company as at each Valuation Point and payable monthly in arrears. If the Investment
Management Agreement is terminated as of a date other than the last day of a month, the Management Fee will be prorated through
the termination date. A pro rata fee will also be charged to reflect subscriptions as of any date other than the beginning of
a month. Such monthly Management Fee shall be payable generally in arrears on the first Business Day of each calendar month.

 

		4.2	Performance
                                         Fee

 

		a)	The
                                         Investment Manager will also receive a Performance Fee (the “Performance Fee”)
                                         from the Company calculated on a Share-by-Share basis so that each Participating Share
                                         is charged a Performance Fee which equates as nearly as reasonably practicable with that
                                         Participating Share’s performance. The Performance Fee for each Performance Period
                                         (as defined in the Private Placing Memorandum) in respect of each Participating Share
                                         will be equal to 20% of the appreciation in the Net Asset Value per Participating Share
                                         (before deduction of any accrued performance fee) during the Performance Period above
                                         the High Water Mark of that Participating Share. The High Water Mark is the greater of:

 

		(i)	the
                                         Net Asset Value per Participating Share of the relevant class at the time of issue of
                                         that Participating Share; and

 

		(ii)	the
                                         highest Net Asset Value per Participating Share of the relevant class (after deduction
                                         of any accrued Performance Fee) in respect of which a Performance Fee (other than a Performance
                                         Fee Redemption (as defined below)) have been paid at the end of any previous Performance
                                         Period (if any) during which such Participating Share was in issue.

 

    8

     

    

 

The
Performance Fee in respect of each Performance Period will be calculated by reference to the Net Asset Value before deduction
for any accrued Performance Fee.

 

The
Performance Fee is normally payable in arrears within 20 Business Days of the end of each Performance Period. However, in the
case of Participating Shares redeemed part way through a Performance Period, the Performance Fee accrued in respect of those Participating
Shares is payable within 20 Business Days after the date of redemption.

 

If
an investor subscribes for Participating Shares at a time when the NAV per Participating Share is other than the Peak Net Asset
Value per Participating Share, certain adjustments as described in the Private Placing Memorandum (the Peak Net Asset Value being
defined therein) will be made to reduce inequities that could otherwise result to the subscriber or to the Investment Manager.

 

The
Investment Manager may reallocate all or part of such fees to third parties assisting in the placement of Participating Shares.

 

The
Investment Manager has no obligation to restore to the Company any Performance Fee previously accrued in one financial year, notwithstanding
a loss in a subsequent financial year.

 

		b)	In
                                         the event that this Agreement is terminated part way through a Performance Period, the
                                         Company shall pay, in respect of all Participating Shares, the Performance Fee accrued
                                         as at the last Valuation Point before such termination (subject to any adjustments as
                                         set out in the Private Placing Memorandum).

 

		c)	The
                                         Company acknowledges that the Performance Fee may create an incentive for the Investment
                                         Manager to make investments that may involve more risk than would be the case in the
                                         absence of a fee based on the performance of the Company. In addition, the Performance
                                         Fee shall be based on unrealized as well as realized, appreciation and depreciation of
                                         the investments of the Company.

 

		d)	The
                                         Performance Fee shall be computed in a manner consistent with the Articles and the Private
                                         Placing Memorandum.

 

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		4.3	Initial
                                         Charge

 

The
Investment Manager will also be entitled to receive an initial charge (the “Initial Charge”) of up to 3 per cent.
of the subscription proceeds for the issue of the relevant Participating Shares.

 

PART
5. GENERAL PROVISIONS

 

		5.1	Expenses

 

		a)	Except
                                         as otherwise provided below, the Investment Manager shall bear all of its own costs and
                                         expenses incurred in the performance of its services provided pursuant to this Agreement,
                                         including those attributable to such officer personnel, office space, office equipment
                                         and office services as may be required by the Investment Manager.
	 	 	 

		b)	Except
                                         as set forth above, the Company shall bear the following costs and expenses:

 

		●	the
                                         preliminary expenses of the Company (including fees in connection with the incorporation
                                         of the Company in the Cayman Islands), the costs incurred in connection with the preparation
                                         and execution of the material contracts referred to below under paragraph 1 of the section
                                         headed “General Information” in the Private Placing Memorandum and other initial
                                         documents, and all initial legal and printing costs;
	 	 	 

		●	the
                                         charges and expenses of legal advisers and auditors;
	 	 	 

		●	brokers’
                                         commissions (if any), borrowing charges on securities sold short and any issue or transfer
                                         taxes or stamp duties chargeable in connection with any securities transactions;
	 	 	 

		●	all
                                         taxes and corporate fees payable to governments or agencies;
	 	 	 

		●	the
                                         fees of the Directors (which are not expected to exceed US$25,000 per Director per annum)
                                         and the reasonable travel and per diem expenses of the Directors;
	 	 	 

		●	interest
                                         on borrowings, including borrowings from the Prime Brokers/Custodian;
	 	 	 

		●	communication
                                         expenses with respect to investor services including periodic investor meetings and all
                                         expenses of meetings of Shareholders and of preparing, printing and distributing financial
                                         and other reports, proxy forms, prospectuses and similar documents;
	 	 	 

		●	the
                                         cost of insurance (if any) for the benefit of the Directors;
	 	 	 

		●	the
                                         cost of printing and distributing the annual and statements;

 

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		●	investment
                                         specific research and investment consultancy expenses;
	 	 	 

		●	due
                                         diligence expenses for on-site research and due diligence;
	 	 	 

		●	litigation
                                         and indemnification expenses and extraordinary expenses not incurred in the ordinary
                                         course of business;
	 	 	 

		●	the
                                         cost of obtaining and maintaining any future listing of the Participating Shares on any
                                         stock exchange; and
	 	 	 

		●	all
                                         other operating and administrative expenses.

 

		5.2	Soft
                                         Commissions

 

The
Investment Manager and/or any company associated with it may effect transactions by or through the agency of another person with
whom the Investment Manager and/or any company associated with it may have an arrangement under which that party will from time
to time provide to or procure for the Investment Manager and/or any company associated with it goods, services and other benefits,
such as research and advisory services, computer hardware, telecommunications equipment, software, database services and other
similar services, the nature of which is such that their provision can reasonably be expected to benefit the Company as a whole
and may contribute to an improvement in the performance of the Company or of the Investment Manager and/or any company associated
with it in providing services to the Company. The Manager and/or any company associated with it shall not receive any direct payment
from such party. The Manager and/or any company associated with it may however undertake to place business with that party. For
the avoidance of doubt, such goods and services do not include travel, accommodation, entertainment, general administrative goods
or services, general office equipment or premises, membership fees, employee salaries or direct money payments. In any event,
the execution of transactions will be consistent with best execution standards, and brokerage rates will not be in excess of customary
institutional full-service brokerage rates.

 

		5.3	Rebates

 

The
Investment Manager and/or any company associated with it may enter into portfolio transactions for or with the Company either
as agent in which case they may receive and retain customary brokerage commission and/or cash commission rebates, or with the
approval of the directors of the Company, deal as a principal with the Company in accordance with normal market practice, provided
that commissions charged to the Company in these circumstances do not exceed customary full service brokerage rates.

 

		5.4	Scope
                                         of Liabilities

 

The
Investment Manager shall not be liable to the Company or its shareholders for any losses, damages, expenses or claims occasioned
by any acts of omissions of the Investment Manager in connection with the performance of its services hereunder, other than as
a result of its own wilful default, fraud or negligence and contains provisions for the indemnification of the Investment Manager
by the Company hereunder.

 

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		5.5	Indemnification

 

		a)	The
                                         Company shall indemnify the Investment Manager (which shall include, solely for purposes
                                         of this Section 5.3, the Investment Manager’s directors, officers, employees and shareholders)
                                         and hold the Investment Manager harmless from and against any expense, loss, liability
                                         or damage arising out of any claim asserted or threatened to be asserted in connection
                                         with the Investment Manager’s serving or having served in good faith pursuant to this
                                         Agreement; provided, however, that the Investment Manager shall not be entitled to any
                                         such indemnification with respect to any expense, loss, liability or damage which was
                                         caused by the Investment Manager’s own willful default, fraud or negligence.

 

		b)	The
                                         Investment Manager shall indemnify the Company against, and hold it harmless from, any
                                         expense, loss, liability or damage arising out of any claim asserted or threatened to
                                         be asserted by any third party as a consequence (i) of any misstatement of any material
                                         fact or any other misrepresentation concerning the Company or the Participating Shares
                                         by the Investment Manager or (ii) willful default, fraud or negligence on the part of
                                         the Investment Manager.

 

		c)	In
                                         the event that either party hereto is or becomes a party to any action or proceeding
                                         in respect of which it may be entitled to seek indemnification hereunder (the “indemnitee”),
                                         the indemnitee shall promptly notify the other party (the “indemnitor”) thereof.
                                         The indemnitor shall be entitled to participate in any such suit or proceeding and, to
                                         the extent that it may wish, to assume the defense thereof with counsel reasonably satisfactory
                                         to the indemnitee. After notice of an election by the indemnitor so to assume the defense
                                         thereof, the indemnitor will not be liable to the indemnitee hereunder for any legal
                                         or other expenses subsequently incurred by the indemnitee in connection with the defense
                                         thereof other than reasonable costs of investigation or reasonable legal expenses incurred
                                         as a result of (i) potential conflicts of interest between the indemnitee and indemnitor
                                         or (ii) the protection of proprietary or privacy interests of other clients of the indemnitee.
                                         The indemnitor shall advance to the indemnitee the reasonable costs and expenses of investigating
                                         and/or defending such claim, subject to receiving a written undertaking from the indemnitee
                                         to repay such amounts if and to the extent of any subsequent determination by a court
                                         or other tribunal of competent jurisdiction that the indemnitee was not entitled to indemnification
                                         hereunder.

 

		d)	The
                                         indemnitor shall not be liable hereunder for any settlement of any action or claim effected
                                         without its written consent thereto.

 

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		5.6	Independent
                                         Contractor

 

For
all purposes of this Agreement, the Investment Manager shall be an independent contractor and not an employee or agent of the
Company nor shall anything herein be construed as making the Company a partner or co-venturer with the Investment Manager or any
of its affiliates.

 

		5.7	Information
                                         Concerning Activities

 

The
Investment Manager shall provide to the Company from time to time information regarding the Investment Manager and any authorized
dealers and concerning the activities undertaken by them for the Company as the Company may reasonably request.

 

		5.8	Term,
                                         Termination and Renewal

 

		a)	This
                                         Agreement shall have an initial term of five (5) years. Thereafter, this Agreement will
                                         be automatically renewed for successive five-year periods, subject to termination as
                                         of the close of any calendar year by either party upon not less than four (4) months’
                                         prior written notice to the other.

 

		b)	The
                                         Company or the Manager may terminate this Agreement at any time by notice to the other
                                         party, if the other party commits any material breach of its obligations under this Agreement
                                         and (if such breach shall be capable of remedy) shall fail within [thirty] days of receipt
                                         of notice requiring it so to do to make good such breach; or if the other party shall
                                         go into liquidation (except a voluntary liquidation for the purposes of reconstruction
                                         or amalgamation upon terms previously approved in writing by the other party) or be unable
                                         to pay its debts or commit any act of bankruptcy under the laws of the relevant jurisdiction;
                                         or if a receiver is appointed of any of the assets of the other party or if some event
                                         having an equivalent effect occurs. The Investment Manager may also terminate this Agreement
                                         at any time by notice to the Company if the Investment Manager ceases to be permitted
                                         to render the services contemplated under this Agreement pursuant to the applicable laws
                                         of the relevant jurisdiction.

 

		c)	In
                                         the event of any termination of this Agreement, the provisions of Part 5 shall survive.
                                         All amounts accrued and otherwise payable to the Investment Manager shall be due and
                                         payable to the Investment Manager as of the date of termination (subject to any adjustments
                                         as set out in the Private Placing Memorandum).

 

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		5.9	Modification,
                                         Waiver

 

Except
as otherwise expressly provided herein, this Agreement shall not be amended, nor shall any provision of this Agreement be considered
modified or waived, unless evidenced by a writing signed by the party to be charged with such amendment, waiver or modification.

 

		5.10	Binding
                                         Effect; Assignment

 

This
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, but the rights
and obligations hereunder shall not be assignable, transferable or delegable without the written consent of the other party hereto
and any attempted assignment, transfer or delegation thereof without such consent shall be void. The foregoing shall not prevent
an assignment by the Investment Manager to any of its affiliates without obtaining the written consent of the Company.

 

		5.11	Governing
                                         Law

 

This
Agreement shall be governed by and construed in accordance with the substantive laws of the Cayman Islands.

 

		5.12	Counterparts

 

This
Agreement may be signed in any number of counterparts. Any single counterpart or a set of counterparts signed in either case by
the parties hereto, shall constitute a full and original Agreement for all purposes and all such counterparts together shall constitute
one and the same Agreement.

 

		5.13	Entire
                                         Agreement

 

This
Agreement contains the entire Agreement between the parties with respect to the subject matter hereof.

 

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IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

 

	 	STRIKER CAPITAL MANAGEMENT LIMITED
	 	(the “Investment Manager”)
	 	 	 
	 	By:	 
	 	Name:	Michael Ching
	 	Title:	Executive Director

 

	 	STRIKER
    ASIA OPPORTUNITIES FUND CORPORATION
	 	(the
    “Company”)
	 	 	 
	 	By:	 
	 	Name:	John Lewis
	 	Title:	Director

 

 

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