Document:

Exhibit 10.3

 

FINAL FORM

 

LOCK-UP
AGREEMENT

 

THIS
LOCK-UP AGREEMENT (this “Agreement”) is made as of [●], 2016 by and among (i) DT Asia Investments
Limited, a business company incorporated in the British Virgin Islands with limited liability which will be known after the
consummation of the transactions contemplated by the Share Exchange Agreement (as defined below) as “China Direct Lending
Corporation” (including any successor entity thereto, “Purchaser”), (ii) DeTiger Holdings Limited,
a business company incorporated in the British Virgin Islands with limited liability, in its capacity under the Share Exchange
Agreement as the DT Representative (including any successor DT Representative in accordance with the Share Exchange Agreement,
the “DT Representative”), and (iii) each of the persons listed on Schedule A hereto (collectively,
the “Restricted Holders”). Any capitalized term used but not defined in this Agreement
will have the meaning ascribed to such term in the Share Exchange Agreement.

 

WHEREAS,
on January 11, 2016, Purchaser, the DT Representative and the Restricted Holders entered into that certain Share Exchange Agreement
(as amended from time to time in accordance with the terms thereof, the “Share Exchange Agreement”),
by and among Purchaser, the DT Representative, Adrie Global Holdings Limited, a business company incorporated in the British Virgin
Islands with limited liability (the “Company”), the Restricted Holders and Li Jingping, in the capacity
as the Seller Representative thereunder (the “Seller Representative”), pursuant to which, subject to
the terms and conditions thereof, Purchaser will acquire from the Restricted Holders all of the issued and outstanding equity
interests of the Company in exchange for 20,000,000 Purchaser Ordinary Shares (including any equity securities paid as dividends
or distribution with respect to such shares or into which such shares are exchanged or converted, the “Exchange Shares”),
with 8,000,000 of such Exchange Shares (including any equity securities paid as dividends or distribution with respect to such
shares or into which such shares are exchanged or converted, the “Escrow Shares”) being deposited in
escrow and held in an escrow account in accordance with the terms and conditions of the Share Exchange Agreement and the Escrow
Agreement;

 

WHEREAS,
pursuant to the Share Exchange Agreement, and in view of the valuable consideration to be received by the Restricted Holders thereunder,
including the rights under the Registration Rights Agreement by and among Purchaser, the DT Representative and the Restricted
Holders that is to be entered into on or about the date hereof in connection with the Share Exchange Agreement (the “Registration
Rights Agreement”), Purchaser, the DT Representative and the Restricted Holders desire to enter into this Agreement,
pursuant to which the Exchange Shares shall become subject to limitations on disposition as set forth herein.

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth
below, and intending to be legally bound hereby, the parties hereby agree as follows:

 

1. Lock-Up Provisions.

 

(a) Each Restricted Holder hereby agrees not to, during the period commencing from the consummation of the transactions contemplated
by the Share Exchange Agreement (the “Closing”) and ending on the earlier of (x) the one (1) year
anniversary of the date of the Closing or (y) the date on which Purchaser consummates a liquidation, merger, share exchange
or other similar transaction following the Closing with an unaffiliated third party that results in all of Purchaser’s shareholders
having the right to exchange their equity holdings in Purchaser for cash, securities or other property (the “Lock-Up
Period”): (i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option
or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise
transfer or dispose of, directly or indirectly, any Exchange Shares, (ii) enter into any swap or other arrangement that transfers
to another, in whole or in part, any of the economic consequences of ownership of the Exchange Shares or (iii) publicly disclose
the intention to do any of the foregoing, whether any such transaction described in clauses (i), (ii), or (iii) above is to be
settled by delivery of Purchaser Ordinary Shares or other securities, in cash or otherwise (any of the foregoing described in
clauses (i), (ii), or (iii), a “Prohibited Transfer”). The foregoing sentence shall not apply to the
transfer of any or all of the Exchange Shares owned by a Restricted Holder (other than Escrow Shares until such Escrow Shares
are disbursed to such Restricted Holder from the Escrow Account in accordance with the terms and conditions of the Share Exchange
Agreement and the Escrow Agreement), either during his lifetime or on death, (A) by gift, will or intestate succession, or (B)
to any Affiliate, shareholder, member, partner or trust beneficiary, as the case may be, of such Restricted Holder; provided,
however, that in any of cases (A) or (B) it shall be a condition to such transfer that the transferee executes and delivers to
Purchaser an agreement stating that the transferee is receiving and holding the Exchange Shares subject to the provisions of this
Agreement, and there shall be no further transfer of such Exchange Shares except in accordance with this Agreement. In addition,
each Restricted Holder agrees that such Restricted Holder will not, during the Lock-Up Period, make any demand for or exercise
any right with respect to, the registration of any Exchange Shares or any other Purchaser Ordinary Shares or any security convertible
into or exercisable or exchangeable for Purchaser Ordinary Shares, whether pursuant to the Registration Rights Agreement or otherwise.
Each Restricted Holder further agrees to execute such agreements as may be reasonably requested by Purchaser that are consistent
the foregoing or that are necessary to give further effect thereto.

 

    	 	 	 

     

    

 

(b) Each Restricted Holder further acknowledge and agrees that it shall not be permitted to engage in any Prohibited Transfer with
respect to any Escrow Shares until such Escrow Shares are disbursed to such Restricted Holder from the Escrow Account in accordance
with the terms and conditions of the Share Exchange Agreement and the Escrow Agreement.

 

(c) Notwithstanding the foregoing, each Restricted Holder may during the Lock-Up Period pledge their Exchange Shares (other than their
Escrow Shares) to an unaffiliated third party as a guarantee to secure borrowings made by such third party to the Company or any
of its Subsidiaries.

 

(d) If any Prohibited Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer
shall be null and void ab initio, and Purchaser shall refuse to recognize any such purported transferee of the Exchange Shares
as one of its equity holders for any purpose. In order to enforce this Section 1, Purchaser may impose stop-transfer instructions
with respect to the Exchange Shares of each Restricted Holder (and permitted transferees and assigns thereof) until the end of
the Lock-Up Period.

 

(e) During the Lock-Up Period (and with respect to any Escrow Shares, if longer, during the period when such Escrow Shares are held
in the Escrow Account), each certificate evidencing any Exchange Shares shall be stamped or otherwise imprinted with a legend
in substantially the following form, in addition to any other applicable legends:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT DATED AS OF
[●], 2016 BY AND AMONG THE ISSUER OF SUCH SECURITIES (THE “COMPANY”) AND CERTAIN OF THE COMPANY’S SHAREHOLDERS,
AS AMENDED. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN
REQUEST.”

 

    	 	2	 

     

    

 

2. Miscellaneous.

 

(a) Termination of Share Exchange Agreement. Notwithstanding anything to the contrary contained herein, in the event that the
Share Exchange Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations
of the parties hereunder shall automatically terminate and be of no further force or effect.

 

(b) Binding Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit
of the parties hereto and their respective permitted successors and assigns. This Agreement and all obligations of each Restricted
Holder are personal to such Restricted Holder and may not be transferred or delegated by such Restricted Holder at any time. Purchaser
may freely assign any or all of its rights under this Agreement, in whole or in part, to any successor entity (whether by merger,
consolidation, equity sale, asset sale or otherwise) without obtaining the consent or approval of any Restricted Holder. If the
DT Representative is replaced in accordance with the terms of the Share Exchange Agreement, the replacement DT Representative
shall automatically become a party to this Agreement as if it were the original DT Representative hereunder.

 

(c) Third Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection
with the transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any
person that is not a party hereto or thereto or a successor or permitted assign of such a party.

 

(d) Governing Law; Jurisdiction. This Agreement and any dispute or controversy arising out of or relating to this Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of law
principles thereof. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any
state or federal court located in New York, New York (or in any court in which appeal from such courts may be taken) (the “Specified
Courts”). Each party hereto hereby (i) submits to the exclusive jurisdiction of any Specified Court for the
purpose of any Action arising out of or relating to this Agreement brought by any party hereto and (ii) irrevocably waives,
and agrees not to assert by way of motion, defense or otherwise, in any such Action, any claim that it is not subject personally
to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action
is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated
hereby may not be enforced in or by any Specified Court. Each party agrees that a final judgment in any Action shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each party irrevocably
consents to the service of the summons and complaint and any other process in any other action or proceeding relating to the transactions
contemplated by this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party
at the applicable address set forth in Section 2(g). Nothing in this Section 2(d) shall affect the right of any
party to serve legal process in any other manner permitted by applicable law.

 

(e) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING
WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 2(e).

 

    	 	3	 

     

    

 

(f) Interpretation. The titles and subtitles used in this Agreement are for convenience only and are not to be considered in
construing or interpreting this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this
Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs
shall include the plural and vice versa; (ii) “including” (and with correlative meaning “include”) means
including without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case
to be followed by the words “without limitation”; (iii) the words “herein,” “hereto,” and
“hereby” and other words of similar import in this Agreement shall be deemed in each case to refer to this Agreement
as a whole and not to any particular section or other subdivision of this Agreement; and (iv) the term “or” means
“and/or”. The parties have participated jointly in the negotiation and drafting of this Agreement. Consequently, in
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly
by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provision of this Agreement.

 

(g) Notices. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have
been duly given when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt,
(iii) one Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3)
Business Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case
to the applicable party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	If
        to Purchaser after the Closing, to:

        

        China
Direct Lending Corporation

11th Floor, Satellite Building 

        473
        Satellite Road

        

        Economic
        Technological Development Zone

        Urumqi, Xinjiang, China 830000

        Attention: Li Jingping and Stephen Chan

        Facsimile No.: +86 991-2322126

        Telephone No.: +86 991-3072247

        Email:lijingping@fhxd.net and

                   chan.stephen@fhxd.net
	With
        copies to (which shall not constitute notice):

         

        The
        DT Representative

         

        and

         

        Ellenoff
        Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attention: Stuart Neuhauser

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: sneuhauser@egsllp.com

         

        and

         

        Foley
        & Lardner LLP

        90 Park Avenue

        New York, NY 10016-1314

        Attention: Selig D. Sacks

        Facsimile No.: (212) 687-2329

        Telephone No.: (212) 338-3420

        Email: ssacks@foley.com

 

    	 	4	 

     

    

 

	If
        to the DT Representative, to:

         

        DeTiger
        Holdings Limited

        Room 1102, 11/F

        Beautiful Group Tower

        77 Connaught Road

        Central, Hong Kong

        Attention: Winnie NG, Director

        Facsimile No.: (852) 3753-3393

        Telephone No.: (852) 2110-0081

        Email: Office@DeTigerCapital.com

         

        
	With
        a copy to (which shall not constitute notice):

         

        Ellenoff
        Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attention: Stuart Neuhauser

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: sneuhauser@egsllp.com

	If
to any Restricted Holder, to the address of such Restricted Holder as set forth under the name of such Restricted Holder on the
signature pages hereto, with a copy to (which shall not constitute notice):

         

        Li
        Jingping

        c/o Urumqi Feng Hui Direct Lending Limited

        11th Floor, Satellite Building

        473 Satellite Road

        Economic Technological Development Zone

        Urumqi, Xinjiang, China 830000

        Attention: Li Jingping and Stephen Chan

        Facsimile No.: +86-991-2321276

        Telephone No.: +86-991-3072247

        Email:lijingping@fhxd.net and

                    chan.stephen@fhxd.net

 

(h) Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may
be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent
of Purchaser, the DT Representative and Restricted Holders holding a majority of the Exchange Shares held by all Restricted Holders.
No failure or delay by a party in exercising any right hereunder shall operate as a waiver thereof. No waivers of or exceptions
to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a
further or continuing waiver of any such term, condition, or provision.

 

(i) Severability. In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction,
such provision shall be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same
valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions hereof shall not in any
way be affected or impaired thereby nor shall the validity, legality or enforceability of such provision be affected thereby in
any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties will substitute for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries
out, so far as may be valid, legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.

 

    	 	5	 

     

    

 

(j) Specific Performance. Each Restricted Holder acknowledges that its obligations under this Agreement are unique, recognizes
and affirms that in the event of a breach of this Agreement by any Restricted Holder, money damages may be inadequate and Purchaser
(and DT Representative on behalf of Purchaser) may have not adequate remedy at law, and agree that irreparable damage would occur
in the event that any of the provisions of this Agreement were not performed by a Restricted Holder in accordance with their specific
terms or were otherwise breached. Accordingly, each of Purchaser and the DT Representative shall be entitled to seek an injunction
or restraining order to prevent breaches of this Agreement by any Restricted Holder and to seek to enforce specifically the terms
and provisions hereof, without the requirement to post any bond or other security or to prove that money damages would be inadequate,
this being in addition to any other right or remedy to which such party may be entitled under this Agreement, at law or in equity.

 

(k) Entire Agreement. This Agreement (including any Schedules hereto) constitutes the full and entire understanding and agreement
among the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter
hereof existing between the parties is expressly canceled; provided, that, for the avoidance of doubt, the foregoing shall
not affect the rights and obligations of the parties under the Share Exchange Agreement or any Ancillary Document, including the
Registration Rights Agreement. Notwithstanding the foregoing, nothing in this Agreement shall limit any of the rights or remedies
of Purchaser and the DT Representative or any of the obligations of the Restricted Holders under any other agreement between the
Restricted Holders and Purchaser or the DT Representative or any certificate or instrument executed by the Restricted Holders
in favor of Purchaser or the DT Representative, and nothing in any other agreement, certificate or instrument shall limit any
of the rights or remedies of Purchaser or the DT Representative or any of the obligations of the Restricted Holders under this
Agreement.

 

(l) Counterparts; Facsimile. This Agreement may also be executed and delivered by facsimile signature or by email in
portable document format in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

[Remainder
of Page Intentionally Left Blank; Signature Pages Follow]

 

    	 	6	 

     

    

 

IN WITNESS WHEREOF, the
parties have executed this Lock-Up Agreement as of the date first written above.

 

	 	Purchaser:

	 	 
	 	DT
    ASIA INVESTMENTS LIMITED
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	The
    DT Representative:
	 	 	 
	 	DeTIGER
    HOLDINGS LIMITED, in its capacity under
    the Share Exchange Agreement as the DT Representative
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to
Lock-Up Agreement]

 

     

     

    

	 	Restricted
    Holders:
	 	 
	 	RUIHENG
        GLOBAL LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 
	 	 	 
	 	YANGWEI
        GLOBAL LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

[Signature Page
to Lock-Up Agreement]

 

     

     

    

 

	 	FAVOUR
        PLUS GLOBAL LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 
	 	 	 
	 	QIXIANG
        GLOBAL LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

[Signature Page
to Lock-Up Agreement]

 

     

     

    

 

	 	YIMAO
        ENTERPRISES LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

	 	JIYI
        GLOBAL INVESTMENTS LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

[Signature Page
to Lock-Up Agreement]

 

     

     

    

 

	 	CHANGMAN
        LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 
	 	 	 
	 	ZHAN
        ZHAO LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

[Signature Page
to Lock-Up Agreement]

 

     

     

    

 

	 	TAVISTOCK
        GLOBAL LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 
	 	 	 
	 	ZHONG
        YUN HOLDINGS LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

[Signature Page
to Lock-Up Agreement]

 

     

     

    

 

	 	JIEGUAN
        LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 
	 	 	 
	 	MULTIDEAL
        LIMITED,

        a
British Virgin Islands company

	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

[Signature Page
to Lock-Up Agreement]

 

     

     

    

 

	 	XINGLIN
    LIMITED,

    a British Virgin Islands company
	 	 	 
	 	By:	 
	 	Name:
	 
	 	Title:	 
	 	 	 
		Address for Notice:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile:
    	 
	 	Email:	 

 

[Signature Page
to Lock-Up Agreement]

 

     

     

    

 

SCHEDULE A

RESTRICTED HOLDERS

 

	 	●	Ruiheng Global Limited
	 	 	 
	 	●	Yangwei Global Limited
	 	 	 
	 	●	Favour Plus Global Limited
	 	 	 
	 	●	Qixiang Global Limited
	 	 	 
	 	●	Yimao Enterprises Limited
	 	 	 
	 	●	Jiyi Global Investments Limited
	 	 	 
	 	●	Changman Limited
	 	 	 
	 	●	Zhan Zhao Limited
	 	 	 
	 	●	Tavistock Global Limited
	 	 	 
	 	●	Zhong Yun Holdings Limited
	 	 	 
	 	●	Jieguan Limited
	 	 	 
	 	●	Multideal Limited
	 	 	 
	 	●	Xinglin LimitedExhibit 10.4

 

FINAL
FORM

 

NON-COMPETITION AND NON-SOLICITATION
AGREEMENT

 

THIS
NON-COMPETITION AND NON-SOLICITATION AGREEMENT (this “Agreement”) is being executed and delivered as
of [●], 2016 by [_____________], a business company incorporated in the British Virgin Islands with limited liability (“Seller”)
[and ______________, an individual that is a shareholder of Seller or otherwise serving as officer, director, manager or employee
of Seller and serving as a shareholder, director, officer, manager or employee of the Company (as defined below) or any of its
Subsidiaries (including China Lending and its Subsidiaries) (“Manager” and, together with Seller, the
“Subject Parties”)],1 in favor of and for the benefit of DT Asia Investments Limited,
a business company incorporated in the British Virgin Islands with limited liability, which will be known after the consummation
of the transactions contemplated by the Share Exchange Agreement (as defined below) as “China Direct Lending Corporation”
(“Purchaser”), Adrie Global Holdings Limited, a business company incorporated in the British
Virgin Islands with limited liability (the “Company”), and each of Purchaser’s and/or the Company’s
respective present and future Affiliates, successors and direct and indirect Subsidiaries (collectively, the “Covered
Parties”). Any capitalized term used, but not defined in this Agreement will have the meaning ascribed to such term
in the Share Exchange Agreement.

 

WHEREAS,
on January 11, 2016, Purchaser, the Company and the Seller entered into that certain Share Exchange Agreement (as amended from
time to time in accordance with the terms thereof, the “Share Exchange Agreement”), by and among Purchaser,
DeTiger Holdings Limited, in its capacity as the DT Representative thereunder (including any successor DT Representative appointed
pursuant to and in accordance with Section 12.14 of the Share Exchange Agreement, the “DT Representative”),
the Company, the shareholders of the Company named therein, including Seller (the “Company Shareholders”),
and Li Jingping, in the capacity as the Seller Representative thereunder, pursuant to which, subject to the terms and conditions
thereof, Purchaser will acquire from the Company Shareholders all of the issued and outstanding equity interests of the Company
in exchange for 20,000,000 Purchaser Ordinary Shares;

 

WHEREAS,
the Company, indirectly through its Subsidiaries (including China Lending and the WFOEs), is engaged in the business of providing
non-bank micro-credit and small and mid-size business lending in China (the “Business”);

 

WHEREAS,
in connection with, and as a condition to the consummation of the transactions contemplated by the Share Exchange Agreement (the
“Transactions”), and to enable Purchaser to secure more fully the benefits of the Transactions, including
the protection and maintenance of the goodwill and confidential information of the Company and its Subsidiaries, Purchaser has
required that the Subject Parties enter into this Agreement;

 

WHEREAS,
the Subject Parties are entering into this Agreement in order to induce Purchaser to consummate the Transactions, pursuant to
which each Subject Party will directly or indirectly receive a material benefit; and

 

WHEREAS,
Seller, as a former owner of the Company, and Manager, as a former shareholder, director, officer or employee of the Company or
its Subsidiaries, have contributed to the value of the Company and have obtained extensive and valuable knowledge and confidential
information concerning the business of the Company and its Subsidiaries.

 

1
This will apply for Sellers where they have shareholders or other associated individuals who are associated with the management
of China Lending. 

 

     

     

    

 

NOW,
THEREFORE, in order to induce Purchaser to consummate the Transactions, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, each Subject Party hereby agrees as follows:

 

1.Restriction
on Competition.

 

(a) Restriction.
Each Subject Party hereby agrees that during the period from the Closing until the later of (i) the four (4) year anniversary
of the Closing Date and (ii) the date on which the Subject Parties, their respective Affiliates or any of their respective officers,
directors or employees are no longer directors, officers, managers or employees of the Company or any of its Subsidiaries (the
later of such date in this clause (ii) or the Closing Date, the “Termination Date”, and such period
from the Closing until the later of clauses (i) and (ii), the “Restricted Period”), such Subject Party
will not, and will cause its Affiliates not to, without the prior written consent of Purchaser (which may be withheld in its sole
discretion), anywhere in the Peoples’ Republic of China (the “Territory”), directly or indirectly
engage in the Business (other than through a Covered Party) or own, manage, finance or control, or participate in the ownership,
management, financing or control of, or become engaged or serve as an officer, director, member, partner, employee, agent, consultant,
advisor or representative of, a business or entity (other than a Covered Party) that engages in the Business (a “Competitor”).
Notwithstanding the foregoing, (i) the Subject Parties and their respective Affiliates may own passive portfolio company investments
in a Competitor, so long as the Subject Parties and their Affiliates and their respective shareholders, directors, officer, managers
and employees who were involved with the business of the Company and its Subsidiaries are not involved in the management or control
of such Competitor (“Permitted Ownership”), and (ii) for the avoidance of doubt, certain family members
and associates of the Subject Parties as set forth on Exhibit 1 hereto may continue to manage the businesses set forth
next to their respective names on Exhibit 1 hereto consistent with past practice prior to the date hereof, even if such
businesses are Competitors, so long as the Subject Parties are not involved in the management or control of such Competitors.

 

(b) Acknowledgment.
Each Subject Party acknowledges and agrees, based upon the advice of legal counsel and/or such Subject Party’s own education,
experience and training, that (i) such Subject Party possesses knowledge of confidential information of the Company and its Subsidiaries
and the Business, (ii) such Subject Party’s execution of this Agreement is a material inducement to Purchaser to consummate
the Transactions and to realize the goodwill of the Company and its Subsidiaries, for which such Subject Party will receive a
substantial direct or indirect financial benefit, and that Purchaser would not have entered into the Share Exchange Agreement
or consummated the Transactions but for the Subject Parties’ agreements set forth in this Agreement; (iii) it would impair
the goodwill of the Company and its Subsidiaries and reduce the value of the assets of the Company and its Subsidiaries and cause
serious and irreparable injury if such Subject Party were to use its ability and knowledge by engaging in the Business in competition
with a Covered Party, and/or to otherwise breach the obligations contained herein and that the Covered Parties would not have
an adequate remedy at law because of the unique nature of the Business, (iv) such Subject Party has no intention of engaging in
the Business during the Restricted Period other than Permitted Ownership, (v) the relevant public policy aspects of restrictive
covenants, covenants not to compete and non-solicitation provisions have been discussed, and every effort has been made to limit
the restrictions placed upon such Subject Party to those that are reasonable and necessary to protect the Covered Parties’
legitimate interests, (vi) the Covered Parties conduct and intend to conduct the Business everywhere in the Territory and compete
with other businesses that are or could be located in any part of the Territory, (vii) the foregoing restrictions on competition
are fair and reasonable in type of prohibited activity, geographic area covered, scope and duration, (viii) the consideration
provided to such Subject Party under this Agreement and the Share Exchange Agreement is not illusory, and (ix) such provisions
do not impose a greater restraint than is necessary to protect the goodwill or other business interests of the Covered Parties.

 

    	 	2	 

     

    

 

2. No
Solicitation; No Disparagement.

 

(a) No
Solicitation of Employees and Consultants. Each Subject Party agrees that, during the Restricted Period, such Subject Party
will not, without the prior written consent of Purchaser (which may be withheld in its sole discretion), either on its own behalf
or on behalf of any other Person (other than, if applicable, a Covered Party in the performance of such Subject Party’s
duties on behalf of the Covered Parties), directly or indirectly: (i) hire or engage as an employee, independent contractor, consultant
or otherwise any Covered Personnel (as defined below); (ii) solicit, induce, encourage or otherwise cause (or attempt to do any
of the foregoing) any Covered Personnel to leave the service (whether as an employee, consultant or independent contractor) of
any Covered Party; or (iii) in any way interfere with or attempt to interfere with the relationship between any Covered Personnel
and any Covered Party; provided, however, no Subject Party will be deemed to have violated this Section 2(a)
if any Covered Personnel voluntarily and independently solicits an offer of employment from such Subject Party (or other Person
whom such Subject Party is acting on behalf of) by responding to a general advertisement or solicitation program conducted by
or on behalf of such Subject Party (or such other Person whom such Subject Party is acting on behalf of) that is not targeted
at such Covered Personnel or Covered Personnel generally, so long as such Covered Personnel is not hired. For purposes of this
Agreement, “Covered Personnel” shall mean any Person who is or was an employee, consultant or independent
contractor of the Covered Parties, (A) if the relevant time of determination is before the Termination Date, as of such date of
determination or during the one (1) year period preceding such date and, (B) if the relevant time of determination is after the
Termination Date, as of the Termination Date or during the one (1) year period preceding the Termination Date.

 

(b)  Non-Solicitation
of Customers and Suppliers. Each Subject Party agrees that, during the Restricted Period, such Subject Party will not, without
the prior written consent of Purchaser (which may be withheld in its sole discretion), individually or on behalf of any other
Person (other than, if applicable, a Covered Party in the performance of such Subject Party’s duties on behalf of the Covered
Parties), directly or indirectly: (i) solicit, induce, encourage or otherwise cause (or attempt to do any of the foregoing) any
Covered Customer (as defined below) to (A) cease being, or not become, a client or customer of any Covered Party with respect
to the Business or (B) reduce the amount of business of such Covered Customer with any Covered Party, or otherwise alter such
business relationship in a manner adverse to any Covered Party, in either case, with respect to or relating to the Business; (ii)
interfere with or disrupt (or attempt to interfere with or disrupt) the contractual relationship between any Covered Party and
any Covered Customer; (iii) divert any business with any Covered Customer relating to the Business from a Covered Party; (iv)
solicit for business, provide services to, engage in or do business with, any Covered Customer for products or services that are
part of the Business; or (v) interfere with or disrupt (or attempt to interfere with or disrupt), any Person that was a vendor,
supplier, distributor, agent or other service provider of a Covered Party at the time of such interference or disruption, for
a purpose competitive with a Covered Party as it relates to the Business. For purposes of this Agreement, a “Covered
Customer” shall mean any Person who is or was an actual customer or client (or prospective customer or client with
whom a Covered Party actively marketed or made or taken specific action to make a proposal) of a Covered Party, (A) if the relevant
time of determination is before the Termination Date, as of such date of determination or during the one (1) year period preceding
such date and, (B) if the relevant time of determination is after the Termination Date, as of the Termination Date or during the
one (1) year period preceding the Termination Date.

 

    	 	3	 

     

    

 

(c) Non-Disparagement.
Each Subject Party agrees that from and after the Closing Date such Subject Party will not directly or indirectly engage in any
conduct that involves the making or publishing (including through electronic mail distribution or online social media) of any
written or oral statements or remarks (including the repetition or distribution of derogatory rumors, allegations, negative reports
or comments) that are disparaging, deleterious or damaging to the integrity, reputation or good will of one or more Covered Parties
or their respective management, officers, employees, independent contractors or consultants. Notwithstanding the foregoing, subject
to Section 3 below, the provisions of this Section 2(c) shall not restrict any Subject Party from providing truthful
testimony or information in response to a subpoena or investigation by a Governmental Authority or in connection with any legal
action by such Subject Party against any Covered Party under this Agreement, the Share Exchange Agreement or any other Ancillary
Document that is asserted by such Subject Party in good faith.

 

3. Confidentiality.
From and after the Closing Date, each Subject Party will, and will cause its Representatives to, keep confidential and not
(except, if applicable, in the performance of such Subject Party’s duties on behalf of the Covered Parties) directly or
indirectly use, disclose, reveal, publish, transfer or provide access to, any and all Covered Party Information without the prior
written consent of Purchaser (which may be withheld in its sole discretion). As used in this Agreement, “Covered Party
Information” means all material and information relating to the business, affairs and assets of any Covered Party,
including material and information that concerns or relates to such Covered Party’s bidding and proposal, technical, computer
hardware or software, administrative, management, operational, data processing, financial, marketing, sales, human resources,
business development, planning and/or other business activities, regardless of whether such material and information is maintained
in physical, electronic, or other form, that is: (A) gathered, compiled, generated, produced or maintained by such Covered Party
through its Representatives, or provided to such Covered Party by its suppliers, service providers or customers; and (B) intended
and maintained by such Covered Party or its Representatives, suppliers, service providers or customers to be kept in confidence.
The obligations set forth in this Section 3 will not apply to any Covered Party Information where a Subject Party can prove
that such material or information: (i) is known or available through other lawful sources not bound by a confidentiality agreement
with, or other confidentiality obligation to, any Covered Party; (ii) is or becomes publicly known through no violation of this
Agreement or other non-disclosure obligation of such Subject Party or any of its Representatives; (iii) is already in the possession
of such Subject Party at the time of disclosure through lawful sources not bound by a confidentiality agreement or other confidentiality
obligation as evidenced by the Subject Party’s documents and records; or (iv) is required to be disclosed pursuant to an
order of any administrative body or court of competent jurisdiction (provided that (A) the applicable Covered Party is given reasonable
prior written notice, (B) such Subject Party cooperates (and causes its Representatives to cooperate) with any reasonable request
of any Covered Party to seek to prevent or narrow such disclosure and (C) if after compliance with clauses (A) and (B) such disclosure
is still required, such Subject Party and its Representatives only disclose such portion of the Covered Party Information that
is expressly required by such order, as it may be subsequently narrowed).

 

4. Representations
and Warranties. Each Subject Party hereby represents and warrants, to and for the benefit of the Covered Parties as of the
date of this Agreement and as of the Closing Date, that: (a) such Subject Party has full power and capacity to execute and deliver,
and to perform all of such Subject Party’s obligations under, this Agreement; and (b) neither the execution and delivery
of this Agreement nor the performance of such Subject Party’s obligations hereunder will result directly or indirectly in
a violation or breach of any agreement or obligation by which such Subject Party is a party or otherwise bound. By entering into
this Agreement, each Subject Party certifies and acknowledges that such Subject Party has carefully read all of the provisions
of this Agreement, and that such Subject Party voluntarily and knowingly enters into this Agreement.

 

    	 	4	 

     

    

 

5. Remedies.
The covenants and undertakings of the Subject Parties contained in this Agreement relate to matters which are of a special,
unique and extraordinary character and a violation of any of the terms of this Agreement may cause irreparable injury to the Covered
Parties, the amount of which may be impossible to estimate or determine and which cannot be adequately compensated. Each Subject
Party agrees that, in the event of any breach or threatened breach by such Subject Party of any covenant or obligation contained
in this Agreement, each applicable Covered Party will be entitled to obtain the following remedies (in addition to, and not in
lieu of, any other remedy at law or in equity or pursuant to the Share Exchange Agreement or the other Ancillary Documents that
may be available to the Covered Parties, including monetary damages), and a court of competent jurisdiction may award: (i) an
injunction, restraining order or other equitable relief restraining or preventing such breach or threatened breach, without the
necessity of proving actual damages or posting bond or security, which each Subject Party expressly waives; and (ii) recovery
of the Covered Party’s attorneys’ fees and costs incurred in enforcing the Covered Party’s rights under this
Agreement. If sought and obtained in accordance with this Agreement, each Subject Party hereby consents to the award of any of
the above remedies to the applicable Covered Party in connection with any such breach or threatened breach. Each Subject Party
hereby acknowledges and agrees that in the event of any breach of this Agreement, any value attributed or allocated to this Agreement
(or any other non-competition agreement with such Subject Party) under or in connection with the Share Exchange Agreement shall
not be considered a measure of, or a limit on, the damages of the Covered Parties.

 

6. Survival
of Obligations. The expiration of the Restricted Period will not relieve any Subject Party of any obligation or liability
arising from any breach by such Subject Party of this Agreement during the Restricted Period. Each Subject Party further agrees
that the time period during which the covenants contained in Section 1 and Section 2 of this Agreement will be effective
will be computed by excluding from such computation any time during which such Subject Party is in violation of any provision
of such Sections, provided the Company has delivered to the Subject Party notice of any such exclusion prior to the date
on which such time period would otherwise expire.

 

7. Miscellaneous.

 

(a) Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

    	 	5	 

     

    

 

	If
        to Purchaser (or any other Covered Party), to:

         

        DeTiger
        Holdings Limited

        Room 1102, 11/F

        Beautiful Group Tower

        77 Connaught Road

        Central, Hong Kong

        Attention: Winnie NG, Director

        Facsimile No.: (852) 3753-3393

        Telephone No.: (852) 2110-0081

        Email: Office@DeTigerCapital.com

         

         
	with
a copy (that will not constitute notice) to: 

         

        Ellenoff
        Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attention: Stuart Neuhauser

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: sneuhauser@egsllp.com

	If
to a Subject Party, to:
 the address below
such Subject Party’s name on the signature page to this Agreement.

 

(b) Integration
and Non-Exclusivity. This Agreement, the Share Exchange Agreement and the other Ancillary Documents contain the entire agreement
between the Subject Parties and the Covered Parties concerning the subject matter hereof. Notwithstanding the foregoing, the rights
and remedies of the Covered Parties under this Agreement are not exclusive of or limited by any other rights or remedies which
they may have, whether at law, in equity, by contract or otherwise, all of which will be cumulative (and not alternative). Without
limiting the generality of the foregoing, the rights and remedies of the Covered Parties, and the obligations and liabilities
of each Subject Party, under this Agreement, are in addition to their respective rights, remedies, obligations and liabilities
(i) under the laws of unfair competition, misappropriation of trade secrets, or other requirements of statutory or common law,
or any applicable rules and regulations and (ii) otherwise conferred by contract, including the Share Exchange Agreement and any
other written agreement between a Subject Party and any of the Covered Parties. Nothing in the Share Exchange Agreement will limit
any of the obligations, liabilities, rights or remedies of the Subject Parties or the Covered Parties under this Agreement, nor
will any breach of the Share Exchange Agreement or any other agreement between any Subject Party and any of the Covered Parties
limit or otherwise affect any right or remedy of the Covered Parties under this Agreement. If any term or condition of any other
agreement between any Subject Party and any of the Covered Parties conflicts or is inconsistent with the terms and conditions
of this Agreement, the more restrictive terms will control as to such Subject Party.

 

(c) Severability;
Reformation. Each provision of this Agreement is separable from every other provision of this Agreement. If any provision
of this Agreement is found or held to be invalid, illegal or unenforceable, in whole or in part, by a court of competent jurisdiction,
then (i) such provision will be deemed amended to conform to applicable laws so as to be valid, legal and enforceable to the fullest
possible extent, (ii) the invalidity, illegality or unenforceability of such provision will not affect the validity, legality
or enforceability of such provision under any other circumstances or in any other jurisdiction, and (iii) the invalidity, illegality
or unenforceability of such provision will not affect the validity, legality or enforceability of the remainder of such provision
or the validity, legality or enforceability of any other provision of this Agreement. The Subject Parties and the Covered Parties
will substitute for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far
as may be valid, legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision. Without limiting
the foregoing, if any court of competent jurisdiction determines that any part hereof is unenforceable because of the duration,
geographic area covered, scope of such provision, or otherwise, such court will have the power to reduce the duration, geographic
area covered or scope of such provision, as the case may be, and, in its reduced form, such provision will then be enforceable.
Each Subject Party will, at a Covered Party’s request, join such Covered Party in requesting that such court take such action.

 

    	 	6	 

     

    

 

(d) Amendment;
Waiver. This Agreement may not be amended or modified in any respect, except by a written agreement executed by the Subject
Parties, Purchaser, the Company and the DT Representative (or their respective permitted successors or assigns). No waiver will
be effective unless it is expressly set forth in a written instrument executed by the waiving party (and if such waiving party
is a covered party, the DT Representative) and any such waiver will have no effect except in the specific instance in which it
is given. Any delay or omission by a party in exercising its rights under this Agreement, or failure to insist upon strict compliance
with any term, covenant, or condition of this Agreement will not be deemed a waiver of such term, covenant, condition or right,
nor will any waiver or relinquishment of any right or power under this Agreement at any time or times be deemed a waiver or relinquishment
of such right or power at any other time or times.

 

(e) Dispute
Resolution. Any dispute, difference, controversy or claim arising in connection with or related or incidental to, or question
occurring under, this Agreement or the subject matter hereof (other than applications for a temporary restraining order, preliminary
injunction, permanent injunction or other equitable relief or application for enforcement of a resolution under this Section
7(e)) (a “Dispute”) shall be governed by this Section 7(e). A party must, in the first instance,
provide written notice of any Disputes to the other parties subject to such Dispute, which notice must provide a reasonably detailed
description of the matters subject to the Dispute. Any Dispute that is not resolved may at any time after the delivery of such
notice immediately be referred to and finally resolved by arbitration pursuant to the then-existing Expedited Procedures of the
Commercial Arbitration Rules (the “AAA Procedures”) of the American Arbitration Association (the “AAA”).
Any party involved in such Dispute may submit the Dispute to the AAA to commence the proceedings after the Resolution Period.
To the extent that the AAA Procedures and this Agreement are in conflict, the terms of this Agreement shall control. The arbitration
shall be conducted by one arbitrator nominated by the AAA promptly (but in any event within five (5) Business Days) after the
submission of the Dispute to the AAA and reasonably acceptable to each party subject to the Dispute, which arbitrator shall be
a commercial lawyer with substantial experience arbitrating disputes under acquisition agreements. The arbitrator shall accept
his or her appointment and begin the arbitration process promptly (but in any event within five (5) Business Days) after his or
her nomination and acceptance by the parties subject to the Dispute. The proceedings shall be streamlined and efficient. The arbitrator
shall decide the Dispute in accordance with the substantive law of the State of New York. Time is of the essence. Each party shall
submit a proposal for resolution of the Dispute to the arbitrator within twenty (20) days after confirmation of the appointment
of the arbitrator. The arbitrator shall have the power to order any party to do, or to refrain from doing, anything consistent
with this Agreement, the Ancillary Documents and applicable Law, including to perform its contractual obligation(s); provided,
that the arbitrator shall be limited to ordering pursuant to the foregoing power (and, for the avoidance of doubt, shall order)
the relevant party (or parties, as applicable) to comply with only one or the other of the proposals. The arbitrator's award shall
be in writing and shall include a reasonable explanation of the arbitrator's reason(s) for selecting one or the other proposal.
The seat of arbitration shall be in New York County, State of New York. The language of the arbitration shall be English.

 

    	 	7	 

     

    

 

(f) Governing Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the Laws of
the State of New York without regard to the conflict of laws principles thereof. Subject to Section 7(e), all Actions arising
out of or relating to this Agreement shall be heard and determined exclusively in any state or federal court located in New York,
New York (or in any court in which appeal from such courts may be taken) (the “Specified Courts”). Subject
to Section 7(e), each party hereto hereby (a) submits to the exclusive jurisdiction of any Specified Court for the purpose
of any Action arising out of or relating to this Agreement brought by any party hereto, (b) irrevocably waives, and agrees not
to assert by way of motion, defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction
of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an
inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may
not be enforced in or by any Specified Court and (c) waives any bond, surety or other security that might be required of any other
party with respect thereto. Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law or in equity. Each party irrevocably consents to
the service of the summons and complaint and any other process in any other action or proceeding relating to the transactions
contemplated by this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party
at the applicable address set forth in Section 7(a). Nothing in this Section 7(f) shall affect the right of any
party to serve legal process in any other manner permitted by Law.

 

(g)WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7(g). ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION 7(g) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL
BY JURY.

 

(h) Successors
and Assigns; Third Party Beneficiaries. This Agreement will be binding upon each Subject Party and each Subject Party’s
estate, successors and assigns, and will inure to the benefit of the Covered Parties, and their respective successors and assigns.
Each Covered Party may freely assign any or all of its rights under this Agreement, at any time, in whole or in part, to any Person
which acquires, in one or more transactions, at least a majority of the equity securities (whether by equity sale, merger or otherwise)
of such Covered Party or all or substantially all of the assets of such Covered Party and its Subsidiaries, taken as a whole,
without obtaining the consent or approval of either Subject Party. Each Subject Party agrees that the obligations of such Subject
Party under this Agreement are personal and will not be assigned by such Subject Party. Each of the Covered Parties are express
third party beneficiaries of this Agreement and will be considered parties under and for purposes of this Agreement.

 

(i) DT
Representative Authorized to Act on Behalf of Covered Parties. The parties acknowledge and agree that the DT Representative
is authorized and shall have the sole right to act on behalf of Purchaser and the other Covered Parties under this Agreement,
including the right to enforce Purchaser’s rights and remedies under this Agreement. Without limiting the foregoing, in
the event that a Subject Party serves as a director, officer, employee or other authorized agent of a Covered Party, such Subject
Party shall have no authority, express or implied, to act or make any determination on behalf of a Covered Party in connection
with this Agreement or any dispute or Action with respect hereto.

 

    	 	8	 

     

    

 

(j) Construction.
Each Subject Party acknowledges that such Subject Party has been represented by counsel, or had the opportunity to be represented
by counsel of such Subject Party’s choice. Any rule of construction to the effect that ambiguities are to be resolved against
the drafting party will not be applied in the construction or interpretation of this Agreement. Neither the drafting history nor
the negotiating history of this Agreement will be used or referred to in connection with the construction or interpretation of
this Agreement. The headings and subheadings contained in this Agreement are for reference purposes only and shall not affect
in any way the meaning or interpretation of this Agreement. In this Agreement: (i) the words “include,” “includes”
and “including” when used herein shall be deemed in each case to be followed by the words “without limitation”;
(ii) the definitions contained herein are applicable to the singular as well as the plural forms of such terms; (iii) whenever
required by the context, any pronoun shall include the corresponding masculine, feminine or neuter forms, and the singular form
of nouns, pronouns and verbs shall include the plural and vice versa; (iv) the words “herein,” “hereto,”
and “hereby” and other words of similar import shall be deemed in each case to refer to this Agreement as a whole
and not to any particular Section or other subdivision of this Agreement; (v) the word “if” and other words of similar
import when used herein shall be deemed in each case to be followed by the phrase “and only if”; (vi) the term “or”
means “and/or”; and (vii) any agreement or instrument defined or referred to herein or in any agreement or instrument
that is referred to herein means such agreement or instrument as from time to time amended, modified or supplemented, including
by waiver or consent and references to all attachments thereto and instruments incorporated therein.

 

(k) Counterparts.
This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each
of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.
A photocopy, faxed, scanned and/or emailed copy of this Agreement or any signature page to this Agreement, shall have the same
validity and enforceability as an originally signed copy.

 

(l) Effectiveness.
This Agreement shall be binding upon each Subject Party upon such Subject Party’s execution and delivery of this Agreement,
but this Agreement shall only become effective upon the consummation of the Transactions. In the event that the Share Exchange
Agreement is validly terminated in accordance with its terms prior to the consummation of the Transactions, this Agreement shall
automatically terminate and become null and void, and the parties shall have no obligations hereunder.

 

 

[Remainder
of Page Intentionally Left Blank; Signature Page Follows]

 

    	 	9	 

     

    

 

IN
WITNESS WHEREOF, the undersigned has duly executed and delivered this Non-Competition and Non-Solicitation Agreement as of the
date first written above.

 

		Seller:	 
	 	 	 

                                                                                                                              [______________________________]

 

	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address
    for Notice:
	 	 	 
	 	Address: 	 
	 	 	 
	 	 	 
	 	Facsimile
    No.:	 
	 	Telephone
    No.:	 
	 	Email:	 
	 	 	 
	 	Manager:
	 	 	 
	 	 
	 	Name:	 
	 	 	 
	 	Address
    for Notice:
	 	 	 
	 	Address:	 
	 	 
	 	 
	 	Facsimile
    No.:	 
	 	Telephone
    No.:	 
	 	Email:	 

 

 

[Signature
Page to Non-Competition Agreement]

 

     

     

    

 

Acknowledged
and accepted as of the date first written above:

 

	DT
    ASIA INVESTMENT LIMITED  
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	ADRIE
    GLOBAL HOLDINGS LIMITED  
	 	 	 
	By:	 	 
	Name:
	 	 
	Title:	 	 
	 	 	 
	DETIGER
    HOLDINGS LIMITED, 

in its capacity as the DT Representative
	 
	By:	 	 
	Name:	 	 
	Title:	 	 

  

 

[Signature
Page to Non-Competition Agreement]

 

     

     

    

 

EXHIBIT
1

Excluded Interests

 

[TO
BE PROVIDED]

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