Document:

Exhibit 10.3

 

CONSULTING
AND SERVICES AGREEMENT

 

Dated
as October 20, 2022

 

This
Consulting and Services Agreement (“Agreement”) is made and entered into as of the date first set forth above (the “Effective
Date”), by and between Metros Development Co., Ltd., a Japanese corporation (the “Company”) and HeartCore Inc., a Japanese
corporation (“Consultant”). Each of the Company and Consultant may be referred to herein individually as a “Party”
and collectively as the “Parties.”

 

WHEREAS,
Consultant is in the business of providing services for management consulting and business advisory; and

 

WHEREAS,
the Company deems it to be in its best interest to retain Consultant to render to the Company such services as may be needed; and

 

WHEREAS,
the Parties agree, after having a complete understanding of the services desired and the services to be provided, that the Company desires
to retain Consultant to provide such assistance through its services for the Company, and Consultant is willing to provide such services
to the Company;

 

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

 

Section
1. Engagement. In exchange for the compensation as set forth herein and subject to the other terms and conditions hereinafter
set forth, the Company hereby engages Consultant during the Term (as defined below), on a non-exclusive basis, to render the Services
set forth in Section 2 as an independent contractor of the Company, and Consultant hereby accepts such engagement.

 

Section
2. Services.

 

		(a)	Subject
                                            to the terms and conditions and for the Term, Consultant shall provide the Company with the
                                            following services and such additional services as agreed to by the Company and Consultant
                                            in writing following the Effective Date (collectively, the “Services”), in each
                                            case subject to the other limitations below:

 

		(i)	Providing
                                            support services to remove problematic accounting accounts upon listing support;

 

		(ii)	Translation
                                            of requested documents into English;

 

		(iii)	Conversion
                                            of accounting data from Japanese standards to US GAAP;

 

		(iv)	Support
                                            for the Company’s negotiations with the audit firm; and

 

		(v)	Creation
                                            of English web page.

 

    	1

     

    

 

		(b)	The
                                            Parties acknowledge and agree that additional details regarding the Services and eventual
deliverable or end result will be determined by the Parties at the applicable time and will in any event be subject to the Company’s
final agreement.

 

		(c)	Notwithstanding
                                            the definition of the “Services” as set forth above, it is acknowledged and agreed
                                            by the Company that Consultant carries no professional licenses, and is not rendering legal
                                            advice or performing accounting services, nor acting as an investment advisor or broker/dealer
                                            within the meaning of the applicable state and federal securities laws. The Services of Consultant
                                            shall not be exclusive nor shall Consultant be required to render any specific number of
                                            hours or assign specific personnel to the Company or its projects, however it is anticipated
                                            and agreed upon by both Parties that considerable time and resources will be required to
                                            fulfill the obligations to the Company under this agreement.

 

		(d)	Notwithstanding
                                            the definition of the “Services” as set forth above, the Consultant shall specifically
                                            not provide any of the following services to the Company: (i) negotiation for the sale of
                                            any of the Company’s securities or participation in discussions between the Company
                                            and the potential investors; (ii) assisting in structuring any transactions involving the
                                            sale of the Company’s securities; (iii) engage in any pre-screening of potential investors
                                            to determine their eligibility to purchase any securities or engaging in any pre-selling
                                            efforts for the Company’s securities; (iv) discuss details of the nature of the securities
                                            sold or whether recommendations were made concerning the sale of the securities; (v) engage
                                            in due diligence activities; (vi) provide advice relating to the valuation of or the financial
                                            advisability of any investments in the Company; or (vii) handle any funds or securities on
                                            behalf of the Company.

 

		(e)	Consultant
                                            will use its commercially reasonable efforts to provide the Services using the best of its
                                            professional skills and in a manner consistent with generally accepted standards for the
                                            performance of such work.

 

		(f)	Consultant
                                            shall devote such of its time and effort necessary to the discharge of its duties hereunder.
                                            The Company
                                            acknowledges that Consultant is engaged in other business activities,
                                            and that it will continue such activities during the term of this Agreement. Consultant shall
                                            not be restricted from engaging in other business activities during the term of this Agreement.

 

Section
3. Term; Termination.

 

		(a)	The
                                            term of this Agreement shall commence on the Effective Date and shall continue for a period
                                            of nine months thereafter (“Term”), unless sooner terminated in accordance with
                                            the terms herein. The Term may be renewed upon the mutual written agreement of the Parties
                                            via an amendment of this Agreement.

 

		(b)	This
                                            Agreement and the Term may be terminated at any time with immediate effect by either Party
                                            upon notice to the other Party.

 

		(c)	Upon
                                            the termination or expiration of the Term, the Parties shall have no further obligations
                                            hereunder other than those which arose prior to such termination or which are explicitly
                                            set forth herein as surviving any such termination or expiration. For the avoidance of doubt, the
Company, upon the termination or expiration of the Term, shall not be liable for any compensation for the Services that become due after
the date of termination.

 

    	2

     

    

 

Section
4. Compensation and Expenses.

 

		(a)	As
                                            full and complete compensation for Consultant’s agreement to perform the Services,
                                            the Company shall compensate Consultant as follows:

 

		(i)	In
                                            return for the provision of the Services, the Company shall pay to the Consultant the sum
                                            of $200,000 (the “Services Fee”) and shall issue to Consultant a warrant to acquire
                                            a number of shares of capital stock of the Company, to initially be equal to 1% of the fully
                                            diluted share capital of the Company as of Effective Date (490 shares of capital stock),
                                            to be substantially in the form as attached hereto as Exhibit A, which warrant may be revised
                                            to provide for an issuer other than the Company as set forth therein (the “Warrant”),
                                            with such number of shares subject to the Warrant to be adjusted as set forth therein. The
                                            Warrant shall be deemed fully earned and vested as of the Effective Date and shall be non-returnable
                                            to the Company for any reason.

 

		(ii)	The
                                            Services Fee shall be paid as follows:

 

		(1)	$100,000
                                            on the Effective Date;

 

		(2)	$50,000
                                            on the three month anniversary of the Effective Date; and

 

		(3)	$50,000
                                            on the six month anniversary of the Effective Date.

 

		(b)	The
                                            portions of the Services Fee shall be deemed fully earned and paid as of the time of their
                                            payment and shall not be subject to repayment to the Company in the event of any later termination
                                            or expiration of the Term or this Agreement.

 

		(c)	In
                                            the event that the Term is extended beyond the initial nine-month term, the Company shall
                                            compensate Consultant for the Services at the rate of $150 per hour based on the hours spent
                                            by personnel of Consultant providing the Services. The Company may set forth limits on the
                                            number of hours that may be spent on any Services, or other terms and conditions related
                                            thereto, which may be communicated to Consultant by email or otherwise.

 

		(d)	During
                                            the Term of the Agreement the Company will reimburse the Consultant’s travel and other
                                            reasonable expenses related to Consultant’s performance under this Agreement, on a
                                            monthly basis, within 30 days of Consultant’s submission to Company of invoices and
                                            receipts related to said expenses in form as reasonably acceptable to the Company. All expenses
                                            must be approved in writing by the Company in advance of Consultant incurring said expenses,
                                            and any expenses not pre-approved in writing by Company shall not be reimbursed and shall
                                            be Consultant’s sole responsibility.

 

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		(e)	Consultant
                                            shall be responsible for any and all taxes incurred by or payable by Consultant with respect
                                            to all compensation or reimbursement of expenses or any other payments made to
Consultant hereunder. In furtherance thereof, Consultant shall pay to the Company, or make arrangements satisfactory to the Company regarding
the payment of, all federal, state, local and foreign taxes that are required by applicable laws and regulations to be withheld by the
Company with respect to such amount.

 

Section
5. No Employee Status. The Parties also acknowledge and agree that Consultant is an independent contractor and is not an employee
or agent of Company in its position as a consultant and advisor. As such, Company shall not be liable for any employment tax, withholding
tax, social security tax, worker’s compensation or any other tax, insurance, expense or liability with respect to any or all compensation,
reimbursements and remuneration Consultant may receive hereunder, all of which shall be the sole responsibility of Consultant. Consultant
is solely responsible for the reporting and payment of, all pertinent federal, state, or local self-employment or income taxes, licensing
fees, or any other taxes or assessments levied by governmental authorities, as well as for all other liabilities or payments related
to those services. The Parties also acknowledge and agree that Consultant is not a licensed securities broker or salesperson, and that
Consultant will not be participating in, nor compensated for, any unlicensed securities sales activities other than those permitted under
any of the exemptions set forth in applicable securities laws.

 

Section
6. Relationship of the Parties.

 

		(a)	Consultant
                                            is retained by the Company only for the purposes of and to the extent set forth in this Agreement,
                                            and Consultant’ relation to the Company during the period of its engagement hereunder
                                            shall be that of an independent contractor. Consultant shall not, nor, as applicable, shall
                                            any of its agents, have employee status with the Company or be entitled to participate in
                                            any plans, arrangements or distributions by the Company pertaining to or in connection with
                                            any pension, stock, bonus, profit-sharing or similar benefits as may be available to the
                                            Company’s employees. Consultant shall be responsible for the reporting and payment
                                            of all income and self-employment taxes for all compensation paid to Consultant hereunder.

 

		(b)	This
                                            Agreement does not create a relationship of principal and agent, joint venture, partnership
                                            or employment between the Company and Consultant. Consultant’ engagement hereunder
                                            is not a franchise or business opportunity. Neither Party shall be liable for any obligations
                                            incurred by the other except as expressly provided herein.

 

		(c)	Consultant
                                            shall not have authority to enter into contracts binding the Company or to create any obligations
                                            or incur liabilities on behalf of the Company. Consultant shall not act or represent himself,
                                            directly or by implication, as an agent of the Company with any authority other than as set
                                            forth expressly in this Agreement.

 

		(d)	Any
                                            person hired by Consultant shall be the employee of Consultant and not of the Company, and
                                            all compensation, payroll taxes, facilities and related expenses for any such employee shall
                                            be the sole responsibility of Consultant.

 

		(e)	Consultant
                                            acknowledges that it is not an officer, director or agent of Company, it is not, and will
                                            not, be responsible for any management decisions on behalf of Company, and may not commit
                                            Company to any action. Company represents that Consultant does not have, through stock ownership
                                            or otherwise, the power neither to control Company, nor to exercise
any dominating influences over its management.

 

    	4

     

    

 

Section
7. Representations and Warranties.

 

		(a)	Representations
                                            and Warranties of the Company. Company represents and warrants hereunder that this Agreement
                                            and the transactions contemplated hereunder have been duly and validly authorized by all
                                            requisite corporate action; that Company has the full right, power and capacity to execute,
                                            deliver and perform its obligations hereunder; and that this Agreement, upon execution and
                                            delivery of the same by Company, will represent the valid and binding obligation of Company
                                            enforceable in accordance with its terms, subject to the application of bankruptcy, insolvency,
                                            reorganization, moratorium or other similar laws affecting the enforcement of creditors’
                                            rights generally and general principles of equity, regardless of whether enforceability is
                                            considered in a proceeding at law or in equity (the “Enforceability Exceptions”).
                                            The representations and warranties set forth herein shall survive the termination or expiration
                                            of this Agreement.

 

		(b)	Representations
                                            and Warranties of Consultant. Consultant represents and warrants hereunder that this
                                            Agreement and the transactions contemplated hereunder have been duly and validly authorized
                                            by all requisite action; that Consultant has the full right, power and capacity to execute,
                                            deliver and perform its obligations hereunder; and that this Agreement, upon execution and
                                            delivery of the same by Consultant, will represent the valid and binding obligation of Consultant
                                            enforceable in accordance with its terms, subject to the Enforceability Exceptions. Consultant
                                            represents and warrants that all personnel or agents of Consultant who perform any activities
                                            on behalf of the Company hereunder or otherwise are legally authorized and permitted to work
                                            in Japan and the United States and for the benefit of the Company hereunder. The representations
                                            and warranties set forth herein shall survive the termination or expiration of this Agreement
                                            The representations and warranties set forth herein shall survive the termination or expiration
                                            of this Agreement.

 

Section
8. Indemnification. In the event either Party is subject to any action, claim or proceeding resulting from the other’s gross
negligence or intentional breach of this Agreement, the Party at fault agrees to indemnify and hold harmless the other from any such
action, claim or proceeding. Indemnification shall include all fees, costs and reasonable attorneys’ fees that the indemnified
Party may incur. In claiming indemnification hereunder, the indemnified Party shall promptly provide the indemnifying Party written notice
of any claim that the indemnified Party reasonably believes falls within the scope of this Agreement. The indemnified Party may, at its
expense, assist in the defense if it so chooses, provided that the indemnifying Party shall control such defense, and all negotiations
relative to the settlement of any such claim. Any settlement intended to bind the indemnified Party shall not be final without the indemnified
Party’s written consent. Any liability of a Party and its officers, directors, controlling persons, employees or agents shall not
exceed the amount of fees actually paid to Consultant by the Company pursuant this Agreement.

 

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Section
9. Miscellaneous.

 

		(a)	Notices.
                                            All notices under this Agreement shall be in writing. Notices may be served by certified
                                            or registered mail, postage paid with return receipt requested; by private courier, prepaid;
                                            by other reliable form of electronic communication; or personally. Mailed notices shall be
                                            deemed delivered five (5) days after mailing, properly addressed. Couriered notices
shall be deemed delivered on the date that the courier warrants that delivery will occur. Electronic communication notices shall be deemed
delivered when receipt is either confirmed by confirming transmission equipment or acknowledged by the addressee or its office. Personal
delivery shall be effective when accomplished. Any Party may change its address by giving notice, in writing, stating its new address,
to the other Party. Subject to the forgoing, notices shall be sent as follows:

 

If
to the Consultant:

 

HeartCore Inc.

Attn:
Sumitaka Yamamoto

1-2-33-3,
Higashigotanda, Shinagawa-ku

Tokyo
1080022, Japan

Email:
kanno@heartcore.co.jp

 

With
a copy, which shall not constitute notice, to:

 

Anthony
L.G., PLLC

Attn:
John Cacomanolis

625
N. Flagler Drive, Suite 600

West Palm Beach, FL 33401

Email:
JCacomanolis@anthonypllc.com

 

If to the Company, to:

 

Metros
Development Co., Ltd.

Attn: Yoshihiro Koshiba

4-10-10-7,
Ginza, Chuoku

Tokyo
1040061Japan

Email:
koshiba@metros61.com

 

		(b)	Accuracy
                                            of Statements. Each Party represents and warrants that no representation or warranty
                                            contained in this Agreement, and no statement delivered or information supplied to the other
                                            Party pursuant hereto, contains an untrue statement of material fact or omits to state a
                                            material fact necessary in order to make the statements or information contained herein or
                                            therein not misleading. The representations and warranties made in this Agreement will be
                                            continued and will remain true and complete in all material respects and will survive the
                                            execution of the transactions contemplated hereby.

 

		(c)	Entire
                                            Agreement. This Agreement sets forth all the promises, covenants, agreements, conditions
                                            and understandings between the Parties, and supersedes all prior and contemporaneous agreements,
                                            understandings, inducements or conditions, expressed or implied, oral or written, except
                                            as herein or therein contained.

 

		(d)	Survival.
                                            The provisions of Section 8 and Section 9 of this Agreement, and any additional provisions
                                            as required to effect any of such Sections, shall survive any termination or expiration hereof,
                                            and provided that no expiration or termination of this Agreement shall excuse a Party for
                                            any liability for obligations arising prior to such expiration or termination.

 

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		(e)	Binding
                                            Effect; Assignment. This Agreement shall be binding upon and shall inure to the benefit
                                            of the Parties and their respective successors and permitted assigns. No Party shall have
                                            any power or any right to assign or transfer, in whole or in part, this Agreement, or any
                                            of its rights or any of its obligations hereunder, including, without limitation, any right
                                            to pursue any claim for damages pursuant to this Agreement or the transactions contemplated
                                            herein, or to pursue any claim for any breach or default of this Agreement, or any right
                                            arising from the purported assignor’s due performance of its obligations hereunder,
                                            without the prior written consent of the other Party and any such purported assignment in
                                            contravention of the provisions herein shall be null and void and of no force or effect.

 

		(f)	Amendment.
                                            The Parties hereby irrevocably agree that no attempted amendment, modification, termination,
                                            discharge or change (collectively, “Amendment”) of this Agreement shall be valid
                                            and effective, unless the Parties shall unanimously agree in writing to such Amendment.

 

		(g)	No
                                            Waiver. No waiver of any provision of this Agreement shall be effective unless it is
                                            in writing and signed by the Party against whom it is asserted, and any such written waiver
                                            shall only be applicable to the specific instance to which it relates and shall not be deemed
                                            to be a continuing or future waiver. No failure to exercise and no delay in exercising on
                                            the part of either of the Parties any right, power or privilege under this Agreement shall
                                            operate as a waiver of it, nor shall any single or partial exercise of any other right, power
                                            or privilege preclude any other or further exercise of its exercise of any other right, power
                                            or privilege

 

		(h)	Gender
                                            and Use of Singular and Plural. All pronouns shall be deemed to refer to the masculine,
                                            feminine, neuter, singular or plural, as the identity of the Party or Parties, or their personal
                                            representatives, successors and assigns may require.

 

		(i)	Headings.
                                            The article and section headings contained in this Agreement are inserted for convenience
                                            only and shall not affect in any way the meaning or interpretation of the Agreement.

 

		(j)	Governing
                                            Law; Etc.

 

		(i)	This
                                            Agreement, and all matters based upon, arising out of or relating in any way to the Transactions
                                            or the Transaction Documents, including all disputes, claims or causes of action arising
                                            out of or relating to the Transactions or the Transaction Documents as well as the interpretation,
                                            construction, performance and enforcement of the Transaction Documents, shall be governed
                                            by the laws of the United States and the State of Delaware, without regard to any jurisdiction’s
                                            conflict-of-laws principles.

 

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		(ii)	SUBJECT
                                            TO Section 9(k), ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT,
                                            THE OTHER TRANSACTION DOCUMENTS OR THE CONTEMPLATED TRANSACTIONS SHALL BE INSTITUTED SOLELY
                                            IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF CALIFORNIA,
IN EACH CASE LOCATED IN SANTA CLARA COUNTY, CALIFORNIA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS
IN ANY SUCH SUIT, ACTION OR PROCEEDING. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY
SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT,
ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

	 	(iii)	EACH
    PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
    PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS, THE PERFORMANCE THEREOF
    OR THE FINANCINGS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT
    NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,
    IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE 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 9(j)(iii).

 

		(iv)	Each
                                            of the Parties acknowledge that each has been represented in connection with the signing
                                            of this waiver by independent legal counsel selected by the respective Party and that such
                                            Party has discussed the legal consequences and import of this waiver with legal counsel.
                                            Each of the Parties further acknowledge that each has read and understands the meaning of
                                            this waiver and grants this waiver knowingly, voluntarily, without duress and only after
                                            consideration of the consequences of this waiver with legal counsel.

 

		(k)	Resolution
                                            of Disputes. Except as otherwise provided herein, all controversies, disputes or actions
                                            between the Parties arising out of this Agreement, including their respective Affiliates,
                                            owners, officers, directors, agents and employees, arising from or relating to this Agreement
                                            shall on demand of either Party be submitted for arbitration to in accordance with the rules
                                            and regulations of the American Arbitration Association. The arbitration shall be conducted
                                            by one arbitrator jointly selected by each Party who is a party to the Dispute, provided,
                                            however, that if such Parties are unable to agree on the identity of the arbitrator within
                                            10 Business Days of commencement of efforts to do so, each Party who is a party to the Dispute
                                            shall select one arbitrator and the arbitrators so selected shall select a final arbitrator,
                                            and the final arbitrator shall conduct the arbitration alone. The Parties agree that, in
                                            connection with any such arbitration proceeding, each shall submit or file any claim which
                                            would constitute a compulsory counterclaim (as defined by Rule 13 of the Federal Rules of
                                            Civil Procedures) within the same proceeding as the claim to which it relates.
Any such claim which is not submitted or filed in such proceeding shall be barred. The arbitrator shall be instructed to use every reasonable
effort to perform its services within seven days of request, and, in any case, as soon as practicable. The Parties agree to be bound
by the provisions of any limitation on the period of time by which claims must be brought under Delaware law or any applicable federal
law. The arbitrator(s) shall have the right to award the relief which he or she deems proper, consistent with the terms of this Agreement,
including compensatory damages (with interest on unpaid amounts from due date), injunctive relief, specific performance, legal damages
and costs. The award and decision of the arbitrator(s) shall be conclusive and binding on all Parties, and judgment upon the award may
be entered in any court of competent jurisdiction. Any right to contest the validity or enforceability of this award shall be governed
exclusively by the United States Arbitration Act. The arbitration shall be conducted in Los Altos, California. The provisions of this
Section 9(k) shall continue in full force and effect subsequent to and notwithstanding the expiration or termination of this Agreement.

 

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		(l)	Severability;
                                            Expenses; Further Assurances. If any term, condition or other provision of this Agreement
                                            is determined by a court of competent jurisdiction to be invalid, illegal or incapable of
                                            being enforced by any rule of law or public policy, all other terms, conditions and provisions
                                            of this Agreement shall nevertheless remain in full force and effect so long as the economic
                                            or legal substance of the transactions contemplated by this Agreement is not affected in
                                            any manner materially adverse to any Party. Upon such determination that any term or other
                                            provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate
                                            in good faith to modify this Agreement so as to effect the original intent of the Parties
                                            as closely as possible in a mutually acceptable manner in order that the transactions contemplated
                                            by this Agreement be consummated as originally contemplated to the fullest extent possible.
                                            Except as otherwise specifically provided in this Agreement, each Party shall be responsible
                                            for the expenses it may incur in connection with the negotiation, preparation, execution,
                                            delivery, performance and enforcement of this Agreement. The Parties shall from time to time
                                            do and perform any additional acts and execute and deliver any additional documents and instruments
                                            that may be required by Law or reasonably requested by any Party to establish, maintain or
                                            protect its rights and remedies under, or to effect the intents and purposes of, this Agreement.

 

		(m)	Specific
                                            Performance. Each Party agrees that irreparable damage would occur if any provision of
                                            this Agreement were not performed in accordance with the terms hereof and that each Party
                                            shall be entitled to seek specific performance of the terms hereof in addition to any other
                                            remedy at law or in equity.

 

		(n)	Attorneys’
                                            Fees. If any Party hereto is required to engage in litigation against any other Party,
                                            either as plaintiff or as defendant, in order to enforce or defend any rights under this
                                            Agreement, and such litigation results in a final judgment in favor of such Party (“Prevailing
                                            Party”), then the party or parties against whom said final judgment is obtained shall
                                            reimburse the Prevailing Party for all direct, indirect or incidental expenses incurred,
                                            including, but not limited to, all attorneys’ fees, court costs and other expenses
                                            incurred throughout all negotiations, trials or appeals undertaken in order to enforce the
                                            Prevailing Party’s rights hereunder.

 

		(o)	Parties
                                            in Interest. This Agreement shall be binding upon and inure solely to the benefit of each
Party, and nothing in this Agreement, express or implied, is intended to confer upon any other person or entity any rights or remedies
of any nature whatsoever under or by reason of this Agreement other than as specifically set forth herein.

 

		(p)	Execution
                                            in Counterparts, Electronic Transmission. This Agreement may be executed in multiple
                                            counterparts, each of which shall be deemed an original and all of which taken together shall
                                            be but a single instrument. Counterparts may be delivered via facsimile, electronic mail
                                            (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000,
                                            e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall
                                            be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[Signatures
appear on following page]

 

    	9

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

 

	 	HeartCore Inc.
	 	 	 
	 	By:	/s/ Sumitaka Yamamoto
	 	Name: 	Sumitaka Yamamoto
	 	Title:	Chief Executive Officer
	 	 	 
	 	Metros Development Co., Ltd.
	 	 	 
	 	By:	/s/ Yoshihiro Koshiba
	 	Name:	Yoshihiro
Koshiba
	 	Title:	Chief Executive Officer

 

    	10Exhibit
10.4

 

EITHER
THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON
EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

COMMON
STOCK PURCHASE WARRANT

 

Metros
Development Co., Ltd.

 

	Warrant
                                            Shares: 490, subject to

    adjustment
    as set forth herein.
	Issuance
    Date: October 20, 2022

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, HeartCore Inc., a Japanese corporation,
or its registered assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions
hereinafter set forth, at any time on or after the Trigger Date (as defined below) and on or prior to the close of business on the tenth
anniversary of the Trigger Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Metros Development
Co., Ltd., a Japanese corporation (the “Company”), the number of shares of capital stock (the “Common Stock”)
of the Company (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one share of Common Stock
under this Warrant shall be equal to the Exercise Price, as defined in Section 2.

 

Section
1. Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Consulting
and Services Agreement dated as of the issuance date as set forth above (the “Issuance Date”) between the Company and the
Holder (the “Consulting Agreement”).

 

    	 

     

    

 

Section
2. Exercise.

 

	 	(a)	Exercise
    of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the date that
    either (i) the Company completes its first initial public offering of stock in the United States resulting in any class of the Company’s
    stock being listed for trading on any tier of the NASDAQ Stock Market, the New York Stock Exchange or the NYSE American (the “IPO”)
    or (ii) the Company undertakes any other Fundamental Transaction, as defined below, (as applicable, the “Trigger Date”),
    and on or before the Termination Date by delivery to the Company (or such other office or agency of the Company as it may designate
    by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company) of a duly executed
    facsimile copy of the Notice of Exercise Form attached hereto. Within two (2) Trading Days (as defined below) following the date
    of aforesaid exercise, the Holder shall deliver the aggregate Exercise Price (if the exercise is pursuant to Section 2(b)) for the
    shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank specified
    in the applicable Notice of Exercise. Notwithstanding anything herein to the contrary (although the Holder may surrender the Warrant
    to, and receive a replacement Warrant from, the Company), the Holder shall not be required to physically surrender this Warrant to
    the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full,
    in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date
    the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of
    the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares
    purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain
    records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to
    any Notice of Exercise Form within two (2) Trading Days of delivery of such notice. The Holder and any assignee, by acceptance
    of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of
    the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the
    amount stated on the face hereof. For purposes herein, the term “Trading Day” means any day that shares of Common
    Stock are listed for trading or quotation on any tier of the NASDAQ Stock Market, the New York Stock Exchange or the NYSE American.

 

		(b)	Exercise
                                            Price. The exercise price per share of the Common Stock under this Warrant shall be $0.01,
                                            subject to adjustment as described herein (as applicable, the “Exercise Price”).

 

		(c)	Cashless
                                            Exercise. In the event that there is no effective registration statement registering
                                            the Warrant Shares, or no current prospectus available for the resale of the Warrant Shares
                                            by the Holder, then this Warrant may also be exercised at the Holder’s election, in
                                            whole or in part, at such time by means of a “cashless exercise” in which the
                                            Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained
                                            by dividing [(A-B) * (X)] by (A), where:

 

(A)
= the Market Price (as defined below) on the Trading Day immediately preceding the date on which Holder elects to exercise this Warrant
by means of a “cashless exercise,” as set forth in the applicable Notice of Exercise, where the “Market Price”
equals the highest traded price of the Common Stock during the one hundred fifty (150) Trading Days prior to the date of the respective
Exercise Notice;

 

(B)
= the Exercise Price of this Warrant, as adjusted hereunder; and

 

(X)
= the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such
exercise were by means of a cash exercise rather than a cashless exercise.

 

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Notwithstanding
anything herein to the contrary, on the Termination Date, unless the Holder notifies the Company otherwise, if there is no effective
registration statement registering the Warrant Shares, or no current prospectus available for, the resale of the Warrant Shares by the
Holder, then this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c); provided however, that
if the automatic exercise contemplated under this Section shall result in a conflict with the beneficial ownership limitations of Section
2(f), the Termination Date shall be extended so long as necessary to provide for full exercise of the Warrant under this Section 2(e).

 

		(d)	Anti-Dilution
                                            Adjustments to Exercise Price. If the Company or any Subsidiary (as defined below) thereof,
                                            as applicable, at any time while this Warrant is outstanding, shall sell or grant any option
                                            to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or
                                            announce any offer, sale, grant or any option to purchase or other disposition) any Common
                                            Stock or securities entitling any person or entity (for purposes of clarification, including
                                            but not limited to the Holder pursuant to (i) any other security of the Company issued to
                                            Holder on or after the Issuance Date or (ii) any other agreement entered into between the
                                            Company and Holder) to acquire shares of Common Stock (upon conversion, exercise or otherwise),
                                            at an effective price per share less than the then Exercise Price (such lower price, the
                                            “Base Share Price” and such issuances collectively, a “Dilutive Issuance”)
                                            (if the holder of the Common Stock or Common Stock Equivalents (as defined below) so issued
                                            shall at any time, whether by operation of purchase price adjustments, elimination of an
                                            applicable floor price for any reason in the future (including but not limited to the passage
                                            of time or satisfaction of certain condition(s)), reset provisions, floating conversion,
                                            exercise or exchange prices or otherwise, or due to warrants, options or rights per share
                                            which are issued in connection with such issuance, be entitled or potentially entitled to
                                            receive shares of Common Stock at an effective price per share which is less than the Exercise
                                            Price at any time while such Common Stock or Common Stock Equivalents are in existence, such
                                            issuance shall be deemed to have occurred for less than the Exercise Price on such date of
                                            the Dilutive Issuance (regardless of whether the Common Stock or Common Stock Equivalents
                                            are (i) subsequently redeemed or retired by the Company after the date of the Dilutive Issuance
                                            or (ii) actually converted or exercised at such Base Share Price), then the Exercise Price
                                            shall be reduced at the option of the Holder and only reduced to equal the Base Share Price.
                                            Such adjustment shall be made whenever such Common Stock or Common Stock Equivalents are
                                            issued, regardless of whether the Common Stock or Common Stock Equivalents are (i) subsequently
                                            redeemed or retired by the Company after the date of the Dilutive Issuance or (ii) actually
                                            converted or exercised at such Base Share Price by the holder thereof (for the avoidance
                                            of doubt, the Holder may utilize the Base Share Price even if the Company did not actually
                                            issue shares of its common stock at the Base Share Price under the respective Common stock
                                            Equivalents). The Company shall notify the Holder in writing, no later than the Trading Day
                                            following the issuance of any Common Stock or Common Stock Equivalents subject to this Section
                                            2(d), indicating therein the applicable issuance price, or applicable reset price, exchange
                                            price, conversion price and other pricing terms (such notice the “Dilutive Issuance
                                            Notice”). For purposes of clarification, whether or not the Company provides a Dilutive
                                            Issuance Notice pursuant to this Section 2(d), upon the occurrence of any Dilutive Issuance,
                                            after the date of such Dilutive Issuance the Holder is entitled to receive a number of Warrant
                                            Shares based upon the Base Share Price regardless of whether the Holder accurately refers
                                            to the Base Share Price in the Notice of Exercise. “Common Stock Equivalents”
                                            means any securities of the Company or the Subsidiaries which would entitle the holder thereof
                                            to acquire at any time Common Stock, including, without limitation, any debt, preferred stock,
                                            right, option, warrant or other instrument that is at any time convertible into or exercisable
                                            or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock. For
                                            purposes herein, “Subsidiaries” means any corporation or other organization,
                                            whether incorporated or unincorporated, in which the Company owns, directly or indirectly,
                                            any equity or other ownership interest.

 

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		(e)	Mechanics
                                            of Exercise.

 

		(i)	Delivery
                                            of Certificates Upon Exercise. Certificates for shares purchased hereunder shall be transmitted
                                            by the Company’s then-engaged transfer agent (the “Transfer Agent”) to
                                            the Holder by crediting the account of the Holder’s prime broker with The Depository
                                            Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”)
                                            if the Company is then a participant in such system and there is an effective registration
                                            statement permitting the issuance of the Warrant Shares to, or resale of the Warrant Shares,
                                            by the Holder and otherwise by physical delivery to the address specified by the Holder in
                                            the Notice of Exercise by the date that is two (2) Trading Days after the delivery to the
                                            Company of the Notice of Exercise, (such date, the “Warrant Share Delivery Date”).
                                            The Warrant Shares shall be deemed to have been issued, and Holder or any other person so
                                            designated to be named therein shall be deemed to have become a holder of record of such
                                            shares for all purposes, as of the date the Warrant has been exercised, with payment to the
                                            Company of the Exercise Price and all taxes required to be paid by the Holder, if any, prior
                                            to the issuance of such shares, having been paid. The Company understands that a delay in
                                            the delivery of the Warrant Shares after the Warrant Share Delivery Date could result in
                                            economic loss to the Holder. As compensation to the Holder for such loss, the Company agrees
                                            to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant
                                            Shares upon exercise of this Warrant the amount of $500.00 per Trading Day. The Company shall
                                            pay any payments incurred under this Section 2(e) in immediately available funds, or shares
                                            of Common Stock of the Company, in the Holder’s discretion, upon demand. Furthermore,
                                            in addition to any other remedies which may be available to the Holder, in the event that
                                            the Company fails for any reason to effect delivery of the Warrant Shares by the Warrant
                                            Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise by
                                            delivery of a notice to such effect to the Company, whereupon the Company and the Holder
                                            shall each be restored to their respective positions immediately prior to the exercise of
                                            the relevant portion of this Warrant, except that the liquidated damages described above
                                            shall be payable through the date notice of revocation or rescission is given to the Company.

 

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		(ii)	Delivery
                                            of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the
                                            Company shall, at the request of Holder and upon surrender of this Warrant certificate, at
                                            the time of delivery of the certificate or certificates representing Warrant Shares, deliver
                                            to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased
                                            Warrant Shares called for by this Warrant, which new Warrant shall in all other respects
                                            be identical with this Warrant.

 

		(iii)	Rescission
                                            Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder a
                                            certificate or the certificates representing the Warrant Shares by the Warrant Share Delivery
                                            Date, then the Holder will have the right, at any time prior to issuance of such Warrant
                                            Shares, to rescind such exercise.

 

		(iv)	Compensation
                                            for Buy-In on Failure to Timely Deliver Certificates Upon Exercise. In addition to any
                                            other rights available to the Holder, if the Company fails to cause the Transfer Agent to
                                            transmit to the Holder a certificate or the certificates representing the Warrant Shares
                                            pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date
                                            the Holder is required by its broker to purchase (in an open market transaction or otherwise),
                                            or the Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver
                                            in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated
                                            receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in
                                            cash to the Holder the amount, if any, by which (x) the Holder’s total purchase price
                                            (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds
                                            (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company
                                            was required to deliver to the Holder in connection with the exercise at issue times (2)
                                            the price at which the sell order giving rise to such purchase obligation was executed, and
                                            (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent
                                            number of Warrant Shares for which such exercise was not honored (in which case such exercise
                                            shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock
                                            that would have been issued had the Company timely complied with its exercise and delivery
                                            obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase
                                            price of $11,000.00 to cover a Buy-In with respect to an attempted exercise of shares of
                                            Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000.00,
                                            under clause (A) of the immediately preceding sentence the Company shall be required to pay
                                            the Holder $1,000.00. The Holder shall provide the Company written notice indicating the
                                            amounts payable to the Holder in respect of the Buy-In and, upon request of the Company,
                                            evidence of the amount of such loss. Nothing herein shall limit Holder’s right to pursue
                                            any other remedies available to it hereunder, at law or in equity including, without limitation,
                                            a decree of specific performance and/or injunctive relief with respect to the Company’s
                                            failure to timely deliver certificates representing shares of Common Stock upon exercise
                                            of the Warrant as required pursuant to the terms hereof.

 

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		(v)	No
                                            Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares
                                            shall be issued upon the exercise of this Warrant. As to any fraction of a share which the
                                            Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at
                                            its election, either pay a cash adjustment in respect of such final fraction in an amount
                                            equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

 

		(vi)	Charges,
                                            Taxes and Expenses. Issuance of certificates for Warrant Shares shall be made without
                                            charge to the Holder for any issue or transfer tax or other incidental expense in respect
                                            of the issuance of such certificate, all of which taxes and expenses shall be paid by the
                                            Company, and such certificates shall be issued in the name of the Holder or in such name
                                            or names as may be directed by the Holder; provided, however, that in the event certificates
                                            for Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant
                                            when surrendered for exercise shall be accompanied by the Assignment Form attached hereto
                                            duly executed by the Holder and the Company may require, as a condition thereto, the payment
                                            of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company
                                            shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

 

		(vii)	Closing
                                            of Books. The Company will not close its stockholder books or records in any manner which
                                            prevents the timely exercise of this Warrant, pursuant to the terms hereof.

 

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		(f)	Holder’s
                                            Exercise Limitations. From and after the date that the Warrant Shares are of a class
                                            of equity of the borrower registered under Section 12(g) of the Exchange Act or the Company
                                            is subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act,
                                            the Company shall not effect any exercise of this Warrant, and Holder shall not have the
                                            right to exercise any portion of this Warrant, to the extent that after giving effect to
                                            such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder
                                            (together with the Holder’s affiliates, and any other Persons acting as a group together
                                            with the Holder or any of the Holder’s affiliates), would beneficially own in excess
                                            of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing
                                            sentence, the number of shares of Common Stock beneficially owned by the Holder and its affiliates
                                            shall include the number of shares of Common Stock issuable upon exercise of this Warrant
                                            with respect to which such determination is being made, but shall exclude the number of shares
                                            of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised
                                            portion of this Warrant beneficially owned by the Holder or any of its affiliates and (ii)
                                            exercise or conversion of the unexercised or nonconverted portion of any other securities
                                            of the Company (including, without limitation, any other Common Stock Equivalents) subject
                                            to a limitation on conversion or exercise analogous to the limitation contained herein beneficially
                                            owned by the Holder or any of its affiliates. Except as set forth in the preceding sentence,
                                            for purposes of this Section 2(f), beneficial ownership shall be calculated in accordance
                                            with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder,
                                            it being acknowledged by the Holder that the Company is not representing to the Holder that
                                            such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is
                                            solely responsible for any schedules required to be filed in accordance therewith. To the
                                            extent that the limitation contained in this Section 2(f) applies, the determination of whether
                                            this Warrant is exercisable (in relation to other securities owned by the Holder together
                                            with any affiliates) and of which portion of this Warrant is exercisable shall be in the
                                            sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed
                                            to be the Holder’s determination of whether this Warrant is exercisable (in relation
                                            to other securities owned by the Holder together with any affiliates) and of which portion
                                            of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation,
                                            and the Company shall have no obligation to verify or confirm the accuracy of such determination.
                                            In addition, a determination as to any group status as contemplated above shall be determined
                                            in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated
                                            thereunder. For purposes of this Section 2(f), in determining the number of outstanding shares
                                            of Common Stock, Holder may rely on the number of outstanding shares of Common Stock as reflected
                                            in (A) the Company’s most recent periodic or annual report filed with the Commission,
                                            as the case may be, (B) a more recent public announcement by the Company or (C) a more recent
                                            written notice by the Company or the Transfer Agent setting forth the number of shares of
                                            Common Stock outstanding. Upon the written or oral request of Holder, the Company shall within
                                            two Trading Days confirm orally and in writing to the Holder the number of shares of Common
                                            Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall
                                            be determined after giving effect to the conversion or exercise of securities of the Company,
                                            including this Warrant, by the Holder or its affiliates since the date as of which such number
                                            of outstanding shares of Common Stock was reported. The “Beneficial Ownership Limitation”
                                            shall be 9.99% of the number of shares of the Common Stock outstanding immediately after
                                            giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant.
                                            The Holder may decrease the Beneficial Ownership Limitation at any time and the Holder, upon
                                            not less than sixty-one (61) days’ prior notice to the Company, may increase or waive
                                            the Beneficial Ownership Limitation provisions of this Section 2(f), provided that any such
                                            increase or waiver will not be effective until the 61st day after such notice
                                            is delivered to the Company. The provisions of this paragraph shall be construed and implemented
                                            in a manner otherwise than in strict conformity with the terms of this Section 2(f) to correct
                                            this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
                                            Beneficial Ownership Limitation herein contained or to make changes or supplements necessary
                                            or desirable to properly give effect to such limitation. The limitations contained in this
                                            paragraph shall apply to a successor holder of this Warrant.

 

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Section
3. Certain Adjustments.

 

		(a)	Stock
                                            Dividends and Splits. If the Company, at any time while this Warrant is outstanding:
                                            (i) pays a stock dividend or otherwise makes a distribution or distributions on shares of
                                            its Common Stock or any other equity or equity equivalent securities payable in shares of
                                            Common Stock; (ii) subdivides outstanding shares of Common Stock into a larger number of
                                            shares; (iii) combines (including by way of reverse stock split) outstanding shares of Common
                                            Stock into a smaller number of shares; or (iv) issues by reclassification of shares of the
                                            Common Stock any shares of capital stock of the Company, then in each case the Exercise Price
                                            shall be multiplied by a fraction of which the numerator shall be the number of shares of
                                            Common Stock (excluding treasury shares, if any) outstanding immediately before such event
                                            and of which the denominator shall be the number of shares of Common Stock outstanding immediately
                                            after such event, and the number of shares issuable upon exercise of this Warrant shall be
                                            proportionately adjusted such that the aggregate Exercise Price of this Warrant shall remain
                                            unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately
                                            after the record date for the determination of stockholders entitled to receive such dividend
                                            or distribution and shall become effective immediately after the effective date in the case
                                            of a subdivision, combination or re-classification.

 

		(b)	Fundamental
                                            Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly
                                            or indirectly, in one or more related transactions effects any merger or consolidation of
                                            the Company with or into another Person, (ii) the Company, directly or indirectly, effects
                                            any sale, lease, license, assignment, transfer, conveyance or other disposition of all or
                                            substantially all of its assets in one or a series of related transactions, (iii) any, direct
                                            or indirect, purchase offer, tender offer or exchange offer (whether by the Company or another
                                            Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender
                                            or exchange their shares for other securities, cash or property and has been accepted by
                                            the holders of 50% or more of the outstanding shares of Common Stock, (iv) the Company, directly
                                            or indirectly, in one or more related transactions effects any reclassification, reorganization
                                            or recapitalization of the Common Stock or any compulsory share exchange pursuant to which
                                            the Common Stock is effectively converted into or exchanged for other securities, cash or
                                            property, or (v) the Company, directly or indirectly, in one or more related transactions
                                            consummates a stock or share purchase agreement or other business combination (including,
                                            without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement)
                                            with another Person or group of Persons whereby such other Person or group acquires more
                                            than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock
                                            held by the other Person or other Persons making or party to, or associated or affiliated
                                            with the other Persons making or party to, such stock or share purchase agreement or other
                                            business combination) (each a “Fundamental Transaction”), then, upon any subsequent
                                            exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share
                                            that would have been issuable upon such exercise immediately prior to the occurrence of such
                                            Fundamental Transaction, at the option of the Holder, the number of shares of common stock
                                            of the successor or acquiring corporation (the “Successor Entity”), of the Company,
                                            if it is the surviving corporation, and any additional consideration (the “Alternate
                                            Consideration”) receivable as a result of such Fundamental Transaction by a holder
                                            of the number of shares of Common Stock for which this Warrant is exercisable immediately
                                            prior to such Fundamental Transaction, and any references herein to the “Company”,
                                            whether standing alone or as a part of any other defined term, shall be deemed a reference
                                            to the successor or acquiring corporation in the Fundamental Transaction, or the Company
                                            if it is the surviving corporation, and this Warrant shall be so exercisable with respect
                                            to the Successor Entity or the Company, as applicable. For purposes of any such exercise,
                                            the determination of the Exercise Price shall be appropriately adjusted to apply to such
                                            Alternate Consideration based on the amount of Alternate Consideration issuable in respect
                                            of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion
                                            the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the
                                            relative value of any different components of the Alternate Consideration. If holders of
                                            Common Stock are given any choice as to the securities, cash or property to be received in
                                            a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate
                                            Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction.
                                            If so requested by the Company, the Successor Entity or the Holder, each of the Company,
                                            the Successor Entity and the Holder shall reasonably cooperate to execute and deliver such
                                            agreements and documents as required to effect the intent of the provisions of this Section
                                            3(b).

 

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		(c)	Voluntary
                                            Reduction. The Company may unilaterally reduce the Exercise Price at any time.

 

		(d)	Calculations.
                                            All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th
                                            of a share, as the case may be. For purposes of this Section 3, the number of shares of Common
                                            Stock deemed to be issued and outstanding as of a given date shall be the sum of the number
                                            of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

		(e)	Notice
                                            to Holder.

 

		(i)	Adjustment
                                            to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision
                                            in this Warrant, the Company shall promptly mail to the Holder a notice setting forth the
                                            Exercise Price after such adjustment and any resulting adjustment to the number of Warrant
                                            Shares and setting forth a brief statement of the facts requiring such adjustment.

 

		(ii)	Notice
                                            to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other
                                            distribution in whatever form) on the Common Stock; (B) the Company shall declare a special
                                            nonrecurring cash dividend on, or a redemption of, the Common Stock; (C) the Company shall
                                            authorize the granting to all holders of the Common Stock rights or warrants to subscribe
                                            for or purchase any shares of capital stock of any class or of any rights; (D) the approval
                                            of any stockholders of the Company shall be required in connection with any reclassification
                                            of the Common Stock, any consolidation or merger to which the Company is a party, any sale
                                            or transfer of all or substantially all of the assets of the Company, or any compulsory share
                                            exchange whereby the Common Stock is converted into other securities; or (E) the Company
                                            shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the
                                            affairs of the Company, then, in each case, to the extent that such information constitutes
                                            material non-public information (as determined in good faith by the Company) the Company
                                            shall follow the procedure described the Consulting Agreement and shall deliver to the Holder
                                            at its last address as it shall appear upon the Warrant Register of the Company, at least
                                            twenty (20) calendar days prior to the applicable record or effective date hereinafter specified,
                                            a notice stating (x) the date on which a record is to be taken for the purpose of such dividend,
                                            distribution, redemption, rights or warrants, or if a record is not to be taken, the date
                                            as of which the holders of the Common Stock of record to be entitled to such dividend, distributions,
                                            redemption, rights or warrants are to be determined or (y) the date on which such reclassification,
                                            consolidation, merger, sale, transfer or share exchange is expected to become effective or
                                            close, and the date as of which it is expected that holders of the Common Stock of record
                                            shall be entitled to exchange their shares of the Common Stock for securities, cash or other
                                            property deliverable upon such reclassification, consolidation, merger, sale, transfer or
                                            share exchange; provided that the failure to mail such notice or any defect therein or in
                                            the mailing thereof shall not affect the validity of the corporate action required to be
                                            specified in such notice. To the extent that any notice provided hereunder constitutes, or
                                            contains, material, non-public information regarding the Company or any of the Subsidiaries,
                                            the Company shall simultaneously file such notice with the SEC pursuant to a Current Report
                                            on Form 8-K. The Holder shall remain entitled to exercise this Warrant during the period
                                            commencing on the date of such notice to the effective date of the event triggering such
                                            notice except as may otherwise be expressly set forth herein.

 

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Section
4. Transfer of Warrant.

 

		(a)	Transferability.
                                            Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder
                                            (including, without limitation, any registration rights) are transferable, in whole or in
                                            part, upon surrender of this Warrant at the principal office of the Company or its designated
                                            agent, together with a written assignment of this Warrant substantially in the form attached
                                            hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any
                                            transfer taxes payable upon the making of such transfer. Upon such surrender and, if required,
                                            such payment, the Company shall execute and deliver a new Warrant or Warrants in the name
                                            of the assignee or assignees, as applicable, and in the denomination or denominations specified
                                            in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing
                                            the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled.
                                            The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder
                                            for the purchase of Warrant Shares without having a new Warrant issued.

 

		(b)	New
                                            Warrants. Subject to compliance with all applicable securities laws, this Warrant may
                                            be divided or combined with other Warrants upon presentation hereof at the aforesaid office
                                            of the Company, together with a written notice specifying the names and denominations in
                                            which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject
                                            to compliance with Section 4(a), as to any transfer which may be involved in such division
                                            or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange
                                            for the Warrant or Warrants to be divided or combined in accordance with such notice. All
                                            Warrants issued on transfers or exchanges shall be dated the initial issuance date of this
                                            Warrant and shall be identical with this Warrant except as to the number of Warrant Shares
                                            issuable pursuant thereto.

 

		(c)	Warrant
                                            Register. The Company shall register this Warrant, upon records to be maintained by the
                                            Company for that purpose (the “Warrant Register”), in the name of the record
                                            Holder hereof from time to time. The Company may deem and treat the registered Holder of
                                            this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution
                                            to the Holder, and for all other purposes, absent actual notice to the contrary.

 

    	10

     

    

 

Section
5. Restructuring.

 

		(a)	New
                                            Entity. In addition to the provisions of Section 3(b), the Company and the Holder acknowledge
                                            and agree that, in connection with an IPO, it is expected that the Company will create a
                                            new corporation in the United States, which is expected to be in the State of Delaware (“Newco”),
                                            to undertake the IPO, and in which event the Company is expected to be acquired by, or merge
                                            with, Newco or a subsidiary of Newco, such that Newco will be the entity that completes the
                                            IPO (the “IPO Restructuring”).

 

		(b)	Holder
                                            Election. In the event that the IPO Restructuring is completed prior to the full exercise
                                            of this Warrant, or in the event that a Fundamental Transaction occurs prior to the full
                                            exercise of this Warrant, the Holder, in its sole discretion and as evidenced by written
                                            notice to the Company at any time prior to the Trigger Date, shall have the right to elect
                                            to cause the Company and Newco, or the Company and the Successor Entity, as applicable, to
                                            issue to Holder a new warrant of Newco or the Successor Entity (as applicable, the “Replacement
                                            Issuer”) to replace this Warrant (the “New Warrant”), which New Warrant
                                            shall be issued prior to the completion of the IPO or at the time of the closing of the Fundamental
                                            Transaction, as applicable.

 

		(c)	New
                                            Warrant. The New Warrant shall be substantially in the form of this Warrant (other than
                                            the last sentence of Section 6(e) shall be omitted, and such additional changes as reasonably
                                            required to reflect the Replacement Issuer as the issuer shall be made), and shall provide
                                            for the acquisition of the stock of the Replacement Issuer which is subject to the IPO, and
                                            will be for a number of shares of the Replacement Issuer comprising the number of shares
                                            of the Replacement Issuer into which 1% of the shares of the Company as of the Issuance Date
                                            as set forth above were converted or exchanged in the IPO Restructuring or the Fundamental
                                            Transaction, as applicable, less any proportion of this Warrant which has been exercised
                                            as of the time of the issuance of the New Warrant. By way of example and not limitation,
                                            in the event that this Warrant was initially exercisable for 1,000 shares of the Company
                                            and the Company had 100,000 shares outstanding, and assuming no portion of this Warrant had
                                            been exercised, if all 100,000 shares of the Company were converted or exchanged in an IPO
                                            Restructuring for 1,000,000 shares of Newco, the New Warrant would be exercisable for 10,000
                                            shares of Newco. The New Warrant shall be governed by the laws of the jurisdiction of organization
                                            of the Replacement Issuer. Upon any issuance of the New Warrant, this Warrant shall thereafter
                                            be null and void.

 

		(d)	Non-Circumvention.
                                            The intent of the provisions of this Section 5 is that the Holder will be entitled to acquire
                                            shares of stock in the entity in which or through which the Company consummates the IPO or
                                            the Fundamental Transaction, as applicable, whether being the Company or the Replacement
                                            Issuer, and the Company shall not undertake any actions or fail to take any actions which
                                            would reasonably be expected to frustrate such intent, and shall take such actions as reasonably
                                            required to effect such intent.

 

Section
6. Miscellaneous.

 

		(a)	No
                                            Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any
                                            voting rights, dividends or other rights as a stockholder of the Company prior to the exercise
                                            hereof as set forth herein.

 

    	11

     

    

 

		(b)	Loss,
                                            Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt
                                            by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
                                            or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and
                                            in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
                                            it (which shall not include the posting of any bond), and upon surrender and cancellation
                                            of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new
                                            Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of
                                            such Warrant or stock certificate.

 

		(c)	Saturdays,
                                            Sundays, Holidays, etc. If the last or appointed day for the taking of any action or
                                            the expiration of any right required or granted herein shall not be a Trading Day, then,
                                            such action may be taken or such right may be exercised on the next succeeding Trading Day.

 

		(d)	Authorized
                                            Shares. The Company covenants that, during the period the Warrant is outstanding, it
                                            will reserve from its authorized and unissued Common Stock a sufficient number of shares
                                            to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights
                                            under this Warrant, which number shall be at least 300% of the number of Warrant Shares to
                                            be issued upon exercise of this Warrant. The Company further covenants that its issuance
                                            of this Warrant shall constitute full authority to its officers who are charged with the
                                            duty of executing stock certificates to execute and issue the necessary certificates for
                                            the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
                                            will take all such reasonable action as may be necessary to assure that such Warrant Shares
                                            may be issued as provided herein without violation of any applicable law or regulation, or
                                            of any requirements of the trading market upon which the Common Stock may be listed. The
                                            Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase
                                            rights represented by this Warrant will, upon exercise of the purchase rights represented
                                            by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized,
                                            validly issued, fully paid and non-assessable and free from all taxes, liens and charges
                                            created by the Company in respect of the issue thereof (other than taxes in respect of any
                                            transfer occurring contemporaneously with such issue). Except and to the extent as waived
                                            or consented to by the Holder, the Company shall not by any action, including, without limitation,
                                            amending its certificate of incorporation or through any reorganization, transfer of assets,
                                            consolidation, merger, dissolution, issue or sale of securities or any other voluntary action,
                                            avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
                                            but will at all times in good faith assist in the carrying out of all such terms and in the
                                            taking of all such actions as may be necessary or appropriate to protect the rights of Holder
                                            as set forth in this Warrant against impairment. Without limiting the generality of the foregoing,
                                            the Company will (i) not increase the par value of any Warrant Shares above the amount payable
                                            therefor upon such exercise immediately prior to such increase in par value; (ii) take all
                                            such action as may be necessary or appropriate in order that the Company may validly and
                                            legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant;
                                            and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions
                                            or consents from any public regulatory body having jurisdiction thereof, as may be, necessary
                                            to enable the Company to perform its obligations under this Warrant. Before taking any action
                                            which would result in an adjustment in the number of Warrant Shares for which this Warrant
                                            is exercisable or in the Exercise Price, the Company shall obtain all such authorizations
                                            or exemptions thereof, or consents thereto, as may be necessary from any public regulatory
                                            body or bodies having jurisdiction thereof. Failure to maintain sufficient shares for exercise
                                            of the Warrant, shall constitute an Event of Default under the Consulting Agreement and Holder
                                            shall be able to rely on any applicable default remedies thereunder.

 

    	12

     

    

 

		(e)	Governing
                                            Law and Jurisdiction. This Warrant shall be governed by and construed in accordance with
                                            the laws of the State of Delaware without regard to principles of conflicts of laws. All
                                            questions concerning jurisdiction, venue and the construction, validity, enforcement and
                                            interpretation of this Warrant shall be determined in accordance with the provisions of the
                                            Consulting Agreement. Notwithstanding the foregoing, to the extent that the laws of Japan
                                            are required to apply hereto in order to give effect hereto, the laws of Japan shall so apply.

 

		(f)	Restrictions.
                                            The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant,
                                            if not registered, will have restrictions upon resale imposed by state and federal securities
                                            laws.

 

		(g)	Non-waiver
                                            and Expenses. No course of dealing or any delay or failure to exercise any right hereunder
                                            on the part of Holder shall operate as a waiver of such right or otherwise prejudice the
                                            Holder’s rights, powers or remedies. Without limiting any other provision of this Warrant
                                            or the Consulting Agreement, if the Company fails to comply with any provision of this Warrant,
                                            which results in any material damages to the Holder, the Company shall pay to the Holder
                                            such amounts as shall be sufficient to cover any costs and expenses including, but not limited
                                            to, reasonable attorneys’ fees, including those of appellate proceedings, incurred
                                            by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any
                                            of its rights, powers or remedies hereunder.

 

		(h)	Notices.
                                            Any notice, request or other document required or permitted to be given or delivered to the
                                            Holder by the Company shall be delivered in accordance with the notice provisions of the
                                            Consulting Agreement.

 

		(i)	Limitation
                                            of Liability. No provision hereof, in the absence of any affirmative action by the Holder
                                            to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights
                                            or privileges of the Holder, shall give rise to any liability of the Holder for the purchase
                                            price of any Common Stock or as a stockholder of the Company, whether such liability is asserted
                                            by the Company or by creditors of the Company.

 

		(j)	Remedies.
                                            The Holder, in addition to being entitled to exercise all rights granted by law, including
                                            recovery of damages, will be entitled to specific performance of its rights under this Warrant.
                                            The Company agrees that monetary damages would not be adequate compensation for any loss
                                            incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
                                            to waive and not to assert the defense in any action for specific performance that a remedy
                                            at law would be adequate.

 

		(k)	Successors
                                            and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations
                                            evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted
                                            assigns of the Company and the successors and permitted assigns of Holder. The provisions
                                            of this Warrant are intended to be for the benefit of any Holder from time to time of this
                                            Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

 

    	13

     

    

 

		(l)	Amendment.
                                            Other than as specifically set forth herein, this Warrant may be modified or amended or the
                                            provisions hereof waived only with the written consent of the Company and the Holder.

 

		(m)	Severability.
                                            Wherever possible, each provision of this Warrant shall be interpreted in such manner as
                                            to be effective and valid under applicable law, but if any provision of this Warrant shall
                                            be prohibited by or invalid under applicable law, such provision shall be ineffective to
                                            the extent of such prohibition or invalidity, without invalidating the remainder of such
                                            provisions or the remaining provisions of this Warrant.

 

		(n)	Headings.
                                            The headings used in this Warrant are for the convenience of reference only and shall not,
                                            for any purpose, be deemed a part of this Warrant.

 

		(o)	Execution
                                            in Counterparts, Electronic Transmission. This Warrant may be executed in multiple counterparts,
                                            each of which shall be deemed an original and all of which taken together shall be but a
                                            single instrument. Counterparts may be delivered via facsimile, electronic mail (including
                                            pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
                                            www.docusign.com) or other transmission method and any counterpart so delivered shall be
                                            deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[Signatures
appear on following page]

 

    	14

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of Issuance Date.

 

	 	 	Metros
    Development Co., Ltd.
	 	 	 	 
	 	 	By:	/s/
    Yoshihiro Koshiba
	 	 	Name:
    	Yoshihiro
    Koshiba
	 	 	Title:	Chief
    Executive Officer
	 	 	 	 
	Agreed
    and accepted:	 	 
	 	 	 
	HeartCore
    Inc.	 	 
	 	 	 	 
	By:	/s/
    Sumitaka Yamamoto	 	 
	Name:
    	Sumitaka
    Yamamoto	 	 
	Title:	Chief
    Executive Officer	 	 

 

    	15

     

    

 

NOTICE
OF EXERCISE

 

TO:
[Issuer Name]

 

(1)
The undersigned hereby elects to purchase_______________Warrant Shares of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

(2)
Payment shall take the form of lawful money of the United States;

 

(3)
Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is
specified below:

 

___________________________________ 

 

(4)
After giving effect to this Notice of Exercise, the undersigned will not have exceeded the Beneficial Ownership Limitation.

 

The
Warrant Shares shall be delivered to the following DWAC Account Number or by physical delivery of a certificate to:

 

___________________________________

___________________________________

___________________________________

___________________________________ 

 

Name
of Investing Entity:

 

___________________________________ 

 

Signature
of Authorized Signatory of Investing Entity:

 

____________________________________ 

Name:

Title:

Date:

 

    	 

     

    

 

ASSIGNMENT
FORM

 

(To
assign the foregoing warrant, execute this form and supply required information. Do not use this form to exercise the warrant.)

 

[Issuer
name]

 

FOR
                                            VALUE RECEIVED, [______________] all of or [_________] shares of the foregoing Warrant and
                                            all rights evidenced thereby are hereby assigned to

_________________________________________________
whose address is

____________________________________________________________________.

 

Dated:______________________________________________________________,
______

 

	Holder’s
    Signature: 	 _______________________________________
	 	 
	Holder’s
    Address:	________________________________________
	 	 
	 	________________________________________
	 	 
	Signed
    in the presence of:	 

 

______________________________________

 

NOTE:
The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement
or any change whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those acting in a fiduciary
or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

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