Document:

Exhibit 4.72

 

 

 

 

 

Equity Transfer Agreement

 

 

 

 

 

 

 

BEIJING BIG CLOUD NETWORK TEC CO., LTD.

 

 

and

 

 

JINAN YUANTEL COMMUNICATIONS TECHNOLOGY
PARTNERSHIP (LIMITED PARTNERSHIP)

 

 

 

 

 

 

 

February 2019

 

     

     

    

 

PARTY A (TRANSFEROR): BEIJING BIG CLOUD
NETWORK TEC CO., LTD.

 

Address: Building B23-A, BOE Universal
Business Park, No. 10 Jiuxianqiao Road, Chaoyang District, Beijing City

Legal Representative: Lei Wang

 

PARTY B (TRANSFEREE): JINAN
YUANTEL COMMUNICATIONS TECHNOLOGY PARTNERSHIP (LIMITED PARTNERSHIP)

 

Address: Room 1-1003, Building 8, Area
1, Lashannanyuan Community, Huaiyin District, Jinan City

Managing Partner: Lei Wang

 

In accordance with the Corporations
Law of the People’s Republic of China and other relevant laws and regulations, Party A and Party B hereby clarify their
respective rights and obligations and reach the following agreement:

 

Article 1 Definition

 

The following terms have the following
definitions in this Agreement:

 

		1.	Target Equity: 20% equity of YuanTel (Beijing) Investment Management Co.,Ltd (hereinafter referred
to as “Yuantel Investment “) held by Party A.

 

		2.	Completion of Equity Transfer:

 

Party B shall, as the equity transferee,
pay the last equity transfer fee to Party A, which shall be deemed as the Completion of the Equity Transfer, and shall enjoy the
rights and assume the obligations proportionate to the corresponding equity.

 

    2

     

    

 

		3.	Completion the Change of Industrial and Commercial Registration: Party A shall assist Party B in
making changes to the Industrial and Commercial Registration. It is deemed that the changes to the Industrial and Commercial Registration
are completed when the public recording of the Industrial and Commercial Administrative Bureau has been changed to Party B being
wholly controlled and held by Yuantel Investment and also when the corresponding changes have been made to the director roster,
legal representative, directors and the supervisory board.

 

Article 2 Transfer of Target Equity

 

		1.	Through friendly negotiation of Parties, Party A agrees to transfer the Target Equity to Party
B in accordance with the terms of this Agreement, and Party B agrees to purchase the Target Equity hold by Party A in accordance
with the terms of this Agreement.

 

		2.	Party A and Party B confirm that the Target Equity, transferred from Party A and accepted by Party
B, is the equity corresponding to the equity of Yuantel Investment previously held by Party A, including all rights of shareholders
of the company as stipulated in the Articles of Association and relevant laws, such as ownership, profit distribution right and
asset distribution right corresponding to the equity held by Party A.

 

Article 3 Transfer Price and Payment
Method

 

		1.	Transfer Price: The Parties agree to transfer the Target Equity at the price of RMB 25 million
yuan.

 

		2.	Payment Method

 

(1) Party B shall, within 10 working days
after the signing of this Agreement, pay Party A the total consideration of equity transfer, namely RMB 5 million yuan.

 

(2) Within one month after paying the consideration
of equity transfer of (1) above, Party A shall pay 30% of the total consideration of equity transfer, namely RMB 7.5 million yuan.

 

(3) The date when Party B’s cumulative
payment to Party A reaches 50% of the total consideration of equity transfer, RMB 12.5 million yuan, is the first settlement date
of the equity transaction between the Parties. Both Parties agree to start the Change of Industrial and Commercial Registration.

 

    3

     

    

 

(4) Party B shall pay Party A the remaining
50% consideration of equity transfer, namely RMB 12.5 million yuan, within 20 working days after the target company completes the
Change of Industrial and Commercial Registration and obtains the new business license (the second settlement date).

 

(5) The consideration of equity transfer
shall be paid to the following account designated by Party A:

 

Account Name: Beijing Big Cloud Network Tec
Co., Ltd.

Account No.: 110910898910109

Bank Name: China Merchants Bank Beijing
Wangjing Branch

 

Article 4 Change of Industrial and Commercial
Registration of the Target Equity

 

		1.	Party A and Party B shall begin to go through the Change of Industrial and Commercial Registration
procedures of the Target Equity after the following conditions are reached, and both Parties shall assist and cooperate with each
other:

 

 (1) The payment obligation of Article 3 (3) of this Agreement has been fulfilled. That is, Party B pays Party A 50% of the total consideration of equity transfer, namely RMB 12.5 million yuan.

 

		2.	Party A and Party B shall respectively bear the taxes and fees arising from the equity transfer
hereunder in accordance with national laws.

 

		3.	In order to simplify the process of Industrial and Commercial Registration, both Parties may adopt
the simplified version of the Equity Transfer Agreement when handling the Change of Industrial and Commercial Registration. In
case of any inconsistency between the simplified version Agreement and this version Agreement, this Agreement shall prevail.

 

    4

     

    

 

Article 5 Representations and Warranties
of Party A

 

		1.	Party A has the full right to dispose of the Target Equity. There is no mortgage, pledge, lien,
right of limitation, priority, third party right or interest, no other security or security interest, or any form of prioritization.
After Party B obtains the Target Equity, it will not be pursued by any third party, and there is no judicial administrative authority
that has made any restrictive ruling or decision on transfer of equity by Party A.

 

		2.	Party A’s transfer of equity hereunder does not violate
the prohibition or restrictive provisions of laws, administrative regulations and relevant government authorities, and has obtained
legal authorization to enter into this Agreement.

 

Article 6 Promises and Warranties of
Party B

 

		1.	Party B shall meet the conditions for receiving the Target Equity as stipulated by law before handling
the registration of equity change. The equity transfer will not be affected by the restrictions of Party B’s own conditions.

 

		2.	Party B shall have sufficient capital to accept the Target
Equity, and Party B guarantees that it can pay the consideration of transfer equity in accordance with the provisions of this
Agreement.

 

Article 7 Liability for Breach of Contract

 

		1.	Any party breaches the representations, warranties and other obligations made hereunder, shall
assume the corresponding liability for breach of this Agreement to the other Party.

 

		2.	Party A shall, within 60 working days upon the completion
of all conditions stipulated in Article 4 hereof, cooperate with Party B to process the Change of Industrial and Commercial Registration.
If Party A fails to complete the Change of Industrial and Commercial Registration within the aforesaid time limit due to Party
A’s refusal to handle or negative cooperation, Party A shall pay Party B a penalty equal to three thousandths of the amount already
paid by Party B for delayed performance for each day overdue. Meanwhile, Party B has the right to unilaterally terminate this
Agreement.

 

    5

     

    

 

Article 8 Force Majeure

 

In the event that the transfer of the Target
Equity under this Agreement cannot be completed due to unforeseeable, uncontrollable, unavoidable or insurmountable reasons, including
but not limited to natural disasters, wars, strikes, changes in policies and regulations of the government and competent authorities,
neither Party shall assume the liability for breach of contract. The specific solution shall be negotiated by both Parties.

 

Article 9 Application of Law and Dispute
Resolution

 

		1.	The formation, validity, interpretation, performance and
dispute settlement of this Agreement are governed by the laws of the People’s Republic of China

 

		2.	Any dispute arising from the performance of this Agreement
shall be settled by both Parties through friendly negotiation. If no agreement can be reached, either Party can file a lawsuit
in Beijing Chaoyang District People’s Court.

 

Article 10 Notice and Delivery

 

		1.	All notices and other communications required or made under
this Agreement shall be in Chinese and shall be delivered to the following address by hand delivery, registered mail, prepaid
postage, commercial express service or fax. Each notice shall also be delivered by email. The date on which such notice shall
be deemed to be validly delivered shall be determined as follows:

 

(1) If the notice is delivered by hand,
express service or registered post, postage prepaid, the date of delivery should be the one on which the notice is accepted or
rejected at the location designated as the target.

 

(2) If the notice is delivered by fax,
the effective date of delivery shall be the date of successful transmission (as evidenced by the automatically generated transmission
confirmation).

 

    6

     

    

 

		2.	For the purpose of the notice, the addresses of the Parties
are as follows:

 

Party A : Beijing Big Cloud Network Tec Co.,
Ltd.

Address: Building B23-A, BOE Universal Business
Park, No. 10 Jiuxianqiao Road, Chaoyang District, Beijing City

Postcode: 100015

Recipients: Lei Wang 

Telephone Number: 5975 6336 

Email:

 

Party B: Jinan Yuantel Communications Technology
Partnership (Limited Partnership)

Address: Building B23-A, BOE Universal Business
Park, No. 10 Jiuxianqiao Road, Chaoyang District, Beijing City

Postcode: 100015

Recipients: Lei Wang

Telephone Number: 5975 6336

Email:

 

Article 11 Effectiveness and Alteration
of the Agreement

 

		1.	The Agreement shall become effective upon being sealed by both Parties.

 

		2.	For matters not covered herein, the Parties hereto shall enter into a supplementary agreement as
an appendix. The supplementary agreement shall have the same legal effect as this Agreement upon execution by both Parties.

 

This Agreement shall be made in quadruplicate,
each Party holding one copy and the other two copies to be submitted to the relevant authorities for registration.

 

(No text below, the signing page of this
Agreement)

 

    7

     

    

 

(There is no text below, signature page
to the agreement)

 

Party A: (transferor): Beijing Big Cloud
Network Tec Co., Ltd.

 

	/s/ Lei Wang	 

Lei Wang, its Legal Representative

 

Date: Feb 28, 2019

 

Party B (Transferee): Jinan
Yuantel Communications Technology Partnership (Limited Partnership)

 

	/s/ Lei Wang	 

Lei Wang, its Managing Partner

 

Date: Feb 28, 2019

 

 

8Exhibit 4.73

 

American West Pacific International Investment
Corp.

555 California Street, Suite 4925

San Francisco, CA 94104

 

December 6, 2019

 

STRICTLY CONFIDENTIAL

 

Anthony K. Chan

Borqs Technologies, Inc.

Building B23-A

Universal Business Park

No. 10 Jiuxianqiao Road

Chaoyang District

Beijing 100015

China

 

		Re:	Representation

 

Dear Mr. Chan:

 

This letter will confirm
our understanding that Borqs Technologies, Inc. (the “Company”
or “Borqs”) has engaged American West Pacific International
Investment Corp. (“AWP”) to act as the Company’s
non-exclusive advisor in connection with identifying, reviewing and structuring strategic alliances, including but not limited
to, identifying strategic business and governmental contacts, partners, customers and entities which may assist or are synergistic
to the Company’s business subject to the terms and conditions
of this letter agreement (this “Agreement”).

 

		Section 1.	Engagement as Consultant. For a period of 12 months
following the date hereof (the “Engagement Period”),
AWP will serve as a non-exclusive representative to identify, review and advise the Company with respect to strategic alliances,
including identifying strategic business and governmental contacts, partners, customers and entities which may assist or are synergistic
to the Company’s business. In addition, AWP will assist
the Company to identify and negotiate with sources of financing including debt and/or equity during the term of this agreement.
It will be the Company’s sole decision whether it will acquire
or invest in the businesses or products identified by AWP, or to proceed with any financing transaction provided for consideration
to the Company through the efforts of AWP. AWP’s engagement
by the Company is as a consultant and AWP has not entered into a fiduciary relationship with the Company.

 

     

     

    

 

Anthony K. Chan

Borqs Technologies, Inc.

December 4, 2019

Page 2

 

		Section 2.	Fees. For its services, the Company does hereby
agree to pay AWP as follows:

 

		a.	Retainer. 1) $25,000 simultaneously when the execution of this Agreement with $20,000 to be paid
immediately and $5,000 deferred to January 2020, 2) upon the delivery to and acceptance by the Company of Supporting Document from
an institutional party and / or bank, such as banking / line of credit etc., to secure funding for procurement of the purchase
order of the Company, a $25,000 fee will be simultaneously payable to AWP by the Company, and if such Supporting Document is delivered
and accepted in the month of December 2020, the fee will be payable in January 2020; and such fee is to be credited to any fee
earned under Section 2b., 2c. or 2d. below;

 

		b.	Purchase Order Financing. The Purchase Order Success Fee is defined as the sum of (i) cash in the
amount equal to 4.0% of the total amount of the purchase order financing available to or provided to the Company through the contacts
of AWP and (ii) common stock of the Company in a number equal to 4.0 % of the total amount of the purchase order financing available
to or provided to the Company through the efforts of AWP divided by the Market Price which is defined as the average of the (highest
price + lowest price)/2 of each of the 20 days with trading of the Company’s common stock on the public market preceding
the day of which such common stock becomes payable. The Purchase Order Success Fee, in cash and stock, is payable at the first
draw-down of the facility and calculated on the amount of the first draw-down (but not re-use) and any incremental draw-down up
to the maximum limit of the facility;

 

		c.	Replacement or Additional Debt Financing. The Replacement Debt Success Fee is defined as the sum
of (i) cash in the amount equal to 4.0% of the total amount of the replacement or additional debt financing available to or provided
to the Company through the contacts of AWP and (ii) common stock of the Company in an number equal to 4.0% of the total amount
of the replacement or additional debt available to or provided to the Company through the efforts of AWP divided by the Market
Price as defined above; and

 

		d.	Equity Investment. The Equity Investment Success Fee is defined as the sum of (i) cash in the amount
equal to 10.0% of the total gross proceeds of an equity financing raised by the Company through the contacts of AWP and (ii) common
stock of the Company in an number equal to 3.0% of the total gross proceeds of an equity financing raised by the Company through
the contacts of AWP divided by the Market Price as defined above.

 

		e.	Payment and Tail. The fee to be earned by AWP will be paid to AWP concurrent with the closing of
the transaction under Sections 2.b., 2.c or 2.d. In addition, if the Company enters into a transaction and closes such transaction
with 12 months of the termination of this Agreement with a contact of AWP, AWP will be entitled to its fee under Section 2.b.,
2.c or 2.d provided that such introduction of AWP’s contact to the Company occurred during the term of this Agreement.

 

     

     

    

 

Anthony K. Chan

Borqs Technologies, Inc.

December 4, 2019

Page 3

 

		f.	Registration Rights. AWP will have one piggy back registration right to register shares of common
stock of the Company issued to AWP under this Agreement in the event that the Company files a registration statement relating to
the Company’s common stock.

 

		Section 3.	Expenses. In addition to compensation payable
pursuant to Section 2 and regardless of whether the Company completes a transaction, the Company shall reimburse AWP for reasonable
out of pocket expenses incurred by AWP in connection with this engagement, including the fees and disbursements of its counsel.
All reimbursable expenses if exceed $2,500 must be approved by the Company in writing prior to AWP incurring such expenses. Subject
to the Company’s approval, AWP may hire other consultants
to assist in its engagement. Any subsequent engagement will be paid by the Company.

 

		Section 4.	Termination. This Agreement’s
term is for a period of one year. On each anniversary thereafter, it will be automatically renewed for an additional one year
unless one party gives the other party written notice to AWP at least 90 days prior to such anniversary date that it wishes to
terminate the Agreement. Notwithstanding termination, the provisions of Section 2 through Section 9 (including Exhibit I attached
hereto) shall survive termination of this Agreement.

 

		Section 5.	Indemnification. The Company agrees to indemnify
AWP and its affiliates as set forth in Exhibit I attached hereto. AWP agrees that it will indemnify and hold harmless the Company
and its affiliates and their respective directors, officers, agents and employees and each other person controlling the Company
or any of its affiliates, to the full extent lawful, from and against any losses, expenses, claims or proceedings related to or
arising out of (i) any misrepresentation or untrue statement by AWP or its affiliates of information, or, any omission or the
alleged omission to state to the investors a material fact necessary in order to make statements made not misleading in light
of the circumstances under which they were made (except to the extent such misrepresentations, untrue statements or omissions
are based on information provided to AWP by the Company) or (ii) a breach by AWP of this Agreement.

 

     

     

    

 

Anthony K. Chan

Borqs Technologies, Inc.

December 4, 2019

Page 4

 

		Section 6.	Confidentiality and Non-Circumvention.

 

		a.	Confidentiality. In connection with this Agreement, AWP may obtain knowledge of private information
belonging to, or possessed or used by, the Company and its business. AWP agrees to treat such knowledge or information as confidential.
AWP further agrees that it will not, without the prior written consent of the Company, directly or indirectly, reveal, furnish,
or make known to any person or use for its benefit or the benefit of others any such information. AWP may disclose, either orally
or in writing, certain information relating to pending business ventures, ideas, contacts, clients, and relationships owned or
known by it (“AWP Confidential Information”) which may be disclosed to the Company whether or not marked or indicated
“Confidential”. The Company agrees to maintain in confidence AWP Confidential Information and will use AWP Confidential
Information solely to evaluate the potential of a business relationship with AWP or its clients or contacts and to assist the Company.
The Company will not disclose AWP Confidential Information to any person except the Company’s affiliates, agents, employees
or consultants to whom it is necessary to disclose AWP Confidential Information for such purposes.

 

		b.	No License/Non-Circumvention. This Agreement does not grant the Company any license to use AWP
Confidential Information except as provided in Section 6. The Company agrees not to circumvent any relationship with any third-party
disclosed by AWP by directly or indirectly communicating with such third-party without the written permission of AWP. In simple
terms, the Company t will not directly or indirectly contact or use any information received from AWP to directly or indirectly
contact any third-party disclosed by AWP whether such disclosure is oral or written, by purpose of the said any introduction and/or
any referral made by AWP to the Company. Further, the Company must provide to AWP copies of all correspondence exchanged directly
or indirectly by the Company and the third-party, and the Company must keep AWP apprised in a timely fashion of the nature of any
discussion or proposed transaction between the Company and any third party referred or introduced by AWP.

 

		Section 7.	Miscellaneous. This Agreement shall be binding
on and inure to the benefit of the Company, AWP, each Indemnified Person (as defined in Exhibit I attached hereto) and their respective
successors and assignees. This Agreement sets forth the entire understanding of the parties relating to the subject matter hereof
and supersedes and cancels any prior communications, understandings, and agreements between the parties. This Agreement may not
be amended or modified except in writing. This Agreement shall be governed by and construed in accordance with the laws of the
State of California, without regard to principles of conflicts of law. If any term, provision, covenant or restriction contained
in this Agreement, including Exhibit I, is held by a court of competent jurisdiction or other authority to be invalid, void, unenforceable
or against its regulatory policy, the remainder of the terms, provisions, covenants and restrictions contained in this Agreement
shall remain in full force and effect and shall in no way be affected, impaired or invalidated. AWP is an independent contractor,
and any duties of AWP arising out of its engagement hereunder shall be owed solely to the Company or, as applicable, to the Board
of Directors. Any advice provided to the Company or the Board of Directors is solely for the benefit of the Company and may not
be used, reproduced, disseminated, quoted or referred to, without AWP’s
prior written consent.

 

     

     

    

 

Anthony K. Chan

Borqs Technologies, Inc.

December 4, 2019

Page 5

 

		Section 8.	Arbitration. Any dispute, claim or controversy
arising out of or relating to this Agreement or the breach, termination, enforcement, interpretation or validity thereof, including
the determination of the scope or applicability of this agreement to arbitrate, shall be determined by arbitration in San Francisco,
California, before one arbitrator. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules
& Procedures.  Judgment on the Award may be entered in any court having jurisdiction.  This clause shall not preclude
parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction.

 

		Section 9.	Allocation of Fees and Costs.  The arbitrator
may, in the award, allocate all or part of the costs of the arbitration, including the fees of the arbitrator and the reasonable
attorneys’ fees of the prevailing party.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

     

     

    

 

Anthony K. Chan

Borqs Technologies, Inc.

December 4, 2019

Page 6

 

If the foregoing terms
meet with your approval, please indicate your acceptance by signing and returning the attached copy of this letter to us.

 

	 	Very truly yours,
	 	 
	 	American West Pacific International 
	 	Investment Corp.
	 	 	 
	 	By:	 
	 	 	Sherry H. Jiang, President

 

	Accepted as of the date first above written:	 
	 	 
	Borqs Technologies, Inc.	 
	 	 	 
	By:	 	 
	 	Pat Sek Yuen Chan, CEO	 

 

     

     

    

 

EXHIBIT
I

 

Indemnification Provisions

 

The Company agrees
to indemnify and hold harmless American West Pacific International Investment Corp. (“AWP”)
and its affiliates (as defined in Rule 405 under the Securities Act of 1933, as amended) and their respective directors,
officers, employees, agents and controlling persons (AWP and each such person each being an “Indemnified
Party”) from and against all losses, claims, damages and liabilities (or actions, including shareholder actions, in
respect thereof), joint or several, to which such Indemnified Party may become subject under any applicable federal or state
law, or otherwise, which are related to or result from the performance by AWP of the services contemplated by or the
engagement of AWP pursuant to this Agreement and will promptly reimburse any Indemnified Party for all reasonable expenses
(including reasonable counsel fees and expenses) as they are incurred in connection with the investigation of, preparation
for or defense arising from any threatened or pending claim, whether or not such Indemnified Party is a party and whether or
not such claim, action or proceeding is initiated or brought by the Company. The Company will not be liable to any
Indemnified Party under the foregoing indemnification and reimbursement provisions (i) for any settlement by an Indemnified
Party effected without its prior written consent (not to be unreasonably withheld); or (ii) to the extent that any loss,
claim, damage or liability is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted
primarily from the Indemnified Party’s willful
misconduct or gross negligence. The Company also agrees that no Indemnified Party shall have any liability (whether direct or
indirect, in contract or tort or otherwise) to the Company or its security holders or creditors related to or arising out of
the engagement of AWP pursuant to, or the performance by AWP of the services contemplated by, this Agreement except to the
extent that any loss, claim, damage or liability is found in a final, non-appealable judgment by a court of competent
jurisdiction to have resulted primarily from AWP’s
willful misconduct or gross negligence.

 

Promptly after receipt
by an Indemnified Party of notice of any intention or threat to commence an action, suit or proceeding or notice of the commencement
of any action, suit or proceeding, such Indemnified Party will, if a claim in respect thereof is to be made against the Company
pursuant hereto, promptly notify the Company in writing of the same. Any failure or delay by an Indemnified Party to give the notice
referred to in this paragraph shall not affect such Indemnified Party’s
right to be indemnified hereunder, except to the extent that such failure or delay causes actual material harm to the Company,
or materially prejudices its ability to defend such action, suit or proceeding on behalf of such Indemnified Party. In case any
such action is brought against any Indemnified Party and such Indemnified Party notifies the Company of the commencement thereof,
the Company may elect to assume the defense thereof, with counsel reasonably satisfactory to such Indemnified Party, and an Indemnified
Party may employ counsel to participate in the defense of any such action provided, that the employment of such counsel shall be
at the Indemnified Party’s own expense, unless (i) the employment
of such counsel has been authorized in writing by the Company, (ii) the Indemnified Party has reasonably concluded (based upon
advice of counsel to the Indemnified Party) that there are legal defenses available to the Indemnification Party that are not available
to the Company, or that there exists a conflict or potential conflict of interest (based upon advice of counsel to the Indemnified
Party) between the Indemnified Party and the Company that makes it impossible or inadvisable for counsel to the Company to conduct
the defense of both parties (in which case the Company will not have the right to direct the defense of such action on behalf of
the Indemnified Party), or (iii) the Company has not in fact employed counsel reasonably satisfactory to the Indemnified Party
to assume the defense of such action within a reasonable time after receiving notice of the action, suit or proceeding, in each
of which cases the reasonable fees, disbursements and other charges of such counsel will be at the expense of the Company; provided,
further, that in no event shall the Company be required to pay fees and expenses for more than one firm of attorneys (and local
counsel) representing Indemnified Parties.

 

    Exhibit I-1

     

    

 

If the indemnification
provided for in this Agreement is for any reason held unenforceable by an Indemnified Party, the Company agrees to contribute to
the losses, claims, damages and liabilities for which such indemnification is held unenforceable (i) in such proportion as is appropriate
to reflect the relative benefits to the Company, on the one hand, and AWP on the other hand, of the Offering as contemplated whether
or not the Offering is consummated or, (ii) if (but only if) the allocation provided for in clause (i) is for any reason unenforceable,
in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative
fault of the Company, on the one hand and AWP, on the other hand, as well as any other relevant equitable considerations. The Company
agrees that for the purposes of this paragraph the relative benefits to the Company and AWP of the Offering as contemplated shall
be deemed to be in the same proportion that the total value received or contemplated to be received by the Company in connection
with the Offering bear to the fees paid or to be paid to AWP under this Agreement. Notwithstanding the foregoing, the Company expressly
agrees that AWP shall not be required to contribute any amount in excess of the amount by which fees paid to AWP hereunder (excluding
reimbursable expenses), exceeds the amount of any damages which AWP has otherwise been required to pay.

 

The Company agrees
that without AWP’s prior written consent, which shall not
be unreasonably withheld, it will not settle, compromise or consent to the entry of any judgment in any pending or threatened claim,
action or proceeding in respect of which indemnification could be sought under the indemnification provisions of this Agreement
(whether or not AWP or any other Indemnified Party is an actual or potential party to such claim, action or proceeding), unless
such settlement, compromise or consent includes an unconditional release of each Indemnified Party from all liability arising out
of such claim, action or proceeding.

 

In the event that an
Indemnified Party is requested or required to appear as a witness in any action brought by or on behalf of or against the Company
in which such Indemnified Party is not named as a defendant, the Company agrees to promptly reimburse AWP on a monthly basis for
all expenses incurred by it in connection with such Indemnified Party’s
appearing and preparing to appear as such a witness, including, without limitation, the reasonable fees and disbursements of its
legal counsel.

 

 

Exhibit I-2

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