Document:

Exhibit 10.3

 

INDEMNIFICATION
AGREEMENT

 

[Innovative
Payment Solutions, Inc.]

 

This
INDEMNIFICATION AGREEMENT (“Agreement”), dated and made effective as of June 24, 2020, is entered into
by and between INNOVATIVE PAYMENT SOLUTIONS, INC., a corporation organized and existing under the laws of the State of
Nevada, having offices at 19355 Business Center Drive, Northridge, CA 91324 (“Company”), and WILLIAM CORBETT,
an individual residing at                                                       (“Indemnitee”)
(each party hereto sometimes referred to as a “Party” or collectively as the “Parties”).

 

W
I T N E S S E T H

 

A.
Company desires to attract and retain the services of highly qualified individuals, including individuals such as Indemnitee,
to serve as officers, directors, and managers to or with Company and its affiliated companies and recognizes that competent and
experienced individuals are reluctant to serve as directors, officers, or managers of corporations unless they are protected by
indemnification or by liability insurance, or both, in light of increased exposure to litigation risks and costs that may arise
in connection with the services they provide to corporations and other legal entities and enterprises;

 

B.
Existing laws governing or relating to the duties of officers and directors are frequently difficult to interpret and apply and
are often unclear or ambiguous and fail to provide officers and directors with clear, adequate and reliable knowledge or guidance
with respect to the legal risks and potential liabilities to which they may be exposed and the actions that they should take in
performing their duties and responsibilities in good faith for their companies;

 

C.
The Nevada Corporation Law authorizes and empowers Company to indemnify its officers, directors, employees and agents and the
persons that serve or served, at the request of Company, as officers, directors, employees or agents of another corporation, partnership,
joint venture, trust or other enterprise and provides that a Nevada corporation, in its articles of incorporation or bylaws, or
in an agreement, may provide that the expenses of officers and directors incurred in defending a civil or criminal action, suit
or proceeding may be paid by the corporation as such expenses are incurred and in advance of the final disposition of such action,
suit or proceeding upon receipt of an undertaking to repay the amount if it is ultimately determined by a court of competent jurisdiction
that the officer or director is not entitled to be indemnified;

 

D.
To induce Indemnitee to serve as an officer, director, employee or agent of Company as contemplated hereinabove, Company desires
to indemnify Indemnitee to the fullest extent permitted by or under the Nevada Corporation Law.

 

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NOW,
THEREFORE, in consideration of the premises and agreements, covenants, and promises contained herein and for other good and valuable
consideration, the Parties agree as follows:

 

1.
Defined Terms. In addition to any term that may be defined in the text of this Agreement, the following terms shall be
defined as follows:

 

“Affiliate”
means, with reference to Company, any other Person controlling, controlled by or under the common control of Company. For purposes
hereof, the term “control” (or any equivalent term) means having ownership of more than fifty percent (50%) of the
voting securities of a Person or the power, whether through voting power or otherwise, to control the management policies of such
Person.

 

“Articles”
means the Articles of Incorporation of Company.

 

“Board
of Directors” or “Board” means the board of directors of Company. “Bylaws” means the Bylaws of Company.

“Claim”
means any threatened, pending or completed action, suit, proceeding or alternative dispute resolution proceeding, or any hearing,
inquiry or investigation, that Indemnitee in good faith believes might lead to the institution of any such action, suit, proceeding
or alternative dispute resolution proceeding, whether civil, criminal, administrative, investigative or otherwise.

 

“Company”
means (a) Innovative Payment Solutions, Inc. (“IPSI”), and (b) any constituent corporation absorbed in a consolidation
or merger to which IPSI (or any of its wholly owned subsidiaries) has been or becomes a party that, if its separate existence
had continued, would have had power and authority to indemnify its officers, directors, employees, agents or fiduciaries in a
manner substantially similar to the indemnification provided to Indemnitee under this Agreement.

 

“Exchange
Act” means the (U.S.) Securities Exchange Act of 1934, as amended. “Expenses” means any and all direct and indirect
costs and expenses, judgments, fines,

 

penalties,
sanctions and amounts paid in settlement (if such settlement is approved in advance by Company) of any Claim regarding or arising
from an Indemnity Event. For purposes hereof, the term “Expenses” includes attorneys’ fees and all other costs,
expenses and obligations incurred by Indemnitee in connection with investigating, defending, appearing as a witness in or otherwise
participating in (including any appeal) any action, suit, proceeding, alternative dispute proceeding, hearing, inquiry or investigation
involving any Claim regarding or arising from an Indemnity Event.

 

“Expense
Advance” means any advance payment of Expenses to Indemnitee under or pursuant to this Agreement or as otherwise permitted
under Nevada law.

 

“Indemnity
Event” means any event or occurrence arising from or relating to (a) Indemnitee’s position or status as a past or
current officer, director, employee, agent or fiduciary of Company or any of its Affiliates, or any predecessor thereof,
respectively, or in serving (or having served) at the request of Company (or any predecessor thereof) as an officer,
director, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other enterprise, or (b)
any act, action or inaction by or on the part of Indemnitee while serving in any such capacity or capacities.

 

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“Nevada
Corporation Law” means Chapter 78 of the Nevada Revised Statutes of the State of Nevada (codified at NRS §78.010 et
seq).

 

“Person”
means any natural person, corporation, company, partnership (including both general and limited partnerships), limited liability
company, sole proprietorship, association, joint stock company, firm, trust, trustee, joint venture, unincorporated organization,
executor, administrator, legal representative or other legal entity, including any governmental authority, entity or instrumentality.

 

“SEC”
means the (U.S.) Securities and Exchange Commission. “Securities Act” means the (U.S.) Securities Act of 1933, as
amended.

2.
Interpretation; Protocols.

 

2.1
The name assigned to this Agreement and the Section (or subsection) headings or captions used herein are for convenience of reference
only and shall not be construed to affect the meaning, construction or effect hereof. Terms defined in the singular shall have
a comparable meaning when used in the plural and vice versa. Unless otherwise specified, the terms “hereof,” “herein”
and similar terms refer to this Agreement as a whole, and references herein to Sections refer to Sections of this Agreement. Pronouns
in masculine, feminine, and neutral genders will be construed to include any other gender, and words in the singular form will
be construed to include the plural and vice versa, unless the context otherwise requires.

 

2.2
For purposes of this Agreement, the words, “include,” “includes” and “including,” when used
herein, shall be deemed in each case to be followed by the words “without limitation”.

 

2.3
References in this Agreement to “other enterprise” include employee benefit plans and the term “fines”
includes any administrative penalties or any excise taxes that may be assessed or imposed on Indemnitee under or with respect
to any employee benefit plan or pursuant to or as a result of any benefits paid to or conferred upon Indemnitee by Company or
its Affiliates.

 

2.4
Unless stated otherwise, references to money herein shall mean and refer to the currency (U.S. Dollars) of the United States of
America.

 

3.
Indemnification; Non-Exclusivity.

 

3.1
It is intended by Company and Indemnitee that the indemnification of Indemnitee as provided in this Agreement shall be to the
fullest extent allowed by the Nevada Corporation Law. Accordingly, the indemnification provided to Indemnitee under this
Agreement shall not be limited by, and shall be in addition to, any indemnification provided to or conferred upon Indemnitee
under the Articles or Bylaws or that may be otherwise provided under the Nevada Corporation Law or other applicable law, in
each case as they exist on and as of the date of this Agreement.

 

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3.2
In the event of any change in any applicable law, statute or regulation after the date of this Agreement that expands or enlarges
the right of a Nevada corporation to indemnify its officers, directors, employees, agents and/or fiduciaries, the Parties intend
that Indemnitee shall be entitled to such expanded or enlarged indemnity benefits as may be accorded by any such change in applicable
law, statute or regulation. In the event that any change in any applicable law, statute or regulation after the date of this Agreement
narrows or reduces the scope or benefits of any indemnity currently afforded Indemnitee under this Agreement or under the Articles
or Bylaws, or under or by virtue of existing applicable laws, statutes and regulations, any such changes shall not narrow or reduce,
or be applied to narrow or reduce, the scope and benefits of indemnification provided to Indemnitee as of the date of this Agreement.

 

4.
Indemnification; Third Party Claims.

 

4.1
Company shall indemnify Indemnitee if Indemnitee is a party to or is threatened to be made a party to or is otherwise involved
in any Claim (other than a Claim by or in the right of Company), asserted or brought by reason of an Indemnity Event, against
all Expenses incurred by Indemnitee in connection such Claim, if Indemnitee either (a) is not liable pursuant to NRS § 78.138,
or (b) acted in good faith and in a manner he/she reasonably believed to be in or not opposed to the best interest of Company
and, in the case of a criminal claim or proceeding, had no reasonable cause to believe that his/her conduct was unlawful.

 

4.2
The termination or resolution of any Claim by judgment, judicial order, settlement, conviction or upon a plea of nolo contendere,
or its equivalent, does not, of itself, create a presumption that Indemnitee is liable under or pursuant to NRS § 78.138
or did not act in good faith or in a manner which he/she reasonably believed to be in or not opposed to the best interest of Company
or, with respect to any criminal claim or proceeding, that Indemnitee had reasonable cause to believe that his/her conduct was
unlawful. Any payment of Expenses under this Section 4 shall be made by Company within thirty (30) days after written demand by
Indemnitee for such payment is delivered or submitted to Company.

 

5.
Indemnification; Derivative Actions.

 

5.1
Company shall indemnify Indemnitee if Indemnitee is a party to or is threatened to be made a party to or is otherwise involved
in any Claim by or in the name of Company to procure a judgment in its favor, by reason of an Indemnity Event, against all Expenses
incurred by Indemnitee in connection with such Claim, if Indemnitee either (a) is not liable pursuant to NRS 78.138, or (b) acted
in good faith and in a manner he/she reasonably believed to be in or not opposed to the best interest of Company.

 

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5.2
Notwithstanding the provisions of Section 5.1, no indemnification thereunder shall be provided to Indemnitee for any Claim,
issue or matter to which Indemnitee has been adjudged by a court of competent jurisdiction, after the exhaustion of all
appeals therefrom, to be liable to Company or for amounts paid in settlement to Company, unless and to the extent that any
court in which such Claim is brought or other court of competent jurisdiction determines upon application that, in view of
all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such Expenses as the court
deems proper. Any payment of Expenses under this Section 5 shall be made by Company, if Indemnitee is determined to be
entitled to such Expenses, within thirty (30) days after written demand by Indemnitee for such payment is delivered or
submitted to Company.

 

6.
Mandatory Payment/Reimbursement of Expenses.

 

Notwithstanding
any other provision contained in this Agreement (other than as provided in Sections 10 and 11), if and to the extent that Indemnitee
is successful on the merits or otherwise in defending any Claim regarding or arising from an Indemnity Event (including any favorable
judgment or dismissal with or without prejudice), Indemnitee shall be indemnified, and shall be paid for all Expenses incurred
by Indemnitee (other than Expenses previously advanced or paid to Indemnitee by Company), in connection with any such Claim.

 

7.
Indemnification; Payment of Expenses.

 

7.1
Expense Advances.

 

(a)
To the extent permitted by applicable law, Company shall advance to Indemnitee the Expenses incurred by Indemnitee in connection
with any Claim regarding or arising from an Indemnity Event, with the advance of such Expenses being made by Company within thirty
(30) days after Company receives a statement, invoice or written demand from Indemnitee (with any required or supporting documentation)
requesting such advance of Expenses, provided and on the condition that Indemnitee (i) has provided to Company an undertaking
to repay all such Expense Advances to Company if and to the extent that it is determined, by a court of competent jurisdiction
in a final non-appealable judgment or order, that Indemnitee is not entitled to be indemnified by Company, and (ii) such undertaking
remains in effect hereunder.

 

(b)
In requesting any Expense Advance from Company, Indemnitee may, in the event that any supporting documentation refers to legal
services rendered or anticipated in a manner, or to the extent that, it could result in a waiver of the attorney/client privilege
or other privilege accorded Indemnitee under applicable law, deliver or submit to Company only copies of invoices without supporting
documentation.

 

(c)
Any Expense Advances requested by Indemnitee shall be unsecured and interest-free and shall be made to Indemnitee without regard
to Indemnitee’s ability to repay such Expense Advances to Company (other than in providing Company with an undertaking by
execution of this Agreement as provided in Section 7.2 in the event that it is determined that Indemnitee is not entitled to indemnification
with respect to such Expenses. The right of Indemnitee to request and obtain Expense Advances hereunder shall continue until the
final disposition (including any appeal) of each Claim for which Expense Advances may be requested from time to time by Indemnitee
as provided herein.

 

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(d)
Indemnitee’s right to Expense Advances under this Section 7.1 shall not apply to any request or claim by Indemnitee for
or with respect to which indemnification is excluded or precluded under Sections 10 or 11.

 

7.2
Expense Advance Undertaking. Company and Indemnitee each acknowledge and agree that Indemnitee’s execution
and delivery of this Agreement to Company shall constitute an undertaking by Indemnitee, to the fullest extent required by applicable
law, to repay to Company all Expense Advances if and to the extent that it is determined, by a court of competent jurisdiction
in a final non-appealable judgment or order, that Indemnitee is not entitled to be indemnified by Company.

 

8.
Notice of Claims; Duty to Cooperate.

 

8.1
Indemnitee agrees to provide Company with a written notice, as soon as possible or practicable, of any Claim threatened, asserted
or made against Indemnitee and for or as to which indemnification is or may be sought by Indemnitee under this Agreement or otherwise.
Each such notice by Indemnitee shall be directed to the board of directors of Company or to its chief executive officer or secretary
at the address for Company listed or displayed on the signature page of this Agreement (or such other address as Company may designate
in writing to Indemnitee from time to time). Any failure of Indemnitee to give written notice of any such Claim as provided hereinabove
shall not relieve Company of its obligation to indemnify Indemnitee unless and to the extent that Company demonstrates that such
failure on the part of Indemnitee has resulted or will result in irreparable economic harm to Company that could have been avoided
if Indemnitee had provided timely notice to Company as provided herein.

 

8.2
With respect to any Claim for or as to which Company may be required to indemnify Indemnitee (or as to which Company has assumed
the defense of Indemnitee as provided hereinafter), Indemnitee shall reasonably cooperate with Company in the defense of any such
Claim and will provide to Company such information and documents as Company may reasonably require to the extent that Indemnitee
is in possession of or has the power to access and obtain such information and documents.

 

9.
Selection of Counsel.

 

9.1
In the event that Company is obligated to indemnify Indemnitee for the Expenses incurred by Indemnitee in connection with any
Claim, Company shall be entitled, at its election and upon giving written notice to Indemnitee, to assume the defense of such
Claim with counsel selected by Company and approved by Indemnitee (with such approval not unreasonably withheld or delayed by
Indemnitee).

 

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9.2
Upon Company’s election to assume the defense of any Claim as provided herein (and counsel has been retained by Company
in connection therewith), Company shall have no further obligation to pay Indemnitee for attorneys’ fees incurred by
Indemnitee with respect to such Claim. Notwithstanding Company’s assumption of the defense of any such Claim,
Indemnitee shall have the right to employ separate counsel with respect to such Claim at Indemnitee’s expense. In
addition thereto, Company shall dispense with the counsel it has retained (with Indemnitee’s consent) and shall pay the
fees and charges of Indemnitee’s separate counsel if (a) Company agrees to do so in writing, or (b) Indemnitee and its
separate counsel has determined that a conflict of interest may exist between Company and Indemnitee in conducting the
defense of any Claim.

 

10.
Exclusions from Indemnity.

 

10.1
Notwithstanding anything to the contrary in this Agreement, Company shall not be required to indemnify Indemnitee or pay the Expenses
of Indemnitee in or with respect to any of the following:

 

(a)
Any Claims (and the Expenses incurred in connection therewith) that are initiated or asserted by Indemnitee and not by way of
defense of any Claim, except for claims, actions, suits or proceedings initiated by Indemnitee (1) to enforce his/her indemnification
rights under this Agreement or other agreement or insurance policy, or under the Articles or Bylaws, (2) with the prior authorization
or approval of the Board of Directors, or (3) as otherwise may be required under the Nevada Corporation Law to establish Indemnitee’s
right to indemnity or payment of Expenses (and regardless of its outcome or ultimate disposition).

 

(b)
Any claims asserted or any action, suit or proceeding instituted by Indemnitee to enforce the terms of this Agreement if a court
of competent jurisdiction determines that any such claim, action, suit or proceeding was not asserted or instituted by Indemnitee
in good faith or is otherwise determined to be frivolous or without any legitimate basis in fact or law.

 

(c)
Any acts, omissions, activities or other transactions conducted by Indemnitee for or as to which Indemnitee may not be indemnified
or relieved of liability under applicable law.

 

(d)
Any Claims (and the Expenses paid in connection therewith) if it is determined in a final non-appealable judgment or order that
(1) such payments were made in violation of applicable law, (2) Indemnitee must make an accounting of profits from Indemnitee’s
purchase and sale of Company’s securities under or pursuant to the provisions of Section 16(b) of the Exchange Act or a
similar provision under federal or state law, or (3) Indemnitee’s acts, actions or omissions involved intentional misconduct,
fraud or a knowing violation of law, including any determination that Indemnitee defrauded or stole from Company, misappropriated
confidential or proprietary information or the trade secrets of Company, or otherwise converted the assets or properties of Company
to his/her own personal use or benefit.

 

(e)
Settlement of any Claim, or any amounts paid in settlement of any Claim, without Company’s written consent.

 

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11.
Exclusion; Potential Liability Under Securities Laws.

 

Notwithstanding
any provision in this Agreement, Company shall not be required or obligated to indemnify Indemnitee under any Claim (or pay the
Expenses in connection therewith) to the extent that such indemnity and payment of Expenses (a) will violate the Securities Act
or the Exchange Act, or the rules and regulations thereunder, respectively, or any registration statement filed by Company under
the Securities Act, or any public policy relating thereto, or (b) will require Company, to achieve compliance with the undertakings
required in paragraph (h) of Item 512 of Regulation S-K, to submit to a court of competent jurisdiction any issue regarding whether
Indemnitee is entitled to indemnification for liabilities arising under the Securities Act.

 

12.
Statute of Limitations; Claims in the Right of Company.

 

No
civil action or proceeding shall be asserted, initiated or brought by or in the right of Company against Indemnitee or his/her
estate, spouse, heirs, executors or personal or legal representatives after the expiration of two (2) years from the date on which
any Claim (or any claim or cause of action asserted therein) arose or accrued under applicable law, and any such claim or cause
of action shall be time-barred, extinguished and deemed released unless asserted by the timely filing of a civil action or proceeding
within such two-year period; provided, however, in the event that any shorter statute or period of limitations is
or becomes applicable to any such claim or cause of action under applicable law, the shorter statute or period of limitations
shall govern.

 

13.
Governing Law; Consent to Jurisdiction.

 

13.1
Governing Law. This Agreement, including the validity, substance, interpretation and enforcement thereof, shall
be governed in all respects by the laws of the State of Nevada without regard to its conflicts of laws or choice of laws principles.

 

13.2
Dispute Resolution; Arbitration.

 

(a)
At the option of Company or Executive, and to the extent permitted by applicable law, any dispute, controversy or question arising
under, based on or relating to this Agreement, or any breach or failure to comply with the terms hereof (each a “Dispute”),
shall be finally and exclusively resolved by binding arbitration administered by the American Arbitration Association (“AAA”)
under its Commercial Arbitration Rules (the “AAA Rules”). Unless otherwise agreed by the Parties, arbitration
of any Dispute shall be conducted before a single arbitrator selected by the Parties and the forum and venue for such arbitration
shall be AAA’s Los Angeles Regional Center in Los Angeles, California. Each Party hereby submits to AAA and the selected
forum for the arbitration of any Dispute, waives any objection to the venue of such arbitration, and agrees that service of process
and other notices, pleadings and documents in any arbitration or proceeding hereunder may be delivered to a Party in accordance
with the provisions governing “Notices” in this Agreement.

 

(b)
If the Parties are unable to agree upon a neutral arbitrator within thirty (30) days after a Party notifies the other Party in
writing of its intent to submit a Dispute to arbitration, either Party may apply to AAA for the appointment of an arbitrator or,
if AAA is not then in existence or declines to act, either Party may apply to the Presiding Judge of the Superior Court of any
county in the State of California for the appointment of a neutral arbitrator to hear the Parties and settle the Dispute and such
Judge is hereby authorized to make such appointment.

 

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(c)
If the Parties so agree in writing, and subject to the consent of the single arbitrator, hearings and proceedings conducted in
the arbitration of any Dispute hereunder may be conducted remotely by secure video conferencing technology that is acceptable
to the Parties.

 

(d)
The decision or award of the arbitrator shall be in writing and shall set forth detailed reasoning for the award. Discovery shall
be conducted expeditiously, bearing in mind the objective of limiting discovery and expediting the decision or award of the arbitrator
at the most reasonable cost and expense to the Parties. The decision of the arbitrator shall be final, conclusive and binding
on the Parties and no action at law or in equity shall be instituted or, if instituted, prosecuted by either Party other than
to enforce the award of the arbitrator. Judgment upon an award rendered pursuant to such arbitration may be entered in any court
having jurisdiction or application may be made to such court for a judicial acceptance of the award and/or an order of enforcement,
as the case may be.

 

13.3
Extraordinary Relief.

 

The
rights of Company under this Agreement are of a special, unique and intellectual character which gives them a unique value, and
a breach of any provision of this Agreement (including in particular the provisions contained in Articles 5.0 and 6.0) will cause
Company irreparable economic harm or damage that cannot be reasonably or adequately compensated in damages in an action at law.
Accordingly, without limiting any right or remedy that Company may have under this Agreement or applicable law, or otherwise,
Executive agrees that Company shall be entitled to seek injunctive and other extraordinary relief to enforce and protect its rights
granted under this Agreement, whether through arbitration or litigation as provided herein, without any requirement that it post
a bond or other security.

 

13.4
Expenses of Enforcement.

 

In
the event that Executive is the prevailing party in any arbitration under this Article 13.0, Company shall pay Executive’s
attorneys' fees and costs, including the compensation and expenses of any arbitrator, unless the arbitrator or the court determines
that (a) Company has no liability in such Dispute, or (b) the action or claims by Executive are frivolous in nature. In any other
case or matter, Company and Executive shall each bear its or his/her own attorney fees and costs, except that Company shall pay
the costs of any arbitrator appointed under Section 13.2.

 

14.
Notices.

 

All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (a)
if delivered by hand or by private courier and signed for by the receiving Party, on the date of such delivery, (b) if sent by
facsimile with written evidence of successful transmission, on the date of such transmission, or (c) if mailed by domestic certified
or registered mail with postage prepaid, on the third business day after the date postmarked. The addresses for notices to either
Party are as displayed in the introductory paragraph of this Agreement or as subsequently modified by written notice by a Party
to the other Party.

 

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15.
General Provisions.

 

15.1
Amendment, Waiver & Termination. No amendment, modification, supplement, termination or cancellation of this
Agreement shall be effective unless it is in writing and signed by each Party. No waiver of any of the provisions of this Agreement
shall be deemed to be or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver
constitute a continuing waiver.

 

15.2
Integration; Entirety. This Agreement sets forth the entire understanding between the Parties and supersedes and
merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof
between the Parties.

 

15.3
Disclaimer of Employment Agreement. Nothing contained in this Agreement shall be construed as giving Indemnitee
any right to be retained in the employ of Company or any of its Affiliates.

 

15.4
Severability. In the event that any provision contained in this Agreement (including any provision within a single
section, paragraph or sentence) is held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, the
remaining provisions shall remain enforceable to the fullest extent permitted by law. In connection therewith, and to the fullest
extent possible, the provisions of this Agreement (including each portion of this Agreement containing any provision held to be
invalid, void or otherwise unenforceable that is not itself invalid, void or unenforceable) shall be construed so as to give effect
to the intent manifested by the Parties in the provision held invalid, illegal or unenforceable.

 

15.5
Subrogation. In the event of any payment by Company under this Agreement, Company shall be subrogated, to the extent
of such payment, to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts
as may be necessary to secure such rights and to enable Company to assert all claims and to initiate all such civil actions, suits
and proceedings that may be required or necessary to enforce such rights and claims.

 

15.6
Counterparts. This Agreement may be executed in one or more counterparts, including facsimile or digital counterparts,
each of which shall constitute an original and all of which taken together shall constitute one and the same instrument.

 

[SIGNATURES
OF PARTIES ON FOLLOWING PAGE]

 

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IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the date written above.

 

	 	COMPANY:
	 	 
	 	INNOVATIVE PAYMENT SOLUTIONS, INC.
	 	 
	 	By:	/s/
    James W. Fuller
	 	Name: 	James W. Fuller
	 	Title:	Director
	 	 	 
	 	INDEMNITEE:
	 	 
	 	/s/ William Corbett
	 	Name: 	William Corbett

 

 

Page 11 of 11Exhibit
4.1

 

WARRANT
AGREEMENT

 

This
agreement is made as of June 23, 2020 between Brilliant Acquisition Corporation, a British Virgin Islands company, with offices
at 99 Dan Ba Road, C-9, Putuo District, Shanghai, People’s Republic of China 200062 (“Company”), and
Continental Stock Transfer & Trust Company, a New York corporation, with offices at 1 State Street, New York, New York 10004
(“Warrant Agent”).

 

WHEREAS,
the Company is engaged in a public offering (“Public Offering”) of up to 4,600,000 units, each unit (“Unit”)
comprised of one ordinary share of the Company, no par value per share (“Ordinary Shares”), one right entitling
the holder to 1/10 of one Ordinary Share, and one warrant, where each whole warrant entitles the holder to purchase one Ordinary
Shares at a price of $11.50 per share, subject to adjustment as described herein, and, in connection therewith, will issue and
deliver up to 4,600,000 warrants (the “Public Warrants”) to the public investors in connection with the Public
Offering; and

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form
S-1, No. 333-237153 as amended (“Registration Statement”), for the registration, under the Securities Act of
1933, as amended (“Act”) of, among other securities, the Public Warrants; and

 

WHEREAS,
the Company has committed to purchase (“Subscription Agreements”) up to an aggregate of 261,000 Warrants (the
“Private Warrants”) underlying Units upon consummation of the Public Offering; and

 

WHEREAS,
the Company may issue up to an additional 150,000 Warrants (“Working Capital Warrants”) underlying Units in
satisfaction of certain working capital loans made by the Company’s officers, directors, initial stockholders, and affiliates;
and

 

WHEREAS,
following consummation of the Public Offering, the Company may issue additional warrants (“Post IPO Warrants”)
and together with the Public Warrants, Private Warrants, and Working Capital Warrants, the “Warrants”) in connection
with, or following the consummation by the Company of, a Business Combination (defined below); and

 

WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection
with the issuance, registration, transfer, exchange, redemption, and exercise of the Warrants; and

 

WHEREAS,
the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised,
and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants;
and

 

WHEREAS,
all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company
and countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding, and legal obligations of the Company,
and to authorize the execution and delivery of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1. Appointment
of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the
Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth
in this Agreement.

 

    

     

    

  

2.
Warrants.

 

2.1. Form
of Warrant. Each Warrant shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto,
the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the
Board of Directors or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall bear a
facsimile of the Company’s seal. In the event the person whose facsimile signature has been placed upon any Warrant shall
have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with
the same effect as if he or she had not ceased to be such at the date of issuance.

 

2.2. Uncertificated
Warrants. Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued as part of, and
be represented by, a Unit, and any Warrant may be issued in uncertificated or book-entry form through the Warrant Agent and/or
the facilities of The Depository Trust Company (the “Depositary”) or other book-entry depositary system, in
each case as determined by the Board of Directors of the Company or by an authorized committee thereof. Any Warrant so issued
shall have the same terms, force and effect as a certificated Warrant that has been duly countersigned by the Warrant Agent in
accordance with the terms of this Agreement.

 

2.3. Effect
of Countersignature. Except with respect to uncertificated Warrants as described above, unless and until countersigned by
the Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder
thereof.

 

2.4.
Registration.

 

2.4.1. Warrant
Register. The Warrant Agent shall maintain books (“Warrant Register”) for the registration of original
issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall
issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance
with instructions delivered to the Warrant Agent by the Company.

 

2.4.2. Registered
Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and
treat the person in whose name such Warrant is then registered in the Warrant Register (“registered holder”)
as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other
writing on the Warrant certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise
thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

2.5. Detachability
of Warrants. The securities comprising the Units will not be separately transferable until the 90th day following the date
of the prospectus or, if such 90th day is not on a day, other than Saturday, Sunday or federal holiday, on which banks in New
York City are generally open for normal business (a “Business Day”), then on the immediately succeeding Business
Day following such date, or earlier with the consent of EarlyBirdCapital, but in no event will EarlyBirdCapital allow separate
trading of the securities comprising the Units until (i) the Company has filed a Current Report on Form 8-K which includes an
audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds
received by the Company from the exercise of the underwriters’ over-allotment option in the Public Offering, if the over-allotment
option is exercised prior to the filing of the Form 8-K, and (ii) the Company has issued a press release and has filed a Current
Report on Form 8-K announcing when such separate trading shall begin (the “Detachment Date”); provided that
no fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade.

 

2.6. Private
Warrant and Working Capital Warrant Attributes. The Private Warrants and Working Capital Warrants will be issued in the same
form as the Public Warrants but they (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless
basis at the holder’s option, in either case as long as they are held by the initial purchasers or their permitted transferees
(as prescribed in Section 5.6 hereof). Once a Private Warrant or Working Capital Warrant is transferred to a holder other than
an affiliate or permitted transferee, it shall be treated as a Public Warrant hereunder for all purposes.

 

    2

     

    

 

2.7. Post
IPO Warrants. The Post IPO Warrants, when and if issued, shall have the same terms and be in the same form as the Public Warrants
except as may be agreed upon by the Company.

 

3.
Terms and Exercise of Warrants

 

3.1.
Warrant Price. Each whole Warrant shall, when countersigned by the Warrant Agent (except with respect to uncertificated
Warrants), entitle the registered holder thereof, subject to the provisions of such Warrant and of this Agreement, to purchase
from the Company the number of Ordinary Shares stated therein, at the price of $11.50 per share, subject to the adjustments provided
in Section 4 hereof and in the last sentence of this Section 3.1. The term “Warrant Price” as used in this Agreement
refers to the price per share at which the Ordinary Shares may be purchased at the time a Warrant is exercised. The Company in
its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not
less than twenty (20) Business Days; provided, that the Company shall provide at least twenty (20) days’ prior written notice
of such reduction to registered holders of the Warrants and, provided further that any such reduction shall be applied consistently
to all of the Warrants.

 

3.2. Duration
of Warrants. A Warrant may be exercised only during the period commencing on the later of 30 days after the consummation by
the Company of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar
business combination with one or more businesses or entities (“Business Combination”) (as described more fully
in the Registration Statement) or 12 months from the date of the Company’s Prospectus, and terminating at 5:00 p.m., New
York City time on the earlier to occur of (i) five years from the consummation of a Business Combination, (ii) the Redemption
Date as provided in Section 6.2 of this Agreement and (iii) the liquidation of the Company (“Expiration Date”).
The period of time from the date the Warrants will first become exercisable until the expiration of the Warrants shall hereafter
be referred to as the “Exercise Period.” Except with respect to the right to receive the Redemption Price (as set
forth in Section 6 hereunder), as applicable, each Warrant not exercised on or before the Expiration Date shall become void, and
all rights thereunder and all rights in respect thereof under this Agreement shall cease at the close of business on the Expiration
Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided, however,
that the Company will provide at least twenty (20) days’ prior written notice of any such extension to registered holders
and, provided further that any such extension shall be applied consistently to all of the Warrants.

 

3.3.
Exercise of Warrants.

 

3.3.1. Payment.
Subject to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised
by the registered holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as
Warrant Agent, in the Borough of Manhattan, City and State of New York, with the subscription form, as set forth in the Warrant,
duly executed, and by paying in full the Warrant Price for each Ordinary Share as to which the Warrant is exercised and any and
all applicable taxes due in connection with the exercise of the Warrant, as follows:

 

(a) by
good certified check or good bank draft payable to the order of the Warrant Agent or wire transfer; or

 

(b) in
the event of redemption pursuant to Section 6 hereof in which the Company’s management has elected to force all holders
of Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants for that number of Ordinary
Shares equal to the quotient obtained by dividing (x) the product of the number Ordinary Shares underlying the Warrants, multiplied
by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value.
Solely for purposes of this Section 3.3.1(b), the “Fair Market Value” shall mean the average last reported
sale price of the Ordinary Shares for the five (5) trading days ending on the third trading day prior to the date on which the
notice of redemption is sent to holders of the Warrants pursuant to Section 6 hereof; or

 

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(c)
with respect to any Private Warrants or Working Capital Warrants, so long as such Private Warrants or Working Capital Warrants
are held by the initial purchasers or their permitted transferees, by surrendering such Private Warrants or Working Capital Warrants
for that number of Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Ordinary Shares
underlying the Warrants, multiplied by the difference between the exercise price of the Warrants and the “Fair Market Value”
by (y) the Fair Market Value; provided, however, that no cashless exercise shall be permitted unless the Fair Market Value is
equal to or higher than the exercise price. Solely for purposes of this Section 3.3.1(c), the “Fair Market Value”
shall mean the average reported last sale price of the Ordinary Shares for the five (5) trading days ending on the third trading
day prior to the date of exercise; or

 

(d) in
the event the registration statement required by Section 7.4 hereof is not effective and current within ninety (90) days after
the closing of a Business Combination, by surrendering such Warrants for that number of Ordinary Shares equal to the quotient
obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the difference between
the exercise price of the Warrants and the “Fair Market Value” by (y) the Fair Market Value; provided, however, that
no cashless exercise shall be permitted unless the Fair Market Value is equal to or higher than the exercise price. Solely for
purposes of this Section 3.3.1(d), the “Fair Market Value” shall mean the average reported last sale price
of the Ordinary Shares for the five (5) trading days ending on the trading day prior to the date of exercise.

 

3.3.2. Issuance
of Shares of Ordinary Shares. As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment
of the Warrant Price (if any), the Company shall issue to the registered holder of such Warrant a certificate or certificates,
or book entry position, for the number of Ordinary Shares to which he, she or it is entitled, registered in such name or names
as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant,
or book entry position, for the number of shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing,
in no event will the Company be required to net cash settle the Warrant exercise. No Warrant shall be exercisable for cash and
the Company shall not be obligated to issue Ordinary Shares upon exercise of a Warrant unless the Ordinary Shares issuable upon
such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence
of the registered holder of the Warrants. In the event that the condition in the immediately preceding sentence is not satisfied
with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant for cash and such Warrant
may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall have paid
the full purchase price for the Unit solely for the Ordinary Shares underlying such Unit. Warrants may not be exercised by, or
securities issued to, any registered holder in any state in which such exercise would be unlawful.

 

3.3.3. Valid
Issuance. All Ordinary Shares issued upon the proper exercise of a Warrant in conformity with this Agreement shall be validly
issued, fully paid and nonassessable.

 

3.3.4. Date
of Issuance. Each person in whose name any book entry position or certificate for Ordinary Shares is issued shall for all
purposes be deemed to have become the holder of record of such shares on the date on which the Warrant, or book entry position
representing such Warrant, was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of
such certificate, except that, if the date of such surrender and payment is a date when the share transfer books of the Company
or book entry system of the Warrant Agent are closed, such person shall be deemed to have become the holder of such shares at
the close of business on the next succeeding date on which the share transfer books or book entry system are open.

 

    4

     

    

 

3.3.5
Maximum Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the
provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless
he, she or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the
holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect
to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would
beneficially own in excess of 9.8% (the “Maximum Percentage”) of Ordinary Shares outstanding immediately after
giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of Ordinary Shares beneficially owned
by such person and its affiliates shall include the number of Ordinary Shares issuable upon exercise of the Warrant with respect
to which the determination of such sentence is being made, but shall exclude Ordinary Shares that would be issuable upon (x) exercise
of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates and (y) exercise or
conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such person
and its affiliates (including, without limitation, any convertible notes or convertible preferred stock or warrants) subject to
a limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in the preceding sentence,
for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”). For purposes of the Warrant, in determining the number of outstanding
Ordinary Shares, the holder may rely on the number of outstanding Ordinary Shares as reflected in (1) the Company’s most
recent annual report on Form 10-K, quarterly report on Form 10-Q, current report on Form 8-K or other public filing with the SEC
as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or the Warrant
Agent setting forth the number of Ordinary Shares outstanding. For any reason at any time, upon the written request of the holder
of the Warrant, the Company shall, within two (2) Business Days, confirm orally and in writing to such holder the number of Ordinary
Shares then outstanding. In any case, the number of outstanding Ordinary Shares shall be determined after giving effect to the
conversion or exercise of equity securities of the Company by the holder and its affiliates since the date as of which such number
of outstanding Ordinary Shares was reported. By written notice to the Company, the holder of a Warrant may from time to time increase
or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however,
that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

 

4.
Adjustments.

 

4.1. Stock
Dividends; Split Ups. If after the date hereof, and subject to the provisions of Section 4.6 below, the number of outstanding
Ordinary Shares is increased by a stock dividend payable in Ordinary Shares, or by a split up of Ordinary Shares, or other similar
event, then, on the effective date of such stock dividend, split up or similar event, the number of Ordinary Shares issuable on
exercise of each Warrant shall be increased in proportion to such increase in outstanding Ordinary Shares.

 

4.2. Aggregation
of Shares. If after the date hereof, the number of outstanding Ordinary Shares is decreased by a consolidation, combination,
reverse stock split or reclassification of Ordinary Shares or other similar event, then, on the effective date of such consolidation,
combination, reverse stock split, reclassification or similar event, the number of Ordinary Shares issuable on exercise of each
Warrant shall be decreased in proportion to such decrease in outstanding Ordinary Shares.

 

4.3 Extraordinary
Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution
in cash, securities or other assets to the holders of the Ordinary Shares or other shares of the Company’s capital stock
into which the Warrants are convertible (an “Extraordinary Dividend”), then the Warrant Price shall be decreased,
effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and the fair market value
(as determined by the Company’s Board of Directors, in good faith) of any securities or other assets paid on each Ordinary
Share in respect of such Extraordinary Dividend; provided, however, that none of the following shall be deemed an Extraordinary
Dividend for purposes of this provision: (a) any adjustment described in subsection 4.1 above, (b) any cash dividends or cash
distributions which, when combined on a per share basis with all other cash dividends and cash distributions paid on the Ordinary
Shares during the 365-day period ending on the date of declaration of such dividend or distribution does not exceed $0.50 (as
adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends
or cash distributions that resulted in an adjustment to the Warrant Price or to the number of Ordinary Shares issuable on exercise
of each Warrant) but only with respect to the amount of the aggregate cash dividends or cash distributions equal to or less than
$0.50, (c) any payment to satisfy the conversion rights of the holders of the Ordinary Shares in connection with a proposed initial
Business Combination or (d) any payment in connection with the Company’s liquidation and the distribution of its assets
upon its failure to consummate a Business Combination. Solely for purposes of illustration, if the Company, at a time while the
Warrants are outstanding and unexpired, pays a cash dividend of $0.35 and previously paid an aggregate of $0.40 of cash dividends
and cash distributions on the Ordinary Shares during the 365-day period ending on the date of declaration of such $0.35 dividend,
then the Warrant Price will be decreased, effectively immediately after the effective date of such $0.35 dividend, by $0.25 (the
absolute value of the difference between $0.75 (the aggregate amount of all cash dividends and cash distributions paid or made
in such 365-day period, including such $0.35 dividend) and $0.50 (the greater of (x) $0.50 and (y) the aggregate amount of all
cash dividends and cash distributions paid or made in such 365-day period prior to such $0.35 dividend)). Furthermore, solely
for the purposes of illustration, if following the closing of the Company’s initial Business Combination, there were total
shares outstanding of 100,000,000 and the Company paid a $1.00 dividend to 17,500,000 of such shares (with the remaining 82,500,000
shares waiving their right to receive such dividend), then no adjustment to the Warrant Price would occur as a $17.5 million dividend
payment divided by 100,000,000 shares equals $0.175 per share which is less than $0.50 per share.

 

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4.4 Adjustments
in Exercise Price. Whenever the number of Ordinary Shares purchasable upon the exercise of the Warrants is adjusted, as provided
in Sections 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately
prior to such adjustment by a fraction (x) the numerator of which shall be the number of Ordinary Shares purchasable upon the
exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of Ordinary
Shares so purchasable immediately thereafter.

 

4.5.
Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding
Ordinary Shares (other than a change covered by Section 4.1, 4.2 or 4.3 hereof or that solely affects the par value of the Ordinary
Shares), or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation
or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization
of the outstanding Ordinary Shares), or in the case of any sale or conveyance to another corporation or entity of the assets or
other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved,
the Warrant holders shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions
specified in the Warrants and in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable
upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including
cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such
sale or transfer, that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s)
immediately prior to such event. If any reclassification also results in a change in the Ordinary Shares covered by Section 4.1,
4.2 or 4.3, then such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3, 4.4 and this Section 4.5. The provisions of
this Section 4.5 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other
transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

 

4.6
Issuance in connection with a Business Combination. If, in connection with a Business Combination, the Company (a) issues
additional Ordinary Shares or equity-linked securities at an issue price or effective issue price of less than $9.20 per share
(with such issue price or effective issue price as determined by the Company’s Board of Directors, in good faith, and in
the case of any such issuance to Nisun Investment Holding Limited, the initial stockholders, or their affiliates, without taking
into account any founders’ shares held by them prior to such issuance), (y) the aggregate gross proceeds from such issuances
represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Business Combination
on the date of the consummation of such Business Combination (net of redemptions), and (z) the Fair Market Value (as defined below)
is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the
greater of (i) the Fair Market Value or (ii) the price at which the Company issues the Ordinary Shares or equity-linked securities.
Solely for purposes of this Section 4.6, the “Fair Market Value” shall mean the average reported last sale
price of the Ordinary Shares for the five (5) trading days ending on the trading day prior to the issuance of Ordinary Shares
or equity-linked securities.

 

4.7. Notices
of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise of a Warrant,
the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from
such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise of a
Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon
the occurrence of any event specified in Sections 4.1, 4.2, 4.3, 4.4, 4.5, or 4.6, then, in any such event, the Company shall
give written notice to each Warrant holder, at the last address set forth for such holder in the Warrant Register, of the record
date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or
validity of such event.

 

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4.8. No
Fractional Warrants or Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall
not issue fractional shares upon exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder
of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company
shall, upon such exercise, round up to the nearest whole number of Ordinary Shares to be issued to the Warrant holder.

 

4.9. Form
of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued
after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially issued
pursuant to this Agreement. However, the Company may at any time in its sole discretion make any change in the form of Warrant
that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned,
whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.

 

4.10
Other Events. In case any event shall occur affecting the Company as to which none of the provisions of preceding subsections
of this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i)
avoid an adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case,
the Company shall appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized national
standing, which shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary
to effectuate the intent and purpose of this Section 4 and, if they determine that an adjustment is necessary, the terms of such
adjustment. The Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended
in such opinion.

 

5.
Transfer and Exchange of Warrants.

 

5.1. Registration
of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant
Register, upon surrender of such Warrant for transfer, properly endorsed with signatures, in the case of certificated Warrants,
properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing
an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. In the case
of certificated Warrants, the Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon
request.

 

5.2. Procedure
for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, either in certificated form or in book entry
position, together with a written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor
one or more new Warrants, or book entry positions, as requested by the registered holder of the Warrants so surrendered, representing
an equal aggregate number of Warrants; provided, however, that in the event that a Warrant surrendered for transfer bears a restrictive
legend, the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange therefor until the Warrant Agent has
received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Warrants
must also bear a restrictive legend.

 

5.3. Fractional
Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which will result in
the issuance of a warrant certificate or book-entry position for a fraction of a warrant.

 

5.4. Service
Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

 

5.5. Warrant
Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the
terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever
required by the Warrant Agent, will supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose.

 

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5.6. Private
Warrants. The Warrant Agent shall not register any transfer of Private Warrants until after the consummation by the Company
of an initial Business Combination, except for transfers (i) among the initial stockholders or to the initial stockholders’
or the Company’s officers, directors, consultants or their affiliates, (ii) to a holder’s stockholders or members
upon the holder’s liquidation, in each case if the holder is an entity, (iii) by bona fide gift to a member of the holder’s
immediate family or to a trust, the beneficiary of which is the holder or a member of the holder’s immediate family, in
each case for estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified
domestic relations order, (vi) to the Company for no value for cancellation in connection with the consummation of a Business
Combination, (vii) in connection with the consummation of a Business Combination by private sales at prices no greater than the
price at which the Private Warrants were originally purchased, (viii) in the event of the Company’s liquidation prior to
its consummation of an initial Business Combination or (ix) in the event that, subsequent to the consummation of an initial Business
Combination, the Company completes a liquidation, merger, share exchange or other similar transaction which results in all of
the Company’s stockholders having the right to exchange their Ordinary Shares for cash, securities or other property, in
each case (except for clauses (vi), (viii) or (ix) or with the Company’s prior written consent) on the condition that prior
to such registration for transfer, the Warrant Agent shall be presented with written documentation pursuant to which each transferee
or the trustee or legal guardian for such transferee agrees to be bound by the terms of the Subscription Agreement and any other
applicable agreement the transferor is bound by.

 

5.7. Transfers
prior to Detachment. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together with
the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange
of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants
included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.7 shall have no effect on any transfer
of Warrants on or after the Detachment Date.

 

6.
Redemption.

 

6.1. Redemption.
Subject to Section 6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at
any time during the Exercise Period, at the office of the Warrant Agent, upon the notice referred to in Section 6.2, at the price
of $0.01 per Warrant (“Redemption Price”), provided that the last sales price of the Ordinary Shares equals
or exceeds $16.50 per share (subject to adjustment in accordance with Section 4 hereof), on each of twenty (20) trading days within
any thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third trading day prior
to the date on which notice of redemption is given and provided that there is an effective registration statement covering the
Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day
redemption or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection
3.3.1(b); provided, however, that if and when the Public Warrants become redeemable by the Company, the Company may not exercise
such redemption right if the issuance of Ordinary Shares upon exercise of the Public Warrants is not exempt from registration
or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.

 

6.2. Date
Fixed for, and Notice of, Redemption. In the event the Company shall elect to redeem all of the Warrants that are subject
to redemption, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption
shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date
to the registered holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books.
Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the registered
holder received such notice.

 

6.3. Exercise
After Notice of Redemption. The Public Warrants may be exercised, for cash (or on a “cashless basis” in accordance
with Section 3 of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section
6.2 hereof and prior to the Redemption Date. In the event the Company determines to require all holders of Public Warrants to
exercise their Warrants on a “cashless basis” pursuant to Section 3.3.1(b), the notice of redemption will contain
the information necessary to calculate the number of Ordinary Shares to be received upon exercise of the Warrants, including the
“Fair Market Value” in such case. On and after the Redemption Date, the record holder of the Warrants shall have no
further rights except to receive, upon surrender of the Warrants, the Redemption Price.

 

    8

     

    

 

6.4
Exclusion of Certain Warrants. The Company agrees that the redemption rights provided in this Section 6 shall not apply
to (i) the Private Warrants and Working Capital Warrants if at the time of the redemption such Private Warrants or Working Capital
Warrants continue to be held by the initial purchasers or their permitted transferees or (ii) Post IPO Warrants if such warrants
provide that they are non-redeemable by the Company. However, with respect to the Private Warrants or Working Capital Warrants,
once such Private Warrants or Working Capital Warrants are transferred (other than to permitted transferees under Section 5.6),
the Company may redeem the Private Warrants and Working Capital Warrants in the same manner as the Public Warrants.

 

7.
Other Provisions Relating to Rights of Holders of Warrants.

 

7.1. No
Rights as Stockholder. A Warrant does not entitle the registered holder thereof to any of the rights of a stockholder of the
Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights
to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the election of directors
of the Company or any other matter.

 

7.2. Lost,
Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant
Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated
Warrant, include the surrender thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen,
mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or
not the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone.

 

7.3. Reservation
of Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Ordinary
Shares that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

 

7.4. Registration
of Ordinary Shares. The Company agrees that as soon as practicable after the closing of its initial Business Combination,
it shall use its best efforts to file with the Securities and Exchange Commission a registration statement for the registration,
under the Act, of the Ordinary Shares issuable upon exercise of the Warrants, and it shall use its best efforts to take such action
as is necessary to register or qualify for sale, in those states in which the Warrants were initially offered by the Company and
in those states where holders of Warrants then reside, the Ordinary Shares issuable upon exercise of the Warrants, to the extent
an exemption is not available. The Company will use its best efforts to cause the same to become effective and to maintain the
effectiveness of such registration statement until the expiration of the Warrants in accordance with the provisions of this Agreement.
If any such registration statement has not been declared effective by the 90th day following the closing of the Business Combination,
holders of the Warrants shall have the right, during the period beginning on the 91st day after the closing of the Business Combination
and ending upon such registration statement being declared effective by the Securities and Exchange Commission, and during any
other period when the Company shall fail to have maintained an effective registration statement covering the Ordinary Shares issuable
upon exercise of the Warrants, to exercise such Warrants on a “cashless basis” as determined in accordance with Section
3.3.1(d). The Company shall provide the Warrant Agent with an opinion of counsel for the Company (which shall be an outside law
firm with securities law experience) stating that (i) the exercise of the Warrants on a cashless basis in accordance with this
Section 7.4 is not required to be registered under the Act and (ii) the Ordinary Shares issued upon such exercise will be freely
tradable under U.S. federal securities laws by anyone who is not an affiliate (as such term is defined in Rule 144 under the Act)
of the Company and, accordingly, will not be required to bear a restrictive legend. For the avoidance of any doubt, unless and
until all of the Warrants have been exercised on a cashless basis, the Company shall continue to be obligated to comply with its
registration obligations under the first three sentences of this Section 7.4. The provisions of this Section 7.4 may not be modified,
amended or deleted without the prior written consent of EarlyBirdCapital.

 

8.
Concerning the Warrant Agent and Other Matters.

 

8.1. Payment
of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the
Warrant Agent in respect of the issuance or delivery of Ordinary Shares upon the exercise of Warrants, but the Company shall not
be obligated to pay any transfer taxes in respect of the Warrants or such shares.

 

    9

     

    

 

8.2.
Resignation, Consolidation, or Merger of Warrant Agent.

 

8.2.1. Appointment
of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be
discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the
Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company
shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such
appointment within a period of thirty (30) days after it has been notified in writing of such resignation or incapacity by
the Warrant Agent or by the holder of the Warrant (who shall, with such notice, submit his Warrant for inspection by the
Company), then the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of New York
for the appointment of a successor Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed
by the Company or by such court, shall be a corporation organized and existing under the laws of the State of New York, in
good standing and having its principal office in the Borough of Manhattan, City and State of New York, and authorized under
such laws to exercise corporate trust powers and subject to supervision or examination by federal or state authority. After
appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties, and
obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any
further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall execute
and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority,
powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company
shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in
and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and
obligations.

 

8.2.2. Notice
of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof
to the predecessor Warrant Agent and the transfer agent for the Ordinary Shares not later than the effective date of any such
appointment.

 

8.2.3. Merger
or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or with which it may be consolidated
or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor
Warrant Agent under this Agreement without any further act.

 

8.3.
Fees and Expenses of Warrant Agent.

 

8.3.1. Remuneration.
The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and will
reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its
duties hereunder.

 

8.3.2. Further
Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged,
and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent
for the carrying out or performing of the provisions of this Agreement.

 

8.4.
Liability of Warrant Agent.

 

8.4.1. Reliance
on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it necessary
or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder,
such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively
proved and established by a statement signed by the Chief Executive Officer or Chairman of the Board of Directors of the Company
and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good faith
by it pursuant to the provisions of this Agreement.

 

    10

     

    

 

8.4.2. Indemnity.
The Warrant Agent shall be liable hereunder only for its own fraud, gross negligence, willful misconduct or bad faith. The Company
agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable
counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement except as a result of the Warrant
Agent’s fraud, gross negligence, willful misconduct, or bad faith.

 

8.4.3. Exclusions.
The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity
or execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach by the Company of
any covenant or condition contained in this Agreement or in any Warrant; nor shall it be responsible to make any adjustments required
under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining
of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation
or warranty as to the authorization or reservation of any Ordinary Shares to be issued pursuant to this Agreement or any Warrant
or as to whether any Ordinary Shares will, when issued, be valid and fully paid and nonassessable.

 

8.5. Acceptance
of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the
terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised
and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of Ordinary Shares
through the exercise of Warrants.

 

9.
Miscellaneous Provisions.

 

9.1. Successors.
All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure
to the benefit of their respective successors and assigns.

 

9.2. Notices.
Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any
Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified
mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address
is filed in writing by the Company with the Warrant Agent), as follows:

 

Brilliant
Acquisition Corporation

99 Dan Ba Road, C-9

Putuo
District, Shanghai

People’s Republic of China

Attn: Dr. Peng Jiang

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to
or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified
mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address
is filed in writing by the Warrant Agent with the Company), as follows:

 

Continental
Stock Transfer & Trust Company

1 State Street

New
York, New York 10004

Attn: Compliance Department

 

with
a copy in each case to:

 

Graubard
Miller

The
Chrysler Building

405 Lexington Avenue

New
York, New York 10174

Attn: David Alan Miller, Esq.

 

    11

     

    

 

and

 

RAITI,
PLLC

1345
Avenue of the Americas

New York, New York 10105

Attn: Warren A. Raiti, Esq.

 

and

 

EarlyBirdCapital,
Inc.

366
Madison Avenue, 8th Floor

New York, NY 10017

Attn:
Steven Levine

 

9.3. Applicable
Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects
by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application
of the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising
out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United
States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or
certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.2 hereof. Such
mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

9.4. Persons
Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions
hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto
and the registered holders of the Warrants and, for the purposes of Sections 7.4, 9.4 and 9.8 hereof, EarlyBirdCapital, any right,
remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation, promise, or agreement
hereof. EarlyBirdCapital shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections 7.4, 9.4 and
9.8 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Warrant Agreement shall be for
the sole and exclusive benefit of the parties hereto (and EarlyBirdCapital with respect to the Sections 7.4, 9.4 and 9.8 hereof)
and their successors and assigns and of the registered holders of the Warrants.

 

9.5. Examination
of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Warrant
Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Warrant. The Warrant
Agent may require any such holder to submit his Warrant for inspection by it.

 

9.6. Counterparts.
This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all
purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

9.7. Effect
of Headings. The section headings herein are for convenience only and are not part of this Agreement and shall not affect
the interpretation thereof.

 

9.8
Amendments. This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose
of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing
any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable
and that the parties deem shall not adversely affect the interest of the registered holders. All other modifications or amendments,
including any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the written consent or vote
of the registered holders of (i) a majority of the then outstanding Public Warrants and Private Warrants if such modification
or amendment is being undertaken prior to, or in connection with, the consummation of a Business Combination or (ii) a majority
of the then outstanding Warrants if such modification or amendment is being undertaken after the consummation of a Business
Combination. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period
pursuant to Sections 3. I and 3.2, respectively, without the consent of the registered holders. The provisions of this Section
9.8 may not be modified, amended or deleted without the prior written consent of EarlyBirdCapital.

 

    12

     

    

 

9.9 Trust
Account Waiver. The Warrant Agent acknowledges and agrees that it shall not make any claims or proceed against the trust account
established by the Company in connection with the Public Offering (as more fully described in the Registration Statement) (“Trust
Account”), including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance.
In the event that the Warrant Agent has a claim against the Company under this Agreement, the Warrant Agent will pursue such claim
solely against the Company and not against the property held in the Tnist Account.

 

9.10 Severability.
This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other tern or provision hereof. Furthermore, in lieu of any such invalid
or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

BRILLIANT ACQUI SIT ION CORPORATION 

 

	By:	/s/
    Dr. Peng Jiang	 
	Title:	Dr. Peng
    Jiang	 
	Name:	Chief Executive
    Officer	 
		 	 
	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

    13

     

    

 

9.9 Trust
Account Waiver. The Warrant Agent acknowledges and agrees that it shall not make any claims or proceed against the trust account
established by the Company in connection with the Public Offering (as more fully described in the Registration Statement) (“Trust
Account”), including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance.
In the event that the Warrant Agent has a claim against the Company under this Agreement, the Warrant Agent will pursue such claim
solely against the Company and not against the property held in the Tnist Account.

 

9.10 Severability.
This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other tern or provision hereof. Furthermore, in lieu of any such invalid
or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

BRILLIANT
ACQUI SIT ION CORPORATION

 

	By:	 	 
	Title:	 	 
	Name: 	 	 
		 	 
	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY	 
	 	 	 
	By:	/s/
    Steven Vacante 	 
	Name:	Steven Vacante
    	 
	Title:	Vice President	 

 

 

14

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