Document:

EX-10.1

 Exhibit 10.1 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS
BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE MAKER
THAT SUCH REGISTRATION IS NOT REQUIRED. 
 PROMISSORY NOTE 
  

			
	 	  	Dated as of December 19, 2022
		
	 Principal Amount: Up to $2,340,533.00
	  	New York, New York

 Carney Technology Acquisition Corp. II, a Delaware corporation (the “Maker”), promises to pay to the order of
Carney Technology Sponsor II LLC or its registered assigns or successors in interest (the “Payee”), or order, the principal sum of up to Two Million Three Hundred Forty Thousand And Five Hundred Thirty Three Dollars ($2,340,533.00)
in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds, without setoff or counterclaim, to such account as the
Payee may from time to time designate by written notice in accordance with the provisions of this Note. 
 1. Maturity. The principal balance of this
Note shall be payable by the Maker on the earlier of (such date, the “Maturity Date”), subject to Section 13 below, 

(a) the date on which Maker consummates its initial business combination and 

(b) the date of the liquidation of Maker. 
 The
principal balance may be prepaid at any time, at the election of Maker. Under no circumstances shall any individual, including but not limited to any officer, director, employee or stockholder of the Maker, be obligated personally for any
obligations or liabilities of the Maker hereunder. 
 2. Interest. This Note shall bear no interest. 

3. Drawdown Requests. The principal of this Note may be drawn down from time to time prior to the Maturity Date, upon written request from Maker to
Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each
Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Two Million Three Hundred Forty Thousand And Five Hundred Thirty
Three Dollars ($2,340,533.00). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any
Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees,
and then to the reduction of the unpaid principal balance of this Note. 
 4. Application of Payments. All payments shall be applied first to payment
in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, then to the payment in full of any late charges, and finally to the reduction of the unpaid principal
balance of this Note. 
 5. Use of Proceeds. The Maker hereby represents, warrants and covenants to the Payee, that the entire principal
amount will be used by the Maker solely for purposes of making payments to extend the period the Maker has to complete an initial business combination as described in the proxy statement filed with the Securities and Exchange Commission on
November 22, 2022. 

 6. Events of Default. The following shall constitute an event of default (“Event of
Default”): 
 (a) Failure to Make Required Payments. Failure by Maker to pay any principal amount due pursuant to this Note within five
(5) business days of the Maturity Date. 
 (b) Breach of Use of Proceeds. Failure by Maker to comply with the provisions of Section 4 of
this Note. 
 (c) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency,
reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial
part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 (d) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in
an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or
ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days. 

7. Remedies. 
 (a) Upon the occurrence of an Event of
Default specified in Section 5(a) or Section 5(b) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable
hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary
notwithstanding. 
 (b) Upon the occurrence of an Event of Default specified in Sections 5(c) and 5(d), the unpaid principal balance of this Note, and all
other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee. 

8. Enforcement Costs. In case any principal of this Note is not paid when due, Maker shall be liable for all costs of enforcement and collection
of this Note incurred by the Payee and any other Holders, including but not limited to reasonable attorneys’ fees and expenses. 
 9. Waivers.
Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings
instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property,
from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by
virtue hereof or any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee. 
 10.
Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the
liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or
modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting
Maker’s liability hereunder. Any failure of the Payee to exercise any right hereunder shall not be construed as a waiver of the right to exercise the same or any other right at any time and from time to time thereafter. The Payee may accept
late payments, or partial payments, even though marked “payment in full” or containing words of similar import or other conditions, without waiving any of its rights. 

 11. Notices. All notices, statements or other documents which are required or contemplated by this
Note shall be made in writing and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to
the number most recently provided to such party or such other address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other
electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of
written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail. As of the date of this Note, the following addresses
are designated for notices: Maker, 630 Ramona St., Palo Alto, California 94301, Attn: David Roberson, email: ctac@exploreracquisitions.com; Payee, 630 Ramona St., Palo Alto, California 94301, Attn: David Roberson, email:
ctac@exploreracquisitions.com. 
 12. Construction; Governing Law; Venue; Waiver Of Jury Trial; Etc. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. MAKER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE SUPREME COURT OF
THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE, OR FOR
RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT
PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED
BY LAW. NOTHING IN THIS NOTE SHALL AFFECT ANY RIGHT THAT THE PAYEE OR ANY OTHER HOLDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS NOTE AGAINST THE MAKER OR ITS PROPERTIES IN THE COURTS OF ANY OTHER JURISDICTION. THE MAKER
WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND CONSENTS THAT ALL SUCH SERVICE OF PROCESS BE MADE BY REGISTERED MAIL DIRECTED TO THE MAKER AT ITS ADDRESS SET FORTH IN SECTION 10 OR TO ANY OTHER ADDRESS AS MAY APPEAR IN THE PAYEE’S OR
SUCH OTHER HOLDER’S RECORDS AS THE ADDRESS OF THE MAKER. IN ANY ACTION, SUIT OR PROCEEDING IN RESPECT OF OR ARISING OUT OF THIS NOTE, THE PAYEE AND THE MAKER WAIVE TRIAL BY JURY, AND EACH OF MAKER AND PAYEE WAIVES (I) THE RIGHT TO
INTERPOSE ANY SET-OFF OR COUNTERCLAIM OF ANY NATURE OR DESCRIPTION, (II) ANY OBJECTION BASED ON FORUM NON CONVENIENS OR VENUE, AND (III) ANY CLAIM FOR CONSEQUENTIAL, PUNITIVE OR SPECIAL DAMAGES.

 13. Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
 14. Trust Waiver. Notwithstanding anything herein to the contrary, but subject to the following sentence of this
Section 13, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account (the “Trust Account”) established in which the
proceeds of the initial public offering (“the “IPO”) conducted by the Maker (including the deferred underwriters’ discounts and commissions) and the proceeds of the sale of the warrants issued in a private placement that
occurred prior to the closing of the IPO were deposited, as described in greater detail in Maker’s Registration Statement on Form S-1 (333-249415) filed with the
Securities and Exchange Commission in connection with the IPO (the “Registration Statement”), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason
whatsoever. Notwithstanding the foregoing, the Payee does not waive any Claims and does not waive its rights to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for distributions of remaining funds
released to the Maker from the Trust Account following redemptions or other distributions to the Maker’s public stockholders. 

 15. Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made
with, and only with, the written consent of the Maker and the Payee. 
 16. Assignment. This Note binds and is for the benefit of the
successors and permitted assigns of the Maker and the Payee. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the
other party hereto and any attempted assignment without the required consent shall be void; provided, that upon the announcement of an initial business combination of Maker, or occurrence and during the continuation of an Event of Default, Payee
shall have the right to assign this Note in its discretion without the consent of Maker. 
 17. Conversion. 

(a) Notwithstanding anything contained in this Note to the contrary, at Payee’s option, at any time prior to payment in full of the principal balance of
this Note, Payee may elect to convert up to $1,200,000 of the unpaid principal balance of this Note into that number of units, each unit consisting of one share of Class A common stock of the Maker and one third of one warrant, each whole
warrant exercisable for one share of Class A common stock of the Maker (the “Conversion Units”), equal to: (x) the portion of the principal amount of this Note being converted pursuant to this Section 17, divided by
(y) $10.00, rounded up to the nearest whole number of units. The Conversion Units shall be identical to the units issued by the Maker to the Payee in a private placement upon consummation of the Maker’s initial public offering. The Conversion
Units and their underlying securities, and any other equity security of Maker issued or issuable with respect to the foregoing by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, amalgamation,
consolidation or reorganization, shall be entitled to the registration rights set forth in Section 17 hereof. 
 (b) Upon any complete or partial
conversion of the principal amount of this Note, (i) such principal amount shall be so converted and such converted portion of this Note shall become fully paid and satisfied, (ii) Payee shall surrender and deliver this Note, duly
endorsed, to Maker or such other address which Maker shall designate against delivery of the Conversion Units, (iii) Maker shall promptly deliver a new duly executed Note to Payee in the principal amount that remains outstanding, if any, after
any such conversion and (iv) in exchange for all or any portion of the surrendered Note, Maker shall, at the direction of Payee, deliver to Payee (or its members or their respective affiliates) (Payee or such other persons, the
“Holders”) the Conversion Units, which shall bear such legends as are required, in the opinion of counsel to Maker or by any other agreement between Maker and Payee and applicable state and federal securities laws. 

(c) The Holders shall pay any and all issue and other taxes that may be payable with respect to any issue or delivery of the Conversion Units upon conversion
of this Note pursuant hereto; provided, however, that the Holders shall not be obligated to pay any transfer taxes resulting from any transfer requested by the Holders in connection with any such conversion. 

(d) The Conversion Units shall not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable provisions of
law. 
 18. Registration Rights. 
 (a) Reference is made
to that certain Registration Rights Agreement between Maker and the parties thereto, dated as of December 9, 2020 (the “Registration Rights Agreement”). All capitalized terms used in this Section 18 shall have the same
meanings ascribed to them in the Registration Rights Agreement. 
 (b) The Holders shall be entitled to one Demand Registration, which shall be subject to
the same provisions as set forth in Section 2.1 of the Registration Rights Agreement. 

 (c) The Holders shall also be entitled to include the Conversion Units and their underlying securities in
Piggyback Registrations, which shall be subject to the same provisions as set forth in Section 2.2 of the Registration Rights Agreement; provided, however, that in the event that an underwriter advises Maker that the Maximum Number of
Securities has been exceeded with respect to a Piggyback Registration, the Holders shall not have any priority for inclusion in such Piggyback Registration. 

(d) Except as set forth above, the Holders and Maker, as applicable, shall have all of the same rights, duties and obligations set forth in the Registration
Rights Agreement. 
 [Signature page follows] 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly
executed by the undersigned as of the day and year first above written. 
  

			
	Carney Technology Acquisition Corp. II
		
	 By:
	 	 /s/ David Roberson

		 	 Name: David Roberson

		 	Title: Chief Executive Officer, Chief Financial Officer and Chairman of the BoardExhibit 10.2

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE
AGREEMENT dated as of September 04, 2022 (the “Agreement”),
is made by and between SAKAI DISPLAY PRODUCTS CORPORATION, a Japanese legal entity duly set up in accordance with the law of Japan (the
“Seller” or “Stockholder”), and AERKOMM INC., a Nevada corporation duly set up in accordance with
the law of Nevada (the “Buyer”), will be effective upon the latest of the signature affixed hereunder.

 

RECITALS

 

MEPA Labs Inc. (the
“Company”), a California corporation, duly set up under the the law of California in 2022, is authorized to issue FIFTY
MILLION (50,000,000) shares of Common Stock with a par value at US$0.001 per share.

 

Seller signed a
Subscription Agreement, attached herewith as Exhibit A, dated January 19, 2022 with the Company, that Seller subscribed,
invested and purchased FIFTY MILLION (50,000,000) shares of Common Stock of the Company (the “Shares”) at a price of
US$0.002 per share, which bears the face value at $0.001 per share; as such all shares authorized to issue were issued and outstanding.
Therefore Seller paid cash in the aggregate amount of US$100,000 for the Shares under the Subscription Agreement.

 

Stockholder now
is to sell the entire shareholding of the Shares to Buyer, and Buyer agrees to purchase from the Stockholder the Shares under the terms
and conditions as follows. After the transaction under this Agreement is consummated, Buyer will retain ONE HUNDRED PERCENT (100%) of
the Shares of the Company.

 

AGREEMENT

 

1. Purchase
of Stock. At the Closing (defined below), Buyer shall purchase and arrange payment to the Stockholder, and the Stockholder delivers
the Stock Certificate, if any, it currently held to the Company, and declares that the Shares so held are free and clear of all claims,
liens, mortgages, security interests, encumbrances, transfer restrictions, charges, obligations, assignments, rights of third parties
and any other defect in title or restriction of any kind (collectively, the “Encumbrances”).

 

2. Closing.
The closing of the sale of the Shares (the “Closing”) shall occur in the following sequence:

 

(a)  Buyer and
the Stockholder fully sign this Agreement and deliver a copy to the other Party. A copy of the fully signed Agreement shall be
delivered and deposited with the Company immediately upon execution; all information collected shall be used solely and absolutely
for payment of Purchase Price and for purposes required by law.

 

    Page 1 of 4

     

    

 

(b)   (i)  
After receiving fully executed Agreement, Buyer shall deliver ONE HUNDRED THOUSNAD Dollars (US$100,000.00) (“Purchase Price”)
in U. S. currency to Stockholder, pay to the order of Stockholder; (ii) After receiving fully executed Agreement, the Stockholder shall
surrender the Stock Certificate, if any, it was issued and currently held to the Company; (iii) Upon receipt of fully executed Agreement
and Stock Certificate from Stockholder, the Company shall cancel the Stock Certificate received from Stockholder; and (iv) The Company
shall issue one new Stock Certificate to Buyer representing FIFTY MILLION (50,000,000) shares of stock of the Company.

 

(c) Time
is of the essence. The Parties hereby agree that the process of the Closing shall start as soon as the Agreement is signed, and Section
2(b) shall be finalized no later than August 31, 2022, 5 O’Clock in the afternoon California Time (“Closing Date”)
in the principal executive office of the Company at 44043 Fremont Blvd., Fremont, California, U. S. A. If for whatever reason the delay
is necessary, both Parties shall discuss and reach consensus within ONE business day in writing, and a new Closing Date shall be designated
at the same time. Each Party will bear their own costs and expenses, including but not limited to bank service charges, professional fees
and other associated expenses in consummation and execution of the Agreement.

 

3. Further
Actions. Buyer and the Stockholder shall assist each other to take all further actions and sign and deliver any additional instruments
on or after the Closing as the Parties hereto deem reasonably necessary to complete the transactions contemplated under this Agreement.

 

4. Representations
and Warranties of the Stockholder. The Stockholder represents and warrants to Buyer that:

 

(a) The
Stockholder has full capacity, power and authority to execute and deliver this Agreement and perform its obligations hereunder and to
consummate the transactions contemplated by this Agreement.

 

(b) This
Agreement constitutes a legal, valid and binding obligation of the Stockholder and is enforceable against the Stockholder in accordance
with the terms of this Agreement.

 

(c) The
Stockholder is the sole legal and beneficial owner of the Shares free and clear of all Encumbrances. Buyer shall receive good title to
such Shares so purchased at the Closing.

 

5. Representations
and Warranties of the Buyer. Buyer represents and warrants to the Stockholder that:

 

(a) Buyer
has full capacity, power and authority to execute and deliver this Agreement and perform its obligations hereunder and to consummate the
transactions contemplated by this Agreement.

 

(b) This
Agreement constitutes a legal, valid and binding obligation of Buyer and is enforceable against Buyer in accordance with the terms of
this Agreement.

 

6. Representations.
The Parties acknowledge and represent that the Agreement is collectively drafted, and in executing this Agreement the Parties have not
relied on any inducements, promises or representations made by another Party or any parties representing or serving the Parties. Each
Party acknowledges that they have been afforded a reasonable opportunity to consult with legal, tax and other professional advisors of
their own choosing, and is solely responsible for their own professional fees and expenses thereto, regarding the transactions contemplated
hereby prior to executing this Agreement.

 

    Page 2 of 4

     

    

 

Each Party acknowledges
that each of them makes no representation or warranty to the other Party regarding the federal, state or other tax treatment in connection
with the transactions contemplated herein. Each Party will be solely responsible for reporting, filing and paying all applicable taxes
in their own jurisdictions. Each Party will not reply nor comment to the other Party for legal or tax advice. Parties may, but not require
to, issue certain tax forms to the other Party with the advice of their respective advisers.

 

Each Party further
acknowledges that each of them makes no representation or warranty to the other Party, except as expressly set forth in this Agreement,
with respect to the Company or any of its subsidiaries or with respect to any other information provided or made available to Buyer in
connection with the transactions contemplated by this Agreement.

 

7. Notices.
Unless otherwise specifically prescribed, all notices, requests, demands and other communications under this Agreement shall be in writing
and shall be deemed to have been duly given and received immediately if delivered in person or through electronic mail, or on the earlier
of actual receipt of the written notice or five (5) days after deposit of the written notice with a carrier with tracking system, postage
prepaid, addressed to the receiving Party at such Party’s address under its signature or its last known address. Any Party may change
its address by prior written notice to the other Party in accordance with this Section.

 

8. Entire
Agreement. This Agreement by and between the Stockholder and Buyer set forth the entire agreement and understandings of the
Parties with respect to the transactions contemplated by this Agreement, and supersede all prior agreements, arrangements and
understandings related to the subject matter of this Agreement. Sections 3, 4, 5, 6, 7, 8 and 14 set forth in this Agreement shall
survive Closing, and shall continue to be true and binding after Closing Date.

 

9. Amendment.
This Agreement may be amended, modified, superseded or canceled, and any of the terms, covenants, representations, warranties or conditions
of this Agreement may be waived, only by a written instrument signed by all Parties to this Agreement, or, in the case of a waiver, by
or on behalf of the Party waiving compliance.

 

10. Counterparts.
This Agreement may be signed by traditional wet-pen, fax/PDF, or electronically generated signature, and delivered counterparts to the
other Parties, each of which shall be deemed an original, and the counterparts shall together constitute one complete document.

 

11. Governing
Law. This Agreement shall be governed by the laws of California, without regard to conflict of law principles.

 

12 Successors
and Assigns. This Agreement, and the rights and obligations of the Parties, shall be binding upon, and inure to the benefit of, the
Parties and their respective successors and assigns. No assignment shall be valid or effective unless a prior written consent is given
to the Party proposing the assignment.

 

13. Third
Party Beneficiaries. Except as may be specifically stated in this Agreement, no person or entity other than the undersigned Parties
is intended to be a beneficiary of this Agreement.

 

14. Others.
At the time of Closing completed, a Joint Venture Agreement dated as January 10, 2022 and subsequent Amendments thereof between Seller
and Buyer (collectively, the “JVA”) in respect of the Company shall be terminated in its entirety. Seller and Buyer
shall acknowledge and confirm that Seller and Buyer shall have no further obligations, duties or liabilities thereunder and Buyer and
the Company hereby releases, waives and forever discharges Seller from all obligations, duties or liabilities of whatever nature arising
under or in connection with the JVA and the Company.

 

IN WITNESS WHEREOF, the Parties have executed this
Stock Purchase Agreement.

 

[Followed by Signature Page only]

 

    Page 3 of 4

     

    

 

	 	BUYER
	 	Aerkomm Inc.
	 	 
	 	/s/ Louis Giordimaina
	 	Name: 	 Louis Giordimaina
	 	Title:	 Chief Executive Officer
	 	Address:   44043 Fremont Blvd 
	 	Fremont, CA 94538, USA
	 	 
	 	SELLER
	 	Sakai Display Products Corporation
	 	 
	 	/s/ John Chung
	 	Name:	 John Chung
	 	Title:	 Chairman
	 	Address:  1 Takumi-Cho, Sakai-Ku, Saki-shi 
	 	Osaka 590-8522, Japan 

 

	Receipt Acknowledged by COMPANY 

MEPA Labs Inc.	 
	 	 
	/s/ Jeffrey Wun    	 
	Name:	Jeffrey Wun 	 
	Title: 	CEO	 
	Address: 44043 Fremont Blvd

 Fremont, CA 94538, USA	 

 

 

 

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